The New York herald. [volume], August 01, 1862, Page 4, Image 4

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

Image provided by: Library of Congress, Washington, DC

                
KEY/ YORK HERALD.
Jl.-fltiS ?iOKIX?"V ilKNUKTT,
fcDHOR AMD PROPS! fcTTOfc.
pWCEN W. CORNER Or HULTJM AM J N \.iikU STA
1 ? HMS ra** ?? Momtu f f '?<"I'till >*
r'?~ << f! 9 .V?,?'>mt Un-k rurreui lit 1 ork
taAm. ?
Tit* PA'Lr IIKMALD. ?? ?'r ?'????*.
7i/AI HLLKLr UBHJkLO. f>v*? *"?#. '?? ??* ???<?"?
?it ^|>'-r a^N uiri |A< -?y?'r*'V
?-xI**** > fy. m iumwiW'rtv Ofiill tPil-iiA)
?' ??'? 12 i. a/41, iiartu 'fc- ??? ?V, W4 in-lwU th*
4Jul<ionta KuUum un iA? l??. il'A W ?!?'<1/ mum/A, a< <u
fdr roj?v ft' $2 7ft /?"r in - Mm.
THK f.Mll f tiEKSLD, on HVi't-fciy, at/our criUi if
C I) ATA H^"'<)HRFS POBDKK CF. e-inldfntnt! impor'ant
tuvt, from dm* <)*>> t*r ot tht toorH. v u. /. in./ '??
iihrriUlw )????' FOBKIGN OOUlteSl-OMDKXTH >K?
???n(TLi?Lr BkuL'Ktui to Saal all Li.tteu amdPal'S
AUV S*?T u? l_ .
A'? NOTiCK tafm of anoin/mcms rorrrtpimdencf. ne do not
Tttum rrim d raawmunMiu
J ?) VKHi'ISKifKSTS ? tnmrr.l *r*rrU .'it, ??
Itr'tM <n Wbkblt Hkbald, Familt Hkbald, nnd in t*?
California ami Kvroptttn B-Htiom.
J OH PKIBX1X9 ex*cutmt i?tlA ntatnem. htapntt? ami det
&atrh
T*l?>e XXVII No. 410
AMUSEMENTS THIS EVENING.
NIBLO'S OARDEN. Broadway ?Rout O'Moorb.
WALLACE'S THEATRE. Mo. 8M Broadway.?Paa
Diavoi.u?Ibibh Mokmon.
WINTER OARDEN. Broadway.?Ibow Chbst?Roccb
2>iaho?d?Uollbbx Raws Skttlko At Last.
; NEW BOWERT THEATRE, Bowery.?William Tbll?
Kobkbt Emmktt?Rough Diamond?Uousa Dou.
BOWERT THEATRE. Bowery.?Wir?t Of Sitm Hcs
) Sands?Fblok'i Dhbam?Glv.ncb at Nbw York.
NIXON'S CREMORSE OARDEN. Fourteenth street and
Sutb areoiie.?OrKKA, Ballot, 1'bumlna.dk CoMcekt and
XdBUTMIAMMM.
! BARNUM'S AMERICAN MUSEUM. Broadway.-Tub
XatBtcBD Kmal. Happt Family, Ac., at all hnura. Two
I Iicaoas?Nir and Tuck, alteruoon and evenm*.
I
CHRISTT'8 OPERA HOUSE. 585 Bro* : way.?ElBIoriAN
, Comm. Ducts, Ac.?Double Bkiiobd itooa.
WOOD'S MINSTREL HALL, &U Broadway.? ETHIOriAN
Soros, Dancb*. ?0 ? Aiwt Got Timk to Tabbt.
HITCHCOCK'S THEATRE AND MUSIC HALL, Canal
Street.?Sonob, Dancxs, Bcblxsucbb, Ac.
GAIETIES CONCERT HlT.U 616 Broadway.?Dbawiao
Boom Bntbbtaibmxnts.
PARISIAN CABINET OF WONDERS, 563 Broadway.?
Open daily trooi 10 A. M. till 10 P. M.
Blew York, Friday, August 1, 186)1.
THE SITUATION.
There appears to have been a revival of animation
in Washington within the past few days. A general
Impression prevail* that some important active
movement is at hand. The sudden departure of
army officers to join their regiments and the pre
sence of Commodore Porter's mortar fleet at
Hampton Roads are looked npon as omens of ap
proaohing action.
No important news from General McClellan's
armj has reached us later than the order for his
troops to hold themselves in readiness, at a mo
ment's notice, for anything that might transpire
cn the banks of the James river.
An absurd rumor, based upon a despatch from
Vemphia to Chicago, was prevalent in the city
jester day, and for a time created a sensation
?mong the credulous portion of the community,
4hat the blockade of Mobile had been broken by a
ieet of ton iron-clad gunboats, built in England
(or the rebels, Ac. It is hardly necessary to state
that the report hM received no confirmation
whatever.
The West still furnishes some lively news of
the progress of the conflict in that quarter. We
tears from Greenville, Missouri, that on Tuesday
Major Lasear, with 120 men of the Twelfth Mis
souri regiment, attacked Msjor Fonlsy aad
Captain Poison, with 180 rebels, near Bollinger's
Mills, in Bollinger county, killing ten and wound
ing many. A lot of horses, guns, Ac,, were eap
tared. The brush was so thick it was impossible
to find all the rebel Wounded. Our forces did not
Iom ft man.
