The New York Herald Newspaper, July 22, 1862, Page 2

‘ ral 77 vr ae TLE ADOLITIONISTS CM MCLELLLY. ii ro beint two trtrenchments af the ena With caus, Tb was kuowa Leloredmud bere : * . * : y w0uld Bub Bo diy a | Senator Chaniler’s Speoch on | “Our Disasters.” nth of those batiories? Swe could not weak OF very + woods, & sit te ¥ was tha! TLe Tremendous Efforts of the Radicals to on the two ton—Wera there any friise dg ave Obst rt :ted We ere Wee an C& tawork op a htil, same Ouutw muck. LE bas ros Wali, w lie &eq &e., &e. that regitnent it ehuon te gallop through that work, : ny Were there any guns tn it? ormed by General that there [From the New York Tribune.) ive bad besa moved vat a day 0 “srr aTRGy’! REViKWED—SPEECH OF MK. CHANDLER, " i, on go througe At, and he ald OF MICHIGAN, LN SENATE, JULE 18, TS i Sioa your going up there? se ee 3 * es s' 8 es Were the people disoouraged, depressed? Not at all. Untia hen sands rusied nie the shuttered raya, cager 0) think it would? Ido not think it did, (der on bt there Were @ (housand men, with t . bie. guns f to wipe out the stuia and stigmmoe tivat deieat, “Ko | Me, MS acchihes cebenemiiahtas tee ens oust 's an san: ous This testimony was taken February 14, 1862. Stone's first testimony was taken Jac "ary 6, 1862. In aconversntion with General Stone, I was regretting nt we had uot moved up; and he said, We coud not have that reason, it you know at that tine of any obstruction to Jour gu.ne | p there? mswer—No, 5 Fr. Major Dimmick testifies :— Question—When did you go up to this breastworkt Auswer—I went up there Wedoesday morning a little be- ist at br pk of day. I think there were wen in- dace ficures moving, but we could not tell were armed or not. ‘The day belore, dutng hen were. seen t rowitg i Was evidendy very basily com-tructel, noth single, earthwork ruguing across the on PQueaioh—Would you have considered that at that time any pediment o the maren of iniantrst nswer—Not at ail: pec, more than if you should tyra this table upon its slde and put soue men behind it. The bos were ss auxious tO go tbat they would hardy wait for the order to go. Col. Tompkins testifies: — tion—Were there any obstacles im the way of yeur pinsupobaenun we sands came pouring im, until the gov enor.” The w my of the Potomac, denuted in August of the three mnths’ men, sea ceiy aumberet 50,000 @ilicient men, swelled im September to vver 100.000, ta October Ww 160,000, in November to 175,000 aud upward, unit, on the 1uih day of Lecember, the ping roils Showed 195.400 men, and thirteen regiments nob re ported, chieily intended for the Burnsite expedition, bus all under the command of General MeC eban. Durl g the monihs of October, November and December, the woa- ther was deligut ul and the rouds fine. The question to be asked in October, wheu will the advance tuke place? All bad the most unbounded coutlleuce $m the army and its young general, and were anxivusly Waiting for a Napoleovio stroke. It came, but such @ Stroke! That a general movement was beicg pre- the whole country bad known for weeks; but whoo the terriic bow was to be struck no ope huew ave the commander of the Army of the Potomac. The pation belivved in is young commander; the President re ied upon him, and all, myself included, had the most unbounded coud leuce iu ths result of tue intended move- meat. it came. On the 2lst of October, MeCali’s divis- fou, twe.ve thousand st.cng, was ordered to D.anesvie upon a recon issance. Swith’s division, twelve thou- b swe 1d have had to Band strong, was ordered to support hia.” Mcull’s re- |, Auswer—None at all No doubt we wow ile. a fi je on our way up. But I think by ,oing up that @onnvissarce @steuded \our i les beyond Dranesville, and | Way on that side, we iid same damon: PoE ge ty es os to within nine wiles of Lecsburg. Stone, ob Sanday, was | Yahi us, end engaged them go that Cul. Baker's forces Would informed of Seats aod Smitu’s advance, and directed | have bad an opportun ty to bave gota beiter foothold than to make a sight demomsiration upon Leesburg. How? | they bad, Hy» und a horribiy bad place (o crows there. Be could do it ia bt owe way, and that was by crossing Q Hr ogenuh gee batteries, or anytaing of that the river aod moving upon it, According to the testi- a would have prevented your going up to Bali's m ny of Colonel Lee, contirmel by Major Kevere, of the ‘Twentieth Mossachusetis, the lolowing despatch was Sent from McC @..4u bo Stu ‘Answer—No, sir; Tdid nok We did not receive any fra from any baieres. Pbilip Haynes testiftos:— uestion—Are you acquainted with the cround on the Vir- Pe side betw a8 Euwards’ Ferry and Ball's Biuidlt Auswer--Urrtaluly, 1 think Lought w be. I have been ups down, Cire eat Baa Aaa aaa fuestion—Ls there any didiculty in th ing irom ‘Edwards’ Ferry to Ball's Blu on the Virgiwia side ‘Answer—T should think not, Question—Ave there any fortifications there that you know of: Answer—It was reported that there wasa little embank- ™ there, but the men we ob require to go within half mile of Ghat to eo to Bais Blut, uy Slou--Were there =F guns mounted there? nswer--i never beard of way. uestiouTuere Was no Obstacle to Infantry marching tpt by eo atall, except right on the blu by the river. The iand ig roiling there as it is about Chain Bridge; but after )ou get (rom the river about an eighth of @ sie perfectiy accessible for injaniry. Gen. Stone says (second examination):— Question—They have no guns to cannunade with except west of Lees ourgt ‘Auswer—Noue at all that are fn position, nor have they had any at auy time. Aoconiing to the last information which Tob‘ained, they had three held cuns that moved from Point to point; tose fleld guns they move about. How many were killed in battle, how many drowned in the relentless river, will never be correctly known; suflice it to say our little force was destroyed. Why was this little band permitted to be destroyed by @ force littie move than double its numbers in preseuce of forty thou- saad splendid troops? Why wero McCall and Smith ordered back at the very moment that Baker was ordered tw cross? If we wanted Leesburg, McCail could have taken it without the loss of a man, as his movement in mass had already caused its evacuation, and the eneny did not return in force until after McCall had retreated. If we did not wish to capturo Leesburg, why did we cross at ali? Of what use isa “ slight demonstration” even, without results? These are questions which the people will ask, and no man can satisfactorily answer. Octonre 2, 1861. me to Inform you thai Gen. MeUall ester wy, an. is bil cis sm all dir cites hi you kvep ® good lookout has the ete (to Oustraiiou ob your pou Leesbur, Q@rive tiem a part would h. Perhaps slight de th eilvet to nov them, F ‘A.V. CULLUM, Ascdoiant Adjutant General General NoCall says:— aye al Was a thing mau on the Leestur Tou.” Dascertaiaed aferwards that Byane had sent back Dis heavy baggu.e Wits a guard, and that body, crossing Guose creex, gave rse ty the report that he bad retired wih Bswovl fore, Bat he was there at the time [ was at vaneaviile, but Laid ow i". Had I been ore: ward, [have ni the t doubt that I could hay fouted Evans and captured iis woole command, tuim, would have been a very delicate matter, be could have thrown up tventy or thirty thousand mer Ceutrev..j¢ aud cut od my retreat (row Draucsville. Im another place Gen, McCail says:— At six o'clock Monday morning I reported to him (General McCielian) taut toe» ngineers whow I had cons.ilted repore ed to me that they would iinish their work in two hous. I sent th press, General McOlelian a: six o'clock, I cot a a else o clock, te Rng ie to return v8 ¥oon as answer between Aine and cck. T ordered ine wo nto be realy te move, Aud &: Soup cs the work was finished I returned to my camp ‘under orders, Here are the orders given by Gen. Stone on that occa- Hrespqvarters Camr OF Onsrrration, ei, 20, 161-1020 P. M. } a Col, Devens wil! land opposite Harri con panics of his regiment, aud proeee i ( eamy discovered by Capt, Phiibric ung and march wilt Island with five rprine the camp 2 the d’rect-on Ob Leosiurg Ti eieted with | Why were not reinforcements sent from Edwards’ sil-nee aa rapidity. Ferry to Colonel Baker? The distance was on'y three and Cal. Lee, Tw n teth Maseachusetts Volunteers, will, imme- | 4 half miles. We bad fifteen hundred mon across at two Harrison's diately a ler Col, Devens departure, oceapy o'clock en Moriday, sad!