The New York Herald Newspaper, August 11, 1862, Page 3

wish yen. y trenched in mountain Jeisure. Bundred 1 bi a their ‘You Bave taken five guns, twelve colors, fifteen stand of arms, one (tac soners, includ: Aug forty officers. One of the two rebel ee be er, the other lost hig lifeon the teld of atte. fou have killed more than many. whe has lost ali hie — of the equipage. two baggage an All this has been accomplished with the joes of | twenty Brave killed aud sixty ‘wounded provod that Union men, fighting for the Lora og are more than @ eur government, misguided and’ orring sou ure ov vost ‘on your part. brothers, Moret Youhavo shown mercy to the vanquished. ‘yon, fn made tong and arduous marches, ently exposed to the pon enero fe not hesitated to demand this yw could rely In fature io eatner. you, feeling thas 1 ou your endurance, patriotism and courage. may have still greater demands to make upon you—still greater sacritices for you tooffer. Itebail be Bay care te provide for you to the extent of my ability ; will accomplish all that is asked. @ence in you, and trust you have learned to confide in me. Retember that discipline and subordination are wualities of equal value with i rer the boo reward that American troops can receive—the thanks at you have . Lam proud to say the ap- of your fellow citizens. vite GEO. B, McCLELLAN,, Major Genera) CONCLUSION. ‘Thus ended the first part of the campaign in Western Virginia. The plan of General McClellan, made before he . Advaneed on Clarksburg, to entrap the rebela under Gar- pett and Pegram, was based upon the profoundest strate. gical science; but tho tactical or praetical part was not fally carried out by his Morris and. Hill. three brigadiers—Rosecrans, Geneial Rosecrans, after defeating the »Febels nt the summit of Rich Mountain, should have at- tacke the enemy's position in the rear, on the Beverly voad, without delay. This would have prevented’ the @scape of Pegram’s force. Instead of that he rested on ‘the battic field untit the next morning, after the rebels jhad successfully retreated from their works, Goueral Morris, in operations in front of Laurel Hill, ‘was not watchful, or he might have fallen upon Garnett’s retreating columm, and cut it up indetail. Instead of that, the rebels were’ in retreat twelve hours before he discovered it. Genora! ‘THN, in heading off Garnett’s retreat in the di- rection of Oakiand, committed an egregious blunder by stopping at that place from Saturday night until Sunday morning. He should have pushed on, on Saturday night, to Red House, where he would have preceded the re- ‘treating rebels several hours, and captured them toa man. There isa story about Hili’s detention at Oakland, which, if it were true, would place his conduct in a repre- hensible light. The admirable manner in which this campaign was Planned and executed stamps Major General McClellan asa commander of the first class. When wo remember ‘that his entire army had to be enlisted and organized ‘from the beginning, and all its immense train, the innu- morable petty details of administration, which had to bo Managed, by foree of circumstances, by inexperienced men, and that the materiel of the army and most of its officers were utterly inexperienced, and without military @ducation, and that the impossibility of perfecting the ‘Srangportation and subsistence departments was a serious bstacie to rapid progress, it is amazing that he should #0 soon and so perfectly have accomplished the great mission of sweeping the rebel armies from the mountains of Western Virginia, To assist us in detormining the Intricate nature of the campaign, we have only to take gle. map of the country passed over, and observe the occupation of each succeeding position and each subse- quent movement in its or r. Remarking the object of each, which becomes apparent after it is made, we cannot Dat be struck with admiration at the beautifully ekiiful ‘game of war cheas played by a master hand. The campaign may be summed up thus briefy:—The rebels opened the ‘all by.advancing to Philippi, MeClellan suddenly crosses the Ohio, and eccupies Parkersburg, and possesses both Jines of railroad from the river to Clarksburg, and from ‘Wheeling to Grafton. Philippi is next captured by our ‘oops. ‘The enemy fortifies Laurel Hil! and concentrates ‘troops at Huttonsville, Beverly and Leesville. McCiel- lan determines to attack them in front and rear. A Prompt movement of the Union troops t Buchanan flanks the enemy on their left. Another column of Union Sroops, under Gon. Morris, at a point within one mile or ‘tho rebel Garnett’s position at Laurel Hill, checks them suddenly. at that point. A third rapid march finds MecCiellan at Roaring Run, anda masterly movement ut- terly destroys the enemy at, Rich, Mountain. Beverly falls, leaving Laure! Hill in the rear, between two power- Tal wings of our army. Tho rebel Gen. Garnett cannot \faght,/but files to the mountding, and js canght in th® ward laid for him. McClellan moved on Martinsville and Cheat Mountain Pass. General Morris moved up Seneca Pase and killed Garnett. THE EFFECT OF THE REBEL DEFEAT. ‘A Berlos of successes 50 mirably planned and executed, so sudden, so complete, 80 ad- little due to chance, gnd s0 evidenily the result of skilful, sciontific pre. Beience, has Dever before been achieved on this conti- ment. The victory was so certain, so assured, that General McClellan predicted the very spot where it would ‘be now. As a proof of the implicit confidence which General Acott placed in the plan and combinations of ‘General MoCicllan; the veteran General stated to the cor- reapondent, of the Heratp, July, that he opined that on the night of the 12th of McClean had by that time Achived two victories in the mountafas of Western Vir- ginia. The news reached Washington the follow- fng ‘morning at vine o'clek, A. M. The victo- ries baving been achieved on the 11th and 12th dig results were glorious for our cause. It estab- lished on 4 fiygp basis the security of all loyal Virginians, ‘and sent a thrill of enthusiasm throughout the length and Breadth of the Union. WOCLELLAN CALLED TO THE COMMAND OF THE ARMY OF THE POTOMAC, ‘The intelligence of the battleof Bull ran and our re- verse there was flashed over the telegraphic wires while McClellan