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Gen. Bragg's operations.

From the remarkable consistency which the three reports published by us yesterday exhibit, there seems to be a strong probability that the telegram of Wednesday, published on Thursday, was substantially correct, and that our forces under Gen. Bragg have indeed gained a great victory over the forces of Buell at Perryville. There is nothing, indeed, in any of the Northern papers to contradict it, except the dispatch of Buell, which seems force for only to the battle of the first day. The Louisville Journal, it is true, says, on the that Bragg was defeated; but, besides that it is the most unreliable of all newspaper on the continent, its claims of victory are presented in very subdued tones. We hear none of those loud shouts of triumph which that paper and the rest of the Yankee press are went to pour forth when their armies escape absolute rout. We conclude, therefore, that they are beaten, and we construe their failure to claim an overwhelming victory into an acknowledgment of a great defeat. In point of fact, one of their papers, the Cincinnati Commercial, confesses that Buell has been beaten, and driven across the Kentucky river. If so, his defeat must have been a very serious one, for his line of retreat leaves the road to Louisville entirely open to Bragg. Whether he was forced out of his natural line of retreat upon Louisville, which is his base of operations, by our army, or chose to put the Kentucky between him and his paraders, in order that be might fall back on Cincinnati, does not appear. But at any rate, he would seem to be cut off from Louisville. The Kentucky is a limestone river, flowing all the way through one of the most thoroughly limestone countries in the world. It can be passed anywhere above Quaker's Ferry, the head of steamboat navigation, almost dry-shod, at this season of the year, and in such a drought as we have had. It will consequently form no barrier to the operations of either army.

If Gen. Bragg has been as signally victorious as we hope and believe he has, it will have been, probably, the most important event of the war. It will throw the whole State of Kentucky into the arms of the Confederacy, and will free Tennessee, and eventually Mississippi. It will give new life and vigor to our cause everywhere.

We think it very certain that the price of gold would not have advanced so rapidly had not the Yankees sustained a terrible reverse in Kentucky.

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