The New York herald., 1862-02-25

hs 10 make prices sOmoWnat nominal. IOo sales, IN
small lots, were confined in the aggregate to some 200
25o bales, closing nominal at CSC. for midng upands.
Preparations were making for further shipments
Liverpool, and 100 bales taken freight at 32d
The sos bales from Port Royal, consigned to Hiram
Barney, Collector OF this port vessel consigned to
spoord Tileston Co.. sold here theseeded state,
and embraced in small packages giving gross weight Of
about 2l 900 lbs, which, sad would be reduced
nearly By the removal Of the seed in ginning
1t. The -four market heavy, and closed at de-
cline OF SC. 10c. per bbL, with moderate sales,
chiefly to the home trade Wheat duh and inactive,
and the turn OF prices in favor Of purchasers Corn
was also dull, and sales light at Go 64c. for Western
mixed, in store and delivered. Pork was steady and
tolerably active, with sales Of at $4 and
prime at So Sugars were comparatively quiet and
prices unchanged with sales Of 200 hhds Cubas. Coffee
irmer and more active The sales (chiefy on Saur
day forenoon have reached IL 900 bags Of Rio at
22c for common to prime, which was advance. The
public sale Of the prize cargo Of the brig Sarah Starr
of yesterday, under the direction Of the prize
commissioners, consisting Of naval stores &C. The par
tculars Of the sale given in another column. There
was more offering for freight especially for English ports
while rates were unchanged.
The Panic Among the Rebels-Rcported
Evacuation OF Nashville.
According to our latest information, direct
from Richmond, an official despatch" had been
received on Saturday by the rebel government
of the fall of Nashville, +" meaning, we suppose,
its evacuation by the armed forces Of the rebel
lion.
Assuming this news to be true, we suspect
that, unless in the interval our army keep q
vigilant eye upon the great rebel camp of Ma
nassas, they will, when they proceed to beat the
bushes in that direction, discover that their
birds have flown. The rebels have evacuatel
Nashville rather than hazard the destruction
of the city and all their immense stores Of
military supplies in the vain effort to hold the
place against the heavy artillery Of our land
forces and gunboats. That line of intrenched
camps and fortresses stretching across Southern
Kentucky, beginning at Zollicofer's camp near
Somerset, and including between that point and
Columbus, on the Mississippi, the late great
camp of Bowling Green, Fort Donelson, Clarks-
vile and Fort Henry, embraced the meagre
rebel defences of Nashville. All these having
fallen into our possession, except Columbus
that position has ceased to be of any practical
value to the enemy, and Nashville, by several
converging railroads, and by the Cumberland
river, is completely at our mercy.
We believe, therefore, that the rebels have eva
cuated Nashville, and are moving off their sup
plies, and that they are much more anxious now
about getting away from Columbus with their
heavy artillery than for an attack by our land
and naval forces. With the rebel abandonment
of Nashville, Tennessee is recovered to the
Union, especially as the advanced corps
of the column of General Thomas has
reached the important strategical po-
sition Of Cumberland Gap. Columbus and
Memphis are thus rendered useless to the
rebels, and if not pressed too closely they will
probably soon abandon both these places, in
order to save the artillery and military supplies
thereof from capture, and to move them down
to some more eligible position for blockade
of the Mississippi, within reach of the support
ing line of their interior army.
Meantime, although we hear of no movement,
hint or sign from Richmond that Davis and his
ruling confederates expect soon to pack up and
pack off in the direction of Montgomery, Ala
bama, it is quite likely that even now-Presi-
dent, Cabinet, Congress and all-they are ready
to start at moments warning. With their
army once called in or driven off from Ma
nassas, the rebel government and the rebel
lion will not stop in their retreat within the
boundaries of Virginia or North Carolina, but
will be dispersed and broken up, root and
branch. The only thing now to be feared in
regard to the rebel camp of Manassas is that,
with its railroad facilities of retreat it will be
able to make good its escape before the inter-
vening space Of twenty miles, between Wash
ington and Centreville, Of hills of mud and val
leys full of water, can be passed by anything of
our army except its iightest infantry.
At all events it is enough for the present
to know that the prestige, the power, the hopes,
the spirit, and many of the most essential de-
fsnsive points of this rebellion are gone,
pressed backward by our superior forces along
its northern line. from Virginia to Arkansas I; it
is also pushed back along the seaboard from
Virginia to New Orleans, while its extreme
rear, in the West, is utterly routed by the ad-
vancing columns of Halleck and Buell.. A
few weeks, and, perhaps, q few days hence, the
Southern confederacy of Davis & Co. will be
reduced to the seven original seeding cotton
States; and what then? Why, then, between
vancing armies and gunboat flotillas, the delu-
sive, despotic, destructive and inglorious reign
of jeff. Davis will be brought to speedy and
ignominious end.
There is still, however, one way of escape for
Davis and his guilty confederates from the ex-
treme humiliation of defeated treason. As our
fleets and armies crowd upon them, let the rebel
chieftain, his Cabinet and Congress, and all his
soldiers who choose to follow him, push down
through Texas into Mexico, upset the European
coalition there, establish genuine republic,
and then, after satisfactory probation, we
xbc cr IL.