The New York Herald Newspaper, February 24, 1862, Page 3

height and own spiri world is Dow this what manner earhest, under which lived so , it yet differs from it in many csacoti the constitution of 1787 was put in operation the War of the Revolution had been successfully closed. led throughout Peace prevail ‘the whole land and hallowed all its borders, trial operations of the country, long held back, now bounded forward and expanded with all the vigor and rankness of tropical vegetation beneath the influence of a midsummer sun. The trial which that constitution had to encounter in its earliest, as well ag in its more ma- tured oxisionce, was simply one engendered by a conflict of these interests. The question was whether it could give protection to all these interests without pecining, the partisan of one and the oppressor of another; or, in (hot, whether it had the sustaining power to preserve its iategrity against the influence of interest wielded by ambition. We a the rs The case with our constitution is very different, It it into oan CJ time of war, and its first pT disturbed by the shock of’ baitle. Ite trial 1s one created by the ur- gencies of this contest, The question to be deciied is, whether, without injury to its own integrity, it can sup- ply the machinery and afford the means requisite to con- duct this war to that conclusion which the ad deta be recotred as a partici- , aud it claimed not in vain, ‘and pablic virtue Al of Constitutions rostral 7 Paaarpihceyanry aes obligation of an oath was forever The whole ma- ee of government nae : the a ‘upt nume! at malar’ . Already stronger, and them came and "¢ tho whole system. Our new system is the orrors of the old. Certainly it is founded in a successful conclusion? If not, it must perish; but a suc- fal result must be achieved. But it must be de- stroyed, not by the hand of violence or by the taint of Perjury. It must go out peacefully and m pursuance of its own provisions, Better submit t» momentary incon- venience than to injure representative honor or violate public faith. In the whole book of expedients there is no place for falsehood and perjury. Let us, on the con- trary, assiduously cultivate the feeling of respect for Constitutional limitation and a sacred reverence for the sanction of an oath. Seeing, therefore, gentlemen of the House of Ropresentatives, that wo are custodians of the nation’s life and the guardians of the constitution’s fategrity ‘what manner of men should we be? How cool, how considerate, how earnest, how inflexible, how true. Having no prospect in the future, save through the Success of our cause, how regardiess should (wo be Of- ail selish views and plans of personal advance- meat. Selected by the people to take caro of the State in this time of difficulty and of trial, how we ought to de- dicate ourselves in heart, mind, soul and energy to the public service. Neither history "has recorded, nor song depicted, nor fable shadowed forth higher instances of self devotion than ought to be shown in the conduct of thia Congress. It is not allowed us to pursuea course of obscure mediocrity. We & government, we conduct a revolution. We must live, live forever in the may of man, cither for praise or for blame. If we prove equal to the crisis in which we are placed, we shall win imperishable honor. a it, on the contrary, to go forward, as we hope and believe it will, to a distant Cutare, gaining new strength from trial, and winning triumphs from .time, giving protection and peace to suc- cessive generations and enlightened peoplo; as the gray ‘venerated patriarchs of hairedsires ‘pat aze3 Dearta of the ingenious youth of their day by recounting ri pendence. Ist the loon, be extended and enlarged Y an y our enabling them to tell also of the self-sacrificing patri- ae the Congress which jed the permanent constitution of the Southern basic Again I thank you. A meszage was received from the Senate, announci that that body had organized, by the election of R. M. pon as President, p-o tem., and Joba H. Nash as Se- ce Mr. Curvy, of Ala., submitted tho following resolution, which was unanimously adoptes:— Reso! ‘That the rules of the Provisional Congress be tem ortrily adopted, so far a3 they are applicuble, as the rules of this House, and that a cominittee of fivo, of rnment of the House committee also, in con- may be appointed on for the govern- ‘The Houge then to the election of a Clerk. pears oe eee 23; Mr. Dixon, 36; Mr. McDonald, 7; Mr. Johnson, 21. No election. Asecond ballot resulted as follows, Mr. McDonald’s name being witndrawn: Cluskey, 27; Dixon, Johnson, 19. No election, 44 votes being necessary to a majority. On the “third balioct Mr. Dixon was elected, and there- ‘apon took the oath of office. ‘On motion of Mr. Joves, of Tenn., a message was sent the Senate informing that body of the organization of the House of Representatives. On motion of the same, a resolution was adopted that the House will receive the Senate to-morrow, for the purpore - counting the votes for President and Vice Presiden: Mr. Wen was declared elected Doorkeeper, and en: tered upon his duties. Messrs. Summ, of Va., and Carron, of Ga., moved that a committee of three be appointed by the House to act in conjunction with a like committes on the part of the Senate, to wait upon the President and inform him that the two houses of Congress have organized for business, and are ready to receive any communication he may sea proper to transmit. ‘The resolution was uuanimously adopted, and Messrs. Smith, of Va., Chilton, of Ala., and Wright, of Ga., were appointed the committee. Mr. Manty, of Ark., presented the petition of J. P. Johnson, contesting the election of A. H. Garland, one of the members of the House of Representatives returned from that cS. Is was read, and for the present laid upon the tabi Pending a cena to go into the election of a Ser- geant-at-Arms, the House adjourned. SECOND DAY. ‘SENATE. Wepvespay, Feb. 19,1862. ‘The Sonate mot at noon==the President pro tem. (° tor Hunter, of Va.) in the chair. Prayor by the Rev. Bishop Earzy, of the Methodist Episcopal church. ‘The Orenk read the eon of yesterday. Mr. Brows, of Mt i gested that the journal be cor- rected 60 as to read t it pro tempore of (he Benate was elected: eanataooee instead of by “accla- tmation."’ a to. Mr, Orr, presented the wep of Hon. ©. Senator from Alal Me. Clay came fo forward and was: tely qualified. Mr, ny yd oot Pi the credentials of his Semmes. > er forward and was duly qualified. Brown, of Miss., presented the credentials of his ooluneany Hon. James Phoian; aleo his own credentials ‘Mr. Phelan came forward and was duly qualified. Mr. Onn, of 8. C., offerod a resolution that a committes of three Senators be appointed to draft standing rules, and that the same committee act as a joint committee, in conjunction with one appointed by the Honse of Repre- sentatives, to draft rules for the purpose of conduct- ing the business between the two Houses, which was s nx, of Mo., moved that im Senate now proceed to the oon of 4 Sorgoant-at-Arma reed to. Mr. CLark nomi Lt. Fitzhue, Kentucky, for Bor at 2 He recommended Mr. Fitzhue as a ‘acter and 'y. Hoe said be was a = ore ia os a Se of Patrick Henry. ae was elect: Sergeant i, came forward aod was duly qualified. Ser cach’ Me. Haver, of Tenn., presented a bill to declare certain companies: ‘of Tennessee troops, who have volunteered for Sweive months, tegally organized, though their strength reached the tua Foq" pL body aan ‘equired by law. The bill a useage was rece! rom the House of Represon tives announcing its ization, and inviting the Seaaee the purpaee of consting the vo rian Prenat and Vice for cd President of the Confederate sates ratemtumcieu’ Brown. iss., the Sena invitation from the louse, sain of Mr. One, of 3. C.,@ message was sent to of Representatives announcing that the Senate it at the time and in the manner indicated |, of 8. S. Sarat vemtsiien that the Senate ‘at one o'clock P. Preceded by the Presi- by the Clerk and Ser- of the House of ite; ta ‘Yotes for President and Vico President. received from the louse of Represen ives ig the appointment of a joint commities the part of the House to wait on the President of tho pao States to inform him that Congress was rs me gd Uhat it was to receive any commu. 10 make. ‘Secor the Sen ted Messrs. ©., And Sparrow, of La,, as tel (ogy ereic ie fie to cohDe the votes’ for President ‘and Vice Presi- He also Moar woil, of 8. C., a8 & commutes on the’ petal ihemace, part of the Senate, fo watt On the President under the joint revolution just 0 hour of one o'clock has Droceved by its oflicers, a tisii i Hane i! aE Es a ing arrived, the Senate, moved in procession wo the Re: Ou motion of Mr. SPAKROW, of La.,® message was sent to the House informing it of’ its action. eee adjourned until Thursday at twelve o Chambers of Mississippi, Burnett of Kentucky, and Sauith —- Carolina, ap: peared to-da: the oal office Mr. Joss; of Tou, moved a so ati emg the resolution of yesterday, in reference @ count clootoral votes ain retaconee Ne coming a6 Carried Mr. Joxms om a the following as a substitute, hich was Whhesolved. ‘That the Speaker of the House appoint two tellers, to bo with such as shall be appointed on the part of the Senate, to superintend the counting of the vote for President and Vice President and that the Resolved, That a be sont jhe Senate, to in- That a message it to tl to in- opevas we heay’ sie the House will be Teady at one parte of cu Ts vormive thers tx’ this chamber, for the Se ee Congrese, to count ‘President to-day. Spear appointed Mr peckeealey Mississippl, py regen from the Senate stating that it would join the House at o’clock in the Re; tative Hall, for the purpose of counting the votes President and Vice President. Mr. Curcton, of Ala., offered a resolution for the admis- sion of reporters upon: the floor, except when the House shall be im secret session. ted. ‘Mr. Curtzow also offered a resolution for the appoint- ‘ment of various standing committees, which, on his mo- tion, was referrod to the Committee on Rules. Mr. Foors, of Tenn., offered a resolution for the ap- pointment of a committee to inquire into the causes of the recent reverses in North Carolina, Kentucky and ‘Tennessee, and report to the House as speedily as possi- ble. Ho asked that it be priated and lie upon the table for the present. ‘Mr. CRockrrr, of Ky., suggested that the discussion of sueh a resolution aoe be in secret session. He moved to lay it upon the table. Mr. Foors, in response, said that he should go for the most full and public discussion whenever the subject to be considered would admit of it. He thought his resolu- tion was eminently proper for public debate. Mr. would discuss publicly what would safely admit oi it; but no fear of popular clamor could induce him to expose affairs of State. For the discussion of these he should demand a secret session. After some fyrther debate, the motion of Mr. Crockett was adopted as a substitute for that of Mr. Foote. Preparations were now made for the reception of the Aemsies the House meanwhile taking a recess. message from the Senate announced that Senators on, ofS. C.,and Sparrow, of La., had been appointed tellers on tho part of that bod for the purpose of count- ing the votes for President and Vice President. @sAlso, another announcing @ concurrence in the joint Fesolution of tho House for a committee to wait upon the President, Tew of the appointment of Senators Clark, of Missouri 1, of South Carolina, to aet on the nes of the Se Senate. Cuam announced the following to constitute, to- pa oun the Speaker, the Committee on Rules, under Scmatien alias Serte ned pe 7 Curry, of Ala- of Georgia, and pce A ae ee oo ee announced, and soon the Senators scomdance with the joins order to tonst toneleotoral votes for President and Vice Presi- dent at the late election. Sas, the Hovea, Jo . Mr. Hunter, and Mr. Bocock, Speaker of 189 eres presided. Te’ tellcce oaks poslilon by the Clark Fa Sonios wer cecorted iseate mi cuir of the Pract in alphabetieal order, the c2rtificates of the ‘were announced by Mr. Hunter, who broke Dae seals, Lap Pr which they were read by Mr. Urr,one of tho tellers. The. vote of each electoral college thus ascertained was recorded by the other tellers. Ce hie on behalf of the tellers, then reported as follows:— ‘Total number of States voting... Pe 38 Total number of electoral votes cast. 109 Of which number Jefferson Davis, of Missi i, re- ceived for the office of President of the Genfede- ia, received for the Confederate States. 