The New York Herald Newspaper, August 2, 1862, Page 4

4 NEW YORK HERALD. Janes GORDON B NNET?, OFFICE N. W. CORNER OF FULTON AND NASSAU STS, SS AMUSEMENTS TH NIBLO'S GARDEN, Broaiway.—Roar O’Moors. EVE. WALLACK'S THEATRE, No, 84 Broadway.—Pus Disvoro—iuise Mono WINTER GARDEN, Broadway.—Ricuriimy+Rovga LAMOND. NEW BOWERY THEATRE, Bowery.—Paut Jones— Bony O'Now:—Rosuar Mavaice—Srectim BulbeGuoom, BOWERY THEATRE, Bowery.—La Tou pa Nusne— MOOLMASTER—W 1ZARD SKIFY. | NIXON'S CREMORNE GARDEN, Fourteenth street and oe © —Orems, Balter, PROMENADE CONCERT axD QUESTRIAD Lax. BARNUM'S AMERICAN MUSEUM, Broadway.—Tis Leo avep Seat Harry Famity, all hours. Two ‘Nir axp Tuck, afternoon Veuing. fi CHRISTY'S OPERA HOUSE, 585 Broadway.—Ermioriay Boxas, Daxous, &c.—Dovstx Bevoxp oom WOOD'S MINSTREL HALL, 514 Broadway.—Eraiorian G8, Danoxs, &¢.—Aurt Gor Tivz To TaRaY. HITCHCOCK'S THEATRE AND MUSIC HAL, Canal wtreet.. Ua, Daxcus, BURLESWUES, £0. GATETIES CONCERT HALL, 616 Broadway, <Daawing Boow Ewrentainuxnts, PARISIAN CABINET OF WONDERS, 563 Broadway.— pen daily from 10 A. M. ull lv P. aL aturday, August 2, 1862. New York, § —— eceerers THE SITUATION. Tho attempted to capture another schooner, lying off Harrison’s Landing, on Wed- wesday night, but were driven back. The “ New rebels Merrimac’’ was constantly looked for coming down Recovered soldiers are continually go- ing up the river to rejoin their regiments. The rebel batteries on the south side of the James river opened fire at midnight on Thursday the river. upon the mail boat landing at the headquarters of Colonel I Is, at Westover, killing four of our men and wounding five. Colonel Ingalls returned the fire with thirty-two-pounders, and soon silenc- ed the enemy’s guns. A few of our vessels were struck by stray shots, but were not injured. Our correspondence frém Harrison’s Landing gives some interesting details of the condition o! the army and the movements of the fleet. That portion of Commodore Porter's fleet which has arrived at Hampton Roads is comprised of the Racer, the Matthew Vassar, George Manchan, F. A. Ward, Adolph Huzel, Daniel Smith and Wm. Bacon. The other five are hourly expected to ur rive. * The army of General Pope had advanced beyond Warrenton at last accounts. General Hatch’s cavalry is reported to be actively scouring the whole country from the enemy’s lines to Little ‘Washington, but is not meeting with any large forces. He, however, is making it too hot for spies and guerillas, many of whom are frequently cap- tared and consigned to the charge of the Provost Marshal. General Pope insists upon carrying out his or- der with regard to the oath of allegiance. Every one who does not take it must go outside bis lines. The rebel citizens are correspondingly perplexed. A most entertaining account of ten months’ resi- dence in the South, and the difficulties of eseaping It is the history of a printer, who was permitted to come North under a passport from the British Consul at Among other inci- states therefrom, appears in another column. Charleston, where he resided. dents related is the fact which he positivel, was aeserted in the Richmond Examiner office his presence, that ‘General Lee had 220,000 men @ the late battles, and 40,000 in Richmond as a re- Eveu the rebels accorded to McClellan the On the 2d of July, the Examiner annourced that he @orve. greatest praise for his masterly retreat. ‘was surrounded, driven into a swamp, and his stores, ammunition, artillery and wagons cap- tured. Jackszow, it was said, was in his rear, Huger on his left, Hill and Long- street on his front, and Mogruder on his right, and the next day it was confidently expected he would ted through the streets inacage. Next y r, the tune had changed, and the Evominer began its display head to the news with thia line—* he bird has flown.’ were outgeneralled, and McClellan all right. This statement tallies very badly with the in- ainuations of our radical journals, that the rebels bad but a small force in Richmond when General McClellan retired across the peninsula. By that place and from Charleston. The garrison at the latter city has been greatly reduced by the re- moval of troops to Richmond. General G. W. Smith is in command there. Much dissatisfaction was felt because General Lee did not annihilate General McClellan in the late battles, and the in- telligence that the rebels had lost forty the ad men in these actions did not lessen the feeling of loom and disco. ant, in our correspondence from North Carolina we sive an account of some brisk fighting and a deci- give victory for our tops on the Trent road, near Newbern, which resulted in the occupation of Trengon by the Union forces, MISCELLANEOUS NEWS. The British schooner Mary Hurris, trom Nassau, W. P., entered at this port this week, brings as wart cargo 74 bales cotton and 100 barrels spirits turpentine, and the British schooner Blanche, from some port, 209 bales cotton. It w the peculiar cargoes continually arrivi ear, from here from that port, that the regular liners between that port and Charleston «till continue to make their trips regularly The term of Senator Chandler, of Michigan, ex- pires with the present Congress, on