The New York Herald Newspaper, December 22, 1862, Page 4

* seventy-five thousand at Mreder' YORK HERALD. AMES @oRDoN BENNQGTT, EDITOR AND PROPRIETOR. GevEM MN. W. CORNER OF FULTON AND NASSAU STS. ‘SBR cash in advance. Moncy seut by mail will be @Pthorisk of the senter. None but Bank bills curreat in Mam York taken, ‘WHE DAILY HERALD, fmsr cents per copy. THE WEEKLY HERALD, c: saturday, at Five conte 92 AMUSEMENTS 7 WIBLO'S GARDEN, Broads WALLACK'S THEATRE, Broadivas—LAcneLon oF Ants WINTER GARDEN, Brostwar Connscricur Countsiir—-Two 20s. ¥¢ LAURA KEENE’S THEATRES, Broadway.~Bioxverte. NEW BOWERY FHEATSE, Bowery, -Hanrequin Jagx Suerrhap—lvaxnow—b.0F KIy, EVENING. pwPavsr oxy Mancuanire | o° Kwtaaxtr— ks. BOWERY THEATRE, Bowery.—Srerx— af Wraagp SKi?. aiadimahircs cmon BaRNuUN'S AMERICAN KUM, Brondway.—Dares. BACH'S PERFOR.ING BeARS—GIANT GIRL, AC., i hours, Drama, Couses Bown, at Sand 7 oc P.M TS’ MINSTRELS’ Mechanics’ Hall, 473 Broad. | MOPIAN BONGS, BURLESQUES, DANCES, iene | wi Bu WOOD'S MINSTREL HALL, 514 = Soncs, Daxoes, £0.—Dince. Rciarey aTOREAR BUCKLEY'S MINSTRELS. Palace of M ‘ourtec sireet.—-Erirorian SoxGs. Dances, ho-—Luesenia Bowne ACADEMY OF MUSIC, Irving place. —Truxsa Canneno & aor MENAGERIE, Broadway.—Livina Wip AMERICAN MUSIC HALL. No. = Lith Paroutune, Beanecese oo, Mf Brondoray.—Bat- PARISIAN CABINET OF WONDE! - Open daily rom 0AM. Tu 1p fa eS Broadway. HOOLEY'S OPERA HOUSE, Brooklyn OS, Dances, BUKLESQTES &o as rr cra _New York, Monday, December 22, 1562. SITUATION. The deepest sensation of anxicty was felt iu the national capital yesterday, arising from the Cabi- net difficulties and the uncertainty of Mr. Lincoln's Position between the radicals, on the one side, and the cons :vative sentiment of the people and tho army on the other. It was felt that the most important orsis in the fate of the country was upon os, but it was said last night that the diffi- culty was settled and peace apparently restored to the Cabinet for the present. It is said that the President has announced that he himself is the proper judge of the conduct of his ministerial ad- visors, and will not be influenced by any attempted dictation on the part of any body of Senators whatever, nor had the President accepted the resignations of Sccretaries Seward and Chase— that of the latter gentleman and of Mr. Blair having | Just been tendered. {t is said that the retirement | of Mr. Stanton and General Halleck was the origi- mal alternative of Mr. Seward’s remaining in the Cabinet. Stanton was unwilling to go, and the counter claims of General Fremont’s friends and those of General McClellan rendered the course ef the President with regard to General Hallock exceedingly embarrassing. Rumors of the revig- nation of the whole Cabinct were rife yesterday, but, as will be seen, they received no confirmation. Mr. Seward will probably remain, but Mr. Stanton'’s withdrawal is still urged by a strong party. Everything is still in the army of General Burr= wide. It was not known by his staff that he had offered his resignation, 2s reported. We learn from Baltimore that the rebels are #upposed to be moving large bodies of troops from Fredericksburg to the West, uader the impression thet the former point can be held against our army with a much smaller force than is now con- centrated there. Our correspondent says that there are literally no troops of sny account at Richmond or on the peninsula. General Lee has | ceburg, and not ® man more. Except guerillas, 1 are po other troops in Virginia, unless it be fifteen thoussnd at Petersburg. But there are forty | thousand at Churlestou aud thirty thousand at | Sevannoh, both under Beauregard, and twenty-five thonsand at Mobile. The vreat strength confederacy, however, is now being concentrated towards Nashville and Vicksburg, and it is safe to | way that there will be, in o few days, fully one hundred thousand rabel troops at each of these two points. Our news from Nashville up to yesterday states | that General Van Cleve’s division bad a brisk | skirmish with the enemy. The rebel cavalry force, } of the The steamer Thames, Arey, arrived at this port yesterday from Port Royal December 16, in ballast, to the United States Quartermaster. She reports the steamer Jersey Blue, hence, arrived on the 15th iust., in @ disabled con- dition, and would proceed no further. The steamer Quincy had repaired, and sailed on the 15th. The Quinuebaug was still in port. No- thing new had transpired siace last advices. the incompetence end tortuous those members of the Cabinet specially charged with the conduct of the war. His domestic policy, when called to exercise his vote or ia- fluence in the Cabinet, was equally character- fzed by statesmansbip; for in the awful pre- sence of the dangers which menaced the life of the nation he forgot that he ever was a poli- tician or @ partisan; and in the eyes of the radi- pallef’ it | esperesten or Our Capt. Alien, of the British’ brig Hannah, which | cals this was “the head and front of his offend- arrived yesterday, reports that the