JULY 4th.—Lee does not follow up his blows on the whipped enemy, and some sage critics censure him for it. But he knows that the fatal blow has been dealt this “grand army” of the North. The serpent has been killed, though its tail still exhibits some spasmodic motions. It will die, so far as the Peninsula is concerned, after sunset, or when it thunders.
The commanding general neither sleeps nor slumbers. Already the process of reorganizing Jackson’s corps has been commenced for a blow at or near the enemy’s capital. Let Lincoln beware the hour of retribution.
The enemy’s losses in the seven days’ battles around Richmond, in killed, wounded, sick, and desertions, are estimated at 50,000 men, and their losses in cannon, stores, etc., at some $50,000,000. Their own papers say the work is to be begun anew, and subjugation is put off six months, which is equivalent to a loss of $500,000,000 inflicted by Lee’s victory.
By their emancipation and confiscation measures, the Yankees have made this a war of extermination, and added new zeal and resolution to our brave defenders. All hope of a reconstruction of the Union is relinquished by the few, comparatively, in the South, who still clung to the delusion. It is well. If the enemy had pursued a different course we should never have had the same unanimity. If they had made war only on men in arms, and spared private property, according to the usages of civilized nations, there would, at least, have been a neutral party in the South, and never the same energy and determination to contest the last inch of soil with the cruel invader. Now they will find that 3,000,000 of troops cannot subjugate us, and if subjugated, that a standing army of half a million would be required to keep us in subjection.