Fran Vicksburg it ia reported that the steamer
Star of the West, captured some time ago off
<Jalveaton bj the rebels, is up the Yazoo river, and
armed with twenty-two puns. She is iron-plated
to a considerable extent. The W. fi. Webb, a
jwwerful ocean towboat, is also np that river, and
toa been plated something in the style of the
Bumter. She is constructed as a ram. In addition
4o these the Mobile and thirty other steamers are
?aid to be up there. The Star of the West and the
?Webb came up from New Orleans when that city
'was captured, bringing, among other rebel plun
der, 10ft guns. At Liverpool, sixty-live miles up
the river, the rebels have an ingeniously contrived
waft, which ia ft perfect lock against ascending
?1>oata. They have ftlso a powerful battery on shore
At that point.
I A brisk oavalry Aght took place on Tuesday,
near Brownsville, Tennessee. Cftptain Dollin's
cavalry attacked eighty rebels, and captured
torty of them. The rebels were afterwards rein
forced and recaptured twenty-nine men and foui
"Uen borsee. The Uaion loss was four killed and
?ix wounded. The rebel loss was about the same.
Our New Orleans correspondcnre to-day is very
interesting, particularly the description of a visit
of the officers of the rebel General Haggles' staff
under a flag of truce, and their courteous recep
tion by General Butler.
? MISCELLANEOUS NEWS
The steamship Edinburg, from Liverpool July
17, arrived at this port yesterday. Her advices
are anticipated by her own arrival off Cap* fiace
and by the Australasian, which arrive d on Wed
nesday. The Edinbnrg belongs to the Liverpool,
N?w York and Philadelphia Steamship Line, and
comes as an extra vessel, with a full cargo, in unti
cipation of the new tariff, which goes into e tot
to-dfty.
The Legislature or Kentucky, vrhi' h is called to
meet ftt Frank;ort on the 14th inst., is divided on
the question of rebellion as follows:
L'niirt Newsst'on.
Kenat?
House "?r? 25
The anniversary of the British \V>st Indi i eman
cipation will bo celebrated to-day hy th? riiuger
worshippers of Boston at Abington. Garrison
and Phillips will be on hand.
The Executive Committee of the constitutional
Union or Bell and Everett party will meet in Al
bany on the >tb of Arignet.
Memphis may now be considered a strictly Union
city, the nixie secessionists having been forced to
skedaddle by Order So. 1. The last batch of
them left on the IHh of July, having been escort
ed beyond the Union lines and turned loose in
Dixie, where the con?cription law will soon gob
ble them up. The Jtvtlfftn sftys that most of those
who were too " patriotic" and const ientious to
swr ar allegiance to the Uaion were not over nice
about paying their debts.
On tfee 15th of July John Morgan, Brigsdier Ge
neral <J. 8. A., and chief bnshwhacker and horse
thief of the rebel army, entered the Ktate of Ken
tucky lee the purpose of liberating Ms " fallow
Kentacklaas fraaa the 4a?pet!ani of the tyrannical
flftaattaiaa af <4e cowardly foes who fl?d frmn his
avenging arui." Five days after he, with ?* many
of his brigands as lit' could keep tot?etl?*r, were on
the full gallop to get out of the StaU. with
(icaeral (ireen Ciay Smith oWne at hi" hoels.
Morgan had a poor i>i>iuion ^ ^is trionda in
Kentucky.
A mat h has just been in do between the two
celebrated oarau?ou, James Hainmil, of Pittsburg,
and Joshua Ward, of Nuwburg, to content for the
championship at Philadelphia. They will row two
races on the Schuylkill river one for five hun
dred dollar#, to take place on Wednesday, the li:h
of August, and the other for alike sum on the
following day. Mr. Ward has been the acknow
ledged champion hereabouts for a number of
years past, aud Mr. Hunimil has some reputation
us an amateur on the waters of the Alleghany.
IIih success at the Boston regatta on the 4th July.
made him bold, and prompted him to challenge
Ward. There is no tido or current in the Schuyl
kill where the race will be rowed, and as each
man will have nearly a separate course, and turn
a separate stake boat in order to avoid the daager
of collision, the best man will probably win.
In that portion of Illinois called Egypt, the peach
crop is lsrger than it has been for a number of
years past. Already they begin to find a market.
A couple of bushwhackers attempted to aasaaai
nate ex-Governor Robert M. Stewart, near St. Jo
seph, Missouri, last week. He was on a stumping
tour, and was fired on by the rebel bandits,the
ball passing through his hat and grazing his head.
Seventeen of Morgan's guerillas, among whom
was a minister, were put in the military prison at
Louisville on the 25th inst. The blood of murder
ed men demands the summary execution of these
rebel bandits.
A storeboat at Broeks' Landing, near Enterprise,
Ind., which was owned by a secessionist named
Hughes, and was known to be a rebel depot
through which goods were transferred to Dixie,
was burned, with all its contents, by the govern
ment ram Hornet, last week.
All recruits who enlist in the old regiments will
be discharged when the regiments are mustered
out of service. Some regiments have now less
than two years to serve.
The case of Samuel Norris vs. the Providence
Tool Company was given to the jury on Friday
last. A verdict was returned for the plaintiff for
$13,500.
