The New York herald. [volume], May 07, 1862, Page 6, Image 6

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NEW YORK HERALD.
jaj1ks GORDON uknnktt,
editor and pk0pr1et0b.
omcem w CORNER OF PULTON and NASSAU STS.
TERMS cash madranre. Money*?mt by mail will be at the,
nJny the kendtr None but Bank billg current in Ntto York
vft|eoh
THIS DAILY t'KHALD. tico rente per coptf. $7 per annum.
THE WKKKLY H KHALI), rttery Satunbiy, at eix rente per
bu/^. or $3 per annultj, the European K>1 r,m retry W"lnr* lay,
jtl .a mt* p*r ropy, w;"t annum to any /?rt or Great Uritain,
?> <6 12 inau f<ax ? (v- Ointment. froth to include porta#* the
Ciil ,fomia Bauitm on the lit, 1 if a uwt 21./ o' each month, at nix
trnU fxr 'Ipv, or il 7i tier annum
TUB FAMILY HKftALD, on Wedneeilay, at jour rente per
???. or Si ver am, nil..
TOLL'STAR Y OOHMMSPOlUDKlfCK, containing important
mews, eolirited f <nn ,*<>> quartet or the teorld; ij unci, trill be
lit* oily yoft (nr. kjtuuk korkium corumro.ndkbt* ark
Paktu'ulakl* rkyl?t?p TO SkAL ALL lhttfcbs and i'lck
aub ?k?v u*. ,
yu NOTHS token o, i?>nymoue correqxmdem*. hv do not
feHtm r'iert"i cimuntmiwtlpn*.
ad vMi rr.-utM A'.v 7".S >r*eirr<l eaary day: ailrertis^ments tw
?di-tarf in/*'? Wkrblt huu.d, kabily Hbrai.d, a ml in the
Caluornfi am' Km-pean A.' uiom.
JOB PKIVTING eMcn!c,\tcilh nmtneet, heapnee* and dett
patch.
Volume XXVII Ho. 193
amusembmtb qhi8 bvbninq.
huo't GARDE*. braaaraf-.?tm Ei?cha!?tb?s*.
vu7u GARDEN. amd jnin
viluct'l theatre. '?m brmhmr.-tiu lots
lade A KBKNB?8 tokaths. blm4waf>-B?aso? AND
fu.n.
1
NEW bowebt theatre, Sowory. Deb preis
cbutz?^jkrkx SIT?sukr*!,#,
OLYMPIC THEATRE, 4Si nl^ay.?people's Law
tkt?krouo ' or TUB km BIBS?strribb.
BARN un'S american ml'?:jm. Broadway.?co*.
jit'it? lirijiii wbalb, Ac , a; ki huura.?t lowebs or
tun f'um.r, afternuou fcoj eteuinj
BRYANTS* minstrels. macha^* Hill.?173 Broad
Way.?iwugkd i'aia. \
Canterbury music halu ? broadway-so*:?,
dabcbs, hublemoej. to.
PEOPLE'S MUSIC HALL, 45 bowty.?sojros, Dax si,
bsaumves, *c.
koyelty music HALL, 616 broiway Ixstrcbes
*al CONCERT.
PARISIAN cabinet op wonder: 863 Broadway.
?pen daily lrorn 10 A. M. till 9 P M.
TRIPLE SHEET.!
H?w York, Wednesday, M??, 1863.
THE SITUATlOl,
The despatches from the Army of t Potomac
are now very anxiously looked for, t| greedily
devoured as soon as received. UeneraifcClellan
reports that on his arrival before Williagburg he
found that Joe Johnston, the rebel geral, was
3a of him with a strong fie?pro
fcably orach larger than hia own. He al states
that the rebels intend disputing everyto
Bichmond. He, however, intends to re^e his
original plans, which have been somewhfater
fered.with, bat in the meantime wSl run % risk
mt holding tha rebela in check. The proepe* are
that the battle here will be a bloody one, amrith
regard to the forces engaged and the results be
determined will be of more importance ^bai^oy
like contest since the days of the elder Napoon
A battle has taken place near Williamsburg,ad
? brilliant victory has been achieved by qr
forces. General McClellan'B despatch, whiclig
op to ten o'clock on Monday night, reports as>l
lews:?Gen. Hancock has taken two redoubts td
repulsed Early's brigade by a charge with ve
bayonet, taking one Colonel and one hundred *d<
ttty prisoners, and killing at least two Colonels ad
many privates. His conduct was brilliant in te
extreme. I do not know onr exact loss, but feu- thit
General Hooker has lost considerably on on left."
The detailed accounts of the fight, and thesletchee
of the military lives of the two Generals Till tfe
found of great interest by our readers. ?
The Union gunboat* have been up the rver as
frr aa West Point, and have reported tin river
Blear of obstructions. They captured teveral
febel transports on their way, and destroyed
sther*. Doubtless, by this time, the forces under
General Franklin havo reached their destination,
and will soon be, if tbey are not now, actively en
gaged with the enemy. %
The despatch received from Fredericksburg
lives a denial to the stock jobbing reports thit
lircakted through Wall street yesterday, to the
rffret tfaat funeral McDowell was in Richmond.
