Year: 1861




The Southern States, like their army, are
inferior in numbers and material. Tney ere
certainly in want of ready money. The
Secretary of the Treasury-their Minister of
Finance-demands loan of cash from the
planters, who ask him TO purchase their cot
ton. And cash is scarce, for the Treasury
Notes have become the principal currency of
the country. In war, the want of bullion is
almost as bad as the want of bayonets, and
it will no doubt entail great difficulties and
embarrassment on the Confederate Govern
ment. But Austria has carried on war while
in state of semi.insolvepcy, and we doubt
rot the ability OF the Confederate States to
do the same, supported as their Government
is by the enthusiasm of the people, and con-
Quoted by sober and capable men. The men
of the South are terribly in earnest. They
are passionate race, and they hate the North
with fraternal intensity. They are proud
and sensitive, and they despise the charac.
ter and resent the boastfulness of the North.
erners. They are resting on powder mag
szine, and they know tnat Northern vic.
tory would fling q lighted torch into its
midst. They would not for any considera
ton submit; and they dare not if they could.
They dare not let their slaves see them
beaten. They are fighting not for profit, for
vengeance, for policy, for empire-whatever
may have been the original motives of Sc
Cession-but for the security of their homes,
the honor of their women, for all that men
hold dear and sacred. Invasion, plunder,
burning, murders in cold blood, indictments
to servile insurrection, contumely outrage
and violations of all the laws of war-such
as the trials of their seamen for piracy-have
reused the whole South to bitter indigna.
tion and unchangeable resolution, and no
material superiority can countervail the
moral advantage possessed by men who are
fighting on their own soil for liberty, prop
erty, home family and very life. 1t speaks
well for the rulers of the Confederate States
that, in the face of invasion, they have not
had resourse to the extraordinary usurpa.
tions of power which the invading Govern
ment has found necessary in its provinces
They have not suspended the habeds corpus,
they have not gagged the press. Within
the lines of their army the Richmond Rhig
continues to abuse Mr. jefferson Davis as
securely and as virulently as the Globe abuses
Mr.. Disraell. 1t signifies little that half q
score Of malcontents have sought the pro-
lection of the Union at Cape Hatteras
Twenty times as many would flock to the
standard of the Confederates if it were raised
at New York or Baltimore. The union oI
the South is proved by the conduct of its
Government, by the strength of its armies
( and by that absence of all information which
hewilders the Northern Generals as com
p1etely as the division of sentiment in the
North, is proved by the violent courses O
Mr. Lincoln, and the excellent information
enjoyed by Generals Beauregard and John
ston as to The enemy's movements. United
courage andresolution against division anC
vacilation, make up for vast inferiority il
numbers and resouces, and leave the balance
! so even that no prudent man will venture t
expect a speedy issue to the equal conflict
/ How long the war may last it is impossible


to guess, but it seems to US further from it
erd than on the day when the Northern
army first crossed the Potomac.