The New York Herald Newspaper, December 29, 1860, Page 6

6 NEW YORK HERALD. JAMES GORDON BENNETT, EDITOR AND PROPRIETOR. OFFION N. W. CORNER OF FULTON AND NASSAU BTS. 1 will be at the sili the Tne ‘None bat Bank Sis Sw'vent tn Now York THE DAILY HERALD, theo cons per copy, $1 per annum. THE WEEKLY HERALD, every Eiourday, a ate ‘conte per ‘aanum; the Furvpein Edition ove vs or $3 per as the Fan aN na hath Gakjornia Bilton a on untinent, bath @ @ postage, the ine thy nd Blak of each monty a wiz ‘spyor annum, MUS FUME WEALD, on Wednesday, at four, cents per OR Men CORRESPONDENCE, containing important Lied wom any quarter of the seortd: af used, will be Tiborailty ea- Ovn Fonsian Coarusronpents ane wid for Fasriovesstt Requastap to Seat att Larrees axp Pace- | Aa NOTICE taken of anonymous correspondence. We do not (OM VERTISEMENTS renewed every day; advertisements in- otal in the Wanxty Hamaty, Fawity Amnatn, and én the Gaigormia, Editions, OB PRINTING executed with neatness, cheapness and de Volame XXV. . No. 363 AMUSEMENTS THIS BVENING. NIBLO'S GARDEN, Dreoheny.—-igwacnass, and Pas pe Fuenex Sane Fro—! Parrrxs Misses b ‘Vis Humaine—A Reguuar Fi—La Coupe SeNsiDLE, WINTE! Bur Van GARDEN, Broadway, opposite Bond street. INKLe—Rosant Ma‘ BOWERY THEATRE, Bowery.—S3raupiva & Roorn's Equesreisn Taours—Monstee or St, Miowazi. Afternoon nd Evening. WALLACK'S THEATRE, Broadway.—Fase Men or rus ‘Ovpen Trax. LAURA KEENE'S THEATRE, No. #4 Broatway.— Gavan Susreus. Afternoon and Even/og. BOWERY THEATRE, Bowery —Afternoon—M - aurra. Eveuing—Potnam—Hanpsome Jace—O1uss un ‘Tromrs. BARNUM’S AMERICAN MUSEUM, Broadway.—Day and | Evening—Tux Sea or low—Azreo Cuinprxs—Living Cunt: | osirims, eC. ri BRYANTS’ MINSTRELS, Mechanics’ Hall, #72 Broad- way.—Buniesauns, Sonos, Dasors, &0.—Jack Cann. ‘The firmnoes of hollere tended to check transve- tions. Wheat wis in fair demand and firmer, while sales were fair, and the market closed without important change in prices. Corn was firmer and tolo- rably active, at 690. « 70c. for Western mixed, in store, Toe. do. afloat, and 72e, for round yellow. Pork was firm, with sales of new meas at $16 125¢ « $16 25, and new prime at $12 26 4 $12 50. Sugars were steady, with sales of 660 a 700 buds, Cuba, and 93 boxes and 2,000 bags China, on terms stated in ancther place. Rio was quiet. A rumor prevailed that 5,000 bays Java were sold within the range of 15c. a 16e. Freights were firmer for grain, with more offering, while other articlos were without change of m mont. The W Commenced—Seizure of the Forts, Custom House a: Post Office by the Militia of Charleston. | South Carolina has taken the first step in a war which every prudent man strove to avert, | and which every patriot must regret to see | thus precipitated. The State militia of Charles- ton took possession yesterday of Fort Moultrie and Castle Pinckney, the only undefended for- | metto flag upon the Arsenal, the United States | Custom House and Post Office. Thus South Carolina has placed herself in open and armed hostility to the government of the United States. Assuming the position of a foreign nation, she has brought her troops face to face with those of the United States, | seized the property of the federal government, | which belongs to the whole people of this country, and by so doing has practically, as wellas by the ordinance of her Convention and the proclamation of her Governor, cut her- self off from the States of the confederacy. This is war. The ice is broken. Revolution is no longer a threat, but a reality, and the time for action has come. If we have any government at all the admin- istration ‘must act now—act promptly and HOOLERY 4 CAMPRBELL'S MINSTRELS, Nibio's Saloon, | Prestey.—eexwraus Sovos, Damons, Buwtesques, &0.— | Harry New Year. | CANTERBURY MUSIC HALL, 663 Brosdway.—Soxos, | Damons, BuaLesaves, &c. MELODEON, No. 539 Broatway.—Sonas, Danoxs, Bon- Lasquas, do. | TRIPLE SHEET. Sew York, Saturday, December 49, 1860. The News. ‘The excitement occasioned by the intelligence | of the abandonment of Fort Moultrie was aug- | mented yesterday by the receipt of news that the | troops of South Carolina had taken possession of \ Fort Moultrie and Castle Pinckney, and the Cus- tom House, Post Office and Arsenal at Charles- ton. There were about a dozon men in the forts, ‘and they made no opposition to the troops. As soon as the intelligence of these movements was communicated to the President, he called the Cabinet together, but it is believed that they could not agree upon any decisive method of meeting the emergency. The South Carolina Commissioners visited the . President yesterday, and had a long interview with him. It was strictly private, however, bat it is known that the Executive gave no povitive answer to the propositions submitted to him by the Commissioners. ‘The Special Committees of Congress on the Cri- sis will accomplish nothing. The Senate Comnittee vigorously. If it does not, then our government is a sham. Congress, too, must act at once. idle dalliance in which the past few wee the session have been frittered away