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Grant's Designs.

Therein much speculation with regard to the future plans of Grant, whether he will cross the Pamunkey at Jericho and come directly upon Gen. Lee's front, or will keep on upon the old stage road, and pursue the route by Hanover Court House, which brings him to Richmond by the Meadow Bridge road, or whether he will still continue to incline to the left, until he shall have reached McClellan's old base at West Point, where he may hope to form a junction with Butler. We should think the last the most probable conjecture, did it not imply an acknowledgement of defeat, which the Convention to assemble at Baltimore on the 7th June, could not mistake, and afford to McClellan a triumph, which might be fatal to the pretensions alike of Lincoln and Grant. As it is, we think he will come straight on, either by the Telegraph road, or by the old stage road, or by both. Whatever he may determine on, we entertain no doubt whatever of his signal defeat whenever the next trial of arms may come on, which must be before the lapse of many days, in this belief, we are sustained by this whole community, who feel a deep and abiding confidence in the gallantry of our magnificent army, and the genius of the great Captain at their head.

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