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4 NEW YORK HERALD. JAMES GORDON BENNETT, EDITOR AND PROPRIETOR, OFFICE N. W. CORNER OF FULTON AND NASSAU STS. a im advance. sent by matt will beatthe 11 ie andor, “Nome tat Dank ble Sarvent ta Nove York ne DAILY AERALD.t10 cent sper covy. $7 per annum. THE WEEKLY HERALD, every Suturaay, at stzoante ‘or $3 per annum; the European Edition W's conte porcorn : BA per anmem 67 part of Great Britain. i part of the Continent Vncludde postage: Ealing o the Lith onl a nach month aaa | ‘or 82 19 per orn ner couy, annus Tih Fails WEKALD, on Watneatay, at four conte Der at pe annem * OLUN TARY CORRESPONDENCE, containing important nave, antelied hom amy, quarter of the world: tf taal will Wherally pard for.” wg OR POURIGN CORRESPONDENTS ARM PARTICULARLY RRQUrsTED anv Pack- IES SENT UP MOT NOTICE taken of anonymous co? eciie tetvry vetected! rommunications betaine! ADVERTISE MEN TS renewed sorted in every day; advertisements ive wexty Herman, Famine HERALD, and in Cason, ' Svranean Kiitions. JOB PRINTING executed with neatness, cheapness and de | sgoten Volume XXVII. AMUSEMENTS THIS EVENING, NIBLO'S GARDEN, Broad —Hts Last Lags—Mows- Mon SD ANKAL LN ENGLA: tux KENTUOKIAN. , WINTER GARDEN, Broadway.—Natap Quaex—MAnginp ,WAULACK'S THEATRE, No. 844 Broadway.—Srexp tmx LAURA KEENE’S THEATRE, Broadway.—Our Amant caw Cousin NEW BOWERY THEATRE, Bowery.—Doxrntgve—Cuze- BY an Falk STAR—A.cu OF THX WOODS. BOWERY THEAT! Bor STK ‘RE, Bowery. ORNEY'S NatiONAL BARNUM'S AMERICAN MUSEUM, road) Kerr—Livinc Hirrororamus, Waate, &c., at ail INA, fern and « vening. BRYANTS’ MINSTRELS, Mechanics’ Hall, 473 Broad- way 0OWN is ULD A-Y-xY. HOOLEY'S MINSTRELS, Stuyvesant Institute, No. 659 jway.—Eraroriax SonGs, Daxcxs. &¢. rm COM Ur MELODEON CONCERT HALL, No. 539 Broa — Sones, Ds Bua.esques, &c.—Houpar ix ps ANCES, CANTERBURY MUSIC HALL, 685 Broadway. Dancas, Busursquns, £c.—-Mazvi, Te Niouy Owen ao. AMERICAN MUSIC HALL, 444 Broad re Ba 2ORRICAN MMO BALL, 4 Bemdrar ~toncs, ORYSTAL PALACE CONC! ALL, - pa ERT HALL, No. 45 Bowery. GAIETIES CONCERT ROOM, 616 B: .—Deawina Room ENTERTAINMENTS, BALLETS, Piicrouisss, Faness! NGS, DANCES, &C.—CousieR's FROLIC. PARISIAN CABINET OF WONDE! = Open dally from 104 M.W OT. ee MS Broadway. NOVELTY MUSI re: BLTY MUSIC HALL, 616 Broadway.—Bunuasqurs New York, Thursday, February 6, 1862. THE SITUATION. Nothing of importance occurred in the Army of the Potomac yesterday. The only exciting event was the assumption of his command by Genera, T. F. Meagher, who, accompanied by General Shields and a brilliant staff, formally took com- and of the Irish Brigade, amidst great enthusiasm ‘nd much rejoicing from officers and men. Gene- eal Shields addressed the troops in most effective terms on the occasion. The Commissioners to the South, Messrs. Fish and Ames, arrived at Fortress Monroe on Tuesday, where they were cordially received by Genera) Wool. A fiag of truce was st once sent to the yebel General Huger, at Craney Island, announcing their arrival, who, it was expected, would forward them to Richmond; but we have the positive au- thority of the Richmond Examiner, in an article which we publish to-day, that the rebel govern- ment will not receive them. The Examiner de- slares their mission insulting, refers to the political satecedents of Mr. Fish asa persistent abolitionist, ‘snd pronounces them both spies. The Dispatch ‘so states that the rebel government has resolved tot to sanction their mission, but will, on the con- wary, exercise @ rigid surveillance over all the yommunications that may be made with the North- tn States. Our news from Tennessee to-day is important. General Grant, with his gunboat expedition from Dsiro, has got up the Tennessee river within four tailes of Fort Henry, the only fortified post of the vebels on that river which presents any formidable features. It will be remembered that Fort Henry fas the subject of a successful reconnoissance of the gunboat Lexington on the 21st ult., when she threw a shell into the works, and fired on three rebel craft lying in the river. The fort returned the fire on that occasion, but the shot fell short. Gen. Grantis new in the vicinity with a strong force, and will undoubtedly reduce the fort. We give to-day a map of the fort and its neighborhood. We publish to-day the long looked for official report of General Beauregard of the battle of Manassas. It is o full and elaborately detailed document, graphically written, and presenting, on the whole, @ fine picture of that memorable con- Gict, as seen from the rebel side. It will, no doubt, be read with intcnse interest, even at this late hour. General Beauregard has left his command at Manassas, as was before stated, probably to take charge of the army at Columbus, Ky. The Rich- mond Dispatch, however, throws some doubt upon the destination of the rebel General; for, in an- Qouncing his defarture on Friday last, it says that he may have gone to Columbus, to New Orleans, or elsewhere. Some doubt is also thrown upon the reports that the firing from the Burnside fleet was heard in the direction of Roanoke Island, from the fact that it {sstated in the Richmond Dispatch that a rebel Steamer, which went down the Sound on Saturday to reconnoitre, reported on her return that no ships of the Burnside