the 4th of March next. His chances for re-election are said fo be sinall. Four hundred and eighteen rebel church bells, whic!) had been sent to New Orleans in response to the enii of Gen. Beauregard, and captured in that ity, were sold in Boston on the 30th ult. They wig! Band an 's, and brought about twenty-four thou- go papers are publishing the names of « ntees of the [Minois regiments. vark (New Jersey) Corporation shin Piast) were put in circulation yesterday. The f the denomination of ten, fifteen, ente. Fifty thousand dollars ed. There was @ great rush Camp Morton, Indiana; Camp Chase, Ohio; Madi- and doubts are entertained of there arrived at New Orleans, from the i for mos descriptions. the home trade. Wheat was Heavy and rather easier, especially for commen qualities, while prime to choice lots were scarce and sustained, Corn opened stiff, but closed dull, with @ fair amount of sales. firmer, but closed dull and easier, with sales of meas at $11 25, and which afterwards fell back to $11; primo was wt $9 25a $950. Beef was firm. bard was active aud sti. Sugars were steady, with sales of 1,700 hhds. The in The rebels y arrival of thé transport McClellan from Port Royal at this port yesterday, we are enabled to give our readers a goodly amount of news from 1 together upwards of one hundred thou- ” the rebels at Murfreesboro was Thomas T. Crit- tenden, of Ludiuna, and not Thomas L, Crittenden, of Kentucky, son of Hon. Jobn J. Crittenden. We have now in the various military prisons and depots, at Camp Douglas, Chieago; Alton, Il.; Yisconsin; St, Louis; Johnson's Island, near y, Ohio; and on the Atlintic coast, about twenty thousand rebel prisoners of war. Joho Van Buren is seriously ill at Lake George, is recove: During four days—from the 22st to the Louisiana, 2,894 hogsheads of sugar and 352 bales of cotton. The number of vessels entered at this port from foreign ports during the month of July was 539, and the number cleared for foreign ports during the same period 508. The same month last year gave 461 entries and 415 clearances. The stock market was better yesterday, and prices were all higher, with the exception of governments, which are still languid. Money was abundant@t 4a5 percent. Gold declined to 115, aud exchange to 125 a 126%. The import entries of dry goods for the weck were large. The cotton market was firmer and higher yesterday with gales of 2,500 bales, closing stiff om the basis of 493gc. @ 50. for middling uplands. The flour market was less active, and closed with a drooping tendency ‘Tne principal demand was from Pork opened priges of the Messrs. Stuart for their refiued sugars are given im another column, The stock of raw sugar amounted tw $7,329 hhds., against 66,737 at the same time last year; 6,300 boxes, against 22,812 last years 29 805 bags, aguinat 191,449 lust"year, and 145 hhds. m lado, against 7,781 last your, Coffee was quiet and steaty Lreights were less buoyant and active; wheat was taken to Liverpool at 13344, @ 14, and flour at 3s. 9d. a 43, To London wheat wus at 14d. and flour at 48. a 4s. 3d. A Vigorous War—The Means, Powers and Kesponsibilities of President Lin- com, We congratulate our readers on the assur- ances which we have received from Washing- ton, that “unwonted cheerfulness and anima- tion” are now visible there; that, “without know- ing definitely what is to be done, all the friends of the Union in that quarter “exhibit an un- usual confidence that a fresh impetus has been ziven to our military operations;” that “the arrival of the mortar fleet at Hampton Roads, snd the sudden clearing out from the capital of most%f the officers who receutly thronged the hotels and places of public resort,” have creat- ed the impression that important work has been cut out for our two noble armies in Virginia, and that iis execution will be commenced with- qut delay. All other accounts from Washington substan_ tiate this cheering report. Best of all, every witness—soldier or civilian—who has recently conversed with President Lincoln gives the ame good testimony in his behalf. He is tho- roughly aroused and inspired with the spirit of our loyal States and people; he fully compre- hends their expectations and his responsibili- ties, and is resolved henceforward to use the forces and the resources at his command, with- out stint and with sleepiess vigilance and ener- zy, in order to bring this boastful and menacing rebellion to @ speedy conclusion. His late stringent order regarding absentees from the army will be equal, it is supposed, to the ad_ lition of from forty to fifty thousand men to our troops in the fiekl within the next fifteen days» while the reeruiting measures which he bas idopted, and others which he is considering, in conjunction with the local authorities of our loyal States, will soon fill up his late call for three hundred thousand men. We are glad to learn that if federal, State, municipal and indi- vidual bounties to volunteers fail to meet this requisition ina very short period, a draft will be mede upon the militia; for our loyal people, en masse, instead of fearing this alternative, hope that it will be adopted, considering the urpassing va ue of time at this