will no longer. The danger which wise counsels and energetic action might have averted is | come upon us, and nothing but the most deci- | sive measures will prove potent to stay it, It is not South Carolina merely which is to be dealt with. The power at the disposal of the general government might alone settle the question with her. But it is the whole South, which may follow her example, that has to be met and treated with. If it were a ques- tion of mere physical force with the single State of South Carolina, the diffi culty could be successfully combatted; but there is a grave moral issue involved —that of slavery—which underlies all this calamity, and will have to be settled, and public opinion upon that question—now disturbed and ex- cited as it is to a revolutionary point—must be reduced to equanimity and 4 right understand- ing, or nothing can stay the tide of anarchy which is rushing upon us. This is the work of Congress, and the North must lend its aid honestly and vigorously to the task. But above all the President elect must speak and act now. He cannot plead in- difference to the events which are transpiring; met yesterday, and, after voting down all the pro- positions before it, agreed to report to the Se- nate on Monday that they could agree upon no basis of adjustment for existing difficulties. ‘The House Committee were also in session, but accomplished nothing. Representatives of four- teen border States held a caucus, at which several propositions having in view a settlement of the pending difficulties were presented and referred to a committee. Reports of the proceedings of the above mentioned meetings may be found in another column. The bids for $5,000,000 of Treasury notes were opened at the Treasury Department yesterday, but the whole amount offered was less than $2,500,000, at an average interest of twelve per cent, and even this sum would not have been of- fered but for the exertions of New York capi- talists. The amount bid will about meet the Janu- ary interest on the public debt. In accordance with the recommendation of the | President, Gov. Morgan has issued a proclamation for the observance of the 4th of January next asa day of fasting and prayer. The proclamation is given in another column. The steamship Kangaroo, from Liverpool 19th inst., passed Cape Race on Thursday evening, and a large screw steamer, supposed to be the Aus- tralasian, passed the same point at eleven o'clock Yesterday forenoon; but owing to the prevalence of a strong easter!y gale and heavy sea the news yacht was unable to rd them. The A ustrala- sian left Liverpool on the 22d, and she will there- fore bring six doy~ later news from Europe. By the arrival of the pony express at Fort | Kearny on Thursday evening, we have alvices | from San Francisco to the afternoon of tie 15th | inst., later accounts from the Sandwich Isiands, | and reports from the Ochotsk whaling fleet. At San Francisco business was completely at a stand- #till, the bad weather havingiaterrupted the trana- | portation of goods to the interior. The general news from California is unimportant. The dates from Honolulu are to the Ist of November. Trade | was very dull. It is stated that the recent changes even apart from his position as the constitu- tional Chief Magistrate elect—as a citizen ant a statesman—he has a deep interest in the existing condition of affairs. The country is on the verge of war. Whether it is to be a civil war—the most unnatural and deplora- ble that can befall a nation—or a merely local struggle to enforce obedience to cousti- tuted authority and preserve the property of the government, depends mainly upon Abraham Lincoln. Will he take the responsibility of plunging the country into a bloody internecine strife, or will he, by the enunciation of a con- | stitutional and just policy for his administra- tion, arrest the flood of disaffection in those Southern States not yet involved by the com- mission of overt acts, and thus avert the im- pending catastrophe * It is for him to answer. | ‘The course of Mr. Buchanan, we suppose, Is | clear enough, as far as South Carolina is con- | cerned. | If the ordinance of secession issued by the | representatives of the people of that State be not deemed of any force in legally constituting | her an independent State, released from all alle- giance to the federal government, the seizure of | the forts at Charleston, of the Custom House | and the Post Office, is an act of insurrection. Lf it be so considered, and that South Carolina is indeed a foreign State, then it is an act of war; and in either case they should be wrested from her by the powers of the federal government But the root of the evil lies not in South Caro- lina; she is but the outer shell of the biter fruit; the real danger lurks tn the probable ac- tion of the other Southern States who «ympa- thizve with her, and may make common cise with her it coercion is adopted. This danger, | we say, can only be warded off by the spovdy action of Congress, by the insiantaueous inter- in the commercial policy of the Sandwich Islands | were driving the whaling business to San Francis- co. The personnel of the American cousulate had been entirely changed by the removal of the Con- ful and his subordinates, pursuant to orders from Washington, and the appointment of their suc- ceasors. j An arrival at Baltimore reports that the Domini- can government has taken forcible possession of the guano island in the Caribbean Sea, which i+ legally in possession of American citizens. | The Board of Supervisors met yesterday. The last report of the engineers of the Harlem river | survey, with an estimate of expense placed at | $199,867, was presented and laid on the table. Af ter the transaction of some uuimportant business the Board adjourned till Monday, when their last session will be held. In the Circuit Court yesterday, Judge Smaller granted injunctions «zainet Jcrsme B. Simpson, Vice President of tae Overland Express Company; Thompson Brothers, and Clark, Dodge & Co., bro- kers; Goddard Bailey, chief clerk of the Interior Department; Russell, Majors & Waddell, aod Richard Schell, restraining them from parting with { coln by force; and if he does rt course Mr. Lincoln ought to pursue eventful crisis. And there is not a moment to be lost. It may crise at aay time row Lua) the border States of Maryland and Virgis's will determine to prevent the inaugvra!’on of Lin- ct at once, he sy find, when the inangurstion de, arrives, everything wrapped in coni.:ion ao! auarchy, and have no country to go. orn. And now to what couse shall we trace the whole of this trouble which has befy'ien the cour ‘ry, a: | which leavcs it to dar on ‘he verge of civil wat? To the agitation of t)) anti slavery societics; to Wendel Phillips | srrisoa and those men who have embodied (ur tenati- cal ideas and abstractions in politic) \octen; te the preachers and orators of the rep: olican party, like Beecher, and Greeley, and the rest of them. It is these men who are responsible for the desperate porition in which the country is | placed at the present bour, and the still me | terrible condition to which it mey be reduced any of the stolen Indian Trust Fund bode which | in the dark and periloas future. they may have in their possession. ‘he complaiat alleges that Bailoy cotabined with Fussell, Mefors & Waddell to rob the United States, and g ves a re- cipt of this firm to Bailey for vondsto the .moant of 870,000, in which it is tha: they have piaced in the hands of Bailey accoptamcos of the Seoretary of War toa likeam.. ' as collateral se- ‘arity for the bonds? ‘We regret to state that the Hon. Joseph 8. Ros- worth, Chief Justice of the Superior Court, has been seriously indisposed for several days past, at his residence, Weet Twenty-second strect. The Cottor market was firm yoeterday, but, owing to reduced stce!. nd the amount on sale being light. trans actions were Ie" active. The sales embraced about 1,500 bales, closing firm on the basis of 11 yo. for middling up. lands, ‘The telegraphic advices from Southern ports mpeak of & Corresponding advance there. The amount on fale in this market is estimated aa low an 7,000 Brice, apd the stork af about 390% tales, the greater portion Orrice Huwrens at Sprixort.iv.—The Mecca of the office hunter» is now Springdeld, Dlinois, @ little village situated in the middle of » prairie, a few miles distant from tho railro.d, containing two or three taverns, a few lawy? 8” offices, and the house of Abraham Linovin. Every day we perceive that crowds of olllce seekers may be seon toddling up to the diffevat botels, all anxious to see the President clect, ali big with a proposition or 4 mele by which to suvé tig country, which meant tu give them aa office. The latest arrival there, We 460, is Daniel Ullman, who is now in warm brotherhood with the republicans, but who, two or three years ago, was denounced all over the North asa Hindoo of the very darkest type. Mr. Tilman of which i held ont of ma.ket. Flour wae Airfix, and| # ® very handsome man, whether he be « ramon 10 medinm graden wor be. por bbi highor Hindoo ors specimen of the pare Caucasian * party journals gr political leaders, In cvifee @ | tifications in the harbor, and hoisted the Pal- , vention of the conservative North, wand by the | rece, and if Mr. Lincoln should see fit to send him as Minister to Hindostan, or some of the other dusky nations of the Orient, we have nO objection to offer. Perhaps his presence there might have a very beneficial effect both at home and abroad. Hindostan would be just the place for him. He can revive his dark lantern, relight it, and float it down the Ganges during that interesting festival in which the Hindoo maidens so much delight. Congress a Revolutionary Propaganda. By a telegraphic despatch from Washington, we learn that the republican members of the crisis committees held a caucus yesterday, to decide “if it will be advisable to propose any concessions;” and this becomes a question with them at a moment when rovolution is rampant, and civil war, bristling with all its horrors, looms up from the Southern horizon. Ever since the Presidential election, now