The New York Herald Newspaper, July 30, 1862, Page 4

4 NEW YORK HERALD. Jame: DON BENSETT, EMTOR AND PROPRIETOR. OFFICEN. W. CORNER OF FULTON AND NASSAU STS. Voleme XxVi0. AMUSEM s1BLO'S GARDEN. Broadway.—Tan Couesn Baws, WALLACK’S THEATRE, No. 84 Broadway.—Pea Disvovo—luise Moxon WINTER GARDEN, ras. NEW BOWERY THEATRE, ventures o¢ Jack Sucrragp— .—Faxcaon—Bos Nar- Live AND Ap- BOWERY THEATRE, Bowery —Pramiess PooimIzE- Lanp As fr Is—llow vo Avorn a. ON'S CREMORNE GARD: artennth street and ayrnue. Orewa’, BALLET, PROMENADE CONCERT AND pest ict as 1st. BAKNUM'S AMERICAN MUSEUM, Broadway.—Tan Lesencp Seat larry Famity, &e.. at all hours, Two Pigeoxs—Niv awd Tock, afternoon and evening. CHRISTY'S OPERA HOUSE, 585 Broadway.—Et1 Sonus, Dancxs, &¢,—Dovs.e Bepoxv Roum, ee WOOD'S MINSTREL HALL, 5I4 Broadway.—1 Songs, Dances, 6¢.—Aint Cor Trax To. ‘TaanY. prren HITCHCOCK'S THEATRE AND MUST » Canal Btrect.— Sones, Dancks, BURLESWURS, te” Haas GAINTIRS CONCERT HALL, 616 Broadway.<! Room Extuirarxngnts, en neN aD RAT PARISIAN CABINET OF WONDERS, 563 Broadway.— Open daily from 10 A.M. ull lo P. at wen New York, Wednesday, Jaly 30, 1862. THE SITUATION. The news from General McClellan’s army to-day fs not important. The movement of the rebel troops towards the junction of the James and Ap- pottomax rivers, which was reported yesterday, proves to be true, and the statement made to the Union prisoners that they were going to rei e Jackson is most probably only a disguise to cover the concentration of a large force between Rich- mond and the Appotomax. General McClellan spent all day Monday in visit- ing the hospitals and comforting the sick and wounded soldiers. Dr. Williams, who has just arrived at headquar- ters, after a lengthy imprisonment at Salisbury, North Carolina, reports that rebel troops to the amognt of one thousand a dey passed through that city for Richmond since the seven days’ battle. ‘They came principally from James Island, South Varolina, and from Eastern Georgia. Information comes from the same source that the enemy had one hundred and seventy-three thousand men en- gaged in the late battles before Richmond. It is evident from the statement of Dr. Williams and his companion, Dr. Stone (a Bull ran prisoner), that the rebels are concentrating animmense force at Richmond, and are hurrying up men to that point from Tennessee, and nearly all the Southern Btates. A slight skirmishing is reported to be going on at Orauge Court House, but the results are not *mportant. The forces of the rebel General Ewell, to the amount of some twenty-five or thirty thousand, are said to be scattered along from Orange Court House to Stannardeville, and through Gordonsville. Orange Court House is eight miles northeast from Gordonsville, and Stannardsville is ten miles from the same place to the northwest. Our correspondence from Fredericksburg will be found highly interesting and full of details rela- tive the movements of Gencral Jackson and the late reconnoissance of General Gibbon. General Pope and staff left Washington yester- day for his headquarters in the field with his army. He will probably soon have sharp work with Stonewall Jackson. The news from the Southwest recounts a skir- mish which took place at Bolivar, Tennessee, be- tween a body of Union troops stationed there and a forve of rebels; but no particulars are given; the evacuation of Grand Junction, below Corinth, by our troops, its occupation by the rebels, as wel) as ofa portion of the railroad between Memphis and Corinth. This intelligence comes from Cairoy and we have further despatches from Jefferson City. Missouri, dated the 28th, which says that Col. Gentar, of the Ninth Missouri regiment, rein forced by Lieut. Col. Shaffer and Major Clopper, of Morrill’s horse, and Major Caldwell, of the Third Towa cavalry, 65@ strong, were attacked at Moore's Mills, seven miles cast of Fulton, the day before, by Generals Porter and Cobb, 900 strong, and after fighting till after four o'clock in the after- noon the rebels were completely routed, with a lose of from 75 to 100 killed and wounded and one taken prisoner. Colonel Guitar reports a loss of 46 killed and wounded. He captured guns, am. munition, baggage, &c., in profusion. The officers aud mea behaved splendidly. General Cobb is reported killed. Colonel Guitar resumed the pur- suit, and will follow them over the river. Our news from the South continues, as asual, fall of interest. The comments of the rebel press on the condition of our army show how little they really know about the matter. They describe, for instance, a fearful massacre of our troops at Roan- oke Island by the contraband negroes, and the evacuation of that place by the Union army. They deny that General McClellan has received any reinforcements singe the battle at Malvern Hills. ‘The whereabouts of Gencral Beauregard is said by the Richmond Eraminer to be Bladen Springs, South Alabama, where, in company with his family, ke * recuperating his health after the wevere labors of the Western campaign. The rebel government, through its Secretary of War, bas recognized guerilla warfare, and accepted the services of the bands of marauders who infest the border States and Virginia, An Augusta (Ga.) paper states, positively, that