The New York Herald Newspaper, February 10, 1862, Page 4

‘NEW YORK HERALD. JAMES GORDON BENNETT, EDIMOR AND PROPRIETOR, OFFICE N. W. CORNER OF FULTON AND NASSAU STS, TERME cash in advance. Money sent by mait will Beatthe sishe/ the omer, "None tut Bank bills current tn New Ford MBE DAILY HERALD.two cent sper copy. $7 per anniem. Volume XXVIII. AMUSEMENTS THIS EVENING, ACADEMY OF MUSIQ, Irving place,—Iratian Orgna— La Somnamauia, NIBLO'S GARDEN, Broadway.—Hamcrr, oa GARDEN, Broadway.—Ssxtous Faxtry—Naup WALLACK’S THEATRE, No. 844 Broadway.—Srxzp tax Proves. LAURA KEENE'S THEATRE, \dway. «& e ate Broadway.—Ocr Augni- ‘ arses NEW BOWERY THEATRE, Bowery.—Eigraquane— Pioxut Guamv—YankBe Jack. pheiasete ‘BOWERY THEATRE, Bowery.—Sticexer's Nationat ‘Cincos. BPetirjee slrroronanes, Wasnn do, wa Hirrororamvs, a : n MALE, SRYANTS’ MINSTRELS, Mechanics’ Hall, 472 Broad. ‘way.—Down 1x ULp K-¥-KY, ‘ HOOLEY’S MINSTRELS, Stuyvesant Institute, No. 659 Brosdway—Eraioriax Sones, Daxcxs. 4. MELODEON CONCERT HALL, No. 539 Broadway.— Bones, Daxoxs, Bouussaues, £c.—HouiDay ix Ineias. CANTERBURY MUSIC HALL, 685 Broadway.—So Dances, BuRLESQUES, &c.—MazuLM, tux Nigut San eg GAIETIES CONCERT ROOM, 616 Broadway.—-Dna' Room Exrenrainaants, Baliets, Paxrowians, Faucnsy 80. AMERICAN MUSIC HALL, 444 Broadway.—Songs, Bat- ‘Lurs, Pantomimes, &¢.—loRtRaIT PainTER. COM pure CRYSTAL PALACE CONCERT HALL, No. 45 Bowery.— Burixsques, Sones, Dances, &6.—Consixe's FROLic. PARISIAN CABINET OF WOND) Broadway.— Operdsily trom WA SUL sti NOVELTY MUSIC HALL, 616 Broadway,—Bonzes: Bones, Daxces, £0. a accented COOPER INSTITUTE.—Dr. Cotrox's Exntnition oF Tax Lavamine Gas, AND MUSIC BY Tux NATIONAL BAND OF Tax Sevexta REGIMENT. jew York, Monday, February 10, 1862. THE SITUATION. The intelligence which we receive every day from the different sections of our military and naval commands confirms our confidence in the sagacity Of the plans laid down by General McClellan, of which the victory at Mill Springs, the capture of Fort gHenry, and the latest action at Roanoke Island area part. To carry out these plans suc- cessfully we needed a thoroughly trained and dis- ciplined army, and this the commanding General bas now at his disposal, thanks to the patient at- tention he has given to the organization of the troops, and the appointment of competent officers to command them. Discipline has imparted confi- dence to the men, and success will undoubtedly follow success until the final consummation ef the campaign is reached. The last news of importance comes from the Burnside expedition. Intelligence has reached us of the commence- ment of an attack on Roanoke Island by Commo- dore Goldsborough, of the navy, on the morn- ing of Friday, the 7th inst. The account comes through Norfolk and Fortress Monroe, and is from the rebel General Huger, command- ing at Norfolk. He reports that the Union forces had been twice repulsed, but that fighting was going on when the courier left. Now, as the sttack upon Roanoke Island was to have been made by the Union gunboats, and a portion of our troops were only to be landed after the batteries had been silenced, we do not see how there could have been a repulse of our forces. ‘The gunboats were all afloat and could not be re- pulsed by the forts if the fight was going on at the last accounts, as the despatch states, The probability is that we shall, to-day or to- morrow, hear of the capture of the island, although the rebels have made immense exertions to save it. They have thrown up five forts, with an intrenched camp in the centre, and have garrisoned their works with 5,000 troops. They have the west side of the island and the eastern side of the mainland defended by heavy ordnance, in order to prevent the passage of our gunboats through Croa- tan Sound—the only communication for vessela with Albemarle Sound. But there is. no doubt. that we shall soon have news of their being shelled ‘out, as the gunboats of the Union expedition, ‘umbering seventeen, are most powerfully armed. Among other weapons we might mention a dozen 9-inch guns, two 10¢-pounder rifled guns, three or four 80-pounders and a number of 8-inch shell and 32-pounders. We publish in another column full particulars of the attack, as far as it has progressed, with a map desig- nating the various localities. The capture of Roanoke Island will be very important, for it com mands all the water communication along the whole North Carolina coast, as well as of a portion of South Eastern Virginia, thus enabling us to cut off ail supplies by water from Norfolk; so that here- after, and until the rebels can recapture Roanoke Island, they will be compelled to get their supplies entirely by land. Although no official reporta reached Washington yesterday from General Burnside, or from our Generals in Tennessee and Kentucky, the War and Navy Departments expect to hear to-day not only of the capture of Roanoke Island, but of Fort Donelson, on the Cumberland river. A despatch to the Cincinnati Commercial gives some important iaformation relative to the move- ments of Gen. Thomas’ division in Kentucky, for which we were not unprepared. It appears that Gen. Thomas is about to invade East