and his army Beverly. In its eountry looked aronnd dismay were quietly encamped at and reverse = the for -a leader, young ‘and strong. to enter tho field as acting Commander-in- hief, and by direct contact with the men and officers Bring order and efficiency once more out of chaos. All ‘eyes turned to McClellan, and, with General Scott's hearty assent, ho was called to the responsible post of Com- mander of the Army of (he Potomac. He received bis sppointment by telegraph on the 22d of July, and ou the follow ing day be. rode forty miles on horseback to Graf- ‘ten, where he delivered up command of the Department 0f the Ohio to Gen. Rosecrans. The same night he took ‘@apecial train for Wheeling, thence to Pitteburg and Philadelphis, and from the latter place to Washington, where he arrived July 26, and entered upon the activo duties of his position. ‘What General McClellan has since dove the public know and history will impartially record. ‘ spite of the intrigues against him and the ceaseless detraction to which he has been subjectod, ho has, in our a1 ony yn all ciroumstances be wn- t’ repu' eee a his brief, but brilliant campaign in Cases of as a general which he so Buitstroke. Coroner Ranney was yesterday notified to hold inquests ‘om the remains of the following named persona at Belle- ‘vue Hospital. The deceased persons all appeared to have Deen laborers, and to have died from the effects of the Reat:—C. C, Conner “hg street; ‘Thomas Siekindy, Wiliam fiat. ys bp hen an Fass at bag Groenwich fan striick on Corwen Wt iidey held aa streat, on the body of Mary Ri Bino Spek age, who died from The same Coronor also held an ya eb ly of ‘Thomas b wdproe & native of Ireland, thirty-three years ef nge, who recentl; at No. srpning, the heat. found poole First avenue, near 135 Liberty street. i Gare # Diver. Conner and @ man on the body of Thomas otreet, ‘who dled trom pes 4 tied Arrived irom Europe, aud was Ho died from the pan a & nallve of ory nd, Uirty-cn0 yoateet died from the effects of the heat. ‘iidey, Ses ne hold by Coroner Wi No. 4 Caroli Twa Coveannest Curr ter thus notices the now curreacy of ay todera: ernment, and also tho United States notes of larger Soom ation , a8 a descriptive list, ‘The stamps aro see into notes, and the notes are Tavdable thto 5 it bonds: 1 dojiae..8 Baeriare.d Sdollars.3 WO dosiars.3 Ddolars.B NEW YORK HERALD, MONDAY, AUGUST’ 11,’ 1862. Gut some of the errors he conceived the government bad mato in its lenity towards the rebels, and urfiug the of Queens county to sustain the government at alt in putting down this rebellion. + Capt. Van Newt, of the WAR MEETING, IN QUEENS COUNTY. The People Fairly Aroused—Eloquent Union Speech by Mr. Thom: Addis and Busteed and John A. King, dic. ‘One of the largest meetingsever beld in the town of Newlown assembled on Saturday evening in the village ne, wave some explanat! the recent movements of General McClellan, i in regard to of Astoria, for the purpose of aiding tbe government in Mr. Jostan M. Buackwstt then made a few patriotic re- procuring yorunteers. At seven o’clock the people began } marl payee coucluded by offering & oat ‘hig own be- toeollect, and at half-past seven o'clock, at the lowont | Diy: Of $508 boos fr the teak tn volunteers se hearty estimate, one thousand persong had assembled. cheers were gi Aion foe she fag. After some patriotic and spirited music by Dodworth’s The beauty. of the evening and the interest of the occa- oy fine music from Dodworth’s band, pro- cured the atlenionee of a large number of ladies, whose Presence added much to the enthuriasm of the occasion. All things considered, this wag one ‘he most agreeab'e, orderly and enthusiastic meetings ever beld in that part of the country. FOREIGNERS IN THIS CITY. band, tho mecting was called to order by Hon. Joun D. Towmsenp, who nominated ag President of the meeting ‘Thomas Addis Emmet, Esq. On motion of Jaurs M. Rawamr, Beq., the list of Vice Presidente and Secretaries was read and the person® named therein unanimously accepted by the meeting. Mr. Ewmer addressed the meeting as follows:— ‘We meet, my fellow citizens, at the call of our coun- try,our once blessed and happy country, which we have heretofore known and heid, and by the blessing of God will ever know and hold, as one and indivisible. (Cheers.) Yes, my fellow citizens, you meet to give assurauce thal the experiment of @ representative re- publican government, and of man’s capacity to govern himgelf,s0 gloriously commenced by your fathers in 1776, sliall be sustained and carried on toa bright and successful issue by their children and their children’s children—(a;plause)—encuring for ages, increasing with its years, shedding, as it was intended, ite Diessings. citizens and. extanding ite protection, and of- asylom ‘mad a home to the oppressed of all mations. That government comparatively in its .in- fancy, hag been agsailed most wickedly; undermined by silent tre'éon, it haw been assaulted by open rebel In its hour of need and danger it catls upon you, ag the offspring of your own croation. You hear that call, and you are required this night to respend vo that cali—to arouse aud stir up the hesitating and faltering, to encourage and assure tbe doubtful and waver- ‘We meet to declare that political ambition and corruption, treason, slavery, abolitionism, or any other wild fanaticism, shall never separate or divide oar country, (Cheerg.) We meet to pledge ourselves to each other that we will not be terrified or lured into a dizgraceful compromise by the growlings and threaten- ings of foreign governments, or tho achemes, treachery and faleehoods of a wily, half secession party we may have in,our midst. Yes, we are met to proclaim to our’ enemies at home and abroad that our glorious Union shall not be rent asunder, to drag on a few miserable years of degraded national existence, and then to wither ina bss at the footstool of foreign intervention, (Loud rs.) We meet here to uphold the American llag— the flag of our Union—to swear that it shal) not losea star or @ stripe—that it shall again float from the sources of the Mississippi and all tne nobie tributaries of that mabtti river, im triumph to the ocean, and on that ocean expand and wave, amid the nations of the world, in proud deflance—the