By that telegram it would appear that his troops
ftre now about for the. rirst time to take mili
T
tarjr pos*e?stoa of the former city, and
?onsequently have not ytrt moved very far in ad
vance of that position. The *ag of the Union now
lermanently wares once more over the public
wildings of Frcdericksburg.
General Steele reports that there are but few
?ebels in that part of Arkansas where he now is.,
u>d gives hopes of their speedy capture.
The rebel marauder Morgan, with a force Of
tbout one thousand cavalry, attacked a small body
if Union troops at Pulaski, Tennessee, on Friday
ast. and after a fight of two hours and a half,
luring which the rebels lost six killed and two
founded, and our troops lost two killed, three
rounded and one mining, the whole force wan
?ken prisoners. The prisoner* were released on
larole and are now in Nashville. The rebels out
lumbered our forces four u? one.
On Monday morning Geueral Dumont, who had
ent a strong cavalry in pursuit, foi^nd and attack
M the united rebel cavalry under Morgan and
Vood, at I?ebanon. and utterly routed them, afw
tilling a great number, rapturing one hundred
ad fifty prisoners and nearly ull their horses and
jms. The fight lasted an hour and a half,
md the rebels fled, closely pursued by Genera!
tamont.
A report is current in Chicago that Corintli
?a been evacuated by the rebels, and that our
oroas are in possession of the place. One re*
port states that General Pope's army occupied the
?bel works on Sunday last.
Jeff. Thompson is ?aid to be prowling about in
Jfastern Kentucky, with one thousand mounted
Mlowers, committing depredations and alarming
Bm quiet country people for their persona) safety.
Be ii reported to have met a company of the Ne
)riikl cavalry and scattered them in all directions.
i The naws from Port Royal is to tbe 3d instant,
fhe United State* gunboat Hale attacked and cap
tared tha rebel battery at the junction of the
Daboo and Pow Pow rirers. The rebels fled as
loon M the gunboats came within three hundred
yards.
Our European ad rices by the Edinbnrg and
0anm contain some interesting matter rela
te to the position of American nfTtirs abroad.
The Parii vorrfpyttUeat of the London Adur.
finer asserts (hat the Emperor Napoleon had as
sured Mr. Slidell that >[ the struggle in the United
States did not terminate in six months his govern
ment, with tint of England, would feel bound to
interfere.
The spread of destitution among the cotton spin
ners and other "mill hands" of England, in conse
quence of the closing of some manufactories, and
the "short time" economy of the capitalists, was
becoming w.der in its range, and more aggra
vated in its character every day. It was quite
evident that the government and aristocracy were
sorely puzzled to know what to do with the "fear
ful mass" of pauperism?as the London Time*
terms it?which stands behind the unemployed
heads of families. The savings, credit and, in
many instances, household property of most of
them had disappeared, and they had no alterna*
tive but the workhouse or pauper emigration, pro
vided cotton could not be had from the United
States more abundantly.
A vessel hap arrived at Liverpool frem Nassau,
N. P., with apta* ca*f o of the staple.
The exigencies of the case, combined with this
encouragement, cassed seme persons to openly;
embark in t|e venture of Attfeg out steamers at
tfull and ^ther- places, with the intention ef
despatching them against the blockade at Charles
ton. We have the particulars of three cases of
this description?the Hero, a large Baltic trader?
having sailed already on her mission.
The recapture of the British ship Emilie St.
Pierre from an American prize crew, by her Eng*
lish captain, and her arrival in Liverpool, with the
federal seamen in irons, caused quite a sensation
in the commercial world. The St. Pierre was
from Calcutta, and was taken by the Union
gteamer James Adger, off Charleston. She was
being navigated to Philadelphia by a prize crew,
when her commander?a Scotchman?although
having only four men at his disposal, disarmed,
ironed and confined in the hold sixteen of our men,
took control of the vessel, and ran her to Liver
pool?completing a romantic incident of the war in
a fortunate manner both for himself and his em
ployers.
The London Times announces the termination
of its special correspondence from the army of the
Potomac, and endeavors to cover the retreat of
"Bull Run" Russell from the United States. It
alleges that Russell was very popular with all par
ties?General McClellan, the Union army, and the
rebels; but that the Washington Cabinet feared
his "independent" criticism, and the President
sent him away. The Tunes claims that the late
' pfophet enjoys a world-wide credence as a '-his
torian."
C0HGBE8B.
. In the Senate yesterday, a resolution caning for
fdl the official reports relative to the battle at
Pittsburg Landing, was laid over. The Homestead
; bill #aa taken np, and passed by a vote of thirty
three to seven. The bill incorporating the Wash
ington and Georgetown Railroad Company was
briefly discussed. The debate on the Confiscation
bill was then resumed, and finally the subject was
referred to a select committee. The Finance
Committee reported the Internal Tax bill, and it
was ordered to be printed. After an executive
session the Senate adjourned.