port of Mara- | ing.” He held that his obligations to his whole caibo was yet under blockade by the Venezuelan country were paramount to those which he government. The captain was allowed to take his vessel in and load, having brought the govern- | ment commissioners from Laguayra to that port. The Washington correspondent of the Boston Traveller says that definite information was re- ceived by the last steamer that M. Drouyn de Lhuys, the French Prime Minister, has postponed indefinitely the plan for intervention, and that he so stated to the person who brought the govern- ment the nows. M. do Geoffroy, who was formerly Secretary to the French Legation at Washington, has arrived at Athens, to replace Baron Maillard as First Sec- | Fetary to the French Minister there. The Rochester Union has purchased the Living- ston paper all at Danyille, New York, where tho proprietors intend mannfaciuring thelr own paper, and thus avoiding the combivation prices. In an- nouncing the fact, the Union advises the proprie- tors of other jourrals to do the same, and says there are plenty of papor mills for sale. The Grand Jury of Milwaukee has decided'to find bills of indictment against all issuers of shin- plasters. The people who take such worthless trash are as muoh to blame as those who issue it. The Reading Railroad has transported one hun- | dred and sixty-five thousand tons of coal this year, against one hundred and six thousand last ear. The quota of Connecticut for the Continental army in the war of the Revolution was 3,799, The State had 3,068 in service as volunteers, and adraft took place for the balance—781. A meeting was held in Detroit on the 17th in- stant to take into consideration the relief of the sufferings of the British operatives. A committee was appointed to solicit and forward subscrip- tions. William J. Cullen (democrat) has given notice to Ignatius Donnelly (republican) that he will con- test liis election to Congress in the Second district of Minnesota, on the ground that Mr. Donnelly was elected by the votes of soldiers,and that the counting of said votes was in conflict with the constitution of the State. Last evening Gerrit Smith delivered s lecture jn the Cooper Institute, toa large audience, on the State of the Country, in which he elucidated his radical abolition doctrines. A sketch of his re- marks will be found in another column. The stock market epened weak on Saturday, rallied about midday and became quite strong; toward the close prices fell off @ fraction, closing irregular. The strongest | stock on the list appears to be Pacitic Mail. Money was n go @ demand at 6 percent. Gold sold down to 132 in the morning, but rose to 132% on the news of Mr, Seward’s resignation. Exchunge cloed at about 146. usual trade tables for the week will be found in the ey articie Cotton was dull on Saturday, though quoted steady ‘The ales of flour were confined to 13,500 bbis.; wheat 76,000 bushels, and corm, 50,000 bushels, the market closing heavy for cach Thére wus considerable activity in oats and pork, which were firmer: os also in bee» ‘bacon And lard, which were unchanged ia value; whi'e sugare, Tice, teas, momases, hemp, sceds, spices, tobacco, and metais were quiet. Rio coffee was in more demand owed to patty, and he had the sagacity to see that in the consummation of the ruin impending over the cause of the Union the destruction of the party was necessarily involved, The radicals, blinded, like all those whom the gods make mad in order to destroy them, instead of listening to his wise remon- strances, have attempted to throw him over board, like Jonah, to appease the angry waves. But these madmen, who are taking no. heed of the signs of the times, may yet find to their cost that Mr. Seward is sa’e, while they are doomed to the destruction which they court. In sacred history we read that God would have spared the city of Sodom if ten righteous men could be found in it; and the people of the United States might have tolerated the Cabi- net of Mr. Lincoln if even the one good man in it had been permitted to remain. He was the Lot for whose sake the popular wrath was sus- pended. The tragedy at Frederickaburg was only the climax of accumulated blunders, dis- asters and corruptions necessary to rouse the people to that point at which it is no longer safe to trifle with them. What is the duty of the President under these critical circumstances? It is to imitate the example of Jackson, and compel every member of the Cabinet to resign. Some of them are consciously so odious in the eyes of the nation that if they had a spark of pride or honor, or, even Fimenctai ‘Stevens and Chace Confessing the Sins ef Their Party. The speech of Mr. Stevens, radical republi- can, of Pennsylvania, giving an explanation of his absurd and unprincipled bill, and the state- ment of Secretary Chase, late radical member of the Cabinet, in reply to a resolution of the House of Representatives, inquiring as to the causes of “the grievous delays” in paying the troops, are higitly instructive, as showing