-the. uni : mony of officers and men is that a reiaforcement of oven ne thousand men—some say five hundred, and one gallant captain swears that with one hundred men he could have struck them ujon the flank and changed tho regult of theday. Why, I say, were not these reinforce- ments seut? Stone swears, us I have already shown, that thore were batteries betwoen Edwards’ Ferry and Bali's Bluff which would have utterly destroyea any force he cowid bave sent to Baker’s relief, and tbat ew it. But Stone was uot sustained by a singic witness;on the contrary, all swear that thore were not, to their knowledge, and that they did not belicve there were any; and a civilian living upon the spot, and im the habit of passing over the ground {requently, Swears there were none; and again, Stone, when ques- tioned as to the erection of forts under the range of his pal Comcurrent testi- with f r covmpanirs of hus regiment, and will cause the four oare ! boat to be taken across the island to the point of departure of Col. Devens. Que company wil be thrown across to occupy the heights ou the Virginia shore, after Colonel Deven’s departure, to howitzers will be taken silently up the cover his re urn, oon wan : he opposite side of thi towpath an ried to the oj ite Of the island, under the orders of Colon 1 Lee. Pot 5 Colone ‘8 wil. attack the camp of the enemy at day- ‘break; and, baying roured them, will pursue them as far as decms trudent, and will destroy the camp, if practi uring. He will make al the observations possible on the country; wil, under ali circumstances, keep bis command po Bani, and not sacrifice them to auy suppoud advaniags of rapid puroul tiavhig ‘mcomplished thie duty Colonel Deven‘s will re- ra. to bis. present position, unless he shall se oneon the irgin.a side, Mearer we river, which he oan undoubtedly oid until reiu’orved, and hich be successt: guns, upen his second examination, swears tively ius cores iaegely cupariog numera. te mush casot be there is nots gun ‘now Detwoon Edwards’ Farry will on a ite P. STONE, Bi ve and Ball's Binff, and never. has been. Why, NE. Brigadier General Great care will be used by Cot deen Po creepy pir treba ae : : men who exec pl ibis ‘ible slaugh- Pe command for curiosity or pur | Fanswor to God and an outraged country. Gon. Banks der will be instantly shot, swears that his orders were such from . MeCleilan CHARLES P. STONE, Brigadior General. that, upon his arrivalat Edwards’ Ferry, although his val Devens to prevent any Haapera Cones or Onsen judgment was against crossing, he did not feel himself at owanos Fanny, O-t 2h fa, liberty to decline crossing, and he remained upon the Covowrt—In cane of hear: "f in front of Harrison's | Virginia side until Thursday. Gen. Bankes swears:— Jsiand, you will advance the driade, of retire the reximents u Bie rw on the Virginia sida of the river. ‘as Your diecre- yo, assoming command on wyiral, Very res 4 Ato EEE Ram wesc Gomes, £3 P. STONE, Brigadier n OL ke fon tameageeae Hasna seters Corrs or Ongerr ation, Evwarps’ Ferry, Oct, 21—Li:50. H Covower—I am inforsed tuat the force of tae cnemy ts about 4Owail told. Ir you cm push th,m you may do sos far aso nave astiong position near Leesburg, if you cam keep them befure you, avoiding their vatteries, It thes pace esburg and take the Guim Springs road, you will not ol- low far, but seize the tirst goox to-cover that road. Pacis denign 1s wo draw ton 1” they are obliged to retreat, as ar as Goose creck. whore theyen. be remtorved fi Manassas Lhave asirony pusiion. Repurt frequently, thot wien they areSposaed Goran can come ia on their Cannes STONE Bei Gen. Command! = . STONE, Bric. Gen. a Gol. B.D. Baxtia, Comiuanulny Brigades — ‘Thus it is shown that Col. Baker bad reason to expect reinforcens for ths euemy were to be pushed apn their tank by Gem. Gorman. At two o'clock on Monday morning Col’ Devens crossed the river upon a reconno's- ence with four hundred men at Rail’s Blu‘, opposite Huar- rig u's Island, a6 directed by Gen, Stone. At daylight Col. Baker was ordered to cross to the support of oa Devens. | hive read his orders. Onescow umd two smail buats were their osly toeans of transportation. At eight o’cl ck on Monday morning the fight commenced by Col. Levens. aud (ol. Raker was slaced in commaud, es is al- Teged, witt diseretionary orders. Col. Baker knew that Stith ant MeCull were at Dranesvilie, or within striking @ista:.ce, thet our troo 8 wore crossing at Edwards’ Fer- TY; or, in other words, that forty thousand effective men were within tweive miles of him, and that at least tuirty thousund were upon the Virginia side of the Potomac, ‘ things be must be reinforced. not know that at halfpast ten A. M. or two and ove half hours avter Col. Deve: ced the fight, the divisions of Smith and MeCail cemmenced their retreut, by the exuress orders of Gever.) Metleban, He knew that Colouel Devens was contending with greatiy superior forces, and, like a gal Jant soldier as he was, be haste:ed to his relief with all rnia regiment of ¢ Colonels Lee ai Dee Quesifon—One question inretation to the crossing. You said that Gen. Gorman thought {t not advisatle for our forces to cross, Gen. Lander thought it was, and you felt con- strained to atont Gen. Lancer's view. Do you mean that youteitcoustrained fn consequence of instructions or or ere ‘Answer—T concurred with Gen. Lander on account of mg instructions. Bat th. o tt was mot an aair that I should bave piauned myself at ‘hat time. Question—You toox your instructions from Gen. McClel- Answer—My instructions from Gen. McClellan were to croas the river, and I did sos fur as was practicable. The dificuliy was that we had no transpottation to make ti safe. ‘So much for the wholesalo murder at Ball's Bluft. ter the melancholy disaster at Ball's Bluff, our Army of the Potomac, of over 150,000 men, retired at all points excopt direct in front of Washiggton , where it remained stationary for many nronths. @ imst of Uetober the Navy Department applied to the military for 4,000 men to bold Macthiaa Polut after the euemy should have been shellec from it by the gunboats, and thus keep open the navigation of the Potomac, a military as well as national necessity. Assistant Secretary Fox testitios:— jestion—Do you know of an attempt having been made oF & project fortied, to take possession of Matthias Point at any tae? If 90, will you state lars? ener Toe Hany erat ike passe: stor roposed to ‘ar Department, to take eston GPthas point, and an ‘examination. was’ mato, byt the Wat t, by Captain Wood. Pa'mer, of the ett or General Jane, e Vepartment with reference 10 t.e pro bury, of the engineers, and Cuplain aphical engineers, "The Wi cou, deciined,io send a force Capuin Ward dent op a very urgent was kilied, usking for only 200 nm: General Séutt consented > allow Man=fleid th fend it cell sfehl was very earnest, and very porid tual that point