In the House of Representatives, a bill was re
ported appropriating $2,500 indemnity to the offi
cers and erew of the Spanish bark Providencia, il
legally detained by the blockading squadron. A
bill to punish frauds on the government by fine
and imprisonment was referred to the Judiciary
Committee. A resolution directing the steps to be
taken for the impeachment of West H. Humphreys,
Judge of the United States Courts for Tennessee,
for high crimca and misdemeanors, was adopted.
The Pacific Railroad bill was passed by a vote of
seventy-nine to forty-nine. Mr. Scgar was admit
ted a member from the First district of Virginia,
and took his seat. A resolution declaring F. W.
Lowe not entitled to represent California, was
adopted. The Nebraska contested election was
diseased till the adjournment.
MISCELLANEOUS NEWS.
The steamship Ediaburg, from Liverpool on
the 2*d and Qneenatown the 24th of April, arrived
At thia port yesterday evening, bringing over five
hundred pawengew. Her news is one day later
than the report of the HaaomooiA, which was pub
lished in the Heralo yesterday morning. Onr
special correspondence from London, Paris, Ber
lin and tfca port of Lisboa, with the compilation
from our flies by the Hammonia and Bdinbnrg
given in oar paper to-day, make np a most inte
resting history of the important events transpiring
,n the chief countriea of the Old World to the
latest moment.
The Liverpool cotton market, on the '.'4th ultimo,
closed firm, with prices unchanged. Kight thousand
bales changed hands. Breadstuff* were quiet and
steady. Provisions were very dull. In London, on
the 24th ultimo, consols closed at r?3% a 94 for
money and account. American stocks were dull.
A French squadron wus to sail from Toulon
direct for Naples on the 26th of April. The light
ing between the Turk* and Montenegrina still con
tinued. It is said that Austria is preparing to re
duce her army to a great extent.
We have news from South America dated at
Buenos Ayres the 14th and Hto Janeiro the 26th of
March. The Legislature of Buenos Ayres had
finally approved of the project authorizing the
convocation of a national C ongress, empowered
to reorganize tl e government ot the republic and
appoint a place lor the reunion of the State*. The
English and Fiench Ministers in Montevideo pre
sented an uliimatum to the Executive respecting
the payment of the claims of both governments, j
The united debts amounting to four millions of I
dollars must be liquidated in thirty years, the
bond* b?-anntj five per cent interest. There is no
thing important from Rio Janeiro.
The United State* transport Daniel Webster,
from Shipping Point, with one hundred and eighty
invalids und sick from General McClellan's army
at Yorktown, in charge of Dra. Crimes and Smith,
of the United States Sanitary Board, arrived at
this port yesterday.
The American ship Soreamer, from the Cape of
Good Hope March 4, pat into Plymouth, England, 1
April 23. Her news ia ten days later than that
brought by the last mail steamer. Lung sickness
had broken out badly in Hamaguland. Sir Walter
Currie had been successful in his negotiations
with the chief Krell, the latter having accepted
the offer of being taken under British protection.
General Fremont, with hia wife, his daughter
and son. and the members of hia staff, left Wheel
ing on the 3d inst., in a special train of three cars,
for New Creek station, en route, it is supposed, for
Monterey, in Highland county, Virginia.
Samuel S. Mills and Thomas 8. Piggot, former
ly editors of a rebel newspaper in Baltimore, called
the South, have been released from Fort McHenry,
on their good behavior.
The febel papers in Western Virginia, which
stimulated and hounded on work of disunion
the breaking out of this God forsaken rebellion,
were the Wheeling Union, Parkersburg Neics,
Clarksville Register, Fairmount Virginian and
Philippi Jeffersonitui. Now where are they?
The Erie canal is represented as now being in
good navigable condition. Twenty boat# were
launched at Rochester on the 2d inst., and a num
ber of the largest class are yet on the stocks,
nearly ready.
Mr. John liilmary Shea, a well known historian'
appeared before the New Yort Historical Society
last evening, and read a paper on "The Negro
Plot in 1741," to a very large and intelligent as"
semblage, in which the reader was frequently in
terrupted with well merited applause.
The election campaign for the October canvass
has fairly opened in Indiana, and Jesse D. Bright,
who was expelled from the United Stutes Senate
for alleged complicity with Jeff. Davis in his work
of rebellion, is already in the field with his seces
sion sympathizing ticket for State officers. The
ticket thus put forward ia composed of the follow
ing names:?
Secretary of State?James S. Anthoa.
Treasurer?Mat hew L. Brett.
J Auditor?Jo??|ih Rutin*.
Allot ney Om^ral (>ecar 1. Hard.
