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NEW YORK HERALD. J AUKS UOltOOM BUMNKIT, EDIIGK AND PROi'IUt'I OR. ?rnr-EN w. coBNEHai' pulton aso jus'uo sti I'olgiut UVU. ISO. ill ?=' ? - - :? ???.."?: - ?.YlU.SEUE.Nrs Tills EtRSlSQ. NIBL0 3 (14RDEV. Broa lw*j.?Rost 0'Mio??. WALI.AOK ? THEATKB. No. $44 BroaJway.-Fiu l)lAVOLo? iUlSH HuKMON WIN'TI.B 13AKDLN, Brua RicuemE'-?RoccB VUNMII. NEW BOWERY Till:AT KK. Bowerr ? Pi0L Jqnci? Bout O Mo? -Buiikt Si-eciub 13kid*<j..ckjm. BOWERT THEATRE. BoWTJ. ?La Toca Da Nasus? BcuoOLMaaTEH?Wizabd SEirr. NIXON'S 1'RIMOR.NE OVRDKS F?<irte?nth ?tr?et and BtUll avonra ?Ol-EB... MAU.A.T, t'R0Xk.H.4DE COMCEUT A .Ml X?ntiUA.M.ai. AMERICAN MUSEUM. Broad? ar.?Trin Ik kvkd .-Ell Uai-.-t Sahilt, Ac., at ail h>.ur?. Two riCEo.xs?Nil- aso Tcca, aiiemuon aiiu eveu.ru CHRISTY * OPERA HOUSE. 585 Broalw-ny.?ETgioriAS Comus, Dabies, Ac.?Double Bedded Loon. WOOD'S MISSTRE1. HALL 514 Br<>?1w^y ?Eraioria* |OMG8, I>i.1Ck;8, AC.?AIKT GOT TlttK TO lAEHT. SUTCHCOCK'S THBATKE AND MUSIC ILAIaI* Canal Street.??oaua, Da.ncejs, Bi'blesuuej, ac. GAIETIES CONCERT 11 ALL, 6M Broailwar.?DeaWibo Boom Ektertaibbestb. PARISIAN CABINET OK WONDERS, S? Broadway. Oi-eii diulv from iu A. M. ull lu i' ?? Kew York, satunlay. Ang?iat i. IM'4, TIIK SITUATION. Tho rebels attempted to capture another schooner, lying off Harrison's Landing, on Wed nesday night, but were driven back. The "New Merrimac" was constantly looked for coming down the river. Recovered soldiers are continually go lug up the river to rejoin their regiments. Tbe rebel batteries on the south side of the Jaaies river opened fire at midnight on Thursday upon tbe mail boat landing at the headquarters ol Colonel In^alls, at Westover, killing four of our den aud wounding five. Colonel Ingalls returned the fire with thirty-two-pounders, and soon silenc ed the enemy's guns. A few of our vessels were struck by stray shots, but were not injured. Our correspondence Mm Harrison's Landing gives some interesting details of the condition o. the army and the movemeuts of the fleet. That portion of Commodore Porter's fleet which has arrived at Hampton Roads is comprised of the Racer, the Matthew Vas?ar, George Munchsn, I. A. Ward, Adolph Huzel, Daniel Smith and Vrm. Bacon. The other Qve are hourly expected to ?r rive. The Army of General Pope had advanced beyond Warreuton at last accounts. General Hatch's cavalry is r<*port:d to be actively scouring the whole country from the enemy's 1 nes to Little Washington, but is not meeting .with any lar^e forces. He, however, is making it too hot for spies and guerillas, many of whom are frequently cap tured and < onsigned to the charge of the l'ro\ost Marshal. General P^p* insist? npon carrying ont bis or der with regard to the oath of allegiance. Every one who does not take it must go outside bis lines. Th-! rebel citizens are correspondingly perplexed. A most entertaining account of ten months' resi dene in the South, and the difficulties of escaping therefrom, app"ars in another column. It is the hist, ry of a printer, who was permitted to com* North under a purport from the British ( onstil at Charleston, where he resided. Among other inci d nts re' .ted is the fact which he positively states was asserted in the Richmond Esaininrr office in his prepare, that "General Lee had 220,000 m.-n 4n the late battles, nr.d 10,000 iu Richmond as a rc Barve. Even th<- rebels accorded to Met ltllsn the gre*tilt praise for hia ma.steily retreat. On the 2d of July, the Examiner annoui c<d that he ?was surroun led, driven into a sw;fuip, and his dtor* -, ammunition, artillery and wagons cap tured. Ja k=on, it was said, was in hia rear, Huger vb ^i? left, Hill and Long street on his front, and Magruuer on his right, and V?c next day it waa confidently expected he would b< rs( ortcd through the streets in a cnge. Next day, however, the tune bad changed, and the E.aiiiittrr began its display head to the newt with this line?"The bird has flown." The rebels were outgeneralled, and McClel'an all right. This atat ment tallies very badly with the in sinuations of our radical journals, that the rebels bad but a small force in Richmond when General McClellan retired across the peninsula. lly the arrival of the transport McClellan from Tort Royal at this port yesterday, we are enabled to give our readers a goodly amount of news from that pla'e and from Charlefi'nn. The g.irrison at tb<- latter city has been gr. ally reduced by the re moval of tro'-ps to Richmond. Genera! G. W. Rmith i? in coi uiand there. Much di? satisfaction was felt berau-e General I ce d'd rot annih i ite General M Clellan in tbe late battles, and the in-' tilhh* nee that the rebels had lost forty thousand ?en in these actions d>i not lts?en the feeling oi (loom and Hscih. Wt, in our oorreapondenee from North Carolina we {Ive an ac( ount ol Bome brisk fighting and a deci victory for our troops oo the Trent road,'near Newborn, which resulted in the occupation of Tre^on by the Union forces. MISCELLANEOUS NEWS. fhe British *< Uooner M ir_. Mains, trom Nutwuu. K P-. entered at this port this ?r?