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the Rapidan and Rappahannock have been successively lost, and the Unionists have sustained a fresh series of demoralizing, though not disgraceful, defeats. Their conduct in the field redounds to their honor; but the end of the campaign is that Washington, instead of Richmond is beleaguered, and Maryland, instead of Virginia, exposed to invasion. It does not appear, indeed, that a single sore of Virginian soil is now held by Federal troops, except on the very brink of the Potomac itself, and evederates, and it is not unlikely that McClellan, who seems given to engineering, and who now commands at the capital may do better behind these fortifications than he did in an aggressive campaign. But a single glance at the map will show that Washington itself, with all its defences, may be turned by the Confederates. They have but to cross the Upper Potomac, which, as far as can be judged from the latest advices, is their intention, and they will find themselves in Maryland, the whole of whi