, 1864-06-07

Add,sss "QHIoAGo TRIBUNE Chicago. n.
Ql)tfa9o Qrib1rnt.
TUESDAY, JUNE 2, 1864
THE NEWS.
ThaNntfonsl Convention meets ut bau~
more to-day. We use no other oes1gna1thg
7hrasc. No other convention can De Nation"
al. beside that which purposes to pursue s
course to sase the nation by subdutng Its
enemies. To-day the representatives Of the
loyal people Of the loyal States meet to
choose tbs standard bearer for tbs ne1t four
3sar. From near and afar the people watch
and walt. ready to accept, With cheer that
sbnu ring throughout the land, the nsme
that stands at the portals Of millions Of loyal
1ips-AnRAnAM LmcoLE.
The present situation Is the most import
ant and the most exciting In the history Of
the rebellion thuB far. Two great armies, led
by earnest fighting Generals. have advanced
far within the reduced limits Of the rebel1ious
uus
operations with tremendous v1gor, aud at =
heavy sacrifice Of material purchasing most
Substantial successes Were It not for the
continpous th1pde1s from the FIAT c1oud
gathering thickly in the near vicinity OF the
rebel capital, We should hare cars to hear the
scarcely lces resonant echoes that tell how
SI1fman is hewing his war path into Georgia.
Ether would be Of itself \ thrilling theme
for expectation. tor conjecture and for mar
1atsve. With both in Simultaneous progress,
we scarcely appreciate how momentous are
the days marked redly by the battles and
grim ca1cnds OF casualties, but rnddy with
the glow of successes thus fur without u
reverse.
In vI,sfu1n, me history Of the WET Is re"
peating ITSELF Familiar names return to the
dispatches. Grant is now at the very point
where two years ago the Army Of tho Poto-
mac rested It's extreme right wing. It occn-
pies scaIn the identical point where the
great Stuart raid struck McClellan's right.
Chickahominy, Bottoms Bridge, Gaines'
Mills ere again in the records, and again tha
people Of Richmond from their quaking cap
itol count the boom Of Federal artillery,
pressing steadily nearer.
Gen. Ghctn.an's task is an immense one.
Continually the assailant, steadily pressing
back ths toe, the losses to his army are very
heavy. We surrender large amount Of
epacc this morning to these thrilling details
OF come Of the dcrcest fighting of the war.
His wounded already number over sixteen
thousand, sent to the rear. But his adyan-
tages thus dearly purchased are most sub.
stanti.l, and not gained at too high price.
fa >, st3n
the great manufacturing region Of Rebel
dom. It is TINT region In Georgia where,
many years before the rebellion, enterprising
men Of the North invested Northern capital
in cotton and arms factories and iron fur.
naccs and Iron mills. These falling into the
hupds OF the rebels have been Of incalculable
benefit to them in furnishing material fo1
war The capture Of these works will be
disastrous to Rebellion, for twill be Impos'
eible to replace the machinery ut other
points.
The newe from abroad by two foreign ar
rivals is highly suggestive. The campaign
as thus far developed has wrought good re.
suits abroad and decidedly In favor Of our
cause.
There is little doubt that the quiet Judicial
election Of yesterday, resulted in the choice
without opposition, Of Hon e. B. Lawrence,
OF Knox county, Is the Supreme Judge ofthe
Third Grand DiAeion of this State.
It will b seen IN cur Washington dispatch
TINT In order t3Sneure the GREATEST possible
y,por in the operations Of the armies, expcn-
ditures hnying been increased beyond receipt
from the revenue and ordinary subscriptions
10 the National Loan, the Secretary Of the
Treasury has advertised for sealed Offers for
bopde Of the United States to the amount Of
81, oct, COO, bearing an annual Interest Of slx
per ccntum, parable semi annually In coin
on the 1et days Of Jn1y and January OF each
ycar, and redeemnble after the 30th Of juno,
1ss1. 1t is required that each offer must be
for $50 or fl00, or some multiple Of ont
hundred.
Inter developments show that Maximtllfa1
las Wisely "hedged" against the contin
ecucy Of being driven from the throne O.
Mexico. His right Of succession to the Aus
1rian crown, In the event OF the death Of th'
present Emperor without Issue, Is not waiT
ed absolutely. as first reported, but on1,
"eo long as the new Mexican dynasty Bhal
continue to reign" BE engages to respec
accom- up1iebed facts in the Austrian mon
arcly. After leaving, II during his a5senc
one ot his brothers should be called on II
succecd to the throne, he y would recognize hin
as legitimate sovereign. II, however, prio
to such IN event he should be driven frou
lis new Mexican throne, lie would retuan +
Ills rights OF succession In Austrfa- &
mouths OF negotiation were required to er
able Macmillan to hedge against this cren
the probability is that he considers Me11c
rs doubtful " "stock-"