Newspaper of The New York Herald, January 24, 1862, Page 4

Newspaper of The New York Herald dated January 24, 1862 Page 4
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4 NEW YORK HERALD. JAM II GORDON BKNNKTT, EDITOR AND PBQPBWKM QfUCl H. W. OOKNEB OF FULTON AND NASSAU BTS. TEMUS cash in advance. Money sent by mail trill beat'ks rU V tht mi"1? A'mt M AanA Mit current m If em York "tllM DAILY HERALD two cent tpsr copse $7 peronnum. THE WhEA.LT HERALD, every Aaturuay, at Hx cents per nt,or $3per anmum, the European Mditioneaeru Wednesday, of mx ml* percopy. ti pre Jtmum to any pari of Qeeat Britain. rUltluany pari of (he Continent, both to includepoetape; the Ootytmia Edition on Ike let, 11<A andSlit 0/ rack month, ateit emts per coov. or %2 lb per wmm. the taMIlt HeuaLD, on Wednesday, at /bur cents per lOpy. or S2 per annum. VOL VIr TaMT CORRESPO.VDIKCE, containinq important asset, solicited from any quarter of the world; if used, will be Hberully fiotJ for. MM* Our Kokkiun ('orrkipordrmti! ARB PABTirOI.ABLT RcaUEBTBD TO SKAL AU DBTTKBB AMD PACAtoresbmt a* Mo HOTICh taft?n Of anonymous correspondence. We do no retvrv relected enmm unimt ions ADv ERTLSEMEA TB renewed faery day; adfkrtisements in. ? tetrled it, the Wk?:klt IIkbai.D. Kabilt lUkALP, und in the OnUfnmio on,! European Eilitions. JOB PRlWTlAd uacu.au unlh neatness. cheapness and domatch. Volume XXVII flfo. S3 amusements THIS evening. BLO'S GARDEN, Broadway.-Kistu Hanky IV. WINTER garden. Broadway.?Naiad Qceex-Sentinel Or tua Niuut. Wallace s theatre, no. 844 broaw*i?r?a ecu for the heartache. LAURA KEENE'S THEATRE, Broadway?( icr american cocsim. MEW BOWERY THEATRE. Bowery.?Scotto?Bawbooalikg?1'atlk t:*u_ BOWERY THEATRE, Bow ery ?Sticrsky's National Circus. BARNUM'S AMERICAN MUSEUM. Broadway ? D?y and Errnini:.?0?Dt.NA?UirroroiARUs, Wuala, and Other Cumositua. BRYANTS* MINSTRELS, Mechanlca* Ha'l, 4Ti Broad*?).?A ho Sircca Billy Caiyarton. IIOOLEY'S MINSTREI S, Stuyveaai.t Insiitule, No. 659 Broadway.?Ethiopian Sostta. Dam-re. ac. MELODEON CONCERT HALL. No. 339 Broadway.? Songs, Dances, Bualasuces. Ac.?Holiday in Ireland. CANTERBURY MUSIC HALL. 585 Broadway Sonus, Dances, BcelxsgUas, Ac.?Nigut a Adventure.* GAIETIES CONCERT ROOM. 616 Rroadwav?Drawino Boom Entertain rants. Bai leys. I'antjmimls, Farces, Ao. AMERICAN MUSIC HALL. 444 Broadway.?sonus, Bal CRYSTAL PALACE CONCERT HALL, No. 4S Bowery.? Bvsuteucics. So.\vis, Ua.nc^s. Ac.?bsioA.su s lura. PARISIAN CABINET OP WONDERS, 56S Broadway.? Open daily from 10 A. M. till 9 P. M. NOVELTY MUSIC HALL, 61G Broadway.?Bern, acquis Fokgs. 1>akces, Ac. New Yorlc, Friday, .Innnary II, 1869. THE SITUATION. / According to the rebel accounts received from Norfolk, by way of Fortress Monroe, yesterday, on attack on Ncwbern, N. C., was expected to be made by the Bumside expedition. The women and children were said to have been removed from Newbern, and arrived at Goldsborough. The impression at the latter place was that a simultaneous attack would be made by our troops at Newbern and Roanoke Island. The rebels arc greatly excited on the subject. Nothing of importance occurred in the Army of the Potomac yesterday. Governor Sprague, of Rhode Island, has offered three regiments of infantry and two batteries to the government to dc fend Washington when the grand army ahull make its advance. We publish to-day a condensed report of the State Engineer-in-Chief, General Arthur, relative to the defenoes of New York, recommending a large increase of our fortifications, both in this harbor and on the lakes; the manufacture of guns of large calibre; the construction of steam propelling iron clad gunboata for service on thtf lakes, and the employment of the militia in the management of heavy guns and the defence of our forts' We have repeatedly urged the adoption of these measures in these columns, and it is to be hoped that the Legislature will give them immediate attention. Details of the great battle at Mill Spring, Ken tacky, continue to reach as. The attack of the rebels in force, 10,000 strong, appears to have been made 41 a point on the road, eight miles from Somerset, on Sunday morning, upon the Tenth Indiana regiment, drawn up in line. Five other regiments were ordered np to support the Indiana regiment, and after a hard fight of nearly two hours, the Ninth Ohio, Second Minnesota and Fourth Kentacky regiments made a brilliant bayonet charge, driving the enemy from the wood?, completely routing them, and following them to their intrench' ments at Mill Spring, from which, as before reported, they escaped before daylight in great confusion across the river. It is carious that none of the Southern papers mention a word about this battle, though they must be fully aware of the facts connected with it. Our correspondence from l'ort Royal, Hilton Head and Tybee Island, which arrived by the Atlantic from the former place yesterday, will be found exceedingly interesting. The Maffiit'? channel entrance to Charleston ha? proved so favorable for the passage of the rebel vessels that Commodore Dupont has resolved to block it up effectually by sinking several vessels there filled with stone. Reports have reached Louisville that the rebels at Bowling (ireen are in the utmost distress for want of money, and that General Buckncr's children are actually going barefoot. General Buckner is said to have resigned hia commission. General Hardee has placed his rebel colleague, General minimal), nnaer arrest lor burning the house* at Care City, and other points along the railroad, a piece of vandalism wh'ch vh r.