Newspaper of The New York Herald, August 29, 1861, Page 4

Newspaper of The New York Herald dated August 29, 1861 Page 4
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4 NEW YORK HERALD. JAllES GORDON BENNETT, EDITOR AND PROPRIETOR. OFFICE If. W. CO UN UK OF PULTON AND NASSAU NTS. TFRMii auk in adtwien, Umry tent Iw mail irill henllhe rift" o/ the under. Jfont hut bank t'lilt current in AVw i ark taken. Volume XXVnT No. MHO AMUSEMENTS THIS EVENXNU. WINTER OAItDEN. Bioadway.?Laar Yam?Toodi.m. NEW BOWERY THEATRE. Bowery.?BellRon?LoTianr Ti<jkkt?i.vo..i &< ? ? " n. BARNUVS AMERICAN MUSEUM, Broadway.?Day Mil Evening? ' I K Kl.k?II ,11 T II I )| I Mill. K lill'J V- j roTAM^ SUA Lion, Bkaiii, AND Otukk Cukiomtiiu. 1 I BRYANTS' MINSTRELS, Mnrhaolcs' 11*11, iTi Broadway.?.minus, l'AMks, Durumou**, AC-?Bull Ron. MELODEON CONCERT HALL, No. m IIroadway.? Soma, Dascar, Buw.tauvKa. Ao.?.riland in ltUo. CANTER BURY MUSIC HALL, &S5 Broad way.-Sowoa, OaMOkS, ilUHLKaut'S'ri. AO. OAIKTIES concert room, 616 Krondway.?PiuwiNa booh en taktainbum a bai.lkth. pan.omibek, kakcvk, ao. | AMERICAN MluSIO HAUL, 444 HrnadwRy SoNet, Ballets, pantomirm, Ac.?iii.ack status. CRYSTAL palace concert HALL. No. 44 Bowery.? 1 borlmqcacs. SoNQa, DaNCKS, ac.?ui aCa utah ?. ] WASHINOTON MALI,, VYllIlAm?Iiurg.?Afternoon end . rrviuiik?iekt. davis ahii His Abut?a Tiwucr and a tailor?a soldi kk amd a saii.or. reformed dutch chi koii, Molt Haven.?W. A. Eimu'a SAORKD COMCRBT amd okuah i'BRroRMANCB. I New York, Thar*ilay, Auguet 'AD, 1SG1. OUR WAR MAPS. The nnmoroua maps, plans and diagrams of the operations of the Uuion and rebel troops iif Virginia, Missouri, Illinois, Florida, and on the Mississippi and Missouri rivers, which have been published from time to time in the New York Herald, are now printed on one sheet, and is ready for delivery. Agents desiring copies are requested to send in their orders immediately. Single copies six cents. Wholesale price the same as for the Wsxxly Herald. THIS SITUATION. Vfe have received brief particulars of a despe rate battle at Bunimersvitle, in the Kanawha valley, Virginia. The Seventh Ohio regiment, numbering nine hundred men, were attacked while at breakfast by 3,000 rebel infantry, a large body of cavalry and ten pieces of artillery, but notwithstanding such fearful odds the Union tr opo succeeded in cutting their way through the ranks of the enemy and effecting a retreat. The Ohio troeps reports two hundred of their number lost in the conflict, while the rebel loss is represented to have been vory heavy. The naval expedition which nailed from Portress Monroe continnes to be an object of curionty, its destination in part being a mystery. The ships of war took with them in tow several hulks for the purpose of sinking them in the entrances to the inlets ?n the North Carolina coast, so as to prevent the ingress or egrcBS of the privateers, and thus to deprive them of the power of taking in their prizes or of finding a shelter for themselves when pursued by aur armed vesselsBeyond this at present we are not permitted to be specific in our statements as to the objects of the expedition. We may, however, say that the sinking of the hoiks is not the only object, and that our renders will probably soon learn that a series of naval operations all along the Atlantic coast, for which the public have so anxiously looked, will have been this week inaugurated. And we may further state that some hard fighting may be expected, and if the expedition should be very successful, the infantry troops sent out will not return with the squadron. General Butler will have an opportunity of distinguishing himself and effacing the unpleasant memory of Big Bethel. A flag of truce was sent from Norfolk to Fortress Monroe, for the ostensible purpose of sending northward some prisoners and lady passengers, but probably with the design of fishing up some news about the expedition. The flag was detained, and another sent after it was als - detained till four o'clock on Tuesday, w hen both were permitted to depart, the expedition having no doubt reached its first destinaSnn The city of Washington was full, on Tuesday 1 night and yesterday morning, of reports of a flglit on the other side of the Potomac, and the informs- , tion about it, even in well informed circles, is con- 1 Dieting. Certain it is that the enemy's pickets in considerable force?infantry, oavalry and some artillery?have been hovering in the vicinity of i Ball's Cross Roads; but as to several men having been killed on both sides, that is doubtfhl. THE NEWS. i The Secretary ol War has ordered the stoppage of all telegraphio despatches for points south of Kentucky. Previous to the sailing of the Cunard mail steamer Persia, yesterday, a diligent search and scrutinizing lookout were kept up lest traitors to the United Hi a ten government might be on board. Four detectives went from this city for this special pur pose. There was one party who had stopped in a hotel in Jersey City the night before, and l.i, ,1 nil.,. 