The New York Herald Newspaper, August 1, 1862, Page 4

4 NEW YORK HERALD, FRIDAY, AUGUST 1, 1862. ie NEW YORK HERALD. JAmys GORDON BUNNETT, EDITOR AND PROPRIETOR. OFFICEN, W. CORNER OF FULTON AND NASSAU STS. ill be at the w Nae Yori TERMS cash in advance. Money wink 0: the sender. Nomebns Bank \ tai THE DAtLY HERALD, to cou copy. $7 ver annwam, Pi, ae wt Cents per Wednewkay, reat britain, tage; tha ‘or $2 75 per anv fs ver cow. os THE FAMILY HERALD, om Weincstay, at four cents ver . oF $2 per anni dls: : WOLUATARY CORRESPON DENCE. emtaining imporsant ‘solicited from any quarter of the world: Y used, he Tirerhlly patd for.” age Our Fouuicx Couiesroxpirs a Panricvca®.y BeQuestxD TO SkaL alt Litres anv Pack- (AGES SENT UR NO NOTICE taken of anonymous correspondence, We donot weturn rejec. -d communicitions. ( ADVERTISEMENTS renewed every day: advertisements in- gerted tm the Weeexty Hemacp, Pawity Hxeatp, and in ‘California ani European E-litions. JOB PRINTING executed with neat heapness and des- ness, NIBLO'S GARDEN, Broadway.—Ronry O'Moors. WALLACK’S THEATRE, No. 4 Broadway.—Faa ‘Duavo.o—laise Monuon. WINTER GARDEN. Broadway.—Inon Caxst—Rovca Diamonp—Cotecn Bawn Surtiep at Last. NEW BOWERY THEATR Bowery.—Wittiam TetL— Roszer Bunxrt—Roven b—House Dog. BOWERY THEATRE. .—Wiex oF Sven Hus- | @anDs—Faton's Duzaw—Gince at New Yous. 'S CREMORNE GARDEN, Fourteenth street and en et, Promenaps CONCERT AND : BARNUM'S AMERICAN MUSEUM, Broadway.—Tire ‘RNED larry Famiy, -, at all hours. | Piaxom—Nir axp Tuck, afternoon and evening . ; OCHRISTY'S OPERA HOUSE, (585 Broa) way.—Etmioriax | Gowas, Dances, &c.—Dovaie Buvoup Room WOOD'S MINSTREL HALL, 514 Broadway.—Eruiortay Bonas, Daxces, £¢.—Aint Gor Timz to Tamar. HITCHCOCK'S THEATRE AND MUSIC HALL, Canal street.—Sonas, Dances, BuRLEsQuRs, 4c. GAITETIES CONCER’ 6 Pe a4 ORES HALL, 616 Broadway. =Drawixa PARISIAN CABINET OF WONDER: roadway.— Open daily from 10 A. M. till 10 P.M. eaten New York, Friday, August 1, 1862. a S THE SITUATION. There appears to have been a revival of animation fin Washington within the past few days, A general impression prevails that some important active movement is at hand. The sudden departure of army officers to join their regiments and the pre- wence of Commodore Porter’s mortar fleet at ‘Hampton Roads are looked upon as omens of ap- Prosching action. No important news from General McClellan's army has reached us later than the order for his troops to hold themselves in readiness, at a mo- ment's notice, for anything that might transpire on the banks of the James river. An absurd rumor, based upon a despatch from Memphis to Chicago, was prevalent in the city westerday, and for a time created a sensation samong the credulous portion of the community, ‘hat the blockade of Mobile had been broken by » leet of ten iron-clad gunboats, built in England flor the rebels, &c. It is hardly necessary to state that the report has received no confirmation whatever. The West still furnishes some lively news of ‘the progress of the conflict in that quarter. We Seara from Greenville, Missouri, that on Tuesday Major Lazear, with 120 men of the Twelfth Mis- oari regiment, attacked Major Fonley and Captain Polson, with 190 rebels, near Bollinger’s Mills, in Bollinger county, killing ten and wound- dng many. A lot of horses, guns, &c,, were cap- fared. The brush was so thick it was impossible to find all the rebeJ wounded. Our forces did not Jose s man. From Vicksburg it is reported that the steamer Star of the West, captured some time ago off Galveston by the rebels, is up the Yazoo river, and armed with twenty-two guns. She is iron-plated to a considerable extent. The W. M. Webb, a Powerful ocean towboat, is also up that river, and thas been plated something in the style of the Bamter. She is constructed asa ram. In addition ‘€0 these the Mobile and thirty other steamers are aid to be up there. The Star of the West and the t twebb came up from New Orleans when that city | ‘was captured, bringing, among other rebel plun- der, 108 guns. At Liverpool, sixty-five mfles up ‘the river, the rebels have an ingeniously contrived waft, which ia @ perfect lock against ascending “boats. They have also a powerful battery on shore ‘at that point. | Abrisk cavalry fight took place on Tuesday, ; ear Brownsville, Tennessee. Captain Dollin’s ' cavalry attacked eighty rebels, and captured Morty of them. The rebels were afterwards rein- forced, and recaptured twenty-nine men and four- tteon horses. The Union loss was four killed and six wounded. The rebel loss was about the same. Our New Orleans correspondence to-day is very interesting, particularly the description of a visit of the officers of the rebel General Ruggles’ staff, ‘under a flag of trace, and their courteous recep- ‘tion by General Butler. MISCELLANEOUS NEWS. The steamship Edinburg, from Liverpoo) July 17, arrived at this port yesterday. Her advices are anticipated by ber own arrival off Cape Race andby the Australasian, which arrive d on Wed- mesday. The Edinburg belongs to the Liverpool, ay New York and Philadelphia Steamship Lime, and comes as an extra vessel, with a full cargo, in anti cipation of the new tariff, which goes into e ect to-day. The Legislature of Kentucky, which is called to meet at Frankfort on the 14th inst., is