The New York Herald Newspaper, February 13, 1861, Page 4

4 NEW YORK HERALD. JAMBS GOKDYV BENNETT, EDEOR AND PROPRIETOR, , OVFICE N. W. COKNGH OP FULTON AND NASSAU BB, aanetien inna TERMS, cash m uifrance. sent ty encit wih te it tha Fish of the wende. ‘None but Bani: vills current in New York @hen, + LY HERALD, to conts per copy, $7 per annum. Fe OAT UEMALD. every Saturdath a ote. conte ¢ Buropean Edition every Wed. f partes treat Britain, to include postage; the ot 2 “ and 2lat of each month, at six eRESPON DENCE, containing important any quarter of the “wortd; if use, will be llevally paridl f OUR FORLMIGN CORR«KPONDENTS 405 Parricvi anny Reeckstky TO Seat «ue Lerrxus ano Pacd- AGYS SENT Us, NO NOTICE taken of a .s correspondence. We do not return rejected conn toutes F ADVERTISEMENTS renewed every day; advertisementa in seited in the Weexiy Hewacn, Fasiur Heeatp, and inthe California and Bur opean Baitiens, » JOB PRINTING executed with neatness, cheapness and des- jo. 43 ——S——— AMUSEMENTS THIS EVENING, Volume XXV} ACADEMY OF MUSIC, Fourwenth street—Iratiax Orx- Ric Ue Baio ix MAsCHRRA, NIBLO’S GARDEN, Broadway.—Pizareo, WINTER GARDEN, Broadway, opposite Bond street.— Mexcnant or Vemce—Two Bonnvcastixs, | WALLACK'’S THFATRE, Broadway.—Cartain Of THE Warcu—so.on Daventee. LAURA KEENE’S THEATBE, No, 624 Broadway.— Bevan bisTkRs. BOWERY THEATRE, Bowery.—Corsican Bro ek. NEW ruxks—Rarsine Tur Wixp—Dopeine roe a W. BARNUM'S AMERICAN MUSEUM, Brondway.—Day and Evenlug—Tax Lavy or St. Tuorne—Livine Cuniosi- mins, &0. BRYANTS' MINSTRELS, Mechanics’ Hall, 472 Broad way.—Bumuxsques, Soncs, Dancus, Ac. Scenes at Puaton's. HOOLEY & CAMPRELL'S MINSTRELS, Niblo’s Saloon, Broudway.—Eruiorias SonGs, Dancxs, BuELEsyuns, &C.— BeTuRyep CaLirOuntans. CANTERBURY MUSIC HALL, 653 Broedway.—Ticut Ror, Sonos, Danoxs, Bunieseves, &0, MELODEON, No. 639 Broadway.—soncs, Dances, Bun- SQUES, & Now Sock, Wednesday, Ccbrauacy MaILsS FOR 6UROPE @he New Vork Hcraid—Kdition for Europe. ‘The Cunard tna’) steamship Arabia, Capt. Stone, will Jeave this port to dey for Liverpool, The Buropeav mails will close ta this city at eight @clock this mornng. The Rororkan Eninoy or vax Hemscn will be publizhed at seven o'clock in the morning. Single copies ju Wrap- pers, 81x cents. The conteuts of the Evnorean Eprom or Tas Ferarp will combine the news roceived by mail and telegraph at the office during the previous week, and up to the hour of publication. 'The News. The Southern Congress at Montgomery, Ala- bama, yesterday in secret session adopted a resolution declaring that the new government takes under its charge the questions and diffi- culties existing between the States of the con- federacy and the United States, relative to the forts, arsenals and other public establishments, We shall, therefore, have no collision by the se- cessionis#s at any of the points threatened, until a formal declaration of war is made by the Southern Congress, unless the federal government take the initiative steps. A resolution directing inquiry as to the propriety of sending Commissioners to Washington was referred to the Committee on Foreign Relations. The President elect and party, en route for the White House, left Indianapolis yesterday morning, and arrived at Cincinnati in the evening, where he made @ speech to the people, a report of which may be found in our account of the journey of the party, in another column. A large number of memorials relative to the crisis were presented in Congress yester- day. In the Senate Mr. Sumnor and Mr. Crittenden discussed the perilous condition of the country. The Naval Appropriation bill was taken up, the question being on the adoption of an amendment providing for the constraction of six steam sloops of war. Mr. Green opposed the amendment, but it was finally adopted by a vote of 27 to 17. After an executive session, in which a number of appointments were confirmed, the Senate adjourned. In the House yesterday the Chairman of the Committee on Ways and Means presented @ letter from the Secretary of the Treasury, showing the condition of the government finances. The debts to be met, between the present time and the 4th of March next, amount to nearly ten millions of dollars, while the accruing revenue and the sum in the sub-treasuries, subject to draft, amounts to about two millions and a half. The Secretary recommended the passage ofa law enabling him to accept from any State the guarantee of any Block of the federal government, to the amount of public money deposited with euch State under the Distribution act of June 23, 1836. A bill in ac- cordance with this suggestion was presented with the letter referred to, but its introduction was objected to by Mr. Garnett, of Virginia, The report ofthe Select Committee on the robbery of Indian Trust bonds was then presented and ordered to be printed. We publish the docament complete in to-day's paper. The report says thirty or forty witnesses were examined, in- cluding ex-Secretaries Floyd and Thompson. The latter is exonerated from any complicity in the theft; but he, as well as former Secretaries of the Interior, is censured for the inefficient manner in which the bonds have been held in th \t depart ment, there being no adequate respon lity at tached to the custodian. It was ascertsiied that Mr. Floyd gave acceptances to the amount of nearly