crisis. President Lincoln has the confidence of the couniry. No man doubts his honesty or his patriotism. Down to the recent seven days’ bloody battles near Richmond he may, perbapa, have shared with the whole people of the North the belief that this war in a ‘week or two would be substantially ended; but those memorable seven days have convinced him, a3 they have convinced the North and all our loyal States, that we had vastly underrated the numbers of the rebel army and exaggerated our own. But if, in anticipation of a crowning victory at Richmond, the ener- gies and vigilance of the administration in re- gard to our army were slackened, the severe disappointment wh'ch followed bas brought its compensating reaction. It has taught us—gov- erpmeat and people-—that while our warlike means, resources and facilities are absolutely overwhelming, they go for nothing unless we bring them to bear in superior strength against the active forces of this rebellion. Here, then—government and people—we take a new departure, and enter upoa a new cam- paign equal to the full measure of the great work before us. The whole strength of the re- bellion is now staked upon its great army in Virginia. We have only to demolish that army in order to end this war. Granted that it is an army of three hundred thousand wen; we gee no reason why it should be permitted to hold Vir- ginia beyond the ist of October. President Lincoln has the power and the means to put to Hight and dieperse this defiant rebel army with- in the next sixty days. Congress has invested bim with absolute authority over the men, money, means and facilities of the nation of every kind, for a brief and overwhelming cam. paign. At this moment no monarch in Christen- dom, not even the Emperor of Russia, possesses a more ample range of authority than our modest and unpretending Presideut. This au- thority has been bestowed upon him to save the life and restore the health and integrity of the nation. With the free and full consent of our twenty-three millions of loyal people, Con- gress has given to President Lincoln these powers, means and responsibilities of a tempo- rary dictator; and our loyal people look to him with confidence for the most beneficent results to the country and to mankind in the speedy restoration of the Union. The new campaign opens with Ty promixe of suecess. The government appears at length to be fully impressed with the pervading spirit of our loyal Stotes; and our worthy President, fully realizing the dangers and demands of the crisis, and the means and in bis grasp, is proceedin iness in the | most satisfactory way. The great issno in his handa is the life or death of the nation and its popular institutions; and the reward that in. es him on in his path of duty is @ place in he offections of mankind gegond Only to that of | vantages with- | vien who wes captured by | Wasbingto NEW YORK HER The Flasncial System of -the Govern- mont. The enemies of the government—the money croakers and the opponents of the finaneial system established by the administration to carry the country through the war—are still industrious!y at work endeavoring to bring discredit upon the issne of legal tender notes, or paper money, and thereby weaken the hands of the government, and thus embarrass its ope- rotions in this its urying hour. They are con; stantly assailing the system at every point, and charging upon it all the existing evils. With their eyes upon the Sub-Treasury and bullion, they are continually asserting that the paper money of Secretary Chase is ruining the coan- try. If our army is defeated Chase's paper money is the canse; if a merchant fails, Chase’s legal tender notes ruined him; if Wa'l street is thrown into excitement, and the bulls and bears are frantically running up the price of gold, Secretary Chase’s paper money is respon- sib!e; and so on, through a long eatalogue of evils imaginary and otherwise. It matters not what may happen, it is all laid at the door of the government currency. But with all their denunciations, long and Inbored articles, mis- construction of facts and efforts to destroy pub- lic confidence fn the financial system of the government, the fact still exists that its adop- tion was a necessity and its continuation indis- pensable at this time. Wo still maintain that it is the best system that could have been adopted, and the ‘only one that is adapted to the present cris's. In the labored eforts of the panic makers to prove that the same fate awaits: it that followed the issue of the paper moncy in the American Revolution, of France in the French Revolution, and that there is no resem- blance between the present system and that of England under the auspices of William Pitt, they are in every instance Inme and wide of the mark, as any person who will take the tron- ble to inform himself will see. The paper money-issued during the Ameri- can Revolution had no basis for its support, no provision for redemption. We had at that tine no commerce, national tax or revenue. With a sparsely settled country, and about three mil- lions of inhabitants struggling for their inde- pendence against almost the entire world, this paper money was