eeveral prominent general officers were drank Anring the late battles on the peninsula, and that Bigny of the men were sacrificed in conseqnence. MISCELLANEOUS YEWS. The Diario de la Mavina, of Havana, devotes two lengthy articles to the consideration of the civil contest in the United Stotes, and in its issue of the 10th insiant urges that the nations which are injured by the war shonid interpose their good offices to put an end to it, The object of the struggle, it sa on the part of tho North, to restore the Union as it was, and on the Part of the South to enstain its independence. The first atineks—the serond defends itself; but things have come to such a pass that it seems im- possible to reconstruct the Union ona stable and permanest = fvundation Friendiy mediation Ghould therefore be based upon we recognition o! the independence of the South, The Diario la tents the great sacrifice of blood, happiness and @reasure in the continuation ©! hostilities, and @OUE thet pluhoueh ih was the duty of whe federal pom. i 2 a “ government to use all ita efforts against those who first raised the banner of rebellion—because it was then only the rebciiious movement of a small minority—as soon as it became plain that it was no longer the rebellion of a few, but a true revolu- tion of the masses, then it was the duty of the federal government to cede them that liberty which is the foundation of its own national exist- wnee. It then goes on to speculate on the possi- bility of a peacewble separation, but finds a seri- ous diffieulty in the fact that the North will desire to limit the new confederacy to as few States as possible, while the South will naturally desire to increase its territory, The only way, it thinks, to obviate this difficulty will be to resolve the ques- tion by the votes of the people of each State. The Diario concludes by hoping that France, England and Spain will unite in offering their me- diation, on the ground that the more numerous the Powers mediating the greater will be the chances of success. Galignani’s Messenger, of Paris, of the 15th of July, says:—-The resignation by M. Mon of his post of Ambassador of Spain fn Paris, which is now oflicially announced, is said to have for mo- tive a feeling of delicacy on the part of that gon- tleman. He had thought himself in a position to guarantee that the accord should be maintained between the two governments on Mexican ailairs, and would not submit to the sort of moral disa- vowal inflicted by the change in the determination of the Spanish government and the approval given to the resolution of General Prim. The Courrier du Havre of the 14th inst. has a yengthy article on the necessity of European in- tervention in America, to put an end to the pre- sent war. It contends that, instead of there being any development of Union sentiment in the South, the Yankees are held in absolute abhor- rence, and every day the feeling of hatred is growing more intense. The public opinion of Europe, which the Courrier confines to England and France, should, he says, be made to be felt for the good of the whole world. The latest despatch from Constantinople an- nounces the co cement of the works for re- pairing the Church of the Holy Sepulchre at Je- rosalem. They are to be carried on at the com- mon expense of France, Russia and the Porte, un- der an American architect, Governor Bradford, of Maryland, is making pre- parations to enroll the militia of that State into the United States sorvice. The secesh will of course be indignant, and will put in their claims for exemption. Some will have bodily ailments, others will be weak and consumptive, a few will join the Shaking Quakers but the majority will be foreigners, and will demand the protectionof her Britannic Majesty's represcntative. The Richmond papers are of the opinion that for the next year Virginia will have to feed the re- belarmy. Tuey say that the corn lands of North Carolina and the rice fields of South Carolina are in the hands of the Unionists, and that, owing to continued droughts, the crops in the cotton States are absolute feilures, The recruiting for nine and twelve months men will cease in Pennsylvania, by order of the Secre- tary of War, on the 10th of August. After that day men must be recruited as they are im other States-for three years. In the rebel reguiar a: my there is ne ravk above that of ‘‘ General,” and first on the roll stands the name of Samuei Cooper, a graduate of Weat Point. Beauregard stands fourth in rank, The market for beef cattle was a trifle better on Monday; but there was no visible improvement yesterday, when the prices were the same as last week—irom 6c. to 844 a 8M. per pound. Milch cows were Quiet at from $22 to $40 a $50 per head. Veals were steady and unchanged. Sheep and lambs were very plenty, and about 2c. per lead lower, varying all the way from to $2 to $a $5. Swine were active and very much higher. Corn fed sold at 47%c. a Sc. and still fed at 440. @ 4%c. The total reeeipts were—3,897 beeves, 99 cows, 583 veals, 12,824 sheep and lambs, and 10,280 swine. Stocks wore dull yesterday: but prices were rather betier in the afiernoon, the market closing steaty Mogey was in abundant supply at 495 per cent; gold’ 115% 4 116; exchange, 127 9128. The