ought to be ecupied b Mr. Welles went over to see General Sovtt about it, T tink tu June, and pressed 1% upon ‘Lim porsvaaly as well as by ladier® The first olieial letter that I tad upon our books waa written om tue Ist day of July, [Lis as foviows, addressed to Mr. Cameron = My io 1s 0; inom and that in the nature He dit Navy Deranrwest, July 1, 1961. Siv—I have the honor to inform you that this departinent the force he could cross with his inadequate meaus of | 1s entirely sutisied, ‘rom ronorts of Its ollicers, that the Pow transportation. Colonel Baker has beon charged with | se river will soon be closed by the vatteries of tow revels, finp udence and ragiiness: but » be] fences wrcopa, “teon et ron ialeevdaed tenets Le panes ‘ 1s or the | federal troops. Then Bull run latervéned between that and testineny charge. Iu ‘ashiy or im- the nextone whieh T ind upen eur books, which is daved Pirtently, advancing into the enemy's lines, a8 was al- | Austrt #) 1861, to Mr. Cameron from Mr. Welles, It eas ‘sfrom the biulf, avd the | telows:— Navy Daranimxnt, Angust 20, 1961, Sin—The importance of keepiag open the wavigatlok vi the yoae te #0 ULVION® Bat nO Argument le necessary upon Bo for as is possibie Uis department has, and fhe (0 dined 7 In this matter by an armed op where sore bat cation, wad in view B ‘would most ur- request Uist tnmediate measures be taken by the paytinent to forti'y and iotrench Matthias Poin A t, aided by two of our steamers, co tofore, and perbaps may still, Ake possession and But if wore than a regiment is required, it appears to 1 dispensable that the vequalte number shouid be furnished, Atention, on repeated uecasions, has bee cated to tho particular fieoresity of holding that pluce as absolutely‘es. scnilal (0 tue unrestricted navigation of the Poton The navy will at any moment contrimte its eiorts towal tng and boiping thet aprrehend there me be any deluy. Cannot cent force be seut down with fo and tn counection with euch armed vessel « Point, and thus keep open the ne unilerstand (hat Wroopa will be sent tothe lower Mary- yi counties to keep the peace and prevent hatieries from being erecied ou the leit bunk. This isa Umely and wine ution, But it ieequagy necessary that we should wke possession of Mattias Pot. Should the insurgeuts get Possesston of thet point, IE would require a wry Largo forse we them, f Augtist I Cnd the following letter from the nt wo the War Department — ch.rge was one officer, ght Colonel Haker imprudently ex bullets. ‘This kind of, rash. the death of th nese is usual ¥ pardo.e bor. At two o'clock). M Raker foun comm: nm. of 1 649 mem upon Balr’s Bleif, inci me am! thee 9, and the Oizhting commenced. The Alternat.ves wor? figut @u:l coajuer, surreuder oF be cay tured. That noble band of heroes and their guint commander understood these terrible alternatives as woll upou that bloody feild as we do now, and nobly Ail they Vinuicave their manhood, During ali those long hours, from two o'clock V. M. until the early dusk of the evening, the galiant Baker continued the ung ual contest, when Le (ell, pierced by threo bullets, and Tostantly ox- pired. A couvcil of war was called (atter the (righsial Jewth strogglie over his litelees remains and for 0), ‘and it was decided thas the only chance of escape was by Sitting through the enemy and reaching Edwards’ Ferry, which wag at once decised upon; bas while forming for the desperate eneounter, tho enemy rushed upon our litle band of heroes in overpowering numbers, aud the rot was periect. Colurel Devens say#:— far h single rey As we were jalking, Colonel Opgswalt came vt peares . ina moment that he wawthe oiler entith Colwuel Cogawell said to me, sould, | UinK, make an effort to out our way to Ferry; that is the thiag to be done.” I repli Thad wo Vo.ouel Lee, baat I would take any or sae corumaned honor to en-los i. Craven, nog leave to emily ceived from Colonet Lee says flotilla, and b i « | oF the necessity of prompt a fae ee tis wale (pane oe Colonel Come ing oven the x arivntion ot ie rove : ‘Co.onel Cogswell was a atrenger | OD repeated ooee nog se uses tment to bis sub) cme importance this city, aud the operations of tie army as Well as navy, Isappears to we ther wid be nw delay in wking the precautionary ateps recontwmendet by Cayt Craven, and this deparinent, with the naval force in (ue Putowac, is times to aid ia this measure. however, was doue mi that ume. Tn Ociover shere Were in the Poiomas the Paw Pocehon'as and the ely, and the 8, Be but whether he y ou bostd. Thgas ¥ ne , o Bor Bus f men would have driven of the enemy at iat s 1 had gone pt ost Aoy Number wand, beoayse we 08 ip ut Gan an4 rea it x at Witidraw nothin, ath Wick ein ‘if Novy D ty up op account of | NEW YORK HERALD, TUESDAY, JULY 22, 1862. | wehad o ort 4 be ind a uy suck ttossmitien, T ote tat | Baap we yaa to Jo; thadar ate rs rab mh Cw en ou it ibwoud tag on a venc agement move there, The eng were were Gigi nih Lae he proper Way to cerry those battones sas bo b dawn Lie rive bas tar as he € President asel sen ili ud ore sen him exit, woen he ad RO £0) enerai McClellan objected to furnishing the men? Auswer—General Scott commenced, sion—Hut aiterward General McClellan objected? AnwerYes, sir: 1h was continued by uim, Mr. Wricut—I desire to ask the Seuator (rom Mi & question. Mv. CuaNpian—Certainly. Mr. Wricut—the Senator seems to be presenting test!- 7, taken before the Committee on the Conduct of the ‘ar. Mr. Cuanpixe—Yes, sir. ir. Waisnt—tI desire to know*whether it is presented al the jistance of the committee ? Mr. Cuanpigr—Yos, sir, by @ vote of the commitiee. Mr, WrcutT—I am 4 member of the commitive, andT ‘was not aware of it. Mr. Cuanpiae—Aftor consultation, it was agreed by Genoral aicUicilan that four regiments should be fur- nished, and the time was fixed for their embarka- u At the appointed time the vessels were reaiy, steam up, and transports alongside; and thus they remained ‘ail night, but no troo,s appeared. -Upen inguiry as to the cause, the General-in-Chief informed the Secretary of the Navy that he did not send-the trovps because he feared the arrangements for landing wore uot perfected. Ihe Secretary of the Navy informed bin tbat when the navy and army co-operated it was the duty of the navy to provide boats for jauding, and that ‘ample provision hud been made; wheroupon that night was Qxed upon a tho tjmo to embaik the troops. Again the boats were in readiness, steam up, aud the gailaut sailors aud mari:es eager for_t ay; DUE ugam were they disappoiuted. The troops did notarrive. Wher upon the Navy Departwent informed the War De) meut that it considered the refusal to furmsh troo; virtual abandonment of the Potomac to the rebel bluck- ade; that the vessels were required fur the Soutuern ex- pedition, aud would at once be sont to their destination: aud thus for months wes the pation disgraced by the rebel bicckade of its captial, and many iniilivns of doilars wasted in expensive transportation, which a smail force Judi¢iously posted miglt have prevented. Mr. Fox, in ‘answer to the question whe ber this smail force would be saie on Matthias Voint, replied, “Cortaiuly; qur vese: can shel tho Point upcn both sides for a long dis- tance”? Why was this disgrace so long submistod to¥ Noman knows or attempts to explain, Mouth afer month one of the most spleudid arnilos the world haa ever seen, of 200,000 men, permitted itself and the ua- tional capital to be besicged by 2 force never excecding one half its own number. During the mouth of Decem- Der the nation became impatient. ‘ihe time had arrived and passed when we were promised aferward moves ment. The roads were good, the weather