From the 2 March 1865 issue of The New York Times.

The Abandonment of Richmond.𔃉The Ruin of the Confederacy.

It would seem that JEFFERSON DAVIS and ROBERT E. LEE and the Confederate Congress have determined at last to try and effect their flight from Richmond. The Richmond papers of Monday discuss the matter with great emotion and force, and we know for a certainty that it was discussed a month ago in secret session of the rebel Congress.

A very powerful leading article on the subject appears in Monday’s issue of the Richmond Examiner, and will be found copied in another column of this day’s TIMES. From other of the Richmond journals we gather some of the facts which have called forth this vigorous protest. Monday’s Sentinel admits that the removal of guns and stores is going on, and endeavors to quiet the popular apprehensions. Monday’s Enquirer tells us that since SHERMAN’s last campaign was begun, the rebel “Senators and Representatives have one by one fled the Capital leaving the skeleton of the legislature rapidly diminishing to a number below a quorum.” And it seems to fear that even JEFF. DAVIS himself is giving way, for it adds: “Should the President waver and imitate Congressional example, there will be no difficulty in finding instances in history to illustrate his disgrace.” It is on a sentence uttered by DAVIS that the Examiner discourses—that celebrated sentence in which he asserted that “not the fall of Richmond, nor Wilmington, nor Charleston, nor Savannah, nor Mobile, nor of all combines, can affect the issue of the contest.” The same idea has lately been reiterated by DAVIS and enlarged upon by BENJAMMIN.

The Examiner sees clearly that this is a “fatal errorÝ—that the abandonment of the rebel capital is the death of the Confederacy. Its arguments are so definite, lucid, terse, logical and conclusive, that we cannot do better than signalize some of them in this place. It says:

The evacuation of Richmond would be the loss of all respect and authority toward the Confederate Government, the disintegration of the army, and the abandonment of the scheme of an independent Southern Confederation. The war would, after that, speedily degenerate into an irregular contest, in which passion would have more to do than purpose; which would have no other object than the mere defence or present safety of those immediately persisting in it. The hope of establishing a Confederacy and securing its recognition among nations, would be gone forever. The common sense of the country, the instinct of every man and woman in the land, contradicts the idea that any possibility of an independent South would remain after its capital was abandoned, its Government set adrift, and its army withdrawn into the solitudes of the interior.

These positions are enforced with great cogency of argument, and the moral value of Richmond is then stated by the Examiner thus:

It has become the symbol of the Confederacy. Its loss would be material ruin to the cause, and, in a moral point of view, absolutely destructive, crushing the heart and extinguishing the last hope of the country. Our armies would lose the incentive inspired by a great and worthy object of defence. Our military policy would be totally at sea; we should be without a hope or an object; without civil or military organization; without a treasury or a commissariat; without the means of keeping alive a wholesome and active public sentiment; without any of the appliances for supporting a cause depending upon the popular faith and enthusiasm; without the emblems or the semblance of nationality.

The Examiner next indicates, perhaps without due caution, what would be the line of the rebel retreat after the “withdrawal of the army from Richmond,” as well as what would assuredly be its fortunes. “As the army would dwindle in numbers,” it remarks, “it would move moreand more rapidly westward, and before reaching the banks of th Mississippi, would have degenerated into a mere body-guard for a few officials.”

From what is now transpiring, and from what is now said in Richmond, it seems not at all unlikely that we shall soon have the startling news of the flight of the rebel Government and army from its historic capital to some of the mountain peaks of the Alleghanies.