During Gen. Beauregard's stay at Corinth his
army was nearly doubled in numbers by the opera
tion of the conscription law, and yet not one new
regiment was added to his force. He placed, by
order of Gen. Johnston, all the conscripts beside
the veterans in the various regiments, and by this
means kept up a perfect discipline.
A detachment of the Seventh Missouri cavalry
had a fight with thirty rebel guerillas on the
Blackwater, near Columbus, Missouri, on the 21st
of July. The bushwhackers lo-t five killed and eight
wounded (prisoners), together with thirteen
horses, ten guns, six pistols and a quantity of
ammunition. On our side only two men were
wounded.
The guerillas have at last penetrated into New
York. Two rebel jayhawkers have been arrested
in Onondaga county and taken to Syracuse, on a
charge of horse stealing. Six horses were taken
from them, and it is expected that more will he
found. One of them, whose name is Marks, pro
bably belongs to Morgan's band.
The Corporation and individual subscriptions
for the benefit of the newly enlisted soldiers and
their families already amount to over five millions
of dollars.
The body of Morgan's guerillas and horse
thieves succeeded in making their escape into
Tennessee. Gen. Greea Clay Smith, who hurried
them off, had given np the chase, and was at Leba
non, Kentucky, on the 28th ult.
In Orleans county, in this State, they give a cow
to the wife of every married man who enlists.
The Palmyra company, Captain S. B. Smith, is
fall?one hundred and one men?and ready to go
into esap.
At the meeting of the Commissioners of Charities
and Correction yesterday a communication from
the Wsrden of Bellevne Hospital informed the
Board that on the 24th of July 310 sick and wound
ed soldiers were landed there by the steamer C.
Vanderbilt, and that they have since been under
the care of the institution. The number of inmates
in the institutions now is 6,776?an increase of 131
in a week. The number admitted last week was
2,186, and the number who died or left was 2,053.
A man named Gregory, who was arrested on
Wednesday afternoon for using weasonable lan
guage, was convinced by the United States Mar
shal of the propriety of taking the oath of alle
giance, and before the telegram from Washington
arrived fixing Fort Lafayette as Mr. Gregory's
residence he was made a loyal citizen, and was
duly enrolled a member of Colonel Turnbull's Me
tropolitan corps.
The receipts of cotton at Lafayette, Indiana, for
the week ending the 26th ult. were 2,620 bales.
The receipts for the month were 25,000 bales.
The stock market wis dull yesterday, an<t in tb? alter
no<>n prices were lower, ma nly on the strength of the
renfilcttng rumors which are afloat. Money was ib in
duntat 4 a 6 per rent. Geld r<?e to 116V? a 116. Ex
change elosed at 13? a 137.
The cotton market was attain firmer and higher yester
day The sales embraced 1 VOO bale- ft o{?ned at
about 47c. a 46c and closed firm at 49c. for middling
upland* Afterwards holders generally demanded 60c
;?r lb. The flour market wae less aetive. and closed at
easier rates, especially for State and Western brand?.
The chief demand was frem the domestic trade Wheat
wss beavy and rather oasler. though telerahly active;
the advance in freights tended to depress prices. Corn
was m good .lemawt. though doting with lesi 8r??"*s.
Good shipping tote Western mixed sold at 55c a.***
Pork wae In geod demand and at tjrmur prices Sales of
mees were made at $11 a $11 13* and of prime at $(? a
|9 50. Sugars were tlrm but less active, while the sales
embraced about 500 hbds and 10 l>oxw. (?ff*e was Bra,
while sales wsre limited. Freights wore firmer, vr.th
engagements of wheat to Liverpool at 14d and flour at
4s Wheat to l/mdon was reported at 14d. and flour at
4i. a 4s. 3d
The Herai.d, thk Tkihi-m: ixn rni ENOi.rra
Pkeh".?In yesterday's Tribune it is gravely
charged that the Heiui.p must be the organ of
Jeff. Davis became it replies to the gross insults
lavished upon thin country by tbe English
pre** with sound argument, juit resentment
and proper American spirit. This Is logic
characteristic of tbat silly, miscellaneous
jumble of odds, ends? and tern- which is cover
ed with a white hat lays claim.- to manhood
and calls itself Greeley. This is his weak reply
to our logical demonstrations that abolitionism
ia treason. arid that consequently be is a traitor
and his Tribrnt is a treasonable organ Like
tbe monkey who ??aw a man shave bituseli. and
cut its own throat in trying to intitule liim. po<u
Greeley imagines that he can safely call u
names because we convict bim of crime, for
getfui that be otly hurts himself by the it
tempt. Greeley is a very se-.-dy abolitioni t
now-a-duys. and has not a friend even in Eng
land. where abolitionism was once popillai but
where secessiooism is now all the rag* If
Greeley wishes to become an English Item,
therefore, let bim republish some of those arti
cles in which he applauded Jeff. J)avis and ad
vocated rebellion on the principles of the De
claration of Independence. Every day or two
he ?eeks to aid the rebels by publishing an
article with some such ideas in it, and we think
be already deserves complimentary notices
from the London TVnec, tbe Richmond Enqvimr
and the other rebel journals, as well as a pass
to Fort Lafayette (or tfca Almshouse) from
Heorsterr Htanto*
Tike Mtk'l Army uf Virgin ??\?~ce*?ity
of Iiuuir<lial( tod Kntrjisiic Actio a ?!
WanliluKton.