1- I....... nav uwu iuuui^vu i*w?i ucci; in inu^uajjt tending to favor the Southerner!"; still there was no arrest made, nor did anything transpire hi warrant his arrest. There were no traitors consequently on board. The British steain vessel-of-war Rinaldo, M. N. Hewitt, H. N., commanding, arrived at tlds port yesterday afternoon, on her way to join the North American Beet of her Britannic Majesty. The Rinuldo monnts seventeen guns, is of two hundred and eighty horso power, and has a freightage capacity of one thousand and fifty-six tons. Her crew, when at its full strength, consists of one hundred and sixty-five men. She sailed from Halifax on the 22d inst. The Washington papers arp throwing out pretty strong iutimations that an onward movement is soon to be made by General McClellan, and that a cries of victories are sure to he the result. A. II. Garland, member of the rebel Congress, Is tumping Arkansas in behalf of the Confederate cotton and corn loan. The Southern planters will have some hard fighting to keep clear of thatloan. A regiment of Choc taws, one regiment of Chlcka aws, a battalion of Seminoles and a company of Creeks, all under the command of General D. II. Cooper and Captain Albert Pike, the Southern papers any, are afbcat to enter Kansas to fight lor the rebel causa. Six companies of cavalry, all mounted and uniformed, ''rum Madison, Ind., passed through Cincinnati 011 the 25th inst., on their way to Washington, v n 'mrg. It required five steamboat* to con \ he river. Tie- V i'rIneliC Bays the "Monster T.ii ' on the defenceless families and 11 ? Kentucky "a gang of laem il, enwardly thieves and 'til they reach Vt M and devastation, but arc insulting the women aud maltreating the old men of Kentucky." It is now pretty well understood In Louisville that the President will not recognise tho neutrality noascnse of Kentucky. She must come out and declare openly for one aide or the other, and the Legislature and tho people must either follow tlioso two secessionists, Breckinridge and Magoffin, into the Jeff. Davis confederacy, tr they must wheel Into the Union line. The Union men, without reference to party, of the town of Pelham, Westchester county, are to meet Ut tlw< Ti.tvn ( I,.Iiua nn EVi.lo.. ? ?- ?uv *v>? u "VWOV W4I 1 IIUitJF OIIVIIIWWM. ltumors of changes in the Cabinet are numerous. The Boston Adcerliter of yesterday nays that a report is current in that city that Messrs. Seward, Cameron and Welles will soon yield their places to Hanks, Holt and I>ix. A petition is in circulation in Cincinnati, which Is already numerously signed, asking the removal of Simon Cameron and the appointment of Joseph Holt in his place. We ahull probably soon reocive news of another important battle in Missouri. Ben. McCulloch is getting bold. Two Union men, about seven mileH from Coving, ton, Ky., were set upon by a party of secessionists on the 25th inst., and oue of them, uamcd James Moore, was shot dead, and the other, Edward Veal, fatally stabbed. There are no more appointmenta to be made in the army except for such men as win the right to promotion by meritorious deeds. Aspirants will please make a note of thia. Another new gunboat, the Pembina, was launched yesterday from the shipyard of Mr. Thomas Stack, foot of North Sixtli street, Williams-burg. The Pembina was towed over to the NoveltyWorks, where she will take in her propeller | engine#. The Teutonia, from Sontlvmpton on the 14th instant, reached thin port yesterday. Her news 1 a been anticipated. The Teutonia reports tho (jcuott, Captain Gilchrist, from Kavaunah for Amsterdam, put into Deal on the 10th of August. Our correspondent at Belize, Honduras, writing on the Kth of August, sends the followiiig items of news:?A cargo of Jamaica c >ffee has been wrecked somewhere near the Coon Islands. It was on its way to New York in the brig Elizabeth, Captain White. Two hundred bags have been brought in here as sound as it was the day when shippedProduce is dull, owing to the low prices in New York and England. The interior of Honduras is inundated. The rivers, lakes, creeks and lagoons have all overflown, and many lossoe are the consequence. A cargo of lumber from an American wreck has been brought in, and will be sold at public auction. Lumber is very high and scarce; N10 per thousand feet was paid for some of tl.e cargo at private sale. The Commissioners of Emigration met yesterday, but nothing beyond the usual routine business was transacted. The weekly statement shows that 1,125 emigrants have arrived here during the last week, making a total of 63,994 who have arrived at this port during the present year?a decrease of 15,753 up to the same time last year. The number of inmates on Ward's Island is 880. The Treasurer's statement shows a balance in the bank of #17,591 59. The stock of beef cattle on sole at Allerton's on Tuesday was not increased by fresh arrivals, and the entire number were placed at the advanced rates noticed in our summary yesterday morning, the range being from 6c. a 8%o., with very few selling under f>Ytc. a 7c. Swine were slightly firmer, ranging from 3%o. a 4%c. Other stock was unchanged. The total receipts were 3,223 beef cattle, 124 cows, 418 veals, 12,153 sheep and lambs and 5,204 swine. The cotton market was Armor yesterday, with sales of aliout 1,800 bales to spinners