divided on the question of rebellion as follows: Union. Secession. Senate. . aa - House. . : 76 25 The anniversary of the British West India ema cipation will be celebrated to-day by the nigger worshippers of Boston at Abington. and Phillips will be on hand. The Executive Committee of the coustitutionay Cuion or Bell and Everett party will meet in Aj bany on the 6th of August. Memphis may now be considered a strictly Union city, the male secessionists having been forced to skedaddle by Order No. 1. The last batch of them left on the 2ith of July, having been escort- ed beyond the Union lines and turned loose in Dixie, where the conscription law will soon gob- ble them up. The Hulletin says that most of those who were too “ patriotic’ and conscientious to swear allegiance to the Union were not over nice about paying their debts. On the 15th of July John Morgan, Brigadier Ge- neral 0.8, A., and chief bushwhacker and horse Culef of the rebel army, entered the State of Ken- tucky for the purpose of liberating his “ fellow Kentuckians from the daeyotiam of the tyrannical fenstioim of the cowardly foes who fled fram hia ” Garrison avenging arm." Five days after he, with us many of his brigands as he could keep together, were on the full gallop to get out of the State, with General Green Clay Smith close at his heels. Morzan has a poor opinion of his friends in Kentucky. A match has just been made between the two celebrated oarsmen, James Hammil, of Pittsburg, and Joshua Ward, of Newburg, to contest for the championship at Philadelphia, They will row two races on the Schaylkill river—one for five hun- dred dollars, to take place on Wednesday, the 13th of August, and the other for alike sum on the following day. Mr. Ward has been the acknow- ledged champion hereabouts for a number of years past, and Mr. Hammil has some reputation agan amateur on the waters of the Alleghany. His success at the Boston regatta on the 4th July. made him bold, and prompted him to challenge Ward, There is no tide or current in the Schuyl- kill where the race will be rowed, and as each man will have nearly a separate course, and turn a separate stake boat in order to avoid the danger of collision, the best man will probably win. In that portion of Illinois called Egypt, the peach crop is larger than it has been fora number of years past. Already they begin to find a market. A couple of bushwhackers attempted to assassi- nate ex-Governor Robert M. Stewart, near St. Jo- seph, Missouri, last week, He was on a stumping tour, and was fired on by the rebel bandits, the ball passing through his hat and grazing his head. Seventeen of Morgan's guerillas, among whom was a minister, were put in the military prison at Louisville on the 25th inst. The blood of murder- ed men demands the summary execution of these rebel bandits. A storeboat at Broeks’ Landing, near Enterprise, Ind., which was owned by a secessionist named Hughes, and was known to be a rebel depot through which goods were transferred to Dixie, was burned, with all its contents, by the govern- ment ram Hornet, last week. All recruits who enlist in the old regiments will be discharged when the regiments are mustered out of service. Some regiments have now less than two years to serve. The case of Samuel Norris vs. the Providence Tool Company was given to the jury on Friday last. A verdict was returned for the plaintiff for $13,500. During Gen. Beauregard’s stay at Corinth his army was nearly doubled in numbers by the opera- tion of the conscription law, and yet not one new regiment was added to his force. He placed, by order of Gen. Johnston, all the conscripts beside the veterans in the various regiments, and by this means kept up a perfect discipline. A detachment of the Seventh Missouri cavalry had a fight with thirty rebel guerillas on the Blackwater, near Columbus, Missouri,on the 21st of July. The bushwhackers lo:t five killed and eight wounded (prisoners), together with thirteen horses, ten guns, six pistols and a quantity of ammunition. On our side only two.men were wounded. The guerillas have at last penetrated into New York. Two rebel jayhawkers have been arrested in Onondaga county and taken to Syracuse, on a charge of horse stealing. Six horses were taken from them, and it is expected that more will be found. One of them, whose name is Marks, pro- bably belongs te Mergan’s band. The Corporation and individual subscriptions for the benefit of the newly enlisted soldiers and their families already amount to over five millions of dollars. The main bedy of Morgan’s guerillas and horse thieves succeeded in making their escape into Tennessee. Gen. Greem Clay Smith, whoburried them off, had given up the chase, and was at Leba- non, Kentucky, on the 26th ult. In Orleans county, in this State, they give a cow to the wife of every married man who enlists. The Palmyra company, Captain 8. B. Smith, is full—one hundred and one men—and ready togo inte camp. At the meeting of the Commissioners of Charities and Correction yesterday @ communication from the Warden of Bellevue Hospital informed the Board that on the 24th of July 310 sick and wound- ed soldiers were landed there by the steamer C. Vanderbilt, and that they have since been under the care of the institution. The number of inmates in the