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lunder egregiously, and is in great danger of blundering simply because it hears only one side of the story; and whilst it sees the preparations for assault, knows nothing of the resources for defence. If the British Army and Navy Gazette had been published during the war of the Revolution, it would, at a certain gloomy period of that struggle, have pronounced the defeat of the Americans inevitable, and with much better reason than it now prophecies the downfall of the South. Even Gen. Washington was very much of the same opinion, for he declared that, if the army were not recruited, the game was nearly up. Even the Army and Navy Gazette admits that we have one chance — if Gen. Lee is now able to rout the Army of the Potomac, "another year will be gained, and with it, who knows what gain may be obtained for the Confederates?" 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