acknowledged emblem of the United States of America—unsullied, uncurtailed and in- vincible, (Cheers.) We meet (as 1 hope and trust all in every city, village, town and hamlet will meet) to urge upon our President and leaders the necessity of hence- forward and immediately actin ing with energy and de- cision. Our President ‘and his. advisers commenced, and have endeavored to extinguish this fratricidal and most unnatural rebellion by holdmg the olive branch in one hand and a sheathed sword jn the other. Most of us in the outeet approved of this course; but we and they have The Rash to the British Consul’s Of- flee=Passports and Certificates of Na- tlonality—Natives of the Green Isle Claiming British Protection, &c., &. Our cousins who bajl from that little island ov the other side of the Atlantic are peculiarly sensitive on two points—thelr belief {u the supertority of everything English, and ‘an almost childish fear of anything which may threaten (o interfere with their freedom of thought oraction, John Bull very often, though no doubt upin- tentionally, parodies Pope, when he says, in effect, if not in words, ‘‘Whateyor is English is right.” Attempt to Tesson with him on this point, and etraightway John’s back ig up, and with great anger and yolubility, if not very intelligibly, he wil! endeavor to prove that there neyer was, never will be, and neyer can be, any such country on the face of our globe as England for its climate, Jaws, government, females, public buildings and all othe, minor advantages, inchuiding its beef and beer, which go avery great way in forming an Englishman's idea of elysium. With a glow of the intensest satisfaction over. spreading hie ruddy face, and ap extraerdimary expansion of his corpulent form, he winds up by giving you afriend, ly blow on the shoulder, almost strong enough to fell an ox, and says that Britons never sball be slaves, and th® Jast thing you hear as he turns away are some indistinct mutterings proceeding from the profoundest depths of his capacious chest, and in which may be distinguished the words habeas corpus, trial by Jury, King Jobn, revolu- tien, &o. ‘Those of our transatlantic cousins who have for some time past made their home in this country have been rather undnly excited by the vigorous measures taken by our government during the last few days to prevent the departure from the country of those persons who are bound by every law, both human and divine, fo give their aid to the country in this ite hour of trial. Another and a greater source of tronble to John Bu!! is the’ prospect of’ being drafted. Why either of these been utterly mistaken. Our moderation has been | snouid trouble him we are certainly at aloss toknow. The our misfortune. Our eyes haye been opened to the bitter reality: The olive branch will | }#W in relation to drafting is plain and explicit enough not be accepted. thas been offered till it has withered, | on the subject of aliens. Those who bave never declared ‘steeped in blood! That sword, which has becn sheathed ill it has almost rusted in its.scabbard, must now be drawn. It must now be used to gleam in the hands of citizen soldiers, who are willing to door die. ‘The do of war must be Jet loose upon Northern duplicity, Sout ern treason and foreigt intervention. We must¢rash out now and forever every disturbing element which seeks to destroy our government and blast all our natural advantages; which seeks to curtail the grand extension of our railroads and telegraphs, those divine gifts, annibilating time and distance, mage known to us sitice the catablihment of onr government to enable ug to live united as one great people, and showing the ibility o€ living ia peace if disunited.. We mee! to welcome and do honor to those patrivtic heroes who have already answered to their country’s call, and have so nobiy and so bravely fonght her bat¢ and guffered in her defence, and wi presence here was expected, but who from various apd good causes have been unable to attend. Knowing, my fellow citizens, that you are lo be addi by #0 many others, I will not detain you any longer. (Loud cheers.) After the conclusion of Mr. Emmet’s remarks the fol- Jowing letters, among others from gentlemen who were invited to address tho meeting, were presented, and, at the request of the meeting, were read by Hon, vy D. Towaosend:— GENERAL MEAGHER’S LETTER, New Yori, August 7, 1862. Ihave the honor to acknowledge the very kind letter yousent me a day or two ago, enciosing an ‘invitation to me to address the meeting to be held in Astoria this even- ipg, in support ef the government, the laws and the Union. I regret much it will not be in my power to at- tend. Let me repeat, however, what I have eisewhere vaid, that if the people = the loyal States—if the people especially of this great State—do not come qevwen with promt t vzeal- and the hoartiest courage to rein- force the army which 80 heroically supports the federal authority and upholds the national flag, they themselves, and nejther the army nor the govern. ment, shall be held responsible for tha defeat of the one, the destruction of the other, and, through both, the anni- hilation of this noble repudlic—so Jong the envy, the ad- miration, the shelter aud the hope of the oppressed and humbled militons of cvery clime. Let the merchaats, as well as the less prosperous of our fellow citizens, be as- sured that the Army of the Potomac, it be instant- ly reinforced, will have to recede from its position, incur a grievous repulse, or surrender to the revolutionary army—in any one of which events Washington wi!f be no longer safe—treason will triamphantly lift ite bead in Baltimore—and it will then be no longer the line of tho Potomac that will have to be defended by the national forces, or what shall remain of them, but it will be the line of the Susquehanna and she ike, When it comes to that, New York had better prepare at once to hand over her quota (aud it will be an enormons one) of the expenees and the damage incurred by the Southern States in their revolution; for depend upon it, the revelu- tionary government will compel the loyal States to com- pensate the confederacy for the blockade and ‘ee war in all ts bearings on Southern its. sheuld that ment obtain the upper hand; and the wy) hand it wil will assuredly obtain, and that before the leaves turn red, unless the Army of the Potomac be instantly and power: fully reinforced. . THOMAS FRANCIS MEAGHER, Brigadier General, Coinmanding the Trish Brigade, GENERAL BUSTEED'S LETTER. 