fleet were then visible, and it was thought that they had all sailed from Hatte- tas. The probability would thus seem to be that the firing heard was in the direction of Beanfort fnd Newborn rather than Roanoke Island. Our advices from Europe are dated to the 24th of January, and so far as the news relates to the position of American affairs in England and France, it is of an important character. Mr. Massey, member of Parhiament for Salford borough, in England, made an address to his con- stituents on the 21st of January, in which he treat- ed of the American question to tho exclusion of all other topics—even that of reform of Parlia- ont—by their particular desire. Salford is one of the most radical towns in Great Britain, and the audience was,made up almost entirely of cotton operatives, who are now suffering much distress in consequence of the want of that staple. To these men Mr. Massey stated that Eng- Bond’s best policy was an immediate armed inter- YVeution in the affairs of the United States, witha ‘Wow te the raising of the blockade of the Southern ports, and the saving of the workingmen both of England and France from starvation thereby, As | there are twenty-seven thousand cotton facto; y tands completely {dlc fn and arétnd Manchestor, | ped one hundred ond sixty-one “thousand oi)... | NEW YORK HERALD, THURSDAY, FEBRUARY 6, 1862. . working on “short time,” the sentiments of Mr. Massey were loudly applauded. The most important point of the news report is to be found in the fact that the London Times com- ments on this speech and the attitude of the Sal. ford men ina powerful article, in which it con” | demns both, and warns the government of Great Britain against any interference or intervention— armed or politically active—in the affairs of the United States. The writer states that a great pressure will, no doubt, be exerted on the government in favor of the rebels of the South after Parliament meets, but he adds, the true policy of England is to suffer a little longer and let the event in America work itself out, as it will not be long in doing so. ‘It may, indeed, be doubt- ful whether our interference would not rather re- tard than hasten the desired result of opened ports anda large supply of cotton. Let us, then, pur- sue our honest course of standing quite aloof.” Advices from Manchester state that the shorten- ing of the hours of fabor in the factories is gradu- ally extending, and in course of the next week or two the movement promises to become more ex, tensive. France was still inclined towards an active in- tervention, but there is little doubt that the altered tone of the London organ ‘will have much influence in directing the mind of Napoleon in the opposite direction. Lord John Russell's letter to the Liverpool Ship- owners’ Association on the subject of the block- ing up of Charleston harbor—which was mentioned by the Africa—is published in extenso in the HERALD to-day. A Charleston vessel, freighted with spirits of tarpentine, had arrived in the Mersey. She ran the blockade, and her captain has asserted in England that the sinking of the whalers in the channel will improve the entrance to the port, the obstruction causing it to deepen through the action of the tides. The allied treaty against Mexico had been re- vised by the addition of a sort of rider, attached to it by agreement between Admiral Rubalcaba, the naval Commander of Spain, and the captain of the French frigate Foudre. By this Spain con- sents that France shall take the lead in an advance on Mexico City, which the troops of Napoleon will hold, perhaps for some years, in order to restore peace to the country. The London Times says England will not object to such @ movement, as she has no desire to “uphold the Monroe doctrine.” CONGRESS. In the Senate yesterday, the resolution offered some time since by Mr. Carlile, of Virginia, rela- tive to the finances of the country, was referred to the Financial Committee. The West Point Aca- demy Appropriation bill was passed without amendment. A resolution calling on the President for the recent correspondence regarding the pre- sentation of American citizens at the Court of France was adopted. The bill defining the pay and emoluments of officers of the army was taken up, and the amendments of the Military Committee adopted. Mr. Sherman, of Ohio, called for the reading of the ninth section, which reduces the salaries of officers and all persons employed in the army and navy and civil service ten per cent during the rebellion. He said if that was all the re- duction Congress was willing to make he would acquiesce. But this would preserve all the ine. qualities of the old system of compensation now fixed by a hundred different bills. He thought if this bill should be passed these inequalities would be fixed, and the old system of mileage kept in force. We should now take in hand a general sys- tem of reduction and retrenchment in our expenses, The estimates for the expenses of the next fiscal year were five hundred and fifty millions of dollars and we know that this will be increascd by various bills. Thisis five times the currency of the coun- try, three times more than the coin in the coun- try, and more than the expenses of Great Britain during the war with Napoleon. At this poiut of the proceedings the