the utter incapacity of the republican party con- trolled by the radical wing thereof to meet the crisis which the radicals have precipitated upon the country. Like lunatics they have kindled the most terrible conflagration on record, but they have shown themselves as incompetent as lunatics to extinguish the flames. Mr. Chase refers the House to “the books of the War De- partment for precise information,” and shirks a plain answer as regards himself. He cannot be expected te acknowledge that his own ignorance of the natural laws of finance is at fault; and the same is true of Stevens, the Chairman of the Committee of Ways and Means. Both endea- vor to shift the responsibility from themselves to Congress, which would only show that the republican party, having at present an over- whelming majority in that body, are utterly deficient in the necessary ability to legislate for the financial affairs of the nation. No doubt this is «triotly and lamentably true; but it does not follow that Chase and Stevens are better skilled in finance than the rest of their party, though they may now, when the mischief is done, the currency depreciated, and the treasury without money to pay the troops, endeavor to clear their own skirts of the ruinous bluuders of Congress. Chase confesses that “the resources of the treasury have become inadequate to the demands upon it,’ and that “it is not in his power to arrest the accumuiation of de- 350,000,000 of ornare 2 N ‘Rotes on hend 40 pay Teady; und, while the clearing of th® tendsts,” amounting to $80,000,200, deposited | continent:-and its islands was befa %, 800@m: in the Troasury at four per cent interést on | plished by our troops abroad, the cit ‘zens af call after ten days, thus, in effect, takiny: a toan | homie, North and South, could -sefile ti it dif of $50,000,000 at four per cent, and keeping it | ferewces by conventions, and \ onee in the federal vaults without use till the lemler | again the happy, prosperous and migitty peo, Vie calls for it—in other words, paying four pec | they were before the civil war began. [e's mo cent interest for the privilege of taking care of | yes too late. Let statesmanship’prepare the wT unused special deposits; that banking corpo- rations have been allowed to increase their circulation and flood the country with their bills ever since they illegally refused specie | payment, according to the example set them by | the Secretary of the Treasury, by the Chairman of the Committee of Ways and Means, and by the Congress which adopted their measures; thus depreciating the general circulation and increasing the prices of everything that x poor pan buys, while the Shylocks pocket large interest on their worthless, irredeemable Peper and grow rich on the ruin of the people — all these allegations are most true, and only go to prove how utterly unfit the present Congress | is to devise financial measures to moet the exigencies of the country. But they do not show that either Stevens or Chase has any more financial ability than the rest of the faction: The logical doduction from the whole premises is that the republican party have demonstrated that they are as incompetent to govern the country in its finances as in its politics, and that the sooner the President accepts the resig- nations of the radicals of his Cabinet and calls capable men from the ranks of the conserva- tives to fill their places, the better for bimreif and the interests of the nation. The Great Conservative Reaction. The countor-revolution at the ballot box has at last culminated in the breakiug up of the radical Cabinet who threatened the destruction of the constitution. Had not the voice of the people in the loyal States been so decidedly mands upon the treasury beyond tho possi- bility of provision for them under existing the slightest sense of shame, they would not wait for a hint from Mr. Lincoln, but would speedily retieve him from all embarrassment, and leave the ground clear for the construction of a now Cabinet of better materials and on a broader basis. If they will not yield to publio opinion, we trust Mr. Lincoln will soon compel them to do so, to the great joy of the nation, and that he will at the same time send General Halleck back to San Francisco to practice law. But the President's duty witl then have only been bslf performed. He must build up, as well as pull down; and it will not do to dis- place one set of radicals in order to make room for another set as bad, if not still worse. That would be like the man out of whom the devil was cast taking seven other devils, so that his last state was worse than the first. What the President is called to do by the voice of the peeple and the voice of Gud is to select capa- ble, conservative men, if such can be found in the republican party, and to add others from outside of that party—in fact to erect @ national Cabingt instead of a sectional one. Thus, by a coup d'etat, a single effort of the wilt to cut loose forever from the radicals, Mr. Lincola may make himself master of tac legislation.” He