From various concurrent sources of infor
mation we pet down the armed forces of the
rebellion now in Virginia as not leas than three
hundred thousand men. Thin vast arm/ lies
between the line of the James river and the
Rappahannock; and whether the bulk of it
will move northward to attack the army of
Geo. Pope, or dash down the James river upon
the army of Goo. McClellan, is now the fore"
most question in the public mind. Gen. Mc*
Clellan is not prepared to advance against an
opposing army of three hundred thousand men
in their strongest position behind the fortifica
tions of Richmond; and Gen. Pope, for the
present, is doing all that can be expected of
him, in keeping a vigilant eye upon Jackson,
Ewell and other rebel chiefs threatening the
reoccupation of Manaasa*, or another descent
down the valley of the Shenandoah and a raid
through Maryland for the back door of Wash,
ington.
We know, too, frem the recent sanguinary
battles before Richmond, that the rebels, when
they discover an opening for a damaging blow,
will not wait to strike until it may suit our
convenience. Their programme is for a short
war. They cannot sarvive a long one. Hence,
under their sweeping conscription act, they
have mustered every able bodied white man
within their reach, between eighteen and thirty
five, into their army. Hence they hare con
centrated the elite and the bulk of this great
army in Virginia, for a "short, sharp, despe
rate" and decisive straggle. They may be
mistaken; but the interpretation which they
give to the late seven days' battles is that Rich'
mond is safe for several months to come, with
a comparatively small force left in the occupa
tion of its defences, and that they are free to
move at any time a body of two hundred
thousand men to Harrison's Landing or to the
Potomac river.
Such is the situation and the indicated policy
of the great rebel army of Virginia. Jeff. Davis
and his confederates, having resolved to risk
their whole game upon "a single hazard of the
die,"' are wide awake. Their resources are
taxed to the uttermost to feed and clothe their
great army, and hence they appreciate more
than we do the importance of energetic action
and the value of time. They must use their
present army before it is frittered away; for if
frittered away they cannot replace it. It is all
they have. If we, therefore, are not prepared
within a few days to resume offensive opera
tions, we must be prepared, north or southeast
of Richmond, to resist the shock of the enemy;
for we apprehend that the present calm is omi
nous of another storm close at hand.
We ought to have to-day an army of three
hundred thousand men in Virginia. Why have
we not? If the rebels can raise such an army
from a white basis of five millions, why do we
of the loyal States fall short with a white popu
lation of nearly twenty-three millions, and while
in everything else our means and appliances
for war are aa twenty to one compared with
those of the rebellion? It is because, relying
upon our consciousness of strength, we have
failed to exercise it, while the rebels, conscious
of their weakness, fight with the unanimity and
the energy of despair. We can afford to trifle
with them no longer. We must be prepared
within this month of August for a reckoning
which will substantially end this rebellion, er
for an exhausting and ruinous war of indefinite
duration.
We have been lighting this rebellion for
fourteen months, by land and water,
around a great circle of three thouaand
miles. Excepting one tough and troublesome
link, we bare destroyed the whole chain of the
rebel defences of the Mississippi river, and
excepting two or three we bare conquered all
their strongholds on the Atlantic seaboard. We
have rescued Maryland, like a brand from the
fire, and Missouri and Kentucky: we have over,
run Arkansas; we hold the State of Tennessee,
the greater part of Louisiana, every important
point in Florida, and parts of Mississippi, Ala
bama. Georgia, North and South Carolina, and
more than one-half the great State of Virginia;
so that, with the fall or Richmond, the chosen
capital uf their confederacy, the game of Davis
and his fellow conspirators is at an end. and
they know it
They have shaped their plans accordingly.
They have left their extremities mostly to the
protection of irregular troops and guerillas, and
have gathered up their substantial strength
in the fiel<fror the defence of Richmond, and,
if deemed expedient, for a dash upon our own
capital. We must be prepared to meet the
enemy as we And him, and we must be prepared
to meet him, not when and where it may suit
our convenience, but north or east of Richmond,
at a moment's warning. What, then, would we
have the government to do ? We would have it
gather an army of three hundred thousand men
into Virginia at once, and from the old troops in
the field in other quarters, if this army cannot
otherwise be immediately raised.
But it can be otherwise raised, and twice
over. The government appears to be satisfied
with the volunteering system ; but the country
is not satisfied with its apparent results at thin
crisis. The question still recurs, Why delay a
general draft or a call upon the militia, which,
in thirty days, would place at the President's
disposal five hundred thousand fresh men. and
end the war in three months ? and, especially,
why this delay, when neither McClellan nor Pope
is strong enough to advance upon Richmond?
Call out the men With the well trained troops
of McClellan and Pope to lead lh< in, our new
soldiers will need no preparatory drilling.
Under the firnt Napoleon the raw recruit o'
Monday was of ten the equal of a veteran soldier
on Tuesday. We dare say that one-half the
rebel forces in the late battles near Richmond
were w recruits; but, led on by experienced
briiradch the examples in front and the weight
of the ,; numbers aipplied all deficiencies of dis
cipline it i- idle to talk of arming the negroes
<_V and bye, when our present want is an army
ni whi - men three hundred thousand strong in
Virginia, .aid when we can have this army there
within thirty days.
