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

4 NEW YORK HERALD. | JAULS GORDON HANSETT, EDO AND PihurR clus RNR OF FULTON AND NASSAU STS, wail wild be at the tin New York 4 every day: advertisements tne Famtcy Heratp, and ia the ith neatness, heapness and dew psn. OS Volume XXVIZ...... NIBLO'S GARDEN, Bros Baowns—JeANNerrk AND JKA. Y—Wurres AND TUE LYING TRAPEZE. WALLACK’S THEATRE, No. Sit Broadway.—To Panis axv Back—Euey O'Von: WINTER GARDEN, Broadway.—¥ancuon, on mm Cnickur, NEW BOWERY THEATRE, Bowerv.—Tus Lapy or Lyo.s—Biack Even Susax—Inisn Broom Maxx. BOWERY THEATRE, Bowery.—Macantuy, on THE = 0’ Day—Dxenken Convoral—How ro Avow Drart- a. NIXON'S CREMORNE GARDEN, Fourteenth street and ixth avenve.—OreRs, BALLET, /ROMENADK CONCERT AND |QUESERIANISM, BARNUM'S AMBRICAN MUSEUM, Broadway.—Tux Laeoaxep Sean Havre Fasty, at all hours. Dug MLeGuaNians—NiP ax ternoon and evening, CHRISTY'S OPERA HOUSE, 585 Broutway.—Ermtortay Sonos, Dances, &c.—Dovure Rxppxv oom. WOOD'S MINSTREL HALL, 514 roadway.—Etarorrax Bonus, Dancus, &o.—ALxs Got Tux To TaRRY. GAIETIES CONSE, OM ENTERTAINMENTS. PARISIAN ee ew York, Friduy, August 8, 1862. a or we uit10 P. THE SiTUCATION. Everything is quiet tn the army of General PoClellan. It was rumored that the rebels were Qoving in force from Richmond towards Malvern Hill, with the intention of retaking that position if Possible. . We publish in another colamn a full and highly {nteresting account, from one of our special atuy Sorrespondents with Gen. McClellan's army, of the recapture of Malvern Hill by our troops on the Sth inst., the facts of which we announced yesterday, a3 resulting in a defeat of a division of rebel troops, with a large num- ber of killed and wounded, and one hundred Prisoners. The Union troops engaged in this affuir were attached to General Hook 1's divi- ion, and the attack was opened by that gal- lant officer in person. The issue reflects much @redit on all those engaged, and shows that the army of General McClellan has regained its usual gor, aud is ready for another forward movement towards Richmond. The casualties on our side ‘wore insignificant compared with the advantages gained. Our nows from the South to-day posseases its usual interest. Among other items is a letter fom a neice of Jefferson Davis, showing the con- @tion of the rebel chief's mind, and revealing {pany of the plans of the Southern leaders, part of which have already been fufilled. General Gibbon’s party frem Pope's army re- turned yosterday from their reconnoitering expe- ition, and report that they destroyed Frederick Hali Station and cut up the railroad twele miles from Gordonsville. « The citizens and soldiers at Point Plensan had quite a riot lately, in which both sides, it is ftedd, suffered considerably. It apnears that the itizens resisted the new enrolment order and re- d to be drafted. A body of troops were or- ered to coerce them, and a fight ensued in which deveral were killed. Tt ig stated in our correspondence from Paris at the Russian government has proposed to Prenoe end England a mediation in the sffairs of Pie country; and it is rumored that the govern- ents of these laiter nations have asseuted to the position. Russig being considered a Power see: to this country, it was thought that an $Mr of intervention would be more acceptable than if it came from either England or France. MISCELLANEOUS NEWS. The mails of the Arabia, which reached this city Yesterday evening, brought our files and corres- Pondence to the 26th of July, containing interest- details of the telegraphic summary of the publiehea in the Humarp last Wednesday As then siated, a discussion took place Mo., the Bi lish Howes of Contmona om the doy pre- ous, on the ation of leiewes of Canada, Gevoral opines eeow te ‘a the vont o! eu att uno colony + United tes -B Coating ney wu , vis re- ¢ Caned ens must Gardedasig'y wpri Gotenud theussives f 7 any Value upon consection with England. Full reports of fe eoches of Mr. Disraeli and Lord Palmers- fom are given in our columns to-day. There are three classes of militia subject to , and they will be taken in their numerical jer as follows: — First Class—The organized, uniformed, armed and equipped militia. Gecond Class—The reserve militia between the Qges of eighteen and thirty. Third Class—The reserve militia between the of thirty and forty-five. The first class be first drafted, and in oase its numbers are sufficient—and it ip certain they will not be— additional draft will be made from the second to supply the deficiency, leaving the third till the last. United States Senator Doolittle, of Wisconsin, @nnounces that he is not a candidate for the Sa- Ee Bench in the new district of Michigatn, Illi- and Wisconsin. Kon. John S. Carlile is receiving invitations from almost every Union meeting in Western Virginia 30 resign his seat in the United States Senate. George C. Hersey, convicted of a capital offence W poisoning the Tirrell girls, in Weymouth, Mass., i be executed to-day, within the walls of the jodharm jail. The Union gunboats on the James river are re- recruits from some of the Massachusetts ents along the banks. 