The New York herald. [volume], July 30, 1862, Page 4, Image 4

About The New York herald. [volume] (New York [N.Y.]) 1840-1920

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NEW YORK HERALD.
UUKOON bGNNETT,
ItPITOK ANU PHOrRlKTOR.
OFFICBN. W. CORNER OF fUMOS AND NASSAU STA
Xmimuit XXVII J0S
AMUSEMENTS Tills EVKMNU.
diBLO S GARDEN. Broadway.?Tat Uolllicm Biw.i.
WALt-ACK'B THEATRE. .No. bM BroUway.?Uila
Siiruu)-liiil8 Mokmov.
WINTER GARDEN, Bi duoay.-I'AXCHON?Bo? Nsr
NEW BOWERY THEATRE. Bo very.?Lies AND Ad
YWKTACK or Jack Kinross /-SLIDA.
BOWERY THEATRE. Bowerr.?Uir?*:.?s POOL?I I E
Land As It Is?liow iu AVOID n: <j
^iiON S CRFHORNE U VRDKS. Fourteenth street and
?p aniiKo.-oiui Bali by. l*si?n mask Coxcstir oj
^BPbstkiam k
BAKM'M'S AMERICAN MUSEUM. Bro*.tv, sy.?The
I.nDM'.n SDAL II iri'r Family, Ar.. at nil hours. Two
Pigmies? Nip add Tuck, afternoon au.1 rr,:fiuv
CHRISTY'S OPERA HOUSE, 5S.1 Broadway.?ETHlOriAk
So.vk.a, OidcKj, At.? L'ouoi.k Bluoko Room.,
WOOD'S MINSTREL HALL. MA Broadway.?ETUiOflAJl
Songs. Uaabikd, ao.?Aun Cot Turn to Tabky.
HITCHCOCK'S THEATRE AND MUSIC IIALL, Caual
street.?.sO-vg-, Daxcus, Buiii.esv ks. Ac.
GAIETIES CONCERT HALL, 616 Broadway.?DEAtriaa
Koou Entkktainuskts.
PARISI AN CABINET OK WONDERS, 563 Broadway.?
Opeu diul.- Irutu 10 A. M. till 10 1*. At.
Now Vork, Wednesday, July 30,
ThlK SITUATION.
The news irosa General McClellau's army to-day
not important. Tlie movement of the rebel
troops towards the junction of the James and Ap
pottomax rivers, which wus reported yesterday,
proves to be true, and the statement made to the
I'uion prisoners that they were going to reinforce
Jackson is most probably only a disguise to cover
the concentration oi'a 1 urge force between Rich
mond an I the Appotoniax.
General McClellan spent all day Monda}' in visit
ing the hospitals and comforting the sick and
wounded soldiers.
Dr. Williams, who has just arrived at headquar
ters, a'ler a lengthy imprisonment at Salisbury,
North Carolina, reports that r. bel troops to the
anionic- ot one thousand a day passed through that
city for Richmond since the seven days' battle.
They eamc principally from James Island, South
Carolina, ar.d from Eastern Georgia. Information
comes from the same source that the enemy had
one hundred end seventy-three thousand men en
gaged in the late battles before Richmond. It is
evident from the statement of Dr. Williams and
his companion. Dr. Stone (n Hull run prisoner),
that the rebels are concentrating an immense force
at Richmond, and are hurrying up men to that
point from Tennessee, and nearly all the Southern
htates.
A slight skirmishing is reported to be going on
at Orange Court House, but the results are not
'mportant. The lorecs of the rebel General
Dwell, to the amouut of some twenty-Ave or
thirty thousand, are said to be scattered along
from Orange Court House to StannardsviUe, and
through Gordonsviile. Orange Court llou.-e is
eight miles northeast from Gordonsviile, and
Htanr.nrd.svrile is ten miles from the same place to
the northwest.
Our correspondence from Fredericksburg will
l?e found highly interesting and full of details rela
tive the movements of General Jacksou and the
late reconnoissance of General Gibbon.
General Pope and staff left Washington yester
day for his headquarters in the field with his army.
He sill probably soon have sharp work with
Stonewall Jackson.
The news from the Southwest recounts a skir
mish which took place at Bolivar, Tennessee, be
tween a body of Union troops stationed there and
a foroe of rebels: but no particulars are given;
the evacuation of Grand Junction, below Corinth,
by our troops, its occupation by the rebels, as welj
as of a portion of the railroad between Memphis
and Corinth. This intelligence comes from Cairo*
and we hare further dispatches from Jefferson
City. Missouri, dated the 28th, which says that
Col. Gentar, of the Ninth Missouri regiment, rein
forced by Lieut. Col. Shaffer and Major Clopper, oj
Morrill's horse, and Major Caldwell, of the Third
Iowa cavalry, 65t strong, were attacked at Moore's
Mills, seven miles east of Fulton, the day before,
by Generals Forte* and C'obb. !)00 strong, and
after fighting till after four o'clock iu the after
noon the rebels were completely routed, with a
lose of from Vt to 100 killed aud wounded and one
taken prisoner. Colonel Guitar reports a loss of
46 killed and wonoded. He captured guns, am.
munition, baggage, Ac., in profnsion. The officers
aud men behaved splendidly. General Cobb is
reported killed. Colonol Guitar resumed the pur
suit. and will follow them over the river.
