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PUBLISHER (DAILY) BY K !> 0 A R S-N 0 WI) E N, Jr. OFFICE?ISTo. 104 King street, aver Stone's, (formerly Frenches) Book Store. The New Fork World of Saturday contains . n lengthy editorial article on the result of 4The three years fighting,'' in which it says that three or four months have elapsed and the 4Emancipation proclamation'5 of President Lincoln "has produced no effect whatever out ride ot our iniiirar; lines, beyond adding to the exasperation of the rebels and stimulating their efforts." The Florida expedition and Sherman's, prove "that the reviving Union sentiment in the South, of which we have * bsen told so mac.:, is-imaginary, and that the i - > - i starvation theory, on wb'ch over-sanguine j people hate relied so uracil in predicting an j ear'v el^so or the- war, has as little foundation ! in laCT. d!tion was based upon th^ idea that there was a very considerable Union population in that state, vhich required only the presence and protection of our troops to declare itself open ly. So strong a hold had this idea taken of the Washington authorities that the military ex pedition into Florida was designed to be merely ncidental to the civil reorganization of the state, which was the main object of the move ment. But what was the state of ieiccs dis closed by the expedition? Gen. Seymour, in his advance into the Stah, acted on the theory of his official superiors, and treated the people with the lenity and confidence which would naturally be practised by a Uniun general toward a repentant, population which he wished t.o conciliate. Bat the result show* ea that every pretended loyalist who came into his camp tendering assistance or offering information was a rebel spy. A leading Re publican newspaper had, last evening, a long article severely censuring General Seymour for placing confidence in any or the white inhabi tants of Florida, and attributing hi.^ disaster to his neglect to use negro guides. Such a censure is a confession that there is no loyally among the white population of that sta/,e, ''There is every reason to believe that the public sentiment of Florida is that of every part of the Southern States not included with in our military lines, ' If the Florida expedition disproved the existence of returning loyalty, that of Sher Tiian dispels, in a manner quite as conspicuous, the idea that the rebellion is , likely to sae soon starved out The reports brought to headquarters by Sherman's scouts proved that iie was advancing into a land of abundance.? The vast quantities of grain, fiour. and pro visions which he and Smith's cavalry are said 10 have destroyed, and the great number of beef cattle which Sherman is reported to have driven away, show how preposterous is the ex pectation that the rebels can be starved out.? With the modern implements of husbandry one man can raise enough of the prime ne cessaries of life to support at least a dozen.? The only rational question that could at any Time have arisen, in this regard, was whether tie greet body of the southern people would consent to live on mere necessaries for the sake of independence, in England, France, or any country where the &cale of living is pretty high, tne limit of taxation is soon reached, be cause the people will not consent to much abridgment ot their customary comforts.? Hence Louis Napoleon, absolute monarch as I | he is, finds an awmui! deficit which -ill the skill | ot }]. Kmld, his ve?y abie finance minister. I cannot contrive ro make up. But in the 1 South there are two powerful reasons why tho taste for comforts or luxury does not. gain ihe | mastery over military efficiency. In the first ,hl?hice, the blockade both shuts out such articles and shuts in the staples by which they were want to be purchased. Jn the next plaee, die confiscation policy and the exasperation natur ally caused by invading armies b.ive kept the political and national passions of the people iuilamed to such a pitch, that they are ready to sacrifice luxuries, comforts, and Hie itself, rai her than fail. 4\LF the rebels can be starved, they o*).ght to have been starved the first year of the war, when they were raising cotton instead of! cereals. . The second year of the v/ar, they 1 grew less cotton and more grain. Last yeai. I *? % . ? ' t there was such an accumulation of cotton with- l out a market, that cotton culture was pretty j much abandoned, and the cotton lands planted | with corn. It stands to common sense that if j the South could feed its population and also; raise a cotton crop, it can have no difficulty in j feeding its population when all its agricultural j industry is expended in the production of food, j 4'Let us have done with senseless delusions, j The South, at the end of three years, is in a ! better condition to fight than it has been at any