-Dotted in our columns several days ago. Our files from Bermuda, dated on the 14th of January, announce the arrival at that island of the British steamer Rlnaldo. having Mason and Hlidell on board, on the 9th instant, as already reported in the Hskald. After the Riualdo received the rebel commissioners at Provincetown, she stood for Halifax, in order to enable them to take passage for England on board the Cunard steamer then preparing to sail; but the war vessel encountered such exceedingly hitter weather?thick ice forming around her, on her deck and far up her rigging?that Captain Hewett was compelled, having many of his men frostbitten, to steer for Bermuda, when within fifty miles of Halifax. Mason and Rlidell left Bermuda on the 10th instant for St. Thomas, the English officers hoping to catch the West India mail steamer for Southampton, which was to sail from that place on the 14th instant, and thus restore their charge to the position from which they were taken. The rebel agents were evidently disappointed at the absence of eclot or fuss which attended the surrender. They complain of the "crasy" tugboat in which tliey were forwarded to the Rinaldo, of the manner in which the master of the boat addressed Queen Victoria's naval officers, ' and of the danger of drowning to which they were ; expoeed had the storm overtaken the tag. The j JS Bermuda papers seem to adopt this strain, and condemn the manner in which the restoration was conducted. The grumbling of the rebels was, or should have been, agreeably silenced at Bermuda; for we learn that Admiral Milne, R. N., having a large dinner party at his house at Clarence Hill> on the day of their arrival, Captain Hewett, the commander of the Rinaldo, was invited to add himself and the four Americans to the circle, which he did; Messrs. Mason and Slidell, with their secretaries, thus at once experiencing an agreeable transition from the table and fare of Fort Warren. The City of New York, off Cape Race yesterday, brings news from Europe which is four days later and of much importance. She left Queenstown on the 9th inst., and reports that the City of Washinr?tnn from New York, arrived there on the pre vious day (Sth), announcing the eettlemcnt of tho Trent difficulty, so far as the United States government is concerned, by the surrender of Mason and Slidell to England. The first effect of the news was very pleasing, more particularly in the financial and commercial circles. Consols advanced one and one-eighth in London during the 9th inst. from the closing quotations of the day before. The Liverpool cotton market was "highly excited," and prices went up from one-half penny to one penny per pound. We have little information as to the political and diplomatic efl'ect, the City of New York having left so soon after the arrival of the City of Washington. Some of the London journals complain of the "ungracious" manner in which the surrendering act was accomplished, while others among them laud the grace and good teeting 01 sir. Lincoln anu uia Cabinet. It is evident that England sustained the strain of a very intense suspense before she was assured o the issue of the case, and there is little doubt but her statesmen were relieved from much anxiety by the result. Whether they will remain content cannot yet be told; for we find that the London Heraitl?the organ of Lord Derby and the aristocrats?asserts that even if Mason and Siidcll were surrendered England and France have good "commercial reasons" to acknowledge the "well earned independence" of the Southern States, and that if the British Ministry should not do it "boldly," Parliament will. The London Post at the same time indignantly repudiated the idea of a compromise with our government on the question. A Cabinet council bad been summoned, in I-ondon, to be in readiness to receive the reply of the American government to the demand of Lord Lyons, previous to the arrival of the City of Washington with the news. The shipment of British soldiers and war material to North America continued, and the English fleet in those waters was to be atill further reinforced. Hie London 7Vwtea euumt rates the large naval force which Admiral Milne will aoon have under his command, and then speculates as to what "may be efleeted'' with it. The privateer Sumter had arrived off Cadiz, ?f* ter capturing and destroying by fire at sea the following American vessels:?Ship Vigilant' schooner Arcade and bark Ebcn Dodge. She took their officers and crews on board as prisoners, and asked permission to enter the harbor. The United States Consul protested against her reception; but the Spanish authorities decided thst if the Sumter delivered her prisoners to the custody of Spain she should be sheltered. This was done, and the rebel privateer went into the Spanish port without any salute. The United States gunboat Tusoarora was at Southampton, watching the Nashville, which was nearly fitted fur sea. CON GUESS In the Senate yesterday, petitions asking for the employment o homeopathic