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\ ° 4 NEW YORK HER JAMES GURDON BeNNENT, \ EDITOR AND PROPRIETOR. Orrick X. W. CORNER OF FULTON AND NASSAU 87. ‘TERMS cash in advance. money sent by mail will be None but Bank bills current in @1 the risk Of the sonder. New York taken. THE BAILY HERALD, ‘aree conis per copy THE WEEKLY HERALD, every Saturday, at Five cents Pereopy. Annual subscription price: One Copy... Three Copies. ‘Any larger number, atdressed to names of subscribers, @2 50 each. An extra copy will be eont to every club of tea. Twonty copies, 10 one address, one year, $85, a04 | Crate,” who were probably clect ed @y.cep ““Plican ny larger number at same price. An extra copy willbe | votes, side with the democrats pr Dper, & ad the wont to clube of twonty, Thess roles make th: WEEKLY Hen at the cheapest pudiication in the country. ihe Kororsay Evitios, every Wednesday, at Fivk cents per copy; $4 per aunum to any part of Great Britain, or $6 to any part of the Continent, both to include postage The Cauwyomnia Korn, om (9 Ist, 11th and 21st of | Yard, will have a complement of « each month, at Six cents per copy, or @3 per annum, VOLUNTARY CORRESPONDENCE, containing import: fui news, solicited (rom any quarter of the world; »if SOSPONDENTS ARE PAMTIOULARLY REQUSSEED TO SEAT, rig: “8 ‘vRER! AND PACKAUES SENT UB. NO NOTICE taken of anonymous correspondence. We 40 not return rejected cotanutnications , Volame XXV, AMUSEMENTS THI8 EVENING. MIBLO'S GARDEN, Broadway.—Afiernoon and Even- ing FAUST AND ca RGUERITE, a ALLACK'S THEATRE, Broadway.~iyvisiaue Hos WINTER GARDEN, Brondway <1 — w PUNTER GARDEN, Bronaway —Laxzs oF Kruianxer- LAURA KEENE'S THEATRE, Broadway.—Buoxoorrr. _ NEW BOWERY THEATRE, Bowery, —A“ternoon—Santa ous ao sa Le—HanERQuIN Jack SUPP7ARD. & LaUeRGsNG THR Woxp—Day 1 Suxerann, Loou—B ON 17 ILo.t—MOrakR Goosx, Eventn| Rep Kivixe Boop—Jace Cape—Motuen Gouse— 2 woweny THEATRES, Bowery.—Afternoon—Litrix Reb rt Seitries @RRMAN OPERA HOUSE, Broadway.—Tar Poscuen, BAKNUM’S AMERICAN MUBE! road RACH’: PREFORGIAG BEAR atae Warorexvre—ony wud bv SRYANYS' MINSTRELS’ Mechdbics’ Hall, 472 Broad. way.—Etu101 NGS. —— rian BoxGs, BonLeseves, Daxces, &0.—BLAck ALD. o2 5 tc, “LLANEOUS NEWS. The steamship B Orleans on the I Havana on the 19th | yesterday. The news ing. it will be found dem | correspondents" in axiota Paper. From Havans weh j aSpanish steamer Noc Dem Ja Wing near Cienfuegos & ch, Albany Argus classify members of the Legichvture of 7 ro of 1,180 negroe: this State as fol lows:— Senate, House. ministration that thie public sentiment is stern- Damocrste. see i: = 8 | LY opposed to the comversion of this war into ee 3 56 | an abolition crusade, and equally opposed to Independent... | _= | the retention in power of the abolition matig- Total... ecesreee aan2 128 | Bants to whom all the misfortunes of the war —Sheuld those who are. termoll ‘Agnion demo- | may be justly charged. Let him boldly advo- ‘independent’? Senator fall in wit & the re Publi cans, there will be a tie on joint bull ot Itis thought that the most of the M sssachm (ets + comma 108 t brigade of deserters have joined new and received new bounty. The steai frigate Minnesota. new be tg rapid '¥ ves., Now, 9 fitted for sea at the Charlesto» ee 4, dnch and! nine-inch guns, with pivot Parrotts of § wnensely heavy calibre. Amoricen silver is four nada. The time for the execution of the thi. tty-nine Sioux Indians in Minnesota was postpenot! by the President from the 19th to the 26th dnstams, — 24, if not again put off by Mr. Lincola, thay witb & hung to-morrow, at Mankota, under the direct lon % Col. Miller, of the Minnesota Seventh, gregisne at. ‘The stock of whale oil on hand inéthiseco «ntry at present isles than it has heen sitce M553 S It was then only 8,210 bbls. It is now about 1 $000 bbls, Gonoral Schotield left St- Loaisiom, the 26th i Bt to resume command of the Army of Pthe Front ler. He has been absent someNweeks, fonaccount of sickness. * The Grond Jury came intod the Co art of Genes cat Sessions yesterday, with a oumber of indictmen ts for minor offences, and gwerey thea discharged fo the term. The celebration cif the Christuag hol. | days, and the consequerit sospens ion of business have necessitated am adg punament+ of the investig: tion ‘ato the legality of #the slate arbitrary arrests - until next month, whe alk the papers relating to > the matter wil!’ be sued itted to tl ie next panel of Grand Jurors by the Bis trist Att: ney. ‘Tho stock market’ wae y cery dull & adeed yesterday ang prices generally werelowa! . Money’ was werth 6 per cont oncall. Geld sold freely m :182,and exchange wat quoted 146 a 3¢ without transactia 2s0f'ny moment. The cottormarkes wast ium onV fednesday, snd saleg per cent Uiscotr at in Ca- WOOD'S MINSTREL HALL, 61¢ Broadwoy.