Suferimttmitml 1'uUic InnituHimi Www?I L.Ruf*
I For the tetter office the Convention hadaomi
. nated Milton B. Hopkins; but, as the company into
which he had thus been throat did not wut his
taote,hfr withdrew, his name, aod a substitute was
provided. The object of-Mr. Height ia t# en
deavor to keep np the organization of the secession
dcmocMcy, and k possible to aeonre a majority in
the next Legislature, in order that he may regain
his seat in the United States Senate. But it re
quires no sagacity to see that he will bo doomed
to disappointment. Hundreds of the old line de
mocracy have already forsaken his standard, and a
large number of the democratic journals in the
State refuse absolutely to support the ticket. A
Union Convention has been called, to meet at In.
dianapolis on the I8th of June, and this gathering
will embrace all the conservative men of both par
ties, who will shape their course in such a satis
factory manner as to eventually leave the Bright
secessionists and abolitionists high and dry upon
the bank together.
Mr. F. Byrne, associated with Mr. J. T. Brady,
yesterday sued out a writ of habeas corpus for
John W. Butler, proprietor of the American Hall,
444 Broadway, and his barkeeper, both charged
under the "Saloon act." The accused preferred
remaining in custody, in order to test the question
of the constitutionality of the law, which will be
argued before Recorder Hoffman in a few days.
The case of Haynes, first mate of the slaver
Nightingale, was commenced yesterday. It is the
same voyage as that for which Westervelt was
tried, and in which the jnry could not agree. A
large number of jurors were excused, on the
ground that they could not conscientiously find a
vcrdict of guilty in any case where the punishment
was death, unless for the crime of murder.
The Board of Supervisors met yesterday, when
the Commissioners of Harlem Bridge sent in a bill,
amounting to $4,569 01, for expenses incurred in
constructing Harlem Bridge. The salaries of the
Commissioners' chief and assistant engineers, Ac.,
for the last month, amounted to *2,060 33, and the
laborers'jfcry roll for the same time amounted to
1336 18. The Comptroller submitted a tabular
statement of the total expenditures on county
account, incLadmg the Stato taxes and support of
the MeirepoHts? police to the 30th alt. The ex
penditures amounted to $1*358,290 4S, leaving a
balance of $3,697,911 49 unexpended. The Board
confirmed the appointment of Mr. James M. Mac
gregor for the oflice of Superintendent of Buildings.
The bill for Coroners' services for the quarter
ending on March 31, amounting to $4,047 87, was
ordered to be paid. The Board then adjourned
until Tuesday, the 20th inst.
The annual sermon before the New York Uni
versalist Association was preached last evening
by the Rev. Dr. Flanders, in the church corner
of Bleecker and Downing streets. His text
was taken from the 4th chapter of St. John's
Uospel and the 35th verse. The discourse was
entirely of a religious nature. It was intended to
show that during no time in the world's history
has the influence of religion been so slight and eo
little felt as at the present: and he closcd with an
eloquent exhortation for his hearers to beeome
earnest workers in the work of redemption. The
business meeting of the association will be held at
haif-paat nine o'clock this morning, in the base
ment of the same building. The Sanday school
anniversary exercises will take place at three
o'olock this afternoon, in the Rev. Dr. Chapin's
church, on Broadway.
The stock market was again vary active yesterday,
and the prices of some of the Western shares were
higher. The chief favorites were Roek Island, Toledo,
IIIiaols Central, Galeae sod Erie. Goveraments were
unchanged. Exchange wae dull at 114; gold lower, clos'
ing at 102ft a 1C2*;. Money was abundaot at 4 a 6"
(ha export ef produce fer the week was $1,931,209.
The cotton market was qoiet yeeterdsy. 3he selee in
small leu did net exceed 100 halee, scarcely sufficient to
make a market. The transections, however, w?re based
upon middling uplands at about 27c. a 27ytc. Thu re
reiptsof flour were larger, and the market wae heavy '
sad lower, having .closed at a decline of 6c. a 10c. per
bbl. Wheat was heavy and rather lower, with limited
tales. Corn was in fair request, with sales of Western
mixed, at 56c. a 67c. in store, anUat67Hc.aS8c.de.
livered. Pork was hlghtr and mora active with free
sales on the spot,at $13 for mess., and 600 bbls., for
.(one delivery, were sold at the sams Qgure. Prime was
selling at $10 a $10 36. Sugars were firmly held, which
tenfled to chock sales, which embraced about 300 hbds.
Cubasatfull prices. CofTeo was quiet and no sales of
moment were reported. The stock embraced 125.111
bags of Rio, and 136,482 mala and bags of all descriptions.
Freights were firmer. Hour was taken to Liverpool a1
Jf. 4i?d. a 2.'. 6d., corn in bulk at 7>?d.,and wheat a1
3d a8';d. and provisions at 25s. a 27s. 6d., and flou^
to London at 2s. 4>*d., with provisions at full prevlou
rates.
The Emancipation Question Solving Itmlp,?