put forth, and formed the circulating medium of the nation in its struggle for existence. With its use we were successful in obtaining our independence. But, there being no basis for its issue, nor provisions for its re- demption, it was never redeemed, and millions ean be to-day found among families who have inherited it from their Revolutionary aucestors. In no particular was this like our present issue, as we shall soon show. The financial system of England under Wil- liam Pitt—which the panic makers and those who are at work trying to break down the credit ofthe government have been trying to prove does not in the least resemble Mr. Chase's system—grew out of the necessities of the contest of England with the continental Powers and the first Napoleon, during what is termed the French Revolution. The important epoch in the financial operations of Pitt was n 1797, In the early part of that year, owing to the events connected with the war in which England was engaged, and to the advances made to the government by the Bank of England, which prevented the directors trom having full control over the issues of the Bunk, the public mind at the time in an excited condition about the war, the pro- vincial bankers failing in every direction, all England was thrown into a panic, and the bullion of the Bank was fast being reduced, with a pros- pect of a gencral run upon that institution. In this emergency a council of the government was called on Sunday, February 26, and an order issued prohibiting the directors from paying their notes in cash until the sense of Parliament could be taken upon the subject Parliament immediately considered the matter, and, after discussing it at much length, ap- proved of the prohibitive order of the govern- ment council, and ordered that the restriction should continue until six months after 4 definite treaty of peace had been signed. The Bank was under this prohibition of the government until the passage of Sir Robert Peel’s act in 1819, declaring that cash payments should be resumed in 1825. The directors, however, commenced specie payment in 1821. During the period that the government prohibited the Bank from redeeming its bills it or- dered that the notes of the Bank should be received at par for all government dues, and also in payment of all taxes. Although not declared to be Jegal tender in every particular, they were rendered so in fact by being re- ceived and paid out as cash in all transactions of the government. The value of these notes, as measured by the price of gold, fluctuated during this government prohibition from par to twenty per cent discount. But these flue- tuations were the result of cheering or depressing news in regard to the war and the failure or success of the crops of the country. The greatest discount was when the success of the British arms looked the most doubtful. These facts are conclusive that the government of England is responsible for making paper money the sole currency of the country. By its means they were success- ful in their long struggle, aud came out of the contest the leading nation of the world, Our present financial system is unlike that of the American Revolution for the reason that our currency now has @ national revenue and pro- visions for its redemption. It recognizes the same principle as that of England under Pitt, but fs better arranged in detail and superior in every particular to even that under which England was so successful. Our government found itself engaged in an extensive rebellion, all communication with one section cut off, our foreign commerce entirely changed, and forced by events to rely upon our resources, and compelled to adapt ourselves, as was England, to our internal trade and commerce. The banks suspended specie payments, and gold, instead of being a circulating medium, is an ar- ticle of commerce; the local banks in the differ- ent States failing, and the trade of one section with the other being erlppled by the currency of one State being almost valnele the government crippled for the all combined, rendered it imperatively neces sary that some financial system should be | adopted that would bring relief to the countey, | adapt itself to our internal trade, and aid the | governinent in the prosecution of the war. tn this condition of affairs Secretary Chase ma- | tured a plan for the issue of Treasury notes, to bé declared a legal tender, tly convertible at par atany tine fato Vuite Slates bonds, with interest payable ia epecia | tho bouts secured by the pledge of the publi¢ | in another; ‘ant of means, @ notes to be | revenue and a direct tax—the best possible se- curity that could be had. Congress approved of the plan, and the Treasury notes are now the currency of the country, placing it on a far better basis thaa was the currency of England during her long war. We contend that the financial system of Mr Chase and that of My. Pitt are established on the same principle, reedgnizing as the first ob- ject the necessities of the internal traffic of the country and the wants of the government, as well as in making paper money the circulating medium of the government. Our system differs from that of England in the mode