The New York Herald Newspaper, July 8, 1862, Page 4

4 NEW YORK HERALD. JAMES GORDON BENNETT, EDITOR AND PROPRIETOR. OF FULTON AND NASSAU STS, AMUSEMENTS THIS EVENING, NIBLO’S GARDEN, Broadway.—Tax Nigat Daxouns. aan THEATRE, No. 844 Broadway.—Domasy & LAURA KBEENB'S THEATRE, Broadway.—Youxa Pxunce—Katry O'Saxar BOWERY THEATRE, Bowery.—Zingama—Winow's Vi0- (RKLAND AS 17 Is—Nick oF Tax Woops, BARNUM'’S AMERICAN MUSBUM, Broadway.—Com. otr—Lesayxp Seal, 46, at all hours QOinpERxLLa, af- ‘noon and evening. ‘ CHRISTY’S OPERA HOUSE, 585 Broadway.—Eratorias Bonas, Dances, éc.—Biny —_ we MINSTREL HALL, 514 Broadway.-Eraioriun Pinay es (@0.—Diniss Lamp. NATIONAL AND MUSIC HALL, Canal Pa an, ay au. SASS AERS BAL1,. $5 Septeen Damen \ PEOPLE'S yume HALL, 45 Bowery.—Soncs, Daxozs, PARISIAN CABINET OF WONDERS, 563 Broadway.— Open daily from 10 A, M. till 10 P.M. hs | New York, Tucsday, July 8, 1862, — THE SITUATION. General McClellan’s army had another skirmish with the enemy on Friday last on our left wing, which resulted in the total defeat of the rebels, and the capture of one thousand of their men and three batteries. Our cavalry followed up the enemy through the WhiteOak Swamp. Important events on the James river may be looked for before long, although we are not at liberty to state what the precise movements will be. A rebel gunboat was captured there on Friday and brought down to Harrison’s Landing with some valuable docu- ments on board. Our despatches and correspondence from the peninsula are full of interest. They contain the details of the late battles minutely described. Our Jatest accounts are up to eight o’clock yesterday morning, and report everything quiet, and that the army is in excellent spirits. We have no news of consequence from the West to-day. The Europa, which afrived off Cape Race on Sunday night, brings two days later news from England. The Americam question still occupies the highest attention of the Britis8 public and the British press. The London Times says that the superior numbers and resources of our govern- ment is certain to prevail in the end, but that the tenacity of the South and the immense force they have in the field must necessarily create a terrible loss of life on both aides. The Herald, the organ of the aristocrats and the opposition, says very plainly that the restora- tion of the Union would be a calamity not only for Europe, and for England in particular, but for the North itself. It says that the Union is “a nuisance among nations;’’ that the cause ‘of the South is favorable to England. Self-interest, it ways, would have justified interference before this bad not internatiopal morality forbid it. Even now, if there was any hope of an early settlement, no one would dream of interfering. As matters stand, however, it adds it is time that some de- cided action should be taken by France and Eng- Jand in behalf of justice and humanity, as well as for the protection of their half ruined manufacto- ries and hungry operatives. The Mexican trouble exercises the press and the statesmen of France. In the French Cham- ‘ber of Deputies M. Jules Favre censured the ex- Ppedition to Mexico, and demanded an explanation of its purport. He argued that the honor of France required that she should treat with Mexico and withdrew. M. Billault, in reply, said that France had insults te avenge upon the Juarez government. He declared that the Em- peror would leave} the people entirely free, when the French flag floats over the capi- tal of Mexico, to vote for whatever govern- tment they might choose. The Paris correspondent of the London Times says that it seems decided that reinforcements will not sail until after the arrival of another mail; and if'the French troops are not then in danger it is thought reinforcements will not, sail until the hot season is over. The Paris correspondent of the London News says there is evidently hesitation on the subject of Mexico, and he thinks that it is not unlikely that the principles of the expedition are undergoing a eeconsideration. The Paris Patrie goes farther, and esys that the embarkations for Mexico are provisionally suspended and reduced. CONGRESS. In the Senate yesterday, the Finance Committee reported back the Tariff bill with amendments. Mr. Chandler, of Michigan, offered a resolution, which lies over, calling on the Secretary of War for copies of all orders of the Executive to General MoCiellan relative to the advance of the Army of the Potomac on Richmond, snd all the correspon- dence between the said General McClellan and the Executive, from the date of the order of the 22d of February to the advance on Manassas up to May 1; also a statement of the numerical force O% the Army of the Potomac, as shown by the rolj in November, 1861, and in January, February and March, 1562; aiso the number of troops Gene- ral MoClellan took from Fortress Monroe, the umber at the fortress, and the reinforcements sent to him up to June 1, 1862. A Committee of Conference was ordered on the Treasury Note bill, and afterwards the bill was passed. The re- port of the Conference Committee on the bil) regulating the pay and emoluments of army offi- cers was agreed to. The bill supplementary to the act abolishing slavery in the District