The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-03-24

judge Bah ana co~iae again ,sic court al elk O'Clock
with verdict Of scaailtai Tho verdict received
with evident pleasure b. all In Court.
There thrcc thousand six hundred ana eevencco
cmigranls landed al TINS port week which tic
humber landed since January cightccu Thousand four
hundred aud 6f.y .scveo Tine number who arrived
hero In the corresponding period Of 1895 only cch
thous'sa ana 0ity eieht Therc Ia Communication
baance az pescat in bank Of City thousand nvc hua
droc aud eightysix dollars and niscty-sir cests
Inc stock masxct uucommanly buoy ,ut yeslertsy
and tho rise IN prices general Harlem Rsrosa. L,T
ever, 10 consequence Of tho report n tho STATIC sosate
against CONFIRMING te Broadway grant decincd 70 1884,
viii h "a cshtccn pc below tho qaoa,ccs q, We'd
ncsday OF last week Gold ed upw sad high
ss06 kioacy was easy az tho ruling rate
OF interest GovcrnmeSt securities werc Grm without
as advance ~ quotations.
Tho rise gold rendered the msrkets 0rmef yesterday
but therc vas No general activity Prices without
change. cxcoet in few al tcios IL which thcro
como speculative movcMeat Petroleum was qaie but
rn Tor all KINDA On Change noar was &C. 100 dear.
or Wheat advanced Ic q 20 Corn aud oats dol aud
droopiDc Provisions wess moderately active. but With
out material change in prices whskey asas improved
SC; &c. uudce speculative cxctemcDt lrosh,s
Quot and ratcs without decided change The export
movement in brcadstuas AZ present IL extremely light;
but there thasc. considered shrswd who prodct
active busness Ia exports wiihln the sp,t taa.
based upon lstc intelligence from Europe
The New Campo 4 The Advantages 81
an Overwhelming Advance upon tion-
m0nd.
General Grant Is back again in Washington,
Since his departure thence The othor dag be has
been to Nashville, and, having made his Ar
rangements for the coming campaign in that
quarter, he returns to put tho veteran Army Of
the Potomac in motion-'the finest army on The
planet" He will. be received by that army
with enthusiasm, an the country shares with
its heroic soldiers in their confidence that he
comes to lead them into the rebel capital
The advantages Of successful movement il
that direction are now more apparent than at
any period since the recall Of General McCiel-
Ian from tho Richmond peninsula. We have
no doubt that JEFF. Davis, against his own iudg-
ment and purposes, has been warned by
General Lee that, if Richmond and Virginia are
abandoned for strategical purposes, the Virgin
fans, including General Lee, will abandon the
cause Of 'the conf ederacy," inasmuch as they
will have no flu rther interest in the concern
with the loss Of their State. They know from
the lessons OF Nashville, Memphis, New Or.
leans, Norfolk &C., that il s'the Yankees" once
get into Richmond no sort Of strategy will get
them out again. Davis, therefore, to secure
Lee and the fifl. thousand soldiers in the rebel
service, has been compelled io STAND bis ground
and STAKE bis desperate ca,ise On The defence Of
Richmond Otherwise We believe that he
would ere this have evacuated Virginia, and,
exhausting the country behind him. would have
shortened his defensive line some five or six
hundred miles by moving il down into North
Carolina, in view Of its advantages for ooncen-
tration, east and west, and in order to be
nearer his supplies of subsistence.
AS it Is, with strong Union column al Knox
Vile, and powerful Union army in front Of
Chattanooga, in the West, al with the inland
seas and adjacent shores Of NortS carolina IN
eur possession, and Norfolk and thu R'ch-
mond peninsula and the navigable river on
each side in the East, and with the Army Of the
Potomac on the North, JEFF Davis in his chosen
stronghold OF Richmond, is menaced, front,
tanks and rear. He must look we'll to the rail-
road line of three hundred miles which con-
meets Lee in Virginia with Lonsstreet in East
Tennessee, or serious mischief may be done on
that side; he must not neglect the Yankee army
at Chattanooga, or Thomas, by moving on At
lanta, may render Richmond unienable. The
must be we'll guarded, OF General
Butler may still find o way to- release the Lib
by and Belle Isle prisoners without the for
mality Of an exchange. The North Carolina rsit-
roads must be attenaed to, or Yankee raid in
cutting of his supplies, may reduce the army
Of Lee to the verge Of starvation. Having
provided against oil shsss dangers, il Davis
can still retain with General Lee force suf-
ficient to resist the impending shock Of the
Army Of the Potomac, then, indeei. will che
Issue Of tie coming campaign be one Of critical
importance.
We may reasonably assume, however, thae
Gen. Grant thoroughly comprehcnds all the adj
vastages we have indicated, and that all will be
used, without wasting his strength, in connection
with his main advance upon Lee. In 1861 we
lost the first battle Of Manassas in losing the SER
vices OF twenty five thousand men detailed. TO
watch the Shenandoah valley: in 1862. by the
scattering Of sixty thousand men all owes the
country between Fredericksburg and Front
Royal TO hunt up Stonewsll Jackson we lost
Richmond, and came near losing Washington;
in 1868, while Gen. Hooker was struggling out
Of "the Wilderness" at Charlottesville, five
thousand men could have captured Richmond,
and could have thus secured an inevitable aud
decided defeat to Gen. Lee; but our War
Office, net possessing the sagacity to provide
for this golden opportunity, lost it. Yet again,
in 1868, the rebel army Of Virginia might
have been captured. destroyed or routed and
dispersed, when, dsorganized and short
OF ammunition, il was hemmcd in on the
north side OF the swollen Potomac; but,
while Gen. Meade was consulting his subordi