The Confederacy did not fail for want of genius to direct our military operations, nor for lack of the best qualities that go to make good soldiers in our armies, nor for lack of devotion and self-sacrifice among our people; for they who most doubted the wisdom of our policy or of our success gave as freely as the most sanguine. The history of the rise and fall of the Confederate currency will be a singularly interesting and instructive lesson if it should ever be honestly written. Its steady, unchecked decline but too surely marshaled us the way we were going, and in the successive stages of its destruction we may read as in a mirror the story of our own facile descent. After General Grant had succeeded in cutting the Petersburg Railroad, the authorities at Richmond looked with anxiety to the Deep River coal-fields in our State as the point where workshops could be located. Before that time there was but little interest felt or expressed in the struggle North-Carolina was making to get a road opened to them; but when the Richmond coal-fields were almost surrounded by the enemy, Chatham county, in our State, became an object of great interest to the Government. All the heads of departments were at once willing to lend a helping hand to the Raleigh and Chatham Coal-fields road. The iron from the Danville road, which had been taken up on account of the necessity of relaying that road with a more heavy rail, (taken from the Charlotte and Statesville road,) was granted to it, and a part of it was already on the way when Sherman arrived in Raleigh.