109 votes cast by the several ir, Howren, who then said that it was his duty to declare that Jefferson Davis had been duly elected President of the Confederate States, and that Alexander H. Stephens had — duly elected Vice President of the Confederate Stat ‘The Senators then retired to their oan chamber. Mr. Kevwer, of La., moved that a committee of three members of the House be appointed, t» act with such committee as may be appointed by the Senate, to notify the President and Vice President of their elections. Adopted. Mr. Kuyver, Mr. Miuzs, of S. C., and Mr. of Miss, were appointed on the part of the House. Mr. Suir, of Va., moved that @ committee of one from each State be appointed to act, in conjunction with such committee as may be appointed by the Senate, to make arrangements for the inauguration of the President and Vice President. Adopted. Mr. Revssut, of Va. , offered a resolution that until fur- ther order, Richard M. Sinith, Printer to the Provisional Congress shail execute the printing of this House on the terms as pald by Provisional Congress, Adopted. ‘cust, of M. presented several resolutions, cloned by the Legislature of that State, in reference to the exportation of cotton. ‘Also, a memorial in reference to the pay of the army, asking a revision of the wages as now established. Laid on the table for the present. Mr. Borsurn, of Va., offered a resolution asking. the Prosident to commun ral,Vhos. J. Jackson a: he recent operations Valley of Virginia, Adopted. ‘A message was received from the Senate announcing the appointment of Messrs. Barnwell, of South Carolina, and Davis, of North Carolina, as the Senate members of the joint committee to. pon the Presideat and in- fori bim of the organization wa the the two houses of Congress. Mr. Saurest, of Va., offered several joint resolutions, de- claring that’ avy officer of the army or navy who shall hereafter be guilty of the vice of intoxication (whether on of off duty) shall thereby vacate his commission, and bo dismissed from the service. Also, punishing those who shall refuse to report offend ‘He asked that they be laid on the table for the present. Mr. Foort, of Tenn.. wi the resolutions so amend- ‘@d as to punish past delinquencies. ‘They were laid on the table, Moe gh of meeting of the House was fixed at twelve o'cloc! ‘The Seraxer laid before the House certain joint resolu- tions of the Logislature of Virginia, transmitted by the Governor. They affirm the determination of the ple of Virginia to maintain the boundaries of Virginia in their full integrity. (They are the samo that- were laid before the Provisional Congress. ) Mr. Penxins, of La., moved the adoption of a joint reaolntion containing the same response which was made by the Provisional Congress to these resolutions. ihe joint resolution was adopted unanimously. Mr. Swrra, of Va., asked the printing of his resola- tions relative to intemperance among officers. Some de- bate ensued, in which Messrs. Surrt,Foots aud Hanras, of Missouri, took part, and in which the merits of the subject were somewhat entered into, The printing of the resolations was refused. Mr. Wrwer, of Ga., offered resolation authorizing the Doorkeeper to appoiht an Assistant Doorkeeper and four pages. Mr. Paruins moved « reference to the Committes om Rules. Adopted. ‘The House then adjourned. THE UNION PRISONERS AT THE SOUTH. THE REBEL STATE ee RECENT EXCHANGES, {From the Richmond Hoquirer, Feb, 19.) The order issued by Secretary of War Benjamin, on Tousday, for the release upon parole of all the federal prisoners now held in this city, at Salisbury, N.C., Tus- pony! Aia., and other poiuts of the confederacy, ‘num- tne ‘aggregate about three thousand, will have tbe eiemet effect, we presume, of inducing a recipro- cal discharge upon like terms of an equal number of coa- fedorate prisoners. Ita indirect consequeuee will be, we hope, the softening of that mutual bitterness of feel) which has been tugendered by alleged iil treatment prisoners on both sides. Viewed from an economical standpoint, the retease of these prisoners will relieve the treasury of the confederacy of a daily tax of not loss than $2,000~no inconsiderabie saving, im the present con ii. tion of affairs. We have not learned the oxact time iixed upon for the release Of those held in this city, but suppose that within a week, or a fortnight at farthest, the captive federals will be sent rejoicing on théir ay Home. Among the number now occapy' the tobacco facto. ries at Rockot!s are a s¢ore or more omcers, several of high rank. Among the latter, Colonel W. R. iae, of the ‘Twentieth Massachusetts; Colonel i}, of the Fort second Now York, and injor 1. 