237 Broapway, New York, . Agua 6, 1862. Lleave, somewhat unexpectedly, for hington to- day, and regret it will not be in my power to bo at Asto- ria on Thursday evening, as per announcement. I trust rit will pervade the meeting, and that an ee etn al oe their intentions to become citizens of the United States are exempt and need not be alarmed. Others who have sworn allegiance to this government, and have enjoyed the various privileges which their right as citizens con. ferred, are surely bound, now that their services are needed, to coutribute somewhat towards the defence and upholding of those institutions of which they have for #0 Jong a time enjoyed the venefit. On Saturday last the British Consulate was crowded by from two to three thousand persons, all seeking informa- tion on these two points. Pierrepont Edwards, Esq., her Majesty's Vice, and, during the absence of his chief, Acting Consul, "had ported a notice on the door of his uflice during the early part of the week stating that it would be necessary for all British subjects who had never sworn allegiance to this country to file their names at the office of the County Clerk, and by 80 doing they would be ex- empt from drafting. Great publicity was given to this through the colamns of the different journals; but so alarmed had the foreign residents become that nothing short of somo sort of protection paper to carry about would relieve their great trepidation. Mr. Edwards was also applied to for passports by persons who wished to take.a hasty leave of this country by the several vessels leaving on that day. The following are the forms which ‘were furnished to those who called, of which more than two-thirds were natives of Ireland, who had apparently Just discovered that the ‘(Gem of the Sea”? was a much healthier placé to live in than the proud land ‘over which waves the St-rs and Stripos:— Her Britannic ’s Consulate, New York.—I, Pierre- pont Edwards, her Majesty’s Vico aud Acting Con- ‘ul, do hereby certify that i have good reason to believe, aftcr careful examination, that the bearer, 4 whose signature i subscribed in the margin hereof, is & British subjeet who has nover forfeited his allegiance, and as such is entitled to all the aid and protection usually extended to subjects of her Rritannic Majesty. In testimony whereof, I do hereunto set my hand and seal of ‘ae sa the c! ity, of New York, this mae of , in the year ef our Lord one thousand oight hun dred and sixty—- PIERREPONT EDWARDS, HB. M. Vice and Acting Consul. Her Britannic Majesty's Consulate, New York.—I Pierrepont Fdwards, her Majesty's Vico and Acting Consul, do hereby’ certify wnat I have good rea son to believe, after careful examination, that the dearer, ——— , whose signature is subscribed in the murgin hereof, is a British subject, who has declared his intention to become n American citizen, but who ‘bas not actually become such citizen. In testimony whereof ,I do hereunto set my hand and seal of otfice, at the city’ of New York, this day of in the year of our Lord one thousand eight hun- dred and sixty —. PIERREONP? EDWARDS, B. M. Vice and Acting Consul. The persons who were furnished with the iast form were told that the question was still an open one as t® ‘heir liability to be drafted. Some six months ago Secre- tary Seward decided that persons of this class were not citizens of the United States; but during the last week our County Clerk, has decided that they are liable to be drafted, and until the question is de. finitely settled by the authorities at Washington those ares aut Ww irs voy A een persons who come under this category will, we suppose, trust, that the e yur W! aaseasseeniitens.4 ‘ohited standpoint than auy: | f€¢l—¥ery like enlisting and taking tno bounty. mere re political platform. Let the voice of partisanship be | The following notice was posted up outside the Consul’s oF the palo Abd lots things be called Dy tae Enid bac kira ved, jon. And ings ir ames. "Lot a rebel be known and called such. ‘Let him | ,,7¢ Cousul’s fee, «now chine, but wit oe coven. be hated and punished as such. Do not lg, this re- | ice of @ who have been unable to apply for certii- Wey ork Vanes, ition of the war. "The do- tates of nationality. ee oad hig ony let. setae pep reproach to ye brreeerret er RN Dy ry v'ess to for uation ho will anil for in we : Mega B bom on oe Teng i of those w! Europe packet ships jng today, During the hours named in the notice only ‘abont one hundred and fifty persons applied for passports and certificates of nationality. Of this number the majo- rity were again natives of the Green Isle. ong’ Must not fall 8 victim toa iors baer wtne or ‘alien, recuse again and again tho the ect irs Shit fetta ii beéause his complexion is saa Atee that of a traitor im arms. . 1 otsht against the ex- clasjon of tha free hook sep of North from a share im the work’of du-troying rebellion. They enjoy the im- munities of citizenship: why should they bo exempted from its eoveaiive bi ilities? A state of yo noenal civil war Police Intelligence. Sranniva Array —Shortly after nine o'clock on Satur- day evening, Mr. Wiliam Kenbeck was quietly standing ‘on the corner of Recter street and congener suspends or altors ali the previousty existing relxtions of n without the parties tot, and while we are face toface with an | f22"hgat prov ocetion stabbed hisa fn the We sido intict unscrupulous and ineolent foe, is it not rank foliy to pees, ing» a wound which, it is feared, will we fatal. The as- our. time, discussing questions of | cumulntry jor | saasin then fled and made hisencape._ The Twenty:seventh iar ti, cee Periee ge | Corti = ‘sul |. Sranuina Arrnay.