export ef produce for the week amounts to the unprecedented sum of $4,134,314 ‘Ths cotton markst was ansettled yesterday, ant sales confined to about 300 Dales, in «mall lots, chiefly within the range of 44c. a 460. for middling uplands, with little regular style of middling to be had under 45c. por Ib., while some smai! forced saies were reported at a trifle under the inside figure. Wheat opened firmer for good sbipping lots, with a good demand; but the market closed less buoyant and active. Corn was about Ie. better, and opened with spirit, but closed dull. Pork was in mode- rate demand while prices were rather firmer, with sales Of mess at $10 37%; a $1093%, and prime at $8 873¢ a $9. Beef was firm and lard steady. Sugars were firm and active, with sales of 2,250 bhds., 620 boxes and 90 hhds. melado at rates given in another column. Coffee was firm, but qmiet. The stock embraced 121,283 boxes of Rio and Santos, and the stock of all kinds embraced 165,51% bags. Freights were firm at 13d. a 13%. for wheat in buik and bags for Liverpool. and 3s. 3d. a 35. 6d. for flour. For London wheat was taken at 14d. and flour at 4s. The Campaign in VW Army and Its Movements—Our Policy and Our Duty. The fate of this rebellion hangs upon the present campaign in Virginia. Jeff. Davis and his confederates have concentrated around Richmond the flower of their forces from all our rebellious States, making, all told, a for- midable army, very little if anything be- low the imposing figure of three hundred thousand men. The rebel leaders have mus- tered this army chiefly through a sweeping con- scription act, under which every able bodied white man within their control, between the ages of eightcen and thirty-five, is declared to belong to the army. Their aggregate armed forces thus brought into the field are fully up to six hundred thousand men; but the elite of all these forces is concentrated ia the great rebel army of Virginia. The fact is pretty well established that, in the late savguinary battles near Richmond, the rebel forces engaged were twice or thrice in numbers the forces of General McCleilan; and, according to our latest reports, reinforcements to General Lee were pouring in by every train from the South, #0 that we cannot be very wide of the mark in pntting down the rebel forces in Virginia, between the line of the James river and the line of the Rappahannock, at three hundred thousand men. We know, | too, from the experience of some twelve | or filteen bloody battles, that this is an army | of courageous and disciplined fighting men, and | that even with oor superior arms and warlike equipments we crumot safely underiake to overcome one hundred thousand of these rebels | with fitty thousand Union soldiers. According- | ly, we cannot positively assure our readers that we have the campaign ta Virginia under our absolute control until we are officially assured | that the forces of McCleilan and Pope are | well up to the agyregate of three hundred \ thousand men. We are ignorant of the present | forces of both McClellan and Pope. | that they have been considerably strengthened within the last two or three weeks; but we apprehend that if the ealevtatious and proceed } ings of the War Office are based upon a Virginia \ rebet army of lea than a quarter of a million | of men, Mr. Secretary Stanton is leboring under @ grievous mistake. Kn the pext plece ib id very evident fcom all OO tee + We know es ae NEW YORK HERALD, our advices from Richmond tliat the rebel leaders there are not disposed to wait until it shall suit ovr convenience to resume hostilities, but that, on the contrary, they are busily en- gaged in their preparations for some dashing and daring enterprise. Stonewall Jackson is reported one day, with an army of forty or fifly thousand men, at or near Gordonsville, and the next day the news is that he is on the south side of the James river, threatening Suffolk with seventy thousand men. These conflicting re- ports are intended to embarrass Generals Hal- leck, McClellan and Pope; but we dare say that they understand the true value of all such tricks of strategy. Napoleon Bonaparte made it his first business to ascertain the whereabouts, the forces und the movements ef the enemy from reliable witnesses, and we hope that his teachings in this matter will hereafter be more closely followed by all our generals in Virginia than they have been heretofore. The raids of Jackson down the valley of Virginia, and his final escape in time to ledd in the overwhelming assault upon the right wing of our army on the Chickahominy, could never have happened with anything like proper activity and vigilance on the part of our officers concerned in watching his movements and in defeating his designs. With all our Virginia armies under the super- intending eye of General Hzlleck, we have rea- son to believe that the War Department will suffer no more panics from these rebel forays in the rear or in front of Washington. We have no doubt that General Halleck has made ample arrangements for seasonable and accu- rate information of the movements of the enemy, and for strengthening McCleilan or Pope as the occasion may require. But, while the government and our army are thus pre- pared to meet any desperate assault