bill was laid aside, and the consideration of the resolution relative to the ex. pulsion of Senator Bright was resumed. After de- bate, anda speech by Mr. Bright in his defence, the resolution of expulsion was adopted by a vote of thirty-two to fourtéen. The House of Representatives was occupied in discussing the Treasury Note bill. Our readers are referred to our report of the Congressional proceedings for the speeches delivered ou the sub- jeet. The House will probably come to a vote on the bill before the close of the present week. MISCELLANEOUS NEWS. By the arrival of the Nova Scotian at Portland, and Hansa and City of Baltimore at New York, yesterday, we have news from Enrope dated to the 24th of January—five days later, Prince Nay vlcon was serionsly ill in Paris on the 23d ult. : The Liverpool cotton market was dull on the 24th ult. at a decline ranging from one-fourth to one-half of a penny. The fall was greatest on the lower descriptions of the staple. Breadstuffs had declined slightly, and the Liverpool market closed heavy on the 24th of January. Consola closed in London on the 24th uit. at 9274 a 93 for money, The French budget for 1863 was published. The estimate exceeds that for 1862 by fourteen millions of dollars. There is an apparent advanced expendi- ture for the army and navy; but the Minister of Finance asserts that these two arms of the service will in reality cost less in 1863 than in 1862. He proposes, however, an in- creased taxation of the people by a levy of more heavy government dues on horses and oprriages kept for pleasure, in the registration of deeds, and the stamp duties. The London Zimee says that France is about to diminish her military force, and that her industrial progress will be very rapid in consequence. Austria was about to remonatrate with the other great Powers on the continued alarm evoked by the condition of Piedmont. The Queen of Spain and the Princess Clothilde, wife of Prince Napoleon, are reported as being enceinte. The Czar of Russia had announced an angmenta- tion of the public taxes. Our correspondent in Port au Prince, writing on h ult., states that the news of tie surrender on and Slidell was received with much joy »ple of Hayti., Secretary Seward’s policy ngland puta stop to the operations of ® gang of financial and commercial speculators who had worked steadily for an advance on the strength of the probability of a war, Enropean vessels kept the market bare of coffee. The ship- ments to the United States were very limited. ‘The political horizon of the republic was calm, A batch of the persons engaged in the late con- spiracy against the government were on trial, and some few of thom would be shot, without doubt. In the Senate of our State Legislature yesterday, anumber of bills were reported upon from the committees, and several new ongs were introdaced, The Assembly also trapsacted 9 considerable amount of business; but want of space prevents our referring to the various subjects in detail. Five fall companies of recrnits for the Twelfth | New York Volunteers left this city yesterday, b; the Amboy ronte, to join the regiment, now sta- were recruited principally from the Twelfth regi- | commended by the Executir ment of State militia. We learned at the Marshal's office yesterday evening that a telegraphic despatch had been re- ceived in town from ex-Judge Dean, stating that Captain Gordon had been reprieved for two weeks. The United States District Attorney had not re- ceived any official notification; but he informed our reporter that he had no doubt of the accuracy of the report. Judge Dean has been in Washington for some weeks past, using the most strenuous ef- forts to obtain for the unfortunate man @ commuta- tion of his sentence. The sleighing was kept up yesterday with quite as much enthusiasm as on the three previous days Private sleighs, livery sleighs, stage eleighs, busi-. ness sleighs and juvenile sleighs were the order throughout the entire twenty-four hours, and quite @ number of not very serious accidents were occa- sioned by the reckless manner in which these ve- hicles dashed through the streets. Some stringent regulations should be enforced to prevent this rapid driving through our crowded thoroughfares at least, if not in the less frequented avenues. A regular meeting of the Board of Education was held last evening, when a resolution was adopted to memorialize the State Legislature to donate the sum of one hundred thousand dollars for the purpose of erecting a fireproof building for a library for the Free Academy. A resolution was also adopted authorizing the Executive Committee on Free Academy to insure the library, museum and gallery, and to keep them insured. -The sum of two hundred dollars was appropriated to the Committee on Heating and Ventilating for the purpose of inquiring into the best means ef heating and ventilating the schools. No business of public importance was transacted by the Commissioners of Emigration yesterday. From the weekly statement it appears that the number of emigrants who arrived here during the week ending on the Sth inst. was 202, making a total of 1,574 during the present year, against 2,765 up to the same date last year. The number of in- mates remaining on Ward’s Island is 798, The balance remaining in the bank to the credit of