“All the diplomatists, with one exception, are of opinion the Union is broken for ever..,”—William Howard Russell’s Diary.

November 11th.—The United States have now, according to the returns, 600,000 infantry, 600 pieces of artillery, 61,000 cavalry in the field, and yet they are not only unable to crush the Confederates, but they cannot conquer the Secession ladies in their capital. The Southern people here trust in a break-down in the North before the screw can be turned to the utmost; and assert that the South does not want corn, wheat, leather, or food. Georgia makes cloth enough for all—the only deficiency will be in metal and materiel of war. When the North comes to discuss the question whether the war is to be against slavery or for the Union leaving slavery to take care of itself, they think a split will be inevitable. Then the pressure of taxes will force on a solution, for the State taxes already amount to 2 to 3 per cent., and the people will not bear the addition. The North has set out with the principle of paying for everything, the South with the principle of paying for nothing; but this will be reversed in time. All the diplomatists, with one exception, are of opinion the Union is broken for ever, and the independence of the South virtually established.