Tennessee at three different points simultaneously. Gen. Carter is to go through Cumberland Gap; Gen. Schoopif fs to advance by the central route, and Gen. Thomas, with McCooke’s and Manson's brigades will cross at Mill Springs, the scene of the late victory. They will immediately march on Knox- ville, and if successful, will take possession of the railroad, thus cutting off communication between the rebel army in the West, and the seat of the re- bel government at Richmond. We give to-day some very interesting particulars of the late affair at Sandy Hook, Md., under Col. Geary’s command—which took place on Thursday ‘ast—from our own correspondent. It will be seen that the gross violation of a flag of truce, perpe- trated by the rebels has been desperately avenged. The rebel troops in their retreat from Fort Henry were said to have proceeded to Paris, in Henry county, Tennessee, twenty miles west of Port Henry, and a few miles from the Tennessee tiyens It is the present northern termiaus of the NEW YORK HERALD, MONDAY, FEBRUARY 10, 1862. Memphis and Ohio Railroad, and its importance cousists in the fact that it communicates by rail- road with the Columbus and Mississippi Railroad, which is the chief line of communication of Gene- ral Polk at Columbus. It is stated that this point is strongly fortified. The Union gunboats, ascend- ing the Tennessee river, could land troops within afew miles of Paris, when our troops would be virtually in the rear of Columbus. But it appears, from later intelligence received at Norfolk, that the flying rebels have not taken position at Paris, but have gone to Fort Donelson, which is threaten- ed by the Union forces under General Grant. Our news from Missouri is most favorable. The rebel General Price, now near Springfield, is said to haye harangued his troops, stating that they were surrounded, and should decide either to surrender or fight. They resolved to fight. Our Generals are pressing forward with great rapidity. Sigel and Asboth’s divisions have reached Lebanon, while Major Wright’s cavalry have advanced thirteen miles west of that point. The brigade of General Davis was reported to be crossing the Osage river on Wednesday, and the advanced guard was ex- pected to join Generals Sigel and Asboth at Lebanon on the following day. Price may thus fee) that his position is-a critical one. We publish in to-day’s Heraup another inte” resting selection of news from late Southern papers, An order has been issued by the Secre- tary of Warof the bogus confederacy, instructing military commanders to impress all saltpetre now or hereafter to be found in their several districts, paying forty cents a pound, and no more. The Toronto Leader, of the 5th instant, notices the commencement of an exchange of military men between the United States and the English army authorities in Canada, which promises to be very profitable—if continued— to the Union cause. On the 2d instant an American recruiting officer crossed over the Suspension bridge at Niagara Falls in order to arrest a deserter from our force. He had the man in custody when the fugitive protested in loud tones, attracted a crowd and was rescued by the genius of ‘‘universal emancipation” to British free- dom. Immediately afterwards a non-commissioned officer and private of the Queen’s Thirtieth regi- ment of infantry faced to tle American side, walked over the bridge, enlisted in the American army and were sent off to Buffalo for enrollment: It will be seen from this that the Union gained man for man, with one man over; not to speak of the superior drill and discipline of the men of the Thir- tieth English infantry. Perhaps the proportion will be increased if England gets into a war with us. MISCELLANEOUS NEWS. Our correspondent in San Domingo city fur- nishes a very interesting and lively letter on the position of affairs in the Dominican territory, dated on the 13th of January. The republic was virtually dead, and the island was openly presented to the world as a Spanish province, rnled by General Santana, the late President, but now the com- missioned Captain-General of Queen Isabella the Second. None of the great Powers had, for so far, recognized the executive in its attitude of humilia- tion. The writer acknowledges, however, that Spain had promised many reforms—commercial and social—as sequences of her “humanitarian” policy of absorption. Samana will be declared a free port; a universal emigration will be invited; the tariff on goods imported in foreign bottoms is to be reduced, full religious toleration proclaimed, and slavery abolished. It was also thought that Qucen Isabella would invite President Lincoln to ship all the surplus megroes and “ con- trabands” which may remain on eur hands after the suppression of the rebellion to San Domingo, in accordance with the idea of African transplantation contained in his recent message to Congress. The streets of the city were enlivened with carriages from Madrid, Barcelona and Havana, with buggies and drays from New York, and the inhabitants shone forth in new toilets and an expanse of foreign crinoline. Gene- ral Santana ruled as Captain-General in the name of the Queen of Spain. The new Consul