and condition. Any one of the deluded States which might in that case attempt to assert this right, would soon find, in renewed calamities, the folly and danger of the theory on which it is founded. Nothing but the hope of foreign intervention has sustained the cause of the rebellion until the present time; and the realization of that hope can alone keep up its vitality, and give it success in the future. The disparity of strength and numbers in the two sections is decisive of the whole case, if they be left to conclude the fight themselves. The question is one of means and men, of resources and endurance; and when we consider the effects of the blockade, and of the probably action of the slaves under the policy of the President, or even under the ordinary progress of the war, no great length of time can be required to bring the contest to an issue, even if the armies of the Union should not at once succeed in overwhelming the enemy and taking possession of his country. In spite of discouraging delays and military blunders, and of all the waste of life and means which have hitherto marked the conduct of the war, the great struggle is still progressing rapidly, though silently, in other fields than those of battle, and with other weapons than bayonets and artillery. The sinews of war are gradually becoming shrivelled in the arm of the rebellion. Every bale of cotton locked up in the ports of the South, or hidden in its thickets and ravines, or given to the flames by ruthless hands of the guerillas, is so much strength withheld from the enemy, and, in the vast aggregate, will eventually be equivalent to the overthrow of his armies and the capture of his cities. The large number of slaves rushing to our lines, and the still greater number rendered restless under restraint, and preparing to escape, may be expected, in any other year, to make even his supply of bread precarious, and still further to paralyze his strength and destroy his means of resistance. But in addition to these accumulating difficulties and misfortunes, our armies are everywhere moving down upon him apparently with irresistible force, and threaten to anticipate the slower, but not less certain work of physical exhaustion. He is hard pressed in Virginia, where his pretended capital is again menaced; he is driven out of Kentucky and Missouri, and is fast receding before our victorious forces in Tennessee. We have penetrated into Mississippi, and await only the swelling of the waters to capture its last stronghold, Vicksburg, when the great valley from Cairo to New Orleans will be in our possession, and the rebel confederacy will be sundered through its very spine. We hold important points on the Atlantic coast and in the Gulf, including the great metropolis of the South, New Orleans, and the whole coast of Texas.