the Commissioners is $3,544 38. Several witnesses were examined yesterday by the Legislative Contract Investigating Committce, Some decidedly rich revelations were made, it is said, which, when published, will likely startle the weak nerves of our contractingly disposed brethren. The committee will conclude their labors to-day for the present, as they leave for Albany this evening. The market for beef cattle has been irregular, owing to irregular delivery of the cattle during the week or so past,and with a moderate demand prices have scarcely been sustained. The sales yesterday were effected chiefly at 5%4c. a 8%e., but prime grades brought as high as 9%{c. and in some instances 94c. a 10c. per pound—an advance of about 50c. per head. Cows wero dull and unchanged. Veal calves sold to a fair extent atdc. a 6c.a634c. Sheep and lambs were tolera- bly active at from $3 25 a $4 50 a $7 50 for poor to good and prime. Swine were plenty, in mode- rate request, and a shade lower, ranging from 334c. to 3%c. for corn fed, and 294c. a 3c. for still fed. The total receipts were 4,723 beef cattle, cows, 348 veals, 5,717 sheep and lambs, and 27,820 swine, ‘The sales of cotton yesterday embraced about 15 bales, chiefly to apinners, including some lots imported from Liverpool, on the basis of 30c.a8lc. for midaling uplands. ihe government public sale of Sea Island vetton tame off yosterday, under the direction of Mr. Parncy, the Collestor of the port. The sale was conducied by Messrs. Burdett, Jones &fo. It drew a good and spirited company, and liberal prices were obtained. sixty-six baies were bought by W. D. Maltbio & Co., cotton bro- kers, at 50c. per !b.; thirty-one do. by Mr. Taber, do., at G4e.; Bfty do. by Mr. Lewin, do., at 5334 : E. C, Wileon, at 52c.; nine do. by Truesdale & (io., do., at 88\¢., and four do. by C. A. Bangs & Co., at 68c., all for cash, Flour, under the nows, was active and higher, and closed at an advance of full 5c. a 10c. per bbl., mostly at the latter figure for common and medium brands. ‘Wheat was firmer, but not active; the light stock and firmness of holdera tended to check sales, Corn was a trifle firmer, but not active. Fork was unchanged, and sales moderate. Sugars were steady, with sales of 212 hhds. Cubaa and 100 do. Porto Ricos. Coffee was quiet and prices steady. Pepper was active, with sales of 3,000 a 4,000 Dags, At 19¢. a 1930. Petroleum has become quite a large article of trade; the bark Flight, for Liverpool, was loaded with 2,500 bbis. refined at private terms, and a vessel up for London bad 2,000 bbls. engagod, Freights were irrogular, while engsgoments wore to a fair extent. Conspiracy im Congress to Destroy the Union. The time has come to warn the Congress of the United States to beware how they continue to thwart the administration, obstruct the plans of the Commander-in-Chief, and disappoint the wishes of the people, by neglecting, by proper legistation, to provide for the naval, military, and financial wants of the country. The indig- nation of the people is becoming almost uncon- trollable at the manifest symptoms that are exhibited, from day to day, of a predetermin- ed purpose on the part of the radical fac- tion at the Capitol to oppose, actively if pos- sible, by sullen, dogged vis inerti at any rate, the efforts that are being made to restore the integrity of the Union, The bitterly incensed feeling in the army at the base Ingratitude which has been manifested towards our gallant soldiers, and the want of appreciation of the joned at Upton's Mill, Virginia. These companies unparalleled industry and heroic exertions that have been made by General McClellan, is reach ing a point that may soon become alarming. Let Congress take heed. Colonel Richardson- of Illinois has already thundered into the ears ofthe House of Representatives the dangers that may evolve from creating irritating and unpatriotic issues with our troops, and has hinted bow the slanders that are daily vomited forth by the Greeleys, Gurleys, Chandlers, Wil- kinsons, Garrisons, Conklings and Hales of the nation may unexpectedly be punished. That there is a powerful, treacherous clique in Wash- ington, which prefers the permanent division of the United States into two confederacies to @ return of the South to its allegiance, under the guarantees provided by the constitution, cannot be questioned, and the iniquitous machi- nations-of those who compose it have reached the last limits of forbearance. The news just received from Europe con- firms the conviction that has been acquiring strength for a considerable period, that foreign Powers are gradually resolving to break the blockade of the Southern coast. In view of such a contingency, and of the imminent peril that has lately existed of a war with Great Britain, the most pressing necessity is felt for the increase of our navy, and the prompt adop- tion of measures for the defence of our seacoast. Yet the Committee on Naval Affairs of the United States Senate, of which Mr. Hale is un- fortunately the Chairman, delayed reporting on the bill which passed the House, some weeks ago, for the construction of iron-clad vessels, until day before yesterday. And then, how was the subject presented to the Senate? So lukewarmly, 80 inefficiently. with « ideut a resolve to cheat the public by an app