of the enemy, we want to see the army of McClellan and the army of Pope each strong enough to take the initiative and able to cope with any force which the rebels can bring to bear against them or either of them. To this end, in behalf of the universal wish of our loyal States, we again call upon the President to call oyt the militia if he cannot otherwise immediately re- inforce each of our two Virginia armies to the extent of fifty thousand men. The whole game and the issues of this rebel- lion lie in the all important battle field of Virginia; and between Richmond and Washing- ton, and between this day, perhaps, and the Ist of October or September, or—who can tell? At all events, the sooner our armies are reinforced the sooner will we be ready to re- sume the march upon Richmond. And if we intend to do any decisive work in this cam- paign we must prepare to do it before the mid- die of November; for after that date the com. mon roads of Virginian are impassable till late in the spring. Now is the time for action, and this is the day of salvation. The French Expedition to Mexico. The latest news we have from the Mexican re- public is very meagre, but on the whole not so favorable to the French army as interested ac- counts would have us believe. Gen. Lorencez still continues at Orizaba, where he has fortified himself very strongly; and, in the absence of any immediate fighting, his soldiers have creci~ ed a temporary theatre, which, by all accounts, was going on as swimmingly as circumstances would allow. We see no accounts whatever in any of the papers of the reported repulse of the Mexicans while attacking the French positions at Orizaba, and the whole story appears to be one of those baseless rumors whose origin can never be clearly traced. Since the surprise of the advance guard of the Mexicans by the French on the night of the 15th of June last— in which the former suffered very severely in killed and prisoners—the Mexican leaders have manifested no hostile disposition, but rather seem content to await the final determination of the French government. In the meantime there is no apparent relaxation in their prepara- tions for future emergencies, and it may be that the Gauls will, ere long, have their theatre broken up by the rude voice of a renewed and bloody contlict. The reports of the attack by guerillas on the 5th of June, on a French convoy for Orizaba, are fully confirmed. In this contest the French lost over fifty wagons of arms, ammunition and provisions, and several of the escort were killed by the Mexicans. On the same day, ata place called La Purga, another guerilla band attacked and captured some twenty wagons; 80 that the French loss in the aggregate was very severe. On the 15th of the same month the Mexicans seized a coach train that was on its way to Orizaba, and carried of all its passen- gers prisoners to Jalapa, the main road to which city is militarily occupied by their troops, and on the road to Orizaba nothing can be sent forward without a very strong escort to guard against guerillas. Cordova and Orizaba—the points in the oc- cupation of the French—are in a state of great misery. The necessaries of life are all in great demand and very small supply, and the conse- quence is that prices are most exorbitant, and the effect is dreadfully felt by the people. The pretender, Almonte, is also flooding the coun- try with his irredeemable trash of paper money. but not without the most vigorous resistance and protests of the people, who see nothing but an increase of their misfortunes in such acts as these. Taking all these things together. we must con- clude that General Lorencez does not repose on a bed of roses. Of the six thousand Mexi- cans who followed the fortunes of Marquez, and enlisted under the standard of France, there are now but two thousand effective mento be found in the French camps. All the rest have gone off by a system of desertion well known to the guerilleros of Montezuma’s land, And now the French Commander-in-Chief is making urgent applications to his Consul at Vera Cruz for money to pay these Mexican “allies,” fearing otherwise that not s man of the remnant of two thousand will long remain with the invading army. The news from Vera Cruz is no more pro- pilious to the French. The black vomit, it is positively stated, bas made great ravages among the unacclimaied Kuropean aoldiery, and no less than seven hundred and forty of the French garrison of that city have fallen vie- tims to this terrible scourge. The people there are also in the greates! want and wretchedness; public confidence is entirely destroyed, and, as one of the Havana correspondents retourks, « nothing but the impossibility of the thing pre- vents a wholesale exodus of the people from the places now occupied by the Mrench.” Such is a brief resume of affaires in uufortu- nate Mexico, at a moment when imperial France is sending ber armie and iron-clad ships-of war to fight against her. Would it not bq wore ia accordance with the apirls gf ius tice and humanity—to Mexioo as well as to France—that these legions and armed ships be at once recalled ? The Finamelal System of the Goveru- ment. The rebellion and the war into which we have been p!unged have co shaped financial mat- ters