The New York Herald Newspaper, June 4, 1862, Page 6

6 NEW YORK HERALD. JAMES GORDON BENNETT, EDITOR AND PROPRIETOR. OFFIGEN. \¥, CORNER OF FULTON AND NASSAU STS. "ER. advance. Money sent by mail will be at the vibelthe om None hut Hank bills current in New York THE DAILY HERALD. two cents por copy. $7 per annum, THE WEEKLY HERALD, every Saturday, ab siz conta per or $3 per annum: the European Bdition coery Wednewlay, rai conts por copy: Sk per annuum to.any part of reat Or $6 12 touny part of the Continent, both to include postage; the fornia Hdition on the lst, Wich and 2lst qf each month, at aie ), or $2 75 per annum. ; oF $2 ver annum. c OLUNTARY CORRESPONDENCE, containing important aames, solicited from any quarter of the world; «f used, will be Qiderally paid for, Bg-OuR FowxiGN CORRBSPONDENTS ARE PaRricULARLY RuqumsteD TO Seal aL. Letrers anp Pack- AGES SENT US. NO HOTIOR taben of anonymous cqoveupondence, We donot return comununicutions. ADVERTISEMENTS renewed every day: advertisements in- serted in the Saris Besse Famity LD, and in the California and Bure ditions, JOB PRINTING executed with mented, heapness and des- Volume EXVIL.........0004+ seeree NOs 153 F AMUSEMENTS THIS EVENING.) MIBLO'S GARDEN, Broadway.—Tas Excuaxransa, WALLACE’S THEATRE. 644 Broadway.Wivas 43 ‘Tugy Werk anp Maips as Tury ARB. NEW WERY THEATRE, Bowory.—Excuantep ea oy PRogesss—Tuumrtng Legacy. BOWERY THEATRE, Bows Burg oF Vsmice— Faon’s Druax—Buwixn Auiv». BARNUM’S AMERICAN MUSEUM, Broadway.—Bany Suow—Com Norr—Livine Wuats, 40, as all hours,— Abmuawwe OF Dusspex—Joux Jouss, afternoon and even- ing. BRYANTS’ MINSTRELS, Mechanica’ Hall—472 Broxd- way.—Wuo Struck Br.cy Parreason. GATETIES CONCERT HALL, 616 Croadway,«Drawina Room Exteetainusnts, PEOPLE'S MUSIC HALL, 45 Bowery.—Soxas, Dances, Burixsquus, dc. PARISIAN CABINET OF Open daily from 10 A, iM. till TRIPLE SHEET. New York, Wednesday, June 4, 1863, WONDERS, 563 Broadway. — yee BS, way. TO THE PUBLIC. We have again to request that our business pa- trons will send in their advertisements before nine in the evening, in order to facilitate their classifi- cation under the proper heads. Attention to this regulation has become more than ever necessary, from the enormous increase in our circulation, which now exceeds 120,000 copies daily, and which obliges us to go to press at as early an hour as possible. In order that business people may derive the fullest advantage from a publicity so extensive, and which is greater than that afforded by all the other city dailies combined, itis essential that they should comply with our office requite, ments. Let them bear in mind that one adverti#e- ment published in its proper piace is worth a dozen inserted at random. THE SITUATION. The additional particulars of the battle of Rich- mond on Sunday, which we give to-day, prove the valor displayed by our troops. The bayonet charge made by our men drove the enemy more than a mile, something almost unprecedeated. One hundred and seventy-three of the rebels were killed in this charge by the bayonet alone. Gencrai McClellan was on the field, and his presence had an inspiriting effect upon the men. A full list of the killed and wounded has not yet reached us, but we publish to-(ay a large number of those who have 80 gloriously fallen in defence of their country. It is said that Jefferson Davis was present at the ac- tion on Sunday. So great was the disaster that the rebel commanders were not able to rally their troops, and they were compelled to fall back to Richmond on Monday. ral Hooker mnde reconnoissance in force y ‘day on the Williamsburg turnpike road to within four miles of Richmond, and did not find the enemy there in any large bodies. Their pickets were visible, but they retired on the approach of our troops. In the battles of Saturday and Sunday the rebels are said to have thrown forward the main body of their army and all their choicest troops. Having been defeated in these two suc- cessive actions, itis probable that the permanent defence of Richmond will become impossible. The opinion prevails in General McClellan's army that .the rebel capital will have to surrender on the next advance of our troops. We publish to-day a highly graphic account of the battle of Hanover Court House, from our spe- cial correspondent on the field. The main‘interest ‘attaching to this brilliant action is derived from the fact that it was an essential preliminary to the recent battle in front of Richmond, and to the capture of the capital itself, which is to ensue. Our news from the column of General Banks is dated Monday night. The whole Shenandoah valley has been cleared of the rebels by the com- bined movements of General Shields, General Fremont and General McDowell, from whose force a brigade of cavalry, under General Bayard, reached Strasburg in the morning, ond was ordered by General Fremant to join in the pursuit @ Jackson's army, who made three attempts to maintain.a position at different points, but were Griven from each with great loss. The rebels ‘Were attacked at Strasburg by Fremont’s forces on Sunday evening, and rapidly pursued on Mon- day morning by the troops of Fremont, Shields