institutions now is 6,776—an increase of 131 in a week. The number admitted last week was 2,186, and the number who died or left was 2,055. Aman named Gregory, who was arrested on Wednesday afternoon for using treasonable lan- guage, was convinced by the United States Mar- shal of the propriety of taking the oath of alle- giance, and before the telegram from Washington arrived fixing Fort Lafayette as Mr. Gregory's residence he was made a loyal citizen, and was duly enrolled a member of Colone! Turnbull's Me- tropolitan corps. The receipts of cotton at Lafayette, Indiana, for the week ending the 26th ult. were 2,620 bales. The receipts for the month were 25,000 bales. The stock market was dull yesterday, and in the after- noon prices were lower, mainly on the strength of the conflicting ramors which are afioat. Money was abun. dunt at4a6 percent. Geld rose to 115% a 116. Ex change elosed at 126 a 127. ‘The cotton market was again firmer and higher yester day. The sales embraced 1,900 bales. It opened at aboot 47c. a 48¢. and closed firm at 4c. for middling uplands. Afterwards holders generally demanded 60c° per Ib. The flour market wag lees active, and closed at easier rates, especially for State and Western brands. The chief demand was from the demestic trade. Wheat was heavy and rather casier, though telerabiy active; the advance in freights tended to deprese prices. Corn was im good demand, though cloving with lese firmpers. Good shipping lots Western mixed sold at Sic. a S6e. Pork was in geod @emand and a firmer prices. Sales of mees were made at $11 a $11 1234, and of prime at $0 a $0 50. Sugars were firm but lees active, while the sales embraced about 500 hhds. and 10 boxes. Coffee was firm, while sales were limited. Freighte wore drmer, with engagements of wheat to Liverpool at 14d, and flour at 4s. Wheat to London was reported ot 14d., and flour at 4s. a de. 3a. Tie Heraty, THe Tripene ann THE Evoumn Press.—In yesterday's Tribune it is gravely charged that the Henan must be the organ of Jeff. Davis because it replies to the gross insults lavished upon this country by the English press with sound argument, just resentment and proper American spirit. This is logic characteristic of that silly, miscellaneous jumble of odds, ends and isms which is cover- ed with a white hat lays claims to manhood and calls itself Greeley. This is his weak reply to our logical demonstrations that abolitionism is treason, and that consequently he is a traitor and his Tribune is a treasonable organ the monkey who saw & man shave himsel/ cut its own throat in trying to imitate him, poor Greeley imagines that he can safely call us names because we convict bim of crime, for | getful that be only hurts himself by the at- | tempt. Greeley is a very seedy abolitionist now-a-days, and has not a friend even in Ung- land, where abolitionism was once popular, but where secessionism is now all the rage. If Greeley wishes to become an English lion therefore, let him republish some of those «rti- cles in which he applauded Jeff. Davis and ad- vocated rebellion on the principles of the De oclaration of Independence. Every day or two he seeks to aid the rebels by publishing an article with some such ideas in it, and we think he already deserves complimentary notices from the London 7imes, the Richmond Enquirer and the other rebel journals, as well as a pass to Fort Lafayette (or the Almshouse) from Secretary Stanton The Rebel Army of Virgimia—Necessity of Immediate and Energetic Action at Washington, From various concurrent sources of infor- mation we eet down the armed forces of the rebellion now in Virginia as not less than three hundred thousand men. This vast army lies between the line of the James river and the Rappahannock; and whether the bulk of it will move northward to attack the army of Gen. Pope, or dash down the James river upon the army of Gea. McClellan, is now the fore- most question in the public mind. Gen. Mc” Clellan is not prepared to advance against an opposing army of three hundred thousand men in their strongest position behind the fortifica- tions of Richmond; and Gen. Pope, for the present, ia doing all that can be expected of him, in keeping a vigilant eye upon Jackson, Ewell and other rebel chiefs threatening the reoccupation of Manassas, or another descent down the valley of the Shenandoah and a raid through Maryland for the back door of Wash. ington. We know, too, frem the recent sanguinary battles before Richmond, that the rebels, when they discover an opening for a damaging blow, will not wait to strike until it may suit our convenience. Their programme is for a short war. They cannot survive along one. Hence, under their sweeping conscription act, they have mustered every able bodied white man within their reach, between eighteen and thirty- five, into their army. Hence they have con- centrated the elite and the bulk of this great army in Virginia, fora “short, sharp, despe- rate” and decisive struggle. They may be mistaken; but the interpretation which they give to the late sevem days’ battles is that Rich mond is safe for several months to come, with & comparatively small force left in the occupa- tion of its defences, and that they are free to Move at any time a body of two hundred thousand men to Harrison’s Landing