'y secesh visitors at Cape May, N.J., are get- jonsand bold. They have ordered end Stripes to be removed from the roof one of the hotels, and ‘ie band have been pre- tod from py of our national airs. ‘The wh the editors and pr of the burg 2 ‘were arrested Was faoulng & handbill annguncing that negroes | responded, ; Uniforms, &c. *Pennsylvania. would be enlisted on the same terms with white men. ‘The Rood Istand colored regiment, which has been ordered by Govervor Sprague, will sot be equipped, received or paid by the government en new regiments and two batieries of artillery im tudiana, on the Ist inat., had an og- gregate of nine thousand men en it was thought they would ali be full this week. On the 2oth of May the government made a sud- den call on the guitormed militia tor three mouths service, and teu regiments of this State promptly Their time will expire on the folluw- ing days:— 7th regiment 22d regiment. . Goth regiment...Ang. 30 47ih regiment...Aug. 30 sth regiment...Aug. 32 llth re 25th reg:ment. ot. 3 Sth regiment, 12th regiment...Sept. 6 The Memphis Budetin is advocating peace. Let it advise the rebels to lay down their arms, and not only peace, but prosperity, will follow. The coin belonging to the Brauch Bank of St. Louis, at Booneville, and to Triggs’ banking house, at the same place, amounting to three hundred thousand dollars, safely reached St. Louis on the 3d instant under military escort. . The rolled silver and brass factory of Samuel Benson & Son, at Bloomfield, New Jersey, was destroyed by fire on the 5th inst. Loss $20,000. The usual aunual regatta for yachts will take place at Coburg, Canada, to-day and to-morrow. The Board of Education had no meeting last evening, for want of a quorum. The Montreal Gazedte estimates the cost of equipping the thirty thousand militia and the thirty thousand reserve volunteer force which it is pro- posed to raise in Cunada as follows:— $540,000 720,000 70,000 65,000 79,000 100,000 . $1,565,000 ‘al Se: 13 yesterday, William Mason, indiet ir bupgiary in the second degree, was convic of that offence in the third degree, and sentenced to the"State Prison for five years. William Thompson, alias John Tilman, pleaded guilty to an indictment charging him with having committed a grand larceny on the 28th of July last; sentence deferred. Catherine Waters pleaded not guilty to the charge of grand larceny, The jury acquitted her without leaving their seats, Mary E. Ivins, a young colored woman, pleaded not guilty to the indictment charging her with having kidnapped a young colored child named Sarah S. E. Lee, on the 2d of September last year. Acquitted. ‘There are now 6,793 inmates in our public insti- tutions—an increase of seventeen for the last week. The number admitted during the week was 2,i9!: and the number discharged, transferred or who died was 2,174. Besides these there are 483 sick and wounded soldiers in the institutions. The regular monthly meeting of the Chamber of Commerce was hel ® o'clock yesterday af- ternoon, Peletiah Perit, Msq., President, in the chair. The minutes of the last regular meeting, and also a special meeting, having been read and approved, the following were elected members, after which the Chamber adjourned:—Hon. C, Beech, Robert H. Berdeli, Henry William Smith, Richard D. Lathrop, Duley P. Ely, Jasper T. Van Vieek and Horatio Dorr. The cotton market was some less active yesterday. Prices, however, were firm at 47}jc. a 48c. for mit- dling uplands. The sales ermbragi 300 a 400 bales. The market was pretty well clewrod cf necessity lots, and exhibited few weak spots and less disposition to meet the views of buyers on the part of holders. Good ship- ping grades of State and Western brands of flour were firmer, while other kinds were unchanged. Wieat was rather better for good to prime qualities, while common grades were unehanged. Corn was some firmer, with sales of good to prime Western mixed, for shipment, at 56c.a58c. Pork was firmer and more active, with sales of mess at $11 124% a$11 25, and of prime at $9 75° Sugars fell off about 3c. per lb. The sales embraced about 2,749 bhds.,of which 1,800cousisted of New Or Jeans, and sold by auction chiefly within the range of 7c. for infertor and at 9c. @ 10¢. for good to prime do., and 30 do. clarified at 113g. Coflee was steady , with aales- of 1,000 bags of Rio at 213¢¢. Freight engagements were moderate, while rates were easier for Liverpool and rather slack to other ports. In the Court of Tue Scppression or TREASON AT THE NorTH.