and on speculations, closing on the basis of 18*4c. for i-tlddllg uplands. Some brokers ranged prices at from lKJ^c. a 19c. The latter figure, however, was an outside price, though a lees figure was re. ported by sumo holders. Hie flour market was less ac ttvo and buoyant, while prices for mint descriptions woro without change. Wheat was somewhat irregular. Good shipping qualities were sustained and rather firmer, while other kinds were rather easier. Corn was in good request for domestic use and for export. I'ork was inactive, with moderate sales, at $15 for mess and at $10 for primo. Hugara were firm, with sales af 1,400 a 1.500 hhds. at full prk'.iw. Coffee was firm, with moderate aloe. Freights wero flruj, but less active:?Grain to Liverpool, in bulk and bng% waa taken at lid. a 11)44. and flour at 8s. To London grain was taken at lid. a 1*21 , and flour at 3s. 6d. To Havre, In American vessels, wheat was taken at 21c. a 22c. Cotton No Longer King?Commercial Revolutions all Around. Notwithstanding the battle of Manassas, the tone of the English press is very much moderated upon the subject of our coast guard and Hie supply of cotton, as appears from the extracts which we published yesterday from our files of London journals received by the steamer City of Washington. It appears that the factories are not bo badly off after all. According to the London Netca, there are twenty weeks' consumption still on hand; whereas, at the same timo last year, there were only twenty eight weekB in store, though from the present stock deductions must be made for more than the usual export to continental Europe, and even an export to New England. The London PostLord Palmerston's organ, says:?"If the block, ado be ineffectual, neutral commerce will comparatively suffer little injury; if effectual, the first principles of public law tell us that we must obey with a good grace, however disagreeable the restriction may be for one great staple of British industry and British wealth." It is evident that the English journals are gradually preparing their readers for a great economical and commercial change which is to take place in England In consequence of the present war and the change which has taken place in our relations with the South, resulting in great mutations in our own trade and commerce. From the official tables of the trade of this port we are placed in possession of facts and figures wldoh. when properly understood, indi. cate one of the most extraordinary revolutions that ever took place In the commerce of any oountry. Nor will its effects be confined to the New World. They will be extended to the commercial affairs of England and other nations of Europe. The figures to which we refer are as fellows:? !>>ial Imports for the week ending August '24, 1H61 *2,100.2*0 Total Imports for tlx? week ending Augvet 13, 1868 8.846244 Tt'tJ ini|>orta for this year, up 0) same date. 'XI,030,173 TuhU imports for the year 1800, up to lamr date 188,763,70 Export* of produce end mere hand too for the week ending August 2i, 1801 1,880,819 Export* of produce and in ic bataltoe tor the oorre*pon.l4i,g week of I860 1,746,141 Exports of produce and tnm ctiaodfaa for thto year, np to Aaguii Jt 81,710,273 Exports of produce and merchandise ft>r the same peri ?1 of U*t year 68,6?2I066 .Specie exported for the week ending August 24 1861 1,200 Sjwcle exported for the corresponding week of I860..... 1,648,000 8|x.< ie exported fhr this y?ar, up to name date 3,180,180 I Spscioexiior'c.l Ok Uu-t year, up 0> same date 34,267.787 I Now those figures show how our imports of merchandise have been reduced, and our exports of produce uud merchandise increased in an extraordinary degree, while our exports of specie have diminished to a still greater extent, being only $15,156,1 <>0 for the year from January 1 up to the end of last week. againv *34,2fi7.7h7 for the same period of itti-' li?? ft V" . '".'Is l,ut x EW YORK HERALD, THl average amount, for it diminished after the election from the same cause wbich has almost wholly stopped its export in the present year. In the year lbuD, up to the corresponding date of last week, the export of specie was $15,702,210* It is very easy, therefore, to see how our bunkers have fifty millions of specie on band, and how the people have so much gold and silver in their purses and hid away in stockings. The balance of trade has been altogether in our favor, and that is what makes commercial nations prosperous. The short crops in conti* neniui Europe anil the surplus crops in Auie ricu have enabled us to export vastly more than we did last year, notwithstanding the blockade since April prohibiting the export of cotton, sugar, tobacco, rice and other articles of Southern produce. On the other 1, we have imported fewer luxuries, and ,se who have dealt in such articles have suffered, though not the mass of the couim-.nity. Instead of employing our surplus capital in importing foreign merchandise, we are now using it in a home trade. A million a day, of which the fifty millious of specie are the basis, is now being spent in the country on various branches of trudo quickened into activity by the war. {Business