Our news from the South continues, as nsiial
full of interest. The comments of the rebel press
on the condition of our army show how little they
really know about the matter. They describe, for
Instance, a fearful massacre of our troops at Roan
oke Island by the contraband negroes, and the
evacuation of that place by the Union army. They
deny that General MoClellan has received any
reirrforeements sinoe the battle at Malvern Hills.
The whereabout* of General Beauregard is said by
the Richmond Kznminer to be Rladen Springs.
South Alabama, where, in company with his
family, lie A recuperating hia health after the
aovere labor* of the Western campaign.
The rebel government, through its Secretary of
War. has re> ogni *ed guerilla warfare, and accepted
the aervice* of the bands of marauders who infest
the border SUten anil Virginia.
An Augusta (Ca.) paper states, positively, that
?cvaral prominent general officers were drunk
dnnng the late battle* on the penju?ula, and that
trioy of the nten were sec.ritb ed in consequence.
MISCELLANEOUS VEW6.
The Iha~io ile hi Mo,->un, ot Ha ma dtvotoa
two lengthy articles to the consideration of the !
civil content in the Ijntt'd .stjiU w, <ind in it* issue ,
of the lotii iua'dtil urges tliat the usbon* whi-h j
are injured by the war shonlil Interpose their good ,
offices to put an end to It. The object of
the struggle, it says, h, on the part o!" the
North, tr> restore Uio L'tiiou r?s It sw. and on the
part of the Mouth to met in its independence.
The first attacks?the second defends itselft but
things lime come to saeh ? pass that i: seems im
possible ,to reconstruct the Union on a si a hie and
permanent foundation. Friendly mediation
should therefore be bn*< U upon tin. rt ? oguiticn o
the independence of the h"uth. ? lie /bono la
ments the great sacrifice of lis .a, happiness and
treasure in the continuation ? hostilities, and
Ip/ff Uisi jtiittriUJt IV ITM lUt luV) Of On. fcttatftl
poverum.-'nt to use All ita efforts against those who
first raised the banner of rebellion because it
was then only the rebellious movement of a small
minority as soon aa it became plain that it was
no longer the rebellion of a lew, but a true revolu
tion of the masses, then it was the duty ?f the
ft-tiers) government to cede them that liberty
which is the foundation of its own national exist
ence. It theu goes 011 to speculate on the possi
bility of a peaceable separation, bat finds a seri
ous difficulty iu the fact that Llic North will desire
to limit the new confederacy to as few States as
possible, while the South will naturally desire to
increase its territory. The only way, it thinks, to
obviate this difficulty will be to resolve the ques
tion by the votes of the people of each Stato.
The Uiario concludes by hoping that France,
Engluud and Spain will unite iu offering their me
diation, on the ground that the more numerous the
Powers mediating the greater will be the chances
of success.
OaligHaui's Messenger, of Paris, of the 15th of
duly, says: -The resignation by M. Mou of his
post of Ambasmi lor of Spain In Paris, which is
now officially announced, is said to have for mo
tive a feeling of delicacy on the part of that gfcn
tieman. lie hud thought himself in a position to
guarantee that the accord should be maintained
between the two governments on Mexican affairs,
and would not submit to the sort of moral disa
vowal inflicted by the change in the determination
of the Spanish government and the approval given
to the resolution of General Prim.
The Oourrier du liar re of the 14th inst. has a
jengthy article on the necessity of Europeau in
tervention in America, to put an end to the pre
sent war. It contends that, instead of there being
any development of Uniou sentiment iu the
South, the Yankees are held in absolute abhor
rence, and cverv day the feeling of hatred
growing more intense. TLo public- opinion of
Europe, which the Otutritr confines to England
and France, should, lie says, be made to be felt
for the good of the whole world.
The latest despatch from Constantinople an
nounces the commencement of the works for re
pairing the Church of the Holy Sepulchre at Je
rusalem. They are to be carried on at the com
mon expense of France, Russia and the Porte, un
der an American architect.
Governor Bradford, of Maryland, is making pre
parations to enroll the militia of that State into
the United States service. The secesh will of
course be indignant, and will put iu their claims
for exemption. Some will have bodily ailments,
others will be weak and consumptive, a few will
join the Shaking Quakers but the majority will be
foreigners, ami will demand the protection of her
Britannic Majesty's representative.
Tim Richmond papers are of the opinion that
for the next year Virginia will have to feed the re
bel ariuy. They say that the corn lands of North
Carolina and the rice fields of South Carolina are
in the hands of the Unionists, and that, owing to
continued droughts, the crops iu the cotton States
aTe absolute failures.