that Secretary Chase now occupies the same position that the celebrated William Pitt, the Veime Minister of England, did during the French Revolution. The English government had at that time an extensive war upon its hands—a war that tried the resources of the country and called for the adoption of bold financial measures by its agents. Specie payment was suspended in 1797, and in February of tha’ year the paper money system was inaugurated by William Pitt, and continued to be the sole circulating medium until 1819, when the Bank of England resumed specie payments. Consols were nearly at par when the paper money was made the legal currency of the country, but immediately afterwards fell to fifty-eight. The public mind was in an excited condition; owing to the war, rumors of invasion, and consequent commercial changes, and every- thing in an unsettled condition, fluctuations and uncertainties were the rule. The bro- kers, financiers and merchants at once com- menced assailing Mr. Pitt, and charging him with ruining the country commercially, finaneially and every other way. All the evils that the war, the excited condition of the public mind and the revolution in trade and com- merce had brought upon the country were laid at the door of Pitt’s paper money. But, with all the attacks that were made upon him, ke persisted in the system, and with the sanction of Parliament continued it until the close of the long contest at arms. The rosult was that England, after relying solely upon paper money for upwards of twenly years, success- fully emerged from the war, and with the re- turn of peace the Bank of England again re- sumed specie payment. The similarity between the financial con- dition of England during the French Revolution and our own at this time must be apparent to the most casual observer. Many of the evils of the paper currency system of England have, however, been obviated by ours in the careful arrangement of details. They are both war me: , and a necessity to the successful pro- secution of the war. Consequently the criti- cisms and tests that would apply in times of peace have no bearing whatever upon them in time of war. Many brokers and Wall street financiers loaned large sums to the government at the commencement of the war, hoping there- by to get its finances fully under their control. In this they have been disappointed; the con- fidence of the public in the government pre- vented its bonds falling in value, as did the British consols on the issue of paper money; and now they are busy assniling the fnancial system inaugurated by Secretary Chase, in the hope of creating a panic that will bring about this result. Hence the World and other jobbing journals are continually publishing articles in the interest of these panic makers, and assail- ing the currency established by the govern” ment. The ouly result, if quy, of their work is to destroy contidence in and weaken the gov- ernment, and the strengthening of Jeff. Davis and his extensive conspiracy. in all their state- ments and predictions that ruin and disaster will follow the continuation of Mr. Chase's paper currency system the facts in the case are against them. By citing the use of gold. its ex- portation and other changes in trade and traffic, they make, it is true, a plausible story on their side. But the real truth of the matter is, that those evils, if evils they may be called, which they charge upon the currency, are the results of the revolution in trade and commerce, and the interruption of communication with one section of the country by the rebellion and the war, and would have been a hundred and a ghousand fold worse, were it not for the paper currency system of the government, and are not chargeable to it. Let us look at the facts as they are. In 1860 the speciesin circulation through. out the country amounted in round num- bers to about two hundred and fifty millions, and the bank notes to two hundred and nine_ teen millions, making a total circulating me_ dium of nearly four hundred and seventy mil- lions. In 1861 the coumtry was plunged into an extensive war, communication and commer- cial intercourse were cut off with one section of the country, and the depreciation of the securi- ties of the rebellious States, which formed the baaking basis of the Northwestern States, caused a sudden collapse in the banks of the latter section and the withdrawal of their circu- lation. The entire disappearance of the South- ern and Northwestern circulation took from business circles at least one-half of our bank note currency. The subsequent suspension of specie payment by the banks has withdrawn gold from circulation, and instead of being a portion of the circulating medium of the coun- try it isnow an article of commerce. Here, then, is a direct reduction of the currency of the country of over three hundred millions of dollars, or about three-fourths of the entire circulating medium. What is to be done, then, in this condition of affairs? Shall we rely upon one-fourth of our former currency to prosecute the war and conduct the uamal business of the country? It needs no financier to see that it would be utterly impossible. Universal stagnation of business und financial distress would be the order everywhere, and