physicians in the army were presented; also, a joint resolution from the Michigan Legislature, in favor of exchanging prisoners of war, with special reference to Colonel Wilcox, captured at Bull run: also, a remonstrance against impairing the efficiency of the coast survey. The resolution censuring Marshal I.amon for his prison regulations was adopted. The bill making appropriation for the completion of the defences ol Washington was taken up. The amendments providing that no new works shall be commenced, and ( imposing the penalty of death on persons forcing safeguards, were agreed tG, and the bill parsed. The House amendment to the bill increasing the clerical force of the War and Navy departments was concurred in, and the biil parsed. The debate on the resolution regarding the cxpulsirfn of Senator Bright, of Indiana, was then resumed, and Mr. Davis, of Kentucky, concluded his remarks, in which he denounced both secessionists and abolitionists in severe terms. In the House of Representatives, the Naval Ap. propriation bill, a bill establishing a postal money order system, and a bill regulating the law relative to prizes, were .reported. A bill authorizing the President to appoint lighthouse inspectors during and for one year after the continuance of the re* bellion was passed. The Roads and Canals Coiu\ mittce reported a bill tor a military and mail rail road from Kentucky to Tennessee. In Committee of the Whole, Mr. Alley, of Massachusetts, de" livered an interesting speech on the tinancial measures before Congress; Mr. Harrison, of Ohio, opposed the idea of arming the slaves as a means o' suppressing inc reoeinon; *r. ?un norn, or .Mfw York, maintained that the time ha<l arrived for emancipating the slaves, and Mr. Washburno, of Illinois, denounced the New York Tribune'* *ndon?.m<Tit of a communication published in that p i v r In 'ing reference to the frandulcnt army coir r in Missouri. MISCELLANEOUS NEWS In lie- -o.jte Senate yesterday petitions were presented for fortifications along the frontier, and in favor ot the Metropolitan Health bill. The resolution for diminishing the expenses of the State printing was debated and adopted. The resolution in favor of the several States assuming their various quotas of all nationals MS .was jelso adopted. JTlie bill giving notaries public additional powers was discussed, amended and ordered to a third reading. Favorable reports were made from the committees upon the following bills:?To amend the act relative to the Brooklyn public schools; to authorise banks to hold government and State stocks, and to prevent shysters practicing In the courts of Kings county. A bill was introduced for the regulation of our city concert saloons and other places of public amusement. The Senate Cities and Villages Committee held their meeting yesterday afternoon to hear arguments for and against the concert saloons. There appeared before them, however, only one person, who spoke in opposition to these places of amusement. The Assembly, in Committee of the Whole, occupied a great portion of the day in a discussion of the Albany county , District Attorney^ report, sent in the previous 1 rEW YORK HERALD, FR day, relative to bribery and corruption in the last Legislature, and dually reported progress upon the subject. Afterwards the House adopted a resolution referring the matter to the Committee on Privileges and Elections. The Senate bill legalizing certain acts of our Common Council for the relief of volunteers' families was referred to the Committee on Cities. We publish in to-day's issue an interesting report of the arrival of the British war sloop Racer at this port, and full particulars of the reception which the rebel commissioners, Messrs. Mason and Slidell, met with when they landed at Camber dock, Bermuda, from on board the Rinaldo. Little or no sympathy was shown them, with this exception, that they were invited to dine, in company with Commander flewett, at the private table of Admiral Alex. Milne, a custom which that officer invariably carries out in respect to gentlemen who are on board with the commanders of British war vessels. The steamship City of New York, from Liver, pool the 8th and Queenstown the 9th instant, passed Cape Race yesterday morning, and delivered a news report four days later than that brought by the Arabia, which has been telegraphed from St. Johns, Newfoundland, and is published in the Herald to-da^. The Liverpool cotton market was highly excited An fltl. n* U nf 41. vu wuc */iu uiavaui, tu ui tur announcement of the peaceable adjustment of the Trent affair. An advance of from one half penny to one penny per pound took place. Breadstuff's were quiet and steady. Consols advanced in London. The quotations of the 8th instant were 92%, while on the 9th they rated at 93%?an advance of 1% in the day. The King of Prussia was ill. A violent earth, quake had visited Greece. The news from France is not important. Advices from Canton of the 30th of November state that Prince Ktin, the Chief of the Regency, had executed an imperial coup d'etat in Pekin by seizing on the members of the Cabinet of the young Emperor, sending them to prison and organizing a new ministry. Melbourne, Australia, reports of the 15th of November state that one hundred and forty-nine thousand