is, therefore, reviving in a new form and to an unprecedented extent; and it will soon be made apparent that the North oau prosper without Southern cotton. It will uot uecd to import so much dry goods urnl so many luxuries, because hitherto a large pro portion of these thlngH went to the South to pay for its cotton and other article* of export. The increased iuterual trade of the Northern States with eaeh other will more than compensate for the loss of Southern cotton. It is very clear, therefore, that cotton is not now king over the North, and never uiore will l>e. A commercial revolution has taken place which dethrones him. Nor will his reign he of long continuance over the South; for the same revolutionary process is going on in the commerce of England that has been accomplished among ourselves. She can dispense with American cotton, at least till we can get her all she wants, and it is not necessary for her therefore, to interfere with our coast guard. A supply of cotton can be obtained from other countries till tho war is over, or a grant of money can be obtained from Parliament to relieve the distress of the ! mi'iruij popuiutiun uu ino rt'i'i'iuon is } crushed iu tho South, and that would be a much cheaper mode of meeting the temporary diffl1 culty, and far safer besides, than pluugixg into u war with tho United States by meddling in its 'internal affairs. Eren upon economical and financial grounds, therefore, it would ho bet* ter for England to wait till wo get cotton for her than to take it now by force herself. Nor hare we any doubt now that she will wait. From the extract we have already published from Lord I'al mere ton's organ this seems evident enough. But tho following, to the same ; effect, may here be added, from the organ of Lord Derby, the administration and opposition thus concurring in their views:?"Nor need tho Southern States imagine that they hold the keys of all the cotton reserves in the world. Englishmen should desire of all things that this really fruitless war should cease, ami that cot Ion should still come to them from their kinsmen. But Englishmen repudiate, on the other hand, having fastened upon them a pro-slavery interest and a pro-slavery sympathy, by the enunciation of the unfounded notion that, if they cannot get cotton through slavery, they must go without." This is sufficiently plain. American cotton Is not necessary to England. She can get the staple elsewhere, and if she could not, still she could do without it altogether. No great commercial nutien can ever be left dependant on a single branch of trade. If one branch fuils, or is cut off, another springs up in its place. Instead of cotton, some other fabric will be manufactured, and the South will Boon learn that England can do without her cotton till doomsday. The South, too, will And out that she can prosper without sell' ing a pound of cotton to England, and North and South and England will discover that they are all three more independent of each other than their political economists appear to imagine. Certain it is the result of the war will show fhn>. Mnrfli /?an Jn vritfmtifc Sntifham trade, aa England can do without American cotton. And the cotton emperor will learn that he ha* made the same mistake that the elder Napoleon made in his war with England. The imperial ruler of France imagined that he could destroy England by the destruction of certain branches of her commerce. But instead of that) the war gave an extraordinary impetus to her internal trade, and the vast sums of money borrowed by the government, and spent In consequence among her population, circulated through every artery and vein of the body politic, awl gave new life to trade. Of course these loans must bo repaid by posterity, but only their good effects were felt by that generation. It is even so in the present war. The stimulus to our internal trade and the circulation of so much money cannot fail to benefit the whole community, and though we are deprived of the Southern trade, wo have more than its equivalent. The cotton lords of the South, in their pride and conceit, imagined they could ruin the North by outting off their trade with us. They hare only ruined themselves, while tho NcHk Is not only uninjured, but is entering upon a new and a glorious career of commercial enterprise. Hard Timjw?Rewition ok Salaries.?We see that (here has Ih cji a general reduction of 8alar ice in the 1'atent Office, beginning with the principal examiners. This example should be followed in all the other departments of the <ro. vernment. Bat to render the measure just and equitable, no one should be exempted from its operation. While on this subject we have a word to say regarding the injustice of cutting down the salaries of the subordinate clerks in banks and insurance offices, while those of the presidents and secretaries are left untouched. Many of these latter are receiving princely incomes of from five to fifteen thousand dollars a year, and are rendering but little service for them. When the dividends from Investments are cut down by short earnings and the deductions of the income tax, it is not fair that sinecures like these should