of earrying it into operation, because it is necessary to adapt it to the condition and exigencies of the country. The Bank of England ia the financial medium of that government, through which all their finan” eial operations are managed; but we have no national bank or any other possessing the finan- cial strength to become the agent of the govern- ment. The result is, the same prineiple that was successful in England had to be put iu operation in some other form, and that which has been adopted is far superior to that of Eng- land; and every person must admit that the cur rency to which is pledged the entire resources of the country is far preferable to the issues of private banking instititione, which suspend specie payments at option. Its effect wpon the traffic of the country has been beneficial, and through its agency we shall be enabled to come out of our present trials immensely developed in our internal resources; and as England,over half a century ago, emerged from her trials the leading Power on earth, 60 will’ the United States after the suppression of this stupendous rebellion, become the strongest nation of the world. Our Disasters in Virginia—Wilsen and Company Responsible. The sentiments expressed by Senator Wilson in his speech in the Senate on the 28th of last March, in reference to stopping enlistments and reducing the army, were also the views of Wade- Sumner and Chandler. It is likewise clearly shown by the speech of Mr. Wilson that all our disasters in Virginia were brought about through the intercession and influence of this band of radicals at the War Départment, with Wilson at their head. Says Wilson, “I have over and over again been to the War Office and urged upon the department to stop recruiting in every part of the country.” In the same speech he also stated, “I believe that we have to-day one hundred and fifty thousand more men than we need or can well uze."% With such representa- tions as these at the War Department they suc- ceeded in stopping enlistments; and now, when we want men, it is bard to get them. With this proof of his guilt staring him in the face, he goes before the people of his own State and de- nies ever saying any such thing. The truth of the matter is, this is but a small portion of the crimes that Wilson, Wade, Sumner and Company committed against their country during the last session. There is a long black list standing against them, which even Wilson, with all his impudence and lies, cannot remove. They acted as a secret com- mittee, and, like the Jacobins- in the - French Revolution, undertook to control the entire action of the War Department and the admin- istration. It was through their importuning that Fremont was appointed to a department in Virginia; and then, in order to give him a chance to do something, they secured the trans- fer of the main body of Genera! Banks’ division over to McDowell, just as Banks was about to give to Stonewall Jackson the finishing blow, resulting in a raid of Jackson down the valley, driving the reduced forces of General Banks before him. Fremont was ordered to cross the mountains and intercept Jackson in his retreat; but he disobeyed orders and took the wrong road, thus giving Jackson an opportinity to escape. Not satisfied with the disasters that they had cansed in the valley, they commenced their attacks on the army on the peninsula, and did all within their power to harass the com- manding general and divert him from the real work that he was there to accomplish. The work of this ¢abal was the more ganger- ous begatise ii was secret and under the pre- tence of friendship. At every point their hate of General McClellan was made mahifest,andevery representation made and every scheme devised that could be to destroy him and build up some officer who would become their tool and be controlled by them. Like the Jacobins, with Robespierre at their head, they endeavored to build up their own faction at the peril of the Union cause; and we all now see the result. From the brilliant victories in the early part of the season we have now to turn and wituess the darkest hour of the Union cause since the re- bellion commenced, Our forces rodaced bz disease and battle, and no men ready to fill up the ranke, because, forsooth, Wilson and his as- sociates stopped enlistments. The rebels, on the other hand, have been all the time swelling their ranks and increasing their army, and are leaving no stone unturned to improve the op- portunity now offered. Unless reinforcements are immediately forwarded, and the thinned ranks of our army filled up, events will show that we have seen but the beginning of the dis- asters that will result from this interference and importuning at the War Department by Senator Wilson and his radical associates. They have, through their pernicious influence, done serious injury to the Union cause, and it now depends upon the gnergy of the adminis- tration and the response of the people whether this injury will be futal or temporary. Every- thing now depends upon the reinforcements to our armies, and that, 00, atonce. There is not a day or an hour to be lost. The President is determined not to be deceived any more. Our army is to be swelled to its proper size. Men are to be thrown forward with vigor. The rebellion is to be crushed. The country ex- pects every Union man to do his duty. Shall we be the greatest power of the world, or shall we cease to exist as a nation? Men of the North! now is the hour to decide that ques- tion. West Post Srepexts axp Tus Anwy.