nearly two months, several of the Southern States have been in the most revolutionary condition in which it is possible for any coun- try to be, short of the belligerents aciually taking the field; and in every part of the South there are symptoms of revolt, and strong sym- pathy felt and expressed for those States which are in the van of the revo- lution. One State has formally broken off her allegiance to the United States, and declared herself a foreign Vower. Her menac- ing attitude has caused the evacuation aud dis- mantling by the federal troops of an important fort at the entrance to the harbor of ber chief maritime city, and it has been occupied by*her troops, together with another important fort close to the shore. This is palpably an aci of war, and hostilities have begun, though no blood bas yet been shed. How soon the first fatal collision may take place we cannot say. It may be at any moment. Other Southern States, following the example of South Caro- lina, will secede in a very few days, and stand by her in the event of a struggle. Armed pre- parations are being made everywhere at the other side of Mason and Dixon’s line. It is now even proposed to call oug a military force from the militia of Maryland and Virgiuia, to march on Wasbington in order to prevent the inauguration of the President elect, who has been chosen according to the forms of the con- rtitution, though rejected by the votes of every Southern State, And here, in the city of New \ ork, that revolutionary force could easily be augmented by ten thousand men, thrown out of employment by the crisis, Luagry aud despe- rute encugh for any enterprise. At the North on the other hand, the anti-sla- very orators and journals insist that no compro- mise, no concession, shall be made. They cling to the Chicago platform as Shylock did to bis bond, and they must have their pound of flesh out of the side of the South, though the opera- tion were to prove the utter destruction of that section of the Union. Ata safe distance them- selves from personal danger, they are urging coercion of the South by force of arms, and reviling the Chief Magistrate of the country because he will not, at their instigation, take a leap in the dark and inaugurate a civil war, the consequences of which no man can calcu- “Now, what has Congress done under these deplorable circumstances? t has been in ses- sion for nearly a monih, and has done nothing whatever to allay the Southern dread of the anti-slavery propagandism, nothing to rebuke and repress the aggressive epirit of the Norih, nothing to reconcile the two hostile sections and make them friends ounce more. Sv far from dving anything towards healing the breach, Congress bas been laboring hard to rencer it irreparable. Every day since the firs: Monday in December the guif of alienation be'woen the North and the Souch has been ren- deicu wider and deeper, till now it seems almost in passable. Both chambers of Congress have been made arenas for revolutionary strife, and on reside such men as Iverson, aad Wigfall, and liawkins, and on the other such us Hale, and Wade, and Doclitile, have surred up the worst passions of ‘he respective sections to which they belong. They have fei the fire, throw ng pitch and rosin and tur; ea.ine into the flames. Even the cris committees of Congress, who are going through the farce of pretending to save the Union, are the most active wpercies for its destruction. If a pa- triot like Mr. Crittenden propoves a re- medial measure, cwleulated tw put a finnl end to the irrepressible conflict, it is voted down by the whole of the republi- can members and by the extreme wing of the opposite faction. kwery attempt to do any good WArfeated by the revoluiionary eloments on boch sides in Congress, but chiefly by the Northern sectional.sts, by whem the conces- sions must be offered if there is to be poace, but who, instead of proposing compromises, proclaim they have “none to offer,” and reject { every overture for a settlement propesed by | conservetive mediators. And now, forsooth, | to consuder whether they will condeseend to | propose even the semblance of a conces- Intelligence of these proceedings of their representatives necessarily reaches the people both North and South, ood fans the flame of mutus! hostility. Congres: i« thus . medium of revo'ntion and political incen? «em, and bas done more in our weeks to ;roduee civil war thaa South Coro) na and all (ic other seceding Siates put tox (her, The country nuturaily looks to the coliective wisdom and authority of Congress | to arrest any disorders of the nation withia ite jurisdiction. 