of the United States had not held any official inter- course with the government. A sample of native cotton had been forwarded to New York. There was a prestidigitateur exhibiting at the theatre; but the people were not interested in his feats, having seen how quickly Santana changed a re- public into an appendage of monarchy. It appears by the fifth article of the Canadian Reciprocity treaty that it cannot be abrogated until it has been in operation eleven years from the day of its ratification. The article reads thus:— ‘The treaty shall remain in force for ten years from the date at which it may come into operation, and further, until the expiration of twelve mouths after either of the high contracting parties shall give notice to the other of jts wish to terminate the same; each of the high con- tracting parties boing at liberty to give such notice to the other at the end of suid term of ten years, or at any time afterwards. Tt was proclaimed in Canada in May, 1855, and, ifeither party gives notice to the other“of its wish to terminate the agreement immediately at the | end of the ten years, it must still remain in force for twelve months, and it therefore cannot be an- nulled until May, 1866. The term of Jesse D. Bright, of Indiana, who was expelled from the United States Senate on the | 5th instant, would have expired with the present Congress on the 4th of March, 1863. The following is the political complexion of the vote:— Yeas. Nays. Republicans. . +0 3 Democrats 1 4 Southern Union. 4 7 ag NORE ANCES SE 32 i It was recently announced by telegraph that Jeff. Davis has threatened if the Missouri bridge burners are shot that he will, in retaliation, hang Colonels Corcoran, Lee, Wilcox, Wood and others, who were taken prisoners of war. Five Union men, charged with bridge burning, have al- ready been executed in Tennessee, under the fol- lowing order, issued by J. P. Benjamin, Secretary of War of the Southern confederacy, dated Nov. 25, 1861, and directed to the rebel Col. W. B. Wood, in East Tennessee :—‘* All such as can be identitied as having been engaged in bridge burning are to be tried summarily by drumhead court martial, ond, if found guilty, executed on the spot by hang- ing. It would be well to leave their bodies hang- ing in the vicinity of the burned bridges.”’ All the assessments on the secessionists in St. Louis have been paid in, or satisfied by the seizure of property. The last case was that of a secesh lady named Mrs. Tullia C. Beckwith, who had per- sistently refused to pay; but when the police went to seize on some of her property she concluded to hand over the amount, and begged hard to be let off. Seventy negroes ran away from Doniphan coun- ty, Missouri, last week, and took refnge in Kansas We presume they aro to form @ portion of Jim Lane's body guard. The Cincinnati Gazette gives currency to the rumor that General Lander will probably resign. A bill has passed the Union Virginia Legislature at Wheeling requiring all lawyers, dentists, sur- geons, ministers of the Gospel, bank directors, bank officers, notaries public, clerks of courts and corporations, keepers of tollgates, bridges and ferries, and all others of every prBfession and call- ing, to take the oath of allegiance to the United States and to the new State of Virginia. The rebellion is kept up by the continual cry of abelitionism in the Southern States and the howl of abolitionists in the Northern States. Col. T. T. Crittenden, commander of the Sixth Indiana, has so far recovered as to be able to re- join his regiment at Munfordsville, Ky. The government transports on the Mississippi are now busily engaged in taking troops and munl- tions of war from St. Louis to Cairo. Portions of the property of J. W. Wills, Presi- dent of the Mechanics’ Bank; W. G. Clark and John Wickham, have been levied upon in St. Louis to pay their respective shares of the charity fund for the benefit of the Union refugees. Rev. George B. Cheever, the abolitionist preach- er of this city, was to have delivered a lecture in Har- risburg on Wednesday night, in response to aninvita- tion given by some of the members of the Pennsyl- vania Legislature, on “‘the necessity of immediate emancipation for the crashing of the rebellion and the salvation of the country." The following is the oath taken by the newly elected members of the Mercantile Library Asso- ciation of St. Louis :— wid uaa cake corti will not take up arms against the government of the United States nor the provisional government of the State of Missouri ; nor give aid nor comfort to the eue- mere either during the present civi! war, so help mo The representatives from Accomac and North- ampton counties, Virginia, to the Union Legista- ture have arrived in Wheeling. The One Hundredth regiment of New York Vo- unteers will leaye Buffalo next Monday for New York. About thirty thousand persons visited the Cen- tral Park yesterday. The ice was very rough, and so were many of the visiters. In fact, it was quite a free and easy party of the “I care. for nobody and nobody cares for me” style. Asa sharp “nor'wester” set in about sundown, good ice may be expected to-day. The ice will have peen planed, to take