Washington telegraph., 1864-02-17


from the beginning, we have felt. that the end OF
| this war is to follow Northern bankruptcy-that
we would literally wedr them sut by resistance,
has never faltered
Some of our friends, of that class who were
inclined to admit heretofore the Northern claims
to superiority in wealth, intelligence and enter
prize, have smiled at the thought Many good
people hoped it to be true, but scarcely believed
it--so stubborn is early prejudice. We had re-
celyed everything from. the North. We dd hon.
age with our faces to the North. Gradually, the
fact begins to be manifest. and is clearly recog-
nized by the profoundest thinkers, in whom we
cannot suspect that " the wish is father to the
thought"
The name of Golden is amongst the great
est of British 6nanciers. His sympathies are
altogether against US. He has apprehended
the true condition of affairs in the little pro-
gress the North has yet made with all its vast
| expenditure. He has seen the handwriting on
the wall, and reads it reluctantly. We publish
| cd his views last week.
We have before US now article from the
metropolitan Record" paper published In
New York. Its date is Jan. I'd 1864.
We have never been able to express our
| views SO clearly as thls Northern man has
dons. We give some extracts:
| l. 1t is estimated that at least eight hun
dred thousand men of the million ana half
mics of the Union are now dead or placed
..hors de Combat" through the casuslsie. OF
battle the diseases incident to camp life
The force now in the field IS literally estima-
ted at four hundred thousand men. while
large portion who have volunteered, or were
forced into the ranks by conscription, have de
serted or taken up their abode unknown
parts. The last conscription, aided by boun-
ties exceeding those ever paid by any govern
ment, added about fifty thousand men to the
Union forces-that is, about one sixth of the
number called for by the government was rails
ed for the work of subjugation. Now. as
| force Of four hundred thousand men is made
| quate to the overthrow of the Southern Confed-
eracy, which is defiant, still powerful, after a
| three wears war of the most sanguinary char
acter, where are we to raise the armies neces-
sary for the completion of such gigantic un-
/ dertaking as the conquest of the South. Con-
grsss is trying to devise means fer the in
| crease of the Northern armies; three hundred
| thousand more men are to be drafted and this
| time, presume, about thirty thousand will
be squeezed out Of an unwilling and discon-
tented population. Bounties to be in
creased still more, and it would not surprise
US to hear of much a thousand dollars
being offered for each recruit; but even that
will not do. The North may not be exhausted,
| but its patience is wearied, tired out, the war
| enthusiasm can never more be rev we'd, and the
struggle so far as the North is concerned. can
| hardly be protracted another year without
bringing bankruptcy and probably anarchy up
on the country.
| II. 1t may be urged in objection to the
| foregoing statement, that we have already Sc
riously circumsc-ibed the b undaries Of the
Confederacy; that we kave very materially e1-
| hausted its resources that many OF the sece-
ded States occupied by Northern forces
and all hopes of recognition by foreign powers
l hov ovip proval f,tila thera iS nO passihla
pect of its success. This is, think, about
as foreble presentation of the case as can be
made upon the part of the North without going
into details. Let us see how it stands the test.
| We will grant that the apparent material adj
vantages are against the South and with its
antagonist; but are they such as to warrant
the belief that it has really accomplished any
thing towards the overthrow of the Confedera.
cy. Look at the results, and judge. The ar
my of the Potomac has seen kept at bay for
nearly three years, while the Confederate cap
| ital remains in tact. Vicksburg and Port Hud-
son have fallen but there is no commerce on
tue Mississippi, thet river being pretty ehec-
lively blockaded by the well organized bands
| of guerilas that command its banks. Charles
ton still holds out and the fact can no longer
be concealed that the Monitors are total fall
ure. having been characterized by experienced
naval men as Floating cofins,' more danger
Gus to thosc within than to the enemy without
In Tennessee, in Mississippi, in Louisiana, In
word wherever our armies have penstrated
they have found the majority of the people ell
ther openly hostile or secretly and bitterly un-
! friendly to the Union Maryland and Della
ware, and Missouri, and Kentucky, are only
kept down by armies of occupation, and the
people, or a majority of them, are deprived OF
the ri ights of citizenship unless they take an
oath pledgiug themselves to sustain the infa-
nous policy of the Administration. The TALL
ure of the campaign in Texas is pretty gene
rally admitted, while Federal rule on the Mis-
sissippi is vigorously disputed few miles
above New Orleans.
iii. So much for the prospects Of over
throwing the power Of the South, which 1t
must be allowed are not of the most encoura-
p,np character Does the policy of the Ad-
ministrstion bear more hopeful aspect when
considered in its influence upon the Southern
| mind, Let the facts answer. The war is con-
lducted in the interests of abolitionism. Is
| that fact calculated to revive the Union feeling
among the Southern people? That people are
now being plundered of their property under
| the operaton of an unconstitutional law called
tb, Con6scation Act. Will that remove their
antipathies to polit eal fellowship with the
North. The purpose is openly avowed oy the
| Administration to give power to one tenth the
voters in each of the seeded States In Its pos
session. or that may come into its possession,
80 n,cdifv or alter the organiza ion of its gov
syn,nent If the Southerners are the men