The New York herald., 1862-04-14


kansas; the First Alabama, and the New Orlean
Pelican Guard.
Governor Tod, of Ohio, has sent forty voIunteei
surgeons for the Union army near Corinth, Mis-
sissippi.
The news Of the surrender of Fort Craig, In New
Mexico, which we have received from rebe
sources, was not altogether unexpected, as we had
previously been informed that it was invested by
superior force of Texas desperadoes, under com
mand of the rebel General Henry H. Sibley. A
large amount of government property must have
also fallen into the hands of the traitors, as the
fort well stocked with provisions and munitions
ofwar, besides probably containing large amounts
of valuable property which had been conveyed to
it by loyal inhabitants for safe keeping. The day
of reckoning, however, is approaching, if we may
Judge of recent military movements in Kansas,
and the rebels will not be permitted long to hold
their i'll gotten gain or to rejoice over their tempo
rary victories.
There are regiments and companies in the rebel
armies, regularly organized, that are known and
recognized by the various names of
Avengers, Yankee Killers,
Battle-A -Axera, Bushwhackers,
Pikers, Guerrllas,'
Scalpers, Jayhawkers,
and they expect soon to have brigade of Parole
Breakers, the command of which will probably be
given to Gen. Bushrod Johnson.
An iron gun carriage for five hundred FOUNDER
gun is in course of construction at the Watertown
ssachusetts) Arsenal II will be completed in
few days, and will weigh twenty-five tons.
H. B. Denman, the democratic candidate for
Mayor of Leavenworth, Kansas, was elected on
the 7th instant by two hundred majority.
The large hotel at Blue Lick Springs, Kentucky,
was destroyed by fire on the 7th inst. Loss
s55 900.
There are now in the Union army six full regi-
ments composed entirely of Tennesseeans. The
South is not quite unit.
Wall street was duh again on Saturday, and stocks
we're generally fraction lower. Stock spectators like
merchants appear to be waiting for further news The
money market easier, and money offered every
where at per cent. Exchange closed at 112s for
bankers bills GOLD being 1913 1917. The specie
port Of the day was $s70l77.
The cotton market was steady on Saturday. Sales Of
sos bales, chiefly to spnners closing the basis Of
27Hc. . CSC. for middling upands. The -four
market was heavy, under the influence Of the foreign
news, and fell of SC. per bbl., especially for CON-
mon and medium grades OF State and Western, while
sales were moderate. Wheat was inactive aud sales
small while prices without change Of moment
Corn heavy and lower with sales Of Western mixed
in store and delivered, at &C., 61c Pork was
heavy and sales light, including new at $12 81 >,
$13 and prime at $40 IS SO 37h Bacon and lard
in good request and prices rm Sugars steady
and good request with sales of about 800 hhds at
full prices. Coffee quiet and prices unchanged.
Frsights were heavy and engagements light, at un-
Changed rates.
The Theatre OF War and the Closing Act
or the Drama.
The events which have taken place during
the last week in the theatre of war are Of i'm.
mense moment to the country. They have
brought the terrible struggle to crisis which
will either receive a speedy solution by the
complete overthrow of the rebellion, or result
in its slow and lingering death. It is only
question of time. In either case the insurrec.
ton is doomed. The gigantic preparations
made during the last eight or nine months
are now brought into active play, and
the effects will soon be apparent to all men.
Even while those preparations were incom-
plete important victories were won, which
were the sure harbingers of the future triumph
of our arms in great decisive battles. Among
the results since January last are the capture Of
twenty-five thousand prisoners and six hundred
guns.
The capture Of Island No. 10, with tho artl-
lery, munitions Of war, steamboats, and troops
which defended it, turns out to be of far greater
importance than it was deemed to be at first
The loss to the rebels is immense. The manner
in which it was accomplished by the two gun
bnota ruun;nr tho ssuntla Of ~ fho hotfar;os ord
by the digging of q canal Of twelve miles, a
large portion Of which was made through heavy
timber, which it was necessary to cut by hand
four feet under water, reflects the highest glory
upon the military genius and indomitable re-
solution Of our troops. This victory clears the
way to Memphis, the only distractions of any
account being Fort Randolph and Fort Pillow,
which can be easily disposed Of Memphis cap
tured, the descent to New Orleans cannot be
resisted.
And this reminds US that through the mouths
of the Mississippi and by way Of Lake Pont-
Crescent City, which Is probably successful at
this moment A terrible battle must first be
fought against two forts and whatever naval
force the insurgents can bring to bear. The
capture ofPass Christian, in the State of Mis-
sissippi, only fifty miles in direct line from
New Orleans, has doubtless something to do
with the coming event. We may expect now
to hear intelligence every hour of the fall of
New Orleans. Thus the gunboats Of Foote,
going down the Mississippi, and our frigates
ascending from the mouths, will meet at the
great commercial city of the South.
Meantime the movements Of General Hunter
upon Savannah may be expected soon to bear
fruit, and Burnsides capture Of Fort Macon
cannot be far distant. The fall Of this fort and
of Pulaski would leave our gunboats free to
operate at other points, at the same time that
new bases would be established for operations
upon the interior. AT Savannah, it is said,
NJ