The country is anxious to bring its strength
to bear at once upon this rebellion in Virginia,
und we call upon President Lincoln to meet the
wishes of our loyal States and people, and to
put an eud to the shame and disgrace which
will fall npon the government with the ruinous
prolongation of this war. when we may end it
in a brief campaign
Thic Grkat IjIa* of thk UxtTin States. - See
Senator WHson's speech in the 1'nited States
Senate on the 24th of last March, and his speech
at NewUwn MMsachuaetts. about ton davs ago.
Aiiiri Unit Systciu.
It in a singular phenomenon attending the
various financial doings of the day that, not
withstanding the issue by the government of
a hundred and fifty millions of legal tender
uotfvt, and the opposing issue by the several
banks throughout the country of above two
hundred and fifty millions of bank paper, yet
the prices of commodities in general have not
perceptibly risen in value; or, in other
words, no great or serious inflation of prices
has taken place. It is true that silks. kid
gloves, and some expensive articles of foreign
importation, have greatly risen in price; but
this rise has reference to the action of the new
tariff, and is wholly unconnected with our do
mestic trade and with th? abundance of the
currency. We may take, perhaps, some other
opportunity In attempting to explain this phe
nomenon. In the meantime the deduction flows
out of it beyond contestation that the finan
cial course of our government is a suc
cess, and that the issue of legal tender
notes, independent of the war demands,
was a necessity. It is made evident that the
country stood in great need of an increased
currency, which, from whatever source it pro
ceeded, has all been absorbed in the necessi
ties of our internal and domestio commerce.
But notwithstanding this propitious aspect of
affairs there ure not wanting shriekers, croakers
and adversaries who exert themselves to the
utmost to defeat, and, if possible, to destroy,
the course of financial management which has
been inaugurated by the United States Trea
sury. The opponents of our new Treasury
system are principally, if not wholly, the Eng
lish financiers in England, and an interested
bank party at home, of both which the motives
which actuate them are transparent They see
in our system the loss of profitable loans which
they had hoped to negotiate at an immense
profit to themselves, while here at home they
have the additional incentive which the fear of
the loss of the monopoly of supplying the
country wyf^flpency supplies them.
This oppoltfSto the financial course of the
government involves the parties to it, both at
home and abroad, in the grossest contradictions
and inconsistencies. They have been great
admirers and Imitators of the English
system of paper money, and now they set them
selves to decry and opposa the very system
whioh heretofore they have so much applauded.
The course pursued by eur government is the
same as that which Mr. Pitt followed in a crisis
of financial difficulty and distress. He author
ized the Bank of England to suspend specie
payment, and from that moment till 1821, when
Mr. Peel brought about a return to specie. Bank
of England notes were constituted the whole
currency of England, and were, instead of gold,
a legal tender. It is well known that an at
tempt was made at that time to raise a panic
and to discredit the government credit.
Shortly after the adoption of this bold
measure by Mr. Pitt, stocks fell from 90
to 50. The Lombard street of London
was like the Wall street of New York
it contained speculators and brokers, who had
an end to answer in decrying the public credit.
Tha same scheme* are being tried now in our
Wall street; but they will not succeed. The
plan adopted by our government, if very similar
to the course of Mr. Pitt, is dissimilar in a most
essential point, and that is, it is a vastly stipe,
rior plan?one which will outlive the war, and
require no second Sir Eobert Peel to mend and
improve it. Our new system is a measure of
finance, ia which all the advantages of converti
bility into gold are effectually secured at once
It is a system based upon the national credit,
supported by an adequate system of taxation, and
securing to every person throughout the country
gold for all the legal tender notes he may ac
cumulate whenever he pleases to turn them
into stocks and receive the interest of his
investment in specie. Such a basis for the
support of our financial system is infinitely
superior to any bank credit which formed
the basis of the English system. In the mean
time a temporary agitation in Wall street,
a great rise in the price of gold, ami the rise of
foreign exchange, have given increased energy
to the opponents of our financial system. One of
our contemporaries the other day. in its money
article, came out with a wonderful discovery,
which assuredly required all the genius of a
Baron Munchausen to hit upon. It. has dis
covered and solemnly announced the fact that
in consequence of the price of gold and the
high rate of foreign exchange "the use of
about $90,000,000 in legal tender notes, for
about six weeks, if persisted in, will take from
the people! pockets this current year cash to
the amount of $91,000,000." We quote the
very words of this splendid Munchausen, who
modestly calls this monstrous hoax " a clear,
plain statement of the practical working of the
paper money system of Mr. Chase. Really, if
this aga may boast of some great inventors
and inventions, there is evidently a great draw
back to its glory in the magnitude of the con
summate impudence and lying of ?ome sperial
spirits and drawers of the long bow.
Here we have a wonderful discovery with
respect to the issue of ninety million* of good
wiiDd money hv the national government. But
tbequestion naturally presents itself, -'Why ima
not this nr a similar discovery made with re
spect to the issue of many hundreds of million*
of doubtful, unsound paper money, issued by
the fifteen hundred and odd banks of irrenpou
siblc or precarious corporations throughout the
c< iitry during tue Uiht ten years ?" How much
money have their issues in all that time taken
out of the pocket* of the people ? It becomes
a qiK'-tion ot the rule of three: " If ninety
millions of good, sound paper, issued by a re
sponsible government und people, will take out
of people's pockets ninety-one millions of money
in six week1- time, how much money have at
four billions of unsound, doubtful money,
issued by all the bank* within the last ten year*,
taken out of the people's pockets?