says, however, that if Congress will only adopt the measures recommended in his annual report all will go well, and the com_ plaints about delays of payment will soon be removed. But his annual report is a tacit admission of his former ignorance; and what confidence can Be placed in the soundness of | The high minded leading republicans in Con- his new propositions? His report shows that bitter experience has thrown a glimmering of | 4r@ “exasperated” against their party. expressed in the elections of October and November, and had not its echoes contin ued to reverberate: from hill to val ey throughout the land, even the catasirophe at Fredericksburg would not have had the desired effect. Bat thé progress of the conservative reaction is irresistibte. for the great reunion which sooner of lavet | must be the result of the conservative reaction® North, and is sommeneing ork its way* at the South. How much betier this solution sf the dark and diffieult problem then ¢0 continue cutting each other's throats for the benefit of the Western Powers of Europe. Rusdia gives can the bettor rely ‘becnuse it is entizely disin- terested. The republic is not lost. Thegame is still in owr own hands, and must be wen, if Mr. Lincoln will place statesmen of expaisity in the seats of the disrupted cabinet oi” \Aaat week, i Tho New Cloud in Karopeam Afatre-' The Greek question promises to be to Europa, - as fruitful a source of complications as the nig: ger has proved here. Public feeling in Hellenic kingdom has become so irritated by’ + the opposition offered by Russia to the nomina: tion of Prince Alfred-that a plebisette lias boem insi:tod upon aad obtained by the people; and at the last accounts the voting was going unanl> mousiy in his favor. It is to be-presumod that? matters would not have been allowed to take this turn unless the English government had’ been sounded as to its willmgness to permit the Prince to accept the nomination. There are some strong political reasons why it should do #0. The Tonian Isles’ have becn a continual source of trouble and perploxity to it sinee established jis quasi protectorate over thent. The people of these dependencies feel that they belong by right to Greece, and they will never rest ratisfied antil they are united to it. The election of Prince Alfred to the throne vacated by King Otho would offer a ready solution to t-e embarrassments caused by their discontent at their present position, and their craving to form part of the Greek nation. Their territory, such as it is, would constitute a handsome dowry for the young Prince to bring to his new gress candidly admit it, and say that the people The light upon the Garkness which enveloped his | Country is dissatisfied with the conduct of the mind when he assumed the responsibility of | Wr, with the tremendous waste of vast re- indicating the financial measures necessary te carry a great. nation through a tremendous sources, with the utter mismenazement of the finances of the nation, and with the revolntion- war. He.is coming round to the ideas which we | 4TY, unconstitutional and despotic proceedings offered for his guidance, and which he then re- | Of @ portion of tho late Cabinet and the radi- jected; but he is only doing so by hatves, and | Cals in Congress. altogether he is too slow for the crisis, Mr. Stevens is equally at fault. He, toe, anticipates “a terrible crash” and “a general That political charlatan Wilson, says that the result of the elections must be al- tributed to the fact that the republican bankraptey overtaking’ the nation” if the: pre- | Voters have all gone to the war, and sent finanoial system is carried out; but he says the democrats have remained at home. Tho “he hae little expectations” that measures will | fact is precisely the reverse, and three-fourths of be adopted: to prevent it. Indeed, from all ap- pearatces, we are inclined for once te agree with Stevens. There is little to be expected | have veted in the late elections. from a Congress so corrupt, so ignorant and so fanatical. Mr. Stevens is very indignant against the army to-morrow, if-they had a fair chance of @ free ballot; would vote as the majorities the preponderaace in the rank and file of the army were republican, why should the troops At former figures. Tallow was active and steady. The | situation, save the country, and cause despa ee rie, Bosna = _ batho 4°; | to give place-te restored ounfidence in the pub- hele Ae $ i oo “| lie mind. The peuple have not lost faith in The Crisis im the Cabiact=The Duty of re mee Serny Be ceeolunon ae sk Hy" the President, ing hour will the complexion of his own future We learn that Secretary Chase and Postmas- | #4 of the future of the country he decided. A ter General Blair have also tendered their resig- | 8teat opportunity bas arisen to Mr. Lincoln, nation, as well as Mr. Seward, but that up to | Which, if greatly improved, will make him the uoon yesterday the President had not accepted political snvieur of the republic, and his name of the tenders of either. It is