—James Howard, who 7 {atin Or nae Ke ont ain a My! ‘frcumastances ed reas sail ail de. fonts the Fourth ward, and is well known to the police of ; but if we lose our nationality Wwe lose all, Men of | thas pe ag om Saturday ov rent with little or one is county, I adjure TACT diverted from the dangeronsly ah) Reed and a} Foal ieaue, W6 of the North mast sul fom the | reish, th the former fivibg at Ro 174 Revenih strect dued. Turna deaf ci pray b as counsel the latter at No. 60 James strect. Howard was arrested you not La at up part who now 4 Ly montage Ht locked up to await ‘he result of ‘diss ioe og bet gon the government | the injuries. ictims were taken to the Bellevue th the duly genstinated au. | Hospital. thoritics fe & traitor in disguise, loth- | Rowaina Hs Exriorsn —Williain _jtardinge, a Ba ing, or au ase with bis ears w ed off or re is either a knave Cay. afool, Until thie. war be ended— os | Hamer, bloody at “iar great | fe ous charged ional ‘ving $0 trom his. a ences. Brot ‘ot NO 161 F en Pa npath sin ase SA sieue tha, ainlen panes to ‘American hiborty has subsinuce ue well as y—it ie | the rightful owner. Justice Osborn locked the young prc ee duty of ype foyal cli: ven Bo regard the ad- | delinquent up to answer. inistration as the governmeut amd the government as ———— ieedminiaien, "Uo tore our scene) FINANCIAL AND COMMERCIAL. ” cmnax, August 10, 1862. The import entries of foreign goods for the week ending yesterday were very heavy, owing to the large namber of cargoes imported with o view to be entered under the old tariff. They fall but little short of the entries of the corresponding week of 1660. The foMowing were the principal HON. JOHN 4. KING'S LETTER. Jamaica, Jt, Aspect © 1862. cl geet ety ae NES wre my power te at the meeting on Thursday reas. AB ton mata of the good and pressitg cause of our country. Tcanuet, bp) ‘Allow the opportunity which your in- vitation af rds to pags without wy earnest He — 0p" that thie tonne 0 Obe country, and the om tel its brave armicn in the army per ud @ patrivtic Forsomal résponse eng ae ‘al tata wn. Now ig the moment to forth lic defence. ole tha can of tha: Premsioat for fate eee Mt the -auks, diminished by I mal eed articles imported: the Wb answered OY the boid and the brave thro 14 great State, Wve strike for our country—for ~ it government of ema! rights and equal laws that was ever vouchested to ma. us not fail in this hour of iland trial, Lot the one of our brave and woll ed ogiments be filled by a new infusion Of the 5; = and conrege <i hg our beloved ae will yet Bo weil, shall march once more eo JOHN A, KING. and treasi; and relichion wil! be forever Alter tho reading of tho letters tho mecting was ad. drosaed by General Himam Wanker, who, in bis usual hoypy manner, held the largo audience enchained for neirly eo hoa,’ The foreign trade of the port for the passweek is shown in the following tables:— Ho. Jexwr. B. Vaneus next addressed the and! jence, in Iaronts. a clear a sony inonner, pointing out the necessity of For the week. 1890. immediate ac open the part of the peuple, At the $2,627,560 ecnmon ontia f remarks Mr. Varnum » from his own purse, @ bounty of 210 1 piece for the fifet five ¢o- Brest Rattoonst by Ton. Jou D. Pivewwenn, he edtention of the Auliever with a mont foreible ‘and classical address, pointin” Total for tho week $5,016,399 Previously reported, 141 031,083 ‘ pon Goa inne Since Jona y 1 $146,008,082 ‘wis 98,005,240 104,210 981 | What can be more anomalous in the present state Beroens-op. Banpoos am Sessa By | ‘The following table shows the course of the For the week...... seen 14 geseons 4 stock market for the past week and month:— Previously roperted 50,095.283 76,877 4ad 75. July V2. Jeety 9. July 26, Ay, 2. dng " pie sly U.S. 6’, rogie’d.” 40134 ‘9834 Since January 2. $52,992,857 78481469 79,767, Virginias ....... 54 3 82 cin ascent Tenncesees 3% nO 49% 50% 8 48: 40% 40 46 the sea. yd year ye) 0%, 98 the week $1,173,289 pl 148,009 ited ‘ol fe Previously reported 31,675,909 6,324,700 97,634,000 Mx 38% ss ax Since January 1..992,647,248 6,324,160 38,237,018 ae. $* as Ss Last Monday’s bauk statement showed a specie 26 2A 25 26% average of $34,022,490, being an increase over the Tiicot Central. < is Sei sox 4 week previous of $957,881; a deposits average of | Gaie au 3g 69 ¢. 68 605, $137,112,937, being an increase of $4,685,750, and ee rod rs an an @ loans average of $150,517,s44, being an increase 10 1307 us al of $749,551. To-morrow’s statement will probably eri 43 sa PB Bf show a further increase in every department, The | God, v1 4 Noe its M6 ay deposits will probably excced $141,000,000, and] ‘Phe stock market has recovered its tone. The the specie $35,000,000. Money is flowing here from depression and dulness caused by the battles be- all quarters for employment, and the bank deposits, fore Richmond have passed away. People have Ciscovered that the Army of the Potomac, so far from being in danger, is ina position which con- stitutes a graye menace to the rebels, and wil) enable it to resume operations against the rebel capital with every prospect of success. The pro- gress of recruiting, and the energy of the adminis- tration in ordering a draft of three hundred thou- sand men, have likewise streugthened public con- fidence. Add to these reasons the ease of the money market, aud the advance in government and railroad securities is readily understood. Among the most popuiar securities of the day are the stocks of the Erie, which are advancing rapid- ly under the combined influence of a demand for investment and a speculative inquiry. The road is earning more than a million of dollars over and above interest and expenses, and there is every reafon to believe that these earnings would be largely increased by the restoration of peace. The old stock is selling about 26 per cent less than it commanded in 1858. Western speculators are de- voting especial attention to Gulena, which, having renewed, without loss, its maturing’ bonds, and having paid eight per cent divi- consisting mainly of government currency, aceu- mulate much faster than they can be’employed. The specie is increasing, mainly through special’ deposits. The banks, very unwisely, as we tink, make no distinction in their reporte between their own reserve, which is the property of their deposis tors, and the bullion which is placed with them for safe keeping, but over which they haye noimore control than they have over the receipts at the Sub-Treasury. Would it not be well for the Clear ing House to let the public know precisely what Portion of the specie fund reported ov each Mon- day as ‘‘in bank’? really belongs to the bank de, Positors? It