The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-05-10

Chnee the war bulletins pretty much absorbed the al
tenton OF merchants 10 excus @ Of tho accustomed
routine Of business. Flour sgain declined loc zoe.
Wheat was nominaiiy &C. lower, and cats Tell OF about
70 Corn was sustained by fmaness OF Supply. Hog
PREDICTS wore duil, and nominal Beet was In
active; but without change IN vuuc whisHey was ire
auiar oieDine Al 81 so and osrg al about 81 2sasl
27S. Frei2hts were wholly inactive. qhe strike OF
sic edoros and cngshoremcn nieriercd With business
They have Heretofore received twenty cents per hour
but they row demand thirty and half and ship.
owners ofler tWccmpromiso thh,yo and quarter
Until this difficulty is settled business in freight WIN
remain at a stand.
The Virginia Campaign-"The Work
Goes Bravciy On."
We are "out of the wilderness" The army
OF General Lee, bafIled and beaten at every
point, is in full retreat towards Richmond, pur-
sued by the unconquerable old Army Of the
Potomac. We are confident that wba! the
Secretary Of War telegraphed TO General DIX
yesterday as "tbe belief" in Washington, Ia
absolutely true, to wit that "Lieptcnant
General Grant Is achieving complete vic
tory"--meaning, 20 doubt, victory which
will be crowned with the destruction or dis.
persion Of the main army Of JEFF. Davis, the
occupation Of his capital, and bis fight as an
outlaw from his exploded confederacy.
We are only apprehensive now that, moving
rapidly for Richmond. and destroying the
bridges behind him over the numerous streams
on bis route, General Lee may reach the city
with the main body of his army in season to
make good his retreat into North Carolina.
There are, however, substantial reasons for
the hope That even this last alternative Of
safety will be denied him. We have positive
information that General Butler yesterday, from
the south side, was marching upon Richmond
and that he was within ten miles Of the city.
lie commands powerful army of veterans,
and We are not aware Of any rebel force within
call. or Of any impediments to prevent his
gaining the bridges which connect the city
with the south side of the river Whether
quick enough to secure those bridges for our
entry into the city, or too late to prevent their
destruction by FIRE, the great objects will be
achieved Of cutting off the retreat of Leo at
the James river, and Of preventing the removal
Of the heavy artillery and the magazines Of am
munition from the forts or any Of the valua-
BILE stores and materials Of war with which
the factories and warehouses Of Richmond are
filed.
The dangers in his front, not less than the
pursuing army in his rear, will compel General
Lee to push back to Richmond as fast as his
railway trains and the legs Of his soldiers will
carry him. RI be can reach the city in advance
of General Butler, cross over the river, pounce
upon Butler and cut him to pieces, consider
able remnant Of the rebel army Of Virginia
may escape with some booty into North Caro-
lima. But the combinations Of General Grant
have been arranged to meet al contingencies,
and from the developments already made, we
may reasonably anticipate not only that Rich
mond will very soon bs ours, but that hardly
q remnant OF Lees defeated, exhausted and
demoralizcd legions, as an organized body, will
be left to tell the story.
Meantime, we have no doubt that JEFF Davis,
a;s Cabinet and Congress, clerks, &C., are now
en- route, by way of the Danville Railroad, for
Columbia, South Carolina; and VIC expect that
they will reach there just in time to hear that
the same disasters that will have fallen upon
General Lee In Virginia have been inflicted
upon 10. Johnston In Georgia, and that, in
brief, the terrible usurpation Of the "so-called
Confederate States is at an end.
Let the friends OF Union and Liberty"
heartily respond to the recommendations Of
the President in reference to the glorious re-
suits already attained and rejoice that, through
the favor Of Providence, We have at last found
for our heroic armies a military leader who
nknows no such word as fail"
BRITISH AGENTS STIRRING Ur RESURRECTION
IN OUR CnY.-Thc New York correspondent
OF the London Times, Mr.. Charles Mackay,
wrote to bis journal on the 25tn Of March
last that, unless General Grant gained
victory in the coming battles in Virginia,
not only would that individual lose all
prestige, but that the federal government
itself would not be able to withstand the
invasion OF Southern armies and the revolu.
tonary outbreaks which would then take place
in the States Of New York New Jersey and
Pennsylvania, which revolutions would be
followed by like movements on the part OF the
Western States Mr. Mackay asserted that in
New York there were clements OF disorder and