of Co- lumbia was passed. The general Pension‘ bill was also passed. The bill to provide provisional governments in certain cases was then taken np, and a long and interesting debate ensued, during which Mr. Chandler, of Michigan, grossly abused General MoClellan for his condact a8 commander of the Army of the Potomac. Without taking action on the bill the Senate adjourned. In the House of Representatives, Mr. Diven, of New York, asked the House to excuse his col- leagues, Messrs. Van Valkenburg and Pomeroy, and himself, from service for the remainder of the Session, a6 they desired to return to their respec: tive districts, to aid in raising troops. The re- quest was granted. The preamble offered some time since, setting forth that General Banks, on his retreat, compelled white men, women and children, to walk, while he permitted stout ne- groes to ride in wagons, was laid on the table by @ vote of seventy-one against forty-two. A reso- lution directing inquiry into this subject was adopted at the time the preamble was offered. The Judiciary Committee were instructed to in- quire into the expediency of ascertaining the losses of the people of New Mexico, and the general government, in that Territory, by the authority of Texas. and the confiscation of so much land of Texas, as will make indemnity for the losses incurred. The Committee on Private Land Claims were instructed to make full investigation into the patenta for lands in- cluded in the Fort Leavenworth military reserva- tion. The Senate bill establishing arsenals at Columbus, Ohio; Indianapolis, Indiana, and Rock Island, Illinois, for the deposit and repair of arms, &c., was passed. The Senate bill to carry into ef- fect the treaty with Great Britain for the suppres- sion of the African slave trade was passed. A bill was introduced to make good to the several Indian tribes the amount of Trust Fund bonds stolen from the Interior Department by the traitor Floyd. The remainder of the session was occu- pied in general debate. MISCELLANEOUS NEWS. The Eyropa, from Queenstown the 29th of June, passed Cape Race on Monday, the 7th of July, on her way to Boston. Her news is two days later than the advices of the Hibernian, and ap- pears, in the form of a telegraphic report from St. Johns, Newfoundland, in the Hxnaup this morning. The Liverpool cotton market was reported by the Hibernian. Flour was firmer, and middling descriptions improved. The provision market was downward. The news from the continent of Europe by the Europa is not important. The United.States mail steamer Champion ar- rived at this port last evening. She brings us later dates from the Isthmus and the United States of Colombia; but the news is of no great importance. The troops landed on the Isthmus by the officers of Mosquera’s army had safely arrived at Panama, and the troubles caused by their first appearance were gradually subsid- ing. American affairs were occupying a great deal of public interest. The desire of the people of Panama, as stated by their journals, is to see a united country and an undivided republic. The health of the Isthmus was good. The bark White Sea, Captain Evans, arrived yesterday from New Orlans, after a passage of eighteen days. She brings 1,020 hhds. sugar, 67 bales of cotton, and 30 bbls. of molasses. The heat is in the crescendo just now, running upevery hour at a fearful degree, and causing perspiration te flow in perfect torrents. In the shade, at noon yesterday, in rather cool locality, the mercury stood at the sweltering figure of 90 degrees Fahrenheit. It was decidedly the hottest, closest and most uncomfortable day of the season. There was a dull, heavy character in the heat, too, which made it almost insupportable. The mercury kept at a very high figure all day, at five o'clock in the afternoon marking 88 degrees, without a single breath of air stirring at that. About half-past seven o'clock, however, a very perceptible change for the better occurred. A light, cool breeze set in, the sky darkened somewhat, and all the indications of a rain storm showed themselves. Big, heavy drops soon came down andastorm of thunder and lightning followed- The flashes of the electric fluid were extremely brilliant and beautiful, lighting up the whole city with a natural illumination, and purifying the atmosphere very perceptibly. The change was highly pleasing to the half roasted denizens of the metropolis. The Tammany Society hada meeting at the Old Wigwam last evening, “half an hour after the setting of the sun,” the attendance being very fair, considering the late Fourth of July anniver- sary. Our reporter did not learn that business of any startling character was transacted. The thunder storm having been coincident with the assembling of the sachems and braves, was not necessarily the effect thereof. The Board of Councilmen held a short session last evening. The Comptroller sent a communica- tion to the Board, recommending that the ordi- nance relative to the payment of the fami- lies of the volunteers be amended so as to authorize him to make the payments semi-monthly, instead of weekly, in conse- quence of the scarcity of coin. The paper was referred to the Committee on National Afiairs. The second quarterly report of the Street