the war would end for the want of means to oarry it on. ‘The reverse at Bull run revealed the fact that more extensive warlike preparations had to be made. To do this the government must have the means, The unfriendly attitude of England and other European governments forced the administration to look exclusively to our own resources. The issue of the people's loan, or the seven and three-tenths Treasury notes, and the demand notes, answered the purpose for a time: but the want of a eirculating medium was felt in business circles. and prevented the government froin disposing of ite bonds as fast as necessary to raise the means for the prosecu- tion of the work before it. A universal com- plaint of no money came up from all sections. To this condition of wfuirs Secretary Chase ma- tured the ploa of issuing legal tender Treasury tax and revenue basis, and Congress outhorived their issue. This system is superior to that adopted by England ander the direction of Pitt, inasmuch as the notes under the latter were not redeemable until the | return of peace; whilst our legal tender notes, although not redeemable to-day in epecic, yet are convertible at par into United States bonds with futerest payable in specie. This mokes the system of Mr. Chasen seif-renovating gue, (or sug moment that tue legal tender agtes WEDNESDAY, JULY 30, 1862. Cee a eee writes letter saying that he is willing to do, become redundant they will be converted into United States bonds with specie peying interest- This prevents their becoming a drug upon the market, All must admit that the exigencies of the times require that the currency of the go- vernment should be adapted to our inter. nal trade, Our commerce and trafic with foreign nations have been entirely changed by the war. The result is fluctuations in gold with every depressing news from our armies; but the internal trado is now prosperous, The large in- creage of the receipts of all our railroads and every line of traffic shows this conclu- sively. To move the supplies for the armies and the breadstufls of the West eastward a large circulating medium is needed. In the absence of three-fourths of the cur- rency in circulation before the war, the gov- ernment can easily issue from three to four hundred millions of legal tender notes in its place. The self-poising system of converting them into bonds will prevent there being any excess at any time above the demands of the country. We therefore approve of the further issue of legal tender notes by Secretary Chase, contident that it will work to the good of the country, and urge upon him not to beed the wails of the panic makers, but to look solely to the financia) necessities of the government and the internal commerce of the country. The most skeptical nmst see that one-fourth of the circulating medium of 1860 is not sufficient at the present time, and that the issue of legal tender notes is a necessity not only to the goy- ernment, but to the internal trade and traffic of the country. But while we approve of the financial system of Mr. Chase we condemn his negro missions and his outside schemes, which he, in the end, will find more than eounter- balance the reputation that he has obtained as the financial agent of the government. Senator Wilson Nailed Like a Rap to the Counter, In a recent speech made at Newton, Massa_ chusetts, Senator Wilson, of that State, had the boldness to deny ia totoa speech he made in the Senate on the 28th of March last, and the substance of which was published ia the Hurarp, by telegraph, as follows:— ‘ Mr. Wilson said he agreed with the Senator from Maine, Tie thought there wore 150.000 more men than were needed, and he though. the War lepartment ought immediately te stop enlistments. We aiso have thou- sands of meu unfit for duty, who ought to be discharged. Ho thought Congress could unmueke genora's as easily as it could make them.—IzxaLp, March 29, 1852. In reference to this report Senator Wilson, in his speech at Newton, says “there is not only no truth, but there is not a shadow of truth, on which to lay the foundation of the assertion;” and he goes on to say:—‘“I have always main- tained that government wanted more men. So much, Mr. Chairman, in explanation of the false position which the New York Tignanp has sought to place me in, and which other papers have echoed.” Now we have taken the pains to hunt up the report of the specch of the Senator, as it appeared in the Globe, the official paper authorized by Congress to publish the debates, on the condition that members may correct their speeches before they appear. Here it is, verbatim et literatim:— Mr. of Maxsachusetis—The Senater from Maine the other wt to reduc: the number of men autho rized by m to five hundred thovarnd, I agree with him in that. Still we have not heen able ts ao it, It was sungesicd also that we ough! to sop reer ailing. 