doing something, while really pos! poning ection for an indefinite period, that one might suspect the committee of being under the immediate control of Lord Lyons, instead of being in- fluenced by President Lincoln and the Secre- tavies of War and of the Navy. Mr. Hale ac- knowledged that the boats wore etrongly ro- nce of by Mr. Stanton, and Senator Grimes eaid that the Secretary of the Navy had been to him a dozen times to urge the passage of the measure; yet the gross ignorance and stupid partisanship of Mr. Morrill of Maine was permitted to over- rule the wants of the country, and a motion of Mr. Clark of New Hampshire to recommit the bill was quietly acquiesced in! This is simply monstrous. There is no conceivable palliation for such want of patriotism and promptitude nor can it be explained in any manner credit- able to the majority in the Senate, and tho Naval Committee. Day by day, the country has been looking for immediate action on the part of Congress in relation to the embarrassed slate of our na- tional finances. “Immediate action,” urges Mr. Chase, “is of great importance. The Treasury is nearly empty. I have been obliged to draw for the last instalment of the November loan. So soon as it is paid, I fear that the banks, generally, will refuse to receive the United States Treasury notes.” Mayor Op- dyke represented the whole enlightened sonti- ment of the North when he wrote:—“ Unless the heavy floating debt of the government shall be paid with reasonable promptitude, and its rapidly accruing liabilities provided for, it will soon be found difficult to obtain supplies for the army at any price. Every day’s delay is attended with grave danger to the public credit.” In face of these terrible facts, well known, thoroughly understood, by every mem- ber of Congress, Mr. Morrill of Vermont, the chairman of the sub-committee on the tariff, of the Committee of Ways and Means of the House, ventured to set himself in opposition to the entire public sentiment of the North, by decrying Mr. Spaulding’s Currency bill in a manner calculated to postpone legislation on the subject for another week. Mr. Roscoe L. Conk- ling followed him in a tirade against the mea- sure; an irresponsible, malicious outpouring of venom against the head of the army, and a shallow, worthless substitute of which the clear purpose also is to delay legislation, and plunge the administration into a situation of inextri- cable embarrassment. The fact cannot be too strenuously enlarged upon that the blatant tribe of abolitionist war- riors, who have themselves omitted no opportu- nity of attacking President Lincoln and General McClellan for want of vigor in the prosecution of the war, have been the very individuals who have most resolutely persisted in refusing to vote the means for carrying on hostilities. In order to indulge in personal or fana- tical malice, they have persevered in leaving the country without defence, in case of such complications with European Powers, as have ceaselessly been threatening us ever since the meeting of Congress. But for Hale and his colleagues, iron ships, according to his own ac- knowledgment, might have been already far advanced in process of construction. But for Messrs. Morrill, Stevens, Conkling and their associates, the finances of the nation would now be established upon a firm and secure basis, and the consternation that prevails in monetary circles would long ago bave been dissipated. Congressional agitators’are wholly responeible for the major part of the obstacles to a success- ful prosecution of the war, and it is impossible to avoid the conclusion that their purpose is predetermined to prevent a re-establishment of the authority of the constitution over the whole land ; to force an acknowledgment of the inde- pendence of a Southern confederacy ; and to place North America, for all future time, under the tutelage of foreign Powers, hostile to our institutions and envious of our greatness. Again we repeat, let Congress beware, for the people are weary and disgusted with its tergiversa- tions; and in the fearful crisis in which the country is involved, an emergency is far from impossible, which will justify the Exécutive in acting without the Senate and House of Repre- gentatives, and adopting, in measures of finance and defence, such measures as the exigency of the case demands, relying upon a future and more enlightened Congress to justify and legal- ze its acts. Tre Was Street Banxs Working AGaixst tun Governwent.—The whole country praised the patriotism of the Wall street bankers when they patriotically took from one hundred fo one hundred and fifty millions of the pepnlar loan at over pn pér cent interest. The se- cret of that immense burst of pecuniary patriot” ism is now revealed, however; for it appears that some of the leading Wall strect bankers figure largely in the recent swindling opera- tions, by which shoddy vessels and high priced whale ships were foisted upon the goveriuent, and about thirty per cent net profits were made by the bankers concerned. To lend money at over seven per cent interest, and receive it back again almost directly for bogus articles, with thirty per cent profit, may not be patriotic, but it certainly is sharp practice on the bankers’ part. But why do the banks, controlled by these