be suffered to escape revision. Justice to the widow and orphan. who are dependant on the interest investments, demands that., while they are compelled to put up with low dividends. the rich manage: s of these companies -boild not he pa: 1 the - m si)uie= ns in pros porous times. We recommend the subject to the uiten ieoof shareholders. It is not a just wwwuuui/ W U.WU Ufc W1U Mtl'Ug v_uu. 1RSDAT, AUGUST 20, 1861 Foreign Misconception of American Affairs. The organs of public opinion In England and Franco display, in their daily discussions of our national difficulties, a lack of information and an amount of erroneous reasoning which would oe veaiiy aatonisiung ir it were uot a ciironic disability with them. Thus they talk of the war in which we are engaged as of a thing that our government might have avoided, and the remedy which seems to them the only efficient one is submission to the rebellion. In both respects they are entirely at fault So far us the present administration is concerned, it had alternative but to accept the gage of battle thrown down by the rebels, unless, indeed, it proved itself as treasonable us the Montgomery cabal, and assented to seeing the American republic shattered into liulf a dozen or more jarring, discordant and mutually hostile fragments. And this inflection needs to be impressed upon some of our own citizens nearly as much as upon foreigners. It is not unusual to hear Americans expressing regret tbut compromises were not or are not made and all the demands of the rebels acceded to, even though such compromises were the dismemberment of the republic. Some of those who talk so are but ill-disguised traitors, while others do not see the couolus'oti to which their proposition would necessarily lead. Ask any of the latter class whether he is willing to see the United States reduced from the position of a first class to that of several third, fourth or tenth rate Towers, and he will give you an indignant negative. Others, again, would like to see ponce patched up on any terms, however humiliating or destructive to the country, in the hope that a revival of business will follow, and that they, at least, may become prosperous, no mutter what fate befalls the nation. Their motto is. "After us the deluge." In most instances this class is composed of men who have been doing business on credit and without capital, nnd who have seen their airy palaces tumble to pieces at the tlrst mutterings of the storm. Such as these may coincide with those foreign presses which think that the war should have been avoided by the government at any sacrifice, and that peace, even on the most humiliating terms, is our true policy. Fortunately, neither the people of the United Slates, nor, we venture to say, the people of France or England, entertain such narrow, selfish views. They can rise above the petty cares of the hour and see beyond them what the conflict really means. It means the success or failure of republican institutions?the existence or dewnfall of the government established at such immense sacrifices?the renewal of our career nf 1? ,v>: v* |/i i hj , ivui|iuiuiujr juicuupiru uj hub wicked rebellion, or the lapsing into the lowest depths of national adversity?the establishment of internal peace on a solid and enduring basis, or the perpetuation of a system of border warfare as barbarous and sanguinary as that which has exterminated the Indian tribes. And yet foreign presses coolly and with ap. parent earnestness blame the government for not having acceded to the demands of armed rebellion, for not having admitted the principle of secession, which renders all idea of permanency in national affairs impossible, and recommend us even now to buy peace upon any terms. But do they know what all this means? If the two sections could ever come to an amicable agreement as to the distribution of debts, assets and territory, what chance would there be of arranging as to the navigation of our great rivers and bays? None whatever. Hven if a plan were adopted and agreed to, giving to all sections equal rights and powers in the navigation of the Mississippi, Chesapeake Bay and the Gulf of Mexico, how long is it supposable that that treaty of amity would be observed? Not a year?perhaps not a month. If we were not embroiled by fugitive slave cnses, we would be sure to be by revenue laws, or by that mutual jealousy which would inevitably follow a divL sion of territory. And what then? We would have to renew the straggle, and the straggle would then become really one of subjugation. What then would prevent the thieving and traitorous politicians oj Florida selling out that peninsula to Spain? What would prevent the retrocession of Louisiana to Franee or of the Old Dominion to England? Absolutely nothing. Do timid men at home, who pray for peace on any terms, or do philosophic journalists abroad, who calmly advise us to submit to rebellion, realize that these are some of tho inevitable consequences that would flow from such a policy? Instead of peace, we would have perpetual war; instead of prosperity, we would have national ruin and bankruptcy, and instead of a great, strong, beneficent national government, we would