All the historians of our civil war concede that the strategy which made the Tennessee River the base of military operations in the South-west, thus cutting the Confederacy in two by its control of the Memphis and Charleston Railroad, also made its final destruction inevitable. At an early day the Government had neither a just conception of the rebellion, nor of the steps necessary for its suppression. It was looked upon from a political rather than a military point of view, and much valuable time was wasted in suggestions and plans worse than futile. But while the national Government had been blind to the real situation, the Confederacy had every hour strengthened its position both at home and abroad, having so far secured the recognition of France and England as to have been acknowledged belligerents, while threats of raising the blockade were also made by the same powers. In order to a more full understanding of our national affairs at that time, we will glance at the proceedings of Congress. When this body met in December, 1861, a "Committee on the Conduct of the War" was at once created, and spirited debates upon the situation took place in both the Senate and the House. It was acknowledged that the salvation of the country depended upon military success. It was declared that the rebellion must be speedily put down or it would destroy the resources of the country, as $2,000,000 a day were then required to maintain the army in the field. Hon. Mr. Dawes compared the country to a man under an exhausted receiver gasping for breath, and said that sixty days of the present state of things must bring about an ignominious peace. Hon. Geo. W. Julian declared that the country was in imminent danger of a foreign war, and that in the opinion of many the great model Republic of the world was in the throes of death. The credit of the nation was then so poor as to render it unable to make loans of money from foreign countries. The treasury notes issued by the Government were falling in the market, selling at five and six per cent. discount. Mr. Morrill, in the Senate, gave it as his opinion that in six months the nation would be beyond hope of relief.