The recruiting for nine and twelve months men
will cease in Pennsylvania, by order of the Secre
tary of War, on iho 10th of August. After that
day men must be recruited as they are in other
?States?for three years.
In the rebel regular ai my there is no rauk above
that of "General," and first on the roll stands the
name of Samuel Coop.-r, a graduate of West Point.
Beauregard stands fourth in rank.
The market for beef rattle was a trifle better on
Monday; but there was no visible improvement
yesterday, when the prices were the same as last
week- from Cc. to a per pound. Milch
rows were Quiet at from 932 to $40 a 150 per
head. Veala were steady and unchanged. Sheep
and lambs were very plenty, and about 35c. per
head lower, varying all the way from to $2 to $4 a
95. Swim- were active and very much higher,
t orn fed sold at 4T?c. a oc. and still fed at 4V.?c. a
4}Jc. The total reeeipts were?3,807 beeves, 99
cows. 583 veals. 12,8*24 sheep and lambs, and
10,280 swine.
SI01 ks were dull yesterday: but prices were rather
better in the afi*rn-<on, the market closing steady
booty was In abundant supply at 4 <1 5 per cent; (old'
115H a 116 ev liango, 127 a 128. The export of produce
for the week amounts to the unprecedented sum of
$4,134,214
Ths cotton m uksi was unsettled yesterday, and aal'-s
confined to about 300 bale*, In -mall lots, chiefly withta
the range of 44o. a 46c. for middling uplands, with little
regular style or middling to be had under 46e. per lb.,
while some email forced sales were 1 eportod at a trifle
under tb?- inside figure. Wheat opened tinner for good
shipping lots, with a got d demand; but the market closed
lesg buoyant and active. Corn w ji about lo. better, and
opened with spirit, hut closed dull, l'ork vraa in mode
rate demand arhlle prices were rather firmer, with sales
of mess at $10 971 a $10 93%. wid prima at $8 87)$ a$0
Heef waa Arm and lard steady. Sugars were firm and
active, with sales of 3.230 hints.. 820 buxa* and 90 hhda.
ruelado at rates given in another column. Coffee was
tlrm, but qn:et. The stock embraced 121,283 boxos of
Rio and Santos, aod the stock of all kinds embraced
1W,118 bags. Freight.-were firm at 13d. a 13 Sd. for
wheat n bulk and bogs for T.iverpool. and 3s. 3d. a 3s.
8d. for Hour For tamdoa wheal waa taken at lid. and
flour at 4s
The Campaign In Virginia?Tkr Rebel
Armjr and It* Movement*?Owr Poller
and Onr Duty.
The fate of this rebellion hangs upon the
present campaign in Virginia. Jeff. Davis and
hia confederate* have concentrated around
Richmond the flower of their forces from all
our rehellioua States, making, all told, a for
midable army, very little if anything be
low the imposing figure of three hundred
thousand men. The rebel leaders have mus
tered thi.- army chiefly through a sweeping con
scription act. under which every able bodied
white man within their control, between the
ages of eighteen and thirty-five, is declared to
belong to the Army. Their aggregate armed
forces tbus brought into the tield are fully up
to six hundred thousand men; but the rliie of
all these forces is concentrated iu the great
rebel army of Virginia.
The fact is pretty well established that, in the
late sanguinary battles near Kicbmood. the
rebel force* engaged were twice or thrice iu
numbers the forces of General Mct.'leilan; and,
according to our latest report*, reinforcement*
to General J.ee w ore pouring in by every train
from the .Sooth, so that we cannot be very
wide of the mark in pntting down the robel
forces In Virginia, between the line of the
James river and the line of the Rappahannock,
at three hundred thousand men. We know,
too, from the experience of some twelve
or fifteen bloody but tie*, tint this is an aimy
of courageous and disciplined lighting men. and
thAt even with onr superior anna and warlike
equipments wo cennot sale I y undertake to
overcome one hundred thousand of these rebels
with fifty UvHjwtnd lrnioa soldiers. According
ly, we cannot positively assure our readers that
we Lavs tho mtmpxlgo iu Virginia under our
absolute control until w* are officially assured
I that the Torre- of Mrb'lellan and Pope arc
well up to the. aggregate of three hundred
| thou and men. Wi a n ignorant of the present
I force* of both McGlollsn and Poim. Wo know
j that they have l>?en considerably strengthened
i within th* laai two or three weeks; but we
' 'pprehcud tliat if the calcirtatious and proceed
I Legs of the War (>flt ? are mised upon a Virginia
. rebel army of le*s than a quarter of % million
cf men, Mr.Secvtery .Stanton ia laboring under
a grievous Ynistake
Ja Uk UQ*t U id mj ?ritWAl (turn sU
"V, - - '? e '
our advices from Rkhmouu that 11*) rebel
leaders there are not disposed to wait until it
shall suit our convenience to resume hostilitice?