Among our Washington despatches will be
found a communication from a correspondent
who has recently visited Manassas, and who
describes the contrabands as pouring down
there m shoals from the rear of Banks' and
McDowell's columns, from sheer inability of
their masters to keep or feed them. If this
state of things continues, and the rebels perse
vere with the war, the emancipation questipn
will not be as long of solution as President
Lincoln's measure contemplated. The ad
vance of the Union armies will not only clear
the border, but the cottonStates, of their entire
slave population. The extremists North and
South bad better take heed in time of this dan
ger. Unless they speedily come to terms the
war will pinch both of them in a way that they
have not bargained for.
A Lemon in the Art or War.?We notice
that General McClellan hM determined to make
his rebel prisoner* pick up the torpedoes and
loaded sheila distributed about the rebel forti
fications at Yorktown and along the road to
Williamsburg, fhis ia as excellent idea, and
we shall be glad to karc it strictly carried out.
Already we have lost eight or ten brave Union
soldiers by this cowardly and treacherous de
vice of the rebels, of putting man traps about
their deserted fortifications, and we think itv
about time that they should be hoist with their
own petards. Perhaps If a few rebels are
blown to pieces with those concealed torpedoes
w? (>hall be able to infuse aome idea of the pro
prieties and humanities of war into those
traitors who run like sheep bpfora our brave
troops, and wr*? ik their weak revenge by settiug
CiiwariUy trays Lu cleat,ra* the uawar??
Fsnatirttl Exceiaei, North and Soull*.
Considerable alarm is expressed in some
quarters lost the destruction of cotton and
tobacco, which has been qrderod by the rebel
authorities wherever we have obtained advan
tages over them, should become general, and
thus deprive the world of their supplies of those
necessary staples for a couple of years to come.
No fears should be entertained on this head.
The orders thus given will be but very par
tially acted upon. They will be treated with
about as much respect as the silly letter pub
lished some little while ago by Cobb, Toombs
and two or three other crazy rebels, advising
the Southern people to burn their towns and
dwellings sooner than allow the Yankees to
take possession of them. Inflamed by bad
whiskey, and maddened by disappointment, the
men who have dragged the South into this
slough of despond are capable of urging upon
its people the most frantic excesses; but,
although the latter have allowed themselves to
be dragooned into the war, they are not
demented to this suicidal point. It should
be recollected that the aaooant *f cot
tan and tobacco burned on the coast
bears but a small fractional proportion
to the aggregate stock oa hand of both. What
ever could be removed into the interior baa ;
been, in every instance, immediately seal there
on the approach of the federal forces, and the
general collapse of the rebellion will find it
untouched. To assume that the planters and
other holders of these staples will act on the
incendiary recommendations of men who aro
vested with an authority of such short probable
duration, who have no property themselves to
lose, and who are prepared to run away and de
sert them at the first convenient opportunity,
is contrary to all experience of human nature.
We have seen how the efforts to burn the towns
about to fall into our possession have been re
sisted in almost every instance by the inhabi
tant The same conservative spirit will be
exhibited by the planters, once they are as
sured of protection from the drunkards and
tyrants who now hold the fate of their property
in their hands.
But whilst we charge these excesses to the
account of the misguided men who have already
so much to answer for, let us not shut our eyes
to the fanaticism of those on our side who, at a
time which calls for so much forbearance, are
doing all they can to exasperate to the highest
pitch the biter feelings that the war has pro
voked. The conduct of Senator Wade's com
mittee, in publishing their report on the
barbarities said to have been committed on
our wounded and dead t>y the rebels after the
battle of Manassas, is inexcusable. It can serve
no purpose but to inflame still further the ran
cor that exists between the two sections,
whilst in other respects it is equally contrary to
good policy. Admitting that-tfco statements-? !
the report are true, what object do the com- I
mittee propose to tbemscl vegbygWftgtfcem to
the wovld? Are they so blinded by then* hos
tility against the SontS as not to see that what
reflects on the. civilization and humanity of its
people may also be taken to reflect en our
selves? People abroad will not stop to draw
the distinction, and will set down to the account
of democracy the excesses of a few fanatics
drunk with the fury of an insane hatred. Have
we no minds among us similarly diseased, and
who, for the sake of an abstract idea, would
see thousands upon thousands of lives sacri
ficed?nay, humanity itself perish?rather than
forego for a moment the gratification of their
infuriate passions? Let us remember that this
unnatural war is not going to last forever, and
that we shall, North and South,again fraternize
as one people. Out of its bitterness and its
resentments let us try only to preserve the
memory of the gallantry and soldierlike quali
ties that mutually distinguished us. At all
events, whatever wo may think of each other,
let us not fitrnish those against whom, by and
bye, we may be conjointly called upon to take
up arms, with reproaches so foul against our
good name as a people.
Abolition Attacks on Ocr Generals.?The
brilliant success of our armies in every quarter
sorely afflicts the abolitionists of the Sumner
and Lovejoy scheol. They see in the success
that has attended the labors of our generals
the speedy crushing out of the rebellion, and
the restoration of the Union on its former basis.
