24 AUGUST 1861, Page 1

The American War is no nearer to a conclusion; General

McClellan is reorganizing his army as well as he can, but so is General Beaure- gard, and the latter has two points greatly in his favour : his men are in camp, and not in a city ; and his officers hold their tongues. Encamped in a post like Manassas, with the nearest grog-shop twenty miles in his rear, the power of daily drill, and no newspaper corre- spondents to protest against military executions, his army ought in two months to be an army of regular troops, fit to assume the offensive against the capital.