Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-04-21

To-day two years sgo, says the Richmond
FEig of the 18Th, Fort Sumter was wrested from
the hands Of the United Stssss forces. We have
now encountered and resisted successfully the
arnies snd navie5 Of thst Government ss many
yesrs as they allowed Us months in the begin
ming, and we stand today in an attitude of as
detarnined defiance, and as impregnable de-
fence, as we have presented during the war.
Not many months after hostilities began, the
New York Tribune the most potent organ of the
enemy, insisted that if they did not subdue Us
in twelve months, the efforl should be abandon
cd for said that Journal there is not an IL
stance in history Of people maintaing strug-
gle for Independence year, being afterwards
subiugatsd. We have maintained onT struggle
not one yesr only, but two years, and are yet SO
capable Of resistance that at ell points the enc
my are held at bay, or are retiing before as
Gould anything but the most incurable phrenzy
prolOng the effort on the part Of the enemy.
Until recently the conflict has served mainly
to show that in the field, and away from the
seas snd Che rivers, we had nothing to fear from
the enemy. Almost without exception We van
quisIed and routed them whenever they pre-
scented themselves at a distance from their gun
boats. But relying upon their immense naval
preparations, they still hoped to iufici such in
Jury on Us that we would be compelled, in the
end, to rslinquish the contest and sue for peace.
It has been reserved for rs to show, rs we have
done in the last year, and especially in the last
few days, that we are able to cope with their
enormous navy and with the monsters Of the
deep they have devised in the shape Of iron clad
and turreted steamers. A gun has been IN
vented, and is now in Use, that penetrstes the
thiekest iron mail they are abe to employ. In
the harbor Of Charleston We have sunk the most
powerful Of their monitors, fondly believed by
them to be invulneTable. Ths others know
their doom If they approach ouT batteries The
enemy have learned that their vast and costly
preparations are all IN vain, and that on the
coast and by the banks Of our nsvigablo streams
As well as in the interior, We are now prepared
to meet them. Aud so, as the war has pro
gressed, we have taught them that, whether on
land or sea, we are their masters.
Il remains only to ascertain whether we have
ehs ssgacity to manage financial matters, and
the patriotism and energy to produce The pro-
visions necessary to support our armies and peo-
pie while the war lasts. In regard to The for
msr, we hsve the most emphatic and valuable
encouragement in the tidings from England that
cotton notes are .iHng there at premium, and
that more ths'. fifty millions of dollars have
been offered for investment It viii require bat
8 modicum of fnsneisl ability to turn this fact
to the most mstorisi advantage to US. Our cur
Teney ought to soon be equal to gold-aad viii
be, if AfI. MEMMEGER viii only arrange, IS hs
can readily do, through tie fundamentally Of
cotton, to pay the interest of thapublic debt in
gold. The actiOn Of ths British merchants and
bankers in this mater, is the judgment Of The
most sensitive and intelligent tribunal On earth,