Wall street contractors, oppose the Trea- sury Note bill, soon, we hope, to bo passed by Congress? Because, out of an expenditure of two hundred millions of dollars, they and other contractors have netted the round sum of fifty millions; and, as government will probably ex- pend eight hundred millions before the war closes, they expect to pocket at least two hun- dred millions altogether. Now the government, having at its control all the industry of the country, proposes to manage its own banking business also—which it can very well do—and 80 save some of this two hundred millions for itself; and, therefore, the question is whether the government or the banks shall lose. Of course the Wall street bankers are in favor of their banks; but we think that Congress, the people and the country will decide im favor of the government. We shall see. Gen. Hunter having decided to assume com- | mand of the Southwestern overland expedition, Gen. Jim Lane refuses to accept a subordinate | position, and has taken the hack track for Wash- | ington and the Senate. This move is character. | _lstie of the abolitionists, who cry mightily for bloody battles, and are, indeed, the cause of this war, but who either avoid the emy altogether | or agree to juin It only upon condition of hay ing chief command. ‘The rank of a high private is great enough fo: rine Union man ; but. for sooth, Gen.Jim Lane, although alroady a Briga dier, must have an entire expedition to himeelf, or be will not fight. Let the Senate, then, pass Suniner’s bill creating Commissioners to Libe- rio and Hayti, and let Jim Lane be appointed | to one place and Greeley to the other, Both | love the niggers, not wisely, but too well; both refuse to fight; let both be sent where niggers axe inevitable, and they may associate with, Cuffea eternally. tand | Five Days Later from Europe-Gloomy Aspect of American Affairs, Now that we have this rebellion within our grasp we must atifle it without unnecessary los of time, or, according to our five days later advices from Europe, which we publish this morning, we shall have before long the addi- tional burdens and trials of a war with England and France upon our hands. The decline in cotton reported by this arrival, and the upward tendency of breadstuffs in England, do not justify any very flattering interpretation of the pacific recommendations of the London Times. Moreover, the Times, in this connection, has a very suspicious allu- sion to the interference of France (“let France interfere if she likes’), which more than neu- tralizes its recommendation that England, yet a little longer, shall “stand quite aloof.” The city article of the same journal says that in London “an uneasy feeling prevails;” that “the avoidance of complications in connection with American affairs cannot be permanently anticipated,” and that “this feeling will pro- hab!y inoreago until the meeting of the French Chambers on Monday (last Monday week, we suppose), at which some indications of tho policy to be adopted by France, England or Europe generally seem to be looked for.” We have here, no doubt, an authorized hint of some impending new move on the Buropean’ chessboard in regard to American affairs. Lords Palmerston and Russell, having burned their fingers in the Trent affair, are constrainéd to stand back, and Louis Napoleon is next to try the initiative of intervention against us and in behalf of the spurious confederacy of Davis and his associate conspirators. In this connec- tion we can understand somewhat the sugges- tion of the London Times to “let France inter- fere if she likes.” It is s nice game between England and France. Each evidently is afraid to trust the other as a follower in a war against the United States, and.each is thus manipulat- ing and manouvring to get the other first in- volved in this imbroglio. In this thing may lie our safety; but so strong are the designs and the desires of the British aristocracy to break up this Union of ours that the British government may still be entrapped into the experiment to serve the European designs of Napoleon. The alleged inefficiency of our Southern blockade, with raw cotton as high as sixty cents a pound in Liverpool, and with English goods commanding eight and ten times their peace prices in our revolted States, and especially our stone fleet blockade of Charleston harbor, will form the next casus belli against us. How else are we to understand the fierce tirades on this subject which are so actively kept up by the ministerial journals of London and Paris? In this connection it is somewhat remarkable that the most serious obstruction at this day to the passage of our ships up to Savannah is a shoal caused by the hulks of three or four stone vessels sunk by the British during England's war of 1776 against her revolted American colonies. This, however, we presume, will be discarded by Lords Palmerston and Russell as @ precedent of barbarism unworthy the civili- zation, and the cotton and “the common rights of mankind” of the nineteenth century. At all events, in the news before us, the men- acing attitude of France, and the graciously consenting attitude of England, admonish us to push forward without delay the work of putting down this rebellion. We have everything now in readiness for a succession of such heavy