ounces of gold had been shipped from the time of the sailing of the last monthly mail. The vacant Missouri seats in the United States Senate are just now creating considerable discussion and interest. The telegraph informed us a few days since that John B. Henderson had been appointed to till Trusten Polk's place, and the next despatch told us that Governor Hamilton It. Gamble had left Missouri for Washington, with the expectation that Lieutenant Governor Hall, in whose hands the power had been placed, would appoint, him (Gamble) to Polk's seat. Then we learn that Acting Governor Hall has appointed Robert Wilson, who is reported to be a secessionist, to the seat formerly occupied by Waldo P. Johnson, and that there is some doubt whether the Senate will allow the oatli to be administered to him. So the matter stands. Trusten Polk's term will expire with the present Congress, and that of Mr. Johnson will run until 1867. General Price ha? adopted a new dodge to recruit his army in Missouri. He sends what he calh 'commissary companies" around the country to seize peaceful Uniom citizens, and then offers them in exchange for the prisoners taken by Gen. rope. There is no doubt that John C. Breckinridge is at Bowling Green, Kentucky. The story about his having arrived at Halifax, eu route for England, as a rebel commissioner, is therefore exploded. a TV?i-r?<,nr. le.,..,. n....,i Ul/H. O. ..... ... .... ... J .a, of the State of New York, delivered uis lecture on ' The Union: Its Perils and Its Hopes," at the Baptist church corner of BloomSeld and Third streets, floboken, last evening. A small but select audience was present, who were much interested by the novel and amusing views of the lecturer on the subject of the rebellion and the ultimate fate of its leaders. The Board of Aldermen were not in session laat evening, but they will meet on Monday. The Board of Couneilmcn were in session last evening. President Pinckney in the chair. A resolution prnpofcng to appropriate fifteen thousand dollars lo reuuiform the Fifth regiment New York State Militia was referred to the Committee on National Affairs. Mr. Orton presented a resolution lequesting the Clerk of the Common Council to inform the Board what number of copies of the ' Manual" had been manufactured and distributed for the last three years. In moving Its adoption, he stated that twenty thousand dollars was ex* pended annually for this " Manual," and his object was to obtain information relative to this matter, in ordet that this large expenditure of the public money might be stopped. The ies?lution was laid nn tli?. tal.ln ni'ilin irirn nr.tnr^pd hv tIt? Ct\r. v.. .?v >?w.v. ? r- rw vi* % " poration Counsel in relation to the grades of streets and avenues in this city was referred to the Committee on Ordinances. A report of the special committee of which Mr. Oiton was chairman, proposing a new set of rules for the government of the Board, together with a substitute offered by Mr. Barney, were discussed at length. Mr. Orton remarked that it was the desire of the committee to throw around the Common Conner' the same safeguards as are placed upon the Legislature. The only rule which caused much 'debate was that proposed iu the substitute that thirteen instead of sixteen members shall he suflicient to permit action upon papers received Iroin the Aldermen the same evening. Mr. Stevenson alleged that the democrats had the whole matter cut and dried, und that their action would show that the board was divided on party grounds. The substitute for the report was adopted. The report of the special committee on the Mayor'sMessage was received and ordered to be printed. The President announced the standing committees for the year. Skating was indulged in yesterday on the Central Park by about eighteen thousand persons. The ice was illuminated at night by calcium lights, Ac. At Lincoln Park the skating was also good, and the ponds in Brooklyn and Williamsburg weie also well patronir.ed. The trial of Dr. Charles Cobel, on an indictment for manslaughter in the second degree, was commenced yesterday in the Court of (General Sessions, before Judge McCnnn. He is charged by Mary Ann Baker with unnecessarily causing the death of her child while flic * ?* being delivered. The case will be resumed this morning. Patrick Cummins, indicted for a lelonioua assault upon John W. Palmer on the 2Cth of December, pleaded guilty to an assault with a dangerous weapon, with in" tent to do bodily harm, and was remanded lor sentence. The weekly statement. of the Commissioner* of Public Charities and Correction was presented yesterday, and shown that the number of persons admitted into the different institutions during the weekending January 18 was 1,611, making a to. ta! of 7,838 remaining there on that date?an increase of thirty nine on the preceding week. Thore was no change to notice yesterday in th? cotton market The sates were confined to about la.", a lao bales, on the basis of 32.. n 33c. lor middling uplands The news from Liverpool was considered fsvoraiilo, ?nd its receipt caused holders to be less willing wllers, Kreodstufl's generally, owing to rhc*|>er freights and the advene In foreign *. hange. were U. mer A few orders under these circumstance* were executed, leading to an increase of antes. Hour, undsr the news, closed it. higher for common and medium grades Wheat was 1 tlrm. with rntbar more doinv forn closed at a slight

