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Judging from individual cases, and from the spirit animating the "sympathizers" on the hither side of the border, I feel sure that the bitter determination of the South to hold out to the last man and the last ounce of corn-bread, has not been in the least overstated; but as to the aspect of chances, or as to the actual loss or gain achieved by either side up to this moment, I am no more qualified to speak, than any careful student of the war-chronicles.
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