SEPTEMBER 3d.—Slight rain in the morning.
There is an ugly rumor on the streets to-day—disaster to Gen. Hood, and the fall of Atlanta. I cannot trace it to an authentic source; and, if true, the telegraph operatives must have divulged it.
A dispatch from Petersburg states that there is much cheering in Grant’s army for McClellan, the nominee of the Chicago Convention for the Presidency.
I think the resolutions of the convention amount to a defiance of President Lincoln, and that their ratification meetings will inaugurate civil war.
The President has called upon the Governor of Alabama for the entire militia of the State, to be mustered into the service for the defense of the States. It is dated September 1st, and will include all exempted by the Conscription Bureau as farmers. Every farm has its exempted or detailed man under bonds to supply meat, etc.
I incline to the belief that Hood has met with disaster at Atlanta. If so, every able-bodied man in that State will be hunted up for its defense, unless, indeed, the Union party should be revived there.
There will be a new clamor against the President, for removing Johnston, and for not putting Beauregard in his place.
But we may get aid from the North, from their civil dissensions. If Lincoln could precipitate 500,000 additional men upon us now, we should be compelled to give back at all points. But this he cannot do. And the convention at Chicago did not adjourn sine die, and may be called again at any time to exercise other functions than the mere nomination of candidates, etc.