seven millions of dollars, or from two to three millions of dollars more than Russell, Majors & Company ever earned, while these contractors received all the money that was duc them. The acceptances were given on the strength of their contract. Senator Benjamin was an important witness. About a year ago—he could not exactly fix the time—he received a letter from Duncan, Bherman & Co., asking him to ascertain whether Mr. Floyd's acceptances were good. Mr. Bevja- min called on the President, who said that he knew nothing about them, or any law anthorizing their issue. Mr. Benjamin next called on Mr. Floyd, who said that the acceptances were in ac- cordance with the usage of the department, and were given conditionally as to the arrival of trains from one point to another. Mr. Benjamin remind- ed him of the impropriety of such proceedings, and Mr. Floyd said he would eign no more. But, not- withstanding, from April to December, he gavo Seceptances to the amount of two millions one hundred and sixty-three thousand dollars. The Jast batch was the 13th of December—the day Bailey delivered the last supply of bonds. The eo es are still out, and #26 them are in the hands of one or erry oak ie but which are worthless. Thecommittee py recommendations, but merely report 1 ‘The Honse took up the special order, | Railroad bill, the question being on oyceeiny to the Senate's amendments. A debate ensued, which alone, vke no at an early stage was turned into @ discussion on the position of Virginia relative to secession ‘The bill authorizing the endorsement by this State wf United States bonds to the amount of the na- tional funds deposited with New York by the Dis tribution act of Congress of 1836 came up again fin the Senate'at Albany yesterday, and was passed bya vote of 17 to 7, After gome ovher business | of minor importance, the Senate took up the con- eideration of the Governor's annual moasage, which elicted @ lengthy discussion. In the Assem- bly the bill providing for the punishment of mur- der, treason and arson was up, and was discussed at some length, in connection with a proposition toamend by making the punishment for murder in the first degree imprisonment for life instead of death. The Annual Appropriation bill was under consideration, and the bill in reference to the sup- port of the common schools of the State was passed to a third reading. The steamship North Star, from Aspinwall 4th inst., arrived at this port yesterday, with the Cali- fornia mails, passengers, and $1,044,000 in treasure, which left San Francisco on the 21st ult. The steamship De Soto, from New Orleans, and Havana 8th inst., arrived at this port about one o'clock this morning. The United States steam- ship Crusader, Capt. Maffit, touched at Havana on the 8th inst., and sailed same day for New York. ‘The news is unimportant. We have news from Hayti to January 22. Con- siderable anxiety was caused by Spanish policy and probable intentions in regard to the island of St. Domingo, It was said that some old claims were preferred by the Spanish government which would interfere materially with Haytien indepen- dence, and if time could be spared from ates at home it might be well to watch affairs in that island. Coffee was still in demand, and commands high prices—from $132 to $134 per hundred Ibs. The steamship City of Baltimore, due at this port from Liverpool, had not made her appearance off Sandy Hook at eleven o'clock last night. At the regular meeting of the Board of Super- visors yesterday two vetoes were received from the Mayor—one on the passage of the county tax levy, and the other on a resolution adopted by the Board at a previous meeting directing the clerk to send to the members of the Legislature copies of the report of the special committee on Harlem bridge. They are printed clsewhere. The weekly statement of the County Treasurer was received, which showed the balance in the treasury on the 9th of February to have been $365,378 80. A statement of the number of persons employ- ed in the office of the Commissioners of Taxes and Assessments was received. The number employed is twenty-six, and their salaries amount to $47,228. A resolution to the effect that a committee of four be appointed to wait upon the President elect upon his arrival in this city, to tender him the civilities of the citi- zens of the county, was unanimously adopted. Several communications were received, and a large amount of routine business was transacted; after which the Board adjourned until next Tues- day at 3 P.M. The case of the late Post Office defalcation was continued yesterday in the United States District Court. The District Attorney presented several supplementary points, and Mr. Charles O'Conor concluded his plea for the obligers, when the court adjourned. The charge of murder against Lane, the mate of the bark Anne, was continued in the United States Circuit Court before Judge Smalley yes- terday, and farther adjourned. The wills of Elizabeth Lacombe, Elizabeth I. Roton, Thomas T. Banta, George Compton and Benjamin Ellis bave all been admitted t6 probate. None of them contain any bequests of interest to the public. Sterling exchange clored heavy and nominal yesterday at about 106 for bankers’, and at 103 a 10334 for com- merelal bilis, This condition of the exchange market tended to check purchases of produce