1) .as the legislative power, and i bas the control of the army and navy and the public purse. Yet it doos nothing, and attempts nothing in the way of remedy. All | chance of salvation is in the good sense of the people, if hostilities are not soon precipitated beyond their control. Let them in every dis- trict repudiate their representatives in Con- gress, and by multitudinous meetings insist upon the calling of conventions in every State to give this dangerous question its eternal quietus. Let the President elect ponder on this state of things, and aid the people in this movement. Thus may the country be saved from fratri- cidal war, the most cruel and the most fierce of all conflicts, especially when it is a war of ideas, and religious fanaticism, like the “weird sisters” in the tragedy of “Macbeth,” throws its own bitter ingredients into the seething caul- dron of national discord. The thirty-four years’ war of the Roses in England; the war of the Roundheads and Cavaliers, of which the present struggle threatens to be a continua- | tion; the war of the Covenanters and Jacobins | in Scotland, the revolt of the Netherlands, the thirty years’ war in Germany, the terrible civil war in the French province of La Vendee immediately after the first revolution, and the internecine war which for the last ten years bus desolated Mexico, turning a paradise into ® pandemonium, are sad examples of what the American people are to expect if they permit the politicians and fanatics to launch them upon a dark, unknow xn of civil war. Reactionary Sym! $ at the North, A careful analysis ef the vote at the recent Presidential election renders it incontreverti- bly manifest that, as long ago as the 6th of November last, over three-fourths of the peo- ple of the United States were conservative in sentiment, and opposed to the sectional aboli- tionism which formed the vital element of the republican party. The shiver of apprehension, which events similar to those that have trans- pired at Charleston within two days have com- municated to public feeling at the North, in- tensifies the diegust of the vast majority of the people with the incendiary doctrines that have reduced the country to iis present state; and probably not one out of six of the adult citi- zens of the non-slaveholding States entertains sympathy at this moment with the platform upon which Mr. Lincoln was elected to the Presidency of the United States. The New England States themselves, which have been considered the vanguard of anti-slavery nulli- fication, have changed front so rapidly within one month, in view of the stagnation of trade and e¢mmerce, the paralysis of manufactures, and the threatened obstruction of every outlet of produce and inlet of wealth to the country, that it is questionable whether more than two out of the six of those clergy downtrodden members of the confederation would stand by the principles they have advocated so strenu- ously, if the election for President were to be repeated to-morrow, The State of South Carolina has already sever- ed the ties which bound it to the Union. The Pal- metto flag now waves in triamph over fortresses which but forty-eight hours ago belonged to the federal government. Hostility at the South against the institutions of the North is daily be- coming more bitter. A magnetic current of re- sentment—the growth of twenty-five years of gradual but steady violation of their rights un- | der the constitution—vibrates through every | fibre and nerve of Southern life. The people of the slaveholding States have ceased to con- vider whether secession is prudent or expe- ' dient. Writhing under the necessity of shaking off the bonds of a broken covenant, they de- liberately prefer a condition of isolation and comparative weakness, in separate nationali- ty, to longer voluntary submission to what they believe to be the caprice of tyranny. They are leagneing together offensively and defensively, | and 6 virtual ratification of the acts of South Carclina has already been rpsolved on in the hearts of eight out of every ten of the citizens of the fifteen States south of Mason and Dixon’s line. | A panic bas been created in the North by this | state of things, which has reduced the prices of merchandise, prostrated the stock market, alarmed holders of real estate, caused sub- | seribers to a government loan to withdraw iheir subscriptions, driven thousands of labor- ers from employment, introduced retrenchment | into every household, compelled the govern- ment to pay from twelve to twenty-five per cent for money to pay the interest on the pub- lic debt, closed manufuctories, and thrown gloom over an entire section of country. Every one asks to what extent disaster will have progressed if the evil continues three mienths longer. In view of such a revulsion, hourly extend- ing its influence to every branch of industry, the conservative, thinking portion of the com- munity, headed by the press of all parties, is beginning to inquire, with the deepest anxiety, what measures can be taken to improve the sod condition of affairs Sensible citizens look with dismay upon the vista of gloom which the beginning of the crisis has opened upon us, ia this | ‘ey arrive at the conclusion te hold a caucus, | Not only democratic, but republican journals, raise their voices in warning, and unite sup- plications with demands that firm, manly and unequivocal measures of conciliation shill be adopted, in order to prevent disaster and loss from becoming total shipwreck The Albany Evening Journal, edited