blows against Jeff. Davis as will speedily si- lence these European threats of clamorous appeals for armed intervention. On another point, the city article of the London Herald saya that “the accounts from America are of the most desponding character, and that the com- mercial situation of New York is unparalleled” — meaning, no doubt, as a bad and desponding situation. Let Congress act upon this‘hint with renewed energy in the work of securing us a healthy financial system for the inordinate de- mands of this war, and New York will soon arise and relieve herself from this “desponding situation.” In conclusion, we earnestly submit to the President and his Cabinet, to Congress, the army and the country, some serious attention to this European news, and to all the measures of self defence which gre thus suggested. We can no longer afford to play with this rebellion as a cat plays with a mouse; for thus we may bring down upon us the intervention of France and England, and involve all the civilized world in awar, the end of which it would be idle to con- jecture. Tue Firw or “Lrrrex Viniains” axp Tue Ivpicraest ror Bruwery.-We published yea- terday in full a copy of the indictment found against James B. Taylor for attempting to bribe Alderman Dayton, in order to sway his vote in the case of the Gansevoort property, which Taylor desired to sell to the Corporation at a handsome profit. The indictment recites that said Taylor, on the 10th day of November, 1861, in the Board of Aldermen, “with force and arms, wilfully, unlawfully and corruptly, did offer to one Isaac Dayton, a member of the Common Council, with intent to influence his action, a sum of money—to wit: the sum of five thousand dollars.” The object of the bribe is stated in the indictment to be to induce Dayton to vote for the purchase of the Gansevoort property, “for the uses and purposes of a pub- lic market.” This indictment is founded upon the affidavit of Alderman Dayton, who swears that “he had been approached by James B. Taylor, the alleged owner of the property known as the Fort Gansevoort property, with an offer of money, as a reward or compensation for his vote and influence in promoting, in his official capacity, the purchase by the city of New York from the said James B. Taylor of the said Fort Gansevoort property.” Instead of demanding an examination before a magistrate, Taylor gave bail to the indictment, and made an affilavit, in which he not only denies that he ever offered Dayton any money, but, on the contrary, asserts that Dayton approached him about the time the special committee was ap- pointed on the subject of the purchase of the Gansevoort property, and said “the passage of the measure depende’ much on the manner of drawing the report; that he (Dayton) could draw it better than any other person;” that Dayton called on deponent again, and after cenversing about this property said he had neglected bis business by his attendance at the Board of Aldermen; that he had been corapelled to uso some trust junds, and that be wanted to raise a loan to meet his necesities; whereupon the innocent and immaculate Taylor said “he had no money on hand.” From these documents it is very evident that there were jobbing and corruption. That is ad- mitted by both parties, who try to shift the charge from one to another. It is evident, too, that jobbing is in the line of Taylor's business, He is the principal financial man in the co- partnership of the Times; and while he attends to such jobs as the Gansevoort property, the West Washington Market, to twenty-five thou- sand dollars worth of Corporation printing fand the rich placers in the Albany lobby, for the mining of which the organization in the Assem- bly by his partner, Speaker Raymond, has af- forded him peculiar facilities, the “Little Vil- lain” himself is on the scent of the New York Senatorship in Congress, for which there will soon be an election; and, accordingly, in order to conciliate Mr. Seward and his interest, he brings him out in his journal as a candidate for the next Presidency, knowing that Mr. Seward was cheated out of the nomination at Chioage by the accomplices of Raymond & Co, Such is the beautiful arrangement by whiok one partner uses this jobbing journal to contro! all the jobs of the Albany lobby and the New York Corporation, while the other aspires through the same instrumentality, to represent the State in the United States Senate. Thus do the financier and the politician 80 manage their pure little sheet that they mutually pro- thote each other’s patriotic designs. One is after money, like Shyleek, and the other bab- bles, like Thersites, to reach an office. Fremont Tatkep or For AnorHer Com- MAND.