—The highest clase of West Point students are now three years in the academy, and it would be a very jndiciouw siep to give them commissions in the army where there at to give them appointments in the new regi- ments whieh are being raised under the Presi- They would be infinitely better than any political generals or captains who are likely to be uid they would perfect dent's call ppointed ion more by practical operations in Their by | than by theory at West Point could be supplied two or thre y s30r8 in filing up Ueto sue avimy tore, would by the vanaucios it the > HOW vacancies, or | ALD, SATURDAY, AUGUST 2, 1862. Tux Trmone'’s Esrimare ov rie Revet Agur mw Vinciwia.—The Tribune of yesterday sets down the entire rebel army in Virginia at the highest estimate as only one hundred and fifty thousand, and thinks that one humred and twenty thousand is nearer the truth. ‘This was the sort of stuff that was uttered by the Tribune about the strength of the rebel army at Centre- ville, and which has since led to so many dis- asters. If this statement of the Tribune be true, then the insurgent force must have been greatly smaller when Fremont was ia the valley of the Shenandoah; for the rebels have been since largely.reinforced. Why, then, with such paucity of numbers:as they then had, did not Frenront cut up the little handful thag came to his share, instead of permitting them to defeat him and go and swell the army that {: Hed the Path- | assailed General McClellan. finder disposed of Jackson’s little band, or had McDowell kept him at bay, McCletlan would have taken good care of the rest, and a very different result would have beem the conse- quence. If the statement of the Bribune be true, what is the necessity for any more enlist- ments, unless we-are to confess that one South- ern man is equal to two Northern mer, and that with more than twice the populatiom of white men we need also the niggers to whip the rebels, o Tue Curcaco Parers ANDTHE Monte News.— The Chicago papers are competing with the London Times as to which shall tell the great- est lies. The distance of London from the seat of war gives the Chicago papers rather the ad- vantage. To say nothing of the stories about Halleck’s army—which would have killed Hal leck if he had beena nervous man—the Chicago papers have abounded in tremendous misceila- neous Roorbacks. To outrival the London Times’ capture of McClellan’s army, these en- terprising journats frightened Wall street, State street and the Philadelphia Exchange out of their propriety on Thursday by preseating the rebels at Mobile with ten gunboats, covered with six-inch iron, Only the other day, also, in defiance of the census returas, which give the rebels only 700,000 fighting men, the Chi cago papers declared that the rebet conscription had already put 1,490,000 soldiers in the field against us. If this raising immense armies and building iron-clad navies for the rebels is not giving aid and comfort to Jeff. Davis, it is hard to tell what Postagn Sramrs For Cincutstion—Some foolish rumors have been going around tha‘ postage stamps, in consequence of the expect ed issue of the new kind from the Treasury De- partment, are not as good as they were. That isa mistake. The stamps, if not injured or de- faced, if not pasted upon any other substance, and if ina condition to be affixed to letters, are worth what their face declares; for they will be redeemed and exchanged for the new postage stamps to be issued by the Treasury asthe circulating medium for change, in de- nominations of five cents, ten cents, twenty five cents and fifty cents. The object in limiting the issue to these denominations is to preserve the character of our decimal system. The pre- sent postage stamps are just as good for all ordinary purposes as silver or cent coinage. There will be no three or one cent stamps, for their place will be supplied by the nickel cent, which is in great abundance. Horry Orr tue Recrvirs.—Gen. Fitz John Porter, in a letter to Gov. Andrew, of Massa- a , urges that recruits for the old regi- ménts be sent on in squads of ten at a time, if no more can be procured; and the recruiting officers of the Harris Light Cavalry in this city send on every recruit just as soon aa he enlists, without waiting for any more to join him. This is the way to fill up our army, and it ought to be generally adopted. In the army a recruit is learning his business, and adds one to our available forces, Here he does nothing but idle about the streets and spend his bounty money. Do not wait until regiments or compa- nies are raised, thercfore, but hurry off the re- cruits, One vote las elected a Governor of a Btate, Ong sol save a baigle and give usa brilliant victory. Onward! ~~ * Promorina rroM THe Ranks.