3. Rovor Iso of tho Twentieth Massachusetts, wir were taken at the battie of Ball's Blufl, October 23. The two former gentlom it will be reinembered, wore held, together with some safety of our eight of nine others, as hostages for the prisvatoersmen, bul were released a fow days ago from the rigorous confinement in which they had been placed, in consequence of the decision of the federal government placing privatoorsmen upon a footing with pr of war, Both Colonels Ie and Cogswell are graduates of West Point, and are gentlemen of high rocial position at home. Tho former married a Baltimore lady , and during tho Presidential campaign of 1860 was a frequent con- bn otent hy he pe Courier, & paper which then espoused with signal ability thd cause of the So Agninat black republicanism. J MNase ore are Confined to tho prisons of this city about two hundred Union men, chiefly from Western Vir ginia NEW YORK HERALD, MONDAY, FEBRUARY 24, 1862, not, of courne, be acted by the | che simple THE LATE EXCHANGE OF PRISONEXS. ree Tm the Richmond Enquirer, Fe. 20.) undred and ninety-seven prisonors of war will PP se Richmond at five o’clock this La sgay | for the recently , and who reached Norfolk last week. Included ia the number to be released are seventeen cominissioned and twenty-five non-commissioned officers. A. J. Me- Cieary, of the Philadetpia Inquirer, and Wan. 1. loans: ker, of the same city, caj with Baker’s California Togimout at Ball's Bh poh also of the party. Both the last named prisoners have acted for some time past in the toed the of clerks to the commandant of ener, and gained ee eoaghesicens of the prison ofiicers b; their tutelligence and conduct. Mr. George Walker, a merchant of he aggregate, about 3,500, MOVEMENTS OF BEAUREGARD. (From the Memphis Avalanche, Feb. 12.] Pays Beauregard is said.to be examining how ‘‘the lands lay”’ in person, and preparing for operations some- where betwoen Memphis and sunset. Others report him at Bowling Green, and others stiliat Nashville. MISCELLANEOUS SOUTHERN NEWS. DEATH OF A UNION LADY IN SECESSIA—NORTHERN We find the Golimatee pitta mntna os biti of the e find the following notice among the obituary of the Richmond Dispatch n We fe comply with the request for the New York ae iH copy:— On the 16th inst., Hannah J., dear wife of Mr. Edward Newman, The funeral will take place at ten o’clock Tuesday morning, February 18, at the residenos of the farntty on Venable street. ‘The friends of the family are Fespocifully requested to atteud. New York papers please copy. MORE REBEL TROOPS FROM MISSISSIPPI. The call of Governor Pettus, of Mississippi, for ten thousand more volunteers, meets with a hearty response in all parts of that State. THE WAY THE REBELS APPLY CHARITABLE DONATIONS. One hundred and ten thousand dollars of the McDo- weneieel fund bave been invested by the Commission- ers iu the defence of New Orleans. REBEL PERSONAL NOTICES. Hon. Alfred Iverson, of Georgia, has published a letter indicating that he has retired, final » from public life. General L. Pope Walker, late Secretary of War, has gone to take command of the fore at. Decatur. FINANCIAL AND COMMERCIAL. Suupar, Feb. 23, 1862._ The imppftations at this port continue to show a steady increase. Last week they were in excess of the corresponding week last year, the chief items being:— $58,776, Molasses... . 423,940 Sugar. + 118,223 Tea. We ‘need hardly repeat what we hav often—that all or nearly all of these articles will beara much higher rate of duty than that with which they are now charged. The importation of guns will fall off presently, as we must be getting a pretty fullsupply. It cannot be supposed, either, that we shall long continue to import American cotton from England. Sugar, tea, coffee, lead, hides, wool and dry goods we shall import, what- ever the duty may be, except in the case of such varieties of dry goods and such kinds of lead as can be produced here. The sub-com- mittee of Congress, of which Mr. Morrill, of Ver- mont, is chairman, promised to report the tariff bill many days since, but has not yet done so. The public interest, and especially the mercantile interest, isa severe sufferer by the delay. Our exports of specie were not heavy last week. Itis more profitable to sell gold in open market here, at 3a3% per cent premium, than to ship it to Europe against bills at the present price. Stilla number of foreign houses continue to ship gold by direction of their principals on the other side; and, as we have a great deal more specie than we want in the country, there is no need of alarm or uneasi- nesa at the shipments, provided our imports do not increase too rapidly. Up to the present time our imports and exports balance each other very accurately. We are still shipping, and shall con- tinue to ship, large quantities of food, of various kinds, to Europe. The following are the Custom House tables of the trade of the port for the past week and since January 1:— Ixrorrs. For the Week. 1860. 1861. 1862. Dry goods. . $4,224,630 2,340,417 1,501,917 General merchandise. 1,823,496 2'280,385 3,079,482 Totai for the week. 4,629,802 4,581,399 Previously reported 19)183,636 26,585,582 Since January 1. i424 Exports or Pnopvex AND 1860. For the week... Previously repo: Siace January 1....$10,023,186 1 Exronta the week eviously reporte Since January 1 983,731 6 453,363 The banks showed last Monday a specie average of $23,114,148, which was a decrease of only $82,518 from the previous week. As the average was a declining one, it is supposed that a further decrease will he shown to-morrow; but the money drawn from the Sub-Treasury in payment of the February interest on the seven-thirty notes may have gone in part into bank, and this may alter the result. The banks are strong enough in specie for all ordinary purposes, and as soon as the financial policy of the government is settled, and the public are familiarized with the new Treasury notes, they will be able to take measures for an early resumption. We are happy to learn that several leading institutions have set their faces against the insane policy of lending money on gold, and so fostering the speculation which has been going on in the precious metals. Of course it is not the business of the government or the courts to interfere with any speculations which are not directly dishonest. But it is safe to say that no course of proceeding on the part of the Wal street operators could be more mischievous or more injurions to the financial interests of the country than the speculation in gold which sprang up some time since, and the least that can be expected of respectable banks is that they will not aid or foster it. Gold now stands at the same fictitious premium which it commanded a week ago, having fallen 144 per cent during the week, and rallied at the close. Judged by the ordinary laws of political economy, the speculation