have brawling, faithless, petty, contemptible despotisms, as a relief from which we might well welcome (he protectorates of Spain, England and France. The American people are not yet disposed to embrace such evils. Use Made ok Oir Abroad?A Hint hor the Manchester Men.?The Enerlish liberals are not allowed to remain long in doubt us to the usee to which the aristocracy of that country mean to turn our present misfortunes. "When we see," sayu their leading organ, "that an unlimited democracy conveys not the slightest security against the worst of wars and the most reckless extravagance, we may apply the moral at home, and congratulate ourselves that the old British constitution has not been pre. cipitately remodelled after a Manchester design." As if there were not recorded on the page of history, and that within the memory of a generation, such parallel events as an Irish rebellion, a Canadian revolt and an Indian mutiny! Parallel, did we say? We retract the term. There is nothing identical in them, save in the alarm and anxiety which they occasioned. T he rebellion in this country has been brought about by no fault of the government, and by no inherent de feet in the republican system itself. The other ll. -o ..kt.l. ...r? a.! 1 ivvr'iuwiio Ml nmvu *> v tuvi uau VUVII Ul Igill inthe injustice, the mal-administration and the corruption of a pampered and selfish oligarchy. Should the experiment of a republican system bo destined to break down in our case, under the combined influence of internal treachery and foreign aggression, it would prove nothing against the superiority claimed for it by the friends of human freedom. It will not be bj its excesses, as in the case of Rome; by it* cruelties and inconsistencies, as in the case ot Franco, or by its corruptions, as in the case ol Mexico, that it will have fallen. The lessons o progress that it lias taught, aud the blessing; which its mild and beneficent rule has conferic on a large population of mixed nationaliti ' annul bo end y ob!he \teil or Tovgot ten. Th (nut UO uotUU,? in in) uuiitt) uc,??u 1UU It ' L bbould?to discourage or to depress the hopes of those who believe in the perfectibility of republican institutions. On the contrary, the example that we have set will only have the effect of encouraging other nations to emulate and surpass it. The Watering Flare*.?.Close of the Season. f We publish to-day our latest batch of letters from the watering places, and it will be seen that the season is already drawing to a close. This summer has hardly been very profitable to the watering place hotel keepers, for the pub 11c have left them severely alone, not more on account of the pressu re of the times, perhaps, than because of a general disposition to pay off old, long standing scores with the innkeepers at the first convenient opportunity. We have often before descanted upon the abuses which run riot at watering place botelB, and are rather rejoiced than otherwise that the landlords have at lost met their Nemesis, and discovered that, though the mills of the gods grind slowly, they crush exceedingly fine. Of the accounts of watering place life which we have published this year, those from Long Branch have of course been the most interesting. Thither, following in the train of Mrs. President Lincoln, flocked all the fashionables who usually lie about loose at Sharon Springs and Lake George, dance, drink and dress to death at Saratoga and Newport, or bathe, like hermit mermaids, at L'upe May. While all the other summer resorts were comparatively deserted, the hotels at the Branch were overcrowded, and belles and beaux basked in the brilliant atmosphere of the republican court, and shone with sublime but softened splendor alongside of Mrs. Lincoln, like stars seen through the train of a comet. Mrs. Lincoln has now gone to Niagara?which is not exactly a watering place, though there is undeniably a great deal of water there?but slio lias left so much of her influence behind her that the hotels at Long Branch have decided to keep open for at least another month. It would be interesting to know how the summer re-iorts down South have fared this season, and what proportion of Southern ladies and gentlemen have visited the white, red, black, blue and green sulphur springs, and the cold, warm und hot springs of Virginia, North Carolina and Georgia; the ocean houses along the Mexican Gulf; the Sullivan's Island of South Carolina, which lies under the guns of Fort Moultrie, as Old Point Comfort does under iKnaii rvf Fitrii'naa MnnrAn and ilia T.olra Pnn. chartrain and Mississippi reports, near New Orleans. The Southern flowers, feminine and masculine, used to bloom vary richly here at the North during the dog days, and shed a great auriferous fragrance about them. We imagine' however, that they have had very little money to spend, either at home or abroad, this yean for Jeff. Davis and his forced loans have emptied all purses and made scanty summer toilets rather a necessity than a luxury. Nevertheless. the good hosts of the Southern hotels must have had some visiters; and it would be interesting to know how they treated these angel visitants, "few and far between," but