Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1864-04-16
The News.

Inc news
The iutelHeercs Of the last day or tSo has been Of
the mos. gratifying character. Gold has reached a
higher premium in Yankesdom than it has CON-
handed sacs the war began, in spite Of the oil
authorizing the Secretary of the Treasury to
sell The Government gold, with the object O
depreciating la vslus, By flooding the mar
kes. Chase's "zreenbacks" ara worth less than
sixty cents on The dollar The expense of earring on
the war is aearly double what h would BE- if his paper
were at par and the period when the Government viii
End itself Without means prosecute it further is there
by shortened nearly one-hslE Toe pay the soldiers
recsiVe-sad lhey are for the most part fighting f.
MONEYS worth bat little than half what tuss
when they contracted TO serve. Toe incentive to re
main in the service is diminished in like proportion
But the present reduced value Of Chase's Totes il
A ng to what 1t must be fore long. The larger The
'discoant becomes, the rapidly the depreciation
gees on. As with all descending bcdes. the VelOeitJ
acceleraes as the descent goes Yet awhile, those
Who manage the Yankee currency able 20 interpose
checks and partially obstrue its do yard tendency
but this is becoming and more difficult and beioe
lorg will become impossible. Then it will come dow
with rush. and the end will be hlAl and fial smash
upI
Another gratifying piece Of intelligence is that men,
osrs of tee Yankee House Of Representatives hAv,
shown themselves bold enough IVoW up1n the hoOi
that the Confederate Safes entitled to
an independent power, and the House has found iise
unable to sxpol them for doing. Two years o.
more ago, Senator Bright, Of Indiana, vas *
PEELED from the Senate by not far from unanimous
for simply writing Al ordinary letter of in;rOdu,tiou
for person desiring to make the acquaintance o.
President Davis. Nov, Representative, Ne. LOrg. o.
Ohio is icuad who declares hs conviction that the in
depend .ncs Of the Confederate States should be
CO. niIsd; another, Ne. Wood. Of New York, sso"'
his concurrence in the opinion; and third, M. Hs-
ris, Of Maryland, goes iArher, denOunces the var
in Gmou5 aud internal and inTOkss the oursa o. rs
Almighty upon il; and yet the vote necessary 20 b.
expulsion cannot be Ob:ainad This looks like pro-
grsss-ths decs6ence OF national insanity and the re
turn Of reason.
The inform alton which comes nov 10 a more assured
orm that the paramount military effort Shis year is 60
b. mads in Virginia viii DO accepted sith general at
saeiOn by the psOPs Of toe COnfsderacy. Oar great
est General is here. Our best tried aud most skl'ul
troops are here from every Safe in the CIniederaey
Our Capital is here, never to be surrendered. Gh
Army Of Northern Virginia has too grand and uObs
record 10 permit is 70 be blurred by 4 defeat Tas
enemy eOull have vsn.ursd the issues Of the cam
pa;gn and Al We believe Of the wa, nowhere thar
We we're 50 able to meet them, snd OF triumph
IS hero upon this historic Virginia grOuad For thee
years we have beaten and bs ID item here Our SrHy
kaows .,slt to be their master. Il Uoald suffer Anu
hlation now sooner than submit to defeat Not
OF them doubts Curious victory.
There appetT5 TO be no longer any doubt Of the su
thenticty Of the news of Yankee dsf,At received
few days sgo by way Of Baton Rouge. The Northern
papers admit thai battle had been fought, ard at
its results were such as TO compel abandonment OF
the great expedition for the conquest of Lousara,
Texus aud the Mississippi generally. Many persons
were inclined to doubt tho bScsuse many days
elapsed before il vas announced in the Northern pa
psrs, and many others may not attach much import
ance to becanse s features depicted at the NORTH
are not very sharply or wildly defined. But it mast
be considered that Banks Department has always LeeD
noted for the mystery with which i;s commanders
shrouded their movements from the public eye, and he
shin with which they have eOntrvsd 20 conceal diaI
ters Il was not for weeks after the facts that the
FULL extent of the Yankee loses at BrashAr City, Il
Donali onvile, at Hss Iberia, a. Alhken's Bend at
MOrgAnza were revealed to the Northern public; whe
10 the New Orleans papers these defeats never sd
mi.ted at all We think it viii be found that Banks
has received stuunirg blow in Northwest Louisiana,
aud that he and his amy such of his army IS lie
may save, may be considered out OF the campaign 80
far as any oh,Dsivs purpose in concerned.
Iit true as stated the North that the Yankees
have already evacuated the country along tie Tecbe
AID the LaiOurche the effect OF this catastrophe has
been extremely important. 1t amOlnss to an sSaeua-
ton of the whole of Western Louis ana, with the
ception of the strip of land along the Mississippi; for
We take for granted thai Banks has already made the
best of his way down Red River in order to e1riea'e
himself from the perilous and embarrassing position in
which he was placed The military results Of this vic
tory will be very beneficial the Confederate cause
Price, Who was rstreatirg before Steele now be
reinforced By Kirby Smith and enabled to turn upon
his pursuer, Who ought meet with overthrow
more disastrous than Ba kss. Thus not only Louis
lana but hrge portion CT Arkansas will be freed from
invasion Is is not to be supposed that Banhss army
viii for some time be 10 condition 10 take the field
aosp and thus il viii nos DO necessary for Us to heep
50 many troops together for the defence of hsS pPi
and Alabama Wemy move our forces whittier we
vlll wthcus fear Of moIesatOn from Bankss exhaust
81 and demoralzsd armJ.