In a review, then, of this gigantic struggle, we have every reason to be content and confident--no reason to bate one jot of heart or hope. The triumph over Northern treason, achieved by the force of the Government, has been followed by a moral triumph at the polls, no less grand in its significance. The country is not oppressed by the stupendous expenses of the war. The money is all spent at home. It stimulates the productive industry of the country, and the nation is all the time growing rich. The rebels have been disastrously repulsed in two attempts at invasion, and do not hold one inch of Northern soil. One third of the States claimed by them at the outset, are gone from them forever: Maryland, Missouri, Kentucky, are securely in the Union; Virginia we have cut in two--nearly one half of its territory, by the will of its inhabitants, now constituting a loyal member of the Union as the new State of West Virginia--while of its eastern half we securely hold its coast, harbors, and fortresses, and a considerable number of its counties. Tennessee is ours, and cannot, we think, be wrenched away. We have New Orleans, and the uncontrolled possession of the Mississippi river--cutting the territory of the rebels in two, destroying their communications, and giving us a considerable portion of the States bordering that river. In North Carolina and South Carolina we have a hold, from which it will be hard to drive us. On the Atlantic and Gulf coast nearly every fortress is in our possession; there is not a port which is not possessed by us, or else so blockaded that (except in the peculiar case of Wilmington) it is a hazardous affair for any vessel to attempt going in or coming out; and the rebels are utterly unable to raise the blockade of a single port. In fine, they have lost more than one third of their territory forever, and of the remaining portion there is not one considerable subdivision over which in some part the flag of the Union does not securely wave. What title to recognition as an independent power can the Confederate rebels present to the neutral powers of the world? SKETCHES OF AMERICAN LIFE AND SCENERY.