Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1864-01-05

THE London Times of the 18th uIt., CON.
ments az follows nPon the rsmarka ole let
ter from its Richmond correspondent, which
We Published last week, taxed 10 connec-
tiou With later letter from its New York
correspondent:
-aThe CUnfederates are courageous and
determined, but gloomy, anxious and
careworn-all because they cannot look at
paper money ss it is looked at by their
Northern neighbors. They have GOT the
better basis Of the TWO for suca financial
operations, bat il has NOT answered the
came purpose. In the South the artificial
currency ia exactly what We should expect
tito oe, aud the South suffers accordingly.
Otherwise it was never in better plight.
la Stores OF provisions aud material have
greatly Increased, its imports of foreign
goods are Large, its military credit is high,
A5d its spirit, says our correspondent, is
unchanged. Nevertheless, ae adds, 1--WE
ale on the brink of prscipice." That
precipjCe 10 fuaucial When woman
going TO market carries her money in u
great wicker basket, and can bring back
in pocket book the slice of meat repre-
Sentiug the produce Of exchange, it is GER
tainIy clear that something must be DONE
The SouthernerS have not the robust faith
OF the Sortherners, aud they must fad q
substitute for that valuable credulity.
1t isr however, Irus that difficulties of
this kind can never force into peace PEG.
pie bent upon war, and our Northern cor
respondent, who has, OF course, less op-
poFtunity of scrulinizing the finances of
tue ConfederAcy, resorts to other considers
tiohs as suggesting a possibility of COM
DF0mlsp Ftha
South. he thinks hat the guerrilla opera
Eious ut the South have sIackeued, aud
that tbis relaxation is evidence against
the likelihood of such warfare after organ
iEed resistance may have ceased On this
speculation, however. we may remark that
the organized resistance Is as vet far too
strong TO admit of any conjectures as TO The
tactics which rBsy succeed it, The Two
great armies or the Coufederates can ab-
sor6 all the resources of tho South in men
and material without leaving ,auch to
spare foF the operations o. partisaus Our
correspondent. ueEt argues ft5m the actual
condition Of the Border States 10 the nos.
sible condition of yhose which originally
seeded, and thinks that as assimilation is
'akrog pidce in MaryIaud and Kentucky, it
may occur also eventually in Alabama and
South Carolina, But the cases are not
similar. -rI.
The Border States we're always doubt
full, and although they were more disposed
TO the South than the North, nobody VEN
tured with any confidence TO forecast their
destination. All that is now proved is that
the North is exercising the more powerful
attraclion--Au attraction, be it remember.
ed, eIerted only through military rule
90 the whole, however, We must perfOrce
suspend our judgment on these specula-
lions tor there is nothing in known history
to give US the slightest guidance. The
war is like no other war; the people are
like no other people. The Americans them
selves say that nobody can understand
them, and our Northern correspondent
seems prepared for any imaginable result,
except as he says, the surrender of the
Union But one-third OF this Union did
more than surrender it. It REJECTED the
Institution with The most desperate loath-
ing, and has fought against It's restoration
70 the death. Another tGird, wavered on
the question, and hss, pephsps, not ceased
WAvsrIng. That the remainder stands out
tor The old stats of things with .uuexam.
pisd tenaciy is true; that il gives not a
sign otyieldiug is true also; but when We
attempt 20 look beyond this We must agree
with our Southern correspondent that all
Is mystery aud darkness" Ha