— We published yesterday a telegraphic des- patch to the effect that General Wadsworth, Military Governor of the District of Colum ia had been sent to Harrisburg, by order of the War Department. to arrest the editors and pub_ lishers of the Patriot and Union of thet city, on a charge of printing treasonable placards, cal- culated to embarrass recruiting in the State of It is added that General Wads- worth effected the arrests, and took the prison- era with hin to Washington. This is right and proper. But the old adage, that what is sauce for the goose is sauce for the gander, never ap. plied more forcibly than it does here. We re- produce ig another column a speech of Wendell Phillips against the war ond against en- listments, whose tendency and injurious con- sequences must far exceed all the evil that could possibly be caused by all the posters that could be printed at the Harrisburg newspaper office in the course of a whole year. Is fish to be made of one and flesi#Of anether? ae small fry newspaper men to be arrested and imprisoned for{interfering with enlistmenis, and traitors of such large dimensions as Phil- lips to be allowed to go at large, and stalk over the jand, uttering foul trenton at every meeting, to be published in every news- paper? This arch traitor demands a dissolution of the Union, and that another life shall not be lost to prolong the war; and he makes an in- flammatory appeal to the passions of the public to supersede “the present turtle at the head of the government”’—in other words, the President of the United States. What more could Jeff. Davis propose than this? He says “the presest war is conducted without a reasonable object, and is a total loss of blood and treasure.” What more could be said to retard the progress of enlistments than this? y ever troagon was ut- tered, here it is. Yet Wendell Phillips is let loose propagating such incendiary sentiments. In the same way Greeley, of the New York Tri- bune, is permitted, day after day, to publish articles against the government and the gene- rals in the field of the most seditious character, their palpable object being to put a stop to enlist- ments and to break down the war for the Union. The obseure editors and publishers of a Larris- burg paper are caged, while Creeley and all the editors and publishers of the Tribune, bail- ing from the Kmpire City, the great commercial metropolis of the country, can indulge with timn- punity in treason of a blacker dye. is there uot a screw loose somewhere at Washington, and are not “the times out of joint,” when such glaring inconsistency pro- vails at the War Department? Bnlisting has received a heavy blow and a great discourage ment through the articles and speeches of Horace Greeley and Wendeil Phillips. Let General Wadsworth pay a visit to both these gentlemen, and the result will be that the im- partial vigor of the govermment will give an immense impetus to volunteering and afford the best guarantee of a successful prosecution of tye war tor the Ugo “ * eT ee | confidential letter from the family eircle- of | | AE ea ER a Ra as Pe RES RE AOS AE Sl as tae SE OR A SS A ae LSE a ene NEW YORK HERALD, FRIDAX,; Je. Davis in Despair—interesting aud Important Diclosures. ‘The fortunes and accidents of war have placed us in possession o! the very interesting dei Davis which we publish to-day. It is from a niece of the-rebel President, and the wile of an officer of the army of Stonewall Jackson, in May last. It is the earnest, sincere and comprehensive letter of an intelligent, pious and clear headed but unhappy woman; and the view which it gives us bebind the scenes at Richmond is worth all ‘he reports of all the refugees from that quarter since the rebel evacuation of Manassas. This letter was written on the 7th and 9th of May last. Passing over its information con- cerning Dr. Gwin, late Senator from California, and his family, the first statement of the writer on military affairs which attracts our attention is that General Jackson and his army “expect a battle shortly with the Yankees under General Banks.” This shows that Mrs. Keary ws well posted with regard to Jack- son’s movements; for it was a fortnight later than the date of the letter in question that Jackson dashed down upon General Banks at Strasburg, by way of the Front Royal valley, and pushed him and his army and bag- gage train, sixty-five miles in two days, out of Virginia,"and across the Potomac river into Maryland. We are next told that “there is a probability of General Jackson’s army falling back on Richmond; and, in view of this, no lady is allowed to go up to Gordonsville, for fear of incommoding the army.” Here we see that Jackson's return to Richmond, after driving Ge- neral Banks out of the Shenandoah valley, was arranged at the rebel capital long ago, as an important part of General Lee’s programme for the diversion of a large portion of our forces to protect Washington, and the ‘concentration of his own to destroy, if possible, the army of General McClellan in front of Richmond. We are next informed that General Jackson's forces “have been obliged (officers and men) to sleep on the ground, with very scant cover- ing and no tents, since last February, when the army retreated from Manas- sas.’ Here the secret of those numer- ous rebel cantonments of log cabins at Manas- sas is explained. The rebels did not build them becanse they knew General McClellan would remaio in camp all winter; but they were built to supply their deficiencies in tents. Next, says this well informed lady, “If Jobn- ston falls as far back as Richmond, all our troops from Gordonsville and Swift Run Gap will also fail back to tis place, and make one desperate stand against McCletlap.” Thus it is apparent that the plans of the rebels in regard to McClellan were all mstured before he ap- proached the gloomy swamps of the Chicka- hominy. In the next place, after deploring the loss of New Orleans as a heavy blow, we bave a very important and suggestive confession of the misery of Jeff. Davis. His devoted niece, as from the very depths of despair, cries out—“Oh! mother, uncle Jeff. is miserable. He tries to be cheerfu'. and to bear up against such a cotinuation ui troubles; but, oh! I fear he cannot live long if he does not get some rest and quict. Gur reverses distress him so much, and he is so weak and feeble, it makes my heart ache to look et him.” How different this from the face which “Uncle Jeff.” has presented all along to-the world, and especially to Eng- land and'Fianee, in bis official proclamations, messages «id reports of his victories in the field. But the most remarkable and important statement of this interesting letter is this: that “three gunboats are now in the James river on their way to this city,” and that “I am afraid that Richmond ‘will fall into the hands of tho enemy, as there is no way to keep back the gunboats. James river is so high that all the structions that our people have tried to place the river have been washed away, so there is no help for the city.” This was on the 9th of May last. Thea there was that tide in the James river “which, taken at the flood: leads on to fortune.” On tle 11th that iron- clad rebel bugbear of Norfolk, the Merrimac, having been blown up by her commander to escape capture, the James river was opened; and On the 16th those three gunboats referred to—the Monitor, Galena and Nangatuck—were repulsed from Fort Darling. At that point there were obstructions fn tha channel which had not been washed away. Two or three regiments of laad troops were needed to carry the fort, and then those obstructions would have been removed, and the coast would haye been clear to Richmond. Two or three regi- ments at Fort Darling on the 16th of May would have saved us, no doubt, all the losses of the many subsequent bloody battles on the Chicka. hominy. Why were those regiments not taken up with the guiboats? We cannot answer. Perhaps Admiral Goldsborough can. We can only regret that the golden opportunity was lost for taking Richmond by our naval forces, as New Orieans was taken by Com. Farragut. We believe, however, that the presence of General McClellan's army within reach of the co- operating broadsides of our gunboats will soon enable us to clear the way to Richmond by land aud water. Finally, it appears that, with his prospects in this world blasted and destroyed, our rebel Pre- sident of our rebellious Confederate States bas thought it wise to prepare fur the world to come. “Uncle Jeff. was confirmed last Tues day in St. Paul’s (Episcopal) church, by Bishop Johns;” but his confirmation, we apprehend, will not avail him should he be cut of while etill engaged in the unholy work of this rebel- lion. Let it suffice for the present, however, that in this letter from @ witness who knows bis situation, his plans, his movements and his opinions, we have very satisfactory evidence that he considers his Southern confederacy a deplorable failure, Let us, thep, actively co- operating with the government, push on the war; for thus tLe end is close at Land. oa Sexton Witsox.—We publish th's morning a letter the Hon, Henry Wilson, of Massachusetts, in reply to the strictures passed by as on his speeches in the Senate and elso- from where on the enlistment qvestion. We thongbt that we had isilled and tightly screwed down in his coflin the irrepressible Senator, a were busy making preparations to give hin a did faner But we tiad, by the communica tion to which we refer, that ithe Senator stil lives. Unwilling to do anything that might look like an injustice, we have concluded to delay the funeral until, by a further scare over the proceedings of the Senate, we can satisfy ourselves as to the fact of his political death. In the meanwhile intending mourners Till ploage tue yoljce of ig posipouemeys, 3 Oe AUGUST, 8, 1862. The Great Washington ‘/ otimg. The great meeti: 4 nesday last, was a ex In yesterday's 1 j of the -pesche | with bie ey v full re e meetings aud, nt made by Uvesident by no means out of the ats Lincela, they wer: common way, ad tiie No especial com ment. Most of the speakers touched upon the of the inevitable sed in rerarvd to fag. On dark an? observe sulilec negro, ard the of this individual were the whole, however one e#peaker aasw erod the other, aud © a balanced Boutwell: and as the audieuce was quite large, very eu” thusiastic and very profuse of applause, the meeting was satisfactory, and may be called a success. President Lincoln, it appears, did not intend to speak, and only came forward in response to the impatient demands of the audience, and after a brief consultation with the Cabinet officers’ who sat near him. His remarks were very brief and exceedingly amiable. He never mentioned the negro, and referred only indi- rectly to the war. Leaving these popular topics to the other speakers, the President “could think of