stated in one of | Will be remembered with gratitude by geve- our despatches that the resignation of Mr Chase | Tations yot unborn. If he fai.s to s¢e and to the letter writers of Washington who exposed vote otherwise? Would they vote in favor of his bill, andthe: money editors throughout the shoddy and other corrupt coatracts which cheat country who commented upon it. He says they them of their clothing and their food? Would either misunderstood or misrepresented: his | they vote in favor of a Secretary of War whose views. We think it is very questionable | ™i#mansgemcnt has cost so many of the lives whether he understood himself, and. there- | 0f their comrades in vain, and has caused the fore it is mot at all wonderful if | failure of the best planned campaigns? —Vote others should misunderstand him. When | in favor of a minister who left so many of the Chairman of the Committee of Ways and | them without winter clothes? Is it credible Means could seriously propose in @ bill to issue | that the soldiers would vote in favor of the “g billion of bends,” and, after the comments | Pernicious influences which deprived them of | terials, he may lose the support of the people | takably indicated their seatiments in the late | listen to the voice of the people who elected has followed as a consequence of the resigna- tion of Mr.Seward, from the conviction that the withdrawal of the latter from the Cabinet will have the effect of completely embarrassing all financial operations of the government in this city and the other great commercial centres where alone money sufficient to carry on the war can be found. It appears that the President is puzzled by this crisis. He fears if he gets rid of the conservative element in the Cabinet, or does not reconstruct his Cabinet of conservative ma_ ofthe States of New York, Pennsylvania, New Jersey and other States which have unmis- elections, and that without their cordial aid the struggle for the Union could not be success- fully carried on. He fears, on the other hand, if he obeys the popular will and severs his con- nection with the radicals, that they will em- bavrass his administration and thwart bis efforts to restore the Union. Fut the clamors of the radicals in Congress and out of it ought not to be regarded by Mr. Lincoln, His duty is to hit. {t ix said that matters assumed a more amica- ble shape last night, and that, for the nonce, supported by four prieces of artillery, recon- | noitered General Van Clove's position, but were | driven off after the exchange of a few shots. | Confirmation is reecived uf the reports of the re- | inforcement of the rebels by Van Porn. Twenty rebels, in Union uniforms, attacked dispersed. General Bragg complaims that the country for wiles around the military stations is full of officers | nd soldiers, visiting, loitering and marauding. ‘The railroad bridge over the Tennessee is com- pleted, and the trains run through on a)} the branches of the Neshville and Chattanoga road. Despatobes from Cairo state that @ body of re bel cavalry, variously estimated at {rom two thoa- wand to eight thousand, mace a@ raid on the rail- road, three miles from Jachsvn, Venu., uy morning, After firing inte a train, they tore up the track for a considerable distance, aud burned & long tresite work. The operator at Trenton yesterday evening reports an attack on that place. ‘There has been conriterable excitement at Colum- ‘us in anticipation of « rebel visit to that place. The latest letter of the London Zimes corres. ondent at Richmond will be found in our columns to-day. It is dated December 5, previous to the vemoval of General MoClellan, and ir, 08 usval, as strongly abusive of the North and the cause of the fovernment, ag its tone is encouraging and fixtter. dng to Jeff. Davis and his party. The annihilation of the Northern army is boastingly predicted, and the valor, strength and unity of the South, men, women and children, black and white, clergy and ‘Jaity are landed to the skies, We give @ very interesting chapter to-day from the rebel eorrespondence found in the Post Office ‘at Kinston, North Carolina, The letters contain ‘bome curious incidents of the war, and will be Sound SBT WM: pernsa). General Negley’s body guard yesterday, but were | } peace prevails, though the danger is far from ov The President declares that he is the only judge of the conduct of his advisers, and | refuses to accept any dictation whatever. So at least it appears by Intest accounts. The crisis in the Cabiuct is also the crisis in | seize the advantage now presented to him he will look back with unavailing regret to the Christmas of 1662 as the aarkest and saddest period in hia history. It has been well ob- served by & philosophical poet that “there isa tide in the affairs of men, which, taken at the flood, leads on to fortune,” but which, if neglect. ed, leaves them stranded wrecks. Now is the high tide in the administration of Mr. Lincoin. Let him take advantage of it before the ebb leaves him high and dry on the shore. Tue Japanese Girt vo vue Pouice.