The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1863-08-27
AmEaIoAN ArFAIns N armoPn,
The Gloomy Como itiOn OF the Sonth-
ern Confodethcy.
rom the Iorl0n star, August 6

The cause Of the Southern Confederacy
is past help, past hope. The most in
fatuated, the most interested partisan of
that cause in England, can no longer
close his eyes TO the impending ruin.
We need no coDiectures, no speculations,
no comparisons Of our own, TO prove the
fact II is proved, IL is acknowledged in
every line which has just reached US, tel
egraphed from the columns of Southern
newspapers. The Southern journals do
not affect TO be under any delusion.
They dot attempt to keep up the decep-
tiOn which was maintained in England
until il fairly collapsed under the press
ure of overwhelming facts. From Rich.
mond, from Montgomery, from Mobile,
we hear the same story. The Coufeder-
acy is playing it's last desperate game.
The Southern organs do not indeed &C
knowledge total failure, and cry out for
peace but they speak in tones which
only tell Of disaster and defeat irretriev-
able.
Peculiarly significant are the utterAn-
ces of The Noble AdveTtiSer. 1t is too soon,
says this journal, to talk Of submission
yet. "The Southern cause does not look
dark enough yet TO justify those who
are ready to submit and anxious for
peace" There are then such, after all,
even among the indomitable, the irresis-
tible Confederates, over whose supreme
success some London journals were
shrieking with exultation only 8 few
weeks back. And all the answer which
the Mobile paper can make 10 those who
talk of submission Is, that the cause is
not quite dark enough yet 10 Justify SUR
renderl Truly pitiful rAllying cry,
not likely 10 inspire the hearers with
much fresh enthusiasm. Cold, too is the
consolation which the same journal finds
for the fall Of Vicksburg. Had Yicks-
burg not surrendered just when II did
Johnston would have marched upon
Grants intrenchments, and must infalli-
bly, have been cut 10 pieces. How diff
ferent this sounds from all that we used
! to hear five weeks ago about the impos-
! sibility OF Grants sustaining himself
against Johnston whenever the Confed-
crate general chose to march 10 the re-
lief of the heleaeured foraSoosi
The Confederate loan has fallen 30
fast and so far that its condition and
prospects naturally form the subject of
dealers. The Times, In its city article
yesterday, endeavors 10 comfort the
losers by little moralizing upon the
"fearful uncertainties" that must beset
sll investments that depend upon mill
tary successes or reverses, and COM
placently speoulates upon what would
have been the result If the battle of Get
tysburg had b. en- won by the Confeder-
ates.
We can hold out no comfort to those
who invested their money upon the most
rotten security which was ever offered
10 the market; but we can at least
point out 10 those who have been duped
the parties who are chiefly responsible
for the deception which has been prac-
ticed. The uncertainties of war are un-
doubtedly great; and those who stake
fortunes upon it's Issue must be prepared
for reverses as well as victories.
But in the case of the Confederate loan
many men have lost heavily, and several
been ruined, not on account Of n sudden
change of fortune in the field, but be-
cause they put their trust in the news
and comments furnished to them by the
| Times--the first being constantly mex
act, and the latter distinguished by an
amount either of ignorance or wilful mis-
representation never equalled in the his
tory Of Journalism.
The holders of Confederate stock are
not the victims of misfortune, but of i'm
posture-of kind perhaps which cannot
be punished in court of law, but not on
that account the less dishonest. The
| n....oa ..yksoh. avarotaaa eo. oraak an In A.
ence on the money market, had received
letters from New York honestly depict
ing the military situation, in place Of be-
log llled with abuse OF President Linz
coin and his Cabinet gathered up from
his unscrupulous opponents-if these let
ters had ever, even by accident, spoken
truth as 10 the bravery and discipline Of
the armies besieging Vicksburg and Port
Hudson, confronting Bragg in Tennessee,
or watching Lee upon the Potomac, it's
readers could have intelligently made up
their minds as to the uncertainties and
risks OF the war.
But what the New York letters con-
cealed, the editorial comments made still
more obscure. The army and navy of
the Union were alike the theme Of vitu-
peration. All Northern Generals and
admirAls were fools, al Southern leaders
were godlike heroes-all Northern sole
disrs were towards, all southern dee-
peradoes chiyAlrous as the knights Of
old. Northern successes were decried
aud ridiculed, their armies were con-
stAnty upon the point Of melting away,
and tho whole frame of society in the
Free States was in the course Of falling
70 pieces.
The scum Of Northern politicians were
held up as great statesmen, their treason
able utterAnces declared 10 be tho senti
ments Of the great body Of the people
and the population from Maine 10 Mis-
souri, represented TO be longing for th'
time wbes q successful General should
appear 20 proclaim himself king and
master by virtue Of the sword.
% Those who know America could ahorc
70 emile at all this mass of ludicrouI
. Representations by which tho con
duetors OF that organ have imposed uPoI
? the ignorant and credulous, knowing tul
well that the bitterly hostile COMMENT
+. Of an English journal had no more in
4 auence upon events than on the mOtiol
2 mt .