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nfederates?" The Gazette must be sadly ignorant of "the situation," and of the capacities of the South when it treats as problematical the existence of the Confederacy for another year. We are stronger now than we were a year ago; glorious harvests; the currency improving; the tax bill bidding fair to yield an enormous revenue; our armies increasing every day in numbers and efficiency; our whole population, independent of the army, about to be organized into an embattled host. When therefore the Gazette speaks of Richmond as a caput mortum, it is as much out of its reckoning as the Spanish General who confidently predicted its capture by McClellan, and, even if it were taken, nothing but the brick and mortal it is built of would be lost to the Southern Confederacy. "Another year gained" may help the Confederacy through! If that is all that is necessary, we are safe enough. The Southern Confederacy will outlive the Army and Navy Gazette, and exist as long as Great Britain itself.