1 agree to tha’. L have over and ever again been to the War Ufice and urged upon the department to stop recruiting in every partofthe country. We havo bad the promise thas it ‘should be done; yet every day, in different parts of the country, we have accounts of men being raised audi Dronght forth to up tho ranks of regiments. ‘The papers toll us that 1m Tennessee and other” paris of the country whors our armies move, we are fliiliug up the ranks ofthe army. I belivv: we have to-day one hundred and fifty thousand more men tnder the pay of the govern meni than we need or can welt use. I have mot a doubt of it; andl think it ought to be checked. I think the War Department cught to issue perrmplory orders forbidding the encisiment of another soldier inio the volunteer force of lie United States untii the time shall como wheu we used them. We can obtain them any time whea we oced them.— Washinglon Globe, March 29, 1362. ‘There was an honest old cusiom of nailing counterfeit quarter dollars to the counters of grocery stores. It is thus Wilson is nailed, like a rap, as he is. Did he correct or explain away his speech in the Globe at the time it was pub- lished? Nota syllable appeared from him on the subject. But now, after the lapse of three or four months, when the disastrous consequences of his wickedness or folly, or of both, are de- veloped in the sight of the nation, and we call! public attention to the fuct, he unscrupulously denies that he ever made any such speech, and declares :—* I have always maintained that the government wanted more men. There is not a shadow of truth on which to lay the foundation of the assertion.” What assertion? Why that he said “we had one hundred and fifty thou- sand more men under the pay of the govern- ment than we needed or could well use.” Can the force of unblushing impudence further go ? Is it not clear that the Natick cobbler ought to have stuck to his last and never left the bench- How long are the halls of Congress to be dis- graced by such demagogues? It is bad enough that the self-constituted organs of “the infer- nals” should be tolerated in their treasonable attempts to break down the government and the Union generals by such misrepresentations as that only a handful of rebels and a few Quaker guns at Centreville scared McClellan, with his magnificent army. So said the 7ribune. But when Senators like Chandler give utterance to the same audacious falsehoods in Congress, and when a Senator like Wilson, Chairman of the Military Committee, on the basis of these con- cocted stories, declares that we have 150,000 men more than we need, while our armies are repulsed on every side from want of suilicient numbers, this is still worse and far more crimi- nal. Congress, the government and the coun. try are deceived, from the fact that Wilson is Chairman of the Military Committee, and ought to know the matters of which he speaks. He said “recruiting ought to be stopped,” and “he had been over and overt again to the War Office, and urged upon the department to stop recruiting in every part of the country.” Who is to blame thet General McClellan had not enough men in the late battles before Rich- mond? Senator Wilson and tho other radical Senators who went to the War Office, urging upon the head of the department “to issue peremptory orders forbidding the enlistment of another soldier.” Since the retreat from Richmond, compelled by Wilson & Co., the people’s: eyes have been opened, and the Massachusetts Senator bay heard the first murmurings of the thunder, ap- proaching nearer aud nearer, and he exclaims “fam not guilty.” The blood of the siain ix upon his hands, and, as Macbeth said to the | ghost of Banquo, “Thou canst not say T did it," ' go does Wilson ory out, as ia imagination he | sees the indignant shades of his victins Mittiag vound him, and listens to the wails of the surviving friends, “Ye cannot say [ did it.” When one Massachusetts Senator devotes the energies of his whole life to persecution of one section of the country, from no higher motive than because he once received a personal in- dignity from » Squtuera man; and wheo avather “\ everything in his power to help McClellan, after going around the newspaper offices to in- duce the editors to denounce him, and when it is also notorious that he aided in the vejection of the most trusted officers of McQO,lellan's army, for the purpose of stabbing that general in.the back over their shoulders, what cam be expected from such vindictive feclin,3s, and what from such malignant spite as blind!y sacrifices the blood of the people and the in- terests of the nation to its own base gratifica- tion t The Bungle in Recruiting. The Governor of this State coincides in the opinions freely expreased by our military lead- ers, by our journals and by our patriotic mer- chants, that the general government should take the recruiting business from the severa States, and manage it upon some comprehensive system, and that the old regiments of the army should be filled to their full complement before any new ones are organized. We hope that the Governors of all the loyal States will be equally sensible, prudent and considerate. There can be nothing gained by distributing the recruit ing among the different State authorities, while political genorals and colonels, avaricious con- tractors and middlemen will swarm upon us, and the bungle in regard to bounties will con. - tinue to operate disadvantagcously to recruit- ing everywhere. What is most needed now is to place immedi- ately in the field a large army of trained soldiers. By the plan now in vogue it will take at least six months to raise, equip