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bate. Nearly every movement in this (I think final) effort to capture Richmond has failed. Sheridan failed to destroy the Central, Hunter the South Side, and Wilson the Danville Railroad--each losing about half his men and horses. Grant himself, so far, has but "swung round" a wall of steel, losing 100,000 men, and only gaining a position on the James River which he might have occupied without any loss. On the other hand, Lee wields a larger army than he began with, and better armed, clothed, and fed. This _ought_ to end the vain attempt at subjugation. But if not, the Confederate States, under the new policy (defensive), might maintain the contest against a half million of invaders. Our crop of wheat is abundant, and the harvest _over_; our communications will be all re-established in a few days, and the people being armed and drilled everywhere, the enemy's raiders will soon be checked in _any_ locality they may select as the scene of operations. All the bridges will be defended with fortifications. Besides, Lee is gathering rapidly an army on the Potomac, and may not only menace the enemy's capital, but _take_ it. Early and Breckinridge, Imboden and Morgan, may be at this moment inflicting more serious injury on the enemy's railroads and canals than we have sustained in Virginia. And it is certain the stores of the Federal army in Georgia have been captured or destroyed to a very serious extent. Still, in this hour of destitution and suffering among certain classes of the people, we see _no beggars_ in the streets. Likewise, notwithstanding the raiding parties penetrate far in the rear of our armies, there has been no instance of an attempt on the part of the slaves to rise in insurrection. JULY 4TH.--Cloudy, but still hot and dry. From the clouds of dust seen rising between Petersburg and the James River, it is conjectured that Grant's army is in motion. The Federal Congress has authorized the drafting of 200,000 more men, after 60 days' fruitless attempt to raise volunteers. So it will be September before the draft, and January before the men will be soldiers. JULY 5TH.--Cool and dry, everything suffering for rain. All quiet about Petersburg, but later in the day a rumor sprung up that fighting had recommenced there. I doubt it, because by _Northern_ accounts I see Gen. Early is destroying railroads beyond the Potomac, and will undoubtedly threaten Washington itself. If Grant fails to send troops t
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