—-EBrmorian G4, Dances, &0.—DiNORaH—Allernvon, aad Evening. BUCKLEY 8 MINSTRELS, Valace of Music, Fourteenth | were in fair Qemand aud.s ‘ero ste atreo!—Ergioriax Sones, Dances, &¢,—Lucritia Bonara an@resales, amounting % 1,200 alos, wore reported ab 660, a 68%y0. for middling . Floury , wheat and corn were in more request at advange ng rater Pork, beet and lard . Bacon waa active , teas, spices, hemp, and firm. Sowars, riee,$ molaset BROADWAY MENAGERIE, Broadway.—Livixe Witp 1e| Rides, metals; oils; flaky Jewher and wool were in slack ANIMALS. AMERICAN MUSIC TALL, No. ate, Paxvowtans, Bunuesaes, We, PARISIAN @ABINET OF WONDERS. Broad ‘Open daily from 10 A. M. @10 P.M. oe : sia BOOLEV'S OPERA HOUSE, Songs, Dances, Buutesaces &c eure : aitorne ZUM, Broociyn.—Geo. Cumrsrr’s: Muberrets— CAMPBELL 8 MINSIRETA. Honse, Chicago. New York, Thu: suay, Decomiper 35, 166% THE SITUATION There appesrs to he no movement to report on the part of the armies on either side af the Rappa. hannock ye.te day. the recent successfal expedition of G ensrel Fos- ter in North"Carolina ocespies mugh ol” the public attention. It is a consoling owiitrast to the affair at ‘woh to restore they prestige of’ success \* deb has heretofore sati:nded our sarms. We ‘om Binue to give toxlaytihe story of thet campaign, as turmshed by ow’ stuiy correspondelate, resum «ag from the) battle at Kinston, The fmap, which accompanies our account embracesall the im- portant points assailed and the railaoad bridge: destroyed. Gen. Foster arrived at 8 ortress Mon roe on Tuesday morning, His sce Sate returned safely to Newbern, with little loss compared withd the objects effected. The only news from the Southwest of any ‘mr partance is the destruction of the Union gunboat Cairo, in the Yazoo river, by the explosion of a rebel torpedo. A Jarge rent was made in her bot- | tom, and she begay to fill rapidly, The crew, however, got all safe ashore before she wont down, although with some difficulty. Other torpedoes, in the shape ef ordinary dimijohuy, filled with combustibles, ae fleet, and taken =p withont doing any mischief. , By the arrival of the steamer Bio Bio, fromuy1s vans and Key Wes' Our Key West thet eleven vessels of G passed that point Che-Kian, Potomac and Georger Creek. Colonel Morgan, of the Ninetieth New York mandant of Key West, has been regiment, the com superseded. We publish in to-day’s issue additional articles from late Richmond papers on their reeent victory ov ly hope for better things in still hoping for a Isareon this} | 'Y at Fredericksburg. ‘The rebel journal | | sauge is the councils and general programme subject particularly exuberant in spirits, and thelr 1 ¢ \¢ tie administration. In this view, the day is 444 Broadway.--Ban- ,| in tallow, hay’and hopes ) wnife was steady and moder# tely # ought after. There wer? BrooktymaHrmoriee lone state of the! Con Fredericksburg, ¢an@ does daebt isponding ; bef wero discovered by oy r t, we are placed in possesion of letters from our correspondents at those pa@inte. letter of the 10th mentions the fact | bre tie} eneral Banks’ expeditions | pyre to t on the %th, bound westward Among them were the steamships North Ster, ‘ request and wore heavy.