and drill such an army. If, however, the gegeral government takes cKarge of the recruiting, of- forsa large but equal bounty in every State equips the soldiers as they enlist and fills up the old regiments with the earliest recruits, we shall have an immense army in the field in a few weeks’ time, and can increase its numbers by sending on a new regiment every day, a5 we did during the excitement which followed the Tepulse at Bull run, It canuot be teo often re- peated or too strongly insisted upon that by continually recruiting the old regiments we keep a veteran army continually ia the field. The first Nape}eon always made a few compe- nies of veterans the nucleus of a regiment of conscripts. The rebels, who have also beea obliged to resort to drafting and conscription, adopt the same plan. The rebel army at Rich- mond was suddenly swelled into immense pro- portions; but it did not become a mere mob. The dratted mon, collected by force from every quarter of the South, were incorporated into regiments already existing, and the result was the creation, as if by magic, of a numerous and well disciplined army, led by experienced offi- cers. Wonld it not be wise for us to take a lesson from the rebels, as they learned from Napoleon, in this matter? Both Napoleon and the rebel leaders knew belter than to organize regiments and bri- gades entirely of new recruits to confront an experienced and disciplined foe. The reason why General McClellan dolayed so long at Washington before moving against Manassas was, principally, that he might transform the rabble which retreated from Bull ram and the reiniorcements which arrived from the North into an army of soldiers. Had the rebels op- posed brigades of new conscripts to our Army -of the Potomac, we should have swept them away like chaff, in spite of their superiority im numbers. The fate of raw brigades may be seen in that of General Casey, which, as @ brigade, could not withstand the enemy for a moment, though detachments of its soldiers fought gloriously. The old brigades of the sae army encountered the same enemy and drove him triumphantly from the field. Is not the lesson plain that we should endeavor to have all our brigades composed of veierans? By re- cruiting the old regiments we do this. The new recruits have the advantage of experienced officers; and this is more than half the battle. They have the prestige of the regiment to en- courage them; and this amounts to so much that, at Waterloo, Wellington could not con- quer Napoleon’s Imperial Guard, though be de- stroyed every one of its members. They are sur- rounded by experienced comrades, who can in- struct them ia camp life and in drill, and stimu- late them by example on the field of battle- In point of fact, every rocruit joining an old regiment becomes a veteran, conducts himself like a veteran in his first battle, lives like a veteran in camp, and shares and increases the blood-bought glories of his veteran corps. But we urge upon the War Department the revision of this recruiting business, net only because the plan of filling up old rogimonts is the best, but also because it is the quickest way of increasing our army. Thirty regiments are started at once in this State; they are filled up at the same time, and are ready for service at the same time; but what good do they do us or what harm do they do the enemy during that long interval which elapses between their ini- tiation and completion? None at all. Now, suppose that, instead of the recruits being thus frittered away by dividing them between thirty regiments here, they should be sent on to Wash- ington in squads as soon as enlisted, and appor- tioned among the regiments already in the field? Why, every man would become of im- mediate service, and the army would be imme- diately reinforced. We hope, therefore, that as the plan of firat filling up the old regiments by the adoption of some general, national sysiem of recruiting is thus demon- strated to be the least expensive, the best and the quickest way of increasing our army, it will be speedily inaugurated by the government, and that, if any discrimination be made in re- gard to bounties, the men who volunteer ex- pressly for old regiments will be especially favored. Tar Temune ayy Ganerat. MoCustnam- - Poor old Greeley sneakingly denies that he has ever “opposed the reinforcement of General McClellan, favored a division of commands and uttered various calumnies against the Grand Army.” We refer poor Greeley to the Tribune files, from which he will readily learn that he “opposed the reinforcement of General McClel- lan” up to the very last moment, when he was scared by the letters of his correspondent, Sam. Wilkoson, into giving McClellan's army a balf- hearted support; not, as he repeatedly stated, becanse McClellan was worthy of support, but because his army waa in danger. THe will loarn, algo, that he did “fayor a division of com- mands,” and rejoiced exceedingly when Mre- j mont was assigned to the Mountein Depart- | ment, puffing bim at McClellan's .. i to his “varions calumnies against the Gran@ Army,” we can refer to any one of the Tribune issues. Uvory cay the Tridnne appears sprinkled over \ abort of tach of malicious, cowardly, eneer'n ¢ paragraphe about the Aring