and Bayard. Their dispersion was complete. ‘The vigorous course which Governor Stanly is pursuing in North Carolina is fully displayed in our correspondence from Newbern to-day. He has completely out-distanced the fanatical aboli- tionists, who were doing #0 much mischief in that quarter by endeavoring to convert the purposes of the war into a mere abolition mission. CONGRESS. In the Senate yesterday, a bill was passed pro- viding for the raising of the property of the United * States sunk in the waters thereof. The House bill, ~ punishing polygamy in the Territories, with an amendment of the Senate annulling acta of the Legislataré of Uteh with regard to the practice, ‘was passed by & vote of 37 to 2. The bill prescrib- ing an additional oath to jurors was briefly dis. cussed. The consideration of the Tex bill was then resumed, and continue d till the adjournment. In the House of Representatives, Mr. John B. Stiles, of Pennsylvania, and Mr. F. F. Lowe, of California, were qualified and took their seats. A ae asking that Western Virginia be admitted the Unich a8 & new and independent State, was referrod to the Territorial Committee. The Hienate bill recognizing the independence of Hayti * pnd Liberia, ayd providing for diplomatic relations with those republics, was then passed by a vote of 86 against 37. Mr. Blair introduced a bill provid- ing for the removal of the Mint at New Orleans to St, Louis, A joint resolution that Congress finally adjourn on the 16th inst. was adopted, and the House adjourned. MISCELLANEOUS NEWS. Our dates from Hayti are to the 15th of May. The threatening insurrection that broke out at Aux Cayes in the interest of the ex-Minister Sa- lomon has been entirely crushed, and almost all the prominent rebels have been secured. They will be tried for high treason, and it is generally said that the whole party, to the number of about fifty, will be executed. The promptness with which the government acted deserves much com- mendation. Other parties besides those who openly took up arms in the south are known to be implicated; but no steps will be taken against them, and, even as it is, the Executive regrets having secured so many prisoners. Several of the insurgents are among the most respectable people of the island, and great efforts will be made to procure their pardon. With the thorough sup- pression of the shortlived, but really formidable rebellion, there remains no news of any political importance. Thé markets for both American pro- visions and English dry goods are dull and heavy, and will become worse as the season advances. It may not be generally known to the public that the beautiful iron French frigate Milan oan be seen to fine advantage, she being high and dry on Nicholson’s great balance dry dock, South street, East river. On the balance dock foot of Pike slip js the new United States gunboat Cayuga, being repaired. The crews of both vessels are on board, and being in such close proximity, a good oppor- tunity is presented of contrasting the physique of the Frenchmen with the gallant Yankee tars. The number of killed and wounded in battle during the present war is not so greatas many have imagined. We have gone over our records, commencing with the breaking out of the re- bellion, and believe the following figures embrace the whole number on the Union side, with the ex- ception of the loss sustained in the late engage- ment near Richmond :— Killed. Wounded. Bull Run . 1,011 Davis Creek, Mo. 223 7a i 120 266 ‘288 | 207 © 31 Roanoke 222 Fort Donelson. . i 1,735 .Fort Craig, New Mexico. 140 Pea Ridge...........++ 972 Attack of the Merrimac 201 108 Newbern... evoee OL 466 Pitsburg La 1,738 7582 ‘ittsburg Landing ’ f Yorktown...... 35 120 Forts Jackson and 30 119 Williamsburg... 455 1,411 Weat Point. ed 100 McDowell .. 37 225 Near Corinth. +» 21 149 Banks’ retreat, estimated.. 100 300 Hanover Court House. 53 296 HBhES.....0000e - 690 1,740 Total.......ccceeseeneee 5y79L 20,369 At the battle of Waterloo‘alone, tho loss on the side of the victors, in killed and wounded, was nearly four thousand more than our entire loss thus far in the present war. Judge James H. Birch, whose arrest in Missouri on charges of u‘tering treasonable language was announced yesterday by telegraph, is the demo- cratic candidate for Governor. When arrested he was on a stumping tour, and for the peace and quiet of the State his career was not brought to a close @ moment too soon. The New Hampshire Legislature will meet in Concord to-day. Governor Berry will be inaugu- rated for his second term to-morrow. The old Boston Advertiser and the little Boston Transoript—both republican papers—are engaged jnasmall fight over the actions of the Secretary of War. The former pitches into Mr. Stanton, and the latter is trying to defend him. When the news of the retreat of Banks reached Cumberland, Maryland, a crowd visited the house of Colonel McKaig, a noted secessionist in that place, set fire to and destroyed his barn, and then broke every pane of glass in his house. Only two journals, as faras we have seen, call the late engagement near Richmond a defeat of the Union arms, and those are the New York