but one thing, just now, not likely to be better said by some one else, und that was a matter in which we have beard soe other persons blamed for what he had done himself.” This matter was ‘he troub!e said to exist between General McClellan and Secretary Stanton, and the President proceeded to explain that neither McClellan nor Stanton was to blame, and that he had no fault :o fiad with either of them. This is very geierous aud very characteristic of our kind hearted President. He throws his mantle of charity over his pre- sent Secretary of War just as he did over Secre- tary Cameron. If there has been any dirty linen in the Cabinet, it was washed, dried and nicely ironed at the White House, and when it came to be exhibited to the gaze of the multi- tude in East Capitol square it seemed as pure and white as any laundress could make it. No one who sees this beautifully clean linen, how- ever, can fail to believe that it has been recent- ly washed, and that it was once very dirty. The President says that “General McClellan has sometimes asked for things that the Secre- tary of War did not give him; and that General McClellan is not to blame for asking for what he wanted and needed, and the Secretary of War is not to blame for not giving when he had none to give.” This looks very spotless; but it would appear differently if the President had added that McClelian “asked for, wanted and needed’ more men; that the Secretary of War “had none to give” because he had foolishly stopped recruit- ing, and that he was led to do this by the in- trigues of the Jacobin Club of Congress. This is really the dirty linen of the past which the appointment of General Halleck to the office of Commander-in-Chief has washed clean for the present. President Lincoln, therefore, though be means tq say very little, reveals enough to show us where the difficulty has hitherto been, and why he has entrusted to General Halleck he chief practical control cf ony armies in the field, leaving Secretary Stanton to raise re- cruits, contrive contracts, and manage the rou- tine business of the War Department. We can afford to imitate the charity of the President” and speak mildly and compassionately of Mr. Stanton, now that we are snce that an able and experienced general is managing our war mat- ters, aud that no able and expe vienced lawyer will be permitted to interfere with or annoy him. Indeed, as the President insinuates, Mr. Stanton may not be so much te blame after all. Undoubtedly he meant well, and tried to do everything for the best; but, :nfortunately, he was weak enough to listen to the voice of his Jacobin tempters, and the result was that bis achievements by no means equalled his good inteations. It is to the Jacobins of Con- gress, then, that we sre indebted for the disasters for which so very many persons have blamed Mr. Staaton. This the Heratp has repeatedly asserted before, and President Lincoln’s endorsement of our opinion settles the matter beyond a doubt. The Jaco- bin Club’ under the leadership of Senator Wade, bas neutralized the best efforts of this govern- ment from the very first. It hurried Genera, Scott into the defeat »t Bull run in spite of the remonstrances of the noble veteran. When McClellap took Scott’s place, this Jacobin Club hurried him off, aiso, before he was prepared to move, and the result was another defeat. In vain General McClellan endeavored to resist the influences of the Jacobins. If General Scott, with all his yeors, services, experience, fame and authority, was powerless against the Jacobian intrigues, what coul! young McClellan dv? He went to the peniusula, as Scott’s army advanced to Manassas, with his pians disar- ranged, with bis army not fully prepared, with too few men for the work before him, and with Mclowell held back to be his Grouchy or his Patierson. The other results of Jacobin intrigues ara well known to the publie. We see them in thie increased duration and expense of the war. We see them in the draft soon to be imposed upon men who volunteered and were refused a few months ago. Every man now suffers in his own person, property or pocket from these in- trigues, just a8 our generals and soldiers have already suffered. The public may forgive and forget Mr. Stanton; but they will neither for- give nor forget the Jacobin Congressmen. The security for public confidence now is that the President understands the real state of the case, and will not permit General Halleck to be disturbed, his plans te be disarranged, his ad. vice to be disregarded or his requests to be refused, no matter what Congressmen intrigue against him. If the same course had been pur- sued with McClellan the war would have been over long ago; but the public have equal con- fidence in Halleck, and if he be sustained by the President the end of the war is not dis- tant. How tae Civit, Orrtcers or THe Goveay- wexr May At tHe Wan—We publish in auvther column a correspondence of Mr, Wake Postmaster of this cily, who, from the sv nin the Hemany a few days ago, has issued @ circular to the employes in the Post Office, whose first fi sion of patr its are an expres- tie sentiment