—Half of Na po- leon’s wonderful success was due to his sys- tem of promoting from the ranks to fill up the places of commissioned officers who had fallen in battle. Skill and bravery were thus rewarded, and a powerful incentive was given to the best qualities of the soldier, Instead of appointing mere politicians over troops to lead them to destruction, let intelligent sergeants or corporals, or privates who have seen ser. vice and stood fire, and know by experience something of actual war, be placed in command: and soon we shai! see & ¥eteran army that will whip everything that comes in its path. al wel 88 RT Mi Tue Orver ov THe Paestpenr Tovcumwe Fer- Lovens.—The order of the President compel ling soldiers absent from the army by furlough, or those who had been sick and are now con- valescent, to return to their regiments, will have the most extraordinary effect in swelling the ranks of the army. It will beat the re cruiting sergeants completely. It will ad in a few days, fifly thousand men to the several corps of the army of the Union. This vigorous administration of the officers of the War De- partment will inspire new confidence in the success of the struggle to restore the Union | aud put down faction North and South. Corroy anv Gord. An order has been issued by «ome of our generals in the South against paying gold for cotton. This ig “alt, unless the premium will be allowed on the prsf¢ of gold. The bills of the United States are good enough currency, and we have no doubt they will bring forth very soon an abun- dance of the precious fibre. The high prices paid will fetch the cotton from its hiding places where the planters have stowed it away. The planters see the humbug of this cotton burning as well as anybody else, and will act aceord- ingly whenever they have an opportunity. Daarrive.—-It is said that if our State quota is not filled up by the 18th August drafting will be rosorted to by Gov. Morgan, If this be true we shall certainly fill up our quota before that tine; for when drafting begins the bounty ceases. Dratia for the bounty money, therefore, will preclude all necessity of draft- ing for the army. Asouxe wn Necrors.—The abolitionists are makeng a great fuss about arming the negroes, We shall have to arm the negroes fast enough, by and by, if they continue to come North as They need no proclamations them to they do. n the President to incite clamations coulda’t stom them, ome. Villy pro Se Reset Prisoxens Becouma Lorat.—We pal lished yesterday by telegraph the most gratify- . ing intelligence from Philade}phia that four hun dred of the Southern prisoners confined in Fort Delaware voluntarily took the oath of allegt- ance, This is a most remarkable fact, con- sidering that the news from all other quarters about the unrelenting bitterness of the rebels is very decided. It shows these men must have been pressed into a service that was distasteful to them, and. that they are heartily sick of so bad a cause. There are thousands in the rebes army of the same mind, who are longing for @ similiar opportunity of being delivered from the thraldom in which they are held ; and let | us roll up our sleeves and go to work to de liver thein. War Nor Bios Ur tue Yazoo Rrvent—Ac- cording to the truthful accounts of the exceed- ingly reliable Western papers, the rebels hare gunboats and rams enough in the Yazoo river to destroy ali our fleets. Why, then, do not our naval authorities put their heads together and hive these vessels in by blocking up the mouth of the river? NEWS FROM WASHINGTON. Wasmarow, August 1, 1862. IMPORTANT DECISION IN REGARD TO EXCI3#3, ‘The Secretary of the Treasury has decided that his order in regard to excises, intended by the bill to take effect on Auguat 1, does not take effect until September 2. Wherever August 1 is read im the bill, September & should bo read. THE APPROPRIATIONS: MADE BY CONGRESS; ‘Tho official list of appropriations made by the recent Congress is not yet completed. Enough, howevor, te known to verify the assertion made in this correspon- dence last summer, that ths appropriations required would touch very nearly one thousay.: millions, Then the announcement was startling; vow the, uple are prepared to hear and bear it. TUE ISSUE OF SMALL TREASURY NOTES, ‘The Treasury Department will issue [tho ones and twoe of the small notes as gvon as tney can bo prepared, which will probably be two wecks from this date, The issue of threes is under cousidvration, bus } will not be immediately needed. APPOINTMENTS UNDER THE TAX BIL. David Whitter has been appointed Assossor, and George W. Brown Collector for Colorado, and Jesse C. Little As sessor, and Robert T. Parton Collector fur Utah Territory, under the Internal Tax bill, DRIVING THE SHCKSSIONISTS FARTHER SOUTHs Goneral Pope's Order No. 6 is being slowly enforced. He will entitle the disunion men of that section to take thelr arms and amunition and go over to the enomy. The Orange and Alexandria Ratlroad is im running order to Warrenton; but it is alloyed that beyond thore the road ig infested with guori!las, who must be reduced to sub- mission before the road oan bo made available. SUPPLIES NESDED BY GRNERAL POPE'S ARMY. Shoes aud clothing are much neoded in the Army of Virginia; bat the recent orders of