Sheridan follows up his work, and bids fair to disperse and annihilate Early's entire army. The effect of his successive victories has been a great fall in the price of gold, or an appreciation of paper currency. We are, I think, approaching the latter days of the Rebellion. The discomfiture of Early is likely to make Lee's continuance in Richmond uncomfortable, yet where can he go to make a more effectual stand? Some indications of a desire on the part of the authorities of Georgia to effect a restoration, are more than intimated, and a prevalent feeling of despondency is manifest throughout the Rebel region. An effective blow by Grant at Richmond or the retreat of the Rebel army will be the falling in of the crater.
SOURCE: Gideon Welles, Diary of Gideon Welles, Secretary of the Navy Under Lincoln and Johnson, Vol. 2: April 1, 1864 — December 31, 1866, p. 158
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