The New York herald., 1864-11-09

restoration Of the Union will force into active aud despe
ate exeFtoa every hitherto unemployed resource OF our
oohnry and will ensure that success which WAS aways
attanable aad which only imperled by the back
Nafdness ard haitng inspired by the latent Unonism
whlh While checshug semi loyalty to the Sonin
Pss'ed IN douOting us ultimate success as aew ana
ulsiuet natl0uaay and h00nP for settenent
oased Upon rec instruction os tho old tnon fne class
o people ~ TIE S0nA took sides outright VITA tho
North e-ther openy secretly !rge, except
IN certain border ocalitss but II aid bs Idle 10 deny
nat mere mas always been 10 our country consdersoe
population who, while caa;iag fortunes cservedy
"lh she South lnd ey'ag.iher whole influence and sup
port 10 The southern IN this contest yet have
tinaed To hoe that ol the The
contingency 81 rec Instructed Uu!on upon some
terms honorable the Sonth might somehow or other
arse The class who have been acuated BY this latent
and In multitude OF sentiment, ls
mnch larger than wa ARC willing 10 confess. and tho
strongest PROOF of the fact OF widely prevailing popu
lar disbelief IN the ultimate distinct national existence
OF The south Is found in the early depreciation of the Con-
tedcgae currency.
What is needed 10 resusca,e this currency ts gene.
raj confidence IN the ultimate establishment and acknow
ledgmen OF the couiederacy and nothing would soon
inspire anu hx TINS confidence IN tho popular mind ana
CONVICTION tlan the nuvesa and nnreserved determna
ton OF our people that IL shall be For the resolution
o million and quarter q lighting men that IT shall be
so, is equivalent 10 ordauing the fact aud
conviction OF The fact OF distinct and uudanied South
ern nationality ultimate certainty would itself bo
sure guarantee OF the faithful redemption OF the Con-
federate currency.
The reelection Of Lincoln II probably the only contn.
gency which could Of itself establish this popular convic
ton aud thereby revive the Confederate credit and this
because il Is the only circumstance thai could cectuay
and eterDally crush ont from the Southern mind and
heart the latent sentiment in favor OF truction
which has existed from the be innipg-the sentiment
which has, more than other Whatever parayzed the
Southern energies aud finances through every stage OF
the war; The election of Mcclellan would the other
hand prove positive, poss bly irretrevabe, calan
", by giving e and tongue and 10 this sentiment.
II would dcpetc armies by exciting the belief that
further lighting was unnecessary, inasmuch negoa-
ton could accomplish satisfactory settlement OF the
controversy and would sadly deprecate the
currency by powerfully strengthening that sentiment in
favor Of reconstruction which has already proved SO
serious q bane 10 its credit.
While the effect OF Lincon's re election would thus
most salutary upon Confederate credit its effect upon
federal credit could not fail to be disastrous in the
teme The full influence OF the event would not indeed
be exerted for some time after its IL must
be followed up by popular conviction that the viii
90 on indelnitey-a conviction which would not fasten
itself upon the Northern mind until should
time to relieve itself from the stupendous system OF false
hood which has been organized for carrying the election.
The popular mind In that excitable country is now
wrought up to an unparalleled state OF drunken
exhilaration' In regard to the war. The South
m ,s believed s to be exhausted ana PROSTATE, and
the Northern people are taught to think that
vote in favor Of peace now would virtually
amount to silly and craven REIMBURSEMENT Of all tho
at cost of a million of and two thousand mil
hons Of dollars. The full influence of Lincoln's
fore, take effect while this popular deirum con.
tinued; but few months; possibly a few weeks OF
sion, would reveal the fact OF hopelessy disrupted
Unon and would awaken tho sobered North to the
temptation M OF war % without rat or prospect Of ruiton
out shadow OF compensation Of stupendous fabric Of
finance resting upon delusion and fasenood Even then
the crash may be postponed for season only provo
the more tremendous when 1t came at last.
: REBEL SOLDIERS SUFFERING FROM THE WANT OF
PAY.
From the Richmond Sentinel, Nov. al
We have received very touching statement sho wing
the Inconvenience which tho soldiers suffering from
want OF their deferred pay We only offer
the extraordinary Interruptions 10 Dhich the cirH
poves Of government hare been erpos.a 10 during the
gaien no,c CLOSING II may well be doubted on the evil
dence OF the letter before whether the soldiers
field would not have been better aided by attention to
tneir wants tnsn oy the occasional military services OF
speedily the brave who have endured the shock OF
the extraordinary campaign OF 1854 will have every
dollar OF their pay.