Indignation would be thrown uwayatid wast"
e<l upon such mad and preposterous halluclna
tlons, which, however, are evidently only put
forward to deceive and bewilder, without one
word of his own absurdities being believed by
the writer. Contempt even is too much for Stick
ti hose effort made to deceive and iilarm the ig
norant. How is ii that the fierce opponents of a
sound currency, when lhe people, driven mad
by the ?<? indling and fraud" of bad banks,
sought, under General Jackson, some remedy
for the evil and some protection against rob
bery ~ how is it that then, at that day, they dis
covered nothing wrong In their own fraudulent
system of bad and doubtful paper? And how
is it that now, when the government is provid
ing a sound, redeemable and uniform currency,
they suddenly beoome bullionlsU. and cry down
good securities to prop up and keep in action
their own bad ones* Consistency id tritely said
to bo a jewel. Well, then, if they cry down tie
good currency of the government, let them come
out manfully and consistently, anl more loudly
cry down in much fiercer toues thoir own bad
currency.
All the temporary clouds and interested
alarms raised in Wall street will soon pass away
and leave not a trace behind. Gold is wanted;
but it is not wanted by the people; they are
well ploasod and satisfied with their own na
tional currency; all they waut is to get rid of
a bad and troublesome currency of local circu
lation, for a secure, uniform one, at par every
where throughout the country. The present
demand for gold is the demand of speculators
and foreigners, and will soon pass away. It is,
'n its present high rate, like the enormous price
of some choice tulip roots in Holland, which, at
one time, could hardly be bought for money;
but after a time tulips fell to a natural price.
while the people in the interior went on eating
and drinking as usual, and not one in a thou
sand was affected a straw by tha extrava
gant rate of tulips.
Victoria Rales th? British Policy
Towards tits United States.
History delights in surprises. The tone of
the debate in the English House of Parliament
upon Mr. Lindsay's motion to recognize the so
called 8outhern confederacy was very curious
and remarkable. Judging from the excited and
insulting utterances of the English press, every
one expected that Lerd Palmerston would de
clare himself in favor of at least speedy media
tion or intervention in our affairs, and that the
discussion would be characterized by the most
bitter feeling towards the United States. It is
almost needless to say that every one was dis
appointed, and that, while the rebels were en
thusiastically praised by the movers of the mo
tion, no one upon the ministerial benches in
dulged in any direct attacks upon this govern,
ment, its laws or its proceedings.
When we compare the speech of Lord Palm
erston during this debate with the former
speeches, not only of his lordship, but of Earl
Russell, Mr. Gladstone and other members of
the government, we cannot but wonder at theii
sudden change of sentiment and at the guarded
reticence of expression and careful reservation
of opinion as to future probabilities which
were scrupulously maintained throughout thig
discussion, in spite of the excitement caused by
the London Times' bogus telegram, announcing
the capitulation of McClellan's army. We may
perhaps account to some extent for this change
by remembering the influence which the recent
displays of the power and resources of this
country have probably exercised upon the minds
of the English statesmen. At the time this de
bate occurred, however, the news of the tem
porary repulse of the national forces from
before Richmond had reached Europe, and
the leading English journals bad even magni
fied this temporary check into an utter rout, a
headlong retreat and a disorderly flight before
a triumphant foe. On the very evening of the
debate, also, the London Times published a
spurious despatch, which facts previously
known were distorted to corroborate, circum
stantially detailing the surrender of part of
McClellan's army and the imminent danger of
the remainder. It seemed, therefore, as if the
evil gods had conspired to make Mr. Lind
say's, motion apropos, and to secure its adoption
by a large majority: and we ean scarcely think
that, at such a time, the fear of our hostility
would support Lord Palmerston in opposing
any debate in regard to our affairs. We must
seek some other explanation, then, for this
change in British policy; and from many public
and private advices we are constrained to be
lieve that it is attributable to the influence of
her Majesty Queen Victoria?onr only friend in
the British government.
It is now generally admitted that by the
death of Prince Albert Knglaud was deprived
?f ? wise, sagacious and liberal statesman, who
never obtruded himself upon, but who always
greatly controlled, the more important opera
tions of the government. The influence of such
a consort upon the Queer herself cannot be
overestimated: and now. that his death has
made ewn his lightest word memorable, her
Majesty Is doubtless us strictly guided by his
advice as if he were *till happily present with
her. That Prince Albert wax the fast and firm
friend of this country is undisputed. During
the rage excited in England by the Trent affair,
he alone remained calm, unprejudiced and con
ciliatory. With almost the lust pulsation of his
heart he soliened and amended, by his in
fluence. the fir?t despatches to Lord Lyons,
which the excitable members of the gov
ernment had expressed in terms rather befitting
a declaration of war than a preliminary diplo
matic note. On his deathbed, it is said, Prince
Albert advised the Queen never to consent to
any measures which would destroy the friend
ship existing between this government, and that
of England. We can imagine how this advice
would be received and followed, coming, as it
did. with the combined authority a husband
and a trusted member of the royal family. By
what arguments?if by any argument*--of
policy, expediency, mutual interests and future
coalitions. Prince Albert justified this advice
we know not; but certainly. if any arguments
were needed, the Queen could not fail to tlnd
them upon every hand. No doubt, however.
thut while considerations of state muy have
steadied the Queen s head during this business,
considerations ul feeling have controlled the
heart of the royal w ife and mother, who finds
the strongest incentives to an amicable policy
in the recollection of her husband's wishes and
of the splendid reception?unparalleled in his
tory - which the loyal .States of this republican
country gave to her son. the Prince of Wales.
