Yet despite the bitter need into which they have brought themselves, it does not seem that those of the South who are in earnest have lost any of their desperation, or gained a better opinion of their foes. Their journals still trumpet the loudest lies and the mass still believe that sooner or later their shattered bark will outride the battle and the storm, and float safely into the broad sea of independence. Would that they could see the North as it is, in all its comparative prosperity, with millions still left to volunteer, and with thousands of foreigners eagerly seeking for places in the fray. We have found it necessary to instruct our ministers and consuls abroad that we can not accept for the present any more of the many military officers of different nations who desire to fight for the stars and stripes. We have money in abundance, and there is no flinching at taxation--indeed, the great source of apprehension at present is an excess of 'flush times' such as is too apt to bring on a reaction. When the war broke out we had, indeed, divided counsels. The old Southern Democrats whined and yelped, and attempted 'peace-parties' and the like; but they have vanished, and traitors now confine themselves to less offensive measures, while their ranks have been woefully thinned. We may have disasters; nay, we can hardly hope to escape them. But in the present state of the war we may fairly boast of having the upper-hand. And the Northern tenacity which did not yield when misfortune lowered around, will not be likely to loose its hold now that it has learned to measure its might, man for man, with the arrogant enemy.