off the corrugations caused by the re- cent snow storms, so as to make all smooth, if pos- sible. These planes are ten feet long by five and ahalf feet wide, the knife being along the whole width, and at an angle of about forty-five. The machines are each drawn by two horses, the driver being seated about the centre, on a raised seat, and a@ man walks behind to guide the plane, by means of two handles, like those of a plough. Sufficient weight is given to the apparatus by a number of flagstones being placed on the flooring of the frame. If these prove successful they will be of great benefit to the skaters, The sales of cotton Saturday embraced 350 a 400 bales, closing with firmness for middling uplands, at about 30c. per lb. Nearly all the purchases were made by spin. ners. The holders of breadstuils generally demanded prices above the views of purchasers for export, and hence transactions were moderate, and in most cases the market was inactive and im some instances rather ier. Later news by the Cunard steamer, over- due at Halifax, was also awaited with anxiety. Common grades of State and Western flour were rather easier, while good to choice brands were firm and in good request. Wheat was firm especially for good to prime qualities, while inferior grades were heavy and irregular. Sales of all descrip- tions were moderate. Corn waa easier, and prices fa” vored purchasers. Sales were fair at 65c. a 66c. for Western mixed, in store and delivered,and 59¢, a 62c. for Jersey and Southern new yellow. Pork—The market was less active. The sales embraced new mess at $12 874 $13; $12 121; a $12 25 for old, with a lot of new mess, deliverable inal April at $13 25, and new prime was at $9 25. $9 50. Whiskey was firmer, with sales of 400 600 bbls. at 241{c. a 24)¢e., and a sinall lot in good bar rels gold at 243{c. Sugars were steady, with sales of about 600 bhds, , 222 boxes and 200 hhds. melado, with a lot of Pernambucos, in bags. Coffee was quiet, and little doing beyond small lots of St. Domingo, in bond, for export. Freights were without change of moment, while engagements were moderate. The Treasury Note Bill and the Oppo. sition Vote in the House, On Thursday last the administration and the cause of the Union achieved a great victory in the House of Representatives, in the passage, by the important vote of 93 to 57, of the only available measure left for the immediate relief of the urgent and extraordinary financial ne- cessities of the government. We allude to the Treasury Note bill, the particular features og which are that the $150,000,000 of demand Treasury notes which it authorizes are made a legal tender for all public and private debts, are receivable by the government for duties on imports, and are convertible into the registered and coupon bonds of the government at seven per cent, redeemable seven years, or at six per cent, redeemable twenty years after date. The practical effect of this legal tender clanse isto give the Treasury a banking circulation of one hundred and fifty millions of dollars, reissuable to the absorption of the five hundred millions of bonds authorized, re- lieving the government meantime of the impossible task of specie payments by making these demand notes for a while a substitute for gold and silver. The bill was urged upon the | Honse by the Chairman of Ways and Means, Mr. Stevens, as an administration measure, in- dispensable at this crisis, to save the Treasury from bankruptcy, and the financial affairs of | the country from a panic and revulsion involv- ing government and people in universal beg- gary and ruin. Under this appeal to the patriotism of the House, this great relieving measure was passed by the handsome vote in- dicated. To tbe credit of the republican party be it said, the bulk of its members voted for the bill, while the bulk of the opposition odds and ends, with a liberal sprinkling of the re- publican radicals, were in the negative, as will be seen from the following list of the Na vs. Ancona of Pennsylvania, Morrill of Vermont, Baxter of Vermont. Morris of Ohio. Biddle of Pennsylvania. Nixon of New Jersey. Browne of Rhode Isiaud. Noble of Ohio. Odell of New York, Pendleton of Ohio. Pomeroy of Now York. Potter of Wisconsin Perry of New Jeracy. Aichardson of Iilinois. Robinson of Illinois, Rollins of Missouri. Shiel of Oregon. Steele of New Jersey Sedgwick of New York. Sbetheld of Rhode Isi Stratton of New Jer: Thorns of Maseac' ‘Thomas of Maryland. Valiandigham of Ohio, Voorhies of Indiana, White of Ohio. Wright of Pounsylyania. Wadsworth of Kentucky. Waiton of Vermont, Ward of Now ke. Webster of Maryland, Wickliffe of Kentucky. Conkling F. A., of New York. Conkling R.L., of New York. Corning of New York. Cox of Ubio. Cobb of New Jersey Conway of Kansas Cravous of Indian: glish of Connecticut toodwin of Maine. Grider of Kentucky. Harding of Kentucky. Horton of Ohio. Holman of Indiana. Jobnvon of Pennsylvania. Knapp of Ilinots. Low of India Lagear of Pet cluding impracticable, hidebound old party hacks, stupid and narrow minded politicians, here and there an honest but misguided finan- cial abstractionist, the whole mixture being sirongly seasoned with constitutional