for oxport and to depress prites, The scarcity of room and firmness in freigh'g also checked the demand for breadstuffs and ether produce for shipment. The sales of cotton em- braced about 1,000 bales, closing om the basis of 1140. for middling uplands. The receipts at the ports siace Ist September show ® decrease of 623,000 bales com pared with thoro for the same time last year; the de- crease in the exports for the same period amounts to 263,000 bales, snd the decrease in stock amounts to 930000 bales. Flour was dull und rather lower for common grades, while sales wore modorate. Wheat was heavy and lower, while sales were light. Corn was ‘heavy and lower, with a light demand, and mainly for export. Pork was in limited demand, and prices closed at easier rates: sales of now mess were mado at $17 25, and of prime at $13. Sugara wore inac- tive and prices dull: the sales were confined to 64 hogs- heads nnd 209 boxes. Coffee closed with steadiness, with eales of 1,600 bags of Rio, 336 do. Maracaibo and 100 mats Java, at rates given in another column. Freights were firm, room was scarce, while engagements were light. The Authoritative Coercion Programme of Mr. Lincoln and His Administration— Civil War Upon Us. The bells of St. Germain d’ Auxerrois have at length tolled forth the signal for massacre and bloodshed by the incoming administration. The speech of Mr. Lincoln, at Indianapolis, is the first authoritative proclamation of his inten- tions in the present crisis. His words are preg- nant with meaning, and deserve the mature and deliberate consideration of every conservative citizen of the country. “If the United States,” he exclaimed, “ should merely hold and retake its own forts and the properties, and collect the duties on foreign importations, or even withhold the mails from places where they are habitually violated, would any of these things be invasion or coercion? Would the marching of an army into South Carolina be invasion?” The Tremier of Mr. Lincoln had already de- clared to the United States Senate that “battle,” which should sweep away opponents to re- public isin “as moths before the whirlwind,” wae view of the fiaal developement of the “irrey ‘ble conflict.’ And, by a well cal- | culated ‘onee, on the same day, perhaps | at the ment that Mr. Lincoln was indociciuating the citizens of Indiana into in- vasive and coercive principles, Senators King and Fessenden were announcing, at Washing- ton, their reasons for reinforcing the navy of the United States with vessels which should be able to penetrate Southern harbors, and attack Southern fortresses. “Treason,” says Mr. King, “is abroad in this land, and [ belicve there is an occa- sion and a necessity of the increrse of the armament and the power of the country. But for the condition of things in the country now, I would vote against it, but I vote for it asa measure to put the country in a condition to defend itself against its enemies, whether they are domestic or foreign enemies. This govern- ment and this country cannot be peaceably de- stroyed, or overthrown or divided. Men can- not talk treason—they must act it; and he who acts it, in my judgment, should take the fate of a traitor, and should not seck to escape by pretending that he can commit it peacofully against the country. I tell these gentlemen that, in my judgment, this treason must come to an end, peacefully I bope, but never, in my judgment, peacefully, if by an ignominious submission of the honor of the people of this country to traitors. Never. I desire peuce, but i would provide, amply provide, for the means of defence of the country, by war, if necessary.” Senator Fessenden was oq ually positive inde- clding “that if the tare was coming to use force, he was perfoc Uy ready todo it.” Where, then, does the country stand? Governor Morgan offers the militia of New York to Mr. Lincola, and a large sum of money is appropriated by the State Legitluture for coercive purposes; the authori forces to act outside of the State; Pennsylva- nia avenue is turned into a Champ de Mars; Generals like Wool, Sandford, Scott and Weightman are sharpening their swords for bloodshed; members of the Cabinet issue in- structions to “shoot on the spot” active se- ceders, and every preparation is beiug made for the inauguration of sectional hostilities after the 4th of March next.- Itisdeclared that the Southern seceding States must prepare tor a blockade of their ports; to surrender the fortresses they have seized upon, and to fall back into the passive submission which repub- lican aggression has demanded for over thirty years. In the present deplorable condi- tion of the country, is this the right policy’ Is it expedient? The Southern Congress at Montgomery offer the hand of friendship to the North, on such terms as believe to be consistent with its dignity. They have provided, in the sixth arti- cle of the constitution of the Southorn republic, that its government “shall take immediate steps for the settloment of all matters between the States forming it and their late confederates of the United States in relation to the public pro- perty and public debt at the time of their with- drawal from them, these States hereby declar- ing it to be their wish and earnest desire to ad- just everything pertaining to the common pro- perty, common liabilities and common