--It will be remembered that when the Japano-e envoys | quitted this city on their return home they leit | a large sum of money to he distributed among the police, in acknowledgment of the attention and protection which they received at their | hands. ‘The money was given to the Commis. | sioners for division among t!« ht it bas | been ever since retained by |! ground that they were bet entitie ve tbat it | would be best to make & ie 4 it, ‘This bas naturally given great di auction to the force, and throngh some foential partics | they have made arrangements to bring the miat~ | ter before the Legislature, to compol a comi- | pliance with the intentions of the deaors. On learning this the Commissioners took steps to deveat the movement by having « petition, | purporting to originate with the ia¢ sent for signatures to the different pre- | | cincts, praying that they (ihe Commis. sionera) “would use the fund for war to which the. the Presidential term of Mr. Liucoln and the | might see fit crisis in the destiny of the republic. Upon the | jag the pet | evente of a few days hang his future good or evil fortune aud the weal or woe of the nation. | The radicals in Congress have forced him | ¢.49) 6 to the wall by driving ont of the Ca. | peadquart ‘Dinet ite only conzervative member—the ‘galt which saved it from destruction. As every man pushed to the wall by treacherous sine ought to do, let him strike hack with The radical conspirators seck to kill vigor. him politically, and with the same blow to finish the cause of the Uniou, Mon which they have already inflicted so many fearful wounds. Seward ont of the Cabinet, iu order that it | might be a unit, and that their revolutionary | and destructive schemes might mect with no opposition from the commanding influence which his talente and antecedents necessarily | pose, and they have not and eaunot acqttire any ' Congress is in grea! part trae cannot be denic gave him. So long ago as the beginning of October Inst we divined their machinations and) tyeip Joyal responsibility in connection with it blunder, made red predicted the present crisis. That the radicals haye been only too successful, the compelled resignation of | Mr. Seward, which is said to have been with- | dvawn last night, is the conclusive proof. To \bim they have attributed “the failure {of the administration,’ when it is noto- tions to the world that he is the only mom- ber of the @abinet who has conducted his department with success, having, in despite of the gross mismanegement of the War, the Navy and the Treasury Departments, and the disor- ganizing measures of Congress, staved off foreign intervention, continually threatened in consequence of the repented disasters, re- pulses apd delays to ow orms. capead hy | to us Their policy has long been-to force Mr. | purposes or any other y Ace n was an order to the capt get all the members of their command off their claims t@ the fuod, and in rd the names of the recusants to rs. hare the facis, ae they have been stated of this singular pre | be expected, they bave excited « strong frling | | of indignation and dissatisfaction amongst the men. ‘they feel theie injustice all the more | ‘keenly from the levy that bas already been wade upon them for one of the purpo: wiich are made a pretext for wilbholding ¢ from them—namely. the providing Certainly the Commissioners have t fiom its original object this puto them for a specific pur: | teg | no right to diy | fund. it was | discretion ag to its allocation. The proof of jv to be found in the fyet that there is | hot a man who has Yeti or Geen dumised the | force since the money was donated that could not obtein his share of it by sueing them. The sieps which they are stated to have taken to absolve themselves frem this responsibility suggest the suspicion that the money has been already spent. Should this turn out to be so, the public will insist upon knowing to what purposes it has been applied. In view of the fate of the Irish rebellion fund, of which the subscribers have been unable to ob- tain any account from Greeley and his associ- ates to the present day, the parties interested have a right to insist upon an immediate answer to these questions. | dollare would be ve hundred billions. w* £0 | confine him in a strait jacket. and send him to ign | a lunatic asylum. of ree |g pier ilies of the members of the police , in the Heranp and other journale upon. such downright ignorance, could persist, as. he did in his speech. on Friday last, to talk of issuing “g billion of bonds at six per cent,” and “a whole billion of bonds,” it must become: dent, even te a school boy, that he-knows no- thing even of the elements of arithmetic. If he means by @billion of bonds a billion’s worth of bonds—a very ungramatical and obscure mode of expression—theg the annual interest at six per cent ona billion of dollars would be sixty thousand millions, or five times the amount of the real and personal property of the whole country, from the AUantic to. the Pueific and the Rio Grinde to