still unexpected and ever welcome gifts of Providence. No doubt there must have beeu a very small proportion of l>caux present, for most of the young Southerners have gone to the wars. We wonder if the belles saved time enough from crinoline treason and feminine espionage toaenjoy the "Lancers" and the " Redowa." At what spring did the Misses Scott imbibe? Altogether, this has been a losing time for ihe watering place landlords all around. If they have spent it i:i fasting, penitence for past offences, and prayer for aid in future relorma- | lions, they have done weH, and the public will ! be all the more glad to meet them next year. If not, we shall have our usual sharp stick doubly pointed for them, and may the Providenee which has deserted them this year have mercy upon those who l'eul its thrust 1 OVUI./.K OCUSCIUPTIONS TO Tllfi .NATIONAL LiOA.N. ?Until the publication in yesterday's Hkuai.h of the article describing the mode of a general subscription to the nationul loan, there wareally very little known on the subject, particularly by those who wero ready and anxious to lnvest their savings of a few hundred dollars in a fund for the support of the government, yesterday, however, the effect of the information thus disseminated was manifested in the large increase of subscribers who presented themselves at the office of the Assistant Treasurer in Wall street; and it is but fair to presume that the number will go on increasing for the next week or two, until the whole amount is subscribed for by small capitalists, or until the as sociated banks, who hare really taken the loan, step in and object to parting with any largo amount of it. The subscribers or depositors yesterday numbered over one hundred and twenty, and the aggregate of their subscriptions amounted to over $170,000. This wan made up of sums ranging from $ol) to $15,000, the largest num her of subscribers being for sums below $5U0. In the words of Mr. Cisco, the able representative of the Treasury Department in this city, all classes ef the community were represented in his office, from the chambermaid to the line lady, and from the millionaire ho the humble porter. Some poor men brought all the noney they could accumulate, promising to come back when they procured more, and invest it in the same way. All expressed the most patriotic >entiments, at the same time recognising the (hot that no better investment of their money could be made. Many letters vrere received from different parte of the country enclosing drafts for the amount of the Treasury notes subscribed for. When the public beoome thoroughly familiar with the advantages of the system, and with the facilities of becoming participants therein, we doubt not but the number of subscribers will go up from hundreds to thousands per day, and that so much of the loan as the banks are willing to part with will be taken by the people. "The notes will probably bo ready for issue by the end of next week, but the interest commences with the date of the certificate of subecrlptlen. The banks of Hartford have made applies lion for three-quarters 01 a miuton or me man on tlie same terms as the associated banks obtained it at?that is, the payment of the specie in proportion as it is called for or drawn against by the government, thoy being entitled to the bite rest on the whole amount from the date of be loan, the 19th of August. We understand bat there is some object1 en m i le by the ae- o i'?l 1.unks to granting this application; the ill billty is, however, tout s?,me t arns wi' V AfbU UMU UUUU iv'iWl a* VI B 1 . dollars of the loan will be taken by the moneyed Institution* and people of Hartford. Lest there might be some diffloulty in under standing why it is that the United States twelve per cent Treasury warrants are selling for only a fraction over par, while these seven per cents are sold at par, it is proper to state here thai the former are sold minus the accrued interest. and that interest on them ceases in twelve months after their date. They have now bat couple of months to run. If there were any argument necessary to induce the people at large to subscribe freely and confidently to the national loan, Independent of all patriotic motives, it. would be found in the simple statement of fact that the average quotation of our government six per cent securities for the last eleven years baa been 116? equal to 120 for seven per cents. We hope, therefore, to see our hard working, industrious classes avail themselves largely of this opportunity to testify their confidence in the American republic, and to invest tbeir savings in tfca a* >et secure and remunerative way. An Enoush Vikw of Piuncr Napolmn'M Visit to this Cointrt at tuis Crisis.?The reader will be Interested in the curious leading article of tbe London Herald of August 14, which we transfer to these columns, touching the political designs of France in connection with tbe present visit of Priuce Napoleon tn the United States. Our British philosopher la question bus his suspicions that the Prince, in the character of an innocent traveller, is realty an emissary from Louis Napoleon, spying eat our weak points and taking soundings