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all the manufactories for shot, shell, fixed ammunition and cannon are at Macon, Augusta and Columbia. Half the power the rebels use is made near Augusta. If Beauregard attempts to intercept Sherman, or follow him, he must send his entire army, with all its paraphernalia, by rail from Corinth to Meridian. It must then march from Meridian to Montgomery, a distance of about two hundred miles, with only a short piece of railroad, with no means of transportation, running from Uniontown to Selma. By the time Beauregard reaches Macon, Sherman would be out of his reach. Thomas is watching G. P. T. B., and is being heavily reinforced (with new troops). In a week from now Thomas's army will have fifty-five thousand men, beside A. J. Smith, who is co-operating with an army of observation. The Cincinnati Times, on the question of subsistence, says: Sherman has been chiefly occupying his time in laying in a full supply of hard bread and beef cattle; and he has with him, of the