-ek, brings a* K>urt cargo 74 bale* cotton an J Uki barrel* spirits j turpentine, and the British schooner Blanche, from liimc port, 209 bales rot ton. It would appear, from ? he peculiar '?argoe* continually arriving here from that p>rt. that the regular Ilnerabetwc.a that p>rt iv.d Charh -ton still continue to make their trip* regularly. Tli? termor fteuator Chandler, of Micliigun, ex pire* with th<? present Congress, on the 4th ot March next. Ilia chances for re-election are said to be small. Fo ir hundred and eighteen rebel church bHls, Which had been sent to New Orleans in response to the ? <?f (Jen. Beauregard, and captured in thut city, *<ro a<?ld la Boston no the 30th ult. They w ' tog< tiier upwards of one hundred thou ?and V, nud brought about twenty four thou ?a- i r<y papers ar? publishing th?> names of a nlcea of the Illin?->ia rpgiin< nts. . ? irk (New Jersey) Corporation shin f,u*' i ?<re put Id circulation yesterday. The ?ut? ar? of the denomination of ten, fifteen, t?reoty-tH ?<1 fly cent*. Fif^jr thousand dollars Wrtl. ki > I be -sued. There was a great ruah ffcr 'hem U Ji (jj.ii*. '.?! ;?a s ho t"? .Mntutei) !?/ the rebels at MurAreesWro whh Hmuu T. Orit teiideu, of Indiana, au.l not Thomas L. Crittendeu, or Kentucky. son of Hon. John J. Crittenden. We have now in the \ uious military prisons an ! depots, at Camp Dou J is, Chicago; Alton. III.; Camp Morton, Indium; Camp Chase, Ohio; Madi son, Wisconsin; St. Louis*. John-ton's Island. near Sandusky, Ohio; and on the Atlantic roast, about twenty thousand rebel prisoners ol war. J oka Van Ouren is seriously ill ?t l.ake George, and doubts are entertained of his recovery. During four days? from the ?2st to tin- 2>th alt.? there arrived at New Orleans, from the interior of Louisiana, 2,8'J4 hogsheads of sugar and oj'- bales of cotton. The number of vessel* entered at this port from foreign ports daring the month of July was US, and the number cleared for foreign ports during the same period 508. The same month last year gave 4CI entries and 415 clearances. The stock market wis better yesterday, and price* were all higher, with the exception of governments which are still languid. Money was abundmt%t 4 a 6 [iercent. Gold declined to 115.- ami exchange to 125 a lxti V The inport entries of dry gooda for the week were large. The cotton market was firmer and higher yesterday with sales of 2,500 bales, ch?r g stiff on the basts of 49*?c. a 60c. for middling uplauda. The flour market was less active, and closed with a drooping tendency for no^ descriptions. The p mcipal demand waa from the home trade. Wheat was Heavy aud rather eaater, especially for oommon qualltlea, while prime to choice iota were scarce and sustained. Corn opened stiff, but cioeed dull, with a fair am'xint of sales. Pork opened firmer, but closed dull and easier, with sales of mees at ill AV. aud which afterwards fell back te Sll; prime waa at $<J 25 a 50. Beef was firm. Lard was active aud still. Sug irs were steady, with sales of 1,700 hlida. The i> iQM of the Messrs. Stuart lor tUetr refined sugars are ?iveu Id another coluTin. The stock of raw suxar amounted to 37 329 hhds., against firt.7:;7 at the same time last year : 6.300 boxes, against 22,812 last yea; > 39 ?05 I'ags, against 191,449 l.ift'year, aud 145 hhds. me lado, against 7,781 last year. Coffee was quiet and slea !y 1 reights were las- buoyant and active; wtieat was taken to Liverpool at 13 -3d a 14 aud flour ji S?. 'Jd. a 4s. To London whe <t was at 14.1. and II ur nt 4.". a 4- 3d. V ^ Isohmm \\ nr?i he Meant, Power* nn?l Ucupuuiibitltlcii of Piealdcnt l.lu lolii. We congratulate our readers on tlse assur ances which we have received from vVa<hiiig tou, that "unwonted chivrfulness and anima tion" are now visible there; that, "wIthout know ing definitely what is to be done, all the friends ot tLe Uniou in that quarter "exhibit an uir usual confidence that a fresh impetus has been .liven to our military operations;" that '-the irrival of the mortar fleet at Hampton Road*, tod the sudden clearing out from tbe capital of mostT>f tbe officers who recently thronged the .notels and places of public report," have creat t-d the impression that important work has been cut out for our two nojjle armies in Virginia, and that its execution will be cotuutenced with out delay. All other Hcconnts from Washington substan. t!ate this cheering report. Best of all, every witness?soldier or civilian?who has rocentlv conversed with President Lincoln gives the -ame good testimony in his b-half. lie is tho roughly aroused and inspired with the spirit of our loyal States and people; ho fully conipre Hends their expectations and his responsibili and is resolved henceforward to use the ' jrces and the resourr es at his command, with ?ut stint and with sleepless vigilance and ener gy. in order to bring this boastful and menacing rebellion to a speedy conclusion. Ilia late -tringent order regard.ng absentees from the army will be equal, it is supposed, to the al. lition of from forty to fifty thousand men to our i loops in the field within the next fifteen days? while the recruiting measures which ho has .dopted, and others which he is considering, in onjunction with the local authorities of our loyal States, will soon fill up his late call for three hundred thousand men. We are glad to learn (hat ir federal. State, nninleip.il and indi vidual bounties to volunteers fail to meet.this r-quis lion in a very short perioi, a draft will be made upon the militia; for our loyal people, -/> Wise, instead of f. a ring this alternative, hope that it will be adopted, considering the trpa ^ing va tie of time at this crisis. President Lincoln has the confidence of the eourdry. No man doubts ln's honesty or his patriotism. Down to the recent seven (fays' bloody battles near Richmond he may, perbapt. have shared with the whole people of the North the belief that this war iu a week or two would be substantially ended; but those memorable seven days have convinced him, as they have convinced the North and all our loyal States, that we had vastly underrated the numbers of the rebel army and exaggerated our own. But if, in anticipation of a crowning victory at Richmond, the ener gies and vi^ilanco of the administration in re gard to our urniy were slackened, the severe disappointment wb'ch followed has brought its compensating reaction. It has taught us gov ernment and people?that while our warlike means, resources and larilitios are absolutely overwhelming, they go for nothing unless we bring I hem to bear ;n superior strength against Uie uctivs forces of this rebellion. Ib-re. then?government and people?we takw a new dej arture, and enter upon a new cum. (>aign equal to the full measure of the great work before us. The whole strength of the re bellion is now staked upon its great army in \ ir.Mnia. We have only to demolish that army .n order to end this war. Granted that it is an irmj of three hundred thousand men; we (fee no rei on why it should be pennitte I to hold Vir ginia beyond t >e 1st of October. President Lincoln ha? the p jwer ind the means to put to fl i,rht and di-per>o this defi.int rehel army w ith <n the next sixty d.yr?. Congress has invested biin with absolute authority over the men, money, means and facilities 0f the nation of every kind, for a brief and overwhelming cam. paign. At this moment no monarch in Christen dom, not even the Emperor of Russia, poweues a more ampb- ransre or authority than our mod-?t and unpretending President. Tlds au thority has been bestowed upon him to save the life and restore tbo health and integrity of the nitron. With the free and full consent of our twenty-three millions of loyal people, Con gress has given to President Lincoln the?e powers, meam and responsibilities of n tempo rary dictator; and our loyal people look to him oufldenco for tbe most beneficent results ' the country and to mankind in the w,lv j restoration of the Union. ' ! T ho new campaign ope?* with every promise o government appears at length to be fully impress(l w|th t(l0 Vl?n , ? of our loyal Mute,., and our worthy Pres ent fully realizing the dangers and demands or the crisis, and the means and gr-.-at advantages with in his grasp, is proceed^ to business in the moat satisfactory way. The great I.*,,,, <fl |jig hands is the life or death of the nation and its popular inst tu(ions; nnd the rcwatd that In i e? him on in his path of duty is u place In " i ' 1 maokiiuj ijecoud Only to that vf W I U 'v'"-a. ' I Tl*r Pluaucial System of-llie Ovrern Ull'Ut. The enemie* of the government?the mnnpy cro:il<ers and the opponents of tie financial pystem eitabliibed by the admlnhitrition to cany the country through the war?are still Industriously at work endeavoring to br discredit u].i n ti e i>?:ie of le;jal tender not.*, or paper money. and thereby weaken the hand* of tb* government, and thus emban ks its ope r: t:"n8 in litis its trying hour. Tl.ey are con stantly assailing tl e system at every point, and charging upon it all fhe existing evils. With their eye# upon the Sub-Treasury and bullion, they are continually asserting that the paper money of Secretary Chase is ruining the conn try. If our army Is dereated Chafe's paper money is the cause; if a merchant fails. Chase's lepal tender notes ruined h'm: if Wa'l street is thrown into excitement, and the bulls and bears are frantically running up the price of gold. Secretary Chase's paper money i* respon sib'e: and so on. through a long catalogue of evils imaginary and otherwise. It matters not what may happen, it is alt la'd at the door of the government currency. But with all their denunciations, long and labored articles, mis construction of facts and effort* to destroy pub lic confidence in the financial system of the ffovernment, the fact st'll exists that its adop tion was a necessity and Its continuation indis pensable at this time. We still maintain that it is the best system that could have been adopted, and the only one that is adapted to the present cris's. In the labored eTor ts of the panic makers to prove that the same fate awaits it that followed the is?ue of the paper money in the American revolution, of Franco in the French Revolution, and that there is no resem bianco between the pre?ent system and that oF England under the auspice* of William Pitt, they are in every instance lame and wi<le of the mark, as any person who will take the tron ble to inform himself will see. The paper money issued during the Ameri can Revolution had no basis for its support, no provision for redemption. We had at that time no commerce, national tax or revenue. With a sparsely settled country, and about three mil lions of inhabitants struggling for their inde pendence against almost the entire world, this paper money was pnt forth, and formed the circulating medium of the liat'.on in its struggle for existence. With its use we were successful in obtaining our independence. But, there being no basis for its issue, nor provisions for its re demption, It was never redeemed, and millions can be to-day found among families who have ?nherited it from their Revolutionary aucestors. In no particular was this like our present i,?ue, us wo shall soon bhow. The financial system of England under Wil liam Titt?which the panic makers and those who are at work trying to break down the credit of the government have been trying to prove does not in the least resemble Mr.Chase's system- grew out of the necessities of the contest of England with the continental Powers and the first Napoleon, during what is termed the French Revolution. The important opoch in the financial operation# of Titt wa* n 1797. In the early part of that year, owing to the events connected with the war in which England was engaged, and to the advances made to the government by the Bank of England, which prevented the directors from having full control over the issues of the Bank, the pnblic miud at the time in an excited condition about the war, the pro vincial bankers failing in every direction, all Kngland wus thrown into a panic, and the bullion of the Bank was fast being reduced, with a pros pect of a general run upon that institution. In this emergency a council of the government was called on Sunday, February 2(5, and an order issued prohibiting the directors from paying their notes in cash until the sen?e of Parliament could be taken upon the subject Parliament immediately considered the uia'ler, ucd, after discussing it at much length, ap proved of the prohibitive order of the govern pient council, and ordered that the restriction should continue until six months after a definite treaty of peace had been signed. The Bank was under this prohibition of the government until the passage of Sir Robert Peel's act in 1819. declaring that cash payments should bo resumed in 1825. The directors, however, commenced specie payment in 1821. During the period that the government prohibited tho Hank rrom redeeming its bills it or dered that tbe notes of the Bank should bo received at par for all government dues, and ill ho in payment of all taxes. Although uot declared to be legal tender In every particular, they were rendered so in fact by being re ceived and paid out ns cash in all tran?actions of the government. The value of these notes, as measured by the price of gold, fluctuated during this government prohibition from par to twenty per cent discount. But these fluc tuations were the re-ult of cheering or depressing news in regard to the war and the failure or success of the crops of the country. The greatest discount wis when the success of the British arms looked the most doubtful. These facts are conclusive that the government of England is responsible for making paper money the sole currency of the Country. By its means they were success ful in their long struggle, and came out of the content the leading nation of the worbV Our present financial system is unlike that of the American Revolution for (tie reason that our cuj rency now has a national revenue and pro visions for its redemption. It recognizes tlio ?u]ii<' principle as that of England under J'itf, but is better arranged in detail and superior in every particular to even that under which England was ?<> successful. Our government found itself engaged in ?n extensive rebellion, all communication with one section cut off", our foreign commerce entirely changed, and forced by events to rely upon our resources, and compelled to adapt ourselves, as was England, to our internal trado and commerce. The bank-* suspended specie payments. *nd gold, instead of being a circulating medium, is an ar ticle of commerce; tho loeal banks in the differ ent ritatea failing. and the trade of one section with the mIIm r being rrlpplod hy the currency of one J-ftate being almost valueless in another; the government crippled for the want of incntiH, all combined, rendered It imperatively neces sary that some financial system abould he adopted that would bring relief to the country, adapt itself to our internal trade, and ah! h' government in the prosecution <>f the war In this condition of affairs Secretary G'lia-o ma tured a plnn for tho issue of Treasury n?cos, (?i b?? declared n legal tender, fiese n??tes t>? be convertible at p?r at any Mine bito United elates bonds, wltli Inteie^t pavaWalu > ,e> e th<? bond* secured Uy tbe pledge of the public rereuM and a direct tax?the beat pessible se curity that could be bud. Congress approved of the plan, and tbe Treasury notes are bow tbe curreucy of the country, placing it on a far better l>u-U tlma was tu? currency of England daring 1 er l<>ng war. We contend that the financial system of Me Chase and tl.at of Mr. Pitt are established on the same principle, recognizing as the first ob ject tl.e necessities of tbe internal traffic of the country and the wants of the government, as well as in making paper money the circulating medium of the government. Our system differs from that of Englmd in the mode of carrying it into operation, because it is necessary to adapt it to the condition aod exigencies of tiie country. The Btnk of England is the financial medium o' that government, through which all their finan' ciul operations are managed; but we hare no national bank or any otber possessing tbe finan cial strength to become the agent of the govern ment. The result is, the same principle that was successful in England had to be put iu operation in some other form, and that which bus been adopted is far superior to thvt of Eng land; and every person must admit that the cur rency to which is pledged the entire resources of the country is far preferable to the issues of private banking institutions, which suspend specie payments at option. Its effect upon the traffic of tbe country has been beneficial, and through its agency we shall be enabled to come out of our present trials immensely developed in our iuternal resources; and as Englaud,4>ver half a century ago, emerged from her trials the leading Power on earth, bo will' the United States after the suppre slon of this stupendous ! rebellion, become tbe strongest nation of the worhl. Our OUa?lrr? in Viryliiln^WllMMi and Convjmnjr ltt-hpoiiftiblc. The sentiments expressed by Senator Wilson in his speech in the Senale on the 2*th of last March, in reference to slopping enlistments and reducing thf* army, were also the views of Wade Sumner and Chandler. It is likewi se clearly shown by the speech of Mr. Wilson that all our | disasters iu Virginia were brought about through the intercession and influence of this band of radicals at the War Department, with Wilson at the;r head. Says Wilson, "I have over and | over again been to the War Office and urged upon the department to Plop recruiting in every part of the counlry." In the same speech he a'so stated, "I believe that we havo to-day one hundred and 111ty thousand more men than we need or can well use."* With such representa tions as these at the War Department they suc ceeded in stopping enlistments; and now, when we want men, it is hard lo get them. With this proof of his guilt staring him in the face, he goes before the people of his own State and de nies ever saying any such thing. The truth of the matter is, this is but a small ' portion of the crimes that Wilson, Wade, Surnuer and Company committed against their country during the last session. There is a long black list standing against them, which even Wilson, with all his impudence and lies, cannot remove. They acted aa a secret com mittee, and, like the Jacobins iu the French Revolution, undertook to control the entire action of the War Department and the admin istration. It was through their importuning that Fremont was appointed to a department in ^ iiginia; and then, in order to give him a chance to do something, they secured the trans fer of the main body of General Banks'division over to McDowell, just as Banks was ubout to give to Stonewall Jackson the finishing blow, resulting in a raid of Jackson down the va'ley. driving the reduced forces of General llanks before him. Fremont was ordered to cross the mountains and intercept Jackson in hi> retreat; but he disobeyed orders and took the wrong road, thus giving Jackson an opportunity to escape. Nut satisfied with the disasters that they had caused in the valley, they commenced thvir at'ncks on the army on the peninsula, and did all within their power to harass the com manding general and divert him from the real work that he was there to sccompli.-h. The work of this ?ab?l was the more danger ous because it was secret and under the pre tence of friendship. At every point their hate of General McClellan wa* made mahifest, and every representation luade and every schemo devised that could be to destroy him and build up some officer who would become their tool and be controlled by them. Like the Jacobins, with Robespierre at their head, they endeavored to build up their own faction at the peril of the Union cause; and we all now see the result. From the brilliant victories in the oarly part of the season we have now to turn and witness the darkest hour of the Union cause since the re bellion commenced. Our forces redo red b~ disease and battle, and no men ready to fiil up the ranks, because, forsooth, Wilson and his as sociates stopped enlistments. The rebels, on the other hand, have been all tho time swelling | their ranks and increasing their army, and are I lc^lng no stone unturned to improve the op portunity now offered. Unless reinforcements are immediately forwarded, and the thinned ranks of our army tilled up, events will show that we have seen but the beginning of the die asters that will result from this interference and importuning at the War Department by Senator \\ ilsou and his radical associates. They have, through their pernicious influence, done serious injury to the Union cause, and it now depends upon the fpergy of the adminis tration and the response of the people whethei* this injury will be fatal or temporary. Every- ! thing now depends upon tho reinforcements to our armies, and that, too, at once. There is not a day or an hour to be lost. The President is determined not to bo deceived any wore. Our army is to be swelled to its proper size. Jfen are to be thrown forward with vigor. The rebellion is to be crushed. Tho country ex pects every Union mnn to do his duty. Shall we be the greatest power or the world, or shall we cease to eti*t as a nation ? Men of the North! now is the hour to decide that ques tlon. W'l'sT Poi.vr Sn-nKvrs am. tun Ahmv.