is upon the basis of this fund that we shall some day be compelled to rebuild. our shat- tered financial edifice. Surely it is had policy to conceal] its amount from the public. Coneeaiment, in such cases, merely fosters uneasinets and checks the revival of confidence. * Money grows easier daily. Yesterday large sums of money went a begging in Wall street at four per cent, and loans were made to leading houses at 3. and 3%. The rate of interest would naturaily fall to 3 per cent on call were it not for the standing offer of government to pay 4 for ‘ dend@ on its stock, is once more an active temporary deposits, Goverument certificates of | competitor for public favor. Galena used deposit, one year to run, with interest at] to be fought for at the board at 90 a 100. It six per cent, payable in gold, are selling at % discount; mercantile paper, firet class, sells at 314 a 5 percent, according to date, Events continue to foreshadow the stoppage of the deposit system, or the reduction of the rate of interest al- lowed by the government on deposits. The better plan would undoubtedly be to stop deposits alto- gether. They produce so small an amount as to be unworthy of consideration as a financial re- source. They are an ever-menacing danger to the public credit, placing the government in the hands of the money lenders, who may at any time, by a shrewd combination, contrived after some military disaster, bring the Treasury to the verge of repu- diation. Finally, they stand in the way of an ad- vance in government stocks. So long as people can lend money to government on call at 4 per cent, and convert that loan at pleasure into 5-20 bonds, there will be no wish to buy sixes of 1881 at par. has paid, in its day, as ymuch as 26 per cent divi- dend. It is not likely to pay any such dividends hereafter; but, asa reliable 6 or 8 per cent stock, the earnings for the past couple of years, and the recent lease of the Iowa and Nebraska road, seem to render it a pretty safe investment at higher prices than those now ruling. Government sixes areslowly approaching par once more, and the eeven-thirties are rising simultaneously toward the point at which they stood before the battles be- fore Richmond. As they pay a better income than any of the popular railway bonds, as that income is payable in coin, and as they are not subject to taxation, it is confidently expected that they will advance. New York Central eeems less active than other railway shares, partly in consequence of its being a favorite stock among speculators, who sell whenever it rises one per cent, and partly in consequence of the heavy interest account which the bulls are obliged to pay. Pacific Mail fell three per cent on the news of the lose of the Golden Gate, but has since recovered most of the decline. Since Commodore Vanderbilt, sold « xt the stock has been plen.iful on the street. CITY COMMERCIAL REPORT. Saturpay, August 9—6 P. M. Asnrs.—The market was steady, while sales were limit ed, at $6 8134 a$6 8734 for pots, and smal) lots of pearls at $7. The stock in Messrs. Lester, Palmer & Co.’s ware- house comprised 475 bbls. pots and 36 ao. pearls. Breavercrre.—llour—The market was heavy and lower, and for most descriptions prices fell off from dc. a 10c. per bb]., and in some cases as much as 15c. per bbl. lower was quoted. The sales embraced about 11,000 bbis. , closing within the following range of prices:— of the money market than to see 7.30 notes, conz vertible into twenty year sixos, selling at 103 a 24? They should command ten per cent premium at leas They are kept down in some degree by the deposit system. A good deal of anxiety is felt in financial circles on the subject of the changes in the financial policy of the government which will be rendered necessary by the new levy of troops. The new army, which will consist as nearly'as pos- sible of 1,000,000 men, will cost about $66,000,000 amonth. Mr. Chase has in hand, for the payment of these troops, about $150,000,000—namely, $100,000,000 of legal tender notes, under the act of July; $10,000,000 under the act of February, and say $40,000,000 under the act passed the last day of the session, authorizing the issue of stamps. | Superfine State. $490 a 510 Over and above these Mr. Chase has resources, to repictchieny : eae H ry wit:—Certificates of indebtedness, which are un- Sepa choice ret a Ae limited in amount, but uscless for the payment of es= troops; deposits at the sub-treasuries on call, parang 3 a0 * 10 limited to about $35,000,000; the receipts from | Good to cheicefamily do aes customs and from taxes. It needs but lite ex- | (orn meal, jersey and randy win 1830 a 359 perience to decide that these resources will ena- ble the government to pay its way till December without running very seriously in debt to the army and navy. If we should take Richmond, and de- velop the national strength in the field to such a degree as to generate a universal belief in the early restoration of the national authority over the revolted section of country; and if, simul- tancously, the book of deposita were closed, and capitalists were notified that tne only way of ac- quiring government securities was to buy them in Canadien flour was heavy, with the “turn of Pices. in favor of purchagers. The sales embraced about 700 bbis within the range of the above quotations. “Southern flour was less buoyant, whi'e sales were active. The embraced 2,000 bbis. within the range of our Rye flour was unchanged, while the sales were confined to about 200 bbis. Corn meal was firm at the above figures, with sales of 225 bushels, Wheat was boy heavy, and closed at a deoline of ic. a ‘bushel, while the Leng was moderate. The sales embraced about 60,000 bushels, at $1 41 a $1 42 for prime white Michigan, $1 34 fur mixed Western, $1 jog $1 31 for red Westorn, $1 35.2 $1 37 for amber Mich $1 10 for Chicago spring, $1 122 $1 21 too Milwaittes open market, United States sixes would probably | club, and $1 22 a $1 24 for amber do, and barley i tnalt'wore quiet and quotations, were nonminal. Corn wes rise to a point which would induce active conver- ines bears Pad sctire, while prices fell ef about lc. sions of currency. In this event it would not | per bushel, with sales of about 75,000 bushels, at 46c. a Soe. for heated, 2c. a 5c. for Eastorn mixed, abd at béc. a B73. for shipping ote in good order for shipment. Rye was dull, while the sales wore light, at 7éc. a 78¢. for Western an at 88c. a S4c. for State. "Oats were ac tive and higher, with sales of Western and Canadian at 47c. a 490. and State at 49 4c. a 50c. CorrER Was Quiet and prices were steady, while sales were limited. Corion.