is unsound. The demand for gold is decidedly less than the supply, and when people get over their panic about a paper currency, there is no reason why it should command any premium atall, As compared with Treasury notes, indeed, which are now pretty sare to become the currency of the country, it is more likely to rule at a dis- count than ata premiam; for the Treasury notes will be convertible at par into United States bonds which, after the peace, will probably command a premium. But, fndependently of this considera. gion, the premium on gold is unwarranted, because there is no demand from any legitimate source for the precious metal, and at least $200,000,000 of it must be lying somewhere at the North, drawing no interest. Donizens of foreign countries, unac- qnainted with commercial operations, ani steeped jn general ignorance, have more than once crip pled the banks of their respective countries by hoarding large amounts of specie. No dificalty nocd apprehended here, be for of gold held in the North costs some one $14,060,009 a year in loss of interest. It may safely be taken for granted that, after a brief experience of the hoarding plan, the owners of this large amount of money will tire of losing interest, and will place their coin in circulation. Money has been rather more active lately than it was a week ago. The heavy purchases of stocks which have been made withia the last fortnight have been, with few exeeptions, speculative pur- chases, gffected on margins. Hence the inquiry for call loans has been more active than it was, and lenders have been enabled to secure 6 a7 per cent for their money, on suitable collateral. There are very few, if any, loans outstanding at five per cent. Mercantile paper of good quality continues very scarce, Very choice names still pass current at5 av percent; but the bulk of the best paper goesat7a8,and a large number of very good numes at 8a 1012. Money in England is worth 1422 per cent. The British capitalists might just as well be making 5 a6 per cent on their money, were it not for the delusions which the tory organs—Herald, Times and Post—have spread amoung the people. The new French loan will probably lead to more activity in financial circles in London. Foreign exchange closed yesterday on the basis. of 114 a 34 for sterling, and 4.97% a 5.05 for francs—bankers’ bills in both instances, The ex- change market gave way last week, under appre- hensions with regard to the passage of the Trea- sury Note bill. Et rallied on Friday, when it seemed certain that the bill would pass. The price of exchange, like that of gold, is sustained chiefly by speculation. A number of foreigners» some residing here, others abroad, are possessed with the idea that the passage of the Treasury Note bill will amount to a confession of national bankruptey. Trading on the fears of these classes, a number of speculators and brokers in exchange are bidding bills up, and keep the market fuctu- ating between 114 and 115. Drawers who can af ford to do so will probably make money by selling all the bills they can at present rates; and import- ers, whose credit on the other side is good, will probably save money by postponing remittances until the exchange market becomes more settled, If in the course of the next three months cotton shipments should be resumed, the supply of bills would be far in excess of the demand, and ex- hange would fall rapidly. At present rates of gold and bills there is no profit on shipments of coin to Europe against bills of exchange drawn here. The following table shows the course of the stock market during the past week and month:— Fe. 3. Feb. 15, Feb. 22. 41% «44% BS, se 81% 41% 43% 34g 84K 53 543g ay 46 so” 65 Be Bs 4435 45% le* 121 38% 88% BT IE Pacific Mail... 99 exd94}% 933 The stock market was buoyant and excited aly last week. Yesterday was observed as a dies non among the established brokers; but the jobbers did a lively trade on the street corners, and the prices of Friday were fully sustained, The com- mission brokers still report an absence of orders, and there is every reason to believe that the bulk of the purchases which have lately been effected at the board and in the street are for the account of a powerful and wealthy bull clique. So far as we can learn, the public are selling, not buying stocks. Their impression appears to be that suc- cesses in the field, though they naturally involve the decay of the rebellion, do not secure the res- toration of the sfatu quo ante bellum, without an intervening period of great embarrassment. If the war were over to-morrow, questions of no ordinary difficulty would arise with regard to the payment of the expenses of the war on both sides, and the adjustment of the new business relations which would grow out of the peace. The previ ing impression at present is that the United States will not be burthened with anything beyond the debt now incurred and being incurred for the sup- pression of the rebellion. But it is easy to see that if the restoration of peace were made to depend upon the assumption of a part of the debt incurred by the South during the struggle, a large and influential party at the North would be in favor of assuming it, as the shortest way to effect a settlement. In the meantime the rebels are making a stand at Nashville, and there seems to be reason to anticipate a severe and perhaps a decisive conflict near or at that city. It is rumored, with some semblance of truth, that the people of Nashville and even the authorities of Tennessee are at variance with Gen. Beauregard on the ques- tion of fighting at Nashville. Recent purchases of Tennessee sixes, which have led to an advance of 13 per cent in a week, have suggested the idea that parties here, who are in communication with Nash- ville, are in possession of information that Governor Harris and other leading Tennesseeans are prepar- ing to desert the rebel cause. Whatever’ founda- tion there may be for this notion, the public can- not be recommended to purchase the bonds of any of the