aud contributions for the procurement of substitutes amounting to $5,000. Mr. Wakeman has proved bimself a patriot by initiating this movement, and he has had the start of Mr. Barney, who presides over the Custom House, where the employes are far more numerous, have much higher salaries tuan in the Post Office, and are therefore better able to give ald and comfort to the government frou whjoh they decive thelr living, Let the ad | Now York Cystom House imitate. the example | sary, authorize Seoretary-Chase Ye» dispose ot mn | of the /'vst Otice, and let the postmasters and collectors tbrongheut the country imitate the ; laudable precedent set by Mr, Wakeman, and very‘soon we shall have more money and more reeiuiis war than the government will know what to do with. Every federal official bt ec to volunteer Limself, procure a er pay an equivalent in money in default thereof. oug Our Government and Its Finances, Future historians will bave to give to the American republic the credit of gathering a larger army than has ever been amassed by either king, emperor or monarch in the history of the world. We have now on the line of operations from Virginia to Kansas upwards of five hundred thousand soldiers, and as soon as the order for drafting is complied with, which will place six hundred thousand additional men in the field, we shall have an army numbering more than a million of men. In addition to this our navy will soon number five hundred vessels all told, with about fifty thousand.men to man them.. Such an exhibition of military strength is unparalleled and without precedence. It is true that the great army of Xerxes is reputed to have contained a million of men, which must bo considered a fabulous number by every per- son who looks into the facts and takes into con- sideration the facilities that he had to feed ao large a force on his long march. To our demo, cratic government must, then, be given the credit of being the first to enroll a million of soldiers, with a navy of corresponding strength. The gathering of such an army cannot fail to open the eyes of the European governments, create amazement in England and France, and con- vince their croaking statesmen and editors that we have the strength and” power to py down the rebellion, and that right speedily, extensive as it is. The march of a million of soldiors, with their glistening bayonets, well trained cannon, and military tread, is a spectacle which even Na~ poleon never witnessed, and before which the esormous armies enrolled during the French Reyolution sink into insignificance. To clothe, equip, feed and transport such an army it will require a vast amount of treasure and a cor- responding expenditure of money. Has our government the financial means necessary to meet the draft required to make this enormous army effectual? Did the last Congress place in the hands of Secretary Chase the facilities to respond to this increased expenditure? This additional six hundred thousand men are all expected to be in the field within the next six weeks, What, then, are our resources, and how is this army td be provided for? We take it for granted that the first issue of one hundred and fifty millions of legal tender notes has already been absorbed. If so, this will leave in the hands of Mr. Chase, available to pay our soldiers and sailors between this and the first of next December, the one hun- dred and fifty millions of Treasury notes autho- rized by Congress in July. It is estimated ‘hat it will need $6,000,000 to support an army of @ million of men « month. Thus it will be seen that the Treasury notes already authorized will only last about tvo months. Mr. Chase has no other resources except certificates of indebted. ness, which he is authorized to issue to con- tractors in sums of one thousand and five thou- sand dollars to an unlimited amount; deposits on call, of which he may recetve thirty-five millions more, and five hundred millions of six per cent bonds, five years to run, which he can- not by law sell under par. With these issues of certificates of credit the payments to con- tractors can be postponed six, nine and twelve months; but the soldiers will require their daily rations and to be promptly paid. How is this to be met? Our large exports of preduce reveal the fact that our resources have inereased since the commencement of the war. Notwithstanding the loss of cotton our exports during the year will probably, reach one hundred and seventy or one hundred and eighty millions, showing that England aud France are compelled to rely upon us for the food for their artisans and laborers. This adds to our wealth and in- creases our resources. The first isene of legal tender Treasury notes has also proved a bene- ficial measure to our internal traffic. Owing to the withdrawal of at least one-half of the cir- culation of the local banks, these government notes have been absorbed without becoming redundant or inflating prices. They have aided our intesnal commerce and assisted in develop- ing the country. ‘Lhe activity of our exports and the prosperity of our internal trade are in every particular encouraging. All