in regard to a French protectorate or principality over our revolted cotton States. Thus we are told that tbe reacquisition of the vast territories of our Louisiana purchase, "which was parted with unwillingly by France, for the paltry sail of three million pounds," "or a French proteo. torate over it, under the second empire, would in some degree restore the glory of the liret, and place the cotton trade in French hands." This is an unpleasant view of the subject to John Bull; but our Loudon contemporary inclines to the opinion that our rebellious cotton States, "hard pressed by a victorious Northern army in the winter," would war? ly embrace "anything rather than hanging or submission to President Lincoln." uut pornaps tne frince xsapoleon la inn** cent of any de?igns of the character indicated; but, then, perhaps, he may be guilty. Whs knows? The Nkw York IIkralu has put its London namesake into a very brown study oa the subject; but the latter strongly suspeot^ like a cautious old rat, that there may be a oat in the meal tub. What then? Why, then, Louia Napoleon is admonished that the European "balance of power would be equally disturbed were France in possession of the Confederate States or in possession of the Rhine," and that England can never consent to become dopendant en Prince Napoleon for the raw mar terial of our Southern cotton. To all this we submit the simple reply that if John Hull will play the part of an honest neighbor in the matter of this Southern rebellion of ours, cotton or no cotton, the.government of the United States will soon relieve the mills of Manchester, and quiet ail apprehensions of a Southern Napoleonic protectorate. On the other hand, if England, with or without the o ? operation of France, shall undertake a short cut to our Southern cotton, through a recognition of the spurious government of Jeff. Davis, our London contemporary will soon hava a question to discuss of far greater magnitude and practical importance than his fanciful notion of a French protectorate. It will be time enough for English journals to discuss the question of thin French protectorate when they shall have Kettle*! the immediate question whether cotton or abolition philanthropy bus the ascendancy in England. Ghantlkt F. Berkeley on LL. D. Ressner. ano Out Southern Rebellion.?We publish this morning from an English paper a very funny mock heroic letter of that famous hunter of buffaloes and wild Indiuns, the Hon. Grantley F. Berkeley, whose late book of his American travels and observations would have won far htm the highest applause of Baron Munchausen, in the very outset, incredible as it may appear, this veracious Berkeley, we have to say, de. votes this amusing mock heroic letter to the d?* fence of our Southern States against the London 2 imes and its special correspondent, the veracious Russell. Berkeley calls for "fair play" to the South; and in disclosing the weak points 01 ido i>orm ue piays cne ?ruun I -nob to perfection. With as "license and no$ liberty.' and "rugged ruffianism and rowdtw," and the revolver,1 and so forth, rule the roust Our "boost*, of fighting are empty a the wind,' our "first army has fled," and ^'our supplies will fail," and "universal suffrage'' and "vote by ballot"' have already ruined us. But enough for the present. Berkeley promises to look after Russell again, and te keep him straight. Berkeley has been stuffed and humbugged by Western wags and jokero and Russell has been served in the same way} in the South; but the best joke of all is, thai Berkeley should feel himself culled upon ta demand for "fair play" to the South against the misrepresentations of Russell and the London Times. What can Russell say to this! The Skckkt op English Sympathy por ths South.?The cotton supply, we have always maintained, has had too much importance attached to it in considering the motives of the undisguised sympathy manifested for the South by the English government and press. The London Times, in a recent article, removes any doubt that may have existed on that point. "Though it is impossible to avoid reflecting," it sayt, 1 ' that tho division of the Union into two great States may relieve us from many of the troubles with which we were menaced by the overbearing nolicv of the federal Kovernnient. we uuu safely assert that Englishmen desira nothing more than to see the quarrel terminated and the strife appeased." Exactly so. The old confederation as it stood bolore this rebellion, althongh the natural ally of England, ; was regarded by her as a formidable maritime rival, and as an obstacle to her schemes of ag* grandizement. She dreaded that her power and influence would be overshadowed by it in the future, and, looking only to the interests of her oligarchy, Bhe rejoiced in the convulsion which menaces the integrity of tlic Union. We do not question her sincerity when she says that "she would be glad to sea the quarrel terminated and the strife appeased." We doubt only the meaning that is to be at" u< heil to these professions. An adjustment of .he quarrel which would give to the Souvb all 11 : ?u All .Vjt it io*T

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