Gallipolis Journal

The rebel crisis, like the rebellion itself, is a paradox. A war without a treasury or a commissariat is quite as natural as a war for liberty to save slavery. The sum of the predicament is well told, as follows:

The rebel Secretary of Treasury Memminger, says that unless his proposed loan of a thousand million shall be taken up by April next, the dilapidated Southern Confederacy will tumble to pieces; the rebel Secretary of War, Seddon, says that unless the farmers within the realm of Jeff. Davis are made to disgorge their hoards the blessed Confederacy will die of starvation; the rebel Senator Wigfall says that unless they enforce the conscription of every white man capable of bearing arms their hard-up Confederacy will surely go to the dogs.

Thus, unless Mr. Memminger can raise more money than can be loaned or given; unless Mr. Seddon can obtain more provisions than he can get; and unless the Southern army can gain more men than is possible, the Confederacy will tumble to pieces, die of starvation, and go to the dogs.