that is necessary to meet the increased expenditure required by the increased army is that the government may be able to make available the increased resources of the country. But, un- fortunately, Congress has not given Seerctary Chase the necessary power. The inorsa.e, ex- penditure of the gcvernment under tl order of things will doubtless government securities and prevent Chase disposing of the five hundred mi!. six per cent houds at par, as restriciel by tw and therefvre render them unavai chic. Lev is additional evidence of the folly ard skort. sightedness of the last Covgress. In the issue of postage stamps fer change they placed no limit upon the amount that he might issue, but left it entirely to hig discretion; but in an important measure for raising the funds for prosecuting the war they tied his hands, and decided that he should not make a loan except upon such and such terms. In this dilemma, brought about by the reckless mode of doing business by the last Congress, what is to be done? Our army must be equip- ped and kept in the fleld until the rebellion is crushed out. To do this the government must have means. It is well known that Mr. Pitt was compelled to sell the securities of England— during the French war—at sixty cents on the dollar. He was obliged to dispose of them at that price or abandon the war. It is impossible to tell to what extent the enormous ex- penditures of our goverament will re- duce iis securities; but that ft will be obliged to dispose of its bonds at some price we consider certain, under the prevent condition of affairs. We can see no other mode but for Secretary Chase to nego- tiute the five hundred millions of six per cent bonds upon the best possible terms that he can obtuin, and rely upon Congress, at its next ses- sion, to ratify the act. It will not do to have this new, decisive and final movement against the rebels fail for want of means, even if the responsibility can be thrown upon the sfloulders of « theoretical and impracticable Comgruss. Let, then, the President and his advisers take this su! under their inmedinte adnsidera- tion befpte it these bonds at the highest market price, ap pealing to Congress to ratify the act, By this means our military and financial moasy ‘Tes may be able to keep step. with each other, wd the rebellion brought to a speedy end. The available funds at Secretary Chase’s ' dl# posal, as we have already shown, will be & Vfl cient to carry the government through the na tt two months without resorting to the five hua ‘ dred million five year bonds. In the meantime the progress of events, under the new pro- gramme, with Gencral Halleck as Commander- in-Chief, may be of such importance that publi¢e confidence will be increased and government securities kept at par. Should the movemente of the armies in the field within the next, twe months be of such a nature as to accomplish im- portant results, and prove that the rebel army will be driven out of Virginia before the 1st of October, and that the campaign will be a short and decisive one, the money market will be buoyant, enabling Mr. Chase to dispose of the five-twenty year bonds at par or nearly so, and thus avoid the crisis which the shortsighted Congress appears now to have brought upon us. All will, however, depend upon the activity and success of our armies. Knowing, there- fore, what can be done by our generals, the administration will kuow how to shape its finances to meet the exigencies of the hour, and thus secure the early final triumph of our arma by an active, short and decisive campaign. NEWS FROM WASHINGTON. Wasntero.7, August 7, 1862. EFFECT OF THE PRESIDENT’S SPEECH AT TIE GREAR WAR MEETING. The proceedings of the war meeting last evening have boen the exclusive topic in Washington to-day: The speoch of the President has fallen like a thunderbolp from a clear sky upon the radical McClellan haters. ‘The Presidents public endorsement of the Commander of the Army of the Potomac was more than they expected. I8 has struck them dumb, and left thom totally disarmed. They growl out their dissatisfaction very lugubriously. The masses of the people are delighted with bis framle and manly defence of their favorite genortl, and express more contidence in “Honest Old Abe” then ever. The spirit manifested yesterday is emulated—a brigade of ver lunteers will Le offered from the District. The fact that uhe sentiments expresse.! ‘n the spocohes of Messrs. Chittenden and Swett most the hearty ap proval of the President, is a strong indication of the course determined upon by the administration in con. ducting the war. Tho resolution demanding thas strinvent measures shall be immediately adopt ed to weed out from onr midst all rebels and sympathizers with the rebellion, aad aidors ang abettors of it, was an honest utterance of thé popular desire here, ‘The statement of Mr. Chittenden fm reference to this class of the populatin of tho capital are not exaggerations. In consequence of this public demonstration there ts quite a fintter to-day among the poople pointed at in the resolution, as they understand that known rebels ama rebel sympathizers