The New York herald., 1863-11-26

many articles especially OF imported merchandise
the Produce Exchange there general ia-lour fol
IOc grain 2c. a &c. md other mmo des in like pre-
portion Cotton was dull and lower. Petroleum WAS dul
lower and groceries irregular and prices nearly
nominal. This being Thanksgiving Day, business will p
wholly suspended. There will OF be no Change.
The Cheering News from Tennessee and
! the Glorious Prospect.
The brilliant successes attending tie pre-
liminary movements Of General Grant in from
of Chattanooga promise nothing less than the
speedy overthrow Of Br ggs army, or pre-
cipitate and dcmoralizing retreat on his part
into the interior of Georgia.
One month ago, in series of operations dis
tiuguishcd alike for skill and bravery, Generals
Hooker, Howard, Smith and G ary. indislodg-
ing the enemy from the Tennessee river, defeat
ed the object Of Bragg in his investment of Chat
tanooga on the south side. Whre he held the
river below our army was reduced to half
rations from the difficulties of transportation
| over the mountains on the north side; but in
reopening the river our suffering soldiers and
starving horses and mules were at once and
abundantly supplied. Thus the way was pre-
pared for the important successes of the last
few days, whereby General Grant has secured
all the commanding positions from the
enemy for offensive or defensive pur-
poses, and unquestionably has the rebel army
within his grasp, in the event of general en-
gagement. There cannot be q shadow of
doubt upon this point considering how exten-
sively the army of General Thomas has been
strengthened since the great battles of Septem-
Der, and how the army of Bragg has been
reduced by Longstreet's diversion against
General Burnside at Knoxville. Our only fear
is that Bragg has decamped, and that thus the
decisive blow to the rebellion may, perhaps,
be delayed for several weeks or months to
come.
Meantime the isolated army of General
Burnside at Knoxville is reported in satisfac-
tory condition and sangune of success. The
rebel column detailed from Bragg's army to
cut off Burnside, to capture his army with its
artillery, ammunition and supplies and then to
gather up the cattle, -four and corn of East
Tennessee for the relief of Bragg, will now
find other work TO do. Holly pressed by
the overwhelming army of Grant, Bragg
will need the assistance of Longstreet,
and the latter will he compelled to abandon
East Tennessee for the more urgent necessities
of Georgia. His expedition to Knoxville was
at best but desperate enterprise, and its main
object, we dare say, was subsistence. 1t has
been confessed by leading rebel journals that
without the supplies Of Tennessee this winter
to the army of Bragg 1t will be powerless to
prevent "the Yankees from overrunning
Georgia and Alabama in the spring. What
hope, then, is there for the dssolving Southern
confederacy, with Bragg pushed backward
from the strongest defensive positions, and with
an irresistible army Of Union veterans behind
him, under the victorious Grant, supported by
such experienced fighting generals as Thomas,
Sherman, Hooker, Palmer, Granger, Osterhaus
and others, heroes Of many battles East and
West?
Bragg may possibly escape for the present
without severe chsstisement; but his expul-
sion from the heights of Chattanooga will have
the moral effect throughout the rebellion of
great defeat. He may be compelled to face
about and fight, and thus bring to an end at
once the dying agonies Of his "confederacy."
1t is now reduced to such extremities that
decisive victory over Bragg or Lee will bring it
to an end Its dissolution may be delayed till
spring; but it may still be achieved before the
end of the passing year. Relying upon Gene
raj Grant to do his duty towards this grand re-
suit, we cannot refrain from reminding the ad-
n,inistration that .hc Army of the Potomac de-
sires to advance, and should be pushed forward
to win the crowning victory Of the war. We
are assured that this army is now as far superior
to that of Lee as the forces Of Grant are supe-
rior in evcry respect to the army of Bragg.
Between Grant and Meade, therefore, Atlanta
or Richmond, or both, should be in our posses
sion before either army goes into winter quar-
ters.
General Gilmore has a heavy job upon his
hands ut Charleston; but he will finish it.
General Banks has entered upon an enterprise
full Of difficulties and dangers in Texas; but
we have the fullest confidence in the result.
The decisive victory Of the war depends upon
the armies Of Grant or the army of Meade; but at
the same time o squadron Of gunboats, with CO.
operating land force of eight or ten thousand
men, against Wilmington or Mobile, might
achieve victory second in importance only to
the occupation of Richmond We do not press
this proposition, however, while in the expecta-
tion of news from Georgia or Virginia which
will simplify the future operations of the war
to the gathering up of the broken fragments of
the rebellion.
WARD BEECHER AND FERNANDO WOOD
Ward Bcecher made an abolition speech at the
Academy of Music on Tuesday evening, and
| Fernando Wood delivered peace speech a,
Bergen New Jersey, on the same day. These
oratons were about on the same level as to
| talent and both advocated silly and impract