General Popo forbid apything being carried thither except es commis © sary or quartermaster’s stores, The order for foraging on the enemy includes only forage and subsistence, of which the troops can find abundance without the aid of a commissary; but already there are complaints that guards have been set around the property of prominent rebels, and that it has been by spovial order excepted from the operation of General Order No, 5. ‘THE RELEASE OF GENERAL BOWIB, OF MARYLAND, Gevoral Thos. F. Bowie, who was brought here a few days ago as a State prisoner, has been rejcased, It ap- pears that no order for his arrest has yet been issued General Bowie holds that while Maryland remains in the Union he owes allegiance to both tho State and federal governments, and claims that as yet he has done nothing to contravene either; but holds himself amenable to both. He asgerts that the time has not yet arrived for him te decide whether he will follow State or federal alle- glance, and ciaims that the federal authorities have made a mistake in arresting him prematurely. THR EXTRA SESSION OF THE KRNTUCKY LEGISLA- TURE—-ARMING THE MILITIA OF THE STATE. ‘The call of Governor Magoilin, of Kentucky, for an extra feasion of the Legislature is understood hero to be the result of the pressure of the Union men. Foars are ia somo quarters entortained that he will endeavor to obtain permission to organize the State militia; but, ag he is understood to be at heart a rebel, tho authority will not be granted. A deputation of border State men are here, who insist that the loyal citizens of Kentucky, Ohio and Indiena shall be thoroughly armed for the protection of Kentucky from the rails of rebel guerilla par- ties, The Military Board of Kentucky, towards which Governor Magoffin in his proclamation manifests much jealousy, is empowered to control the militia of the State. It is not likoly that the Logisiature will disturb their au; thority; but it ts anticipated that Governor Magoffin wily be deposed and the Secretary of the State Senate b8 made acting Governor to carry out the wishes and objonts oy —_ ek toyal Kentuckians. MOVEMENTS OF CAPTAIN PORTER , OF THB MORTAR FLEET. Captain Porter, of the mortar flotilla, has lof Washington for a brief visit North to recruit his health, previous to res ming his command. APPOINTMENT OF A COMMISSIONER OF PURLOUGHED SOLDIERS. Simeon Draper, Esq., of New York, has been appointed 4 special commizsiouer by the War Department to supers intend the exeention of the order of the Slstof July respecting absent officers and privates. Communications on the subject of said order may be addressed to tim, ed the War Department, Washington, APPOINTMENT OF ASSOCIATE JUDGE ADVOCATE, The Hon. L. OC. Turner, of New York, has been ap- pointed an Asgcialy Judge Advocate for the army around Washfngton, Me is charged with the investigation and dotermivation of ali casos of State privousrs and of milt- tary arrests to tho District of Columbia and the adjicent counties of Virginta, and of all other cases where.n the action of a judge atvovate may be required. CONSULAR RECOGNITIONS. Theodore Schwartz has been recognized by the Prest- dent as Consul of Saxony, for Kentucky, at Louisville, THE ACTIVE LIST OF REAR ADMIKALS. The name of Goldsborouga was erronsously printed im some of the newspapers as the head of the active list of Rear Admirals, They rank us follows:-—Furrugut, Goids- borough, Dupont and Foote. INDIAN TREATIBG, Commissioner of Indian Ailairs Dole is absont from Washington, initiating a treaty with the Indians of Norta- ern Minnesota, located on the Red river of the Nerthr and up to the Britis provinces Auction Sale of New Orleans Sugar, and Molasses at Phil Iphia, Prrcapecpata, Auguat 1, 1862. There were sold by auction this forenoon 600 hogrheade of New Orleane sugar, the cargo of the schooner EK. P. Stewart, at Oo. a 10%6., cash, There was a large attendance, and tho bidding was spirited A lot of molageos gold at 370. a Weck of the Steamer M. Sanford. ‘Bs Bosto, August 1, 1862, The steamer M. Sanford, from Bangorfor Boston, struc on the Salvages, off Cape Ann, at three o'clock this mora. ing. The passengers wore landed at Rockport, Assist» ance has beon sent to her, ‘The M. Sanford bas bilged, and is full of water. She will probably be a total Joes, Winret GAarpen.—Mrs, Sedley Brown (a daughter of the well known comedian W.H. Smith, of the Bostom thoatres,) made her debut in this house last night ap Margory in the comedy of “The Rough Diamond,” sup- ported by Mr. Fiske as cousin Joe, Mrs, Brown possesses many qualities which pertain to a good comedienne among the rest am excellont voice for light ballads, o Hiveliness of action and « graceful person, A little more acquaintance with the stage will, of course, correct the fault prominent Inst nigh t--that of a little too much action, an exaggeration quite natural to an artist not en She was very warmly re- eroun in their ap- Tt would be une Urely “up” in stago effect. ceived, the audience being most plavee, and Hberal with their bouquets, just to Mr. Fiske not to say that he ren imirably im bis representation of the , lish country tncluded Coliman’s draws 1 he performa: