Newspaper of The New York Herald, August 17, 1861, Page 4

Newspaper of The New York Herald dated August 17, 1861 Page 4
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4 JVEW YORK HERALD. JAM KM GORDON BENNETT, KI'JTOR AN'D PROPRIETOR. OFFICE N. W. CORNER OF FULTON AND NASSAU STB. TERMS rash it* ndrance. Money suit by inn it irffl heat the rid: of tic semhr. None but Haute bills current in Nets York token. THY D.MT I 'HERALD. hso cents per copy, $7 per annum. THE l'"A 'A' /. 1' H F.HAL />, ercryStfunlay, at six rents iter J ropy, or nnannum; the European Edition rreru Weilnrsday, of nix ecu's yrr copy; $4 per annum to any part at'(treat Britain, ] <>/ $(> 12 /- any part of the Continent, bath to inrt tuls pout aye; the California Haitian .at the 1a/, 11/A ami2l?t of ixich month, at nix n nte jtt i copy, or $2 75 per annum. THE FA Mil. V H Hit ALU, on Wnlncmlay, at four rents iter \ (tpy, Ot $2 pr, annum. VOL l;.\ TAB ) CORRESPONDENCE, containing intpm taut netcH, solicit' d from "?v quarter of the irorhi; if need, trill be liberally pan' for. f9? OuK Fokkiun Cokuksponoknts AKK I'AKTiriTI \KI.Y KKQUlonKD TO SEAL ALL LhlTKItg AND PACKAGES SKNT \ S. NO NO TU E taken nf anonymous rorrc jtondence. TJV do not 1 return reject at communication*. 1 Vol HUM XXVI No. 8 47 AMUSEMENTS THIS EVENING!. WINTER O.VRDEN, Bioadway.?The Toodi.es?Wokking | TUE OllACLK. | NEW ROWERY THEATRE. B?r err.?Lime Kiln Man? ! Faint Hkaut Never Won Faik Ladv?Abutted I'uii.d. , BAKNUM'S AMERICAN MUSEUM, Broad way.-Day auA Evening? Nokwi Oiieina?Two ULXXAang?Ukaus, Ska Lion and (Jiiier Curiosities. BRYANTS' MINSTRELS. Mtvlianlca' ILUI, 472 Broad- 1 way.?Etuioi'lan Sonus, Dam'as. Ac.?Rival Darkies. ( mf.lodf.on CONCERT IIALL, No. fO? Broadway.? C Sonus, Dances, Dvhlksucks. Ac ?i'uii.d ur the Regiment CANTERBURY MUSIC 11 ALL, 4oi Broadway.-Sonus, ii Dancus, Buhi.es.jues, Ac. OAIETIKS CONCERT ROOM, 616 Broadway.? Drawing P Room Entertainments Ballets, Pantomimes, Fauces, Ac. ( AMERICAN MUSIC HALL 444 Broadway.? songs, Bal- 1 lets, pantomimes, ac.?portrait 1'aintkk. CRYSTAL PALACE CONCERT HALL. No. 4S Bowery.? j Burlesques, 8onu?. Dances, Pantomimes?Mas lilt Ball. t Srw York, Saturday, August 17, 1861, ' OITlt WAH MAP8. We have issued another edition of the nu | morons maps, pinna and dingrains of the ope- a rationa of the Union and rebel troops in Vir- * 8 irinia, Missouri, Illinois. Florida, and on the Mlssisn Bippi and Missouri rivers, and it is now ready for j, delivery. Agents desiring copies are requested to send in their orders immediately. Single copies ii six cents. Wholesale price the same as for the J' Weekly Herald. | J Til JC SITUATION. A The President has issued a most important pro- ( claraation, interdicting all commercial intercourse H by sea or land henceforth with the States in re- s hellion against the government, with the exception t of Eastern Virginia, and such portions of the other c recusant Stutes as may be loyal to the govern- t ment. The carriage of goods, ohattels, wares, t merchandise or persons is strictly forbidden, and v the officials of the government arc ordered to y forfeit all vessels and other conveyances that may be employed in transporting such pro- ^ scribed articles front any of the States in arms c against the government, without permission 0 from the President, through the Secretary of the Treasury. Gen. McCleHan, while dealing summarily with the insubordinate soldiers of the Seventy-ninth New York and Second Maine regiments, is taking active measures to preserve the army from de. moralization. He has issued an order restricting the visits of ull civilians or others to the several camps or to any part of the Virginia side of the Potomac, except those provided with passes from the General in command, the Secretary of War or the Provost Marshal. All outstanding passes are revoked. This measure llllft <lflllht.loSS lmpn inlniltn.l in /.nnenmiA*,,.a .f ... lUU ,, fact, which lias beeu ascertained beyond doubt, a that Washington is teeming with traitors and spies. The investigation of the Potter Committee will reveal an extraordinary condition of things in the public departments. It is stated on good authority that there are no less than a hundred and fortythree known secessionists in the service of the government at Washington, and seventy-five ' others strongly suspected of entertaining treasonable sentiments. Some of them were employed in the Arsenal on the manufacture of shells to be used against the rebels, which may account for the fact that many of those projectiles used at Hull run did not explode. The Potornao squadron continues from time to liiue to provoke attacks from the concealed batteries in and around Acqua creek. The steamer Resolute was sent to Matliias Point for the purpose of rcconnaiteftng, on Thursday afternoon, j Seeing a boat Ailed with barrels, a little below the Point, tho Resolute sent a boat with a crew of six men to take possession of it, but u volley of musketry was opened upon her from the woods adjacent, and three of the crew Were killed and one wounded. With great diflieul ty the unharmed men brought back the boat to the Resolute. The steamer opened a fire of canister and shell into the houses, which nrobablv did some damage. The Reliance came up at the same time j and joined in the lire. The rebels were seen to fly I front their ambuscade in small parties. A very important rfrrest of an agent of the rebels was made in this city yesterday. A passenger from Liverpool by the Persia, named Serrell, who, it appears, boasted while on the voyage that he was the bearer of a large sum of money for the use of the rebel government, was arrested by the United States Custom House officers, on information received from the other passengers, and upon ; searching his baggage the sum of $200,000 in Bank of England notes was found therein. He was taken to the District Attorney's office, and admitted to bail in the sum of $40,000 to appear for examination ou Monday next. The Grand Jury of the United States Circuit Court in this city brought in an important paper and presented it to Judge Shipman yesterday, condemnatory of the treasonable course of the following papers:?Journal of Commerce, the Daily and Weekly Keics, the Day Book, the Freana?t's Journal and the Daily Eagle of Brooklyn, which express themselves opposed to what they call "the present unholy and for the utterance of language whifh, if expressed in the streets, would be considered a crime against the government. The Grand Jury are aware that the conduct of these disloyal papers is abhorred by all loyal men, and hope that it is subject to indictment and the punishment of the Court. Rumors were prevalent in St. Louis yesterday lliat General lien. McCulloch was positively killed Bt the battle of Davis, creek. General Siegel is paid to be at a point within flfleetTlinilcs of Lctiafeou, and was expected to reach Holla last night JS The rebels, according to some reports, bad eutejed Springfield and encamped there. By arrivals from South American ports we loam that the rebel privateers are actively engaged in that quarter, as well as about Uto West India Islands. Several of them have recently been seen oil" Pernambuco and Rio Janeiro. The Jeff. Duvis ran into San Juan, Porto Rico, 011 the 26th ult., for provisions and water. She had been overhauling Americ an vessels in that neighborhood for some time previous. THE NEWS.' We are induced to place the following paragraphs m-n-via in order that the public may become more familiar with the separate action of the men to whom they refer:? Onthoevo of the battle Tholowa First regiment )f Bull run the Fourth regi- of Volunteers were entitled mut of Pennsylvania Vo- to be discharged ou the unteers and the buttery of morning of the late bntllo ihe New York Kiglith 51 ill- near Springfield,in Missouri, Liu insisted 011 tlx ir die but they voted to hold <>u dliircre . and Ih-'V linieiwl Mil" Inn. !I. nnir ll?l,ll,? lie hold to Ihn Bound of tho to be done, mid most nobly Uiuiuy's cannon. they sustained tlusr post in the art ion. Parson Brownlow's paper, the Knoxvillc (East rennessee) Wd<j, was still going on Saturday, the Oth inst., but in the issue of that day he says that irdors were sent from Richmond to have its publi:ation stopped, which he thought the mob would they, and that probably that would be tho last ssue. Governor Buckingham, of Connecticut, has teto;raphcd to General Fremont to have tho body of iencral Lyon sent to that State to be buried at tshford. We have seen nothing as yet in tho Southern ournals referring to the payment of the rebel solliers, except that one company of New Orleans non in Memphis kicked up a row some time since rbout their pay, and were quieted down with live i lobars each. A company of seventy-live able bodied loyal 1 nen, supposed not to belong to the first families < tnd having no direct claims upon the chivalry, has j leen raised in Morgan county, Virginia, and on the | tli instant they left their homes to join ex-Goveror Thomas' Union brigade in Frederick, Mary- ' Lad. Ex-Senator Green, of Missouri, has recently been ' 11 St. Louis, pressing upon the authorities there to ' in him in putting forth peace propositions to tho leoplc of that State. Mr. Green's plan has for its iasis tho disbanding of all the government forces. I fery good secession dodge. j Provisions are to be immediately made for the j ixamination of persons who are seeking cominis- j ions in the volunteer service in this State. If deired, all such aspirants can be examined as to lu-ir iiiialltii'Mtlnna hefnrn tliev wimmnnw riiuincr 1 iompauicH or regiments. ' Tlicre lias been some misunderstanding in rcla- ' ion to the term of service of the two years volun- ( cers, the men claiming that, as but two classes of f olunteers were called for?three months and three oars?they properly belonged to that class who ( nlistcd"for three months, and their opinion was j trengthened by the report that the United States ittorucy General had given his opinion to that fleet. The following despatch from tlio Secretary S if State U Governor Morgan settles the whole * [uestion:? 1 Washington, August 14,1S61. J 'o Governor Morgan:? The Attorney Gcaoral has given no such opinion. The l vhole government holds the troops bound for two yours, . ind will discharge none of them. WM. It. SEWAltl). Dates from the Belize, Honduras, are to July 15. ' luring the last two months much rain had fallen, iH(l there had been several heavy gales of wind, .'he rivers were nil flooded, and all ?f the maho:any which had been trucked out of the bush had oruc down. Trade was very dull, owing to the ,ar and the low price of Honduras produce in 'nitcd States markets. The storehouses are all nil of sarsapurilla, hides, cochineal, indigo and Id copper, which cannot go forward, as there is 10 demand for them in this country. The trade In heso articles will ell iro to Kinrhinil hereafter. Kv ihange on the United States is not to he had unless it a ruinous lipure. The health of the town and he whole settlement was very good. No case of ,'ellow fever this season. Our advices from Jamaica arc to the dth instant1'hc United States steamer Keystone State arrived here on the 29th ultimo, and left for St. Thomas on he 1st instant, in search of the privateer Sumter, rhcre hud been a slight falling off in the island evenue. Trade was dull. The island had been isited with heavy rains, of which the planters rcre complaining. The public health was good. The cotton market was steady yesterday at 18c. a 8V- for middling uplands, with sales of 1,000 bales, he flour trade was less active, as the supplies were indequnto and holders claimed su udvauce of 5c. n 10c. per dd. Wheat and corn were freely purchased aud were ilgher in price, l'ork, beef and lard were quiet; mess tork, $15; prime. $10 a $10 25. Rogfn and spirits turpenine again improved, with liberal sales; also of tar, pitch ,nd whiskey, at decidedly firmer rates. The sales of ugars and tobacco were restricted. The transactions in *>* herring were large. Molasses was ia bettor demand. ' loflVe was inactive. Rice was very#nn, but in less re- 1 nest. An active trade was reported in breads tolls 1 reights, rates on which closed higher. ^ Privateering?Ark wk Botnu m* Oi r Offrr 1 >k Adhesion* to the Treatt of Paris??The 1 irospect of our getting into difficulties' with 1 ingland, through the inefficiency of the block- 1 ide. has led to inquiries by correspondents as o the p< siiion in which our government stands ' n regard to the offer made by it of adhesion to the provisions of the treaty of Paris on the subject of privuteerii g. That proposal having neither been accepted nor rejected, it is feared ' by some that, in case of a war with Great Britain. we may be held bound by it. There is no ' real ground for this apprehension. So long us 1 a formal acceptance of our offer is not signified to us we stand in precisely the same position as i before it was made. Even then the affirmative j action ol the European rowers would not be binding upon us unless Congress ratified the proposal of our Cabinet. This it will not of course do. so long as there is the slightest danger of the intervention of England or France in our domestic quarrels. The fears entertained that these Powers, in the agreement said to have been recently entered into between them, have it in contemplation to break up the blockade, are. we think, unfounded. The question has been deprived of its international charac ter by the precautions taken by our government. It is not a blockade, but a police control over its own ports that it is now exercising. Every nation has the right to close or open to the commerce of the world such ports on its own coasts as it may choose to designate. Even in the cases of China and ' Japan, where the jealous and exclusive conduct of .the two governments, and their despotic ihterference with the inclinations of their own subjects, afforded a pretext for the infringement of this vight, it lias always been readily i acknowledged uiid observed. Should the commercial necessities of England and France, however, drive them to a violation of it in our regard, we shall not fail to make use of that arm of defence which has proved so effective on former occasions. We have forty thousand vessels, including a large proportion of steamers, v, bicli could be j^nyerb'U tn > votitflS k'W mea-of-wtff privateers. With the e wc could sweep the seas of the entire commerce of our enemies, I W YORK HERALD, SAl The President and His Duty We are now approucliiDg an important point in the contest of the government with the insurrection, and are upon the eve of stirring events, which must result either for good or for evil to the cause of the Union. The rebels, flushed with their victory at Bull run, are magnifying tliut atfair, and rallying their forces for a desperate effort. The very nature of their position renders it necessary that they should strike a blow before they have lost all the advantage guined in that buttle. The scattered reports of their movements, coming to us from rebel sources, indicate that Maryland and Washington are now the points that command their attention, and that all other movements are feints to draw the attention of the administration and our military chieftains from the real movements near the national capital. Had the Secretary of tho Treasury failed in his efforts in disposing of the loan they might have delayed, under the idea that time would weaken us; but now, since his complete success?the prompt and decisive response on the part of the financier's of the three leading cities of the Union placing the government in possession of the means to carry on the war?that delusion will bo dispellod, and the administration must be prepared to meet tire issue, or all will be lost. The President, the highest officer of the government, wtiose decision outweighs all others, will be held responsible for the vindication of the constitution, or the destruction of the hopes of all true Unionists, North and South, East and West, in one of which alternatives this, great struggle will end. Staading at the head of the government, t he nation?yes, the world? is looking to him for a successful guidance of the ship of State through the troublesome waters, the shoals, quicksands and breakers that now beset it. In discharging that important trust ivhieh has been reposed in him he will find that different ideas must control his actions from those which guided him as a lawyer and politician in a country village of the West. He itands at the helm of the government, amid the most severe storin that has visited us since its foundations were laid by the masterly hands of Washington and the patriots of the Revolution His first duty, therefore, is not only to cast off the garb, but drive from his mind the ideas of a ' pettifogger and a politician, and wrap himself in the mantle of a statesman, cut loose from the influences of the professional politician, anil Uncharge the duties of his office as becomes the ?atriot having in view the iuterests of his couu:ry ouly. If he possesses the talent, the energy md the will to grapple with the issues hi that lapacity, then may we hope that brighter days iwait us as u nation. Unfortunately, tbe course of the administra,ion up to the battle at Bull run reveals Hie lands of the politician instead of the masterly itatesman at its head. Not a sign save the in' itructlons to our foreign Ministers could be seen hat gave us reason to hope that the places so ong occupied by the unscrupulous politicians md been tilled with wiser and more patriotic nen. That disaster appeared to open he eyes of the President; but whether le yet fully comprehends his duty, ind has the ability, the energy and he determination to execute it. future ivents must alone determine. The prompt sum" noning of Gen. McClellan to the command o^ he army of the Potomac?the man who has the eputation, not only at home, but in Europe, vbere he is known, of posseting one of the ipeat military minds of the age, having not inly studied war as a science, but witnessed ,varfaro on a large scale more than any other nan in the country, observing and participating inder the most favorable circumstances in the itrugglc of the allied Powers in the Crimea? is evidence that a favorable change has taken place. The appointment of Gen. Fremont to the jommand in the West ami Gen. Wool to Fortress Monroe, where he should have been sent months igo, have likewise tended to inspire the public liind with confidence. Hut all this avails nothing if they are to be hampered in their opera" dona by politicians seeking their own profit* rko I'attersons, the llutlers and the political farorites at Washington have already injured the muse so much that the hand of the statesuen must show itself in other matters before he public will accord to Mr. Jancoln the wisloin necessary for the hour. When the Presilent presented to Gen. McClcllan the list of brigtdier generals that had been selected by he politicians of the several States, stating hat they were urged by political influences hat he (the President) could uot refuse, the gallant General replied that he had no \ise for \ majority of these men in his army except as privates, and Mr Lincoln, after waiting twentyfour hours, in deciding to yield to Gen. McClcllan instead of the politicians again did that for which the people commend him, but they further demand that henceforth he will turn a deaf ear to their counsels. The advice of the politicians amounts to nothing in this crisis; their counsels are like the coils of the serpent to the President, and if listened to w ill crush out the administration and the natiou. All this is well enough as far as it goes; but a herculean task yet remains to be done before Mr. Lincoln will be entitled to the credit of sufficient ability to guide the nation through its trials. No one doubts bis honesty or his desire to do his duty, but the wavering and imbecility in his departments must be remedied. The snail like operations of the Navy Department, the inefficiency of the blockade, and the loose of (l... Wnr. T>?,,.r,l of Mo hand ft rigid investigation and a thorough change. We do not wish to destroy the confidence of the President in his advisers, but the way some of the officials in the navy have discharged their duty has aroused serious apprehensions and the belief that many of them would as soon see Jeff. Da vis as Lincoln in the White House, and may well awaken the fears of serious complications with foreign Powers who have exhibited a hypocritical friendship towards us. .Since the dovelopements of the Potter Investigating Committee we are charitable enough to accredit to the heads of the departments honest and patriotic motives; but they took possession of their sove ral departments with a set of clerks and officials who had been educated in the treacherous school of Buchanan, Floyd ?fc Company, and may have thus been able to defeat the best of plans arranged by their superiors. A great fault rests somewhere, and it, is the duty of the President to search out and correct the evil His hand should immediately be found at w*>rk in the three important arms of the government? tl^- Treasury, War and Navy Departments? and he should see that no person is 1 aft there who will in the least contribute to the defeat, of the plans of the administration. There are practical men enough who cuu 1'uithlully discharge tho

t 'URDAr, AUGUST 17, 186 duties of clerkships in those departments. All that is wupted is to gdinto tlie practical instead of political circles, and '{ho task will be found an easy ono. Upon Mr. .Lincoln rests the responsibility of seeing that tNi? i* done, and that, too, before those officials thrcT obstacles in the way of the generals that have been called to head the several divisions, and one or all are unavoidably precipitated into another Big Bethel, Bull run or Davis' creek on counter. All this must be done without delay, and those departments made to assist instead of retarding the operations of the anny fi*om Fortress Monroe to Missouri?to strengthen instead of supporting a weak blockade. The 1're. udent should stand as a shield between the common tiers of our army and the politicians, that they n*ay prepare for an early and glorious victory, at.>d again enforce the laws from the lakes to the* Gulf, lie should see that every facility is given to the' several divisions, and that, guided by some military mind, the whole slienild move onward at one and the same time, and continue in us marcn until tne last vo?tlge oi rebellion is put down. The public arc looking to Mr. Lincoln lor the accomplishment of tl'? great work; they will hold him responsible for its failure, if that should be its fate; nor wilf they again permit it to be thrown upon the shoulders of tho Cabinet: lie alone must answer for itAnd now let him cease to lie the politician, and perform the duties of the statesman, if he bus the ubility to comprehend bis duties; or at least prove that he is not behind the energy amipatriotism exhibited by our financiers, who, looking only to the success of the republic of the West, cast aside all prejudices, and dual out their million per day to carry the nation successfully through the struggle for its second independence. Tlie Two Principal Inccmlliiry ^otu-iial* of New Vork?Approaching "Alartiul l<aw, Our contemporary, the Tribune, is at its old tricks again. Tho warning it received less than a month ago, from the general condemnation by the public of its bogus Washington despatches seems to have taught it no- permanent lessons. The Jacobin incendiaries of that journal can no more give over resorting to fictitious letters, manufactured in their own office, to produce an ephemeral sensation, than a confirmed toper can abandon the use of alcoholic Hrinkft. Fulsi* Ipf.tfrH fnmi ICtinmiK uu<vwk<?ili?fl the Slievegauunon fabrications; uud a scries of the most monstrous epistolary inventions that ever wore palmed oil* on credulous abolition readers preceded, for several weeks the bombardment of Fort Sumter. The latest of its dodges and perhaps not the least dangerous, is to Ik? found in pretended letters from North Carolina, Kentucky, and the District of Columbia, in its issues of yesterday and the day previous. They tend directly towards the separation of the Union into two republics, and areas pernicious as the diurnal diatribes of the News in favor of secession. The only difference is that the latter paper advocates openly what the former works for covertly. The "special correspondent" of the Tribvue from. Gatesville, North Carolina, has got hold of a confidential "Bolshuzzar" who sees "handwritings upon the wall"?not an extraordinary phenomenon in fits of both physical and political delirium! The said Bolshuzzar, safely ensconced from harm at his desk in Spruce street, affects, witli the integrity of a Mesmerite medium, to hear "of rumors of slave insurrection, all the way southward?in South Carolina and Alabama?and believes that the whole Southern fabric is underlaid by subterranean fires that may blaze forth ruinously at any moment." " The slave owners," says the pseudo-correspondent, "trcm ble in their shoes," und " drunkenness," " concubinage," and "cruelty" vie with each other in oppressing?somebody " with a horso and buggy"?for the letter writer does not name any other victim in his specifications of brutality. All this is poured forth with the same old sonorous Tribune fervor, which has always distinguished its highest horse attempts at gulling, dementing, and misleading the public. It means just what the AW.s does whim it pitches into the administration for carrying on war to suppress rebellion, and its "cry of horror" in the ears of abolitionists has precisely the same effect as the "indignant denunciations" of 31r, Lincoln's atrocities in the columns of the avowed secession paper. We respectfully warn both the Tribune and the .Yefcs that those things will not do. The people are in dead, serious earnest, in their attempts to re-establish the Union upouaconstifutional basis. They will not be diverted from their object by either underhand abolition sepn" rationism, or by secession undisguised. The talk about slave insurrections, in which the Jacobins of the Tribune indulge, through the reflected medium of lalse correspondence, is monstrous and absurd. There never was a period when the slaves of the South were so quiescent, so well treated, and so little disposed to rebellion against their masters. Surrounded by soldiers, with every town and hamlet excited by the din of arms, they could not revolt against their owners were the provo ation never .-o great Should they do so, their rashness would be deplored and condemned by every good citizen North and South. On the other hand the assertions of the News?so assiduously promulgated?that every measure of the government is -a high handed act of lisurnution." and tiiat justice de mands that the seceded States should be permitted to stand aloof from the rest, tunl 110 response in the popular heart. Both papers must be tangli* u lesson, and the sooner it is begun the better. General Banks has proclaimed martial law in Maryland, and General Fremont has followed his example in Missouri. Newspapers have been summarily suppressed, in St. Louis for promulgating doctrines not half so dangerous us daily appear in the Tribune and Actes. It would be well for the government to organize thoroughly the military force in this State, and to proclaim martial law here, and its first step should ho to suppress the-e two organs of secession and separation which are endeavoring to do so much harm. Gkujkik N. Sanokrs anu IIih Accounts.?A report of a motion in one of the courlRto proceed against the sureties of George N. Sanders, as n defaulter to the government to the tune of $21,000. was published in yesterday's IIkiui.t>. A balance sheet has b<^n sent us. from which it appears the default is only to the amount of $.V2?e, From the splendid style in wbieh th^ late Navy Agent appeared in Washington during the last yexvr? driving a beautiful carriage and four splendid mules?and frogit the magnifloont ttutevfaiinnents i which he gayt to all sot'U ol pyrglo, with a view L of controlling the legislation of Congress, tt." e election for President, the foreign and domestic appointments and all such matters, we liud sup posod thut Sanders was a princely defaulter; i but instead of that we find he is only a minora" i ble picayune fellow, who allows his name to t be brought into court for the paltry *uin of r $5,000. The government ought to give bim a s clear receipt for the amount, together with a h kick 011 the point of honor. \ The One Bright Sput In England. 11 The report of Mr. John Bright's speech, which n was accidentally omitted in our issue of yester- t day. will be found in another column, and we n commend it to the careful perusal of every g reader as the ablest and most unprejudiced ox- c position of the cotton question, the objects of r this war and the relations ofGreut Britain with the United States, that has yet emanated from a ^ trans-aflnrtic source. Mr. Bright is the only pub- < ' Be man ia England who seems capable of rising n to the dignity of a philosophic statesman In the [' disiuisslon of American ulfuirs at the present ti time: He cowptrehendB the true state of the case 'J at a glance, aad" takes precisely the same view ^ of things as th.v owiservatives of the North do: u and as the conservative* of the South would if? u C< no 1 i>ng?r awed by the reign of terror there? n they were allowed to express their opinions. ? Unlike tha Exeter Hiiil or anti-slavery party, he doe.- not look upon this contest as an aboil- g Hon Will** fin/1' nnlil/n-fliii imrounmnnd fAlfnn , , ? wv""" CI party, he does not regard it from a purely selfish point of survey. Ho tells the people of p England that our object is to maintain the con- p stitution of the United States, and to act legally jj as it permits and requires, and not to liberate j; the slaves; that tho war is one to sustain the government and maintain the authority of a n, great nation, and that the people of England, if j1( they are true to their own sympathies, to their p own history, and to their own great etnnneipu" p, tion act of 18114, will have no sympathy lor 8( the enemies of the Union. j;l The illegality of secession Mr. Bright iiuts- b; trates by an appropriate parallel when lie says, tl li Do you suppose that, if Lancashire and York- tl shire thought that they would break off' from ci the United Kingdom, those newspapers ui which are now preaching every kind of mode- h ration to tho government of W ashington would t< advise the government in London to allow these vi two counties to set up a special government for tc IkamoalnuW An/1 Inno if ?.. .m.iinuino, auu "S"1" "(Vowuun ?, " ?" '? III the people of Ireland asked that they should T secede, was it proposed in London that they ni should bo allowed to secede peaceably? pi Referring to the cotton supply, he says di people tell him there will be a compro. pi mise, or the Euglish government will 11 break the blockade, so that in any case cotton tl will be forthcoming. '-Now recollect," says je Mr. llriglit, "what breaking the blockade w means. It means u war with the United States; W and I don't think myself that it would be cheap th to break the blockade at the cost of a war with til the United States." He then proceeds toemr vi mcrate the evils resulting from such a collision N to the operatives of Lancashire, apart from the ci manifest injustice and the violation of all inter- m national law which would be involved in w foreign interference with a legal aud effective r< blockade. He does not hesitate to express his 01 own belief, founded on an undoubted fact, that the interests of Manchester are more dependent fu upon the success than the failure of the Wash- ot ington government, and that the sooner tli there is peace in America the sooner will cotton rr Ik- sent to Lancashire. The strongest argument T liwuvor ni uie connuuauon 01 peace oeiwoen ie England and this country is that where Mr. ni Bright says that the English government cannot ct afford to go to war with this country. The C< vast commerce which belongs to the nation of In shopkeepers would not ouly be jeopardized, but h< ruined, by war with the United States; and oven ei if the government was so far influenced by its w jealousy of the greatness of this republic as to tli risk a conflict, the people of England would hi rise, not only to protest, but to rebel. Hi And what would be the sequel? The vaunted fa supremacy of England would uo longer exist, ci Her shipping would be swept from the seas; pi her looms would remain idle, and famine and ct riot would reign in Lancashire. Debt and lc poverty would accumulate rapidly upon her- ei Even the throne itself would be imperilled" Meanwhile the United States, with a loyal popu- jQ lation of twenty-two millions, and far greater 'j0 natural resources than Great Britain possesses, would withstand the shock bravely and firmly. rf We, therefore, can better afford a war with Eng- j j land than England can with us. From such a contest we should emerge victorious, and with the ,(0| rebellion trodden out antler our feet and the ? w< federal authority restored in every Southern m State. Mr. Bright silenoos the criticisms of the Eng- 0f lisli press upon the conduct of the war, by di saying that nothing can be more monstrous ,)( than for a people, by uo means averse to war r( themselves, to go on carping and cavilling with ni what the federal government is doing, lie ad- n< vises his hearers and the people of England to 0| abstain trorn. applying to tuo united btatos C1 doctrines and principles which they never apply b< to their own case. lie tells them we have aI never squandered our money in such phantom i(1 expeditions as the English have been engaged Ci in, and that even in the great emergency of this tr war for the Union the sum we are going ai to raise is no greater than is raised in b< Great Britain every year during a time of 0| peace. We are glad to'find that there is at j P, least one statesman in England capable of p( forming a just opinion upon American affairs, b and we doubt not that he expresses the vious oi of the great majority of the English people, ir who are neither trammelled by abolitionism r< nor cotton, and whose sympathies are decidedly jr in favor of the North in theiar struggle to main- w tain the integrity of the rs-public. p Gf.nehai, Bitixu, Si rkitskdsn bt G&nf.ral t Wool,.?This is a change which augbi to have '* taken place long since. General Butler liu^ proved himself lo be a very important ami very pompous personage, not unli&e a Turkifh Pacha. Hi' strategy ha? been stost mastevly, but it has been more successful against tlw ] newspapea reporters than against the enemy at 1 Big Bethel. He put hue unfortunate, menjber 1 of the profession, to tlighb. wlto nevrr stepped i till ho got to Baltimore. The great ol^o i of 1 | his ambition at, Fortress, Monvoc was to, control j ! the reports intended for the public- journals. | lie played, the same, sort of game hefore at. An- j 1 napolis, and now lie has played himself < ait. A ' man of a very diScrenrinettle, a?d of military j education, experience and capacity, has taken j his place., and we have no doubt will give a good account of himself if the government will \ aU'ord klui 4 l'an QpDortiuutj. "i Exchange of Piuboneks.?The interesting letter w liich we published yesterday from Dr. Norval, ot the New y ork Sevonty-nlnth regiment?who, f, ith the other surgeons of the federal army nan c prisoners, has lie .. released on his parole >fliOL or the Confederate generals, and it low jus 1 returned from Richmond?is well decrying Oi't"10 attention of the government, llo ays he lias upwards of thirteen huudred rounded ant1 prisoners of our troops behind lim. Dr. Norv. bears the most decided testlnony to the hum. xnity 11,1,1 kindness of ILe oneny?which is but tlie uniform testimony of all lie wounded and pn>?ners?but he says theso wn have the most b/tter feeling against our overnment on accotllW 1 ol lls refusal to ex~ hunge prisoners afift to , recognise the Confedoatea as belligerents. We %quote his words:? There Is one thing 1 eanuw rofra. " from adverting tote fevltuga of tli(j wounded iimi o, "boners towards out avi-riiPiant. If the paaaivo treatuv*. 11 lUl>' ur" 110* reviving continued, and wlikh is h"? l"? t0 every prinipie of ctviliaod warfare, thorn will M, suc1' a ll0wl Uoiu u>se dungeons and hospitals ui will U'lt thio'ighoul :io whole length and Breadth of the Noett '> aurt would do loro to dajnago our caiao than two stwfti battles as at iuuassns; resides, it w'.tl bring liewn ii^n* Iho admlutv ati'ni the cftuilemnatiooof other Power??*, 'u short, Iho holecivilizial world. It would bo laJudlrthtA losuyinoro n this siihjet t ut preseuti You insy heir !* mo in a ituro coiummicntion. I had u petition to-tli*, Kxoelloncy le President from the imprisoned officers^ i showed it Gen. Winder, of Uie Confederate forooc 4 B Ba'U ha old not allow It to pass without showing it?dl the Wai epnrtment, nint'lf thoy pus;^ on It, ft was *> 1% ' seat by dams'Express. The prison *rg anxioisty attain. Iho rO ill of this politico'bofore giving vent ta their fe<4 'ings. We must confess that wj entirely consu* with ifl Norval. TL# editor of a jonWial ih'\ ikto it.y, who freqitt nt* battle fields, but ivIV^y ?yn i ikes too good?use of bis heels to'be math risoner, advocate1* the iuhifnan und bmh ^ olicy of leaving our troops Uken p?lflonera?? * mi iiiu iu rut in cmiiiiciii jaii*. istiiiiiaa "rn? ttlc villain" boon captured himself, like Co* ressrihn Ely, ho wo rid now, lilee- that, gentle" an. advocate a very different course. W? >ld that there ought' to be an exchange of! risoners' at once, inc'uding the c.-'ews of th?? rivutoera, who, after a'V, are only enemies at >a. as tbO Confederate troops are enemies om ind. Matty of the latter have been released: y General- McClellan, in 'Western Virginia, oa> ieir promise not to take up amis again against ic United States government; and soma tvalry of tb? enemy, prisoners in Washington, odcr the very eye of tho government, haveuen set free on the same condition, igether with an oath of allegiance, which is of try small consequence. Why, then, hesitate apply the same rule to the privateers? Hcuig g if iin- wtMMi use 10 which men can on put. hat the Confederates are entitled to be recog>i/.ed us belligerents they have themselves' roved at Manassas; and the best way is to cant dly admit the fact, instead of standing upon a jint of etiquette which is impracticable. The ritish government, when it waged war against ie.se States, at the time that they were its subct colonies, proposed to hang the prisoner# ho fell into the hands of Its generals; but rat-hington, in a brief letter, convinced them mt this was not for their own interest, and ley abandoned the idea. The course our go-, i nment is pursuing in this matter is, as Dr orval observes, "hostile to every principle of vilized warfare." The old idea of hanging ion for political offences is now obsolete, and hen we have succeeded in putting down the bell ion the Union will be restored more bJ ur humanity than even by our arms. In the present case the disadvantage of reisinir to exchange is elearlv on our side. If lr government hang as traitors or privatoers te prisoners they hold, the Southern confede* icy may retaliate, and hang ten for every one* tie prisoners held by the United States are w; the Confederate States have a large umber. Until the action of our government beinio decided in reference to the privateers, the onfederate government gave the prisoners they id taken from us every indulgence. Now they >ld them in close confinement The effect oa ilistment will be exceedingly bad. Thousands, ill shrink from engaging in a war in whicby if1 icy are taken prisoners, they are liable to b?' ingcd; and if they are already enlisted there ction that they may meet so ignominious . te is not likely to add to their eoolness or jurage on the day of battle. It cannotim? rove the Union cause or contribute to thosuc? '88 of our arms to signalize the war by need" ss cruelties or revive the barbarities of less. ulightened times. The Success of thf. Loan.?A secession urnal in this city holds that the government, an must fail, because the government must, il to meet it as it becomes duo. Bujb4n,ik?? iison the writer assigns he refutes himself., e says:?"The success of this scheme depends jon the ability to float the circulation. IB ' odd he very.easy to do so if trade and industry ere active; bui they are not, and no circulation ! ill remain oat. Allien trade is paralysed ?U oU gallons seek liquidation.'' Now tliovery oUfroi ' this loan will be to create trade and actrva ifc istry, so that the condition of success.la? | jwn will he amply fulfilled. Tbc money !w r. wed by the goyernment ia not like so-, mi* Qj| oney thrown into the saw, tint * ill jt come back again; nor will it be sent out ' iho country. It wtl t*e speat hero: anil f cjr. listing through every vein and artery,? f the jdy politic, will give a new stimulus-to.t? a(je i internal trade equal to more than tin* whole st.trade of the Souths The cornnaoditi* swant1 for the war will givo existence 0 a new ad*. Tlie monoy Svill return again rapidly* id if it should je nfecessary to pay. a* ,y foreign eiauces, there are/from fifty to savent v millions ' specie on band for that paipo* .. But the aeration of tan /Morrill tariff wilt prevent im" L>rts. while Euuope ennnot <lisy?f use with oui readeluffs. The, balance will th crefore be in nr favor, t>tMl?Enrope will bavo pny ,18 g0u stead of lading it away.. rW ;e money bor>wed by tlie governmeut wV \ thus be kept i the caWitry, and an extr.^r ruinary stimulua rill b'? 'given to many btv nches of domestic rode. / Of'ttourse the debt will . fall upon posterity; ?ut die expenditure of 8\? hundred millions, it the l'ate of a million per day, in the country, mist necessorily revive business, and render nuploymcnt and moiw plenty. We are beter able to bear this d* -bt than England. The csources of the coup try arc fresh and uninr raired, and thev a re vastly greater than England or Franc*? ever possessed. It ia ;rao tliat a large nrf .ionai debt is something new incur system. Br it it set no? a.? if it were necessary for the security of all civilized systems ot government, 1?omc of tbc greatest statesmen oi England har*> held that it is her immense national debt that preserves her from revolution. So many tof her population have an interest in tlm gov eminent stock that they will n'.ways do their utmost to prevent the overthrew of the government. It appears we won't something of the same kind t-> tender our institutions suable?something that would act as a drag

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