or to the Potomac river. Such is the situation and the indicated policy of the great rebel army of Virginia. Jeff. Davis and his confederates, having resolved to risk their whole game upon “a single hazard of the die,” are wide awake. Their resources are taxed to the uttermost to feed and clothe their great army, and hence they appreciate more than we do the importance of energetic action and the value of time. They must use their present army before it is frittered away; for if frittered away they cannot replace it. It is all they have. If we, therefore, are not prepared within a few days to resume offensive opera- tions, we must be prepared, north or southeast of Richmond, to resist the shock of the enemy; for we apprehend that the present calm is omi- nous of another storm close at hand. N We ought to have to-day an army of three hundred thousand men in Virginia. Why have we not? Ifthe rebels can raise such an army from @ white basis of five millions, why do we of the loyal States fall short with a white popu- lation of nearly twenty-three millions, and while in everything else our means and appliances for war are as twenty to one compared with those of the rebellion? It is because, relying upon our consciousness of strength, we have failed to exercise it, while the rebels, conscious of their weakness, fight with the unanimity and the energy of despair. We can afford to trifle with them no longer. We must be prepared within this month of August for a reckoning which will substantially end this rebellion, er for an exhausting and ruinous war of indefinite duration. We have been fighting thie rebellion for fourteen’ months, by land and water, around # great circle of three thousand miles. Excepting one tough and troublesome link, we have destroyed the whole chain of the rebel defences of the Mississippi river, and excepting two or three we have conquered all their strongholds on the Atlantic seaboard. We have rescued Maryland, like a brand from the fire, and Missouri and Kentucky; we have over. run Arkansas; we hold the State of Tennessee, the greater part of Louisiana, every important point in Florida, and parte of Mississippi, Ala- bama, Georgia, North and South Carolina, and more than one-half the great State of Virginia; so that, with the fall of Richmond, the chosen capital of their confederacy, the game of Davis and his fellow conspirators is at an end. and they know it. They have shaped their plans accordingly. They have left their extremities mostly to the protection of irregular troops and guerillas, and have gathered up their substantial strength in the field’for the defenee of Richmond, and, if deemed expedient, for a dash upon our own capital. We must be prepared to meet the enemy as we find him, and we must be prepared to meet him, not when and where it may suit our convenience, but north or east of Richmond, at a moment’s warning. What, then, would we have the government to do? We would have it gather an army of three hundred thousand men into Virginia at once, and from the old troops in the fleld in other quarters, if this army cannot otherwise be immediately raised. But it can be otherwise raised, and twice over. The government appears to be satisfled ; with the volunteering system ; but the country nd | ¥ is not satisfied with ite apparent results at this crisis. The question still recurs, Why delay a general draft or a call upon the militia, which, in thirty days, would place at the President's disposal five hundred thousand fresh men, and end the war in three months? and, especially. why this delay, when neither McClellan nor Pope is strong enough to advance upon Richmond? Call out the men. With the well trained troops of McClellan and Pope to lead them, our new soldiers will need no preparatory drilling. Under the first Napoleon the raw recruit of Monday was often the equal of a veteran soldier on Tuesday. We dare say that one-half the s in the late batiles near Richmond raw recruits; but, led on by experienced the examples in front and the weight ir numbers supplied all deficiencies of dis- ile to talk of arming the negroes rebel f . When our present want is an army white men three hundred thousand strong in Virginia, and when we can have this army there in thirty days. The country is anxious to bring its strength | to bear at once upon this rebellion in Virginia, and we call upon President Lincoln to meet the wishes of our loyal States and people, and to put anend to the shame and disgrace which will fall upon the government with the ruinous prolongation of this war, when we may end it in a brief campaign Tae Great Liak ov THe Unirep Srates.