- The highest cla*? of West Point students are now three years in the academy, and it would be a very jndiclots step to xivo tlx in Commissions in the ariny wh*r< Micro an now vacancies, or to give them appointments in the now regi ments whieli are being iai cd under the Pr? d- ' dent s call. Th-v would be infinitely better | Mian any political generals or captu-ns who arc ' likely to be tppoinled. wtd they wnnld perfect their edit' ,li.m mm. by practical operations in fl,Ml ?'> 'beory at Went Point. Their ; | !.u < in :!? ic,i?le-ny be supplied by ! Th? TiUWNb's EdTIMATB OK TUB ReUKL Armt in Vijk. ima.?The Tribune of yesterday "?eta down the en lire rebel army It Virginia at the !ii>;heat estimate us oi'ly one hundred ami fifty thousand, and thinks that one hundred and twonty thousand it-; nearer the truth. This was the sort of stuff that was uttered by the Tribune about the strength of the rebel army at Centre* i ville, ?rnl which has since led to so many dis asters. If this statement of tlie Tribune be true, then the insurgent force must have been greatly smaller when Freiuout was n the valley of the Shenandoah; for the rebeln have boon ninco largely, reinforced. Why, then, with such paucity of numbers as Ihey then had, did not Frenmnt cut up the little handful that came to his share, instead of permitting them to defeat him and go and uwell the army that assailed General McClellun. I3wi the Path finder disposed of Jackson's little band, or had McDowell kept him at bay, McCletlan would huve taken good care of the rest, and a very different result would have been the conse quence. If the statement of the Tribune be true, what is the necessity for any more enlist ments, unless-we-are to confess that one South ern man is equal to two Northern me*, and that with more than twice the population* of white men we need ateo the niggers to whip the rebels. Tub Chicago Papers ani>tuk Mobit.i News.? The Chicago papers are competing with the London Times as to which shall tell the great est lies. The distance of London from the se.it of war gives the Chicago papers rather the ad vantage. To say nothing of the stories about Ilalleck's army?'which would have killed Hal leek if he had been a nervous man?the Chicago papers have abounded in tremondous miscella neous Roorbacks. To outrival the London Times' capture of McClellan's army, these en terprising journals frightened Wall street, Slate street and the Philadelphia Exchange out of iheir propriety on Thursday by presenting the rebels at Mobile with ten gunboats, covered with six-inch iron. Only the other day, also, in defiance of the census returns, which give the rebels only 700,000 fighting men, the Chi cago papers declared that the rebel conscription had already put 1,400,000 soldiers in the field against us. If this raising immense armies and building iron-clad navies for the rebels is not giving aid and comfort to Jeff. Davis, it is hard to iell what is. Postage Stamps kor Cihcumtion.?Some foolish rumors have been going around tha< postage stamps, in consequence of the expect od issue of the new kind from the Treasury De partment, are not as good as they were. That is a mistake. Tho stamps, if not injured or de faced, if not pasted upon any other substance, and if in a condition to be affixed to letters, are worth what their face declares; for they will be redeemed and exchanged for the new postage stamps to be issued by the Treasury as the circulating medium for change, in de nominations of five cents, ten cents, twenty five cento and fifty cents. The object iu limiting the issue to these denominations is to preserve the character of our decimal system. The pre sent postage stamps are just as good for nil ordinary purposes as silver or cent coinago. There will be no three or one cent stamps, for their place w ill be supplied by the nickel cent, which is in great abundance. Ui krt Off the Recbcits.?Gen. Fitz John Porter, in a letter to Gov. Andrew, of Massa chusetts, urges that recruits for the old regi ments be sent on in squads of ten at a time, it no more can be procured; and the recruiting officers of the Harris Light Cavalry in this city send on every recruit Just a* soon as he enlisb, without waiting for any more to join him. This is the way to fill up our army, and it ought to be generally adopted. In the army a recruit is learning his business, and adds one to our available forces. Hero he does nothing but idle about tho streets and spend his bounty money. I)o not wait until regiments or compa nies are raised, therefore, but hurry off the re cruits. Ono vote ' is elected a Governor of a State. One sol t save a battle and ts us a brilliant victory. Onward! PhomotIxo i rom the RiXia.?Half of Napo 1 eon's wonderful success was due to hla sys tem of promoting from the ranks to fill up the places of commissioned officers who had fallen in battle. Skill and bravery were thu? rewarded, and a powerful incentive was given to the best qualities of the soldier. Instead of appointing mere politicians over troops to lead them to destruction, let intelligent sergeants or corporals, or private? who have feen ser. vice and stood fire, nnd know by experience something of actual war, be placed In command.