but that, on the contrary, they are busily en
paged in their preparations for some dashing
and daring enterprise. Stonewall Jackson is
reported one day, with au army of forty or 'ifiy
thousand men, at or near Gordonsvillc, and tko
next day the news is that he is ou the south
side of the James river, threatening Sntfolk with
seventy thousand men. Theas conflicting re
ports are intended to embarrass Generals Ilal
leck,McClcllan and l'ope; but wo daresay that
they understand the true value of all such
tricks of strategy. Napoleon Bonaparte made
it his first business to ascertain the whereabouts,
the forces and the movements of the enemy
from reliable witnesses, and we hope that liis
teachings in this mutter will hereafter be more
closely followed by all our generals in Virginia
than they have been heretofore. The raids of
Jackson down the valley of Virginia, and his
final escape in time to lead in the overwhelming
assault upon the right wing of our army on the
Chickahomiuy, could never have huppened with
anything like proper activity and vigilance on
the part of our offic ers concerned in watching
his movement.- and in defeating his designs.
With all our Virginia amies under the super
intending eye of General Ilr.lleck, we have rea
son to believe that the War Department will
suffer no more panics from these rebel forays
in the rear or in front of Washington. Wo
have no doubt that General Halleck has made
ample arrangements for seasonable and accu
i rate information of the movements of the
enemy, and for strengthening IJcCleilan or
Pope as the occasion muv require. But. while
the government and our amy are thus pre
pared to meet any desperate assault of :he
enemy, we want to see the army of McClellan
and the ariny of Pope each strong enough to
take the initiative and able to cope with uny
force which the rebels can bring to bear against
thera or either of them. To this end, in behalf
of the universal wish of our loyal States, we
again call upou the President to c ill oi^t the
militia if he cannot otherwise immediately re
inforce each of our two Virginia armies to the
extent of fifty thousand men.
The whole game nud the issues of this rebel
lion lie iu the all important battle field of
Virgiuia; and between Richmond and Washing
ton, and between this day. perhaps, aud the
1st of October or September, or?who can
tell? At all events, the sooner our armies are
reinforced the sooner will we be ready to re
sume the march upon Richmond. And if we
intend to do any decisive work in this cam
paign we must prepare to do it before the mid
die of November; for after that date the com.
mon roads of Virginia are impassable till late
in the spring. Now is the time for action, and
this is the day of salvation.
The French Expedition to Mexico.
The latest news we have from the Mexican re
public Is very meagre, but on the whole not so
favorable to the French army as interested uc
counts would have us believe. Gen. Lorencez
still continues at Orizaba, where he has fortified
himself very strongly; and, in the absence of
any immediate fighting, his soldiers have erec."
ed a temporary theatre, which, by all accounts,
was going on as swimmingly as circumstances
would allow. We see no accounts whatever in
any of the papers of the reported repulse of the
Mexicans while attacking the Freucli positions
at Orizaba, and the whole story appears to be
one of those baseless rumors whose origin can
never be clearly traced. Since the surprise of
the advance guard of the Mexicans by the
French on the night of the 15th of Jdno last?
in which the former suffered very severely in
killed and prisoners?the Mexican leaders have
manifested no hostile disposition, but rather
seem content to await the final determination
of the French government. In the meantime
there is no apparent relaxation in their prepara
tions for future emergencies, and it may be that
the Gauls will, ere long, have their theatre
broken up by the rude voice of a renewed and
bloody conflict.
The reports of the attack by guerillas on the
5th of June, on a French convoy for Orizaba,
are fully confirmed. In this contest the French
lost over fifty wagons of arms, ammunition
and provisions, and several of the escort were
killed by the Jexicans. On the same day. at a
place called La Pnrga, another guerilla band
attacked and captured some twenty wagons; so
that the T rench loss in the aggregate was very
severe. On the 15th of the same month the
Mexicans seized a coach train that was on its
way to Orizaba, and carried of all its passen
gers prisoners to Jalapa, the main road to
which city is militarily occupied by thoir
troops, and on the road to Orizaba nothing can
be seat forward w ithout a very strong escort to
guard against guerillas.
Cordovu and Orizaba?the points in the oc
cupatiou of the French?are in a state of great
misery. The necessaries of life are all in great
demand and very small supply, and the conse
quence is that prices are most exorbitant, and
the effect is dreadfully felt by the people. The
pre tender, Almonte, is also flooding the coun
try with his irredeemable trash of paper money,
but not without the most vigorous resistance
and protests of the people, who .-ee nothing but
an increase of their misfortunes in such acts as
these.
Taking all these things together, we must con
clude that General Lorencezdoes not repose on
a bed of roses. Of the six thousand Mexi
cans who followed the fortunes of Marque/., and
enlisted under the standard of Franco, there
are now but two thousand effective men to be
found in the French camps. All the rest have
gone off by a system of desertion well known
to the guerilleros of Morteziiniu s laud.
And now the French Commander-in-Chief is
making urgent applications to his Consul at
Vera Cruz for money to pay these Mexican
' allies," fearing otherwise that not a man of
the remnant of tv o thou .md w ill long remain
with the invading army.