—That abolition organ, the Tribune, urged, yesterday, that General Fremont should be ap- pointed to another command. Well, we have no doubt that a new command would be a very nice thing for Fremont and his abolition fried@e provided that, as in Missouri, he did no fight- ing; wasat liberty to surround himself with » picked gang of returned Californians; could sell muskets and carbines cheap, and repur- chase them at a large advance; might buy shoddy blankets, trade in horses and mules four or five times resold, and make contracts for great fortifications; was indulged in a body guard, five or six private carriages, a private steamboat and a private band of musicians, all for the protection, comfort and delectation of himself and his military family, and was per- mitted to play the dictator and issue what pre- clamations he pleased. With these acceasse- ties Fremont might make a splendid genoral; and, above all, he will please his abolition ed- mirers if he can have control of another ten millions of dollars of the government funds— provided the Treasury holds that amount whem he assumes his new command, NEWS FROM WASHINGTON. Expulsion of Senator Bright, of In- diana, from the Senate. Important Debate in the House on the Financial Measures. Urgent Necessity for the Passage of the Treasury Note Bill. Circular from Gen. Meigs Relative to Army Contracts. The Great Party at the White House, ke Ken ke. Wasaixaton, Fob. 6, 1862. THE NATIONAL FINANCES. ‘The sub-committee of Ways and Means have prepared rough draft of the new tax bill, which willat once be printed for private use,and to be laid before the fuli committee for their final action. A few days only wil) elapse before it will bo matured and reported to the House ‘The Secretary of the Treasury to-day addressed another letter to Representative Spaulding, urging immediate ae- tion on the Treasury Note bill, but several more speeches: will be made previous to voting upon the pending amond- ments. It is probable that a final vote will be taken te- morrow. Arti tshave been mado by the oppo- nents of the bill to form a substitute therefor, by consolt- dating the leading features in the propositions already submitted by Mossrs. Morrill, of Vermont, Vallandigham and Roscoe Conkling. EXPULSION OF MR. BRIGHT FROM THE SENATE. ‘The Bright case was unexpectodly brought to a concla- sion today, The expected speeches were omitted, and after a brief speech from Mr, hs the yote was taken and Jesse Db. Bright was formally expelled fram the, Senate of the United States. To the last he wore am air of defiance. After concluding his remarks ho retired from the chamber. The Senate was crowded with mom- bers of the House and others entitled to the privilege or thé floor, The galleries were crowded to suffocation. The dotails of the proceedings—as will be found in the official report—were very intoresting. Just as the vote was about to be taken the gaslights over theSenate cham. ber were lighted, and tho result of the vote called forth a burst of applause from the galleries, which was, how- over, immediately supprossed. Mr. Bright, of course, did not vote, and Mr. Lane, of Kansas, was the only absentes. THE QUARTERMASTER’S DEPARTMENT. Quartermaster General Meigs has addressed a ciroulat tall officers of his department. It appears, he says? that @ memorandum of rates of transportation by rail road sent to some of the principal quartermasters in- tended by the War Department to be used as a guide in settling accounts, as @limit beyond which no payments would be allowed in any case, has been by some officers misunderstood, and considered as fixing ® governmons tariff of rates to be paid in all cases. They are thorefore advised that it is the duty of every quartermaster as of ‘every officer of the government, in making contracts for sorvices or materials, and in making purchases, to make them at the lowest attainable rates. In no case should the government pay higher rates than an individual or # cor- poration for the same services or the same materials. Any quartermaster who allows through freights to be charged as local freights at higher rates than are ord} narily paid on goods sent over long distances, violates his duty. The rates for transportation for passengers, specified in the tariff above referred to, were, at the time of preparation, understood to be one-third below the ordinary rates upon raliroads inthe Middle States, On Western railroads freight and passenger charges are generally at lower rates that in the Middle States, and that which would be a fair compensation to # read in the mountains of the Fast would be a very high rate over the easy grades of the cheaply constructed railroads o the prairie country. In addition to the regulation fo quartormastera’ departments, the attention of the newly appointed quartermasters is especially called to article eleven, page 147, of the revised regulations of the army» in regard to publi property, money and accounts, Many of the regulations in this articlo are literal transcripts from the lawa of Congress, Paragraph 104, in regard to giving public notice of all purchases and contracts, where an immediate delivery ie not required by @ public oxigency. ig in the words of the law. A careful adherence to these regulations will guide the publie officers and protect the ‘Treasury against imposition. THE MILITARY APPOINTMENTS. Tam requested to state that the list of military officers in to-day’s Pribune, reported to have been confirmed by the Sonate on tho 4th inst., {snot true, But one or two confirmations were made on that day, and none have bees made to-day, A large proportion of the names in the list referred to have not yet been acted upon, and those that have been confirmed are not important, but inferior officers in rank, THR ARMY. * Major W.F. Camp, Paymaster, recently stationed a6 Fortress Montross, has been ordered to report for duty to si SSCA ICTS INS Ah a