* and soon we shall see a veteran army that will whip everything that comes in its path. Tur, Ol!l>ER OK THE PnKSIDKMT ToLCll.NO FlT. WVQHH,?Thn order of the President compel ling soldiers absent from the army by furlough or those who had been flick und are now con valesetnt, to return to their regiments, will have the most extraordinary effect in swelling tin* ranks of the array. It will beat the re cruiting sergeants completely. It will ad? in a fow days, fifty thousand men to the several corps of the army of the Union. This vigorous administration of the officers of the War De partment will inspire new confidence In the sucoesa of the struggle to restore the Union I imd yyt down faction North and South. COTTON and Gold.-An order has been issued by some of our generals in South againt t paying gold for cotton. This is unless Ih?* premium will be allowed on tho pi?.,!<J gold. The bills of the United States are good enough currency, and we have no doubt they will bring forth very soon an abun dance of the precious ttbre. The high prices paid will feteh the cotton from its hiding places where the planters have slowed it away. The planters see the humbug of this cotton burning as well as anybody else, and will act accord ingly whenever the} have an opportunity. Dhaktinh. --It is snid that if our State quota is not tilled tip by the ltttli August drafting will be resorted to by ( *ov. Morgan, if this be true we shall certainly fill up our <pioU before that time; for when dialling begins th? bounty ceases. Drafts for the bounty money, therefore, will preclude all necosalty of draft ing for the army. \kmiso nih Xk.'ikokh.?The abolitionists are in ik ng a great (Itss ubout arming tin negroes. Wo shall have to arm the negroes f.i-t enough, bj and t>y, if iliey continue t. ) eoino N rib as th* y do. They need no proolum Uions from the I'resident to Ineit'' tf em to come. Fitly pro ' clamation* couldn't *lo? i!' m, Ruitri, Piusoxkiw Dkoomqio Lotai..?We pn* lished yesterday by tele^raj.h the most gratify ing intelligence from Philadelphia that four hun dred uf the Southeru prisouers confined in Furl Delaware voluntarily took the oath of allegi ance. This Is a most remarkable fact, con stdering that the new# from all other quarters about the unrelenting bitterness of the rebels is very tJecidod. It shows these men must have been pressed into a service that was distasteful to them, and that they are heartily sick of so bad a cause. There are thousands in the rebel army of the same miud, who are longing for ? similiar opportunity of being delivered from the thraldom in which they are held ; and let us roll up our Bleeves and go to work to liver them. War Not Blo<k Up tub Yazoo RivkiiT? Ae eord'ng to the truthful acoounts of the exceed ingly reliable Western papers, the rebels hare gunboats and rams enough in the Yazoo river to dostroy all our ffeets. Why, then, do not our naval authorities put their heads together and hive these vessels in by blocking, up the mouth of the river ? NEWS FROM WASHINGTON WASlHMflTOH, August 1, INt ISfTORTAVT OBOMION Iff KUUARD TO BXtilSK*. The Secretary of the Treasury has decided that hi* order In regard lo excises, Intended by the bill to Uke effect oa August 1, does not take affect until September 1. Whorovcr August 1 Is ru?d m the bill, September 1 should bo read. THK APPROPRIATIONS MAPI BY 0O5MJRBSS. The official list or appropriations made by tho roceat Congress is not yet o>mpletod. Enough, however, to known to verify the assertion made lu this coriv8|?oa dence lust summer, that tha appropriations required mould t >uch very nearly one thousti;! millions. Then the announcement was startling; uo?v th?j, j?plw aie prepared to bear and bear It. tub ISSUE OP SMALI, thbatry NOTES. The Treasury Department will issue fthe ones and two# of the smuil notes a< syun as tnoy c m b > prepa eA, which will probably be two weeks from this date. The issuo of threes is under ojnsidcratluo, tut will not be imme liateJy ueedud. APPOINTMENTS t'NDKR THE TAX Btt.L. David W hitter taw boeu a.|>;>oiut?'t AaaeaBor, and fieorge W. Brown Collector lor Colorado, and Jesse C. L ttle Aa sessor, an I Robert T. Itarton Collector for Utali Territory, under the Internal Tax bill. DRIVING TDK RXJHHSIOXISTS FAUTEKlt SOUTH* General Pope'* Order No. 6 is bo ng slowly enforce 1. H will entitle tho disunion men of that section to take their arras and ammunition and go over to the enemy. Ill* Orange; and Alexandria Railroad Is In running order to Warrenton; but It la allowed that beyond there the roU is Infested with guorlllna, who must be reduced to aub mission beforo the road oau be made available. SUPPLIES NEMiRD BY OKNBRAL FOFR'S ABUT. ShioB au l olothiac are much nee led In the Army ef Virginia, but the recent orders of General I'opn forbid anything being carried thither except aa oommii sary or quartermaster's stores. The order tor 1'oragtag on the enemy includes only forage and sublitence, of which the troops can And abundano* without the aid or a commissary; but already