—See Senator Wilson’s speech in the United States Senate on the 28th of last March, and his apeech at Newtown, Maasachusetis. about ton dave ago. American Financial System, It is @ singular phenomenon attending the various financial doings of the day that, not- withstanding the issue by the government of @ hundred and fifty millions of legal tender notes, and the opposing issue by the several banks throughout the country of above two hundred and fifty millions of bank paper, yet the prices of commodities in general have not perceptibly risen in value; or, in other words, no great or serious inflation of prices bas taken place. It is true that silks, kid gloves, and some expensive articles of foreign importation, have greatly risen in price; but this rise has reference to the action of the new tariff, and is wholly unconnected with our do- mestic trade and with the abundance of the currency. We may take, perhaps, some other opportunity in attempting to explain this phe- nomenon. In the meantime the deduction flows out of it beyond contestation that the finan- cial course of our government is a suc- cess, and that the issue of legal tender notes, independent of the war demands, was a necessity. It is made evident that the country stood in great need of an increased currency, which, from whatever source it pro- ceeded, has all been absorbed in the necessi- ties of our internal and domestic commerce. But notwithstanding this propitious aspect of affairs there are not wanting shriekers, croakers and adversaries who exert themselves to the utmost to defeat, and, if possible, to destroy, the course of financial management which has been inaugurated by the United States Trea- sury. The opponents of our new Treasury system are principally, if not wholly, the Eng- lish financiers in England, and an interested bank party at home, of both which the motives which actuate them are transparent. They see in our system the loss of profitable loans which they had hoped to negotiate at an immense profitto themselves, while here at home they have the additional incentive which the fear of the loss of the monopoly of supplying the country wi ney supplies them. This opp "to the financial course of the government involves the parties to it, both at home and abroad, in the grossest contradictions and inconsistencies. They have been great admirers and imitators of the English system of paper money, and now they set them- selves to decry and oppose the very system which heretofore they have so much applauded, The course pursued by eur government is the same as that which Mr. Pitt followed in a crisis of financial difficulty and distress. He author- ized the Bunk of England to suspend specie payment, and from that moment till 1821, when Mr. Peel brought about a return to specie, Bank of England notes were constituted the whole currency of England, and were, instead of gold, alegaltender. It is well known that an at- tempt was made at that time to raise a panic and to discredit the government credit. Shortly after the adoption of this bold measure by Mr. Pitt, stocke fell from 90 to 50. The Lombard street of London was like the Wall street of New York— it contained speculators and brokers, who had an end to answer in decrying the public credit, The same schemes are being tried now in our Wall street; but they will not succeed. The plan adopted by our government, if very similar to the course of Mr. Pitt, is dissimilar in a most essential point, and that is, it is a vastly supe. rior plan—one which will outlive the war, and require no second Sir Robert Peel to mend and improve it. Our new system is a measure of finance, in which all the advantages of converti- bility into gold are effectually secured at once It is a syetem based upon the national credit, supported by an adequate system of taxation, and seouring to every person throughout the country gold for all the legal tender notes he may ac- cumulate whenever he pleases to turn them into stocks and receive the interest of his investment in specie. Such a basis for the support of our financial system is infinitely superior to any bank credit which formed the basis of the English system. In the mean- time a temporary agitation in Wall street, & great rise in the price of gold, and the rise of foreign exchange, have given increased energy to the opponents of our financial system. One of our contemporaries the other day, in its money article, came out with a@ wonderful discovery, which assuredly required all the genius of a Baron Munchausen to hit upon. It has dis- covered and solemnly announced the fact that in consequence of the price of gold and the high rate of foreign exchange “the use of about $90,000,000 in legal tender notes, for about six weeks, if persisted in, will take from the people's pockets this current year cash to the amount of $91,000,000." We quote the very words of this splendid Munchausen, who modestly calle this monstrous hoax “a clear, plain statement of the practical working of the paper money system of Mr. Chase.” Really, if this age may boast of some great inventors and inventions, there is evidently a great draw- back to its glory in the magnitude of the con- summate impudence and lying of some special spirits and drawers of the long bow. Here we have a wonderful discovery with respect to the issue of ninety millions of good: sound money by the national government. But the question naturally presents itself, “Why was not this or a similar discovery made with re- spect to the issue of many hundreds of millions of doubtful, unsound paper money, issued by the fifteen bundred and odd banks of irrespon- sible or precarious corporations throughout the utry duving the last ten years?” How much money bave their issues in all that time taken out of the pockets of the people’ It becomes a question of the rule of three: “If ninety millions of good, sound paper, i d bya re- sponsible government and people, will take out of people’s