seces- sionists, admirers of Jeff. Davis, and radical “emancipation or separation” abolition dis. unionists. We are quite sure that, except in their opposition to this or some other measure connected with the policy of the administra. | tion, these diverse and incongruous odds and ends will never be seen together again. Be- ginning with the Union men of the list from the border slave States, we must allow something for their peculiar situation. They are embar- rassingly mixed up at home with secession con- stituents, secession armies and secession ma- rauders and conspirators; while such Southern men as Senator Andy Johnson and Representa- tive Maynard, of Tennessee, having suffered the worst that secession hatred and cruelty could inflict upon them, have nothing more to fear, and ne favors to ask of the rebels in any shape or form. We> must, thereiore, excuse such border State Unionists aa Mr. Thomas and others, of Maryland; Mr. Menzies and his colleagues, of Kentucky, and Mr. lol- lins, of Missouri, for their votes against this Treasury bill; for all public questions are so much entangled among their conflicting people that they voted no to be on the safe-side. With a great crushing victory over the rebel army in Virginia, Missouri or Kentucky, all the border State representatives at Washington will be sufficiently enlightened to stand earnestly by the government. Among the hidebound, impracticable, dyed- in-the-wool party hacks of our defunct democra- cy, Erastus Corning will suffice for an example. It is needless to repeat the rest of the schedule. They are of the old Bourbons, who “never learn anything and never forget anything.” They are still ruminating upon the question whether Jeff. Davis or Jesse Bright shall be the next Presidential candidate of the democratic party, taking it for granted that this rebellion is but a temporary interruption of the old order of things which is gone forever. Next, coming to the secession element of this negative vote, we are disappointed at not finding therein the name of the Hon. Ben. Wood—a representa- tive of this city. His constituents have a very great interest in this important financial measure, and yet we do not find him recorded either for or against the bill. He is among the missing. Perhaps; for the last week or two, he has been so very busy with his book on “Fort Lafayette, or Love and Secession,” that he has been unable to attend to his public duties in Congress. Let it suffice that his friend Vallan- digham, and that other model of a Union seces- sionist, Henry May, of Baltimore, were on hand, and put in their voices against the bill. Lastly, the radical disunion abolition ele- ment is consistently represented against this vital Union financial measure in the vote of the immaculate Lovejoy, of Illinois, and the two Conklings, of New York, and Baxter, Morrill and Walton, of Vermont, and others. Alto- gether, we are of the opinion that the sitgular combination of outsiders and disunionists re- presented in the negative vote upon this Trea- sury bill affords the best evidence of the soundness and practical utility of the measure. It represents the conservative Union policy of the administration, and is sustained by the bulk of the people of our loyal States, bankers and financiers included. The elements opposed to it are besotted old party hucksters, slippery secessionists, restricted, perplexed and befogged border State men and abolition ‘eman- cipation or separation” disorganizers. It is to be hoped that the Senate, consulting the appeal of the administration, the necessi- ties of the Treasury, and the critical situation of our whole financial system, will promptly respond to the patriotic action of the House, and pass this Treasury Note bill, with its legal tender clause, and with a provision for the pay- ment of the interest of the government bonds in specie. Give us this bill of immediate re- lief, and then the country will cheerfully ac- cept all the taxation that may be required to put down this rebellion and to sustain the faith and credit of tlie government. But, first of all, the Treasury and the country, government and people, call for this relieving Treasury Note bill. Svccess or Our Navy.—The success which has attended our navy since the commencement of the war is worthy of the reputation it won in two wars with England. Since the latter of these wars, in which the British were over- whelmed with defeat in our inland seas, our navy has had no opportunity of distinguishing itself, with the exception of the Mexican war and the Paraguay expedition. It has been neglected by the jealousy of the West, which, because at a distance from the seaboard, fancied it had no need of a naval armament to protect its interests. Hence our naval force became almost con- temptible for such a great maritime Power as the United States. The events of the present war have proved how fallacious was the calculation of the Western politicians, and how injurious are selfish distinctions of interest founded upon mere geographical reasons. Had the West been more liberal to the navy for the last half cen- tury this war would have been terminated in a few months, the West would have