THE MILITARY SITUATION.

Timaru Herald, Volume II, Issue 63, 29 July 1865, Page 1 (Supplement)

THE MILITARY SITUATION.

The war must be considered to all intents and purposes at an end. The resources of the Southf are exhausted, and the surrender of Lee has* been at intervals followed, under various circumstances, by the surrender of nearly all the' Confederate generals. One incident deserves to be specially recorded. Sherman had entered inta an armistice with Johnston, and offeredf him more liberal terms than had been given to Lee. The government disapproved of the ar-' mistice, and ordered General Grant to cause the' armistice to he annulled and hostilities to be renewed. General Sherman met the lieutenantgeneral twenty miles from the front. The NewYork Herald says that Sherman received the order of disapproval with most commendable good grace : — " Immediately upon the receipt of this notice Johnston sent back a flag of truce, asking an interview with Sherman to arrange other terms ' of surrender, which was promptly made, upon 1 the basis of the terms given to General Lee." The force actually surrendered numbered 27,000 men, and included Generals Beauregard, Hardy, and Breckenridge, together with the Norfch and South Carolina and Gulf States' Militia.

Texas alone holds out, and declares that it is resolved to maintain the war. But nothing will come of isolated resistance. The North consider the military part of the business so completely finished that they have already reduced their expenses by one million of dollars a day. A harder task than that of fighting lies before thein — the settlement of the South. By what process of statesmanship that is to be accomplished remains to be seen.

In the meanwhile the vast crowds of soldiers disbanded by the North are seeking other outlets, and recruiting offices for Juarez have been publicly opened m New York. Thousands are daily flocking to Mexico, and it is supposed that the American government winks at a proceeding which is a direct violation of that neutrality which during the late war the North so loudly clamoured for. Much anxiety is- manifested t<y know what course France will take. The general impression is that she cannot avoid a declaration of war, if American sympathy for Mexico be not "put down" at once.

A telegram received this morning per the Scotia, via Crookhaven, dated New York, May 17, announces the capture of President JeffersonDavis. M. de Montholon, the French ambassador, has presented his credentials to PresidentJohnson, on which- occasion reciprocal expressions* of friendship took place. The emigration excitement has somewhat subsided.

The New York Herald is the chief authority for a series of statements that a scheme for a filibustering expedition ta Mexico is contemplated. The "Courrier des Etats Unis" expressly states- that Presideut Johnson will issue a proclamation against breaches of neutrality, and resolutely oppose any effort to take part m the Mexican troubles. General^ Rosecrans, m a • speech m Boston, denied a statement, which has • been extensively published, that he was organising an army of 25,000 men for the RepublicanMexican service, and denounced the Mexicanemigration project as a buccaneering expedition.