obliga- tions of that Union upon principles of right, justice, equity and good faith.” ‘To all this the republican party answer, “Submit to the abetractions of the Chicago platform, or there shall be no alternative but war—-a bloody, in- ternecine, destructive conflict, which shall bury in ruins the prosperity of the country.” Sober minded, patriotic citizens at (he North, have no time to lose, if they would avert irre- parable disaster. Meetings should at once be held in every city, town and village of the Union, proclaiming, first of all, as an indispen- sable, irrevocable preliminary, the resolve of the people to maintain peace, and, next their desire to aid in the work of reconstruction, which the exigencies of the time imperatively demand. The declarations of Mr. Lincoln, of his Premier, and of the republican Senators and members in Congress, have rendered clearer than noonday the suicidal inten- tions of the incoming government. They are founded upon the gigantic scheme of General Scott for the subjugation of the South, which was exposed by the Congressional repre- sentatives of Louisiana, in their address of the 14th ultimo, to the Convention at Baion Rouge, and which includes the garrizoning of Southern forts and arsenals, the marching of forces into the seceding States, with «a view of employing them for domestic intimidation. The republican party is only awaiting, in fact, the close of the present administration to clothe itself with the panoply of war, and to initiate acts of aggression, which it fills the mind with horror to contemplate. Imagination cannot conceive the disasters that will over- whelm the land, if an appeal is permitted to cannon and the bayonet to solve the inter-State problem which thé developements of the last few months have created. The only remedy is with the people. Unless they rise in their might, und put an end to the agitations by which the republic is convulsed, the calamities foresha- dowed in Mr. Lincoln’s speech at Indianapolis will, before the close of one month begin to be folt from one end of the Union to the other. Tax Eviis ov Inprcrsioy ty Tives oF Pour car. Daxaer.—The correspondence between Secretary Holt and Col. Hayne, in reforence to the surrender of Fort Sumter, adds another to the many historical evidences of the fatal in- finence which men of mediocre talents or feeble minds are destined to exercise in times of great political emergency. In the views and argu- ments urged in it we recognise nothing which raises it ubove the level of the efforts of small pettifogging politicians. It is weak, it is flippant, and takes no comprehensive or statesmanlike grasp of the difficulties in which the country is involved. There were but two courses for the general government to pursue under the circumstances in which the action of South Carolina placed it. The one was when that State sent commis- sioners to dictate terms to it to adopt the bold and decisive course of having them arrested for treason. This would have brought mat- ters to a crisis, and might have secured an im- mediate adjustment, by proving to the re- publicans the extent to which the move- ment was sympathized in and sustained by the other Southern States. At all events we should not have had the lat- ter so soon committed to a position from which, whatever may be the concessions made to them, it will be difficult for them to recede. The other and more statesmanlike course was at once to acknowledge the true character of the movement, and to deal with it accord— ingly. From the extent to which the Southern- mind was agitated and public sentiment at the North divided on the great question involved in the last Presidential contest, no man of or- dinary sagacity could have mistaken the fact that the secession of South Carolina was not an isolated act of rebellion, but the commence- ment of a great revdlution like that of 1776. If the administration had been composed of statesmen, intead of small politicians, it would have entertained the grievances of South Caro- lina—not as those of a single State, but of the whole South—investigated their justice, and enforced them in so earnest a manner before Congress and the country as to insure a speedy arrangement of them. These opportunities were lost; and to the weakness and vacillation of the President and his Cabinet we must, therefore, attribute a large share of the respon- sibility of the catastrophe towards which the country is hastening. Lixcorn ON Mrvicat. Screnon.—In the course of his very remarkable speech at Springfield. the President elect made an allusion to the “little pills of the homeopathists” as being too large for the opponents of coercion to swallow. The comparison is mote after the manner of Hon. Massa Greeley than that of the ancient rail splitter, but still may be of use with another application. If the incoming ad- ministration pursues the homeopathic plan in ite dealings with the cotton States, giving allo pathic doses of kindness, concession and con ciliation, and administering infinitessimal doses of coercion, the national troubles may be set- tled, and the Union, which is really very sick, be restored to better health than ever, Other- wise, with allopathic coercion and homeopa- thic compromise, Doctor Lincoln may as well get ready for a funeral. THe will have the poor consolation of not being the only political quack who has killed his patient through com “ol Marsechusctts mobilize thelr ! pined stupidity aud ignorance. TeRkix Comuxnciat Convursion TankaTEN- ep iN THE NortH.