The ntws from Vera Cruz i? no more pro
pitious to the Flench. The black vomit, it is
positively sided, has made great ravage*
among the uoacclimu ed Kuropcon soldiery,
and no less than s< ven hundred and forty of
the Fro Mb garrison ?r that city have fallen vie-'
tint.-, to this terrible tconrgo. The people there ^
are also in tho greater want and wrotchodjif ?3 j
public confidence is entirely destroyed, and, ns
u,ie of the Havana correspondents remarks.
' nothing but tho impossibility of the thing pre
vents a Wholesale exodus of tho people from
the places now occupied by the French.''
huch is a Uriel reeume of affairs in uufortu
nate Mexico, at a moment when imperial
France ta ?ending her nrmie and iron-clad
hhips-of war to fight against her. Would it not
wort iA nvsvc Jsmko witi the ipUU yf m
ttce and humanity?to Mexico as well as to
France?that theee legion? and armed ships be
at oaco recalled ?
TUe Financial tfjrstt-in of the Govera
?urut.
The rebellion and the wur into w! "ch wc
have been p'ungeil have ho shaped linauci.tl mat'
tors that Secretary Chase now occupies the name
potation that the celebrated Willi'im Pitt, the
I'rimc Minister of England, did daring the French
Revolution. The English government had at
that time an extensive war upon its hands?a
war that tried the resources of the country and
called for the adoption of bold financial
measures by its agents. Specie paymout was
suspended in 1797, and iu February of tha'
year the paper money system was inaugurated
by William Pitt, and continued to be the sole
circulating medium until 1819, when the Bank
of England resumed specie paymouts. Consols
were nearly at par when the paper money
was made the legal currency of tlie country,
but immediately afterwards foil to fifty-eight.
The public miud was iu an excited coudition;
owiug to the war, rumors of invasion, and
consequent commercial changes, and every
thing in an unsettled condition, fluctuations
and uncertainties were the rule. The bro
kers, financiers and merchants at onco com
menced assailing Mr. Pitt, and charging
him with ruiuing the country commercially,
financially and every other way. All the evils
hat the war, the excited condition of the public
mind and the revolution in trade and com
merce had brought upon the country were laid
:it the door of Pitt's paper money. But, with
all the attacks that were made upon him, ho
persisted in the system, aud with the sanction
of Pailiumcnt continued it until tlio close of
the long contest at arms. The rosult was that
England, after relying solely upon paper
money for upwards of twenty years, success
fully emerged from the war, and with the re
turn of peace the Bank of England again re
sumed specie payment.
The similarity between the financial con
dition of England during the French Revolution
and our own at this time must be apparent to
the most casual observer. Many of the evils of
the pupor currency system of England have?
however, been obviated by ours in the careful
arrangement of details. They arc both war
measures, and a uecessity to the successful pro
secution of the war. Consequently the criti
cisms and tests that would apply in times of
peace have no bearing whatever upon them in
time of war. Many brokers and Wall street
financiers loaned large sums to the government
at the commencement of the war. hopiug there
by to get its finance* fully under their control,
in this they have been disappointed; the con
fidence of the public in the government pre
vented its bonds falling in value, as did the
British consols on the issue of paper money;
and now they are busy assailing the financial
system inaugurated by Secretary Chase, in the
hope of creating a panic that will bring about
this result. Hence the World and other jobbing
journals are continually publishing articles in
the interest of these panic makers, and assail
ing the currency established by the govern
ment. The only result, if guy, of their work
is to destroy confidence in and weaken the gov
ernment, atul the strengthening of Jeff. Davis and
his extensive conspiracy. In all their state
ments and predictions that, ruin and disaster
will follow the continuation of Mi'. Chase's
paper currency system the facts in the case are
against them. By citing the use of gold, its ex
portation and other changes in trade and traffic,
they make, it is true, a plausible story on their
side. But the real truth of the matter is, that
those evils, If evils they maybe called, which
they charge upon the currency, are tbo results
ol? the revolution in trade and commerce, and
the interruption of couunuuicution with one
section of the country by the rebellion and the
war. and would have been a hundred and a
thousand fold worse, were it not for the paper
currency system of the governmeut, and are
not chargeable to it.
Ii?t us look at the facts as they are.
In 1860 the specie* in circulation through,
out the country amounted in round num
bers to about two hundred and fifty millions,
and the bank notes to two hundred and nine
teen millions, making a total circulating uic.
dium of nearly four huudred and seventy mil*
lions. In 1861 the country was plunged into
an extensive war, communication and commer
cial intercourse were cut otf with one section of
the country, and the depreciation of the securi
ties of the rebellious States, which formed the
banking basis of tba Northwestern States,
caused a sudden collapse in the banks of the
latter section and the withdrawal of theip circu
lation. The entire disappearance of the South
ern and Northwestern circulation took from
business circles at lea?t one-half of our hank
note currency. The subsequent suspension of
specie payment by the banka has withdrawn
gold from circulation, and instead of being a
portion of the circulating medium of the coun
try it is now an article of commerce Here,
then, is a direct reduction of the currency of
the country of over three hundred millions of
dollars, or about threp-fourths of the entire
circulating medium. What is to he done, then,
in this condition of affairs? Shall we rely
upon one-fourth of our former currency
to prosecute the war and conduct
the usual business of the country?