—The market was decided'y firm, while the sales embraced about 600 bales, closing stiff on the basis of 47 4c. a 48c. for middling uplands, Farioure.—Rates were dail, especially for grain Ed for which were easier. To areas about 25,000 bushels of wheat were cngaod te ship’s bags at 124. a 1234d., with about 300 bbls. flour C) . tobacco at 362. ‘ToLondon, 12,000 bush- ‘Dulke at 184.; flour was at3s, 104.0 de. bushels wheat at a on 10,000 become necessary to attempt any change in our financial policy. But, should we not take Rich mond within sixty days, it would probably become necessary to call Congress together in October for the purpose of authorizing a new issue of legal tender notes. That this would be a painful neces- sity no sound financier will deny. But it is nota matter of choice, but of necessity. The army and navy must be paid, and there is not time, if it were possible, to effect loans to an amount sufficient to meet the public requirements. After the war is ended the currency, however abundant it may be, will be fanded fast enough to prevent undue de- preciation. In the meantime it is the duty of all 00d citizens to accept the situation, with all its evils, and make the best of it. Exchange on London closed yesterday at 124% @ 126 for bankers’ bills and 123% a 124 for produce bills: The supply of bills has increased considera- bly of late, and the demand has fallen 3ff. Our exports have swollen to extraordinary figures in consequence of the premiam on bills. Our im. ports have not yet begun to show the effect of the new tariff, as a large number of cargoes which were ordered in the belief either that they would arrive before lst August, or that the new duties would only be applicable to goods which were not bona fide on shipboard at that date, are only now arriving. In the course of @ fortnight our im- port returns will exhibit a different state of facts. sed. for 12,000 oars. with 26,000 bushels wheat —The demand for dry cod was Thateed: GA prions and lower. ‘The last sales of moment of St. 6 for 3.1, »and at $6 60 fer No.2 and $5 60 for No. .—Raisine were inactive at $3 46 a p Pete Ay he wed lenses sntiat 28 30 for bunch, 4 months. ive and in good demand, with sales of Pe hy = Har. yk oe o:d North River was firmer and ia demand, with rales of prime cane at 70c. for a and at 7c. 80¢. cash, for jemP.—The market quiet; Saat wes at Te. and sales of Siva! wore made at 7c. cash. Fives.—The ae) was less active and bueyant, the boc views of. holders tending to check transactions. Sales, however, were making pape exteut, without of regal 80,00 total stock embraced aS 630,000 in 1861 at (328,060 in 1870. iy and‘im fair roquest, LA sales of neo acct i 16c. a 20¢., and old, 1 Of 1860, in lots, at To, w 10c. Importers still cherish the hope that the new | jyic0—Manila and Madras were quiet; Gustemala tariff will admit of ‘certain kinds of goods we firmer, er anaes om sabe, inst being imported without loss; but it ie generally ET ee ee "ots at bic. tales of Manila at $1 06 0 $1 10, with smal surmised that the list of such goods will prove | cash. small. The intention of the new tariff was to ex- clude the bulk of the foreign goods with which this country has been inundated for the past twen- ty years, and to pay for which our specie has been drawn from us as fast as it has been pro- duced in California, Unless the framers of that tariff have been grossly mistaken, it will be found that it will achiove its purpose, and that the bulk of foreign dry goods and hardware imported from Europe since it became s law will net a loss to the importers. Inthe meantime, the wheat crop of the present year will probably prove the largest ever reaped in the country. The corn crop pre- mises to be equally bountiful. Farmers are so well patisfied of tho fact that they are hurrying Toren ta demana, ; slaughter upper, in rough, with alt skis bp Ky 9 en er re ree pa osed with ~y lower bd rill ealen'es ai week at wi ‘ he ‘and at $227 6 $2.90 in small lots. taht pr ices, wit salve of strained and it the recent auction sale New and No. 1 $14 1234 9 $14 87%, M4 016 1234. and wale were quiet and. without ‘with sales of, di a craving ate. a to market all the whoat and corn remaining over = en , from last year’s crop. In Europe, on the other | jemand, with sales it 8.0000 4,00, in ‘the hand, each successive mail confirms the report of Io et tng 10 £18 ae eT vou is ascanty harvest. In England, France, Germany | cxTert, The A es a in. request, with rales of U0 0 900 Bay gt a a pf eens gl mn yi age es rs Gace 200 bole. Cut meats were ffm and ia q and Prussia, the wheat crop is decidedly short of an average, and the prospect is that Europe will require from us all the food that catl be exported twoen this and the harvest of 1863. ny encentes 0b ham pee eee prions. Lard was Gold declined inet week to about 1194, at the a hae were wale, 6 playin close. The speculation in gold has long. since De Koy 99 here ane ney ore ent te cease a td be attractive: to and return- ing comvience is lording to the sale of large heard 3 ch were taid up at a time when tlie na- tional peespect looked gloomy. Gold will’ pro- bably continue to rule at a premium until the go- vernment and the bey Bains specie payments; but, in the absence of news from the army, and Liters tone Ai, mand, the pre- hy at $2. Linseed was heavy and dull, though it was not quotably lower. i Svoare.—The market was steady, but sales wore light; about 200 hhds. New Orleans were Rold by auction, com. mon to fair quality, within the range of Su. a %6., aud 200 1'800 do. Cubas within about the sanve figures. ‘TaLLow, ander the influence of the lociga Saxe, rather firmer with sales of prime cuy at LOC. a 10M, and of country at 10% a 10K coy ean, “ mium cannot be Jar sae goes right with our ‘Tra waa firm, with Linited » otongs and green® armies a’ 19 1 asters Occur, We shall | at full peices. “ probably reso u stony bi t: s.0W ecline in the |" wieeey Wag ha fir, 9 wes 00.0 precios vetai fos some weeks to come, ar ‘Wo, or State and 3). 