improt anient in price*, while ealr* wore on Mime larger ' a. ale. Pork was ateady, with a moderate demand wub Mies at 111 76 a 112 for old mees and at |12 87>j a |12 50 for new do., and f!> 26 a fn 60 for bow prime, and ciijr iwimo mees at |13 37 X a $18 50 Sugars wet-a steady, with tales of about 600 hbda. Cuba and 1,160 botes Havana, at pricee given la another column Coflee was quiet and firm. Freighta were uneettied aud rather easier, while a fair amount of engagentente waa made. j IDAr, JANUARY- 24, 1B65 The Kffert of the Trent Settlement In Knglnnd?The Greatest Satisfaction. We bare the newt* at last from across the ] water that the steamship City of Wash- ( ingtoa which took out the adjustment of . the Trent affair, had arrired in England, , and that the intelligence, as we had ( anticipated, was received with the greatest , satisfaction. So very satisfactory was the lm- | pression upon the money market that con- , sols had immediately advanced one and , one-eighth per cent?a very remarkable ad- j vance, indeed, in those comparatively fixed \ securities, especially when it is considered that, j in expectation of this adjustment, they had al- , ready regained the quotations at which they j stood just before the news of the seizure of , Mason and Slidell. ( We have thus the most conclusive evidence r before us of the extreme satisfaction resulting in England from the pacific settlement of this Trent difficulty. We can at length, also, pretty clearly understand the depth and character of this late English war excitement which so suddenly operated to Fright tho ul> from Its propriety. The British ministry, and the leading ministerial and tory journals of the realm, had been so completely led astray by Munchausen Russell's information on American affairs; by our Southern secession emissaries ; by Southern cotton, and, above all, by that paramount desire of England's feudal aristocracy to see this great country of ours and its republican institutions broken up, that they had regarded war with tho [ United States as inevitable. From duy to day, since the outbreak of this rebellion, the London Times and its secession colaborers had distorted et'ery fact, and had resorted to every falsification of history, calculated to degrade our government and our loyal States and people, and to exalt Jeff. Davis and his rebellious confederates in the public estimation. Behind these defamers of our government and of its loyal people, its loyal army and its righteous cause of the Union, stood the British Cabinet, from the day of its indecently hasty concession of "belligerent rights" to an insurrectionary combination. Ilence, between the British ministry and tho British press, the British people were finally led to believe that we were resolved upon yielding to a domestic rebellion under the convenient difficulty of a foreign war. Moreover, that the American mob, which ruled our government, bad, in its ferocious exultations | j over the seizure of Mason and Slidell, betrayed g its relentless hostility to England, and the i Lincoln administration would be compelled to I submit to this fierce and senseless mob oy be ? driven from power. s Such were the impressions brought about in t England upon this Trent affair by thounscnipir L lous enemies there of this country and its insti- t tutious. Captain Wilkes had acted under ia- "] at ructions, the British fiag had been deliberate- t ly insulted, and for the purpose of war. Secre- r tary Seward wanted it as an excuse for the t recognition of the spurious government of Jeff, c Davis, and our dominant American inob wanted t it, in its blind and reckless hatred of &ng- \ land. But with the official corres- 1 pondence before them settling this Trent affair, the honest people of England will i begin to comprehend the extent of the misre- f presentations of American affairs with which g they have been daily fed for the last Bix e months. The plum statement of facts, and the i calm and conclusive argument of Mr. Seward' a in his letter to Lord Lyons, we may reasonably t expect, will give us all the advantages of a ( great reaction of public opinion, from London t to Paris, Berlin and Vienna. g Mr. Seward's masterly letter, and the satisfaction with which it was instantly accepted by I our loyal people, will vindicate them and their i government with every honest British reader, 1 and. if we are not mistaken, will secure from 1 the British government henceforward a better i understanding with us than that which has I heretofore prevailed, and because of the pros- I sure of the public opinion of England and of i Europe. t <)?n War Taxks.?The various schemes o^ ^ taxation befoie the Committee of Ways and Means have as yet resulted in no well digested plan. The commit tee hesitate and lose time, no doubt from the want of proper information as j to the sources from whence revenue may be de- ( rived. This arises in part from the fact that j the science of taxation is in a measure new to { us. but in a still greater degree from the indo" ( lenee of its members, who might supply to some f extent, by reading, the experience tbey want. ^ A comparison of our resources