pockets ninety-one millions of money in six weeks’ time, how much money have at least four billions of unsound, doubtful money, issued by all the banks within the last ten years, taken out of the people's pockets ! indignation would be thrown away and wast ed upon such mad and preposterous hallucina- tions, which, however, are evidently only put forward to deceive and bewilder, without one word of his own absurdities being believed by the writer. Contempt even is too much for such a base effort made to deceive and alarm the ig norant. How is it that the fierce opponents of a sound currency, when the people, driven mad by the swindling and frauds of bad banks, sought, under General Jackson, some remedy for the evil and some protection against reb- bery—how is it tbat then, at that day, they dis- covered nothing wrong in their own fraudulent system of bad and doubtful paper? And how is it that now, when the government is provid- ing a sound, redeemable and uniform currency, they suddenly become bullionists, and cry down good securities to prop up and keep in action their own bad ones? Consistency ia tritely said to bea jewel. Well, then, if they cry down the good currency of the government, let them come out manfully and consistently, and more loudly ery down in much fiercer tones their own bad currency. All the temporary clouds and interested alarms raised in Wall street will soon pass away and leave not a trace behind. Gold is wanted; but it is not wanted by the people; they are well pleased and satisfied with their own na- tional currency; all they want is to get rid of abad and troublesome currency of local circu- lation, for a secure, uniform one, at par every- where throughout the country. The present demand for gold isthe demand of speculators and foreigners, and will soon pass away. It is, in its present high rate, like the enormous price of some choice tulip roots in Holland, which, at one time, could hardly be bought for money; but after a time tulips fell to a natural price, while the people in the interior went on eating and drinking as usual, and not one in a thou- sand was affected a straw by the extrava- gant rate of tulips. @ m Victoria R: the Bri Towards the United States. History delights in surprises. The tone of the debate in the English House of Parliament upon Mr. Lindsay’s motion to recognize the so- called Southern cenfederacy was very curious and remarkable. Judging from the excited and insulting utterances of the English press, every one expected that Lerd Palmerston would de- clare himself in favor of at least speedy media- tion or intervention in our affairs, and that the discussion would be characterized by the most bitter feeling towards the United States. It is almost needless to say that every one was dis- appointed, and that, while the rebels were en- thusiastically praised by the movers of the mo- tion, no one upon the ministerial benches in- dulged in any direct attacks upon this govern. ment, its laws or its proceedings. When we compare the speech of Lord Palm- erston during this debate with the former speeches, not only of his lordship, but of Earl Russell, Mr. Gladstone and other members of the government, we cannot but wonder at their sudden change of sentiment and at the guarded reticence of expression and careful reservation of opinion as to future probabilities which were scrupulously maintained throughout this discussion, in spite of the excitement caused by the London Times’ bogus telegram, announcing the capitulation of McClellan’s army. We may perhaps account to some extent for this change by remembering the influence which the recent displays of the power and resources of this country have probably exercised upon the minds of the English statesmen. At the time this de- bate occurred, however, the news of the tem- porary repulse of the national forces from before Richmond had reached Europe, and the leading English journals had even magnt- fied this temporary check into an utter rout, a headlong retreat and a disorderly flight before triumphant foe. On the very evening of the debate, also, the London Times published a spurious despatch, which facts previously known were distorted to corroborate, circum- stantially detailing the surrender of part of McClellan’s army and the imminent danger of the remainder. It seemed, therefore, as if the evil gods had conspired to make Mr. Lind- say’s.motion apropos, and to secure its adoption by a large majority; and we ean scarcely think that, such a time, the fear of our hostility would support Lord Palmerston in opposing any debate in regard to our affairs. We must seek some other explanation, then, for thie change in British policy; and from many public and private advices we are constrained to be- lieve that it is attributable to the influence of her Majesty Queen Victoria—our only friend in the British government. It is now generally admitted that by the death of Prince Albert England was deprived of a wise, sagacious and liberal statesman, who never obtruded himself upon, but who always greatly controlled, the more important opera- tions of the government. The influence of such a consort upon the Queem herself cannot be overestimated; and now, that his death ba ade even his lightest word memorable, her jajesty Is doubtless as strictly