spleudid, the & acmy in high condition and’ eager for the fray. How jong the :0ads aad weather would permit the movement Lo man could predict; still there was.no movement. ‘the generals, with great unanimity, declared that the army bad reached its maximum of proficiency as voluvteers; bat stili there was no movemeut.. Cuder these cir- cumstances, fhe Committee en the Conduct of the War asked an intorviey with tho President and Cabinet, and urged (hat the winter should not be permitted to pass without action, as it would lead to an iucalculable luss of live and treaswie by forcing our brave troops inte a sum- mer campaign, in a Lot and to thom ichospitable climate. The Presiient wad Cabinet were united in the desire that an immediate advance should be made, but it was not made, although we were assured by Gen: McClellan that it would be very soon, that be had no intention of going foto winter quarters; and he did not. While the enemy erected comiortabie huts at Centreville and Manassas for their winter quarters, our brave and eager troops spent the most uncomforiable winter ever known in the cli- mate under canvass, as thousands and tens of thousands of invalid soldiers throughout the length and breadth o¢ the land will aitest. Why did not the army move in all Decembet, or why did it not go into winter quarters? rows, Lor is any reason assigned. On the Ist day of January, 1862, and for months previous to tint date, the armies of the republic were occupying a purely defensive position upon the whole tine roin Siissouri to the Atiantic, until om or about the 2°% of January tl President and Secretary of War issue. phe order forwar Then the brave Foote took the initiative, soticiting two thousand men from Halleck tohold Vort ileury, after he had captured it with his gunboats. They were promptly furnished and Henry fell; then Donelson, with its fifteen thousand prisoners; then Newbern; and the country was electrified. Credit was given where credit was Do nothing strategy gave way to an “ imme- diate advance upon the enemy's works,” and the days of spades and pickaxes seemed io bo enied. Oa the 22d of February a focward movement upon our whole line was ordeced, but did not take piace. The Army of tho Poto- mac was uot ready; but on the i¢th of March it moved, against the protest of the Commanding Genoral and oignt out. of twelve of the commanders of divisions, but the Presideut was inexorable, and the movement must bo made. It proceeded to Centreville, and there found de~ sorted huts, wooden artillery, and intronchmenis which could and can be successfully charged by cavalry. it preocecded to Manassas, and found no fortifications worthy of the name, a deserted camp, aad dead horses for trophirs. The enemy, jess than forty thousand men lelsurely escaped, carrying away ad his artillery, arms, baggage and stores, Our Army of the Potomac, on that 10th day of March, showed by {t= muster-roll a force 230,000 men. Comment is neediess. The grand Army ef the l’otomac proceeded towards Gordonsville, found no enemy, re- paired the railroad, and then marched back again. Why thia grand Army ‘cf the Potomac did not warch upon Richmond has never been satisfactorily explained, and probably never will be. Gue reason as: signed was lack @f transportation; but there were two ratlroads, one by way of Aquiajcreek and Frede- ricksburg, the other via Manassas and Gordonsvilic, which could haye been repaired at tho rate of ten miles per day, and our aviny was ample to guard it. Had this overwheiming force proceeded direcily wo Richmond by these lines, it would bavo spent the Ist ot May iu Rich- mond, and ere sf the rebellion would have been oavied. This grand army commanded, was superior to any army the world has seen for five hundred years. Napoleon [. never fooght cne hundred and thirty thoa- sand tmen upon one buttie flold. Yet shis nobie army waa divided and virtually sacciliced by someone, Who is the Before the advance upon Manassas, General ged hia plans, and demanded to be poc- leave the enemy intrenched at Centreville and Manassas, o leave the Potomac bluckated, and tw take bie army Annapolis by land, aud there embark them for the rear of the enemy to surprise him. In the council of war called ujoa this preposition, the Commanding Geveral and eight out of twelve of the commanders of divwiong (acd hee permit me to say that 1 am eae that seven of the eight Gonerais were appointed upom the recommendation of Gone- ral McClellan) vo.ed that it was not safe to advance upoa the wooden guna of Centreville, and to naw plan of cainpaign. reskient aud the Secretary of War overruied this pusilianmens decision, and cou pelled MeCiellan to “move immediately upon the wnemy's works.” £e marched, and the trophies of that momo- Fairfaxy General McClellan changed bis plan cided not toadvance upon (he rebels with bis whole force, but wo return to Alexandria, divide bis army aud embark for Fortress Mouroe and Yorktown. it was de- cided that 45,000 men should be left for the defence of the capital, aud he was perritied to embark. After much »idabie iu the movement of 90 vast a force, mous Material), the General-in Chief himself? barked. Soon atier he sailed, 1} came to the know. vast accumulation of ruaterial of General MeCleilan virtasily w: ont defence, and the enemy’s wuole foree, large or small, was unioucted infront, The committee immedmiely suramoned General Wadsworth, the Commanding Genoral and Military Goversor of the District, who, upon oath, made part of bly teotimony the following siatemens to thesecresary — Heapavanrene Mey narde BD. Or Ave a 16a} oti 2, S1n—I bave the honor io aubiuit the fodowing condensed it the forous under my command [or the defences rtiuery, Cavalry (ix compaiiies not mounted) Total. Deduct sick Total present for duty, Thave no mounted light artillery under my command. Several companies of the reserve artillery 0: the Potomac are suil here, dut not under my command oF it for service, Tam ordered by General McClellan to detail (good ones) to ‘join, Richarwon's division ) ant pasios through Alexandria; one reci- i (0 replace the Thitty-seventh New York Volunteers Hoinvvelman’s old division, wud one regiment to relieve Posinent of Hooker's divivion at Budd's Ferry—total, Foginenta, ain further ordered thie morulng, by telegra to rellove Genera: Sumner at Manassas and Wate at he may embork forth wi ote: J effic b been relieved from briga id, im consequence of their uatiua ats remaimlag have boon sei , the ‘eled to take their onyy avtiliory regiments and one tufan'ry regiment, oly hid Boop disiled for come montha In artiiery service avo been Wibdrawn fr he south ab Potornac, and [have fil their place ry ney inlantry regluents, duties of that arm, and Of little or go value in their vand to cover the fr 4 beyond Maw in bony duty to erioal sirengt), and chitracter 0: urate, 18 bt i judgment enticely i (tor ive portant inty to which ft it 5 a (ust (he enemy ¥ sat thts p A Lipo o 1 hens BVO : s, WAUSWORTH i duvernor ‘ has © bighe Tkaew bia | | well, And esteem him bichiy: but I must be permitted te | say that bis soldioriy si vuitvity exceots belief. His ealy hope ot tmp wiry frow attack 1 thos the enaimy wil Koow his i will bes) eiiy envaged e¢lkewher ywh mand whore? Not certain’y by theariny wmdor MoC.ovian, for he bad wire learved that M-Clelan ever atacked, By whom and where? Pagain ak Ge: nea Wage rik mut ssewer. One hanired aud twenty th osaua vere ianded at Fortress Momroe, and sab dow bevore } nounder Geuors) Me jedan, while tho omery ast winber 10,000 mon. In | stung Geaeta to telegraph for rei te to the day ho w ry bus Deen dew } ceived » beliowe tt 1 wom tuadog’ tay of | War, proce od trace ortalion asd so od the slutp. the troupa aud re-mforee ment of al 88 Hows: Quostion—What fs your posttton under the government? An “ebony of lam As-imant gor ters oF War, on—Do you kuow abysiiag about the transportation 0 Yorktayn oped Gig pase noalat Lo, I aitnded to iho embarkation of those the whole of them? air, you state what number of troops were first or tat pla-e? Anew r—iri bo te Sth of April, asT know from the 8 made to me by the quArt-rMaAsters Who Were Me to the dea 's, there were 121,50 men. eHon—fhat was belore Geucral Franklin's diviston was oF ered there? Answer—Yes, sir, Short at Franklin’ About the 1 nipped; it nuebersd Call's division was sc it consisted of 10:0) Ami abot toe same titr Baitimore a Por. ess Mom-oe thore wer: menjand the last of June @ part of Siielis’ division was shipped. Edid not wae perimiend that; but I am iniormed tere were about 5,000 tam, ‘ Question—You, snperintended the shipment of all the troops but those fro.u General Shields’ division? Avower—Yea, sir. Queetion—Does that comprise all that have been sent to Get eval McClellan since he Janded thera ‘Answer—That is all that I know of, Queastion—Taoat includes the number sent by Generals Wool and Dist Answer—Yes, str, ‘That makes 150.00) men {n all, westion—Do you know of uny o/h ‘r forces at the disposal could have been spared (or his as- A of the xovermment that isin 07? Auswer—T do not, Qirestion—Were there reasons why Gen. McDowell's forces could not be sent? Answor—Yes, sir, The President deemed them essential prowcton of Washington. ‘Qucsuon—And that ioree Was none too strong forthe de- fenve of this \ Answer—It was so regarded, me sito.—Have you auy personal knowledge of the state of the reada, and the convition of the country on the pening sula when Gen. McClellan first took lt army there? wer--Latly In Apri T visited the heudquarter4 of Gen, for Toads totally impassable for the On Ito: *0 for supplies, S headquarters, twas ine formed that he was sendiny his cavalry back to tho river, because tt Was impossible for Lim to transport iorage to ustuin then. mevalence of he condition of the roads vont 8 oint to Lis headquarters, I was myself elgut hours golng scven miles on hors:back. .: ‘This testimony ts so important that I have deemed it viutely rsquisiie that. the country. should haveit, country Las been deceived, It has been led to be- lieve that the Secretary of War or somobuily else has juteriered with Geverai McClellan’s plans, when he hod an ariny that could have crushed any other army on the face of the oarth, One hundred and fifty-eight thousand of the best troops that ever stood on God's footstool were sent down to the peninsula and piaced under command of Gene si McCiellan; and yet the whole tresgonable press of tho couptry‘has been howling after the secre. tary of War, because of his alleged refusal to send reinforcements to Genoral Movicllan, As I the other day, he hus sent every man, every saber, every bayonet, evory horse, that’ couid be spare! from any source whatever to increase that grand army under Gen. McCiellan in front of Rich- mond. Why did he not enter Richmond? We shall see Gen, McDowell’s force was not sent down, because it was dcemed necessary to protect the capital and its vast ac- cumulation of military stores. Although the Presi‘ent aud Seeretary of War would have been justified in hoid- ing tho whole of that force, Gen. Franklin’s divis! taken from it, and shipped to the peninsula, at Gen. McCleilan’s most urgent solicitation, and it was his urgent cry tor reinforcements that brought = hielda down to unite with McDowell, and thus united, those two columns were to march upon Richmond, and still further reinforce aud aid . McClellan. As tothe manner in which Genoral McClellan has been treated by the War Department, I will present the testimony of the Quartermaster Generai. General M. C. Meigs testifies as follows, among other things:— Question—Will you give, if you have no objection, an aps roxtmate estimate of the nninler of troops sent to Gene! leCiellan bevore the late battles 1@ar Richmond? Answer—In doing so I all nave also to atv the grounds for my opinion, I was called upon to provide transportation for avou:one bandred and ten thousand men, «bh thelr horses, bagzage, provisions, €e. Tam iniormed , Assistant Secretary of War, who negotiated the most of the eharters of vessels at tho first starting, chat 1 fter they salled, by which tt and iwenty three thousand sink, eventeen tons: ten undred wagons, four batteries had been shipped for tie peninsula, I do not uu that Franklin’s division wes included in that eumneration, Since then Franklin's divisoa, whlch must have becn ten or twelve thousand strong, and McCall's division, nearly eleven thocsind sivong, have been sent down there, Ger tain troops have been obtained from Fortress Monros and Norfulk, being drilled and replaced by newerones from here, Balttmore and elsewhere, The number 0 tho-e Teonld hardly guess at. I shoald suppose they were about eight or ten thousand men; and avout eleven thous ind men since these late baitles have been s.nt from Alexandria; they were a pact of Shields’ division, and some regiments that were taxen from here. I have Ly that that would make @ total of about ous bundred and sixiy thonsan! men, trom frst to last transported to the penin- aula, We have sent more wagons since—a considerable number;and General Van Viiet, who was hero the other day, and was chief quartermaster of the peninsula, told me that there wera about three thousand wagons now incamp ut Harrison's Polat, We have sent horses down, from time se to replace those that died or were broken 5 down and kil you had the means of knowing whether Question—Hav the government has had it in its power to aend more rein an it has since his land- foreemmenis to General MeClellan, ing oa tho poatasnlat ‘Answer Go not think the government could have safely sent, from any troops within its reach here, any consilerable reinforcements t@ General McOPlian beyond wuat it has already sent. A few hundred men, mor: leas, woald amount to nothing. The only way, it appears to’ me, in which the government could have done so, was to have called f ore (roops, Ta sed them, organized them, driile | the: fund made them’ Nt to gg there; for raw to two hundied 4n and ane, Question—Will you stato to the comin'ttee if, in your estl- mation, everything required by Gonerai McClellan of the government has been promptly sent to him? Answer—I thivk so, 1 know that the government has de- sired to doit. Tn my own department I have endeavored to supply everything called for, and I have no doubt that has been done in all the other departments. Ipresent this testinopy now partly becauge we have net yet bad an auswer to the resolution of the Spuate, asking for information as to the number of men ship» to tho peninsula, It is not for me, sir, tostace tho g'rengh of McClollau’s army at this ne; but I know it 18 158,000 men, less the number lost by sickness and casualties, Doos avy man doubt that this army, ably handled, was sufticieatiy strong to have captured Rich- mond and crushed rebel army? I think not, if promptly led against the enemy; but instead of that, it sat down {fi malarious swamps aud awaited the drafting, Ligon drilling, aud makiug soldiers of au army to fight it, and in the mcantime our own ariay was rapidly wast ing away. Unwholesome water, inadsquate food, over- work, and sleeping in marshes, were rapidly fill. ing the hospitals, and ov yliug the return boats with the sick.’ Sir, we hav spade than the bullet, five to one, « from Yorktown under MeCielia Had the so:diers been relieved from digging aud menial labor by the substita- tion of negry laborers, the Army cf the Potomac would to. day, in ny estimaticn, contain 30,000 more brave and eficlent soldiers than it ‘does, Had {t been relieved from guarding the property of rebels in arms, many valuable lives would bave been saved. Yorktown waa ovucuated ater a sacridee of more mea by tickues# thon the enemy had in their works whea our army landed at Fortress Monroe, rhe batile of Williamsburg was fonght bya smail fraction of our army, and the enemy routed. Due. ing the battle, Genoral McClellan wrote the follow: patch, miles from the field of battle: — (Revetved at War Department, at 12:2 P. Birovao ix Frost ,! Wi ay ug des. May 6.) Aa 8G, | 10 ¥. M. Hon, Bowtx M, Staxtox, Secrotary of War: ‘Afler arranging for the movements up the York river I was urgently seat (or here, T find Joe Johne-ton tn front of me in sirong force. probably grexter a good deal than mj own, Hancock has taken two redoubts aud repulse’ Early"s brigade by a real charge with the bayonet, taking one Colonel and one bund: 4 ACty prisoners, kitling at least two Co- lonels and many privates. Kia eon inet was brilliant im the extrem do not know our exact joes, hut fear Hooker has lost considerably om our leit, I ivarh from prisoners that they Lnvond dueputing every sip to Ricwmond. I shall rua tie risk of at least hoiding them in check here, while 1 re- same the original plan. My entire tore ts undoabtedly considerably inferior to that of the revela, who will fight well; but I will do eli I can with the force at im, eae G. B. McULELLAN, Major General Commanding. He would try w ‘ hoid them in check.’ He could not hold them. He could not stop his eager troops ing them. After a simall [raction of his army had whipped their entire force aud had been chasing them for hous, oP ree that despatch and sent it to the Secretary of War, and, if I remember aright, it was read in one of the two housos of Congress. As yor may sup- yore frou that despatch, there was no great eagerness m following up that victory. Three Mic! ‘ogimen's were not dectmated, they were divided in twain in that bioody Dattio at Wilamsburg. They fougut there all day without reinfurcomente. One Michigan regiment wont into the trenches and left sixty-three doud rebels, killed by the bayonet, weltering in their blood. Bui who has ever heard, by any officsa! communication from the head of the army, that a Michigan regiment was in tne fight at Williamsburg? I do not biame him for not giving credit where ordit te due, for | do not believe he knew anything more of that fight than you or I. When that batt'e was fought and won, all the exemy’s works wore cleared away, and we had au open road to Richwonud. There was vot a single fortification between Richmond and Williamsbarg. All wo lind to do was to got through those infernal swamps, march ¥ and take possession of Richiaond, What did we dot We found tho worst swamp there was between Richmond and Williamsburg, and sat right down in the conteo of it and went to digging. We saoriticed thousands and tens of thousands of the bravest troops that ever stood on the face of God's earth, digging In front or no intrencliments and before a whipped army of the onemy, We waited for chem to reorult; we waited for thom te got anothor army. (hey had a'lovy en masse. They were taking all the men and boys between the ages of ‘fifteon and filty-Ave, and magnanimously we waited weoks aud weeks (or them to briug these forced levies into gone of conglutency ag an army, Iba battte of Fair 0. fought. Thore the enomy found again a tito f our artay—very much joss than half—and they brought out thelr eatire foree, 1 have 6 from the best au- thority (hat they had not a golitary regimout in or about I a that was @ to put ta front of an t they dit not bring to Fair Oaks and huri lectinated Again the fi, of ‘the private » otto i LT | have been imformod by @ Map, who was thoreat tho | effe-tive than they have been. Tt bag annihilated time, thab two briga ios Of Tesh trons eo bt have every bittery aud every means of chasod the whole Con ederate througt the oft bauks, w mend ana Lo the Jue vd contusion. And her big swamp, aud we sat dowain th We began to enemy that was of |,t20 Snemy Lad op the westerr ‘amt including Jamestown Island, ir vrnots , juss aud quasters ad dismay dost oving their guns, and the with ty of the innumerable t dune, LoL in corvoy un stations; it has piotected® th Tnoof baite, and as this swment the gal t | Pnd ore restiugstrom tho great lavars until | ing their exbented enirgies tudes is te toils. And yet the services of a Sir, these | galiat officer, ta o: ganizing this eflicieney, and in quiet vy | ly und unosientatious y distributing iis forces so 48 to U | sheure the greates! success 10 the brigsest time, sad wich dso eet econmmy of men ant means, have been rewarded by tho oxger ovomptness with which public censors heve Leioued Wy aud eno: vhe (ivelous and Lippant eritt isis of irresponsible Writers, Unq 1 © KAYO gencies, the peo- J that ineonpetency, senilicy, Vacillation, timidity, shal. be banished from the quarter. doi, ag well as frvtn the (ont und the plies of civil d nity ad pow but most assuredly the fair fame of aa accomplished anc cuergotic olliver; Lis clear reeord of Jong and henorabie servico in thy archives of govern. aud the proofs he bas given that his w¢gomplish: wuts and evergy, in all their fuilness, are still at the should protect but eitorly Broou. batile of Fur Oks. eo pieces by hun'reis. — Go Square Hospital ip tis cl'y, and y \ he occu at Fair Oaks ‘wad V ihe 1 fiat more ih who w who stood int? n men, ea gin & recimont of a thoisang mek werg reliced to one and houd et avd & men have been en did aot run, uselosily suerifice, Gizgwg, and haed fare, aud ha nid if there was auy lard Oghilogtodo bey at to that: and, be: his, at night they gird the prop riy of reves ‘They have been #o sag ited thattwo or three chigaa Fe iments to. not tring int and afty achoutof a thousand with which they fia tol. Fair Oaks wae lost; that is to say, wo won s brie liknt vietory, but at did us no good, wed d wot take ad- vantage of it. Of courgo it woul! have been very unfair to take advantage of a routed army—(iqugh or)—it wold not have Leen according to oie w. maghanimusly stopped, aud commen Was Do army O14 ONC Lront, there were no in our front, but we did not know what 80 we began to dig aud ditch; and we ki f ditching unti! the rebels had imoress-d and drilled, and a me, and mae soldiers of their entire population, Bat this was not enough. They sent Jackson up om bis raid w Winchoster, and wo wailed for hin to come back with his 20,000 or 30,¢00 men, We heard that Corinth was boing evacuated, aad o” course it would have been very unfair to commence an attack until they brought their troops from Corinth, and so we waited for the army at Corinth to get to Richmond. After the re- bes had got all the troops they ever hoped to ra'se from. any source, we did not atiack them, but they nttackod us, as wo lad reason to suppose they would. They at- tacked our right w nd, as tem informed upon whit I must deem reliable rity, they huried the majority of their entire force upon our right wing of 30.000 mei, ani during the whole of that Thursday our right wing of 80.000 inen held their ground aud repased that vast _ — horde uf tye onomy over und over aguin, and held their Dec... 171,581 6,008 ground at nigit. Of course you say # re-enforcement Ie $o-000 vr 30-200 mou was govt to thege, brava troopa that | __ THe decrease of specie is less than was general ly expected, in view of the recent heavy ship y not nly hol(-thoir ground tho next day, bat sond this dastarujy army into Richmond @ sevoud time, | ments of coin. Very little or none of the gold ex: wm. the Mi a jService o: bis country—all these thi him from the hasty ce sure which cnderans because dyes not undorstaud, aud blasts becquse it can see De giory im tho siraightforward aud mauiy accom aneat Of duties. MANY NAVAL O#FICERS. eb nerecers_ mr eS TS FINANCIAL AND COMMENCVIAL, Monvar, July 21-6 P. M. To-day's bank statement compares aa follows | with that of last Monday:— Wekend’y, Loans. — Specie. July 12.