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General Situation of Affairs.

Grant, persevering in the system he has been all along pursuing, having had fifteen or twenty thousand of his men put hors de combat at Cold Harbor, thinks he has lost enough for the present, and is moving on his left. His object is, no doubt, to reach James river; but we think it probable he will have to fight more than one bloody battle before he gets there. The impression was general yesterday that the had fallen back to the White House; but that was McClellan's bean, and it is not likely he will adopt it if he can avoid it.

The affair in the Valley, though annoying and distressing, will not have the slightest influence upon this campaign, which is to be decided here and not there. It was designed no doubt to cause a diversion, but it is not of magnitude sufficient to cause such a diversion as will influence the result here.--Even the destruction of the tunnel would not relax the hold of Lee upon Grant. The news, however, that Staunton had been captured made all the old women in trowsers croak like a concert of frogs yesterday. We have within the last three weeks fought eight or ten of the bloodiest battles on record, and come off victorious every time, and the people whose soldiers have done this are to be conquered, for so these interesting representatives of both sexes assure us, by seven or eight thousand Dutchmen capturing Staunton and destroying the public buildings and stores! We have no patience with such creatures.

Prisoners say that Grant has received forty thousand fresh troops from Ohio. We believe it to be a lie; but if it be true, they must be ninety days men. There are no veterans in Ohio. Grant's removal relieves our people of a great grievance. Like the unfeeling brute he is, he has allowed his killed and wounded to remain on the ground where they fell, until the stench from the putrid carcasses of the former had become almost unendurable. He would not send a flag of truce because that would be an acknowledgment of defeat! As if the fact of leaving his dead on the ground were not proof enough that he was beaten.

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