been saved from immense taxation, and would not now be shut out from the natural outlet for its produc- tions through the mouths of the Mississippi. But the recent successful naval operations in the waters of the West, as well as those on the Atlantic seaboard, must have wrought a revo- lution in that section of the Union, and hence- forth none other will be more enthusiastic for the navy than the West. The effect of the victo- ries at Hatteras and Port Royal, and of that in the Tennessee, achieving the speedy reduc- tion of Fort Henry, must be to convince aly sections of the necessity of maintaining a navy suitable to such an immense seaboard and so vast an area of inland waters. It was neces- sary to improvise a navy for the war; and the success which bas crowned. its operations in maintaining an effective blockade of thousands of miles of coast, and in defeating the enemy in three important engagements, more than re- pays the expenditure. Dupont’s achievement at Port Royal is scarcely excelled in the his- tory of naval actions; and were it not for the conduct of the abolition press in divulging hi, secrets the victory would have been followed up by others, from which greater fruit would have been reaped. The accuracy of the firing in the attack on Fort Henry, as well as at Hatteras and Port Royal, could not be exceeded by any navy in the world, and is admitted by the rebels them. selves. It will be recollected by our readers that a short time ago, off the harbor of Charles- ton, one of our ships utterly demolished the privateer Petrel with a single shell thrown into her from a considerable distance. What has been the character of the rehe; firing from their boasted batteries on the Po- tomae, by which they said they had closed the river and cut off communication by water with Washington? They fire as many as sixty shots at a vessel without touching her; and they scarcely ever hit anything, though wasting vast quantities of ammunition. Our navy deserves the support of Congress, and is entitled to the gratitude of the country. Gen. McClellan and His Enemies. The abolition journals within the last few days have been circulating all sorts of stories &bout diferenees of opinion between General McClellan on one side, and the new Secretary of War and the President on the other. One of these statements is that General McClellan has been deprived of his position as Commander-in. Chief of the ermy, and placed on a level with Halleck, Buell, Butler, Sherman and other generals commanding departments or expedi- tions ; that hereafter all orders, public and pri- vate, to the generals of the army, will be issued by the Secretary of War; and that “the ad- ministration of the war has already got a policy,” as if it never had any before. So says the Tribune of Saturday last; and in a double leaded leader, with the caption, “It Moves at Last!” that journal announces, with 9 tremen- dous flourish :—“ Vietory and omens of victory attend the assumption by President Lincoln of his constitutional functions as Commander-in- Chief of the army and navy. The country was thrilled yesterday not only by the announce- ; ment of a most important triumph im North- western Tennessee, but by the indications of new vitality and a more active spirit along the whole enormous line of operations. A few more eyents such as the capture of Fort Henry, and the war will be substantially at an end.” The meaning of this fs that if Gengral McClel- lan had not been deposed, and the President and his Secretary of War assumed their proper functions, there would be no victory at Fort Henry ; but now “it moves at last!” Has it not been moving from the beginning as fast as prudence and good generalship would per- mit? Did it not move at Hatteras, at Port Royal and at Mill Spring, as well as at Fort Henry? The truth is that the victory on the Tenneasee is as much the result of General McClellan’s comprehensive plan as any other victory that has been won, as much as his own victories at Rich Mountain and other parts of Western Virginia, by which he cleared that section of the State of the rebels and restored it to the Union—a brilliant feat of general_ ship, which at once commended him to the at- tention of the country and the government as the man most worthy to take the chief com- mand of the army. His plan now is to make the same sure work Of the rebellion further South as he goes along. McClellan's victories are valuable from their results. A victory after the fashion of the fanatics would be worth little or nothing, though twenty thousand of the enemy were destroyed. The truth is that the President is slandered by the Tribune, and he has hever abdicated the functions which the constitution assigns him as Commander-in-Chief of the army and navy, nor has he now assumed any new au" thority. The same may be said of Secretary Stanton. As an enlightened, able man, he has adopted the admirable plans of General McClellan, and by his energy has carried them out. In the Mexican campaign General Scott was Commander-in-chief; and yet he received his orders from the War Department. There never has been any. difference of opinion between General McClellan and the Presi- dent