Here is where the shoo pinches, and the cause
of all the bluster of the abolitionists in and out
of Congress, and tl%ir continuous attacks upon
the generals, nearly all of whom are constitu
tional Union men. and therefore labor for the
speedy and effectual crushiag out of the rebel
lion, letting slavery to take care of itself. Our
generals and two-thirds of the army being con
servative men, the abolitionists are unable to
use them to carry out their grand theory of
negro equality. Hence their ravings in Con
gress and elsewhere.
From present indications there is every rea
son to believe that the rebellion will be soon
brought to an end. and the Union restored on a
constitutional basis, leaving with the several
States to take care of slavery as it best affects
their interests, by accepting or rejecting the
emancipation policy of the President. This
does not commit the President to the protection
of slavery; it does not commit the North or
the Union armies or generals to ? slavery
policy, but leaves it where it belongs?with the
States affected by it, as thsy and their interests
may determine.
Stock Speculations in Waix Street.?There
has been a regular rush for stocks in Wall
street during the last few days, resulting in a
general rise of everything bearing that name.
While the stockjobbers and brokers are having
a high time purchasing on a rise, the proprie
tors of the stockjobbing journals of this city
havo gone to Virginia to ascertain the
prospects of crushing out the rebellion and the
consequent additional inflation of stocks. No
doubt these managers and proprietors of the
stockjobbing newspapers have been sending
home private advice to their accomplices in
Wall street, and, like Bull Run Russeil, have
been urging them for several days past to act
m though they had heard "good news."
| stockjobwno Journalism.?Already the stock
jobbing journals are beginning to show the
cloven foot. Some time ago such papers as
the imbecile Times tried to write down stocks
by making cowardly predictions of our defeats.
Now, having secured a full supply of stocks at
a low price, they try to get up a great sensa
tion upon the old news about Mercier's visit to
Richmond, the motive of which was disclosed
in the Herald three weeks ago, and they hope
thus to influence the stock market. It is
trouble wasted, however; for the stock market
is buoyant enough, and our victories will keep
i UjMt.
TMe Bogus Enterprise off th? Blew York
Time*.
It used to be a favorite dodge of swindlers
and pickpockets to roundly abiue a man after
robbing him, in order to convince any stray
polieeman who might be in the neighborhood
that their victim was a ruffianly scoundrel, and
that they, being gentlemen of exemplary virtue>
had felt it their duty to knock him down and
give him into custody for an attempt at rob
bery and assault. The "Little Villain" of the
Times, who is perfectly well posted in all the
tricks of the Knights of the Pave, has adopted
this same device to cover up his newspaper
thefts and swindles. It is his ordinary prac
tice first to steal our news and our opinions,
and then to attack and berate us, with a great
show of virtuons indignation, as if we had been
guilty of the very errors of which we had just
convicted him. An extraordinary instance of
this brazen effrontery may be found in the com
ments in yesterday's Times upon M. Mercier's
visit to Richmond.
The ne*w8 that M. Mercier had gone to Rich
mend wes published in the Hjcbaj-d of April
16. The next day, April 17, commenting
editorially upon this news, we disclosed the
aobent* of Napoleon to ally himself with this
country against England, and then explicitly
stated:?'-Now, the object of the visit of Mercier
{s to tell Jeff. Davis and his Cabinet that they
must submit at once; that if they do not France
will take part with the North, and settle the
affair very soon. But if the Southern leadere
will lay down their arms the Emperor of the
French will interpose to save their necks. This
reasoning will probably be successful." Two
days after, on the 19th of April, we devoted an
editorial to M. Mercier's mission, remarked
upon the curious interest it had excited, ex"
posed the fallacy of the various rumors
of its connection with cotton or to
bacco, and then proceeded to say:?
"We adhere to our theory that M. Mercier, from
the Emperor Napoleon, has gone to Richmond
as a peacemaker. We are very much strength
ened in this opinion by the fact, which has come
into our possession, that before leaving Wash
ington on this mysterious enterprise M. Mercier
was closeted for two hours or more with Mr.
Seward, our Secretary of State. We dare say
that from this conversation the French Minister
went away entirely satisfied that the govern
ment of the United States intends, in any event
and against all difficulties, internal and exter
nal, to prosecute this war to the complete resto
ration of the territorial 'integrity of the Union;'
and we presume, too, that M. Mercior has for
some time been convinced that the Southern
confederacy of Jeff. Davis is a failure, and is
rapidly fading away, like a castle in the clouds.
That Louis Napoleon has lately come to this
conclusion we have every, reason to believe;
and we know that the. conclusions and the ac
tionaof Louis Napoleon are very apt to go to
gather. When he divines the drift of passing
events in other nations be proceeds to meet
them, as the vigilant guardian of France.
Hence it is our belief that M. Mercier has gone
to Richmond as a peacemaker; that his busi
ness is to advise Jeff. Davis to abandon this
hopeless rebellion, and to rely upon the good
offices of France with the government of the
United States in behalf of a liberal amnesty,
and to warn him, on the other hand, of the
possible intervention of France against himself
and his confederates, if they, in a spirit of bar
barous ferocity, shall extend their resistance to
the Union to the criminal extremity of wasting
by fire our Southern cotton, tobacco, sugar and
rice crops, which are so essential to meet the
common wants of mankind."
