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er, almost without hindrance; and we shall require pretty strong confirmation of the news of his retrogression before we can give if full credence. The fact is, we have every reason to believe that the enemy intend a vigorous campaign every where early in the spring. The favorable condition of the weather enabled them to begin it much earlier than they expected. The advance of Sherman was only the opening ball to the grand onward movement, which, in a few weeks, will be commenced all along the enemy's lines. The idea therefore, that Sherman will go back, and compel and Grierson to retrace their steps thus rendering 50,000 troops almost useless in this grand campaign, is unreasonable; and if our military authorities shape their destinies upon such a supposition, they will, we fear, make a fearful, if not a mistake. Let Shermun be closely watched. His operation is a precursor of what is to follow, and may furnish the key to the whole campaign, as contemplated by Gen Grant.