$147,997,436 82,003,174 27,423 81,926,609 CireuPn, — Depoat's. 9,212,397 127,533,065 95155,301 129.496,97T 1,046,928 ag at Fair Oaks. No, sir, nothing of the sort was done, = 5 At night, tnetead of evnsing ‘them re enforcemouta, | ported to Europe, and shipped to Tonneasee, Ken- Shey‘ wererennened $0; raiment. hat was /siral tucky and Louisiuna for the purchase of cottos ‘Tho moment they ovmmenced their retreat, as Is sult in the despatches, thesenemy fought like demous. Of ourse thoy would. Who ever heard of @ reireating army that was not pursied by ‘ha victors liko domou: yt in the ease of rebel retreas? No otier nation but ours was ever giiliy 0. stopoing immediately after a victory. Other armies fight like deimous after @ vic ory, and annihiia'e the enemy, but we do uw Our jet wing and centre remained Afeiat was moda wn d contre, aud Lhave here, not the sworn tes- t the statement of one of tho brave=t mea in Army of the Potornac—I will not give his name, but a mare bighly hono-abe man iives not—that when bis regiment was ordered under arms, he hal no doubt (hat he was going to march into Riciimoud, He beiieved the whole torce of the euemy had aiia kel our right wing; ho believed there was uoihing bit a screen of pickets in front, and he thoight tat now our great triumph was te come off, His mon sprang into line with avidity, propared to rush juto Richinoud and take it a® the point of tne bayonet. Ho never dis covered his erfor uuiil he saw a milion and a@ half dollars’ worth of property burned in front of hig regimout, and then he began to think that an advance upon Richmond was not intended. And it was not. We had been at work there and had lost ten thou- sand men in diggivg intrenchments; we bad spent months in bringing up siege guus, and wo abandoued those intrenchmenis without firing one gun. Our army was ordered to advance on the gunboats in tead of on Richmond. This colonel tol! me that his regiment fought three days and whipped the enemy cacn day, and re- treated each night. The lett wing and coutre were un- touched until they were ordered toretreat. No portion of our vast force had beon fought except the right wing under Porter, and thoy whijfped the euemy tne lirst day. ‘This ts called strategy! Again, sir, T hy was this reat Aemy of tho Botomac of wo hu: and thirty thousand men divide Human ingenuity could not have devised any other way to de‘wat that army: divine wis- dom couid scarce:y have devived any other way to de- feat it than that which was adopied. There is no army in Kurope to-dity that could meet the Army of the Poto- mac wheu it was two hundred aad thirty th usaud strong, the best fighting materia! ever put into an army on the face of theearth. Why was that g aud army divided? Tsimply charge that grave and serious errors ave been commiited, aud, a8 1 have sald, no other way could have beeu.devises to dofeat thatarmy. If the one hun- dred and fifty-eight thousand men that were seat to General McCleiian bad been marcied upon the enemy, they could haye whipped ull the armies the Coufederatoz have, and all thoy are likely to have for six months. One hundred and fifty-eight thousand are about as many as can be fought on any one battle feild. One hun- dred and fifty-cight thousand men aro @ vast army,a great deal larger army thin that with which Napoleon destroyed six bundrod thoosan‘i of the Aus- trims ina single year. Oce hundred and fifty eight thousand wen ably handled can d any force the Confedérates can raise; and that is the force that weut down tothe peninsula. But, sir,tt lay in ditches, dig- ging, drinking rotten water, and eating bad ‘vod, and sleeping in the mud, until it ‘became greatly reduced in numbers, and of those that were !e't very miny were in- jurea In health. Still they fight; stilt thoy conquered in every fight ; and still they retroated, because they wore ordored to retreat. Sir, ] have deemed it my duty to present this statement of facts to the Seua'e and the country. I know that I am to be deno.ncod for so doing, and sugar, has come outof the banks. The in crease in deposits is greater than was anticipated, Money is again flowing hither from the country fos employment, and unless speculation of some kind or other can be started the banks will experience difficulty in employing their means. The loans increased last week only half as much as the de- posits. Money was abundant to-day at 5 per cent, and we hear of loans on call below that figure, Mer- cantile paper is quoted at 5 a 7 per cent. Cer tilicates of public indebtedness are selling at 97, having sympathized with United States sixes. Demand notes are not very active at 108. Exchange rose this morning to 132, but was afterwards quoted at"131%4 a 132. Gold rose at one time to 120%, but afterward sold freely at 120, and in the afternoon at 119%; it closed late in the afternoon about 1195% bid. In alluding in this morning’s article to the par of exchange, we meant of course sterling bills at 10954, not at 100, as some persons in the street seem to have imagined. It fa not at alllikely that we shall ever see gold at 115 and exc’ ange at 100; but it is by no means unlikely, in the opinion of persons competent to judge, that we may this fall see gold selling at 115 and bills at 110, in which case gold would flow in this direc- tion from Europe. The stock market took an upward start this morning, and there was quite an active inquiry for some of the speculative railway shares. At the first board New York Central rose 1%, Erie Erie preferred %, Toledo 134, Rock Island 1%, Galena 194, Burlington and Quincy 2, Mich’gam Central 24, Iinois Central %, guaranteed 134, Pacific Mail 34, Panama 1. Government stocks remained where they stood on Saturday afternoon. It has transpired that the heavy sales of govern- ments which have been made within the past week were for account of parties who allowed themselves to be frightened by threats uttered by a few rural Congressmen on their passage through this city, to the effect that Congress would repeal the provision of the law requiring the interest on government stocks to be paid incoin. It was as atrocious to make such a threat as it was silly to believe in its fulfilment. The public faith of the country is pledged for the payment of the in- and I telt you who will denounce me. There are two | terest on all the public debt in coin; Congress is oe anheey seu aut fenlac She ceraltien tee just as likely to repudiate the whole debt as to recede from this solemn provision of the law. ,Qfter the board thore was s reaction of % a % per cent in the Icading stocks. At the second board @ part of the reaction was re- covered, and the market closed steady, the fol- lowing being the last quotations:—United States 6's, registered, 1881, 9824 a 9834; United States 6's, coupon, 1881, 98% a 98%; United States 5's, 1874, 364%, a 87; Treasury notes, 7 3-10 per cent, 102% a Tennessee 6’s, 5034 8 504; Virginia 6 a.52; North Carolina 6's, — a 647%; Missouri 6’s, 47 94724; American gold, 119% a 120; Pacific Mail, 107% a 107%; NewYork Central, 92% a 92%; Erie, 3424 03434; do. preferred, 62 = 6214; Hudson River, 4324 a 43%; Harlem, 14% a 15; do. preferred, 3534 @ 3514; Reading, 65 a 56; Michigan Central, 60 a 6034; Michigan Souther and Northern Indiana, 24% 25; do. guaranteed, 655% 4 56; Panama, 132 a 132%; Illinois Central, a 57%; Galena and Chicago, 70% @ 70%} Cleveland and Toledo, 4724 a 47%; Chicago and Rock Island, 64 a 64; Chicago, Burlington and Quincy, 77% a 77%; Milwaukee and Prairie da Chien, 3224 a 33; New York Central 7's, 1876, 108% —; Eric 3d mortgage bonds, 98 a 9814; Michigan Central 8's, Ist mortgage, 10644 LO7Y4q Ulinois Central bonds, 7's, 93 a 95. We placo in tabular form, for convenience of re, ference, a few of the statistics contained in the extracts from the forthcoming census report pab lished in this morning’s Heranp:— Yaiue of domestic manufactures for the yoar ending June 1, 1560... « - .