guided by his advice as if he were still happily present with her. That Prince Albert was the fast and firm friend of this country is undisputed. During the rage excited in England by the Trent affair, he alone remained calm, unprejudiced and con- ciliatory. With almost the last pulsation of his heart he softened and amended, by his in- fluence, the first despatches to Lord Lyons, which the excitable members of the gov- ernment had expressed in terms rather befitting a declaration of war than a preliminary diplo- matic note. On his deathbed, it is said, Prince Albert advised the Queen never to consent to any measures which would destroy the friend- ship existing between this government and that of England. We can imagine how this advice would be received and followed. coming, as it did, with the combined authority a husband and trusted member of the royal family. By what arguments—if by any arguments—of policy, expediency, mutual interests and future coalitions, Prince Albert justified this advice we know not; but certainly, if any arguments were needed, the Queen could not fail to find them upon every hand. No doubt, however, that while cousiderations of state may have steadied the Queen's head during this business, considerations of feeling have controlled the heart of the royal wife and mother, who finds the strongest incentives to an amicable policy in the recollection of her husband's wishes and of the splendid reception--unparalleled in his- tory which the loyal States of this republican country gave to her son, the Prince of Wales. We cannot but believe, therefore, that there is sumething more than surmise or conjecture in these current reports, and that the restraint which the' Emperor Napoleon and the English aristocracy are forced to put upen their media- tion and intervention schemes is attributable to the kind and firm sentiments of friendship enter- tained towards this country by her Majesty Queen Victoria, and heartily reciprocated by the people of the United States. Policy Vigonovs Course or Mr. Lincony.—From a proclamation from the War Department, which we publish to-day, it will be seen that the Pre- sident has directed the Secretary of War to cancel ail furloughs on the 11th of August; and all officers on leave not returning to their regi- ments by that time will be onsidered as dis- missed from the service. This is a vigorous course and absolutely necessary. We are in the crisis of the war, and @’-ry man is needed for the field. Let no sknikers be tolerated. Vast consequences depend upon the campaign of the next three months; and it may be upon the military events of the next few days. All who wear the uniform of the United States ought to be ashamed to be seen lounging about the streets of Northern citics, unless they are disabled for service, when their country calis them to the active service of the field, where the Union is to be fought for and lost or won. This proclamation gives token of the vigorous prosecution of the war, and it ought to be met in a corresponding spirit by all who are en- listed in the good cause, and by all able bodied men who have not yet entered upon the eon- flict. A short and a vigorous war ought te be the motto of the government and the people. Tus Arrowtuent or ADMIRALS—INIUSTIO“ OF tHe Navy Deparruent.—The new organization of grades in the navy has afforded an oppor- tunity to the head of the department to do grievous act of injustice to the most deserving officers, and a flagrant wrong to the whole coum- try. Inthis war the navy is the exception to the rule of failure. The navy has done every thing; the army little or nothing. The officers in the navy who have shed so much glory upom it are Farragut, Dupont, Foote: Porter, Worden and Davis. But in making the appointments of rear admirals, in pur- suance of the recent act of Congress, a man who has done nothing at all, and whose want of efficiency has been the chief cause of the operations of McClellan on the peninsula failing to accomplish their object, has been placed at the head of the navy. Goldsborough has been appointed senior rear admiral—a man whose supineness and neglect in not destroy- ing the Merrimac baffled all the plans an@ calculations of McClellan in making the James river his original base of operations. Farraget, who is senior officer on the old navy list, ang on that ground would be entitled to be placed at the head of the new liste is superseded and placed under Goldsborough, the least meritorious officer of all. Seniority, therefore, is not the rule. Merit is not the rule; for Farragut has done more and Goldsborough* has done less than any other man. What, then, is the rule? Is it the arbitrary will of a Cabi- net minister, ina time of war, when the most vital interests of the nation are at stake? The country demands and expects an answer. Under all the circumstances, there never was a more unjustifiable course pursued, and the people are extremely dissatisfied with it. If officers who have won such laurels for themselves and glory for the country as Farragut, Dupont, Davis and Porter are to be slighted, and a les efficient officer placed over them, whose con- duct has been as unfortunate to the nation in one department as Fremont has been in an- other, what can we expect from our naval eer- vice but failure hereafter? The appointment of Goldsborough is outrageous, and the popular sentiment demands the abrogation of the act. Tue Fare oy Sexaton Wisox.