Tri- bune and the Toronto (Canada) Leader. Astatement of the finances of the kingdom or Italy has been published by the Secretary of the British Legation at Turin. The public debt amounts to £34,240,000 ($421,200,000), and the an- nual revenue to £19,330,080 ($96,650,000). It is calculated that the conquest or acquisition of Ve- netia, and the satisfactory solution of the Roman question, would raise the capital of the national debt to £130,000,000 ($650,000,000). On the other hand, it is anticipated the revenue will be £36,000,- 000 ($180,000,000). Yesterday we had a foretaste of the very warm weather which the meteorologists promise us this summer. The heat between noon and three o’clock P. M. was exceedingly oppressive, causing the per- spiration to flow abundantly, and bringing light coats into general requisition. The Grand Jury of the General Sessions were empanneled yesterday—Charles H. Haswell fore- man. Recorder Hoffman delivered a brief charge, requesting the Grand Jury to act upon the papers which would be brought before thom as speedily as possible, in order that they might be discharged early inthe month. Richard O'Neill, who was in- dicted fora felonious assault and battery, pleaded guilty to assault and battery. On the 22d of May he pointed a five barrelled ¢evolving pistol at George Knapp, of 76 Lewisstreet, and violently assaulted him. O'Neill was a Metropolitan officer; but he has been deposed since the commission of this offence. He will be sontenced on Wednesday, The Board of Supervisors were in session yes- terday, when the sum of 980,000 was appropriated tothe Commissioners of the + Court House. A communication was received from his Honor the Mayor, stating that he thought the expenditure of $4,179 25 for advertising the annual report of the Board in seventeen newspapers was @ wasteful expenditure of the public money, and in his opinion every purpose would have been answered by inserting it in the three papers having the largest circulation, by which means $3,360 would have been saved to the county, and that hereafter he should not give his sanction to a similar expen- diture. The monthly report of the Comptroller, containing tabular statement of the expendi- tures on county account to May 31, was receiy- ed, and shows that the expenditures to that time amounted to $1,584,262 98, and the balance re- maining unexpended to $3,371,939 25. The Board adjourned until Tuesday, the 17th inst. The market for beef cattle was decidedly better yesterday. There was a large falling off in the receipts, as compared with last week; yet the supply was fair. The demand was good, and prices advanced fully half # eent per pound, vary. ing from 7c. to 9c. per pound. Sheep and lambs were dull and lower, varying from $275 to $5 a $65 50. Other stock was unchanged. The totaj receipts wore, 3,564 beeves, 106 cows, 597 veala, 8,347 sheep and lambs, and 10,873 swine. The stock market was buoyant yosterday, and all classes of securities wero better. Governments rose 4 per cent, and railway shares from 3 to 1 percent, The losses of the parties who have been sellers of stocks must be considerable, The money market romaine eary; call loans $46, Exchange 114% 0%. Gold 108%. The cotton market contimued to rule quite firm yester- day, with sales of about 1,100 bales, on the basis of Sic. & 81340. for middling uplands, chiefly at 3110.0 31146, The sales the day before yesterday embraced about 900 bales, making thetotal for the two days of about 2,000 bales. The flour market ruled hen: closed at @ further decline of bc. por bbL., especially for Superfine and medium grades of Stateand Western. Wheat was heavy and irrogular for common qualities of State and Western, of which the chief supplies consisted, while 00d to choice qualities were firmer, Corn was rather better and in good demand, with free sales of Western mixed at 480. a 49c., in store and delivered, with some lots reported at 50c. Pork opened heavy and dull, ‘Dut closed with rather more buoyancy. The sales em- braced mess at $11 50 a $11 6234, and primo at $9 25a $950. Sugars were active, at a decline within ten days past of 3c. to sc, per pound, Tho sales em” braced about 1,800 hhds, and70 boxes. Coffee was quiet, in view of the anction sale to come off to-day, Tho stock comprised 111,911 bags of Rio and Santos, anda total of bags and mats, of all kinds, of 167,222. Freights were heavy, with less offering, whilo rates, o6- Pecially to Liverpool, favored shippers. We refer to another column for quotatiors. The Progress of the War in Virginia— The End Near at Hand, As we continue to receive the details of the fighting on Saturday and Sunday in front of Richmond, the repulse of the rebels and the general advance of our army indicate more and more a positive and important Union victory. It is proved again that, in bringing his troops to the practical use of the bayonet, General McClellan, for active fighting in the woods, has secured an immense advantage over the rebels. Behind trees and bushes it is difficult to dislodge an enemy with bullets or bombs; but a dashing bayonet charge does the work at once. It will be seen that our troops performed some