—That the Northern States at the present moment are on the eve of a ca- lamitous commercial crisis, which threatens to plunge us into disorder, and perhaps ruin, no one with any foresight in fail to see. Apart from the cvils resulting from the political diffi- culties now shuking the country from its centre to its borders, which have already culminated in the dismemberment of the Union, and a radi- cal change in the positions of the North and the South, we are threatened here at the North with a terrible financial and eocial convulsion, completely breaking up all our commercial in- terests, destroying our profitable inter-trade with the Southern States, aud the consequent inter- ruption of the manufacturing industry of this section of the country, with all the trials and distresses which such a state of things is cer- tain to entail upon us. a In a few weeks from now the new President will take possession of the purse and thesword at Washington; and we have no intimation from him with regard to his future policy, ex- cepting it be in the dimly shadowed idea of a National Convention, which, at best, will take years to ecttle the quostion at issue, and will leave us nothing in the future. It seems to be his intention to take hold of the rump of Con- gross and the rump of the republic which is left to govern, and convert theminto a military despotism; to make war upon the seceding Southein States with the naval and military arm at the disposal of the new administration: in other words, to inaugurate a sanguinury and unnatural civil war, on the mistaken idea that the Southern people are rebels and traitors. They are no more revels and traitors thin were the patriots of the thirteen colonies "76, who were dissatisfied with the 8 government because they be- lieved that its laws infringed upon their per- sonal rights and privileges, and they deter- mined to form a government for themselves. If the Southern States believe that their rights and privileges have been invaded by the go- vernment of the united confederacy, and that there is no longer safety for them within its limits, the right of revolution remains to them just as much as it was vested in the thirteen British colonies in the middle of the last cen- tury. The seceding States have so decided, and have availed themselves of that right. They have formed a government of their own, adopted a constitution, and elected a President and Vice President. Thoy will open negotia- tions with foreign Powers, and they will soon have an army of a hundred thousand men to maintain the integrity of their new govern- ment. And in this juncture what is it that is proposed to do? To make war upon them—a war of subjugation and conquest? Such are the unmistakeable indications. All our milita- ry leaders breathe nothing but war, and our civil gnd political leaders seem to have taken this infection: even the heads of departments in the quiescent and nerveless administration of Mr. Buchanan have no milder terms to use than “Shoot them down on the spot—shoot them down on the spot!” To carry on such a war it will require loans upon loans, and if capitalists can be found to lend money for euch a purpose the national debt may be swelled toa hun- dred millions in a few months. Meaatime, the commercial convalsion ripens apace; trade is stagnating; mercantile firms are suspending; the operative masses are ap- proaching # starvation point; commerce be- tween the North and South is atanend. In this terrible emergency what do we re- quire to stave off the impending financial dis- aster and ultimate ruin of all our commercial interests? It is mot coercion; it is not subjugation or conquest; it is mot the violent “enforcement of the laws” of a confederacy already broken up. No; there is but one mode of averting the moat destructive commer- cial revulsion that ever befell the country, and that is to recognise promptly the new Southern confederacy, to re-establish commercial rela- tions between the North and South, and so re- construct the government that the original condition of things in regard to interchange of commerce may be restored. If we do not do this, France and England will step in and open negotiations with the government of the South- ern United States upon termsso favorable to all the contracting parties that the South will soon find itself in a position to be independent of us altogether, and we may see its profitable trade diveried into a foreign channol. Something should be done to prevent such a result as this before it is too late, and we see no better method than by recognizing the existence of an independent sovereignty in the Southern confederacy. That such a necessity should have arisen is greatly to be deplored. That cighty years ot unexampled prosperity as a united nation should leave no better fruits than separation and sectional hostility is pitiable ; but in these results we see only the consequence of a thirty years’ attempt to enforce the Puritan dogma that Southern slavery is “the sum of all ini- qnity.” Mcen Avo Anovr Notmxa—Tho republican majority in the House of Representatives has distinguished itself by voting for a resolution which