with those of f other countries, as well as an examination of j their systems of taxation, would soon put them upon the right track. With a view to lighten ( their labors, and hasten them to a conclusion, we publish in auother column a detailed state- j raent of all the different sources from whence t revenue is raised by taxation in Great Britain. ( These resolve themselves under the following heads:?Excise, stamps, land and assessed taxes, property tax and post office. The total j amount yielded by these for the year ending De- ^ cember 31, 18<>0, was ?4M02,074 2s. Id., or about $234,000,000. j Now If Knglsnd, in a time of peace, is able to ^ raise by taxation such a large annual amount . ns this, what is to prevent us, in war times, raising by the same means $2o0.000,000 ? It * is not as if we were imposing a permanent burden upon the country of that amount. Once the war is ended, with the abundant resources that we possess, and the rapid increase of our ^ foreign trade, we shall soon be in a condition to wipe out the debts that it will have entailed upon us. All that is wanted now is speedy action on the part of Congress. Let the com- ^ mittee entrusted with the reconstruction of the national finances take care that the brilliant se- " t ies of operation! on which our armies are en- , tering shall not be delayed or hampered by its hesitation. Tub StMTKR at Cadiz.?By the City of New a York we have received authentic intelligence n of the arrival of the privateer Sumter at, Cadiz, n M.U.vm ako Iniiiliul fiii'lu Itvn fisSaAnnra lalinn I! Wil'"iC I??M' u rui IJ I T?v pi IWIIV t c* tnn'ii ? from three federal merchant vessels which she p had destroyed at sen, the particulars of which I we give In another column. This vessel, like t the Nashville, not content with capturing ve$- 1 eels and taking them into port, makes a prac- h tice of wantonly destroying them, and ought to h tie regarded by all the Powers m the enemy of I commerce and civilization. It is necessary that u a stop should be put to the career of such pi" p ralical cruisers; and. although we have one gun- S boat already on the watch in the neighborhood of the Kngllah Channel, the government ought to send without delay five or six more to cruise > in the Mediterranean and elsewhere, and pre- t vent these depredations on out shipping. J t I The Wejri and Means for the War. Yesterday, as our readers are aware, we pub lished a synopsis of the bill reported to Congress by the Committee of Ways and Means, providing for on issue of Treasury demand notes to the amount of one hundred millions of lollars, in addition to the fifty millions previously issued, making in all one hundred and ifty millions of a legal tender currency, of various denominations not less than fire dollars, ind convertible at the pleasure of the holder, n sums of not less than fifty dollars, into bonds jeuring six per coat interest and redeemable in rwenty years, the issue of which bonds is lutborized by the bill to the amount of five lundred millions of dollars. The demand lotes are not to bear interest, and are payable >nly at the Treasury in Washington or SubTreasury in New York. This is in substance ;he measure which we long since recommended, ind we are glad to see that it is now at lust 'airly before Congress and the country. Ac rorumg 10 id? outline oi tne bill wbich we lave received, it contains some provisions which ippear to be objectionable; but we prefer waitng for a complete copy before criticising those >oints Instead of authorizing the Secretary of the Preasury to issue only a hundred millions of lemaud notes, we think it would be wiser to mthorize him to issue double that amount, not, >f course, all at once, but by degrees, and as he necessities of the government may require, if the whole should not be needed they would lot be issued, and no harm could be done by the luthorization. Better to provide too much than oo little. Besides, it is most desirable that Congress should make such ample provision as vill enable it to adjourn as soon as possible, md have no necessity for meeting again till the egular period in December, thus leaving the foveriiment free and unshackled to act upon its >wn responsibility in conducting the war, and it the same time removing from public view he angry debates and contentions about the legro, which not only have nothing to do with he war for the Union, but embarrass the gorernment and the generals of the army, unne:e?sarily exasperate the Southern rebels, and. vhat is still worse, alienate from the national lause the support of many thousands of friends mattered over the rebellious States. What s the proper business of Congress at this nornenl? It is to make a law of the bill now >resentod, to vote men and supplies for the irmy and navy, to impose a tariff, to adopt an ntetnnl tax bill, and to pass a bank law and a >ankrupt law for the rolief of those merchants ind traders who may be broken down by any udden contraction in the loaning operations of he banks, whose circulation will be swamped >y the new national currency, which will have he effect of reducing them to banks of deposit. L'bese are the bills which the country needs, md in such an emergency as the present all ninor legislation ought to be postponed till the var is concluded, and all