the St. Lawzence. A billion, according to Dr. Johnson and all other authorities in England, and Webster in America, is a million of millions—in numerals, 1,000,000,000,000. To count such a sum of money at the rate of two hundred per minute, and twelve hours in the day, would require near-, ly twenty thousand years. Butif he means that a billion of bonds is xeully a billion of bonds, as the colebrated Irish member of Parliament, Sir Boyle Roche, understood his subject when he proposed that “every quart bo shonld hold w quart,” then a billion of bonis is some. thing almost beyond human conception. Sup- pose the bovds ranged from $50 each up to | 1,000--say $500 average —the total amount in Lot | Mr stevens aticwpt to realize that sum, and | before he does his head, already addled | by insane politics, would be complete tara aud it would be necessary to No wonder for even the the leading organ of the radicals, to ad- mit, inanarticieon “the House committee's new Vinanoe bill.” that it “did not know that it quite | understood Mr. Stevens’ fiaance moasure.” The and, as unig ht | presenting as it does a commer- iged thus to protest vehemently ipal feature of the bill: Ap to the pop chauye of base’ of our public dent tho payment of interést in specie to a pagr n we dread and must resist it. same journal, to aiepraee Tt isan t which cannot, in the 10 W to res | of things, succ« oo barely escaped thie abyss last yoar, it me us all into it now, the . tl we shall a t rr {Phat the indictment of Mr. Stevens against that the twenty year bonds were, by # sinpid ! government in fiv ars, thus causing uncer ‘tainty and the depreciation of their value hy | five per cent—honds of long date being more | | valued for investment than short ones; that Congress idsued two kinds of bonds—~one sort paying intorest in gold, and the other not; that the refusal to pay specie for the government demand notes while gold is exacted from im. porters, which has the effect of raising the tariff thirty per cent og the consumers of throughout the country for the benefit of the manufacturers and miners of New England and Pennsylvania; that Congress has oponed for the brokers and bankers a mine of wealth by the sale of gold, by which they will he enabled to double their canitel in three scm DH | ventions. As the war is now ranaged on either | side it would never have any resuli—it would mable at the option of ihe | their best and most trusted general? In fine, would freemen, beeause thoy are soldiers, vote _kingdom. This consideration hes also, no doubt, had its due weight with the Greek peo- ple, and hence the unanimity with which they vote for him. re it romains to be seen whether England will allow fhe consequences of a misunderstanding with Russia and France, as foreshadowed in the protest of the former, to outweigh. the advan- tages offered by her acceptance of the proffered throne. We are disposed to think ‘she will not, The protocol signed by the protecting Powers fin 1830 does not embrace-in its provisions the case of a prince selected by the free and uncony trolled voice of .the Greek people, and she will not therefore allow herself to be intimidated into the renunciation of @ right left wholly un- But, even. if | touched by that instrument. Her pride and the iutorests of her Queen’s family will lead her to firmly resist any dictation or interference on the part of Russia or France. Here, then, we haves powerful motive of estrangement be tween her and the governments in question, whilst at the same time it will have the effect of causing a closer rapprochement betwoen the latter. This cannot tail to affect favorably our own interests. In the.first place it excludes all chance of unity of action between England and France-in our regard, and in the next it will incline the latter to the policy pursued towarda us by Russia, which has always Leen eminently sincere-and friendly. It is stated, on what is believed to be good for lettres de cachet. and all the appliances of | #uthority, that Louis Napoleon intends to make European despotism? Is it reasonable that | 4 second offer of mediation in our affairs. It ie they would vote in-favor of a Secretary of the | 20+ improbable that the result of the Greek Treasury and a majority in Congress who have election will alter this determination; but in so bungled the finaneial affairs of the country | 42¥ caso we may as well assure him beforehand that, in despite of: boundless resources, the sul- diers are left without their pay for “want of funds?” Citizens do not change their opin- ions or lose their intelligence when they enter that he may spare himself the trouble of any further efforts of this gort. His persistency in them is based, we understand, on the idea that, the democratic party being now in the ascen. the army, though it is stated great eTorts have dency, it will be ready to embrace almost any been made to keep the news of the recent elections from the troops. Now, in the South, the same reaction is be- ginning to develop itself against the swind- ling goverament of Jeff. Davis & Co., and will at last sweep secessionism before it with the besom of destruction. The Southern people see that the war has been mismanagel at Rich- mond asit has been at Washington, and that corruption has revelled in both cities. Their eyes are being gradually opened, and there is good reason to believe that the day is not dis- tant when they will openly revolt against the tyreats who fule thom with a rod of iron and foree them to continue a hopeless war. Al- roady they are talking of armistices and con- ouly entail a uscless saorifice of human life, the waste of vast resources, aud terrible snfler- ings and sorrows. 