—We have just succeeded in politically killing of Mr. Senator Wilson, of Massachusetts, and Chairman of the Committee om Military Affaire in the Senate. We have got him in asmug coffin, with “The Liar of the Senate” inscribed ona brase plate. It is our intention to give him a splendid funeral in a few days, due no- tice of which will be given to the public. Berwase 4? tHe Crerom Hovme.—Yesterday wes De busiest day of a Dusy season at the Custom Mouse, The new tariff takes effect to-day om all goods on shipbearé anden al] goods arriving after thie date. Westeréag was, therefore, the last on which the eld rates ef éetg” could be paid either on geods recently arrived aad mot then bonded, er on goods bonded under the laws enacted previous to August 5,1662. The arrival of the Austra- lasian with a valuable cargo, increased the Dasinemp, al- ready very heavy. ‘To afford every just convenienee to Importers, the Collector censented to receive duties om all entries passed up to three o'clock. The custom ef Tate has been to receive no duties after that time of day, whetber the persom desiring to pay them was prevented by the crowd from doing so before that hour er ast. AS three o'clock the cashier's office was completely packed with importers desirous of paying dutica before the close of the day Tax OSLY Uxiov FLAG Founp iy ALARAMA.—There is af preeent on exhibition at Ball, Black & Co.’s, of this city, the only Union flag found floating in Northern Alabama. on the march of the Union forces through that portion of the State. The flag was found nailed to # staff which was placed upon the house top of the Hon. George W. Lane, ia Huntsville, Alabama. It was discovered by the Third division of the Army of Obio, under Major Gemeral Mitchel, on their entry into that city, Mr. Lane ie es present United States District Judge, and 6 the only Alabamian whe accepted of am office under President Lincoln. Niwo’s Ganow—Fanewes Berner or Ma. Joan Cons.—Mr, John Collins, the popular irish vooalist takes bis farewell benefit at Niblo’s Garden this evening. ‘Tho three act Irish drama ‘Rory O’More’’ will be played, and Mr. Collins will introduce several songs. On Satur- day evening Mr. Collins closes his successful engagement at Niblo’s, and in a few weeks leaves for Europe, his first absence for sixteen years, His benefit should bee Newark, N. J., July 81, 1868. ‘The city of Newark has to-day commenced iasuing lean certificates, in sums ranging from ten to ninety cents. Pe al Intelligence. Genoral OM. Mitchel, of the United States Army, ar- rived at the Rverett House yesterday, Duc de Penthievre and Dr. Fauvel, from Newport, R. 1; Captain Cook, of the steamship Australasian: Colonel Daa- y, of Kingston, ©. W., aod Ben, Kittridge, of Ct re stopping at the Brevoort House. . B. Brown and Dr. C. C, Keeney, ot the United States Army; J, B. Blythe, of St. Louis; B. Haynes, of California, and W. H. Passmore, of Memphis, Tenn. , were among the arrivals at the Metropolitan Hotel yesterday. Hon. Zadock Pratt, of Prattsville, N. Y.; A. C. Barstow family, of ton: H. Farnum ‘and family, of Chicago, and L. Waterbury, Conp., are stopping at the St. tel. Lee, of Peekskill; 1. A. Darley, of Newpers, x . Taylor and wite, of Washington: John P. Ken- nedy, of York; Isaac Davis and family, of Worcea- ter; 8. Kern, A. P. Frank, Francisco W. Amengoe, Yzna- lio Ariowa and Jose ¥ Fernandez, of Havana, are stopping at the Clarendon Hote}. N.C. Fox and wife, of Washington; J. W. Riddle an@ wile, of Philadelphia; R. B. Gray, of San Francisco; M. Washburn, F. P. Lovell und wile, of Boston: H. H. Bige- Jow, of San Francisco; G. lark and wife, of Oswego: J. T. Amex, of Chicope 8. Morton, of Vermont, and 3. S. Bartlett and wile, of Newark, were among the arrivale at the Astor House youterday and family, of Providence; Jobn Pettivoue ai Was! Mrs. Marianne Vinton Soddard, the daughter of the of ne jate Hon, Samne! S. Vinton, of Waehingtom, a tad considerable (iterary and linguistic attainments, is a i iam, eonsidered in their Donovo Cortes, Marquis of Valdegamas, no doubt Chat the talented translatress has done full justice to and ered the text in language that translation toa place among the beatities ature, Moormick'’s Royal Victoria Hotel, Cork, je Jojuvili#, Due do Chartres, ‘Comte de Paris, Mr. Morham, Dr. Leclerc, York; M. Far. jong, Milwaukee. Wis.; Mr. and Mrs. Drysdall, Keyram Skerry, Halifax, N.8,; Wm. Davis, John ‘W, Summers, New Orleans, ©. M. Bailey, B. Stevens, H. Jackson, New York, ¥. B. Carpenter, R wine, New . jar w York; Johe Philadelphia; 4d Mra. T. J. Stewart, fan , do O'Connell, Miss O'Comnell, FE. Dorgan, R. Kenefick, Mrs. ‘and Miss Boyle, York ; Joseph Richardson, Richmond; ‘Thomas Sullivan and family, Miss Sullivan, New Orleane: Mise Tyndall, Baltimore; Mr. and Mrs. M'Camiey, Ohi. ago; Mr. and Mra. Crawford and son, Philadelphia: Mr and Mrs. Smyth and wervaat, Washiagton; Miss Power, Mins Shelly, New York i Departures, RIVALS. Maranzas—Bark Stampede—B C Alfonson, Mra M A Btu Arrival ‘t Dowrnao Orry--Brig WR Kibby—Win @ WY, ve o nt, H Loewe ger A ring, Bm Smith. om Pears, NeoDT KAR ate e SM Seale