‘ There’ was considerable activity rm quotations. Whiskey 3, politically, the cratic partisan trickery. His antecedents are ‘o Bio, Captain Drew, from New | simply those of a shrewd politician of the Re- 4, Key West on the 16th, and | genoy school; but he stands now before the inst., arrived at this port from Key West is interest- viled in the letters of our or part of this morning’s ave the report that the ti bad succeeded in country in the more important character of a Tepresentative of the popular will of the Empire State in regard to the prosecution of this war. Let him be admonished that his proper course is to rise above all considerations of party, and to endeavor faithfully to reflect the public sentiment of New York and the other Central j- | States in his inaugural Message. Let him indi- cate to the Legislature and to the federal ad- ae cate the prosecution of the war, not for negro emameipation, but for the restoration of "| the Bion; let him strongly suggest a recon- struction of -the Cabinet, and’ a new arrange- ment of the Jeading generals of the army, in- cluding the regall of General McClellan, and, with the new censervative Governor and Legis- lature of New Jersey to back him, Governor Seymonr wilf be ‘heard at Washiwgton. The occasion inwites him to ge still further. Barneat, united’ and inifexible in their resist- anve aa the rebdls anpese to be, we kaow that enough to say that a little more attention on | behing the sickening pretence of 4 the part of the Secretary and his colleagues to | we warn President Lincoln to beware of the the well known Cromwellian maxim might havo | disastrous result, There is but one true, plain, insured the fulfilment of this cheerful and | safe, constitutional, conservative course now spiritually insptred promise. : Our Great Vietovy at FrederickebargoA Napoleon Pound at Last. Itis undoubtedly true thata country does left for the admfiristration. Will the President take thie course, or will he lead his administra- tion, as Burnside led our army, to a Fredericks. burg—vietory ? not recognize its greatest men until come umex- | Napoleon's Policy Towards the Seuth pected cireumstance reveals them tothe grati- tude and admiration of their fellow citizens. There, for example, is the'femous chirepodist, might never have been known te the world’ had base from this city to Washington, operated upon the toenails and bunions of President Lia- these great personages tie gloriogs certificates knew that we had won @ great viptery at Frede- vicksburg, and had at leet found our Napoleon in General Burnsidé, until we were favored President, the Secretary ef War, the General- inGhief and the radical Semators and journal- they age impoverished and nearly exhausted. Overwholming asgre?the military forces, facili- ties, memus and reqoutrces-of the loyal States, we know that then’ people are becoming sick of this desolating, cosfly and unpromising war. | Accordingly, le? Gegvermor Seymour throw out the proposition for @ convention of all the loyal States, and a free invitation to the rebel- lious States to partichoate in said convention, and who knows but th:at it may turn aside the destructive forces of tly is terrible war into the channels of an honorel le and enduring peace, upon the broad platfon a of the constitution of the United States? Ati all events, we are fully impressed with the belie { that Mr. Sqgamour, as our Governor elect, in v iow of the public sen- timent of New York an d the pewerful centyal loyal States, of whiel he is the mest prominent «ip Tepresentative, occupiest a most advantageeus position for giving the proper shape and dinec- ‘tion to the futume policyesof President Lince ln; and we hope, aowordingly,, that the opportwaity which is thus presented for the good of the country and afiasting reputation of honor: ard gusefulness willgnot be lost. Let Governor our lead thet way, and an extra sesv¥on of ‘ongress, with{ a new conservative House of Represontativds, may work out the Pnation’s deliverance. — : Generar MicCimiian am THR, TyeivavraR Campaics.We = publish: in another column this morning a very remarkable narrative, written by a Prusaian. officer of’bigh rank in the rebel service, who has just s:e/.urned to Eu- very, light engagements @ of fr@ ight effected, though rates | rope On furlengh, and translated Zor the Hrrary were in favor of abippeg i. i resy What is tho-stater of { our prospects? WV few af the-sacond:yearr of f Imes expended ew er + mouez; two hunl tred have been sucrifiey od ix the Uniqnfcaase: 9 ere by army of a millie a of numbering betw een vessels of war,é and’ men; we are @ pend millioes of dell ars ¢ foe anet] ser t sects t he war; the governmen' 1 thousand milllong, men in the fleld, @ nav, people; fin ca ater burdens, sad @ fishe and frilmres,: we \ our peospycts 1 Under the ex! we aap «nly ant glowmy emow battles; (the