The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-02-02
The Crisis OF the COnfederaey.
lErom The Richmond Examinnr Ian 2f

From the Richmond Examiner, jan 26.1
VIII as spTns VIII III come sns les. struggle
dyows a close and s gathering elements Of opposttion
hin: that he al least, not haze much time e in
Should tho approaching campaign give him material
advantage and should the present Confederate line Of
IA sssesss~ q legacy Of em5arrassmsni and d;NeMiv
should another President resolve 70 psrsevers in the In
mocss ceris that have been made IN The last three
years have not penetrated 70 the core OF the difficulty
while they have materially diminished and crippled the
offensive resources OF the North.
sap W n iss xisioy u nai.o~s Nor doss
rho monstrous plant has struck III roots far and wide
into congenia soil, and expands with rapidly which
isnS cSus and dwaans the growth Industry and
dampns tho spirit Of enterprise Financial erpedien
hoss it beyond vhicA hey cannot o. Cunniug sstince
vol interior rotenness; but there 10 an Inevitable
fate before which silently approaches and which at
delay, and snatches Its victim OF 70 perdton without
substantial basis TO rest upon an immense system OF
ana every individual 10 tho State is drawn into the
Whirlpool and every pillar Of the social edncc buried
ss s = c s. voc
aud the monetary facilities Of commercial nation have,
% r smootned thar path and enabled them 10 make
expedents cannot continue indefinitely. Condolences IN
has sustained their cause 90 FAR and In the
%asnsry basis FOR their national debt with the post
pouemeot OF this desired contamination their bostcred
credit must sink. HMsyuttsriy fad, complete bankruptcy
smpendsi orcr hc Should hey succeed df or so long
struggle ep Wi find that they hare expended more than
s fes rwps Of prosperous courfyy ~ order 70 reduce
snto asSie unity rscson devastated ~ 'odr and drfrsf
The army With which the work Of conquest Is 70 be
carried on s another terrible obstacle which has 70 be
faced By Lincoln and his SUCCESSOR This, too, Is closely
cenuected with tho financial dIfisulty. In country
where sweeping conscrpton has been shown 70 be i'm
pracuoab0 large army, 10 be kept By voluntary on
ismout requires the most lavish system OF bountes
The SANS whsch ns Yankees noc pay q secure Veteran col
der dloa incredible They dpprorsdf. whdf ord
nary tpsss sod purchase able bodied sdw IN ne South
No great foresight IL required 10 the inevitable term
nation OF such reckless exravagaucs this Soldiers
paid for them and the payment OF such renders so
disrs scarcer, because one win enlist unless he 70
ceves Ike enormous brbe Thus the elements OF mill
tary end financial weakness are intimately connected
mutually stimulating 70 each other
AL these considerations lead 10 the conclusion ndt 1885,
coll be s last srgois Of the cdr in W. rrsssn dimsnons
u protracted still Il will tend 70 contract 10 wear OUT
simmer down. until gradual acqulescence gives place Y
pescc The conir0 campaign looks Ike seMe 70 that
1852. Then the army Of the North, for the nrss tint
fully equipped aud organized on TO crush the Souti
mlitinsly carried on system Of steady and well con
corted aggression By which they have gained consdor
able advantages and paved the way for the nna blow
which Ia they suppose, utterly 10 destroy the force
the rebellion Defeated In that, there Ia nothing
resort to The defensive capacity and cohesion Of thu
cpnfefefacy under proper management, will Increase
vhiIs thsir power OF aggression Will diminish.
g-atfyiug feature thst people have acquired
psw soae than the seens u despondsocy recently lu