speeches for bunombo and all debates upon other topics than hose vital and necessary measures ought to be roted down by the good sense of the ualiunul egisluture. Above all, (he tax bill ought to be reported ramedintely, being (he foundation of the whole Inancial fabric. Without this basis the super itructure would be like a caatle built in the lir. Before Congress can vote understandngly on any of the parts, or the country can ippreciate its merits, the whole scheme ought o be brought forward. Then the adaptation >f each bill to the other, and the harmony and itrength of the entire edifice, from the corner tone to the capital, may be determined. It is idle to compare the paper money issued >y the Continental Congress of the American {evolution, or the assignats issued in the 'rench Revolution by the Constituent Assem?ly, with the new paper currency about to be saucd by the United States. Neither the {evolutionary colonies nor Revolutionary 'ranee could bear taxation to the amount leeded. The case is different with the Amcrian republic, whose vast and rich domain* vhose immense wealth and untouched raried resources, enable it to tax itself is no other nation in the world can low do or could ever do in former ages. Adequate taxation, and making the new notes a egal tender, will prevent them going much iclow par for the short time which the war is ikoly to last; and when the struggle is over hose securities will rise as high above par as >thcr federal securities have done before our lational troubles began. They will be greedily ought for as the safest of investments by the noneyed classes of every nation of Enrope. ?or what government on earth can offer such rood security for the fultilment of its obligaions as the government of the United .States of Vtnerica? Let there be no hesitation, therefore, ibout passing the financial bills immediately; ind when that business is done let Congress lisperse and go home, and leave the suppression >f the rebellion to the President, the Secretary )f War and General McClellan. They will mow how to take care of it; and probably, vhen Congress meets again in December, it will eceive from the Commander-in-Chief the gratiyingand glorious announcement that the Union ind peace arc restored, the republic, one and ndivisible, is saved, democratic representative government has passed through the tiery ordeal mscathed. and liberty has taken a new lease >f power, renewable forever. The Distresses of the Tribcxk.?The TrL nine, announces, yesterday, that in consequence if the hardness of the times it has not made a ingle cent during the past year, and it presumes hat nil other newspapers have had the same litter experience. Alas for Greeley! He has dl along denied our charges that the Tribune vas a losing concern; but now stern necessity drees him to admit the hard truth. He says:? 'We were poorer at the year's end (1861) than f we had slept, through the year and not issued i single copy." Such is the doleful tale of an ibolition editor. This explains bis half price dverti-ement in the IIkrami. This accounts or his dollar jewelry and gold pen gift cnteririse lottery. Poor Greeley! When will he earn tDat aoonuoniBin uoea iuji p?y, emier in Ilia world or tho n<>xt.an<l that true patriotism, ike honesty, Is the best policy. Since Greeley i poorer than ever, there can be no chance of lie paying tip that $76,000 Irish relief fund; , iut he still has his nigger brigade to fall back ipon. We, who have not had his sad trials in ecnniary matters, will give $1,000 to send him ioiith. if he will only go. Diamond Cot DtAWom?The Albany ArgunMinn promises to show the Legislature how to reat and cure tho briberies and corruptions of ho lobbv, A Cwrnot In the War Department. The General Order of the War Department, tinder date January 22, and signed by the new Seoretary, inaugurates a new era in the history of the present war. It has a true ring which will cause every loyal heart to vibrate, and will send a thrill of enthusiasm through the souls of the gallant officers and soldiers whose merits and bravery it is intended to commemorate. It announces to the world the determination of the administration that courage and patriotism shall, hereafter, be crowned with honor, and that weakness and inaptitude shall be rebuked and punished. So was Napoleon wont to encourage his legions, and in such language did that great master of military science, attract the eyes of the universe to the exploits of his legions, and make each victory pave the way for future successes. The hearts of the brave men whom Generals Thomas and Schoepff led into action, will glow with emotion as they bear read to them the words which Mr. Stanton, in the name of the President and of the country, has so wisely penned, and those who were heroes before, will aspire become domigods of vulor now. Hitherto there have been, from some inexplicable reason, no grand bulletins, no adequate appreciation of the trials and exertions that have been made by the soldiers who compose the federal army. No sharp and prompt demonstrations of displeasure or satisfaction, have indicated the line that is drawn between fulfilment of duty and sluggishness in its performance. Generals that have won victories, have been treated in much the same manner as those who have