1b would, in faci, become a | war of rautual exhoustion. How much bet- | | ter, therefore, for both to make peace and juin | fident hands against the common foe in Europe, | is stenlthily preparing to crush the Liber | North and South alike. Especially is i for the ' Southern people to consider that it is not pro- | bable that the war on the side of the loyal | States will always be waged with such inca- | pacity as has characterized It during the last | eighteen months. Let them understand that means of putting an end to the war.” There can be no greater error than this. Let the nations and governments of Europe understand, once for all, that the democratic party can recoguize but one means of terminating the contest, and that is by such a vigorous pro- secutigp of the war as will compel the uncon" ditional submission of the rebels to the autho- rity of the government. We require the offices of no foreign mediator to help us to bring about this result. Let those who exhibit euch officionsness in our regard see to it that they keep their own affairs in order. Unless we very much mistake the indications presented by the political horizon of Europe, the clouds that are gathering in that quarter will soon give them occupation enough for their solick tude, The Winter Ca gm Rast and West— What is the Prospect ? The late appalling disaster to the national army at Fredoricksbyrg bas dissipated the con- anticipations previously entertained throughout the loyal States of a “short, sharp and decisive” winter campaign against the re- hellion, East and West, and has brought | the public mind “to such inquiries aa | these: What is the prospect before ust Hf, | with our prevent overwhelming land and paval | forces in the field, we advance only to defeate, | dicusters and disgrace, what have we to expect from a continual prosecution of this war under the conservatives of the No lie are the majority of the people, will coutiaue to prove | cute the war with the utmost viger, till it re | sults in submission to the feders! authority and | the restoration of the Unter as it waa, witter all the guaraatees of the conatitution. Let ‘them recollect that we have over twenty wil- | lions of population, when they heve but five, at che same tie that we have the command ocean. The ultimate suocess of their ony hopeless, Better, therefore, to come to turin and unite their forces with those of the Nc hh | ayuinst the treachermie Powers of Hnrope, | which are seeking to yuln 9 foothold on this ‘ continent, in order te des! 9 mortal blow to democracy. | By uniting the armies of Novtlr wud south, | we would haye « million and a half of wen th arms, with five hundred ships—many of thm impregnable iron-clads--and one hundred, thon- sand sailors. Could such @ force be resisted by the combined Powers of Europe?, By send- ing two hundred thousand men in each diree- tlon—still leaving nine hundred thousand men in reserve to the Sountry against all inveders—we could drive the French out of Mexico, the Spanish out of Cuts, and tho English qué* of Canada, \ fo tons than three monthe, ——-s> the | The men, the arms, such nen 98 Stanton and Halleck? Is there ' any hope that President Lincoln, rising to the | full measure of the exigencies of the day, will 'ineet the demands of the country? Or will he, after the eifpahod and ruinous systezn t) | military operations of the last ton mont¥.s, con- jinne to drag on with this war to the op a of his vdtuinistration ? - : Quesiions such as these are the absorbing topics of the day; but the only man who cam ouawor thers is President Linco, The publio mind. is gloomy; but it does no% utterly despate | whi awaiting the movengent of the waters. | Meantime let as glance over the field, and see, | trom the situation of fhtngs, and the Union forces employed hore and there, what is the prospect of this winter campaign in the Hast and in the West. We have still a great and powerful army in frent of Frederickehurg—larger today than it was on the Saturday morn, ing of the fearful slaughter, but requiring some little time for rest and for the needful repaire of its heavy damages. Whother Gene ral Burnside, therefore, is to go into winter quarters, or is soon to resume offensive opere- tions on the Rappahannock, or from some othey tare of operations, We capyot tell, It will suf | which has aasde euch tag sagen at the © us sincere and whe, counsel, upon which we »