Com- missioner was received. The resolutions of the Chamber of Commerce relative to the condition of the nation, which were presented in the Alder- men, were received and laid over. The Board adjourned till Thursday. The'Board of Excise held its forty-first session yesterday, and thus far has granted three hundred and sixty-nine licenses. To-morrow the Police Jus- tices intend to begin to issue warrants against all unlicensed dealers, as all the licenses granted last year willthen expire. Nearly all the respectable and responsible dealers have applied, as they are satisfied that the government tax will be rigidly enforced, and that unless they obtain the State license the government license will be of no avail- This will cut off nearly all the disreputable dealers. The Board will hold only nine more sessions, and is determined to close the commis- sion as soon as possible, by holding consecutive daily sessions; so that all who wish to obtain licenses must apply immediately. The July term of the General Sessions com- menced yesterday, and will only last one week, as District Attorney Hall and Judge McCunn have determined, in view of the intense heat, to dispose of the prison cases as expeditiously as the ends of public justice and the rights of the accused par- ties will permit. The Grand Jury, of which Mr. James M. Cross ie Foreman, were sworn in and briefly charged by the City Judge upon the usual legal points. A large calendar of cases was ready, but, owing to the absence of counsel and other causes, no jury trials were had. The exports of breadstuffs from this port to Europe during the last week were 890,394 bushels of grain and 89,197 barrels of flour, being the largest shipment of flour ever made to Europe from this port in one week. Provisions in extraordi- narily large quantities are also going forward. The number of vessels entered at this port from foreign ports during the month of June was four hundred and forty-two, and the number cleared for foreign ports during the same period, four hun- dred and eight. The stock market was nearly steady yesterday, with. out much activity. New York Central was lower; the Western shares and bonds higher. Money was fairly active at §a6 per eons. Exchange, 1213¢ » 122. Gold, 110% a 3g. The bank statement shows an inerease of $067,803 in specie and $206,317 im jeans, and a decrease of $876,174 in deposits. F The cotton markot was quite firm yesterday. Owing to the government public sale of prize and confiscated cotton, to come off to-day and to-merrow, the sales were confined to about 260 bales, closing stiffon the basis of 40c. per pound for middling uplands. The flour market was heavy, and deelined frem 6c. to 100, per bbi., while sales were to a fair extent. Wheat was less active and heavy also; and, owing chiefly to a strike among ySborers known as ‘‘shoveliers’’ of grain in loading ves~ sels, who aro acting tn opposition to the use of eleva- tors, and to some improvement in freights, the market declined about 2c. per bushel. Corn was lower, from the same influences, and closed at a decline of 2c. per bushel. Old sound mixed sold at 520. a 63c. Pork was anchanged, with more doing, at $10 50 for mess and at $3 50 a $8 62\¢ fer prime, Sugars were firm and active, with sales of 2,004 hhds. and 8,647 boxe® at full prices. Refined grades were unsettled, and Mossrs, Stuart and others wore reosiving ordera at prices to be regulated in the future. Coffee was more active, with sales of 4,000 bags Rio, included in which wore NEW YORK HERALD, TUESDAY, JULY. 8, 1862. 3,200 bags of the cargo of the bark Wilhelmine—ail on | come. We should be fully prepared to meet private terms. Freights wore firmer for grain. Wheat to Liverpool was engaged, in ships’ bags, at 1144. a 124., ‘and to London at 12d., and flour at 3a. 64. The President and His Cabinet—The “ Demands of the Crisis. Our splendid Army of the Potomac has nar- rowly escaped annihilation. We have occasion to rejoice that through the military genius of McClellan and the indomitable bravery of his troops this army has been rescued from a situa- tion of extreme peril, and placed ina position of safety and strength. But we have suffered se- rious losses, The late advance of General McClellan upon Richmond, if rightly supported at Washington, would have given us the rebel capital a month ago. Our failure has probably added apother year to the war, and an additional item of five hundred millions to our national debt. Where lies the responsibility? Public opinion points to the Cabinet, and demands a change or two; but, from the characteristic magnanimity of the President, in taking the blunders, follies and imbecilities of his subor- dinates upon his own shoulders, there is reason to apprehend that nochange will soon be made. We are not, however, without hope. We have some degree of faith that, in this orisis, Mr. Lincoln will appreciate the sagacity and justice of an enlightened public opinion, and proceed to repair damages by striking at the root of our late disasters. His present Cabinet (excepting Mr. Stanton) ‘was appointed under the old party rules of a peace establishment: for down to the bombardment of Fort Sumter President Lincoln hoped to avoid a war. The only man of his ministry