It needs no financier to see that it ould be
utterly impossible. Universal stagnation of
business and financial distress would lie tbe
order everywhere, and the war would end for
the want of means to oarry it ou.
1 be reverse at Hull run revealed the fact that
more extensive warlike preparations had to bo
made. To do this the government must have
the means. The unfriendly attitude of England
and other European governments forced the
administration to look exclusively to our own
resources. The issue of the people's loan, or
the seven and three-tenths Treasury notes, and
the (i uuand notes, answered the purpose for a
time: but the want, of a circulating medium
was felt in business circles, and prevented the
government from disposing of its bonds as fast
as accessor) to raise the means for the prosecu
tion of the work before it. A universal com
plaint of no money came up from all sections.
In this condition ol affairs .Secretary f .'base ma
tured the plan of issuing legnl tender Treasury
n<?te*. with a dire.ct tax and revenue basis, and
Congress authorised their issue. This system
is superior to that adopted by England junior '
the dim lion of I'ilt, inasmuch as the note*
under the taller wore not redeemable until th
return of peace; whilst our legal tender note*,
although not redeemable to-day in rpocic
yet an* convertible at par into United Stat.es
bonds with Interest payable in specie. This
inches the lystem of Mr Chase a self-renovating
tfUCi tar i>Uv Gurjiout that the legal tender note#
become redundant they will be concerted into
United States bonds with specie paying internet
This prevents their becoming a drug upon the
market. All must admit that the exigencies of
the times require that the currency of the go
vernment should be adapted to our inter,
iml trade. Our commerce and traffic with
foreign nations huvu been entirely changed by
the war. The result is fluctuations in gold with
every depressing news from our armies; but the
internal trade ia now prosperous. The large in
crease of the receipts of all our railroads and
every lino of traflic shows this conclu
sively. To move the supplies for the armies
and the breadstuff* of the West eastward
a large circulating medium is needed. In
the ubsence of thretvlouifhs of tha cur
rency m circulation before the war, the gov
ernment can easily issue from three to four
hundred millions of legal tender note* in its
place. The self-poising system of converting
them into bonds will prevent there being any
excess at any time nbovo the demands of the
country. We therefore approve of the further
issue of legal tender notes by Secretary Chase,
confident that it will work to the good of the
couutry, and urge upon him not to heed the
wails of the panic makers, but to look solely to
the financial necessities of the government and
the internal commerce of Ibo country. The
most skeptical must see that one-fourth of the
circulating medium of 1800 is not sufficient at
the present time, and that the issue of legal
tender notes is a necessity not only to the gov
ernment, but to the internal trade and traffic of
the country. But while we approve of tho
financial system of Mr. Chase we condemn his
negro mheions and his outside schemes, which
lie, in tho end, will find more than oounter
baianco the reputation that he has obtained as
the financial agent of the government.
Senator Wilson Mailed l.iUe a Rap to
Uic Counter.
In a recent speech made at Newton, Mass*,
cliusetts, Senator W ilson, of that State, had the
boldness to deny in Mo a speech he made in
the Senate on the 28th of March last, and the
substance of which was published ia the
Hkrai.ii, by telegraph, as follows:?
Mr. Wilson said )i?t agreed with tho Senator from
Maine. He thought llx-re were 150 0 HI more men tliin
were necaou, and lie though, the War I'Op.ulmeiit ought
immediately to atop enlistments. We sum have thou
sands U mtu unfit tor duty, who nuglit to bn discharged.
Ho thought C"Ufc'i'n: s could UTiiu.'ku gCBora's as i-Si-.ly as
it could make thorn.?liuiiui, March '20,1802.
In reference to this report Senator Wilson, in
his speech at Newton, says "there is not only
uo truth, but I here is not a shadow of truth, on
which to lay the foundation of the assertion;''
and he goes on to say:?"I have always main
tained that government wanted more men. So
much, Mr. Chairman, in explanation of the
false position which the Nkw Vonx Hkuai.d has
sought to place me in, and which other papers
hare echoed." Now we have taken the pains
to hunt up the report of the speech of the
Senator, as it appeared in the Globe, the official
paper authorized by Congress to publish the
debates, on the condition that members may
correct their speeches before they appear.
Here it is, verbatim ct literatim:?
