The Second Manassas.

Yorktown is our second Manasas, only slightly less so. It has been in process of desertion some days — so it is reported — but our great master of strategy didn't discover it until the rebels were gone. His plans for the capture of the place were so intricate and formidable that the next three weeks were to be employed in approximating to a development, when lo! the rebels up and run — to make a stand near Richmond and to fight there.

But it is a substantial victory, nevertheless, and we are glad that the rebels thus acknowledge that they cannot cope with McClellan when he can choose his time. But, then, if besides his other good qualities he could manage to catch a rebel army occasionally instead of merely driving it before him, it would show his strategy in a stronger light.