To the conclusions thus expressed we have
of course adhered, and have since repeatedly
expressed them editorially, although, in ac.
cordance with an invariable policy, we have
given our readers the benefit, in our news
columns, of every reasonable rumor upon
the subject, so that those who could not
accept our solution of the Mercier mystery
might have all the circumstances from which
to deduce theories for themselves. The Times
in common with our other contemporaries,
violently attacked us for the articles we have
quoted, and lavished the most absurd and
ridiculous epithots upon us for holding such
opinion. In a few days, however, the World
concluded that we were right, and on the 21st
of April published along editorial, adopting
our views, but mixing them up with a great
deal of its own silly nibhUli about the Pope of
Rome. The Tan*a continued its abuse, how
ever, until yesterday, when, imagining our
articles forgotten, and seeing a cbance to
operate upon slocks, the "Little Villain"
came out with a long despatch, dated Washing
ton, but really written up from our columns in
the Times office, and with an editorial which is
a mere paraphrase of our own?the very ideas,
words and order of arrangement being pal
pably stolen. The only original sentence in
these conspicuous, double leaded articles in the
Times was false, and was to the effect that the
Herald had declared that Mercier would
" bring French fleets and armies to the
aid of Davis." It is thus that our con
temporaries get up their special and excit
ing news; for the Information which the Herai.d
gave its readers on the 17th and 19th of April
the World copied on the 21st, the Times re
vamped for May 6, and the Tribune will repub
lish some time next month.
Now, as newspapers cannot be copyrighted,
we are unable to prevent, and find it useless
to complain of, this gross plagiarism. We can
only pity the readers of these slow journals,
who are compelled, in this fast age, to be
three weeks behind the rest of mankind
in the matter of news Fortunately, however,
these readers are very few, and are becoming
beautifully less as the pnblic is better edu
cated. A long experience of snch meanness
has made us perfectly indifferent to the thefts
of our jobbing contemporaries, and we are
quite content that the small fry newspapers of
this city, Boston and Philadelphia shall eke
out their scanty means of subsistence by steal
ing onr news and hashing up our editorials
We must insist, however, that our contempora-'
ries shall rob without abusing us. The Times
does not make its plagiarism less evident by
inserting a false statement about our opinions;
nor was Beauregard's cipher despatch?first
published by the Herald and afterwards copied
by the other papers?less authentic because
the Tribune, Timet and World hastened to
pronounce it a forgery. Let our contempora
ries steal like gentlemanly ruffian*, and be as
courteous as Gentleman Jack, or as silent us is
the TriJ?inc about its jobbery. If they will do
this, and give our opinions unadulterated and
in full, we will lend them our old types, to
save them trouble, and recommend their pa
pers to all person? who are unfortunate enough
npt. to ba altla to obtain the Uniuu>.
PjN I, A KG K ME NT OK TMK CANALS KOK TUK I'aASAOS
ok Gunboats.?The Legislature of this Stat*
betore its adjournment enacted a law giving
permission to the general government to en
large one tier of the look* on the Erie and
Oswego canals of this State, so as to admit ol
the passage of gunboats to the lakes. Thifl,
taken in connection with the movement at
Washington to connect the Mississippi with
Lake Michigan, is on* of the moBt important
measures that has been brought forward in the
last year, and we trust that Congress will nol
adjourn without ordering the work to be done
with the greatest possible despatch. Our treaty
with England prevents our having more than
one gunboat on the lakes, and that only a small
affair, while she is so situated?having a canal
around the rapids in the St. Lawrence, every
foot of which is in her own territory?that th?
moment there is any difficulty between the
two nations and hostilities commence she can
send a fleet of gunboats through to the lakes,
and, before we can build boats to compete with ?
Iter, can bombard and burn all our flourishing
cities ?nd towns on the. lakes. Thus,, white the
treaty binds each nation to one gunboat. Great
Britain has a great advantage over end
should-war break out between the two nations
this advantage wHl be seriously felt at every
point ou the shores of our inland seas. It is,
in faot, stated upon good authority that a num
ber of gunboats have been in the course of
construction during the winter on the Ottawa,
whence they can be run down to the St. Law
rence, near Montreal, and thence through the
canal to the lakes.
We notice that the Philadelphia papers are
very much alarmed at the projoct of enlarg
ing these canals and opening a passage for gun
boats from the Hudson to the Father of Waters,
Like everything else, they look upon it with
jealous eyes, and imagine that they see in it a
great reduction in the transportation on their
railroads. What, we ask, has that to do with a
great measure of public necessity? Must Buf
falo, Cleveland, Milwaukee, Chicago and the
other flourishing cities and towns on the shores
of our lakes be left defenceless because, for
sooth, their protection may divert traffic from
the railroads leading to Philadelphia? That
view of a.question of so great national import
ance is characteristic of Philadelphia, and is,
therefore, not unexpected; and we dare say
Congress will pay but little attention and to
care much less for the jealous ravings of tha
small t ry Quaker City editors.
