The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1864-10-29

the Rebels, headed by Gen. Lee in person, vainly
fought to regain what they had lost. These
battles appear to have been severe and attended
with heavy losses on both sides but the fact
that the Union armies hold the captured forts,
shows who were the %victors. This new position
covers Fort Darling and also the Rebel pontoon
bridges just above it.
Thus is Gen. Grant gradually drawing up
his army on tlco sides Of the beleaguered city,
without disclosing to his antagonist where the
final blow may be expected. tie is evidently
aiming to capture, not merely the city itself,
bat the army which defends il, if that IS posi-
ble. One thing will be observed, that beyond
heavy losses in the battles, no serious reverses
attend Grants progress. The evacuation OF
Petersburg will be followed by a rapid advance
OF Grants forces south Of the James, and the
cutting of of the Danvillc and Lynchburg Rail-
roads, thus practically hcmming in Lees army.
The latest news from the Shenandoah Valley,
is important, to the effect that, owing to the
aid given by the inhabitants there to the Rebel
guerrillas, Grant has ordered the dwellings and
storehouses of all such symPathizers to be burned.
This is severe, but just. and will show these
miserable traitors the power OF the Government
which they defy.
In Georgia, Gen. Hood has been trying to
cut off Sherman's connection by railroad with
Chattanooga, and Forrest has been attempting
the same game in Tennessee, but both have failed
thus far.
BY the next arrival, We shall hear the result
of the State elections in Ohio, Pennsylvania,
Indiana, Iowa and Minnesota, which will be
important rs indicating how the presidential
l,..,,, ,,.n E,r, T,yNanc aY,rts ora Dnnlipy
to create n popular enthusiasm in favor Of Me
Clellan, and it is possible he may yet carry
some of the larger States.
Gold, since our last reports has been up to
208, and it will probably continue to auctuate
around 200, till after the election which takes
place Tuesday, November Sth. There never has
been a time since the rebellion broke out, when
gold has been so feyerish and f1uctuating us it
will be during the months of October and
November, preceding and following the elec-
tion. No one need be surprised to see it down
to l75, nor up 20 2j0-as likely 10 go up as
down. Politicians, spectators, and gamblers in
New York and other Eastern cities, are bound
to make gold turn to their own political and
financial advantage, if they can a; hence the fuc-
t%uatiOns.
The news from Mexico is of 4 very unexpected
and surprising character. If true, and we are
inclined to withhold full credit, Macmillan
must begin to wish he was back within the
peaceful shades Of Miramar. The fidelity of the
Mexican people to his throne may have been
merely simulated. They accepted of his dynasty
under coInpulsion, as a circumstance which they
had not the power to prevent and now, on the
favorable opportunity, throw off their dis
guiSe and declare for the reGstablishment Of the
Republic. The gallant achievements of Cor
tinas. near the mouth Of the Rio Grande, have
doubtless had a good deal to do with this sudden
revolt.