by Mr. Thurlow Weed, continues to be foremost in its antagonism to the obstinacy and miserable attachment to abolition interests which still beguile a per- sistent minority, and urges from day today the adoption of a policy which may yot save the country. An active, mischief-making few, however, are bent upon increasing the diffi- culties between the North and the South, and, Hl under their auspices, the danger is not small | that diseolution of the Union may become in- evitable, and the accession of the slaveholding ite attempts are 0 regravate the mischiof, till | States the commence nent of anera of civil war, it is almost beyond |uiman skill to cure it, and | which would reduce us lower in the scale of the country is on the verge of the same bloody | anarchy and chaos in which Mexico is plunged at the pre ont moment What is the first cause of this ire and disua- trous condition of things? The antielavery propaganda which has been in active operation for a quarter of a century, v sich broke out into a paroxysm of violence ten years ago, and which has now reached a crisis whose only ¢olution appears to be civil war. Tion ity instruments in Congtess refused to allow the line of the Missouri Compromise to be ex- tended to the Pacific; and now they reject the national existence than Mexico or the small | States of South America. They talk of coercion as though the shedding of human blood wer of small importance, or the annibf!.'/ may be brought to naiight. Trensied antagonism to Northern aggression has reached such s point in some of iho soull- ern States that we hear of a reguiatly consti- | same offer, because that would put an ond to | the voeation of Garrison, and Phillips, and | Curtis, and Sumner, and Giddings, and Beecher, | and Cheever, and all the demagogues, tempo- ral and spiritual, who make money or notoriety | out of the disturbing slavery question, What is the only safety in this emergency? ‘Tiere te no hope from Congress, none from the ‘The only tuted, powerful organization in the States of Maryland and Virginia, resolved to follow in the wake of South Carolina, and to prevent Mr. Lincoln from beiag inaugurated in the District of Columbia ns President of the United States. Aggrieved as the Southern States be- liewe themselves to be, such steps are not alto- gether to be wondered at. Revolution is awayed and governed like the ocean tides, by NEW YORK HERALD, SATURDAY DECEMBER 29, 1860.~TRIPLE SHEET. | progress of ue the witids above it and the influences a*#m.." and under it, as well as by ifs own fixed law# The man from the South who stigmatizes his Massachusetts adversary 8 a rufffan, ready to invade his soil, burn his barns and dwell- ings, poison his wells and water courses, or send armies and navies to shed the blood of his people and trample them into submission, is not to be too severely criticised if he imi- tates the “throw the tea overboard” policy which bas stamped itself indelibly upon the page of the early history of our republic. ‘lhe people of the South are in earnest, and they judge the North by their own feelings and the past declarations of those who are opposed to them. How is £0 gloomy and disqograging a future to be averted? Failures to the amount of mil- lions have already occurred in this city alone, attributable exclusively to the disturbed con- dition of our inter-State relations, The people of the North are aghast; yet no remedy comes from the administration—none from Congress, none from the people. A ground swell of in- dignation is rising, which will destroy, in due time, the Garrisons, Grecleys, Wendell Phil- lipses, Sumaners, Giddingses and others, who are reeponsible for the calamities that hang over us, But how is the result of their incendiar- ism to be averted? ‘The reply to the question has echoed and re-echoed through the country from every conservative, Union, law abiding press in the land It is contained in the words forbearance, conciliation, and the exhaustion of every me- tLod which patience and the requirements of the constitution would suggest, to remedy the wrongs by which the South has been iuilicted. Above all things it is in the power of Mr. Lin- coln, long as he has delayed to speak, to say the word which shall place him, far above the shackles and bonds of party, on such a height as Washington, Jefferson, Madison or Jackson would have rejoiced to occupy. By still raising his voice in time he may be the instrument of guiding the country back to its pristine condi- tion, and, by recommending to both South and North such amendments to the constitution as shall define and maintain forever the rights of each, he may carve out for himself a name which shall stand high in the history of this confederation. But, above all things, he should cultivate and cherish that reactionary feeling at the North which points towards the largest amount of toleration in future, by the different sections of the country, to the respective insti- tutions of each other. China and the East. The details of the entry of the Allied army into Pekin, and of the flight of the Emperor and