declares that Congress has no power to interfere with slavery in the States where it now exists. The vote in favor of this resolu- tion was, we are grately assured, unanimous This is indeed wonderful. Who in the world ever imagined that Congress had, or could have, any control over the “peculiar institu- tion” in the old States? The House might as well have adopted a resolution condemning piracy or arson. It is by sttch pitiful expe- dients as there that the republican leaders hope to gain time, cajole the border States and tire out the seceders, It will be all in vain, however. Great emorgencies require great men to moot them, and the dominant party seems to be controlled by very small, pettifogging politicians. If the republican party was truo to its duty, we should find it ‘aking a bold stand and announcing @ conci- liatory, conservative policy, instead of fritter- mg away time in humbug resolutions which do not deceive any person of ordinary com- mon senso for a moment. Eueven ayo a Hane Minions Taxation ror 1861.-The Board of Aldermen passed the tax levy for this year at their meeting on Monday, with only the small addition of $390,000 to the estimate of the Comptroller, thas making the total expenses of the city and county govern- ments cleven and a half millions. The Legis- lature have yet to tinker it, and with the various parings and additions the different items are to experience at their hands, it is hard to say how the total amount will come out. We hardly expect, however, that it will fall anything short of Aldermanic estimates. ee NEW YUKK HERALD, WEDNESDAY, FeBROARY 13, 1861. NN Tue Great Ropsery at Wasmneron—FLoyd Fiarrevep.—Read the astounding facts, figures and testimony submitted to "Congress, in the report which we publish to-day of the House Committee of Investigation, touching the late stupendous frauds upon the public Treasury, in the abstractions, &c., of the Indian Trust bonds from the Interior Department. In the evidence thas submitted, the fact wich over shadows all other facts is, that the goverament robber, who stands at the head of the forty thieves, is Jobn B, Floyd, the late Secretary of War. Floyd stands charged as having issued “geceptances unauthorized by law, and fraud- ulent and deceptive in their character,” to the extent of untold millions. Called to an ac- count by Senator Benjamin, in the progress of this corrupt business, this immaculate Floyd, pretending repentance, promised to sin in this way no more; and yet it appears that withina few months after this promise of reformation he bad issued over two millions more of these fraudulent and deceptive acceptances. The committee show him up as about the most in- competent, imbecile, negligent, reckless, un- scrupulous, corrupt and shameless public agent that has ever occupied any position of respon- sibility under the government of the United States. This is the chivalric Floyd who resigned his seat in the Cabinet because his honor was pledged not to send any reinforcements to Fort Sumter, and because Mr. Buchanan retused to stand by this pledge of a disunion conspira- tor. Indicted as a robber of the Treasury, let us hope that justice will be done to this im- maculate Floyd. The report of the House Com- mittee, so fur as he is concerned, is positively astounding, and flattens out Floyd. It appears, however, that, by some sort of hocus-pocus or legerdemain, he humbugged Mr. Buchanan to such an extent that the President, in tne midst of these embezzlements, referred an inquiring Senator to Floyd as to a model of official intey- rity. In other respects this report will be fouad an instructive document, and especially to pet- ty swindlers and defaulters, and such like small deer, whose operations do not excced a few hundred thousands. The theme is so suggestive of matter for reflection, touching this crisis of official corruption, demoralization aud revola- tion, that we shall recur to it again. Mean- while, this House report is sufficiently interest- ing to challenge a careful examination by our readers of all sections, and classes, and parties. Tae Moina Bow iw tim Leorsiarcre — The attempt to pass en appropriation bill of half a million dollars in the Albany Legisla- ture, for the purpose of arming and equipping the militia of the State, suggests some very curious inquiries as to the real condition of our organized State forces. It appears that the bill, which is a republican measure, is based upon the report of the republican Commissary Genoral, to the effect that the militia is in a miserable condition, and greatly in need of arms, while it happens, strangely enough, that the Commissary General just two years ago reported that body to be in excellent order, with no want of arms to complain of. The questions naturally arise: whence the falling off, and what has become of the arms? The First division, comprising a force of seven thousand men, certainly has not retrograded either in discipline or in numbers, for it has rarely turned out so strong, or acquiticd itself so creditably, as on the reception of the Prince of Wales last September. Where, then, is the full- ing off, unless it be in the rural districts, where the military esprit was never much to boast of? It is evident that this bill has been introduced by the republicans to enable them to get up some kind of a military force, and to handle the spoils, in order to fulfil the foolish and pre- cipitate pledge they made to furnish men and money to the government for purposes of coercion. Soururen Borper State Coxventions.