or Secretary Stanton. There has been and now is the most perfect accord be- tween General McClellan, the practical Com- mander-in-Chief of the army, and the Presi- dent, the legal Commander-in-Chief, and his Secretary of War. Neither Mr. Lincoln nor Mr. Stanton is a military man, and it is no dis- respect to them to say they would be arrant fools if they attempted to dictate the strategical operations of the army or regulate the details of the campaign. But when a plan ia presented to them by an able general, they have the dis- cernment to appreciate it. When Columbus made the egg stand everybody saw how he did it, and could then do the same thing. The successes of our arms prove the wisdom of McClellan’s plans. The victories at Hatteras and Port Royal have been attended with the best effects, spreading terror and consternation not only along the Southern coast, but through- out all rebeldom. The Burnside expedition is now striking another blow which will tell for the Union. The occupation of Port Royal would have been followed ere this with more important results but for the premature publication of the pians of Commodore Dupont by the very journals which have been all along complaining of inaction, and continually shout- ing “On to Richmond!” “On to Charleston!” “On to Savannah!” “On to New Orleans!” The victory at Mill Spring, besides resulting in the death of an active and formidable rebel general, with the defeat and rout of his army, has given the Union forces the key which opens East Tennessee even to Knoxville, and will enable them to seize and break up the railroad communication between Lynchburg and Nash- ville, thus cutting off the army in Virginia from supplies, reinforcements and communication with the South by that route; while the more recent capture of Fort Henry opens the free communication of the Tennessee river to our troops to West Tennessee, places them in pos- session of the Memphis and Ohio Railroad, ten miles beyond, by which Bowling Green is con. nected with Memphis and with Columbus, and each of these strong positions, thus severed, can be assailed separately by our combined forces in the rear. There can be little doubt that Fort Donelson, on the Cumberland, a few miles southeast of Fort Henry, is by this time in possession of our troops; and, as all know, up the Cumberland is the way to Nashville. Thus are East and West Tennessee penctrated at the same time, and their capitals, Knoxville and Nashville, threat- ened. By these operations, if successful, combined with the movement of Burnside in Pamlico Sound, which is expected to result in the seizure of the great Southern line of rail- toad between Weldon and Wilmington, the communications by railroad would be completely cut off between Virginia and the further South, the effect of which, if the two invading columns pressed on and met in the centre, would be, as the Richmond Examiner admits, to “cut the South in two, and effect that division which precedes con- quest.” It was for this reason that Jefferson Pavis in his message so strongly urged the com- pletion of a central line of railroad parallel with these two, connecting Virginia with North Carolina, He foresaw, or was advised by his generals, what our army would do, and he urged on the rebel Congress to take the neces sary precaution. But a railroad is not built in a day at the South, and we believe it is not commenced even now. Fort Henry, on the Tennessee, and Fort Donelson, on the Cumberland, will be fortified by our troops and held as minor bases of ope- ration, or pointa d’appui, to threaten the rear of Bowling Green and Columbws, compelling the rebels to come out and fight to be whipped, or to be starved into surrender. A movement down to the Mississippi from Fort Beary, be low Columbus, would cut off supplies in that direetion, and the seizure of the railroad wil} prevent them coming from the only other. available sources, It is evident, therefore, that Columbus, the stronghold of the rebels on the Mississippi, is in danger. Both it and Bowling Green are al- ready turned. It is admitted by the Southern papers that Columbus is the key to the whole of the lower Mississippi to its very mouths, in’ cluding the important city of New Orleans “Should Columbus fall,” says the Delta, “what is to prevent the enemy from sweeping down the river with the immense fleet of*gun- boats and floating batteries which he has been so long preparing at St. Rouis and Cairo, and with a hundred thousand men under Halleck, to attack us on one side, while an expedition, striking up from the sea, would attack us.op the other. Who can answer? Do effectual de- fences answer? De preparations for defence in rapid progress answer? Where are the de- fences? Who is engaged in the preparations! These questions admit of no satisfactory an- swer. Our dependence at present for the safety of the city from the approach of a formidable ex- pedition down the river isypon Columbus. That is the northern key to the Mississippi delta. That in possession of the enemy, the floodgates of invasion will be opened.” Hence, as we are informed by the same journal, General Polk, in alarm for the safety of the position, has sent to