preceding period. It has no longer the ma chinery to create by which arms and military j supplies are manufactured and its population j furnished with clrthing. It has on hand such j a supply of arms- that hereafter only ifioderate j additions will be necessary. Its soldiers are j veterans and its military discipline at the j height. Three.years1 entire seperation from j the federal government has weaned the south- j ern people from any lingering affection tor the Union. During these three years, they have known it not as a protector bui as a, relentless avenger. There has never been an hour since the beginning of the war when their resolution was more obstinate and indomitable than it is now. Such is the result of a three years' war waged on mistaken principles. We have j only hardened the rebels and made them more ! stout-hearted. It is time we had the moral j courage to face the truth." The Chesapeake and Ohio Cana! repairs having been complet3d, and the water again admitted, there is an active trade at present.? Over forty boats have arrived at Georgetown since the first of the month. most of the>rs however, being those which have been for some time delayed at different point?. Of flour, 71,000 barrels havebeein received in three or four days; besides wheat, corn, and other produce, coai, &c. The cargoes of coal do not at present include any of the spring loading at Cumberland. The coal companies anticipate a larger trade from this season than ever be fore> and their wharves and transhipment ap pliances along the canal banks in Georgetown are extended and improved accordingly. According to the New York Tribune, Gen. Grant advocates, tor the approaching cam paign, the concentration, upon one or two points, of all the Federal troops that are row scattered from Minnesota to Texas; his object being, we are told, uto make them available for smashing blows this Spring." It is reported that Gen, Meade is about to retire from the Army of ih^ Potomac on ac count of ill health. 1 The recent skirmish u&n' Suffolk. Ya , ap pears to have ranked qaite pwavorahly to the negro troops engaged in it fbe coire.-pon? dc.'iit of *he New York Herald states that, they retreated some eight miles ; tVi* at son it- points nlti\ fHUOti their ii t>{ilii? i 1 ii<? mIu?i\ ? ''lit t?.? c h' ers they became panic\stricken and made the liveliest retreat po.-iUe, The loss originally set down at twenty-five killed, it is now paid, is about one hundred An as sociated Press dispatch from l^otrsss Monroe, notwithstanding, assert thu 4'the negro troops behaved most courageously; cutting their way through the Confederates with the loss of only twenty men in killed, wounded and missing."' The New York Independent, gives the ''Louisiana election" aud General Bank's re eon.strucnon exoerimenta orettv roueh over K JL tf t > hauling. Instead of regarding it as "grandly successful," the Independent regards it as of evil portent, and as demonstrating the ;;dis lovaltv'" rather than the "loyahy" of those a' c, " %j who voted lor the successful candidate. It repeals the Tribune's charge than Hahn, the governor elect, is an old rebel who has per jured himself, and it considers the votes given him "as a measure of the rebei strength among the vot i ng po pula t i om General Polk has issued, from his headquar ters at Demopolis, an address to his army, con gratulating the latter on the successful termi nation of the campaign against Sherman, Gen. Polk claims that the defeat of Smith's and Grierson's cavalry caused the failure of Sher mans expedition by breaking down, through the absence of cavalry, the only means of sub sisting his infantry. It compelled, him to make a hasty retreat, closely pursued by squadrons o'f Confederate cavalry. General Sutler hiis sought to avengc ti;: death of Colonel Dahlgren by sending a heavy cavalry force to King and Queen county to dea! with the citizens of the county, who, "though claiming to be non-combatants, au - bushed Colonel Dahlgren." A camp near Carroll ton's store, it is said, was captured by the Federal troops, a number of the Confede rates killed and some twenty taken prisoners. A large amount of grain in mills and store houses was al.so destroyed. Gen. Sherman, who recently went down to New Orleans to confer with General Banks, has been appointed to relieve General Grant General McPherson is to take the command vacated by General Sherman, The latest advices from New Orleans s'catr that transports are rapidly bringing back troom from Texas. The Natchez Courier of the 4th reports heavy firing heard up the iVashita Ri ver on Tuesday and Wednesday. Gen. Halleck's status it is said, is no longer a matter of doubt; he has reported to General Grant for orders, and was assigned to special duty in Washington. Generals Meade and In galis came to Washington with Gen. Grant from the Army of the Potomac,