—The States of Arkansas and North Carolina will hold elections during the present month to de- cide whether or not they shall call conventions to consider the present political crisis with refe- rence to their own self-protection. The Legis- latures of those States have enacted laws ap- plicable to this subject, and for which they can- not be accused of precipitancy or the ex- hibition of a desire to not allow their constituents a full voice in the matter; for they leave the choice to the people, as in Tennessee, to vote “convention or no convention,” and at the same time for dele- gates thereto, should the proposition for a con- vention reccive a majority of the votes cast The wisdom of these laws indicates a strong desire ‘o remain in and obtain their rights in the Union; but it must not be iaferred, as it was erroncously supposed in the late election in Virginia, that the majority of the dele- gates to the convention in that State are for remaining in the Union under all circum- stances. If the Northern States do not give the border States fall and sufficient guarantees for the future, the latter will follow the seced- ed States, and obtain their rights out of the Union. Asn Wrpnrspay.—The season of Lent, as observed by the Catholics and Episcopalians, commences to-day, and appropriate services will be held, as usual, in the churches. The fashionable world is supposed, during the next forty days, to be clothed in eackcluth and ashes. Parties are generally intermitted, receptions aro tabooed and balls prohibited. The Opera and the theatres will profit, however, by this so- cial interregnum. The profane and irreligions majority will still run after the “ Ballo in Mas- ebera” and Booth, while the pious minority are telling their beads and doing penance for their sins. If the politicians, who have brought the country to its present pass, would observe Lent rigorously, and leave the settiemont of the question to the people, things might be alt settled before Easter. That, however, is scarce ly to be expected; while there is # dollar in the federal treasury they will never reicase their hold on it, Tue Texvessre Exectiox.—There is some danger that the republican party may place too much confidence in the results of the late Teu nesswe election. Weare advised trom Wash- ington that this election is stiffening the back- bone of the party—that tt considers the Union secure under “Honest Abe Lincoln,” with the retention of Maryland, Virginia, North Caro lina, Tonnesewe, Kentucky and Miseouri wader our federal goveroment. But let it not be forgotten that most of these States are pledges to sustain the seceded States against the polic, of coercion. ‘The original plan of the Southern confederacy comprehended only the cotior States ; the tobacco State were to riani asa Varrier of protection to the cotton confederacy; a: do they will, if required. Let not this be forgotten by the republicans, if they would retain the border slave States in our Union. Free Love anp PassionaL Arrraorion 1s Tue New Apuristration.-It has been generally supposed that Thurlow Weed had the inside track with old Abe; but the speech of the now President at Indianapolis refers in express terms to Greeley’s favorite theories—free love and passional attraction. It is quite true that Lincoln uses these terms in a figurative man- ner, but it must also be recollected that Hon, Massa Greeley himself has latterly deserted’ his old friends, and declared that he never en- dorsed their peculiar theories. So, after all, as Lincoln and Greeley are in the same boat, + driving up Salt River with Garrison, Phillips & Co. Old Abe is precisely in the position of @ young besr, with his troubles all before him, anda few weeks experience at Wushington will go very far to enlighten him as to the real condition of thing-—a subject upon which he appears just now profoundly ignorant. Secession Bexr—CugaP anp PLenty.—The Colua bus (Mississippi) Southern Republic pub- lisbes the following to show the difference be- tween the prices of beef in the capital of that State and the prices in New York, to wit:— NEW TORK PRICES, : -18c a 200, 80. This does not look as though the peeple of the new Southern confederacy were on the verge of sturvution, when in Mississippi a peund of cotton will get a pound of choice beefsteak, THE JOURNEY OF THE PRESIDENT ELECT. Er. Lineoin at tnd'anapo'ls—Ils Speeches on the Affairs of the Nation—Who Com- prise the Presidential Party— Arrival and speech of Mr. Lincomm at Civewnati, &e., InpiaNarous, Feb. 12, 1861, Last night, previous to Mr. Lincoln's departure from the Bates House, he was azain introduced by the dom. “ol Meredith, Mr, Liccvlu said be had no speech to make. If bh» made speeches whenever bis frieads de- sires, he would not be able to reach the national capital at the app ited tume. Go once more thinked the assom- biage for tho reception, sd trusted wo all might meet again under one flag of one Union. He bade them an affectionate farewell. _ Lik+ the first, the second day of the journey of the President elect is favored by the most beautiful weather Mr. Linccln rose shortly after seven o’ciock, and was ‘soon after called upon by Governor Morton, who escorted him, accordng to proyious arrangement, to the guber- natoria! mansion, to partake of dejeuner. The follow- ing members of the Presicential cortege wero also ine, vited:— . K. Dubios, 0. H. Browning, N. B, Juad, Col. Sumner and Major Hunter, Th entiro arty retuyped to the Bates House at ni A. M., from the balcony of which a brass band had been| playing national airs since sunrise. With daybreak curious groups commonced gatbt in fron: of the hotel, and at the time Mr. Lincoln ma: his appearance every available space in and about the| builcing was as crowdedeas last n gat, and it is likely to remain so until the departure of the centre of attraction. Mra Lincoln and two sons, and Captain George Hue vard, U. 8. A., will join the Presidential party this moray ing. Mrs. Liveoln will arrive at @ quarter to ciever o'clock from the West. Several Hlnois geptiemen who accompanied Mr. Lin com vw this plaée will return home to-day. The party tha will go through to Washington will be composed as fol lows:—Hon. Abraham Lincoln, Mrs. Lincoln and tw» child- ov, B. T. Lincoln, D. W.S. Wallace, Jobu Nicolay, John M Hoy, Ton. N. B. Judd, Hon. David Davis, D. H. Brown ing, Col. F. V. Sumner, Major D. Hunter, Col. E. E. Ella worth, Ward H. Lawson, J. M. Burges, Geo, C. Latham, W. 8. Ward, and Capt. Geo. Hazzard Shortly after ten o'clock, the cries of the thousands it front of the President's hotel for “Old Abe,” became # violent that the object of their curiosity was prevailoc upon to come out on the balcony and speak a few affoc- tionate | arting words, at thé¢onelusioa of which an im mense cheer ross from the audience and continued for some minutes. ‘The President haying bowed himself into his room, the Prince of Rais was catled for, and reluctantly induced « appar, ‘or the first time in his life, before the public, Acpecch was vehemently demanded, but be coufined himeerf @ graceful waving of his hat. In the Preeident’s room a recep:ion meantime tock Place. bs old Dilinois frienss, J. K. Dudois and F. K. Pec't, took hoid of bim in a melo-dramatic manner. They hogsed | im, aod told him to behave himself like a good boy in the White Houeo, and Jastly even cut a lock of hair oi his head, with which they rushed triumphantly out of | i room. At ha'f-pa:t ten @ number of carriages received the Prosident aw party, and carried them to the Unios &., &o, depot. The la-ge building was 80 crammed with people as to render tu: passag (0 the cars possible by the most per sistent oiforte only, The train commenced moving at eloven A. M. precisely. The President stood on the plat form whie it elowly steamod out of the depoi, bowily righ. and Jef: to the cheoring maititude. rs. Linool, and hor children arrived under the escor’ of Barnot Forbes, lisq., of New York, only a few seconds before the train left, and were immediateiy conducted into a special car reserved for their use. Capt. Pogue. U.S. A., aleo joined the Presidential par ty before leaving Indianapo!is. ‘The train consisted of three passenger cars, one o! which was for the exclusive use of the President an¢ suite. Considerable difficulty was at first experienced tr gettin: thy company proporly distributed, as every dy wanted to sit in the same car with the Presideat, but the epergy and skilful management of Messrs. W. J. Wood Henry C. Lord, the Presidont of the road, and F. P. Lord the conductor, soon brought order into the chaos Shortly efter Mr. Lincoln had entered his car, a numer ous committee from Cineinoat!, Covington aud Newport Ky., consisting of both leading republicans and demo ‘crats, was presented to him, Tho chairman, Hoa. D. K Rate, then addressod bim in a fow patriotic remarks, whict be replied with unusual pleasantaces The entire party then took goats, aad Was soon engage in @ lively exchange of witan! humor. Tho President was the merriost among the merry, and kept these around him in a continual roar. Mrs, Lincoln and party were at first alone in their oar riage, bot were :oon joined on the way by sir. Liucolry and a select circle : f ,enuomen. Altocugh very much fatigued by night travel, Mra Linc ip kept | p a spirited conversation during the entic: Journey, Her wo youngost sons attracted general atwu tion by thoir +; rightlinese, One of thom amuseu bio self near'y all ‘he wa, asking outsiders, “ vo you wan to reo Old Abe?” and pornting out some one else. The train moved at the rate of over thirty miw an bour, Mon with Union flags were station covery balf a mic, Every town and village passec wos dewornted. Hundrees and thousands were # sembled at every point, ehouting and waving fags and handkerchiefs as the train swept by. Ooty four stoppages were mado between Indiaaapols and Cia emmpati, duricg each of which Mr. Lincoln was brought & listen to the firing of guns, and vooal and ioatrumente, mnsic ond novor let off without saying sometaing to the wild multitudes before bim, AKRIVAL AT MORKIS, INDIANA, Monurs, fod., Fob 12—1:10 2. M. Tho troin beoring the President, famtiy aod invitee ucets arrived without detentions Large sad enthusiast crowds mesembied at all the stations, The train «tipper and Greensbarg only, where Mr. Liovole at the rene end of the train aud epulo @ at pp words. Fvery pree paay we insure shy relirord © Fingmse aution has been talon by the tr micty of