rebel States until the end of the struggle is more certain than it is at present. Under the con- fiscation act passed by the rebel Congress, bonds of any rebel State held by loyal citizens of the United States are forfeited. This act will, of course, be pronounced nuX and void by the courts of the United States; but meanwhile buyers of the bonds in dispute will find that they have purchased a lawsuit. The advance in railway securities during the past week has been very remarkable. Central now stands at 84, dividend off, and speculators in the | such stock predict 90 for it within thirty days. The earnings for the last four months show an increase of one million dollars over the corresponding months of last year. Other roads are likewise do- ing a good business. The Michigan Southern ro- port, which will be ready in a few days, will show that the road earned between $300,000 and $400,000 during the past year over and above all expenses and interest, At the same time the public, as we said, are not buying stocks, and the commission houses appear to have no faith in the market. Foreigners are selling their stocks in large quantt- ties; the speculators on the bull side are obliged to strain both their capital and their credit to take care of the stocks and bonds which come into the market from this source. Great hopes are placed by the bulls in the effect of the Treasury Note bill, which will be passed this week. As, however, the metal- lic and bank currency are being reduced atleast as fast as the government currency can be increased, it is quite possible that the government may pay out the whole of the $150,000,000 anthorized by Congress without causing any sensible appreciation of values, Port of New York, Fer ARRIVED. Khip Stephen Crowel, kevensaler, Dive milsa, to Snow & Burgess, 21 4 fore and alt sel abandoned ter, and snainsail badly torn, null ton (probably Br ache Mira, in coilisic Bhd Columbia), = very hoary and NW Tales tnoa of waseeget sails, 5 Simpeon, Fox, Hatteras Lnlet, 6 days, in ballast, tou Simpson & Son. Bark oe (Uris), Minde, Neveastie, 65 days, with mdse, ay to H&E , Dee 21, St Thomas ol, Jan 12, with inst, lat 40 25, lon 68, passed Hn loss of howsprit, qutwa- parenily in goat § days, dtietou, Matanzas, Feb th, r t A Hort on (Br, of Windsor, a 1 days, wikh copper ore, to i Dewalf, Reynolds, reason that everybody here | , Schr Phebe, Morrow, Havens, Ut days, with fruit, oJ &T c, | knows the value of money. The $200,000,000 Lanfair, Key West, dere, ‘Had very ‘e ‘The steamahip Edinburg, Capt Mirchouse, ailed at noo on Saturday for Queenstown anBLivorpool. ‘The steamship Teutonia, Capt Tauve, sailed on Saturday for Southampton and Hamburg. ‘The British clipper ship Leichhardt, Capt Clark, which re- cently arnived at this port after a very good run from Shang” hae, is now faat filling up with cargo for Liverpool, for which port we understand she will sail within a few days. Seve ryecete, B from Boston for Liverpool, ae eee eee sing (hese aoe hae ter, ‘not yt fa cary b hopriansee tore. noon. was got off at ny bi ad towed Lo Boston luring ‘She provably has. wo sustained much the passage to Key West of achr M Vas- ‘Bea Foam, they. wer van Bey Baio. Caxwoxa, Fulmor, from St Thomas for Liverpool, totally lost recently (no a oe ‘at Pedrona or Pedrotown, On the island of bt Dotiingo. Crew saved; supposed torhave ‘Scargo of wood. The C was built at Walton NS, in 1860, 237 tons, rated AZ, and owned by C K Ellison, of Walton, Bric A M Barrterr, from Boston for Cuba, with shooks and staves, was wrecked on No Name Cay, Abac>, Sth inst, and part of cargo saved and taken to Nassau, NP. Baia Trextow, from Surinam, of and for Boston, before Teported put into St Thomas in distress, has eeu: ‘oniemned, Her cargo has been brought to Boston in brig Waccamaw. Bria Aravccasan (of Boston), Conner, from Mansanilla, for Boston, before reported put into Key West, arrived onthe 7th inat, with loss of fore topm carried it away on the 29ti ult, off Cape Antonto, “She would repair and sail ia vs for Boston. jasOpenoa. (probably Rr), \vdiinsr), from Bt Thepaas rerpool, Was fost i2ik ult Crew: suved. ‘No further Brio Mancus, a Newport from Bucksport for New York, had very heavy weather on the passage, and during a gala Was obliged to ‘throw overboard the deck joud, consisting of abolit 20,000 shingles. Sour Eastern Licnt, from Surinam for Boston, wen! on East Chop, near Holmes’ Hole, duing the storm night of 19 1 inst. She remained tight 20th. Scar M Marcy, Davia, left New London at 8 o'eloc k morn- Ing of (9th inst,'and when off Faulkner's Island encoun- ered a tbick snow Ip attempting ig ram into New extreme! Heago. where she bound, the weat! bei thick, made a very ight, t light in a house on the land, whic! was inistaken for ne the igithouse at the entrauics of the har- pence, of which she ran on West Haven shore and biigede att obably be loss. Part of the beard. Ane captain andsil bangs rerasined on the trowel uni ‘she began to break to pleces, and they were obliged to leave to save their lives, ‘They took the toa’, which hat been lowered ot the time ahe struck, and succeed: the land, the boat being stove as it struck t the time they left the sea was breaking over the vessel, 80 that little or nothing cobld be saved. The caplain lost everything but the eothes in, which he He states that the display of so large a light on the shtmeatt halt potak satet occemtag gitad harard to, vesscls havigating the Sound on dark nights ‘The Marcy was a sch of 1 234, and owned in Newport. | On her preseut trip she wi jed with 1400 or 1800 casks of nails, consigned to part New Haven and New York. Her ‘argo was. insured in New York or in an Eaatern office. ‘The vessel was owned by parties in Newport, and was unin- sure A Scne with both urastheads gone and sails damaged was fine 15 miles SE from Brenton’s Reef Dightvessel, steering LLOA, Feb 1—The American bark Ialand Queen, Bolitho, Biack Sea wich arrived here & week ago from one of U ports with,» of grain, wax selzedon ‘Thur homeon, Sheriff