The New York herald., 1862-11-17
The CsmpasGn I'm yirgiAia-Progrcs
and Prospects of-ss.e Ear.

The Campaign Tn yirginia-Progres
and Prospects of-ss.e yvar.
Our latest intelligence Of any moment from
the Army Of the Potomac is the official order
OF Friday last from General Bur aside announ-
cling the organization OF a portion Of the forces
under his command iato three grand divisions,
each consisting OF two army corps-tbe division
on the right under General Summer, that on the
left under General Franklin and tho central
division under General Hookes, with a heavy
force of reserves under General Sieol. This
important concentration OF the forces immed-
aely around General Burnside into the four dis
tinct divisions Of an army was doubtless the
business OF the late visit to Warrenton from
General Haleck. We accep: the order upon
the subject AZ notification that hot work with
the enemy, on grand scale aad at close quar-
ters may be soon expected.
General Lee evidently does not intend to fall
back farther than GordonsviIle without dos
perate struggle. He may perhaps make stand
on the south bank Of the Rapidan, the largest
tributary Of the Rappahannock, and affording
at icast equal advantages to the Ant;etam river
for defensive position. II will be remcm-
bered that General Pope, after pursuing Stone.
wall Jackson from Cedar Mountain TO the Ra-
pidan, there received positive information that
the whole rebel army from Richmond Was ad-
vancing upon him, aud that then he commenced
bis sanguinaIy and disastrous retreat, via the
Upper Rappahannock, Warrehton and Bull run,
to the forts Of Arlington Heights. In that ad-
vance the rebel commander took good care to
anticipate General Pope's designs upon Cor
donsyille, and General Lee, in his present re-
treat, will hardly, without great battle, aban-
don that important position. In connection with
Charlottesville few miles Off to the south
west, Gordonsville commands all the railway
communications and high roads Of any practical
value between Richmond ana the Shenandoah
valley. We assume, OF course, that the country
between Charlottesville and Fredericksburg
will be covered by General Burnside advance.
Hence, to maintain his communications with
the Shenandoah valley, Lee must fight for Cor
donsyile and Charlottesville, or run the hazards
of demora!izing famine in Richmond.
The grand army Of Gen. Burnside being at
length abundantly supplied with all the means,
materials and facilities for an advance, includ-
ing the Potomac river TO Aqua creek and the
Manassas Railroad we expect soon to hear
some intelligence from Virginia which will
illuminate Washington, intoXicate WaH street
and electrify the whole country. There are
only five important srongholds of the rebellion
remaining Richmond, Charleston, Savannah,
Mobile and yicksburg; but the first of these is
more important to the cause Of the rebellion
than all the others together. With our occupa-
ton of Fort Pulaski and the neighboring inlets
Savannah is really Of no consequence; Vicks-
burg is at the service OF Gen. McClernand and
Admiral Porter whenever they choose to
call Mobile, next to New Orleans, is the
largest and the most important commercial city
OF the South and therefore its reoccupation by
the cold flag would seriously weaken the
enemy. Charleston-as the head and front Of
the rebellion, and as the principal port of entry
Of British neutral traders engaged in running
the blockade-shoud have been attended to
twelve months ago but we apprehend that
our shortest route now to Charleston is by way
of Richmond We attach such Importance to
Richmond that we believe with the occupation
of that city by General Burnside the rebellion
would at once collapse and fall to pieces. With
the expulsion of JEFF. Davis from his Confsde-
rate " capital, there would be an end of the
agitation Of Intervention in Europe; an end Of
the delusive English idea Of the capabilities Of
the rebels to hold out for an indefinite period
to come an end OF the Confederate scrip"
upon which the rebel armies are subsisted, and
general reaction throughout the South in
favor of submission to the Union.
This is our estimate Of the advantages which
will follow the occupation before the close Of
the present year, of the rebel capital by the
army Of the United States. Let this crowning
triumph be longer delayed. and the taking Of
Richmond may become the work Of a protracted
and wasting siege. We accordingly accept the
latest official intelligence from General Burn
sides headquarters as indicating prompt ad-
vance upon the enemy, and for nothing less
than the possession of Richmond. Antioam
has shown that the Army Of the Potomac is
equal to the work and that army to-day in
Virginia is nearly twice in numbers the victo-
rious army actually engaged at Antietam
A NEw YORK BouRsE-No MONOPOLY II
STo,K JoBDIvG--The long standing oppositon