3 SHIPPING NEWS. (rene ef Oo: PROM MURUFE. Bam Leaves Cig ot | Bisimore.. Lavenyoet. javeria... Jara Eoou ropa... - Cuy of New York . New York Avs 1. Liverpoo Bobersian Liverpoo Anglo-Saxon, teher.. Hausa... Row Yo New York Port of New York, August 10, 1862. ARRIVED US steamer Connecticut, Comnunder Barnett, New Or na, July 31, Mobile Bar Peusacola 84, Port Roya ‘orti eas Monroe 9t Isior, Swirt, Live S days, with mdse and p00}, ers, 10 8 Thompson's Nephew. Orosse! the Ranks w Bo ioe; has been 39 days W of the Banks, witt ans (Pr) Zul'm, Havana, Joly 28, via Nassau Ang > uranter. rk Horeulis (Vr is), Paryon. Newaagtle, 6) days, with fo order. Had WsW to W winds up to the tuenee light le winds and calms. is Faustina (of S.ockton), Berry, Bagun. July 29, with r, to manter rig Mary Hatheld (Br), Marsh, Cow Bay, CB, 14 day» with Coal, to HJ &C A Dowo “br Mésia Jane (Br, of St Andrews), Anderson, St Tho mas. July 25, and SaltCay Aug 1, with salt, to Son ne hr W_A Griffin (of Fall River). Borden, Granadn via St ballast, to master, of Nassati), Stuart, Cat Island, 12 h tobacco &e, to JR Bacon, Hed light winds the jassaue. u), Johnson, Bleuthers, 9 days, dy (Br, of Nas ito, Newbern, NO. doh su 16 Jos Eneas Schr Mary Ads line, J Schr DT Anderson, Paul. Vi Sehr F Morton, Tuipin, Nek. Balt Behr Bvelyn, Growiey. Adiison. 10 days Schr Boundary, Avery. Mucitias, 7 days, Behr Aun, , Vortiand. Schr Hanipden Belle, Alexander, Salem Schr Siins Wright, Adana, Salem. Schr Kossuth. Lee, Boston, 3 days. r Naliard Fillmore, Chase, Boston, 3 days, Schr S M'r ler, Crosby, Boston, 3 Schr Crenshaw, Creimér, Boston, 4 aye. rEAs event, Barker, Bos:o i fee Albany. vidence, ut for Boston, oung, 'rovidence. BELOW. Bhip Uncle Joe, Pinkham, from Cardiff, June Bark Speranza, Russell, from Lisbon, June 24, sete A Herbert, oe Marv Eliz: Btoamer Petre: Bark Linda, from Matanzas. Brig Geo Marchant, Eechricht, from Galway, July & Sehr G V Wellington, from SAILED, Steamer Key West, Newbern, NC. Wind at sunset NW. Herald Marine Correspondence. KEY WEST, Avigust 6.—ihe steamer Creo e, Capt. Tomp- ton, froin Nes York bound to New Orleans with a {i'l caso of four and sn“ries, of the burthen of 10,00 barrels, was brought into port by wreekers on the 29th wt., buving been ashore on Al.izator Reef for 72 hours. Th» Wreckers took ce out a withor bittatien ang $ 0 es, which idand the caro returoed to the sip, When The proceeded on her Voyage on the Sist. Upun couung In to the wher! the Ureole swung against the ship Congrey and damaged both vessels so much that now p’ had to be cut into them, and the anchor af the Cr_oly was also brosen, causing damage to both vesrels of about 3500, Miscellaneous. Coxtistox—On Sunday morning, at 6 o'clock, as the steam- er City of New York, Capt Jewett, of the New York, Noi wich and Boston line, was rounding Corlear'’s Hook, she came in contact with the ferry boat Nebraska, of the Roose- velt and South Seventh street ferry. The City of New York struck her abaft the ‘wheel, in the ladies’ cabin. and went angularly through her. Capt Jewett, nding ih’: Nebraska in # sinking condition, her few passengers ond Pushed her into the dock at the ‘ead of Cherry stravt, where Phe now lies full of water. Fortimnately Jog, and there were bat few paste were in safety, One of th Nisam hort Banx Danoy, from Ardrossan, arrived at Boston yester day, leaking 1900 strkes per hour. Buig Panaxa, of Sax Harbor, 209 tone, owned by Has French and others, was towed to Port Jefferson onth: 34 {nat to receive exvensive reyairs, preparacory to ft ing for sea, either for the merchant service or for anoth tw ing voyage, to be hereafter dewrmined. ‘The following table glves a summary of the vessoln'in Uh harbors of New York, Bi Baltimore, Charleston, Savang nah, New Oricuns and Galvesion, at the latest accoutite from each of those porte: jebraska's firemen tad Whatemen. Arr at New Bedford Sth inst, bark Sea Queen (of West- vt), Burditt, Paciic Ocean, Taleahuanoe May 6, with 800 Gita vip ol. -Also, 196 bin op ‘oil on freight froin bark Frew ar eg Boston 9ib, sehr Sarah E Lewis, Farweil, whaling vo, Spek jpoken—Aug 7, 15 miles SSE. “ef ship Blec- tra’ Stason, Trou New London for Pacitie Ocea Spoken, &c. eottlp, Comprgmice, Caulking, hence for Liverpool, Aug 6, LJ r Nantucket Shoals. wag i Hiydra, from Bordeaux for NYork, July 24, lat 43 30, ‘Rehr Amthem, from West Indies for Boston, Aug 7, 10 miles B of Nantucket Shoals. ad bee | Suly 29—Arr ship Aarrigburg. wou, Wiewetl, Boston for diy beim port brig lara Pickens, Rich, from Miteats Sup lt—are brig LB Cowperthwaite, Rogers, Rio Tonpox, July 23—Sld ship Ocean Steed, Cox, Cardiff and Melanie A, May 28—-814 ship Hype Seaton, Rulers, Boston; , NYork | eee ee eae Mey hin ete Carniola, Hopkine (fre ‘ORTLAND Roa! Alicante.’ ABT tose. Juy 3—In in port bs ys ae Annie, for Philadetphia uext day; Dunkirk, from amet ‘July 29—In port bark Tycoon, for Philadetphie igs Stella, for Portia ave, From Boston fast arre (Pon Sencmns 8 naga, or & days; Ocran Care Race—Txusonariic.) iS Merumne, ot Taul Hays June 1, 1 Dai Fal. ety ta at a 78, th rm, in ick, Quer rnguuh: Hy ofp el i ", vioar NYork June 1, Meg Merrilies, fro ne Ge Rise Ball Riapire tae 3 PPstaorn abd Ghaptoe, Liverpool; Aug], Java, and tt D Bieeh tor Boston May ch John Gilpin, from Table Bay; June 28, Charles Hill, aul ig a Painontue Newry; 8 Arr from NY, ‘iz; John 3 Boyd. Boni; An- ape Pa in zt ind oegamere —Arr brig Tangeut, Ti Y serait Rea ig ‘ 01 Ee ge oy Gandy: ae Mtns. owpr Deimont, Ginn, fa: Warrenton, ord, and Joba Gelzoun, Murch, Elizabethport; 3 Shepherd A Mount, Gerard, lee Old ie Fate ‘Taesto, Gibraltar and & a ad Sere, Peg me gohis BA De- a jacmel Mioth—are Coy. cel) a Woudleca, Oardiffy burke Daou, ‘on ; re sehrs O FT Nanteckeny athe Us erry te 288 tpn st, \ Tach atorwn Ohild, ship, Creole, Phempeon barks 40 ian sehrs Moniezuma, Pen: and ch a bose ja, eas do, Gener Teirt, Philadeipnts, triige, Redwoot, 8 ate BW ANB, July 25-014 Hr ship Thepdore I Knoop, Wight, Liverpools Tire lieu) fi Line ee Sgunboat Feet aie, Poster, aud 8 Hoven Medor, Pernagoia, Cid es * ee ‘ele: Feit e pete rash Potcnns att Baron, Philadelphts. aud Rhode AUS Pikes,