officer, upon a warrant ranted upon the ap- don. in La aeet of aclaim of f bey master aod Francia P. Drain, of sesh i the sthere was some dificult) about 1) he rudder, set esta te ken oh ae pater equally effective, itis Delleveds | in detaining her, last few days she has made taeda Dea of fitte Water per hour inside the harbor in smoo h water. She has from ten to twelve inches per hour, ‘Sears will’ make temporary repairs and g- The ship P Eliza, of te. On ber moti ane spceng the bend rot her mainmnst, On ng tnd (aking out the mast to puta new head to 1 it was foun fo rotten, particularly inthe make of the deck, that 1s new be putin. [By letter to Ellwood Walter, Board of Underwriters. } ‘Warzrronp, Feb 3 3—The niaterials saved from the wreck of the abip Tiger, Lowell, from Liverpool for Boston, which sunk near Templetown Cove, in this harbor, as before re- ported, on the 22d ult, were sold to-day. Suiz0Re ov THE BARK Anixt, ox Susricion—The Providence Journal says that the bark Ariel, which sailed from Provi- dence Friday morning for Goree, on the west coast of Africa, was seized yestorday by United States Marshal Sanford, whon off Br After she left information was commu- bicated to the Marshal, which led bim to believe it was best i te the matter. ‘The tugboat American Eag’e was nd went in pursuit, erhauled the Artel as when she was taken to New] was command- ed by Uapt Levenstone, and Owned by parties in Boston. Bark Ocilla, of Mystic, Ct, where she was built, 367 tons, now at Havana, has been sold to parties in that city for the ‘sum of $9600. She will load for Havre. Five.sixteenths of chr Ella, the interest of Wm H Fowler, of Virginia, was sold at Philadelphia 20th inst, by the US, Marshal, for $550. Schr HE Weston, built 9 years since at Susser, Del, 170 tons, now at Providence, has been sold to parties on Cape Cod ou private terms. She will remain in the coasting trade un- dercommand of Capt Jas A Plah, of Barnstable. Lauxen—The Baltimore Sun of 22d inst tide permit, there will be launched to- of Cooper & Slicer a first butlt for A Schumacher & C She is 163 feet lon, Should the y from the shipyard med the Johannes, e Brothers Kulen- hampf, of Bremen, lars, 36 feet beam, 22 {eet hold, and 9 4 burthen. She has been built in'every reapect' with naga to strength, of the very beat materials, and with a model expected to prove first quality in sai pacitien. ‘The following table g harbors of New York, nah, New Orleans and G each of those ports:— mary of the vessels in the timbre, Charleston, Savan- at the latest accounts from 123 Bedford, 4 Indust The capt driven ashore gevere storm. Srew have arrived at Fortress Monroe, Spoken, &c. ¢ bide, irom Liverpool for NYork, Feb 3, at9 PM, N of Pol Bip Belle Woot. ? at 7 AM, off te Sk Rirsl, from Liverpool for NYork, Feb 4, ba Ship Jennie Bea’ in Liverpool for N¥ork, Feb A RP AM Bitten N o€ Holy end Ship Ged W Bourne, Lont, from Portland Jan 2 for buenos Ayre: bite 14, Int 34.N, lon seh Jan fobaton, Houce Dee 9 ter Hong Kong, Jon 5, iat 18 aN f Fark 2 ond: Rean, from Bahia for Liverpoot, Jan 15, lat 6 8. lor Schr Lombard, Harding, from Bordeaux for Melvourt Dec 25, lat 6 N, lon 27 Foreign Ports. Avpnonovent, Feb 4—Sid Wisconsin, Be ANCONA, Jan B= Arr Hydra, Angovo, Feb In port bark Bvenng: for NYork lig; Br brig Peerless, for f New Maven, Br vchr Eliza, for do do. Ctyes, Feb Z=In port schrs Thos Sparks, from and for Barton, sg Re T— ta port coli Twa, hoy Ruteabech Jane Gir), from NYork, wt 3. Brewtanaves, Peb 2—Sid Ella Virginia, Focke, Baltimore; Magtalene, Menke NY TE cand Turk, Blanchard, Carths- sal , Lendholm, from Cal- cot aeay Aauimali, arr 8; vy, from entta, ar . ‘ia, Jobnaon Srpady ale, age ats Agenoria, Jobnann, from Live ie ra Ciatcer ith B Mildmay, Wendy Iyer ler, Hilts! dersov, and ‘Bid Deo Gannett, ye Jan 4, Shakepere, ‘thy Khe"dostinentsl, Johnson: dove Ht tord Bi Ath, fee cr Champion, Bisbee, Calctitia} 8th, J ores Wit 1 aC oP ng Willlam Mason, Gardoer, NYork » 2—Arr Lucy Blizabeth, Nichola, Gloucester, a a eu, Slarret, AL Thomas; Wik, Walt- fa) ‘Are previous Moses Davenport, Percival, ey ahips Daring, Simonson, for, Boston, yyith megane Ware Patmos, epdug, for New York, i bags vaitpAre, had bath ote ns wane \ Ay iso reperted thal ihe ships Sara gid whb, for i suane AN Colon, ‘Tlobetty,{ Bark Eillie, . for NYork, proceeding down the ri will be dered haek for the eame purposes mgroncos, Fe GaArr bark Ocean Hpme, Tarciman, Figs Vax (Bi). Drew. dg Uigeias, oy Bvt aap Hanieseh Coe MR a wiigh Martas or Montego Hay: 7) Sid Oth, sotte Pike, Boston; and Caroline, NYork ; Sth, Joba Porter, Nelson, oss Rotterdam fos ‘th, MT Ellsworth bye mene Beeeas Jan, B18 pat ye TE a Howe, Bowes Gwynn, for Baltimore Fower, Feb. NEED RH ete ta ase Tor Ban Otascee. abit are Heciprociiy, Murr NYork; db, Ame. mane POLAT E‘Gouthard: Hussey, Genaa Gieetogn Pot ihre is Honea BG Art Mod fearon, pdithts ev (Are Fred 8 heerer, Bheerer, Leghorn; JW aus Feb seuss ‘Lawrence, Spear, New York; 4th acide. Sia, NYork; John Merrick, Sedis, rlatyouy, Feb Sarr Pairtld, Hull, Brouwershaven; 4th Marana. Feb. Fanti teis Altaretie, nieber, Portland; schra Alexander sche 1S i echr agoe ie a - Sia - B; St Nace a vieen ‘Bamber Risiotel, fon 4 4 rg | Ben et barks Hianiahy Boornic Belo, Wooster Jamos Davia, 8 gon, aod Mary A | oie has H these have been arrivals. a ep ae eA Homer, and of the ee Bane nroot. Feb Sarr Canada (8), ‘Adsialde gating, York. sia 4m, oer poorest on Ms 11, Sierra Great_Weste yd nd apg dona fi jer dpe ‘Santadar; John ca Ent Tor Toading Sth, motrin. Sag aeons for NYork. 