The New York herald., 1864-09-10

the Last Leak In she Conduct % the
War-Rebel Resources ia Cotton Co he
i Cat ON. AN
Now that the armies of the Union, at nearly
oil the leading points Of rebel attack or defence
bold mghtv grin on the throat Of the rebel
lion, nothing should be neglected by the govern
ment which can stop every remaining leak
and help to cripple every source Of pecunary
as we'll as physical aid from which the confede,
racy has the least chance Of obtaining it, The
military situation at the present hour is most
prosperous, and forbodes speedy ruin to the
cause of treason. How stands it.. Grant, even
with his comparatively small force, holds Leo
in such position that he cannot make move.
He is literally chcckmotcd
Without force enough to attack bis adver-
sary with any prospect of success, aud not dar-
ing to reinforce General Hood at Atlanta,
even when that place was in its direst peril,
Lee is chained down as II wera with his whole
army until the last pound OF bacon and the
last barrel of -four in Richmond is devoured
Sheridan stops the mouth Of the valley so etiec
tually that Early's portion of the rebel army
must also be fed from the supplies at Peters
burg and Richmond, thus rendering desperate
the case of the army ia Virginia.
BY the-captnre Of Atlanta, and the possession
OF its railroad communications east and south,
Georgia may almost be counted out Of the
calendar Of military difficulties against which
the forces Of the government are warning.
Our land and naval forces holding tho forts
and water approaches to Mobile, under Farra.
gut and Granger. the capture of the CONNER
cial capital of Alabama may be regarded as
certain. 1t is quite probable also that, with
proper energy on the part of the Navy De-
partment, Wilmington will very soon be in the
hands of tho government. As for Charleston,
it is so locked up that the guns of Sumter may
"Jove's thunders counterfeit" untl the crack
Of doom, but they cannot save the tottering
cause of the confederacy. It is thus evident
that the rebel condition is hopeless. The last
ditch has indeed been reached. The physical
power Of the rebellion is almost exhausted.
While such is the state OF things east Of tho
Mississippi, we desire to draw the attention Of
the government to the necessity Of using every
means in this important crisis to exhaust the
pecuniary resources Of the con!ederacy-to cut
of its supplies everywhere at home and break
down Its credit abroad. There is great leak
to be stopped on the frontiers of Texas. Cot
ton to an immense amount Is finding its
way into Mexico, and thence to Europe, to
meet the requirements Of the rebel loan
and purchase material for the war. Large
quantities of munitions and supplies are pour
ing into the rebel States by the same
channel. This channel should be obstructed
by the presence Of competent force on the
border under an able general. We are in
formed that the rebel government has a depot
for cotton at FL Paso which covers ten acres
of ground, and several more, containing
from FIVE hundred to two thousand bales, few
miles in the interior from the Rio Grande. The
cotton crop in Texas, Arkansas and many com-
ties Of Louisiana this year is abundant and
every bale of il will 60 into rebel hands if this
frontier line Is not protected. The agents Of
the rebel government in Texas alone hold now
five hundred thousand bales Of last years
crop, and they estimate the present years crop
at two hundred thousand bales. At the cur
rent rate of cotton in New York to-day this
rebel lines in Arkansas there are, both in store
and 10 the fields, one hundred aud fifty thou
sand bales more, worth. at The same standard.
Sl60,0o0,0o0, while in the parishes OF Louisi-
ana lying OH the Red river il is estimated that
there are one hundred and Atty thousand
moro, giving total OF one million bales OF
cotton at the disposal. Of the enemy, On the
frontiers Of Mexico wherewith to obtain sup
plies and maintain their credit.
II is clear then, that the government ought
10 take instant measures TO prevent this cotton
from going out Of tn confederacy. Now that the
rebellion is crippled ia Virginia. Georgia, Ala
balna snd tie Caro,inas. lis military strength
broken, - armies thinncd out and dishesrt-
enel. is capacity to recuperate them ex-
bausted. This great leak. in the Southwest,
whereby resources OF paramount value still re.
main TO tie enemy, should be stopped. An
army OF seyeniy-ive thousand men could do il
IN three months.
b.secniahic Failure or Political Geue-
rats on Both sides.
Orc has only 70 glance at the records OF the
va to become satisfied that political generals
Is I Class, haye proved lameniab!e failures in
L. ~. A L. - n I'll