whose abilities and high character as a statesman were recognized in both hemispheres was Mr. Seward, our Secretary of State. This was a wise and fortu- nate appointment, as subsequent events have proved. In his instructions to our representa- tives abroad, and in his correspondence with foreign Powers, embracing his settlement of the Trent imbroglio, Mr. Seward has done more than all his predecessors of the last twenty-five years to place our country before the world in that attitude of dignity, respect and considera- tion to which it is justly entitled. Mr. Chase, we must admit, has proved himself an indefatigable and satisfactory Secretary of the Treasury. He has brought order out of chaos and solvency out of ap- parent bankruptcy. This, however, is not so much due to his own financial theories, which experience has shown to be somewhat vision- ary, as to the practical suggestions of such practical men as Silas M. Stillwell and the heads of our principal New York banks. We have no complaint to make against Mr. Chase, except in regard to his active sympathy and co-operation insuch experiments of abolition political philanthropy as schools for contra- bands, arms for the slaves of rebel masters. and universal emancipation. In these de- moralizing schemes Mr. Chase has contributed much, we fear, to the embarrassments of the administration, the army and the country in the prosecution of this war. But let him stick to his ledgers for the future, and the country will absolve him for the past. Of Mr. Smith, of the Interior Department; Mr. Blair, Postmaster General, and Mr. Bates, Attorney General, it is hardly necessary to say anything. Detached from the immediate responsibilities of the management ofthe war, they go quietly on “the even tenor of their way,” and there are no accusations against them. The burden of the responsibilities of this war, touching our disasters and blunders on the land and water, must rest upon the head of the War Department and the Secre- tary of the Navy. Mr. Cameron, we believe, was compelled to retire from the War Office from some unpleasant disagreements be- tween himself and the army on this everlasting negro question, he having gone to the extreme abolition proposition of arming the Southern negroes against their masters. Mr. Secretary Stanton, however, has not only shown, in every possible way, the zeal of a new convert to the abolition cause, but it is to his assumptign of the direction of our military forces in Virginia, including the Army of the Potomac, that we may justly charge all our recent drawbacks and disasters in the valley of the Shenandoah and in front of Richmond. He would manage the campaign in Virginia. He would have four or five generals and armies instead of one. He would play off these generals and break their heads against each other, and pocket him- self all thehonors. The results are before us. It becomes the duty of the President to put aa end to this political juggling of the War Office, where the issues of life and death to the nation are involved; and the public opinion of our loyal States demands a new Secretary of War. How such a political party fossil as old Mr. Welles ever came into the Navy Department will puzzle the future historian. Our gallant navy has done wonders in the great work of suppressing this rebellion. It has reconquered New Orleans, Norfolk, Beaufort and numerous other places; it has reopened the Mississippi river from Cairo to the Gulf; it has established and maintained a blockade which in extent and efficiency is without aparallel in the history of any other nation; it has utterly destroyed the navy of the rebels, and deprived them of their means for building another; and it bas done good service repeatedly in coming to the sup- port of our army, and especially ia the sup- port rendered toGenera! McClellan. All these great achievements, however, are mainly due to the spirit and gallantry ef the navy itself; for in the navy a mousing, intermeddiing or intriguing politician is hard to find. Mr. Seore- tary Welles is entitled to little, if to any, of the well earned honors of the navy. All that he has done, for which he may claim the full credit, has been the enriching of his brother- in-law Morgan at the expense of the public treasury, to the extent ofa hundred thousand dollars, more or less, for a few hours chaffering over the purchase of a rare lot of rickety old vessels. Mr. Welles, in brief; has been a heavy incubus upon the navy, and is nothing else to-day, and we submit this view of his peculiar services to the earnest conside- ration of the President. 7 We cannot expect this war to be brought to a speedy and triumphant close with a foolish and fanatical politician at the head of the War Department, and an old imbecile at the head of the Navy, whose only distinguishing achieve- ment has been the filling the pockets of his family from the sweat and blood of the nation. ‘The crisis demands @ reformation in the War and Navy departments. Foreign intervention is menaced. These late tremendous struggles of our noble Potomac Army to save itself and the life of the country may suggest to England and France thatthe day for intervention haq it, and the first steps required in view of pow- erful and speedy reinforcements to our army, and a large increase of our iron-olad ships and gunboats, is a change in the War and the Navy departments. These changes have at length become essential, if the President would retain the undiminished confidence of the people in his sagacity, firmness and decision of character: In good faith, and in behalf of his administra- tion, upon which the loss or preservation of the country depends, we submit the whole sub- ject to his earnest attention. Blood and Spoils—The Fruits of the New York Tribune. The history of the New York Tribune and its editor isa very melancholy one. The Tribune began very mildly and feebly as an advocate of the exclusive use of vegetables and water for food and drink. It was too weak to be called evena milk and water organ. Poor Greeley lived so entirely upon water, and had so much of it upon his brain, that it was diffi- cult to tell whether he was dead or alive, and behad to be tapped before he could speak. The smell of roast meat or the sight of gravy made him sick at his stomach. Like other calves and donkeys, he eschewed fleshly food, and chewed the cud of a vegetable diet. Like Nebuchadnezzar, he ate only grasses. His idea of paradise was a kitchen garden. His dream of celestial happiness was to have asnout and root like a pig. However, times change,and poor Greeley changed with them. He discovered that to buy vegetables.it was necessary to have money- Unfortunately, his vegetarian organ was not a pecuniary success. His wardrobe had dwin- died down to a white hat well worn and a white coat out at the elbows, and he was still in debt to his tailor. His green grocer was not green enough to allow him to run up another bill. It became necessary, therefore, that he should change the policy of his paper in order to make it pay a little. He dropped vegetarianism and tried phalanxism. This did not pay. He tried Fourrierism- This did not pay. He tried free love, and seemed to like it; but it did not pay. He dab- bled in politics, but did not get an office worth having. He accidentally got hold of the Mat- teson one thousand dollar draft; and was elec- trified. He had at last found his vocation. He adopted it enthusiastically, and became’ a public jobber and a lobby member. Before long he was, as ex-Governor Hunt expresses it, “more dangerous to his friends than to his foes.” The saying of old Joe Chandler, “make a friend every day, and use him,” was continu- ally in’poor Greeley’s mouth. He preached this principle to his associates and practised it himself. He became an abolitionist in order to secure subscriptions to his paper, and re- mained so in order to foment a civil war and grow rich upon its plunder. From a vegeta- rian poor Greeley was transformed into an ogre, eating human flesh—into a ghoul, feast- ing upon corpses. He riots in blood and spoils. Deliberately, and with malice prepense, ‘that horrible monster Greeley,” as he is call- ed upon the floor of Congress, has instigated this dreadful civil war for years past, and care- fully nurtured and fostered the abolition senti- ment, with which he hoped to poison and kill the republic. Most persons suppose that a de- sire for gain has rendered him insane, and that visions of rich plantations, con- fiscated from slaveholders and _ bestow- ed upon him, have tempted him on in his ruinous path. Others regard him as one possessed of a devil. Others still are of opinion that he is in his senses, and is only a bad man made worse by cupidity and disap- pointment. We do not pretend to decide which of these theories be correct; but it is certain that until recently he has made but very little money by his wickedness. Like the magician’s gold, all of his ill-gotten gains brought him ruin. He acknowledged in his Tribune that he had lost money by the publi- cation of his paper last year, and he wrote penny-a-line articles for weekly papers in or- der to make a living. The publication was continued, therefore, only that the paper might be used to secure offices and contracts. It has now no circulation and less advertising, and lives only by illegitimate aid. Its fruit is blood and spoils. Sam. Wilkeson, of the Tri- bune, acknowledged that he had kept a T’ribune contract bureau at Washington. The official correspondence of Secretary of War Cameron shows that the Tribune Association has gun contracts. In the following tables we have collected some of the items of expenditure in treasure and blood for which the country is indebted to the Tribune:— GOVERNMENT OF THE UNITED STATES IN ACCOUNT WITH NEW YORK TRIBUNE. Dr. To a civil war, fomented by Zribune abolitionists, costing the country in crisis, ruined commerce, suspended manufactures, army expenses, losse in trade, &c., about... To the loss of Fort Sumter, and failure of the expedition for the relief, tions of Harvey, 2,000,000 00 , caused by the Tribune's “* Onward to Richmond” articles, amounting, ae- Thurlow Weed, to about... 100,000,000 60 , &e., its uy " , say. * 200,000,000 00 Te the abolitivn in Missouri, including mule, blanket and musket contracts... 60,000,000 ou To Banks’ disaster, caused by the 2ri- dune abolitionists and their intriges against MoClellad.....ccccee seveeee 10,000,000 00 To various emancipation schemes, darkey schools, pigger conservatories: ai Boaufort, and General Hunter's squashed proclamation, including ex- nditures for red trowsers and Tri- Fine mustets,....... 5,000,000 00 To daily attacks upon the administra. . tion ‘and the army, encouraging the rebels and weakening the U1 cause, BOY sree secesescssscseesensorsrsevere 100,000,000 00 To a contract for 25,000 musk: tain. ed a the 7ribuneGun Association and jot to outside parties............ 626,000 00 To a second contract for 40,000 muskets, 5,000 00 To salary of Harvey, of the 7ribune, ‘Minister to Portugal, four years..... 80,000 00 To salary of Pike, of the 7ridune, Minis. ter to the Netherlands, four years.. 80,000 00 of Hildreth, of th it Consul at Trieste, four yeai 8,000 00 To salar: ee 7, of the Tribune pyc tar; jon at Sardin| To stlary of Bayard Taylor, of the bune, 'Y Of Legation at St. tersburg.....+ eee 7,200 00 To profit on Maceo bes pon p, Stockholder of the Tribune. Cy ‘To profit of Almy , of the 2ri wd comtracts... 260,000 00 To prolit of Snow, of the 2ribune, on gua, contracts. seeeses 100,000 00 To profit of Hail, stockholder of bune, on army shoos 60,000 00 To oh hd of Dr. Ayer, stockholder of the , On Cherry Pectoral for the ‘ OPMY so. ss seseee rrr . 60,000 00 iy gs of Wilkeson, of the Tribune, on “Pritune’s Contract Bureau’ at Washington. e ‘5 Total, $2,400,162,400 06 So much for the spoils; and now for the blood. The following list, it will be observed, does not include the captured, the misaing or the 481 223 21 30 120 223 266 ry 288 39 aor 17 a1 60 22 “6 2.735 63 140 203 972 201 108 1 405 132 ; a 135 35 120 30 19 455 14il “4 100 at 225 21 149 100 300 53 206 800 3,627 456 ui? 1,740 85,822 We bring the account current of the Tribune up to date. What greater disasters it may bring upon us in the future, if not soon sup- pressed, time alone can tell. By its opposition to McClellan it has indefinitely prolonged the war, added immensely to our expenses in men and money, and made European intervention probable. Its motive for this is self-evident— it is self-interest. Poor Greeley makes money out of the war. He has contracts, which cease when the war ceases, and therefore he is de- termined that the war shall continue. Mad with greed, he rushes onward to his ruin. In vain his army correspondent “S. W.” assures him that he and his associates are “doomed men.” He will not cease to do evil until the government or the people shall lose all patience and suddenly annihilate him and his infamous Tribune. That time now seems not very dis- tant. He will be fairly tried, and if found insane he will be sent to an asylum; if sane, to the gallows. This monster, ogre, ghoul, will soon feast his last upon Union blood and national spoils. Commopore Wi.kes 1n CoMMAND oF THE JAMES River Fieet.—A ray of light has at length penetrated the Navy Department at Washing- ton, and awakened the patriarch who presides over that department of the government to the neceasities that a live man is needed at the head of the James river fleet. Commodore Goldsborough has been relieved of that portion of the command, and Commo- dore Wilkes, of the San Jacinto, ap- pointed in his place. This change will be received with universal favor by the people of the Northern States. The public have long been looking upon Goldsborough as an obstacle in the way of the success of our fleet on the James river, while the name of Wilkes is associated with the bravest and most gallant heroes of the navy, ready to take the. responsibility, and possessing nerve and skillto carry out whatever he undertakes. With Far- ragut in command of the Gulf of Mexico fleet, Foote and Davis the Mississippi, Wilkes the James river, and Dupont the Atlantic squad- ron, the public may fully rely upon our navy achieving glorious results in every quarter. Tue Nortuern Press—The Times, World, and, in fact, the entire press of the North, with the exception of the Tribune and the papers which follow in its wake—like the Post, Anti- Slavery Standard and Boston Liberator—have all taken strong grounds in favor of McClellan and against Secretary Stanton’s management of the War Department. To the latter official and his Congressional advisers they attribute all the blame for not reinforcing McClellan and enabling him to capture Richmond, instead of changing his base of operations over to the James river. Seldom have we seen the press so unanimous in their expressions as upon this point; and in this they reflect the current of public opinion, whether right or wrong. With almost the entire press sustaining the com- mander of the Potomac Army, and denouncing the intriguers who have divided his forces and caused a useless sacrifice of life, the President cannot fail to see that the North is in earnest, and will no doubt reject the counsels of the disorganizers, and hereafter seo that every general in the fleld is fully sustained, and his forces not left to be overrun by « superior force. Sronewaut Jacksoy.—Several of our contem- poraries are manifesting a great deal of alarm about Stonewall Jackson making another raid down the Shenandoah valley. They may as well quiet their nerves in that respect; for General Pope, one of the most skilful of the Western generals, is now in command there, and prepared for him. We doubt very much if he has any disposition to make any move of the kind. If he makes any raid it will doubt- less be in some other direction. He will hardly attempt to strike twice in the same place. Let him take whatever course he may, our forces are ready to meet him. Generals Pope and McClellan are both being strength- ened, and if the rebels move upon either they will have a warm reception. Poor Gree.er Baviy Fricuteyen.—Poor Greeley is very badly frightened, and shouts out “Conspiracy,” “Conspiracy,” at the top of his voice. He declares that McClellan is going to break up Congress with the Army of the Potomac, just ae Oliver Cromwell destroyed the Rump Parliament. Are you there, Massa Greeley? Take courage fora while, McClellan is going to take Richmond first. What will be done after that will depend upon circumstances. If we decide to hang the abolitionists, however, poor Greeley shall swing on the post of honor at the head or tail of the lot. We promise him that high honor. Ocman Steam Navicarion.—ft was stated the other day, in giving an account of the short passages of the new steamers China and Scotia, that these remarkable runs were the shortest on record. We now correct this statement, and have the authority of Capt. Joseph Comstock for doing so. The Adriatic and Vanderbilt have made three passages each from a line due south of Queenstown to New York in eight days and three hours—eleven hours quicker than those of the Cunarders. We still, there- fore, bear the palm of ruling the waveonse shorter line than Britannia. United States Stock Exempt from Taxation? SUPREME COURT—GENERAL TERM, Before Hon. Judges Clarke, Sutherland and Leonard. Jon 7.—The Court was opened this morning. Seve. ral counsel appeared for various banks of New York, to argue on writs of certiorari the legality of the action of the Tax Commissioners in deciding to tax the banks for United States stocks held by them, The hesring of the argument was (oe emp until the Septomber term. It is contended on the part of the banks that, by the laws of this State and the act of Congress of February, 1862, United States stocks are exempt (rom taxation. EUROPEAN NEWS. The Europa Off Cape Race with Two Days Later Advices. The Gritish Press on the “Intor- vention” Idea. ‘Napoleon Reconsidering His War Plans re Against Mexico, Re, Key ae. Sr. Jouns., N. F., July 7, 1862, The mail steamship Europa from Liverpool, June 28, via Queenstown, June 29, was boarded off Cape Race at midnight of July 6. ‘The American Question. ‘The news by the Persia creatod great exetement in the Liverpool cotton market, and large sales wore made lnt® on Friday at a furthor advance, The London Times editorially says the telegrams by the Persia, if they come substantially from the Northerm government, do credit te its veracily, inasmuch as they proclaim that any decisive advantage over the cunfede- rates must be postponed until great additions are made to the federal army. The intest dates are to Jume 16, which may be con- sidered the beginning of tho summer heats, although the probability is that both armies will keep the fled; yet there cam be little doubt that the spirit of the eam paign must languish until fall, when cool weather and: reinforcements on both sides willallow the strug- gle to be renewed. The last news represents what may be looked upon as the closing scones of the spring campaign. Though the federals have so many more men, and such a vast army and the greatest resources, they invariably describe themselves as outnumbered by the confederates. Halleck and McClellan utter the same complaint. Food and powder must have been the cry of the Confedorate force, which, numbering 120,000 at Corinth, and being equal it not superior to the forces opposed to it, was yet obliged to retreat southward and is now posied in decreased numbers at Grenada. Kentuckians and Tennesseang might argue that since their own States have been aban- doned, and fallen under the yoke of the feiorals, they had no further interest in defending the cotton States, to which they were bound by tiea of allogiance; but the diminishing army must have been mainly caused by the difficulty of procuring food. The London Times adds:—‘The superior numbers and resources of the North we look upom as certain in the end to prevail. But who can see the resolution evinced by the South, the immense army it puts in the field, and the tenacity with which it disputes every position, without feeling that the war is likely to drench the territory of the Union with much more blood.” It winds up by hoping some means may be devised for bringing this unnatural con- flict to a close, ‘The London Herald, in an editorial, contends that the restoration of the Union would be a calamity not only for Europe, and England in particular, but for the North. It declares that the Union had become a nuisance among) nations. Secession is faverable to England. Self-inte- reate would have justified imterference before this had not international morality fortid u. Even now, if there was any hope of an early aettioment, me one would dream of interfering. As matters stand, however, the Herald thinks it is time that some decided action should be taken by France and England in behalf of justice and humanity, as well as for the protection of their half ruined manufactories and hungry operatives. Such action must be takea at last, as Impossible things cannot be long allowed to remain. It is most improbable that there will be any change in the aspect of American affairs that will bring us relief, end if weare to act after all, it will be saving needless misery to act at once with gentleness and courtesy, but with immovable frmners in words. Tho Mexican Question. Before the Europa left England, in the French Cham- ber of Deputies, Jules Favre censured the expedition against Mexico, and demanded explanations. After argu- ing against the French policy in the past, he said that things had reached a point at which it was necessary that the resolutions takem should be explained. He con- sidered the sole course to take, compatible with the i, terest and honor of the country, to treat with Mexico and withdraw. He denied that France had any ‘defeat te avenge, eulogized the conduct of the troops, and protested against the entertainment of any ideas which would compromise France with the other Powers. M. Billault, in response, defended the cause of France. He censured negotiations from which it was impossible to obtain a result. He stated that the Emperor wa? compelled to disavow the convention of Soledad as con- trary to the honor of France, and explained that, notwith- standing a momentary diragreement between the three gov- ernments, they remained on good terms. He energetically repelled the idea of treating with the Juarez govern ment, saying that the honor of France was engaged, and she must avene the insults offered. The Emporor would yeave the peoplo entirely free, when the French fiag floate over tho capital of Mexico, to vote for whatever govern- ment they might choose. ‘The Paris correspondent of the Londen Times says that it seems decided that reinforcements will not sail until after the arrival of another mail, and if the French troops are not then in danger, it is thought reinforeements will not sail until the hot sesgon is over. ‘The Paris correspondent of the London News says there is evidently itation on the subject of Mexico, and be thinks that it 1s not uplikely that the principles of the expedition are undergoing a reconsideration. The Paris Pawie says that the ombarkations for Mexico are provisionally suspended and reduced, Great Britain, Queen's counsel, The Chaneelior said that Mr. Regge Become 5 paratype br rh galing ap Benches; but, as taken no steps carry is he (the Chancelier) had decreed that it waa not desiva: ble that he ee ee enjoy honor under the Crown. His patent therefore ordered be 5 to cancelled. Hon. T. Bruce, Governor of the Princeof Wales and brother of Lord Elgin, died at London travelling with the Prince. Models of the Merrimac and Monitor were to structed with a view of testing their morite. Italy. The Paris Constitutionnel anneunce that the recognition of italy by Russia bas been officially communicated to the Turin government. . Rass! A Russian decree abolisher government monopoly for salt, and fixes the duty on salt at thirty kopecks. General Luders bad been shot at and slightly wounded at Warsaw. The porpetrator of the deed was not discov; ered. The Calcutta sal of bay 22, and Hong Kong of May 1 alow! mail of May 22, an had arrived. The American portion ef it was forwarded by the Europa. The news is generally anticipated, Commercial Intelligence. THR LONDON MONEY MARKMT. rather more for money, owing tho end of the 4 rter coming round, but rates wore unc! 5 b naclare - ¥ Loxpow, Sune ft 1862. Console for money 91% a 91%. Axmnican Srouritigs were easier, and holders pass! their stocks em the market, Illinois Central shares 46, 6 46% oon dg 6 8 30%; United States x \ gs Lssccboe i , June 28, 1968. Livanpoot, {The ee cotton market was received by the Hibernian. STATE OF TRADE. Prices at Manchester are still advancing, but sales of cloths and yar small. MARKET. Messrs. Richardson, ce & Co,, Wakefield, Nash & Co., and Bigland, Althya & Co. report flour firm, and the middling descriptions rather better; American quoted at 250.0908, Wheat firm and unchanged; red We 9s. 10d. @ 108. 10d.; red Southern, 10s. ‘114. white Western, 11s. 84. a Ils. 10d.; white 128. & 128, 6a.’ Corn easier: mixed, 288. 288. 9d., white, 520, a 34s. Boot dull and drooping, Pork henvy, and tending to ull and drooping. Pork heavy, an a decline, Bacon irroguise, Lard steady at bry og Tallow steady at 460. PRODUCE MARKET. The Brokers’ circular reports ashes firm; pote 86s., pearls, 388. Rosin excited, and 3s. hi les at 14s. 6d. 8 18s, for common. Spirits turpentine still advancing and prices 6s. higher: sales at 80s, Sugar steady an unchanged. Coffeé firm. Rice advancing. Linseed ofh firm at 40s. 6d. a 41s. 6d. 1a Teperta brenaatits firm but qviiot. Barings’ circu! re ut nit. Tron “dufl, it, but steady. Toa firmer. "ice steady. Coffve buoyant and 6d. higher. Spirits Varpen- tine exoited, and 9s higher: sales at 85s. THE HAVRE MARKET. Havaw, June/96, 1862 Corron.—S of the week, 16,500 bale; market ac. tive iyand the widdling and lower qualities ‘ow Or'ieans trea ors higher, closing quiet and easier. diuaire, 206f.; do. bas, 198, Stook, 34,700 bales.