4—Arr Lo: f Caloutta; St , ora: be Nestorian, Worth, _ Waite, Sunderland and Poruand, ee ‘at Gravesend Sth, Corinne, NYork. Sid 4th, Monsoon, in, Boston. Loampo. SWCA, Dec 28—In port bark Warren White, Net- MinroRD. Fi Feb $_Sid Toehinvar, Cole, Bristol Channel; By Comet, Wright (from NY Matron, Fet omar Wa Manssusgs, Feb: ar deaaaas Baopann Be York; Moses Minansane Sent nae Jan brig Gilmore Meredith, from jan bg rere Seo LaWa stron} IAYAGURZ, rt bi mst 5 I: eho, nson, for metres. of saa Pea- Iphia; keto for New Haven Feb tt ecck, Paun, for NYork, idg; eveue, for Philadel Commereo, Barnes, for do, ‘an A pperies Feb 6—In port schr Hanover, for Boston 9 Saraxzas, Feb 7—Are barks Welkin, Blanchard, Remi calogt Jorn, Livcy Ring, Thurlow, NYork; brig J Mela Metaiy Meln- tyre, Foriland; schr Juana Ward ( Sid 7th, Br schr Vernon, Milner, NY. Gould, Boston; Pei York; to, gag Sh rd, Portia: ‘Newrort, Feb “Uncle Joe, an Cape Verde lands. N Charleston ry when cotton; wg ‘ry sey foe Bee for tay (oer ton 2 days. 12th, steamer bel, and anothel both coti ‘destination unknown. Arr ato Jan 80, schrs Col McRea, Perry, SO; Feb 10, r. Davis, Charlestot; 12h, seamer Hers ce, a yan shez Alley Eepenten ae ys a Dei big Tam, Willams, for N¥ork 46 5 for lontsuours, Feb 5—8id BM Btron Port au Paixce, Feb 9—In Tekbel Bonrmes Bra for NYor FS days: Santee for Boston 3 eee dere 2 Raine oe ; Ide, aod cao cargo. S—Arr artis, aa Mist (Crom Mazatlan)? Hendon Daited States Ricxergon (crow Tauiave , Walter '8-ott, Graffam, from Ca Hap), a Bf at 88 See Gi a isdee, Muthu rica La Nort. Rewepiog, Feb4—arr "prigs ‘Neander (Bt), sonore ah, emarara, Cunni risaci POO et Pun Si , Hott Bunpanuixp. Fob I-Arr Heater Gucen Hal Holbrook, Hawre, Ast, Cine ‘Ann, Coomba, Genoa; etree ‘Wings of ‘the Pee lan 21—Arr Robt Pen reac Lata, Ur Tadeepi Neon Sr aeoiee Orr, ‘an, Fags in Harvest n, from St Thi for NYork ee vay. TI, Feb oake "hm vee els in port. jan $0—Arr 7! Greeno:k; Feb 8, Southard, “Hussey, Glasgow. "Bld iat, Minnessia, Syenea, woe Feb 5—Sid brig Nathan, Means, Philadelphia; echrE G K: Wena Ler, 1—Arr Gold Hunter, Rogers, Bastport, with part of ergo thrown ‘Westrorr, Feb 2—Arr Florist Tit NYork. ght Jan 'eI—Arr brig Ocean jabba, NYork; Feb& hr May, Smith, do. Steamenir Canava. at arene recnoeaneasl from New York }, Pc bag pene at Cork; 6th, Comet, at Bristol; at Li aia for rk Js Lillie, f1 see Calcutta ;.Feb 5, Edward, Cardit if: Gih, hts Great Wi rr Hamilton Gray, co and West" Polat, ‘trom ‘Liverpool 7th, Benj Adama, from Sid for Boston Jan 2, Sarah Newman, ene Art Unioa, from Calcutta; Feb 6, ate views Arr from NYork, Math’ at Ourdit Prince Albert, at burg; Lucy Heywood, at Cadiz, rap 3h ile, Sparrow, Liver. jazeilo, A At Eine ibe Ca Waccamaw, fou raid Zip Grind Nw fresh. barx Andes, und. a ship. from Manzi, Signa’ for two. brigs. Cld steamship Mis. sisal rio aps Deal's Inland, Ma? et . Nickersons N “ty eke Eveniide, as fates Sist-—-Arr bark Andes, Merriman, Matanzas via Holmes? H leeds, Grant, Phiteae la. Cid phe hs a wre Phiinde i bre i Mat Philadel brigs Del i, Crosby He ‘Lond Small, Havana, Chas Wesley, Fe gee (Br), Otsen, Cyd Hat iinet and Sopitin Parker Barnard, 'iuitinore; dusan, er, Higgins, a or, ri ne, ni ‘si pt jou, arse, Id steaners Missiesippr, Saxon; ay ts Feige Are sche Path Fubar Compton, Boa sehr hi ton. Cid Br bark C A Jones, cats “Ale Mowe, Askina, ey agues; Jorktown, Wh 20th—Arr acl ‘ale of Pines, Fre om. ‘Beil, Ro jerbare, Decker; Mas Jane, Ai Mott ¥ — Ry Yankee Dandie, — 2hst—Arr “tapas ae Steed. Demarara; pie Jaa Butler (Br), Hall St Domingos 4 4 Bird, French, Rockland, Ellen, Leland, NYork. Old rig W J Breit Park, schrs Jennie Morton, Green ‘oat Tndties: Ww rick, New Bedfor White omen wed 5 rai : vilence; Bony ag Rand Geo 8 Adams, Crowel ‘a’ Vancleat, Leinony NYOUE. fe py ire 19—Arr sebr J Mariin, Harding, Providence ov Sade lplsis "ite ABETHPORT, Feb 20—Cid achr Lion, Farbush, Boe “RBY WEST, Feb 12-<tn port rigs J P Wotherell, Stor. bif lae, Ship Istand, arr f2ihs Alfred) Butlock, NYork: Am brose Light, Bryant, Philadel ety ba ia; Alruccubal Connor, from Man to for Boston, repairtag foremaat, fact of of which as entried away ina kevare gate: Chasies denas for m, reps. ina ‘mer me dieg; Sane N Baker, Gander Sone Ptallad phia, do; Geo W Elims, from Ma: discharging cargo, with N Perry, Lamb—th in a day'or two— the GW is so latly damaged that it is thought imprudent on her tee ; Ephraim @ Anna, Dole, disg; Wi jerahon, Cole, from NYork er, Old Providence, dieg Bahames, arr 12h; Jd th. > Franklin, Avery, Elizabeth BEDFORD, Feb 21—Arr brig Ormus, Baker, Ha EW PORT, Feb 18—Are | soap Peele, Ox vogt Hazard, Wilson, tol for NYorl Leighton, and B'© Smith, Bove, from A: hy 2. Seatlower, Clark, Elizabethy Taylor, acedale; Sarah M ‘Sherman, Oe San Bt oh eae sia twood, Foster, from Boston for Aljncare brig Marcus, Crockett, Buckepart@for New Nort sehrs John, Shaw. = Kedron, Groves, Elizabethport for Boston: Flavia, Pinkney, Prowieetown for, wore ‘Meteor or echrs Pee eran for Yorks TH y Heanor ne New Bei ate ny do: WM Turner, Grant, Kimores Brie, Gilkey, Boston for NYork; ‘Roanoke, Bristol for do! wea Are bark Ariel, cishdiglins Providence for Goree Franklin, Demarara via St Thomas ilover, "Boston for Stamford; Adele H Havens, Ly eiphine, ‘do for Delaware for N ork, ‘ak er] herman, and schr Wan B ih ia ‘Fa Fel ate eth — Ross, Boy.” eet rag Tce cunt af head wind, schre 8M Sher nag tele my and others. Sid ‘edron, irbisty ‘aemalieN NYork for Provl. 4 MB Dyer, Pt Boston ip, an ‘urvere, way, Bl igubeinport; Gertrade, re i aia Porto a. Goratbaat dor Finutet,d oon SeutEADEL PHILA. te oyearere a o Wing, Ball man, Ponce; M Bos 5 Hi "BD, ay en ke eae sree nim, ae ‘Anmie, Isbin Pores ‘Glenfuegos. hid ship Niagara, b 0—Arr barks Mary C Fox, lale, Crowthe ene orn the an Ba Kse CBr) Sweetiat ee avant 148; fel Crowell Norn Winslow, Cuber a4 ei 1h eee PA A es i Ee ta, Elizabdet Biya ED eran. Yor a Dropped belowe an tenrater, Jones, NYork. Sid bare at erie, Ioan, hg ons fand went into Newport); solr re Bay, Nic ry NYork; schrs Lookout, riecctrataus Baa wcsaes Rta aaa Berita, Nor tia ta Hath, NY Bs ca aie Rae eee aT ortie Detawite, Manning, New vork BAK FRANCISCO, Feb 10—Arr ship Comnet, Todd, NYOHE, , schr Magrie Boll, Gilkey, Baltimore, WTehtORT, Feb Feb tii ‘ore Roblin, Ki man, Garde nas; 10th, schr Fisther, Hutchinson, Baltimore, York. Std eel gent into ‘Briatol); Hi: Saral enpihe arr seamner Rye Feb ateAcr ghr Larkin, Praukliv, Demarare via 8) 7