The great success that has attended every
trial of the gunboats during the present war
has effectually decided them to be far superior
to fortifications, even for defence; and let thie
system of canal enlargement now broached
in Congress be carried out, connecting
the Hudson with the Mississippi, and
the construction of the appropriate iron
ctaL gunboats, and we will be. in
a position to defy the combined fleets and
' armies of the world. The project is in every
particular feasible and practicable, and the
safety of oar commerce, upon the lakes de
mands the speedy construction of this work;
The ill feoling engendered towards England
by her course towards the North since the
commencement of the rebellion, her secret
attempts to help the South and break up the
Union, do not augur harmonious feeling be
tween the two nations in the future; and the
first step for Congress to take to prepare the
nation for any and all emergencies is to make
the necessary appropriation, and direct the en
largement of the locks on the canals of this
State, and the construction of the oanal con
necting Lake Michigan and the Mississippi.
Next to the passage of the Tax bill, this
measure is of greater public importance than
any other before Congress, and we hope to
chrenicle its final passage at an early day. .
NEWS FROM WASHIMTOi.
Wamh.vgton, Hay I, IMS.
THK SKNATt'S AXBNDMXNT TO TBB TAX BILL.
Tk? report of the Finance Committee of the Seaalo
upon the Tax bill is accompanied bjr an amendment,
offered by Senator McDoogall, on* of the committea, as
a substitute for the whole bill. This bill proposes to
Iraiee rereuM from tba following sources:?
Fird.?Capital, active and circulating, to be roaehed
by a tax en sales and transfers, and en receipts of some
classes of business, as hotels, Kc.?one hundred and tea
millions.
Second?Capital, Awed and realised, Income duties on
interests from interest paying bonds and securities tea
millions.
TMrd?Excise* on spirits, malt ltqoor and manufac
tured tobacco?foriy millions.
KttrlK?Duties on legacies and inheritances graded
from one to eight per cent?sevoa millions.
The system of the payment by ad valorem stamps ia
adopted throughout.
The officials employed to be:?First?A Commissioner
of Internal Revenues at Washington to supervise all.
Second?Inspectors in the several districts, with depu
ties, to be appointed by tliem. Third?A Stamp Agent
in earh district, or more than one if necessary, for the
disposal of stamps.
This is substantially the system recommended by the
New York Chamber of Commerce and the Boards of
Trado of Boston and Philadelphia. It is claimed that it ia
Imss expensive, loss complicated, and affords reasonable
convenience to the publie; that this mode of collodion
will be leas Colt, and that it nffords complete checks froaa
the parties paying all the way up to the Commissioner,
and that it will collect tho tax for less than three per
rent.
Senator Simmons will introduce aa amendment to tho
bill reported by tho committee, modifying that portion
which afltcts the manufacturing interests.
Numerous amendments were made to the Hotiso bWI, in
order to perfect its machin-ry, and It In understood that,
the Committee of Ways and Means agree to them.
The Senate Committee on Finance have reported
two hundred and sixty amendments to the House Tax
biH, after having heard the representatives of delegating
representing various interests. Among ths amendment*
they have stricken out the tax on all rectified an I mixed,
and increased that on distilled spirits to twenty centa
per gallon, to be collected at tho distilleries; but not to
operate upon the stock on hand previous to the
parsag* of this act. The tax on domestic wine ia
gtrlcaen out. Lager bier and other malt liquuaa
remain undisturbed. Three per centum is
proposed on the gross receipts of railroads, steamboats,
ko.\ thirty instead of flfty cents a hond on rattle, add lac
flveoenta on calves; tobacco, twenty i-eota per pound,
cigars, from ten to thirty-five, according to quality.'
The tax of one cent par pound on cotton was stnekea
out, and schedule A, taxing pianos, watches, carriages,
kc, , nearly all stricken out, retaining the tax on billiard
tables and dogs. The commit tee have not changed tho
mode of collection, but have modified the section tn thn
act of the 6th of August for raising (20.u00.000 by Us.
and making the provision applicable lor coe year.
AM. WEM. AT WILMAMSBl/KH.
Senator Foster recoived a despatch to-night from Gea.
Fit* John forter stating that evorything is working welt
with tho army at Willtnmsbnrg.
THE REBEL WiFKNCEH AT YORKTOWN.
Qeutlsmnn of this city who visited Yorktown immedi
ately after the evacuation state that the position was a.
strong one, and the works vary formidable. A members
of Congrs-H, who examined tho place thoroughly, say*
tint all tlin enemy's large guns were left in position,
there beinnbut. one ombriatire vacant, where, froin ap
pearance*, it was doubtful If a gun had ever beon
mounted. Tho prisoners captured al Yorktown ounvoraa
freely respecting the war, except thst thny refuse to
ulvc iuforiuation about the strength ol GeneralJom