his thirteen wives, and the sack of his palace, read more like a pageant or fable conjured by Oriental imagination than a simple record of actual occurences. In olden time the tale would have burst upon the wondering world with more dreamlike enchantment and mar- vellous effect than was ever produced by Pizarro’s brilliant but bloody conquest of Peru, or the only less daring deeds and grand achievements of Cortes in Mexico. But the world is strangely altered now, and this great and unparalleled event in toe Flowery Land has had its lustre dimmed by the simultaneous revolutions going forward in Italy and ourown country. In any other Eastern country, India especially, the flight of the Emperor and the surrender of his capital would have resulted in the immediate overthrow of his dynasty; but the latest intelligence from China, subsequent to the occupation of Pekin by the Allies, informs us that a peace had been concluded with the Emperor, who ad returned to his palace, or rather the wreck ot it, for but lide was left unbroken and un- pillaged by the rude and cager hands of the victorious troops. Even the magnificent mir- rors and other costly ornaments were wantonly destroyed by the #r uch in revenge for previ- ous insults. The spoils appear to have been large; but as these became the private perqui- site of the army, Briti-u and French taxpayers are not likely to rejoice much over their capiure xestoratiof’ of the Emperor and the speedy peace seem to have taken Europe agreeubly by surjiise. It was axcicipated that Lis flight would be (ie signal for the Tae-Ping chief to usurp supreme authority over all China; but although those anticipations have been unrealized, there is no doubt that the humiliation and loss of prestige inflic'e1 upon the present Emperor will give a moral powe: to the insurgents, and contribute more to their ult'..te and speedy success than any ciker even that has ever occurred. What- ever tends to weaken the oxisting dynasty necessarily tends to strengthen its rival; and ‘bat the Tae-Ping rebels will eventually be successful in becoming the ruling power of the empire is inevitable. For thirty centuries China remained a soaled book to the resi of the world. It was only ten years ago, during the British-Chinese war, that the ice of their exclusiveness was broken. The weakness of the dynasty was then exposed, and the spirit of rebollion, which had been lovg fermenting ii |‘. empire, was openly ex- pressed, and tock tho definite form which it now wears. The Tao-Pings have already possession of both banks of the Great River and the city of Nankin, which is presided over by a so-called king of their own, and every year they are gaining in numbers and in power. In the beginning, according to Biblical and other tradition, the march of civilization was from east to west, and gradually the Western races of mankind were nearly destroyed by the Eastern tide; the Ro- man empire arose and checked it, Then again, when it was subverted, westward once more sped the course of empire. But now the nations of the West are steadily advancing to overwhelm the nations of the East. The am- bition of Russia has been diverted from Europe 7 although the means she is employ- adopted by the British and ea are directed to the ¢ j/ereats of all the West- ‘cal. Russia, if we mis- 1 with & favorable eye upon the taePing rebellion, the seeds of which were doubtless sown by the gone. The spurious Christianity professed by these insurgents affords ‘rther proof of the source whence their religion ema- nated. It cannot be doubted that the effect of the recent victory of the Allies at Pekin will be to convince more strongly than ever the en- tire Eastern gations of the superiority, in oth > eet aatee | moral and material strength, of the Westera sewers. This will promote the end of pera more mnectually than anything else. Our own interests, alupugh we have been mere neutral spectators of the exciting events in China, are equally involved in the results of the stuggle between the Allies and the Orientals, Qur re- lations with Japan are likely io become very intimate, and the lessons taught the Chinese will not be lost upea their neighbors of the Land of the Rising Sun. That the waris over must be a vast relief to those engaged in it, and especially to the British, who have had to pay the piper to the extent of a few millions more than in any former Chinese war. ‘Tae Unrrep Starrs Crevir Breaxtna Down. — Mr. Cobb left the federal Treasury in a ter- rible condition about a month ago. No pro- vision had been made for the payment of the January interest on the public debt, and Con- gress immediately authorized the issue of five millions of dollars in Treasury notes, A very short time ago the bankers would have taken this loan very gladly; but up to Thursday after- noon less than one-tenth part of the sum required was offered. The Sub-Treasurer of the United States finally succeeded in inducing some of the bankers to make up the sum of a million and a half at twelve per cent per annum, The spectacle of a great Power like the United. States “shinning” for money im Wall streef, after the manner of a small trader shivering upon the verge of bank- ruptey, is certainly a most humiliating one, and it affords the strongest proof of the sad) condition to which the country has been re- duced by the petty politicians of the day, who, in their mad struggle for the federal spoils, have paralyzed ihe government, brought us to the brink of civil war, and ruined the national credit at home and abroad. The action of the bankers upon the matter of the federal loan is in strong contrast to their reception of the recent calls of the city and State for pecuniary supplies. Both the city aud State loans were eagerly sought for at a premium upon the city rates, six per cent, and ihe State, seven per cent, The State and city property is pledged for the payment of the public debt; but the federal government, ii the doctrine of secession is to be counte- nanced for a moment, is unable to offer any such security. The seceding States would re- fuse to acknowledge any pledge of the public lands, and the government creditors are there- fore asked to take the risk of the repudiation of the bonds before they have time to mature. Individual States would fare no betie:. The rich State of Chio had an agent in Wall street begging for money a short time ago, and he was compelled to go home with empty pockets. South Carolina, the State which has lately gone into the expensive luxury of independent sovereignty, could not borrow a dol- lar to-day at any rate of interest, and the credit of a Southern confederacy would not be much, if any, better than that of the Pal- meiio State. These warnings should not be neglected. In all governments, despotic or liberal, the bankers and custodians of the pri- vate funds are the most sensitive indicators of the real state of public and private affairs. When they desert the government,.or place it upon the level of ordinary borrowers, it is time for people to think seriously of the state of public affairs. We cannot bring ourselves to believe that this government is to be pulled down by a few miserable party politicians, and hope for a grand reunion of all the conser va- tive elements to save the Union and resiure peace and harmony to the land. The responsi- bility rests with the republicans and the Presi- dent elect. The question is, what will they de with it? _—- Tae Provincia, Newsparsr Bonemans or New Yorx Crry axp Ture Fasnications.— The most despicable of all the literary Bohe- correspondents of our provincial newspapers. Disqualified by laziness, dissipation and reck- less habits of all sorts from any employment requiring a decent regard for truth or sobriety, they find the business of writing New York letters for distant journals their most congenial vocation. The Mobile Register bas a Bohemian of this type as its New Yor!: correspondent. One of tho latest of bis peculis: productions, in the way of exclusive New Y. x intelligence, has just re- ceived a liberal 1v),ablication by several of our republican cotemporasies of this city, and a quasi endorsement from them which demands @ passing notice. ‘The letter in question in- forms the astonished reader that the Collector of this port and his federal assistants are en- gaged in a conspiracy which contemplates the repudiation of the incoming administration, and the retention, no. only of their offices by the parties concerned, but also “of the reve- nues accruing here until the Legislature of New York or the city authorities attach the same.” In justification of this conspiracy, it is said that “if a single State goes out of the Union Mr. Schell regards it as broken up,” and that he is thus relessed from all responsibility to the incoming President. We are further in- formed by the immaculate Bohemian in quee- tion that “Mr. Jokn J. Cisco, (he Sub-Trea- surer, takes the same view;” that “he has several millions at his dixposal;” that “a large portion is in bars of gold, valued at a thousand dollars each,” and that “these are being painted white, so ae not to attract attention in case of being removed from the Sub-Treasury vaults, in ease of a riot or of Lincoln claiming to be the Pisident.” To cap the climax, it appears that “7! Buchanan approves of all the pro- ceeding :” in the premises, and hat “his nephew and Inte. private secretary, Henry, attends all the federal caucuses at the residences of the Collector, Sub-Treasurer and other officials who are in the i We aball next probably hear from the same veracious anthority that all these gold bars, painted white, have been packed off to Wheatland, and baried in the cellars that Kerrigan's imperial guard of tem thousand men ate now in receipt of pay ap ihe rate of ten dollars each per mouth from the federal treasury; and. that to cover over these oj erations Collector Sohell is laying fn a vast amount of gunpowder, so as to blow up the Custom House on the day of Lincoln's reiion. But, serfously, our republican cotemporaries of this city, before giving dence to such miserable stuff, should -_— mians of this city are among the New York . ———=s ee —