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The Daily Dispatch: May 5, 1864., [Electronic resource] 1 1 Browse Search
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he directing mind of the Union armies. The prestige of Gen. Lee., and his veteran army has become the last hope and the last reliance of Jeff. Davis and his followers. In the present exhausted condition of the rebellions States, with all their able-bodied men in the field, and with all their scanty materials of subsistence subject to forced contributions, the moral effect of the defeat of Lee will be a speedy collapse of the rebellion. On the other hand while a victory over Gen. Grant, in Virginia, may revive the sinking fortunes of Davis, nothing else will save him beyond the summer's campaign. Hence we cannot doubt that he has resolved to stake his Confederacy upon the defence of Richmond, and that his struggle to maintain it will be the most desperate and sanguinary of all the struggles of the war. We are entirely satisfied that this is the estimate which Gen. Grant has made of this Virginia campaign; that he does not underrate the enemy's strength and their desperate e