We cannot but believe, therefore, that there is
something more than surmise or conjecture in
these current reports, and that the restraint
which the'Kmperor Napoleon and the English
aristocracy are forced to put upen their media
tion and intervention schemes is attributable to
the kind and firm sentiments of friendship enter
tained towards this country by her Majesty
Queen Victoria, und heartily reciprocated by j
the people ot the I'nited States.
VraoMtti Coram of m?. Lwoout. Froa a
proclamation from the War Department, which
we publish to-day, it will be aeon that the re
sident has directed the Secretary of War to
eanoel ail furloughs on the 1 lth of August; and
all officers on leave not returning to their regi
ments by that time will b? onsidered as dis
missed from the service This is a vigorous
course and absolutely necessary We are in
the crisis of the war, and ? ' .ry man is needed
for the field. Let no skulkers be tolerated.
Vast consequences depend upon the campaign
of the next three souths; and it may be upon
the military events of the next few days. All
who wear the uniform of the United State*
ought to be ashamed to be seen lounging abou*
the streets of Northern cities, unless they ars
disabled for uervioe, when their country calls
them to the active service of the field, where
the Union is to be fought for and lost or woo.
This proclamation gives token of the vigoroiM
prosecution of the war, and it ought to be met
in a corresponding spirit by all who are en
listed in the good cause, and by all able bodied
men who have not yet entered upon the con
flict. A short and a vigorous war ought to bo
the motto of the government and ths peoplo.
Tim Appointjiitjrr or Admirals?Ihjustkw er
this Navy Department.?The now organization
of grades in the navy has afforded an opper*
tunity to the head of the department to do ?
grievous act of Injustice to the most deserving
officers, and a flagrant wrong to the whole oou
try. In this war the navy is the exception to
the rule of failure. The navy has done every
thing; the army little or nothing. The oflfeen
in tho nary who have shed so mueh
glory upon it are Farragut, Dupont, Foote.
Porter, Worden and Davis. But in w?H>|
the appointments of rear admirals, in par*
suance of the recent act of Congress, *
man who has done nothisg at nil, and whoM
want of efficiency has been the chief eause of
the operations of McClellsn on the peninsula
failing to accomplish their object, has boon
placed at the head of tho navy. Goldsborougfe
has been appointed senior rear admiral?a bum
whoso supineness and neglect in not destroy
ing tho Merrimac baffled all the plans and
calculations of McClellan in making the James
river his original base of operations. Farragut
who is senior officer on the old navy list, aof
on that ground would be entitled to bo
placed at tho bead of the new list*
is superseded and placed under Goldsborough,
the least meritorious officer of all. Seniority,
therefore, is not the rule. Merit is not the rule;
for Farragut has done more and Goldsborough
has done less than any other man. What, then,
is the rule? Is it the aAitrary will of a Cabi
net minister, in a time of war, when ths moat
vital interests of the nation are at stake? The
country demands and expects an answer. Under
all the circumstances, there never was a more
unjustifiable course pursued, and the peoplo
are extremely dissatisfied with it. If officers
who have won such laurels for themselves and
glory for the country as Farragut, Dupont,
Davis and Porter are to be slighted, and a less
efficient officer placed over them, whose con
duct has been as unfortunate to tbe nation in
one department as Fremont has been in aik?
other, what can we expect from our naval ser
vice but failure hereafter? The appointsMnt
of Goldsborougb is outrageous, and the popular
sentimont demands the abrogation of ths act.
Ths Fatb ok Senator Wilson.?We have
just succeeded in politically killing of
Mr. Senator Wilson, of Massachusetts, and
Chairman of the Committee oa Military Affldrs
in tbe Senate. We have got him in i snuf
coffin, with "The Liar of the Senate" inscribed
on a brass plate, it is our intention to ghre
him a splendid funeral In a few days, due no?
tice of which will be given to the pnblte.
Bcsuras a* ih? Crsiou Hoeae ?Yuvtrte; wis m*
buwest day wt a 6u?y muui at the CmUb House. The
b?w tariff lalcei effect ro-day oa all good* M SkipbearO
and en all goods arriving after this data. Tartar Oaf
was, therefor*, tk* last on which the aid rates ef My
could be paid either oa geoda reoeat ly arrived aad net
thea bi'Bded. er od goose bonded under Uie laws msntsl
previous to August 6,1862. 1 be arrival of the Austra
lasian with a valuakle cargo, increased the boetaee, OU
ready very heavy To afford every just esnveaiSBM IS
Importer*, tke Collector cemented to receive Sottas eu
all entries psssed up to three o'cleek. Ths sastsassf
late Las keen to receive no duties after that time sr day,
whether tbe pernoa deairisg to pay them was prevsatsd
by tbe crowd from doing no before that hour er a*. At
three o'clock tbe cashier's office was completely psiQeS
with importers de?ir?>us or paying dutits before tho
close of the da>
Tss 0>lt tNiox Flag Fnrxn is Alabama.?There Is si
present on exhibition at Ball, Black k Co.'e, of this city,
the only l/nion nag found floating in Northers Alabama
on tiie march of the t'nion force* through that portion of
the Stats The flag wan found nailed to a staff which was
placed upon the house top ot tbe lieu. George W. Lane, la
huntsville, Alabama. It km discovered by the Tbird
division of the Army of Ohio, uuiler Mnjor GeasrsI
Mitchi-I, on their entry into that city. Mr. Lane is SS
present CuUcd State* District Judge, and is the only
A tabs m tan who accepted of aa office under President
Lincoln.