Ml . Wilson, of MaxsScbuMtle?The Senator from Maine
(In inner li/ty proposal to reduc ? lh< uum'-cr of m.-n nut no
riced by lc.v awn v. to Jar hundrnl th ? i i.nl, / if fir
vjilh him in thai. Still we havu out o-mii ?i>!<? "? e.? it Jt
wot euttgnlcA a!mj tint', umi ouga' to s op nc ?sung. I ugrte
to thm1 ? / have over ami <rr again ben .o A- M 'artifice
ami urgrii Uinta tin de;xirtn.rU U> flop rcruitimj in rr.-ry
part 0/ the cotmtry. Wn lm\u liad the pr^m. e tli.it it
sboulrt bit done; yut every day, in duUroul pen* ol tho
country, v?e liavo nccocuts of men ben:*; raued uu.l
brought I'urtli to fl'.i up tliu rank* cf ragiiiieutn. 11m
pnpei e to!! u.< tiiut tu Teiiix-asee ami olltor pert* of the
country v. bora our ainue* move, we are tilling up lUe
ranks of the army. t hrJi.it ice hate U ilay one hundral
and fifty thousand morr men tinder the pay of the govern
writ than we need or can well use. f ha it nit a a. no.; of
it . and 1 think it ought to be. checked. / think the. U'u.
Department . light to i .rue per, mjihrry orders fmitdditn) iJi
emisimnit of another soldier into ih.- volunteer tare .1/ Uie
timid States tinln tlio tune conio wlian ?? u*od
them. We can obtain theni any time when wo uoe i
tli em? Washington Uloix, March 20, ISiJJ.
There was an honest old custom of nailing
counterfeit quui'tcr dollars to the counters of
grocery stores. It is thus Wilson is nailed, like
a rap, as be is. Did lie correct or explain away
his speech in the Globe at the time it was pub
lished* Not a syllable appeared from him on
the subject. But uow, after the lapse of three or
four months, when the disastrous consequences
of his wickedness or folly, or of both, are de
veloped in the sight of the nation, and we call
public attention to the fact, he unscrupulously
denies that he ever made any such speech, and
declares :?" I have always maintained that the
government wanted more men. There is not a
shadow of truth on which to lay the foundation
of the assertion." What assertion? Why that
he said " wc had one hundred and fifty thou
sand more men under lite pay of the govern
ment than we needed or could well use." Can
the force of unblushing impudence further go ?
Is it not clear that the Natick cobbler ought to
have stuck to his last and never left the bench
How long are the halls of Congres? to be dis
graced by such demagogues ? it is bad enough
that the self-constituted organs of "the inter
nals'' should be tolerated in their treasonable
attempts to break down the government and the
Union generals by such misrepresentations as
that only a handful of rebels and a few Quaker
guns atCentreviiie scared McCIellsii. with his
magnificent army. So said the Tribune. But
when Senators like Chaudler give utterance to
the same audacious falsehoods in Congre?<. and
when a Senator like Wilson, Chairman of the
Military Committee, on the basis of these con
cocted stories, declares that we bave 1 .">0,000
inen more than wc need, while our armies are
repulsed on every side from want of sutlicient
numbers, this is still worse and far more crimi
nal. Congress, the government and the coun.
try are deceired, from the fact that Wilson
is Chairman of the Military Committee, and
ought to know the mutter* of which lie speaks.
He said "recruiting ought to be slopjMtd.'* and
"he bad been over and over again to the War
Office, and urged upon the department to stop
recruiting in every part of the country." Who
is to blame that General McClellan had not
enough nten in the late battles before Hu h
mood ? Senator Wilson and the other radical
Senators who went to the War Office, urging
upon the bead of the department "to issue
peremptory orders forbidding the enlistment of
another soldier."
Since the retreat from Richmond, compelled
by Wilson A Co.. the people's* pyes bave been
opened, and the Massachusetts .Senvtor has
heard the first murmnrings of the thunder, ap
proaching nearer and nearer, and be exclaims
"! am not guilty." The blood of the *| ?Jn is
upon ins bauds, and, as Macbeth said to th ?
ghost of Bantjuo, "Thou canst not saj T did it,'*
so does Wilson cry out, as iu Imagination be
a,-es the Indignant shades of his victims flitting
round him, and listens to the wails of the
surviving friends, "Ye cannot say I did it."
When one Mas*ocbu*ettv yenalor devotes the
energies of bis wholo lifo to persecution of one
section of the country, from no higher motive
than because lie once received a personal in
dignity a ytjuUera man, and vrheo another
writes a letter saying that he k" willing to do
everything in hie power to hel>? McUlellan,
after going around the newspaper a ffioes to in
duce the editors to denounoe him, an d when it
is also notorious that he aided in the rejection
of the most trusted officers of Mc&tallan's
army, for the purpose of stabbing that goneral
in the back over their shoulders, what can
be expected from such vindictive feeling*,
and what from such malignant spite as blinth'j
sacrifices the blood of the people and the in
terests of tbo nation to its own base gratifica
tion t
Tlie Bungle In Recruiting.
The Governor of this State coincides in the
opinions freely expressed by our military lead
ers, by our journals and by our patriotic mer
chants, that the general government should
take the recruiting business from the severa
States, and manage it upon some comprehensive
system, and that the old regiments of the army
should be filled to their full complement before
any new ones are organized. We hope that the
Governors of all the loyal States will be equally
sensible, prudent and considerate. There can
be nothing gained by distributing the recruit*
ing among the different State authorities, while
political geuorals and colonels, avaricious con
tractors and middlemen wilt swarm upon us,
and the bungie In regard to bounties will con.
tinue to operate disodvantngcously to recruit
ing everywhere.