will soon bu offered the alternative of taking the oath of allegiance or icaving the Distriot, An immerse “ black list” is alreacy in the hands of the authorities. ‘ THIRTY THOUSAND FRESH WESTERN TROOPS READY FOr. THE FIELD, From intelligence received at the War Department’ i fe ascortained that thirty thousand Western troops, of the new levy, will be ready to go into the fleld thie week. This report delights the President as much as i will the loyal people who are anxiously watching his eftorts to hurry up tue end of the rebellion. REPORTED APPOINTMENT OF RICTARD BUSTEED AM BRIGADIER. GENERAL, It is said that Richard Busteed, of New York, was te day appointed Brigadier General of Volunteers. He te ordered to report at ono’ to Governor Morgan for duty tm tho Statd until otherwise instructed. It is understodg the appointment was solicited by Alderman Dayton an@ Surveyor Andrews, who arrived here this morning. NO PASSES GRANTED TO GENERAL M’OLELLAN'S ARMY, Numerous applications have been made for passes to the Army of the Potomac, but they are invariably res fused. It is the request of General MeCicllan that private visitors be excluded from his lines. All the: sick are te be removed thence; therefore the friends of many of the patients cannot urge the necessity of their presence there for nursery purposes. Passes and permits within other military lines are ne@ 80 freely given as heretofore. as it ts known there have been abuses of privileces, {. wers having been tempted by latge profits to smury'e salt and other necessary eugr plies into the rebel markets. GOVERNOR SPRAGUB'S NEGRO REGIMENT. Governor Sprague, of Rhode Island, has arrived here, It is reporied that Covernor Sprague comes to consult with the President in regard to the enlistment of negre regiments. OFFIQERE DISMISSED FROM THE ARMY. By direction of the President the following name@ oficers are dismissed from the servico of the United ‘States: —Captain Amos Stiles, Eighty-frst Pennsylvania; Lieutenant Alonzo Miller, Sixty-irst Ohio; Lieutenant James W. Duhlap, Thirty-vighth New York; Lie :temant Joseph B. Clark, Thirty-cighth Now York; Second Liew tenaut W.C, Hatching, Soventeenth Wisconsin, ~ ARMY ORDERS. Mojor George F. Daldwia, additional paymaster, Unite States Army, is assigned to duty as mustering and dis barsing officer im the State of New York, and ordered te report for duty to Major General KE. ). Morgan. Surgeon Charles McMillan, New York Volurteors, te er lered to report for duty without delay, end al @ Major George W. Wallace, Sixth infantry, to Major General Morgan, Brigadier Genera! G. W. Davidson is assigned to tempe- rary duty in the’Department of the Mississippi, and ts ordered to report without delay to General Sci.04sid, com. manding District of Missouri. ABRIVAL OF THE ARRESTED EDITORS OF THE MABRIS™ BURG PATRIOT AND UNION. we, @! three o'clock, Brigadier Gonerab nyion, arrested O, Barrott and Thos. ©. Mae- od prdishers of the Patriot ond Union, ibe charge of treasonatie conduet me. \he evidence having beon ‘cemed suficiout t warrant their arrest. Montgomery Foster, an employed editor, Uriah J. Jones, local editor, whe confessed to have written the negro placard, and all the compositor in the office connceted with the affiir, have also been rrrested, The four principals were brought te this city yosterday aftornoon, and were jo¢ged in the Old Capitol prison. ‘These partits are said to have forged the imprint of the Washington Siar tothe placards above mentione’. They profess to treat the affair as merely a joke on their part; but it has proved a sorry joke to thom. * - AIRUT, RAYMOND, OF THE PROVOST GUARD. Lieut. Raymond, of the Bighty-sixth New York Volum teors, who has been for severnl months most officienup connected with the Provost Guard of this city, has b relieved on account of ill health from that duty, ‘and, being a clergyman, bas boen assigned to duty as chy plain of the Trinity and Thirteenth street Baptist Chugh Mos RBPBATING CANNON BXPERIMENTS., ‘The President, attended by « number of dy tinguished gontiomen, visited the Navy Yard thiy afternoon, 0 witness oxperiments with a new reveling arm aga projectile, which has proved so successful ¥ at it is bolieved it will occasion the introduction into the amy of an ene tirely new corps for the use af this wea" Jon, which 18 anid 19 Surpass in elficiency all the recev . improvemen arms. APPOINTMENTS UNDER Wax pax Dist. The following appointments hav 4 been made um Internal Revenue bill New Hampshire—Tirst dtef pict, James M. Lowrting, of Exeter, @ollector, and Geoy ¢ . Herring, of Furrnimg- ton, Assessor; Third distrie® paniel Whovler, of Oxfords Collector; Calvin May, of Beene, Assessor. Vermovte-Firet distrty Joseph Paland, of Montpelier, Collector; Wm. O- KY ctridge, of Fair read Second district, Thow’ ag Powers, of Woodstock, Colleot George A. Merrill, OF gt, Jonesbury, Aewessor; Third ai trict, Carlos Bayter, of Burlington, Collector, and Heifry ©. Adany,, of Grand Isle, Leseegor. ‘ THR CAPTUY, OF THE AXOLO-CONFSDERATS OTRAMED UBRALD. is too late, and, if deemed neces: | captainfdansevoort, of th Asirondnas, bap infermes Mh,