$1,000,000,00 Number of persups employed in wanufac- been denouncing every man who dil not sing pens to “gtrategy,’’ when it ied to defeat evory tine. the trai- tors North are worse than the traitors Souh, and some- times I think we have as many of them ia the aggregate. ‘They are meaner men; they are men who will come bo- hind you and cut your theont in the dark. I have great respect for Southern traitors who shouider their muskets and come out and take the chances of the bu: and the halter; but I have the mosi superlative coutempt for the Northern traitors who, under the pretended guise of pa- triotism, are stabbing thoir country in tho dark. A Defence of Commodore Goldsborough, by One of His Friends. TO THE EDITOR OF THE NEW YORK HERALD. Noavoin, Va., July 16,1862. In justico to an officer long tried in the pubile serviee, and held in high esteem by all those under his com- mand whose positions have enablod them to form a just Jadgment of his energy, discretion and mili in the ma- agement of the North Atlautic Blookadifig’8quadron, I desire you publicly to correct certain statements of your correspondent at Fortress Monroe with reference to Flag Officer Goldsborough. These statements indicate that the Inte formation of the James river flotilla into an independent division of the North Atlantic Blockading Squadron, under com- mand of a now officer, has given great pleasure to the commanding officers in that flotilla, as promising thom a more vigorous and effective administration of naval af- fairs in these waters, ‘The regulations of the sorvice forbid any meeting of officers for the mavifestation of approval or disapproval of the acts of their superiors, or any collective and for- mal expression of opinion concerning official in«tiers, aniess directly authorizea by an order from tho com mander-in-chief. If @ proper regard {or disetpiine and military subordination permitted any sach expro swan, 1 am satisfled that those who have, ag respousible officer: shared with the Flag Oliicer ia the porils, auatoties and fatigues of an arduous service of ten monsas of continual and success(ul warfare in the sounds of Albemayle and | _ turing—males..,. sessccasecsss cess 1,100,008 Pamniico—ot dangerous blockades tipon w stormy coust, | Number of persdue employed in manufas- and of absolutely unprecedented experience in (pion turing—fermaics . ° 285,008 Roads, ta York and James rivera—that his companions | Preduetion of iron, tons, over. + 21,250,006 in those triumphs and dangers and respouaibiiities wowld | Value of machiuery. produced. + $47,118,556 unitedly protest with generous indignation against any | Value of coal produced.........+.+ « 19,000,004 such unauthorized nse of their names as would convey | Vatue of prodact of flour and grist mi + 223,114,008 the Idea of censure of their commanding oifwer, Value of jumber produced... . 95,912,008 Oilictal records will yet prove to the public (who, in | Value of covton goods produced. 116 137,006 their haste to judgo the Flag Oficer on what they | Value of woollen goods produced 63,805, COL consider his sins of omission, have apparently | Total wool clip, Ibs....... GO511,06€ forgotien what bas been accotplished by the | Vaiue of leather prodaced.... co. 963,090,008 vessels undor his commaud at Roauoke, Elizabeth | Value of boots aud shoes produced in New City and Newbern) that not only bas every Engiand and Middle States, 15 674,000 emergency in these ‘and adjacent waters been met | Value of product of fisheries, 2,924,000 by him with promptness, energy and discrimination, | Number of banks 1,563 and with the best disposition of the forces at his com: | Aggregate capital $421,880,000 mand, but that hia services in these ets have been | Loans of 691,945,000 repeatedly and formully receguizad by the President of | Specie hel 83,505,000 the United States and by the War Department with | Circulation 207,102,000 encloses congratulation, approval, and even | Vadue of individual 1,600 000,000 ratitude. 880 000 Within the litnits of an admiseadle communication, it 1 445,000 yrould be nearly | impossible tomes ‘all the attacks which aa tes sete mb 000 ave been made against this experienced and skilful . as follows officer by itresponsivie parties throagh the pabite press, |.. roe basiness ‘Treasury with reverence to his tof naval affairs during | to-day:— those anxious and sieepicsa months when the existence of the Army of the Potomac and the jutegrity of Chesa peake aud lelaware bays wore dally threatened by the redoubtable Merrimac, It is not properly understood ized that it wae Dy the coassiess vigilance of the Flag Oilicer that these te oalami Ue rf a and that by “his Mineuigeat wdntsibo. declared an interest dividend of threo and a half u rams and vessels-ef- lion of that terrikio Datvery "was ‘wndered so | Ber cent, payable August 1. The Brooklyn City Railroad Company has de. olared a dividend of four per cent, payable on the Slst inst; the transfer books will remain closed till August 1. This St. Louis Republican of the 17th instant furnishes the following {nformation relative to the continuation of the Pacific Railroad of Missouri:— / are gratifie! to learn, aa wo do, from information A by Goorga R. Tayler, Esq., President of ific Kaiirond, that work will bo resumed O% he southwort brain of that road, along the wholg tweon Rolla aud Lobanon, a distance of MY six mile The work will be carried om tu pursvance Of aa order of tho President of the United inevitable that ite commander did not dare to wake the first step,even, to threaten the army and ihe Northorn cities, The blockading free waa not lod toa Quixotic attack against Norfvlk and the Merrimac In Elizabeth river because the tortnous and dificult navi- ation of that rivor was not only impeded by sunken Curricades, but was defended by more than one hundred in battery, protested by casemates, bomb- and all the appitances of fortiftcation. tinao in her own waters, whose troacherous shallows were there ong ot her greatess safeguards, w 4 we not to be atiacked by any prudent commander with Yggh | eommunic fearful reeponsibilitics attached to a reverse, ‘i Again: It ts weil that the pablic should 69 mado aware the details of all naval movesaciis in tho subdivisions of a squadron aro, 19 ARE At Hoasure, ne: ocpsarily left to the discretion of thy gonior osicor com- manding in each division. “Yaia hag boon the | act which ompowers him t case dames river; bul. wile the sovior off: | named therein shall bo ropa cer there has possesey f, fully oxo Secretary of War is charged with ‘the a@xecw! to Gistretionary power, ho lis Leon gov order, and will no doubs ime” ate} 4 general poiloy “yy” tho ¢ fat Leormpiied with im the mugs export squadron, W's would not ! iy fores a 1 | for (he heaviest gr ore Lek @” Saagl wort Harling. perch t (4, upon a bluil S tate (Oe Gf the reaul O° bava nud " Vlieee Prot oh 1 ‘ba z ” po Ber | j