Governor Moore, of Lonisiana, for reinforce ments ; and hence Beauregard has been des- patched to take the command at the Sebastopol of the Mississippi, which is soon destined to full like the great Russian fortress in the Crimea. These facts show the sagacity of McClellan’s generalship and the stupid folly or treason of the abolition press, which would force him, be- fore the proper time, against the now impreg- nable batteries and forts of Manassas. It is worthy of remark that, so far from the viru- lence of these journals against General McClellan abating in consequence of the success of our arms, the victories he has planned and won have only imparted new venom to their poisoned arrows. Now, when they see that the game is in his hands, and that peace will soon be restored by the complete subjugation of the rebels and the restoration to the Union of the revolted States, on the game basis which they occupied before the war, they redouble their furious onsets against him. What is the solution to this apparently inex- plicable conduct? It is this: General McClel- lan will not become the tool of the fanatics to subvert the Union from its foundations. His pur- pose is not to meddle with the institutions of the South, but simply to crush the rebellion in the best way he can. Of the mode of doing it he is a much better judge than Marshal Greeley or any of the philosophers of the ‘Tribune; who de- sire to get rid of him in order to make room for @ fanatical emancipation general after’ their own hearts, whose policy would. either prevent the South from being ever restored to the Union, or render ita solitude, depopulated and devastated by fire and sword, and not. worth the expense of the conquest. It is plain ‘that they do not desire to see the Union restored. What they want, as they plainly avow, is the abolition of slavery or the final and permanent separation of the slaveholding States from the Northern half of the republic. The restoration of the Union and the authority of the constitu- tion together would seal their doom forever as a party. A Voice From THe Tomss.—Mr. Gulian C. Verplanck, one of the fossil remains of a past generation, has come out in a letter to show that it is not constitutional for Congress to make paper money a legal tender. In the be- ginning of the present century a number of men of letters and genius sprang up in and around New York. Among the most distin. guished were Washington Irving. Cooper, Paulding, Drake and Fitz Greene Halleck, the poet. They formed a sort of literary co- terie, contributed to the Knickerbocker, the Salmagundi and other periodicals, and wrote pleasant novels and good poetry. Gu- lian C. Verplanck became associated with these wits, though very stupid, and without’ a ray of the genius. which they shed around them, Their delight was to make him a butt for their raillery, while he, deluded individual, imagined that he was a man of paris because he mingled with men of talent, just as ifa man were to fancy himself rich because he handled great quantities of gold, or as if.a pickpocket were to consider himself pious because he went to church in the pursuit of his vocation. Upon a reputation derived from this reflected lustre, and not from any original merit of his own, also from writing about commercial ab stractions, which he derived from other men’s ideas, he managed to get himself elected to Congress as a democrat. Hisliterary associates were all democrats. In Congress he talked some dull essays upon commerce; but he was 80 completely eclipsed by Mr. Cambreling. who was a man of ability, that the people would never send him to represent them again When he was in Congress he did not scruple to appropriate to himself the credit of other men’s writings. He proved to be a mere man of books. To aman of genius books are useful tools. Books, to a man without it, and who would be somebody, are like surgical instru- ments in the hands of a man who does not know his profession. Verplanck was compelled to retire into obscurity. All his companions have shuffled off their mortal coil except Halleck. He still lives But Verplanck, ever since his brief career in Congress, comes out at intervals with a letter like a voice from the tombs, expecting that the reputation of the illustrious dead will still adhere to whatever he may commit to print. These blue-moulded and dusty lucubrations are characterized by one remarkable feature—they attempt to prove what everybody knows and nobody will ven- ture to deny. For instance, it cannot be dis- puted that in @ time of peace gold and silver are the proper legal tender. We are in the midst of a revolution, and necessity knows no law. But Mr. Verplanck has gone beyond hia depth into constitutional law when he says Congress has no constitutional power to make paper # legal tender, because the constitution does not expressly give it such a power, The difference between the old constitution of the Confederation and the present constitution is that under the Confederation no power could pe used that was not “expressly delegated” whereas under the new constitution powers are delegated by implication; and it is a well known rule of law that, when any power ia ex