The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1863-08-13
AUGUST 13, 1868.

| tumty 10 nght him except where Rosecrans Sc
lects the ground.
We pass down the Mississippi, and there we
find that Grant, the noblest Roman of them
ALL tcheers) has reduced their boosted i'm
pregnable stronghold, taken thirty thousand
| prisoners, and sent out Sherman one his BRAY
est generals, to plant the flag of the Union
over jackson, the capital of the most warlike
State in the Confederacy. And we find this
state, considered the very soul of chivalry.
heretofore so vaunted, so boastful before the
iaii OF Vlcksburg, before its citadel and
before its capital were taken, we find II SO
reduced that our dashng cavalry officer.
the gallant Col. Grierson. with thousand
men, cut his way through the length and
breadth of this heretofore vaunted stronghold
OF the rebellion. Such is proud boastftil.
yaunted defiant Mississippi. To such a CON
aitloh Is the State reduced; State which has
more OF the sinews of war i'm brave and CAL
liant men than any other State south of Mason
and Dixon's line, think.
| . we pass down to Louisiana, (applause) and
tnere md that Banks, (applanse) rolling down
tne great Mississippi the tide of victory which
Grant nad set In motion, by the reduction of
| rort Hudson has accomplished the last act in
tne drama upon the Mississippi, uniting the
armies OF the Southwest with those OF the
morui- " est, ana by cutting the Confederacy
IN two, he has settled the fate of the Confeder-
acy and the fate of the rebellion. PROLONGED
| applause.) N'o'o"seu
we find that by this series of victories in the
west and the Southwest. the sources from
winch this army of the rebellion has hereto
lore drawn It's supplies--from the fertile plains
OF Iexas, and from the importation OF her
merchants rom other lands-are now forever
cut OH; and no longer can they draw tbrouob
Matamoras the arms and munitions with which
10 supply themselves. Now no longer can
tney oring sixty thousand Enfield rifles TO sup-
ply those which Grant found in Vicksbur,,
anu Wmch our neutral friends across the wat
er had kindly furnished through the channels
OF the kio Grande. No longer can they draw
thence the rich herds of cattle which have been
the stay of her army No longer can they
draw from Southwest Louisiana tha sai,
Wmch has supplied them, TO procure which they
sent .heir wagons and mule teams more than six
hundred miles to little ledge ofsolid salt which
was found on an island in the gulf on the shore
OF Louisiana The sources of this SUNNY are
cut on, occupied and taken possession of bv n
regiment that went from Maine, and which
was then led by the gallant Colonel, now act
ing General, kimball, from the hills of Oxford
Now we find that a large portion of the state
Is again occupied by the Federal troops. and
such are the movements and such the coudi
ton Of affairs, that in a few weeks we exnect
to send to you from Louisiana the annoupce-
ment that there Is no more of the rebellion
"tsl Oh tne MISSISSIPPI River.
WIN all these successes elsewhere. we come
auouhu again 10 tne Atlantic coast, and we find
an army confident and determined of success
numbering at the gates of rebel Charleston
tAppiausel We turn to the Richmond pa
pers last received, and we And that. with an
the aptitude for lying which has distinguished
the press OF the Confederacy. they saw the
Iali Oh Charleston will be the fall OF the con-
iederacy. We remember we have been told
iohg ago, that alter all the battles upon
the soil OF the Coniederacy have been fought
out, and their cause had become desperate
they would, as one last and final contest make
an effort to transfer the struggle to the soil
oi tne Norm, and give us a taste of the dis
truction of war. They have made that at
tempt and they did not make it until their
fortunes elsewhere were waning, and to the
eye OF every observing man il has been last
appeal. They made that attempt i'm the West
with the raid of Morgan. who intended 10 de-
solate fair and loyal Ohio. He went TO at
tack Ohio, and Morgan and his raiding and
robbing bands are prisoners on the soil they
went to desolate. They sent an army into
Pennsylvania. They intended, as they ayow-
ed TO lay tribute upon Philadelphia. to occu-
py Baltimore and then proceed to Washing
ton and dictate terms ofpeace from the Capt.
tai OF the Nation. Under their ablest and most
victorious and most skillful general they un-
dertook this programme, and the result has
been that he has fled back to the soil of yir-
ginia from which he started, with the loss of
10000 of his best soldiers.
This is the appearance of this contest so far
as we look 10 the armies of the Confederacy:
but there Is another criterion by which business
men attempt to determine upon the probable
success or failure of any undertaking. There
are those, so say many men. who can feel the
public pulse by running their fingers over the
stock list, and noting the price of gold: there
are those who can tell what the nations strength
is when they measure its credits: and when
We try the comparative strength of the nation
with the strength of the rebellion, BY the same
test by which men try any other business.
how does il stand? What Is the credit of the
Coniederacy compared with the credit of the
nation? because 1t indicates their own conf
dence in the final success of the cause, and
not only their own confidence. but 1t i the
truest test of the confidence of the world II
shows how other men regard it, II shows how
unpreludiced observers look at this question
And the world measures the strength Of
government now, by its credit, when the Bar
lngs and kothchids have the saving of nations
when diplomats can no longer carry on gov
erument without the aid of financiers. Maw
stands the issue with regard to them? In the
Coniederacy, the issues of the Confederate
government of paper with which IL paws its
soldiers, the currency with which il buys its
munitions OF war and the food with which IL
must feed its armies and maintain Its troops
Is reduced down to such standard that one
dollar in gold will buy twelve to fourteen dol
lars of Confederate money. Nay more saw
to-day, that clerk in store In Mobile was TAX
en- from there and carried north as far as Rich
mond, and sent outside of the lines of the
Coniederacy, because he sold 10 a soldier who
had returned from Vicksburg, a coat for Un-
ion money. This soldier had met at Vicks-
burg Union soldier.-for our soldiers did
come in contact with the rebel soldiers at that
place-and happened TO put into his pocket
that unknown thing to them before green
back and this clerk had offered to sell him
an article of apparel for two and a half dollar
in lgreenbacks or S25 in Confederate money!
and well he might for l happen to know
gentleman of New Orleans who has got -four
barrel full OF this Confederate money! and
think he is very sure of leaving paper for
tune TO his children. This single fact shows
precisely, not only to us here in New England
but to the rest of the world-when the credit
of this Confederacy is weighed and compared
with the credit of this Nation--it shows that
even there, within the lines of this rebellion.
they do not estimate the cause of the rebellion
as compared with the cause of the Union, as
having more than one chance in ten. being
relatively as ? 1-2 to 25.
We, on the other hand, have a currency at
present only at some 2T per cent discount. in
stead of being deprecated some 10 or II hun
dred per cent. ; currency daily and hourly
rising in value and credit, while theirs is daily
and hourly depreciating a country great.
rich prOsperous nav growing riehar a. "A ,,o..