lost battles, or led their forces into positions insuring disaster and defeat. General Order No. 5, from the headquarters of the army at Washington, remedies this evil. It demonstrates that a genial, generous spirit will hereafter pervade the coun3el3 of the government, d that a glorious example of t>> lacrity, daring, courage, and patriotii zca'," which Mr. Stanton says are to ' uu expected on all occasions, and under every circumstance, from the army of the United States," will shine forth from those who direct Its movements, and, through it, are endeavoring to restore the integrity of the Union, and peace to the country. The new rules that have been adopted in the War Department; the regulations that have been made respecting the appointment and promotions of army officers ; the firm determination of Mr. Cameron's successor in office that, while nothing is left undone to " destroy a rebellious enemy, and deliver the country from danger," rigorous economy shall prevail, and not a dollar be uselessly or profligately expended ; the cordial understanding, and implicit confidence that exist between the President, Mr. Stanton, and our brave Commanderin-Chief ; and the check that has been given to the abolition element that, until within a few days, had been becoming so rampant and dan. gerous, are all signs of a most cheering future, which break like bright rays of sunlight through the dark and menacing clouds that have so long obscured the political horizon of the United states. oarnot won unuying renown as we iue and mainspring of the great military operations in France, at the close of the last century ; bat if Mr. Stanton's career justifies the hopeB that may be entertained from the electric words of hanks he has just poured forth to the rictors at Mill Spring, his fame will far surpass that of his great predecessor. Tick Gallant GkmcralSchokpff.?The assertion had appeared in several papers that the brave officer who has achieved for himself Buch renown at Mill Spring, was formerly a perter in one of our hotels. Whenever such a thing is said of an individual who has distinguished himself, it naturally goes the rounds, and is repeated everywhere, for a while, both orally and by the press. In this instance, however, it appears that the statement was erroneous. General Schoepff, while in Europe, was already known as a mail of no ordinary scientific attainments! and, shortly after his arrival in the United States was appointed to a position in the Patent Office, where he attracted the favorable attention of fii'iiiH-nl Srntf. n.irtlv tlirnuirh wlintte influence be was raised to the rank of Brigadier General of volunteers at the beginning of the war. He has fully realized the anticipations of his veteran patron, and become an accomplished officer. In correcting the mistake abont General SchoepfT* however, our abolition contemporaries, bo indulgent to slaves, profess much indignation that it has ever been supposed for an instant that he could, by any possibility, have held a subordinate or menial position. They affect to find sofiiething degrading in the state of life from which the General, according to the first story, wus said to have laudably risen. What nonsense. inconsistency and sboddy-aristocraeyiaml If it were true that General Schoepff had once been a porter, so far from its being a disgrace, it would be the greatest credit to him. Some of Napoleon's ablest marshals rose from the lowest obscurity; Louis Thilippe was once a _ _1 1 -a t _ lb. TT_ 2a_.1 Ci.i.. J XT 1 Bcuouiuiumer in tut? u iiuvu oiuiun, auu napuieun III. * special constable in London. Garibaldi Has a tallow chandler on Statcn Island; considered it proper to trudge up Broadway with a pair of chickens in his hand, and if the circumstance wore mentioned to him now, would be far from insulted by the recollection. All honor to the gallant Schoepff; but in this petty abolition howl over a mistake respecting hie antecedents, we are sure he will find a covert sneer and symptom of enmity that will not by any means gratify him. Mr. Thadmct Stkvbns Op tub Track.?Mr Thaddeus Stevens lias been making another speech in Congress in favor of the infallible abolition panacea for this Southern rebellion? to wit, the emancipation and arming of tbo slave population of the South. Now, we respectfully submit that, as Chairman of the Committee of Ways and Means, all the talents, learning, labor and time of Mr. Stevens are demanded at this crisis to provide the ways and means necessary to prevent the Treasury and the country from running into bankruptcy, and that he Is off the track in neglecting tue important money question to dance to the silly music of our abolition disorganize on the negro question. Let Mr. Stevens stick to the financial duties of his committee; for the liberation of Uncle Sam is a more pressing question than the emancipation of Uncle Tom. A little less of the nigger, and a little more money for the Treasury, if you please, Mr. Stevens. HosnT.rrr of the Army to Abouttoittsm We rejoice to perceive that a band of itinerant ballad singers, who had obtained permission from General Cameron to visit the camps for the amusement of our soldiers, but who abused he privilego by singing abolition songs, have*

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