tboreare complaints that guards have been sot around the property of prominent rebols, and that It has been by special order excepted from the otteralion of General Order No. 5. THE BRLEA38 OF GBKBRAL BOWIE, OF MARYLAND. General Thos. F. Bowie, who was brought here a few days ago as a State prisoner, has been reloaded. It'ay pears that no order for his arrest has yet boeu Issued General Bowie holds thtt while Maryland remains In the Union he owes allegiance to both iho State and federal governments, and claims that as yet he has done nothing to contraveno either, but holds himself amenable to both. He assarts that the time has not yet arrived for him M deci le whether be will follow a State or fedural alia ? glanco, and ciaims that the federal authorities have made a mistake In arresting him prematurely. TUB BXTRA SESSION OF TUB KENTUCKY LEOISLA TURE?ARMINU TBI MILITIA OF TUB STATE. The cdl of Governor Magofin, of Kentucky, for an extra session or the legislature is understood hero to be the result of the pressure of the Union men. Fears ara la somo quarters outorl unad that ho will endeavor to obtain I?rmlsalon to organize the State militia; but, as he la understood to bo at heart a reb.l, tho authority will not ba granted. A deputation of border State men are here, who Insist that the loyal citlz>na of Kentucky, Ohio and Indiana shall be thoroughly armed for the protection of Kentucky from the raids of rebel guerilla par' ties. The Military Bnrd of Kentucky, towards whicb Governor Magoffin in his proclamation manifests much tealousy, is empowered to coutrol the militia of the Stato. It Ls not likely that the legislature will disturb their an? thority; b it It ls anticipated that Governor Magoffin wilj be deposed and the Secretary of the >tat? Senate b? made acting Governor to carry out the wishes and objonta o? ~ ?--- u rt.naerr . loyal Keniucklant. MOVBMKM3 OF CAPTAIN FORTEB , OF THB MORTAB FLEET. Caotain Porter, of thj mortar flot.lla, baa lofl Washington tor a brief visit North to recruit his health, previous to res iium^ his c^m:nand. APPOINTMENT OF A COMMt-iSIOXBB OF FCRLOUOIID SOLDIERS. Simeon l?raper, Esq., of Now Vork, has been appointed i sp?!cial commusiouer by the War Department tosuj?er? intend the execution of the ordor of the 31st of July restarting absent officers and privates. Communic alma uu the bub.ict of sad order may bo addressed to bun, at the War Department, Washington. AITOINl Mfc'N r OF ASHOCI ITS JODOE ADVOCAT*. The Mod. L. 0. Turner, of Now York, has been ap pointed an Axf-cisl" Judge Advocate for the army armind Va Mnflon. He is aliased with tho Investigation and (iat rmiuatioa of all ca>o? <T Stale pritouers and of mili tary arresta lu thj District of Columbia an4 the aitjaoeat count es of Virginia, and of all other cai?s whero.n tho action of a JiidftO a Ivouate in iy be required. CONSULAR BECOOStTIONS. Tumdoro Babwarts has t?-#u recognized by the Preel dent as Consul of Saxony, lor Koolucky, at l^xiisvlUe. THE ACTIVE LIST OF REAR ADMIRALS. Tl>'? name o( (.ulihb trough was erroneously printed la some of the new ijiaie.s as the head oi the active list of Kesr Admirals. *1 hey rank ah follows ?Farrugul, l>o.da borough, Dupont sud Foote. INDIAN TBK4TTB*. commissioner nf Indian Ailairs Do!e Is absent from Washington, lin: Uttng a treaty with the Indians wf No. lb em Minnesota, located on the Ked river of the Nertb* and up to the Britisu provinces AarUoa 8alo of New Orleans Hugar, ?nil Molaseee at Philadelphia. rnii.aioLPHiA, Au.usi 1, IMS There were sold by sU"tr>u this loreno >n COO hogsheads of Now Orleans tu.'sr, tho cargo of the schuonvr K ?. Stewart, at 9'fc a 10%o., cash. There was a largo stten lance, and tho bidding was spirited A lot of molassns sold at 37o. a fio. ri *J, Wttck of tho Steamer lit. Aanferd. Boston, August 1,1889. fbe st on met* M Stanford .from Baugorfor Boston, struck on the Salvages, off Cbpo Ann, at Hire? o'clock this mom Ing. The pa ;renK'ers wore landed at Bockport. Assist ance bis beon sent to her. The M. San lord has bilped, and Is full of water She will probably lie a total l<vs, Wisraa Cards* ? Mrs. Sedley Brown (a daughter at ibe well known comedian W. H. Smith, of the Bostoa theatre*.) made her debut In this house last night ao M ?rgery In the conitidy of "The Rough Diamond," sup ported by Mr. Fi ke as cousin Joe. Mrs. Brown possesses many qualities which pertain to a good coinedlenne? anioig the ri<st au excellent voice for light ballads, a Mveline*' of action and a graceful person. A little more ?e<|uainfance with the stage will, of course, correot the fa ill prominent last nigh t--that ol a little too ni icb a< tion, an exHitgerntlon quite natural to an artist not en tiiely "up" in Haye clTect. She was very warruly re ceived, the nudlence being most generous In thuirap planse, and liberal with their bouquets. It would bo un* Ju?t t > Mr. Ki-<kn not to say that lie rendered Ms psrf ad mtiabiy in his fopr-isertatloii of the I'.ngllsh country biimBklB. I he t'crfoTiuan* e* Includeil Coliran's drama or >-Tkoli'8Cbost," in which Mr. Flsmiag Jlayed (Hr Kdward .Mortimer with great oCert.aad coiiciaAed witk the H w far' e nt ''Colleen Ita'.tn Foil led s. I.islrreei>?? i> produi) in Loudon, bill vr*w*M<l ladt aighl fas Ma in jt time M':ie