Nlino's Gasdkn?Kahswuj. Boron or lis. Joss
Court*.?Mr John Oolllas, the popular Irish vooaliat
takes nil" farewell benefit at Xi bio's Garden this evening.
The three act Irish drama "Rory O'More" will be playsd,
and Mr. Collins will totrodice several >?ong?. On Satur
day evening Mr. Collins closes his successful engagement
at Nibln's. aud in s fsw weeks leaves for Kurops, kfc
first atwence for sixteen years. His benefit should be a
bumper.
NnwaM, N. J., July 81, IMS.
The city of Newark has to day commeaced issuing law
certiOi'nles. in aom* ranging from ten to ninety coats.
Perianal Intelligence.
General O V Mlt< he I, of the United Mate* Army, ar
rived at the Kverctt House yesterday.
Due de Pentliievre and Or. Kauvel, from Newport, R. L;
Captain < ook, f>l Hie aUwmahip AuatralaalM: Colonal Daa
berry. ?>f K ingslnn, C. K., find fien. Kittrldf*, of Onofc
nati, ure (Hopping at the Brevocrt Mouse.
Dr. J. B. Brown and Dr C. C. Keeney. ot tlie United
State* Army; .1. K Hlythe, of St. Louie; B. Haynea.af
California, and W. H. Pa**more,of Memphis, Tenn., wars
among the arrival? at Hie Mrtropolitan Hotel yesterday.
Hon Tadock Pratt, of Prattsvllle. V Y.; A. C. Baratow
and family, of Providence; .lobn Pottiteoue and family, of
Hashing' n II Fnrimm and family. of < hie-ago, and L.
W Coo, of Wat or bury, Conn, are Mopping at the at.
Nicholas Hotel
George F Lee. of Peeksklll, I A Darley, of Newpert,
R. 1.; Mr I'avlor and wire, of Washington; John P. Ken
nedy, of Nrw York, laaa< Itavm and family, of Worcea
ter, 8. Kern A P Frank, Franc inco W. Amengoe, Yztia
lio Annua and .lose Y Fernando*. of Havana, are i-topping
at the Clarendon Hotel.
R C. Fo* and wife, of Wnatungton. .1. W. Riddle ant
wile, ot Philadelphia If B. Gray. ol ~ao Fraur.imo, M.
Washburn. F. P. Luvell and wile, of Ronton; H. H. Big?
|ow,of San FflUJClfCO; ?. Clark and wife, of Oswego, J.
T. Ames. of Chioopee, K 8. Morton, of Vermont, and S.
ft. Bartlctt aod wile, of Newark, were among the arrival*
at the Alitor He me yesterday.
Mr?. Marianne V in ten Sot'dard. the daughter of the
late Hon -anmel S. Vinton, ol Washington, a lady of
oouctdsrable literary and linguistic aualnmaatv la about
publishing at l.lpplnrott At t o 'a a translation of tbo
Spanish "F,-?*a> on I 'alhoHiiism, I.lberallam and Socl\l>
I'm. eonaider- d in their Fundamental Principle!," by
Uonoso < orte?, Marquis of Valdeuamns. We have no
doubt that the talented translatrnss ha* done f ull .lusth o
to tier subject, and rendered the text in language that
w'll entitle the translation to a place among the lioautlea
of Keglii-b literature.
Arrival* at Mcrormlck's Itoyal Victoria Hotel, Cork,
lieland? Prince de Jotiivilie. liuc de Cnartraa, Comto
de I'aria, Mr Morhatu, l?r l.eclerc, New York, M Fur
long. Milwaukee. Wis., Mr and Mr* Drysdall, Quebec;
Keyran f-kerrj Halifax, N S.; Win. I>avls, John Holmes,
IT. Mummers, New Orleans. C. M. Bailey, B. Stevens, H.
Jackson, New Vork F. N. Carpenter, K Williams, New
Jersey, K?< F. l.-ichat, W. Symes, Kev M Hart, Hn*tnn|
James Murphy, Woahiufton Rirry Filh, John D. Fiih,
Philadelphia; James Day is, I1 Brannan, New York; John
Stewart, family mid ?ervaut. do ; Mr. and Mrs. T.J.
O'Connell, Miss O'Contjell, F. Iw.rgaa.K Keneflck, Mrs
and Mine Boyle, New York , Joseph Richardson, Richmond;
Thorns* Sullivan and family, Miss Sullivan, New Orleans,
Mlsa Tyndall. Baltimore. Mr and Mrs M'Camley, Ckl?
aago Mr and Mr* t rewford and son. Philadelphia. Mr
and Mr*. Smyth and aerraal, Waahlagton, Mi?* Power,
Miss rthelly, New York
Arrivaliand Departures,
ARRIVAL*.
Mitiasin?Bark Stampede?K C Alfonunn, Mrs M A Btu4^
St Dontaoo Citr-Brlg W R Elbhy?Wm o w .taegar. 0 a
Com Agent, H lx.ewealwrgar, ArtoutJaurtng, B B
St PetsM, NP-?Brig vMeK-A 8 Rramsa.