Signs of Rebellion’s Decline
The Rebel Congress has passed the bill to arm the negroes to fight for the Confederacy, but with a madness greater than that which led Pharaoh into the Red Sea, they do not promise them their freedom for so doing. It is not difficult to conjecture to which side they will lend their aid, that which has promised them their freedom, or that which is to perpetuate their slavery. But more than this, the rebel masters in North Carolina, are arming their slaves to resist the conscription of negroes into the rebel service. The vast amount of Southern territory which the Union armies have overrun, has liberated large amounts of cotton, enough to supply nearly the demand for foreign exchange. This about kills the gold market, and gold, from being in the vicinity of 300 as it was a few months ago, sinks to the remarkable figure of about 150. Confederate stocks in England are going down, and Union stocks going up. Somebody is losing confidence in the rebellion. All these things point in the right direction.