What is most needed now is to place immedi
ately in the field a large anny of trained
soldiers. By the plan now in vogue it will
lake at least six months to raise, equip and
drill such an anny. If, however, the general
government takes charge of the recruiting, of
fers a large but equal bounty in every State
equips the soldiers as they en lint and fills up the
old regiments with the earliest recruits, we s!;?U
Lai c an immense army in the field in a few
weeks' time, and can increase its numbers by
sending on a new regiment every day, as wo
did during the excitement which followed the
repulse at Bull run. It cam ot be too often re
peated or too strongly insisted upon that by
continually recruiting the old regiments wo
keep a veteran army continually in the field.
The first Napoleon alwuys made a few compa
nies of veterans the nucleus or a regiment of
conscripts. The rebels, who have also been
obliged to resort to drafting and conscription,
adopt the same plan. The rebel army at Rich
mond was suddenly swelled into immense pro
portions; but it did not become a mere mob.
The drafted men, collected by force from every
qdarter of the South, wore incorporated into
regiments already existing, and the result was
the creation, as if by magic, of a numerous and
well disciplined army, led by experienced offi
cers. Would it not bo wise for us to take a
lesson from tho rebels, as they learned from
Napoleon, in this matter?
Both Napoleon and the rebel leaders knew
belter thuu to organize regiments and bri
gade* entirely of new recruits to confront
an experienced and disciplined foe. The
reason why General McClellan delayed so long
at. Washington before moving against Manassas
was, principally, that he might transform the
rabble which rctroatod from Bull run and the
reinforcements which arrived from the North
into an army of soldiers. Had the rebels op
posed brigades of new conscripts to our Army
? of the Potomac, we should have swept them
away like ehatf, in spite* of their superiority in
numbers. The fate of raw brigades may be
seen in t hat of General Cawy, which, as a
brigade, could not withstand the enemy for a
moment, though detachments of its soldiers
fought gloriously. The old brigades of the some
army encountered the same enemy and drove
him triumphantly from the held. Is not the
lesson plain that we should endeavor to have
all our brigades composed of veterans? By re
cruiting the old regiments we do this. The new
recruits have the advantage of experienced
officers; and this is moro than half the buttle.
They have the prestige of the regiment to en
courage them; and this amounts to so much
that, at Waterloo, Wellington could not con
quer Napoleon's Imperial Guard, though be de
stroyed every one of its members. They are sur
rounued by experienced comrades, who can in
struct them in camp life and in drill, and stimu
late them by example on the hold of battle
In point of fact, every rocnift joining ait old
regiment becomes a veteran, conducts himself
like a veteran in his first battle, lives like a
veteran in camp, and shares and increases the
blood-bought glories of his veteran corps.
But wo urge upon the War Department the
revision of this recruiting business, not only
because the plan of filling up old regiments is
the best, but also because it is the quickest
way of increasing our army. Thirty regiments
are started at once in this State; they are filled
up at the same time, and are ready for service
at the same time; but what good do they do us
or what harm do they do the enemy during that
long interval which elapses between their ini
tiation and completion? None at all. Now.
suppose that, instead of the recruits being thus
frittered away by dividing them between thirty
regiment* here, they should he sent on to Wash
ington in squads as soon as enlisted, and appor
tioned among the regiments already in the
iie'd ? Why, every man would become of im
mediate service, and the army would be imme
diately reinforced. W# hope, therefore, that
as the plan of first filling up the otd
regiments by the adoption of some general,
national tyslem of recruiting is thus demon
strated to be the least expensive, the best and
the quickest way of increasing our army, it will
be speedily Inaugurated by the government,
and that, if aoy discrimination be made in re
gard to bonntios, the men who volunteer ex
pressly for old regiments will be especially
favored.
Tits Triwnb avu Grnkrai. MoCuYmw.?
Poor old Greeley sueakingly denies that hn has
ever "oppesed the reinforcement of General
McGlellan, favored a division of command* and
uttered various calumnies against the Grand
Artuy." We refer poor Grcoley to the Triton*
tiles, from uuieb tie will readily iearu that he
"opposed the reintorcornant of General McGIol
Inn" up to the very last moment, whon he wan
scared by the letters of his correspondent, riam.
Wilkeson. Into giving MH'lellan's army a half
hearted support; not, as be repeatedly stated,
because McfU-Uan was worthy of support, but
because his army was in danger. He will learn,
alio, that he did "favor a division of com
mauds,' aud rejoiced exceedingly when Kre
mopt was assigned to the Mountain Depart
ment, puffing him at. McCletian'* e*j ens* As
to his "various calumnies agar t ihe Grand
Army," w# can feW to any one of t.;? TKfrtme
issues Nvenr i ay the 'Trihi ? appears
spibiM"rl ov< .? i h a sort of tart of malicious,
cowardl y.si e. n >. paragraph! abr it the Antif