very brilliant and decisive operations on Sunday last of this description; so very decisive that on Monday morning, the rebel officers being unable to rally their troops, they all retreated back towards Richmond, leaving “Fair Oaks,” the original advanced position of General Casey, again in our possession. Gene- ral Porter meantime, to the northward, has cut off the rebel communications between Rich- mond and their forces near the Rappahannock, so that those forces against General McDowell are disabled from calling up reinforcements from Richmond, and from retreating there to assist Johnston, except by a very long, incon- venient and roundabout journey. We have no doubt, however, that Johnston’s want of provi- sions is such that he is not over anxious for re- inforcements of consumers, and that his sortie of Saturday last was enforced from the necessity of opening, if possible, a passage through the lines of McClellan to the back country, upor whioh the Richmond rebel army has mainly depended for its support. The city, be- ing now cut off from its principal sources of supply, and having but a very limited quantity of subsistence on hand, cannot much longer hold out. The army of Johnston must fight, fly or surrender, and one or two of these alternatives have become the question of to- day or to-morrow. Meantime, according to the latest reports from the valley of Virginia, the combined forces of Shields and Fremont have been making short, sharp and decisive work of the rebel forces of Jackson and Ewell. Whatever may be the precise facts in connection with these reports, it is very evident that for some days past Jackson and his supporting detach- ments under other rebel leaders in the valley of the Shenandoah have been mancuvring not to fight, but to escape our enveloping com- binations. His recent triumph has been very brief, and his late bold dash for a descent into Maryland will be apt yet to end, and that very soon, in the capture of the bulk of his forces. It would appear from our last accounts that Jeff. Davis, the embodiment of the rebel govern- ment and the rebel cause, still sticks to Rich- mond. We apprehend that, if left to his own discretion, he would prefer to be much nearer the Mississippi river, but that he is constrained to “die in the last ditch,” or run the hazard of being esptured, in order by his presence to prevent the demorslization and dispersion of his army of the East which seem to have be- fallen his supposed invincible army of the West. Steadily and surely General McClellan is enclosing him in his iron grasp, and from hour to hour we anticipate the news of the last despairing and useless struggle of the rebels for their Confederate capital, government and cause; or the march of our forces into Rich- mond, close upon the heels of the evacuating army of Johnston, without further fighting of any moment. ne We place no reliance whatever in the rumors that the women and children of Richmond have been moved off,so that the rebel army may dispute with us its occupation, even in the streets, and as a last resort leave us only in possession of city reduced to ashes. If in their crnel desperation they have been debat- ing any such barbarous expedient of savage warfare, they have doubtless rejected it, asa proceeding which would be ruinous only tg themselves and the innocent sufferers fallirig under their control. No. The rebels, if rout- ed from Richmond, will leave it to our protec- tion ; and if compelled to fly, and time be al- lowed them, their work of destruction will probably be limited to the military stores and materials which they cannot carry away, and to the bridges of the James river. Wo await in confidence and patience the crowning achieve- ments of the war under the army of General McClellan. Covrtestes to Distmncvisuep Foretaners.— The city of New York is now honored with the presence of some of the foremost men of the Old World. These notabilities have come here to see the wonders of the great American metropolis, and to judge accordingly. They are naturally and deservedly attracting great public attention; for the people of this country are universally noted for their exuberant hos- pitality to strangers. Among these distinguished foreigners we have General Prim, Conde de Reus and hero of Castillejos—one of the most illus- trious officers and statesmen of old Spain. His well known and undisguised sympathies with democracy have gained him many friends in America, and well does he deserve them. We also have among us the French Admirals La Graviere and Renaud—two leading repre- sentatives’of the French navy—and an entire squadron of French ships-of-war. The officers of theso vessels are all high-toned gentlemen, friendly, patriotic and courageous, and there- fore worthy of all the courtesies and kind at. tentions of our people. While Genoral Prim, as the honored representative of the Spanish army, is being treated with all the respect and attention which hie private character and his public office so well deserve, the claims of these “distinguished French admirals should not be for a moment forgotten. General Prim has had s hearty welcome. Ho has been taken to visit our public places, arsenals, shipyards and other institutions, and the Common Council of New York has offered him the “hospitalities” of our Empire City. This is all right and proper, and in consonance with the feelings of our whole NEW YORK HERALD, WEDNESDAY, JONE 4, 1862.—TRIPLE SHEET. people. But something ought also to be done for the French officers we have alluded to. They occupy very high positions, and are greatly esteemed in France and in Europe. Admiral Jurien de la Graviere is on intimate terms with the Emperor Napo- loon, and he is celebrated as the author of some important works on naval tactics. His gentle- ness and moderation as commander of the French naval expedition to Mexico are also de- serving of note. Such a distinguished officer and gentleman, with his fellow admiral, Re- naud, should not be allowed to leave these shores without some public marks of our friend- ly appreciation. The letter of General Prim, written in Ori- zaba, and published in this paper afew days ago, shows that he is a philosopher as well as a. statesman and a soldier. In retiring from the Mexican imbroglio before further compli- cations could arise, he acted most wisely, leav- ing the generally astute Emperor of the French to grapple alone with a very serious difficulty. But, although the acts of Louis Napoleon in Mexico may yet involve a war between this country and France, it is no reason why we should neglect the present opportunity to show our esteem and friendship to his gallant repro- sentatives now among us. We must not exactly kill them with kindness; but we must take time by the forelock, and, before they start on their return to Vera Cruz, extend to them the hospi- talities of the city and the honors we are al- ways ready to shower on all friendly and dis- tinguished strangers. * Treachery of the Tribune. The chief organ of abolitionism in this city, conducted by Gretley & Co., glories in the de- feats of our arms, because, it contends, every reverse helps emancipation. Hence it is that it gloated with malicious satisfaction over the repulse of Hooker’s division at Williamsburg, and now it rejoices in the cutting up and rout of Casey’s division in the recent battle at Fair Oaks, near Richmond. In both cases the Union General, McClellan, bas been assailed by the ‘Tribune, and the misfortune of war attributed to his want of skill, if not to treason. The ob- ject of Greeley & Co. is to destroy the confi- dence of the army in their generals, that thus they may be overthrown, “emancipation help- ed,” and the dissolution of the Union finally consummated, Henge it was that when the news of the rebel chief Jackson having driven Banks out of the valley of the Shenandoah reached this city, Greeley exulted in the disas- terin the following language, for which see editorial article in Tribune of Thursday last:— ‘We, who stand for emancipation, have so clear a case that wecan afford to wait. Every march in the rebel region, showing our soldiers who are their friends and who their enemios, makes some converts to emancipa- tion. Every defeat, with ts rebel treacheries and butcheries, helps it still mere. It is said that 2 candid confession is good for the soul. Now, here isa frank confession on the part of the leading organ of the negro abo- lition conspirators, in and out of Congress, that rebel butcheries of loyal troops are in- tended to help emancipation; in fact, that every defeat is designed to fielp it. Hence these conspirators plotted and contrived to have the division of General Banks so weakened that it might be betrayed into the hands of its enemies and butchered without mercy, and this foul murder was done. The white men of the North were caused to bite the dust, and their wives and children made widows and orphans, in order that the blacks of the South should be let loose upon society. And the loyal Union men in the valley of the Shenandoah were left to be again maltreated and slaughtered by the rampant rebels because it “helps emancipation.” This was the motive of the “On to Rich- mond” cry, which resulted in drawing the Union forces into a snare at Manassas, which was followed by. the disastrous rout of Bull run last July. It was all right thus to sacrifice white men, because the treachery, butchery and defeat helped along emancipation. It was with the same purpose that McClellan was assailed during the last fall and winter because he would not run _ his head into the same trap. The design of the bloody minded and treacherous abolitionists was to have his army slaughtered. When he insisted upon carrying out his own plans, and marched upon Richmond by a different route from that of Manassas, the conspirators suc- ceeded by their intrigues in so weakening his force that it was in danger of being cut to pieces on the peninsula, till he insisted on having the troops of which he was so suddenly deprived restored to him. When that plot failed, then they resorted to the plan of having the division of Banks so reduced that the rebels might annihilate it, and regain possession of the Shenandoah valley. That the whole force was not killed or captured seems almost a miracle, and is owing to the extraordinary coolness and activity of Banks. That his column escaped is held by the fanatics to be a misfor- tune; for, according to the reasoning of their organ, the more Union men who are betrayed, butchered and defeated, the more emancipation is helped. This is the reason why, in the editorial columns and the correspondence of the Tribune for the last two days, touching the recent battle on the Chickahominy, lurk profound regret and disappointment that the disaster to the division of Gen. Casey did not become a dis- aster to the whole army; for such a terrible defeat and butchery would “help emancipa- tion still more.” But for this satanic treachery there is a day of reckoning and vengeance to come. Geverat, Fremont m Morion—The com- mander of the Union forces in the Mountain Department has successfully conducted his troops through the mountains, and brought up in the Shenandoah valley. It appears that some. ten days since he was ordered to support General Banks, and in executing that order took the wrong road, which led him in a round- about way, and he only arrived at Strasburg in time to catch a glimpse of the rebel rear guard in its retreat from the pursuit of General Banks. It was expected in Washington that he would capture the rebel army under Jackson, and his failure to do so has caused considerable chagrin at the national capital, with complaints that he does not do anything. Thése gentlemen are altogether too fast. General Fremont has got through climbing mountains, and is now in the valley in pursuit of the enemy, and will no doubt be able to put an end to Jackson’s raids in that section of the State, and to perform brilliant feats that will atone for his not arriving in time to capture the rebel army, even to the satisfaction of those who are complaining about the escape of Jack- son’s command. He is now where he can rapid- ly pursue the enemy, and will no doubt imme- diately attack and qnnihilate Jackson’s forces, The Fraudulent Issues of Indians State Bonds. Wall street bas been in s commotion for several days past over the preliminary de” velopments of a fraud in the issue of Indiana State bonds that bids fair to assume gigantic dimensions, and is likely to eclipse anything of the kind that has taken place in Wall street during the last twenty years, possibly exceed- ing the Schuyler frauds go long notorious. There is yet a great deal of mystery about the whole affair, and no one knows the number of bonds issued or the amount fraudulently thrown upon the market. There appears to have been the greatest possible looseness about their issue, and as yet no one can tell—not even Mr. Stover himself—the amount that has been of- fered to the public, Whatever fraud there is in this matter seems to have grown out of the loose manner in which the business was done at the office of the Indiana State agent in this city, and ex- tends back to 1859. It appears that the State authorities have been in the habit of sending a blank book of bonds to the State agent in this city each and every year. These blank bonas were all signed by the necessary State officers and registered before they were sent from In- dianapolis, and only needed to be filled up by fhe agent here and counter- signed by him to make them valid; nor did the State officials require a statement of the number issued, or the return of the books at the close of the year. The State agent, up to the latter part of the year 1859, was also permitted to employ the signature of his deputy, or clerk, in verification of the cer- tificate as finally issued. This practice pre- vailed until the hazard of this looseness caused a change in the system of verification ; but, strange to say, the State officials did not even then recall the blank books that were used under this loose system, but left them where further irregular issues could be made. It is ru- mored that one or two of these books disappeared from the office, and that the blanks were filled up and extensively used to raise money in Wall street. The State authorities long since appa- rently had suspicion that irregular issues were being made, but took no steps to stop them, simply securing the passage of a law declaring thatthe State would not be responsible for any irregular issues made in New York. It farther appears that the State officials of Indiana wero here about six months since, or at leastas long ago as last January, and were at that time cognizant of the fact that there was a large irregular issue; and after consulting with the State agent, legal officials and parties in Wall street, pledged themselves to keep it a State secret on the ground that an exposure at that time would injure the credit of the State and prevent their negotiating the six per cent war loan then on the market. In this manner they succecded in covering it. up and keeping the fraud from the public until. a few days since, and are thereby guilty, under the laws of this State, of compounding the felony and punishable by imprisonment. All those offi- cials who knew that this fraud existed, and con- nived at it by not taking immediate steps to ex- pose and arrest it and punish the guilty par- ties, have committed a criminal act, and are punishable alike with the principal in the affair by imprisonment; and let us see if our legal officials and courts of justice will discharge their duties. It has already been ascertained that nearly two millions were irregularly or fraudulently issued and disposed of here, and ft may yet be shown that as many more, or even double and treble the amount, may have been sent to Europe and disposed of there. Inasmuch as the agent was permitted to fillup the blanks just ashe desired and dispose of them whenever he chose, there is no telling at present what has been done nor the real extent of the fraud committed. The Indiana State officers who consulted with parties here several months since in regard to the exposure acted, it is said, under the idea that the credit of the State would suffer by the exposure. Their silence in the matter, now that it has come out, has in- jured the State’s credit a hundred fold more than if it had been promptly and fearlessly met at that time. Had a decisive course been taken by the State officials the financial world would have geen that there was a desire on the part of the authorities of the State to protect its interest and credit; but, on the other hand, they being in possession of the facts, with full knowledge of the fraud, as the sequel shows their countenancing the act uniil the natural result of business makes it known to the public, places the State in the position of aiding and assisting the fraud, and makes its officers accom- plices in compounding the felony by keeping ita “State seoret.” Their case is one that de- mands immediate, decisive and prompt action on the part of our legal officials here. Mr. Stover, the person who is charged with being the principal in the affair, has been ar- rested, and will no doubt be punished; but the matter should not be permitted to rest there, It is of the greatest possible moment that the financial record of the Northern States should be without # blemish and purged of every sus- picion of fraud during the trying times that we are now going through. European govern- ments should not have the opportunity to point to single act on thé part of any of the Northern States that could awaken the least suspicion or tend to injure our credit. The connivance in this fraud on the part of the officials of one State reflects upon all of the loyal States, and the only way to remove this blemish is for our authorities to boldly and fearlessly take hold of the matter and deal out to the guilty parties the punishment that their attempt to cover up the fraud justly merits, Every and all officials who countenanced the fraud, and are thus guilty of compounding the felony, should be dealt with to the full extent of the law. Let the proper authorities in New York whose duty it is to execute the laws in reference to these negligent and guilty officials see to it that they do not increase still farther the namber of guilty officials by remaining quiet and taking no steps to bring about their pun- ishment. Let them promptly p' to re- move the stain from our financial record and good name that the criminal act of these State officials has placed upon it. This much, at least, the public demands at their hands, ———— Tun Union Sentiment Apvanctno.—There is no mistaking the growth of a strong Union sen- timent in North Carolina and Tennessee, from all recent indications, In fact, it so complete- ly permeates each of those States that they may almost be considered as returno’ to their alle- giance. In Tonnossee, the meeting held at Murfreesboro, the hotbed of secession, proves that the people of that section are waking from the apathy of ignorancy and casting off the shackles of treason. They came from all quary ters of the country, at the call of the Uni men of the city; and, though timid and doub at first, when warmed up by the addresses of Governor Johnson and other Union speakers, they began to recognize the value of the gov, ernment they had disregarded, and the wicked> nese of the rebellion into whose jaws they bad fallen. Tennessee, then, with her rebel de- fenders bafiled and the authority of the United States restored there, belongs to us again. The same is true of North Carolina, as recent events prove. The United States has a Gover- nor there in the person of Mr. Stanly, a wise and discreet official, as is abundantly showa by the record of his executive action, furnish- ed by our special correspondent at Newbern in his letter published this morning. Governor Stanly, immediately after his arrival, grasped the designing fanatic abolitionists who had been despatched from New York to North Carolina, with a strong hand, and by a few well timed official papers caused them to respect the State lawa with respect to the matters of opening schools for negroes and harboring run- always slaves. In point of fact the school have been closed and the fugitive contrabands restored to their owners, pending.the final set- tlement of the great questions of policy in- volved in the war. Messrs. Colyer and Helper, two abolition chiefs, immediately left Newbern in disgust for New York, to the great de- light of the faithful Union inhabitants of the place and the rapid extension of the feoling of loyalty in the State. North Caroling sees her ports opened, and the people are showing, by the nomination of such men as Graham, Gilmer and others to represent them in Congress and the guberna- torial office, that they are heartily tired of rebel oppression, and are anxious to return to their allegiance to that flag which has fostered and protected the Old North State for so many years. , The National Currency—Necessity of Its Extension. We are glad to hear that it is the intention of the Secretary of the Treasury to call upon Con- gress to remedy the great want of the country and the chief defect in the late act authorizing the issue of United States Treasury notes. The great want of the country throughout its whole length and breadth is 9 uniform stable curren, cy, based upon unquestionable security and ad- mitted authority. Such a currency, limited by Congress, issued by the Treasury Department, secured on the national faith, and convertible on demand into the best securities in the world, is already supplied by the United States Trea- sury demand notes. 1 But the chief defect in the act authors izing this currency is that the denomina- tions of the notes are too high; for the people require for everyday circulation, notes of @ smaller denomination, such as ones, twos and threes. This want we hope to see supplied by Congress without delay. It is a meagure im- peratively called for by the wants of the coun- try; and, contrary to the shallow views of one of our contemporaries, it will be a measure im accordance with the soundest principles of political economy. The system of currency inaugurated by the State of New York has proved the best in the world, rendering New York bank paper as sound and solid a currency as gold it- self, and infinitely more convenient. But there is one great defect in the New York sys- tem—namely, that it is local, and its benefits hardly extend beyond the State itself. This defect will be fully remedied in the admirable plan proposed by the Secretary of the Trea- sury. The Treasury notes will be secured om the national securities, in the same manner as our New York paper is secured on the securi- ties of the State of New York, and they will therefore be as far superior to the latter cur- rency as the national credit is superior to State credit. Again, the currency of the State of New York is limited to the State; but the national currency will form a uniform system of circulation throughout the Union, which is the very desideratuin the country stands in need of. In this respect, great as have been the im- provement and security introduced in the New York system, this application of it to the whole country by the general government will be an improvement similar in extent to the superiori- ty of steam power over horse power. The plan proposed by the Secretary of the Trea- sury is in fact the simple and well tried plan of the New York system of perfect security, generalized and extended throughout the Union by the action and on the faith of the national government. It is the conversion of a local benefit into a universal one, like the application of steam power in lieu of horse power. It is no experiment, as some shallow journalists pretend it to be. If the system has been found to answer perfectly when used by @ single State, and applied only to that one State, much more it will be better when used by the national gov- ernment and applied to every State in the Union. The new system of Treasury de- mand notes has already proved a perfect success. There is no mistake here. The notes of our national currency are at a premium where those of private State banks will hardly, if at all, circulate. It will therefore be to the interest of the banks to provide themselves with United States Treasury notes for their circulation, as they now do from the State, and thus promote a uniform instead of a mere State currency. The more general extension of the advan- tages of a national currency by the issue of notes of smaller denominations, adapt. ed for common daily circulation, will conse- quently render the success greater, by extend- ing the benefits of the system all over the country. Throughout the States the people are not merely satisfied with the national cur- renoy, but hail with delight the advont of a circulating mediam uniform throughout the land, which can be always confided in abome any banking currency which hitherto has eger peen circulated among them. me ae It will make no difference to the bén whether they receive their notes frora the State or from the general government, but it will make a great difference in favor of the people, by equalizing the home exchanges, and establishing one general uniform curkency. Pimasant Att. Rounp—We see that, Alder, man Genet’s resolution, offering the hospitali- ties of the city to Thurlow Weed on his return from Europe, has passed both byards. This is all right. Thurlow Weed ts just the man to pick out for such @ compliment. He isa first rate political manager, has his slate, with sponge and pencil, always at hand, and never forgets a sgore fori‘ or enemy, Geuet ig