Un locigme at he gps State; severe Bde have een 1 tole cecomaplishe dm through the eru only one hv pdr ington, reir aiar ing effort tp xe in disappodate violent nad fe Inst Congress classes in the | resistance to | repulse of th | has revived early settl \ through Ex reason to * heavy ané iriened by repeated disaster sting condition of have effected lop forces atof the rebellion. ed and twenty miles from Wa: ent, disasters and disgr have fused all paviies and meet Louis Napoleon as an acti of thet | ebels, or submit to his sugyestions peace? pon the basis of an iudependent Sou em 60 ufederacy. Bat under the controlling abolition radical influe noes of the present Congress aud Cabinet, pase an only expect @ continuance of the blun- atry—What Are Our thousand loyal soldiers 1 their heroic devotion to | every line of it from beginning to end. ave, in ronnd numbers, aa three and four hundred smploying thirty thourand | often brought thé country to the brink of rnin. ing hardly less than three | The vast majority of the people of this country day, and, while « bill pro” housand millions of public sre Congress, our tax paying | ral. The soldiers of the army which he oreated, plation of all these heavy | and which never fails to do him honor in every carnestly inquiring, What sre | fairly idolize their true commander. things, wer that our prospects are We have fought many bloody nd ibere in every rebellious mbtful States, by hard fighting: Imed, and yet we have hardly ove than # break here and there Its heart, untouched, and each sueceed- ach It has thus fer only resulted The satical abolition ineasures of the sand disasters which have thus far been the its of their pernicious fanaticism. We can editors have beca reviewing their classics and history to find parallels with which to compara their victory over the blunder of our commany ing solace themselves with the reflec: a cam the “biggest” battle of the prose ¢ voice of the great Centre} States, as expressed : mn ote for their shai ,, | 1m the kite clectione, trom the Hudeon river to war and the “biggest” victory * | the Mississippi. Horatio Seymour, tli elected beaten army. _ | our Governor, will, on the Ist dey of January, The Richmond Enquirer of the 20th BOOB) / icy | i snemit his inaugural mectage to our Stas editorial on the “War andthe Yankee Geer / ale,” Legislature. Now, here will be an opportunity in which tho writer, in bis peculiar style, ™ views | which, if wisely and bravely appropriated by the geondact of our commanding general® jp al) the great battles of the war. Ty.0ay8, “If the ay and glorious work of reform at Washing- past is to form any eriticiem for the futexy ¢, Burn- D. aide will not only be decapitated, like ‘ais prede- Mr. Seymiour has been persistently held up esol e i i ry by avolition press as little drawn and quarter d if nn sssors, but will b . politi, to the cou b be cal butchery can invent the méuns. The better than an impudent treitor, as an active ' and defiant eympatbizer with the rebellion, a9 same article conteins © paragu@ph parttcn- a political intrigner, whose associations, in- larly severe on the tactics. of /Barnsize. It | sinces and sympathier are with Jeff. Davis and says, “To jadge of his ability A¢ ® commander his confederates, and as ® submissioniat who is it isonly necessary to state that@rom@be balcony | prepared for peace upon any terms of union or of the Phillips Houee, in Stafford cognty, he sent separation satisfactory to the rebel chiefs a4 his troops to the fight in columns of attack Richmond. All euch aeensations are known to ‘goubied om the centre,’ thus furnishing ready be untrue by the parties uttering them; but in food for every musket ball, slug, shrepnel, canister answer to them, on New Year's day, we doubt t Governor Seymour will fully vindicate him- amd fragment of shell disclerged by the Confede- ~_e ¢ ad 4 rate army.” self. It remains to be seen, however, whether he will rise to the demands of the crisis and the The damnage to FretyAcksbir by the shell of Aignity of the occasion as a statesman, or will the Cnion battertes iy ertitoated at seven bundred pnd fifty tuyunand dy!lats, close at hand when the public sentiment of the great Central States, in a palpable shape, may | be brought to bear upon our honest and patri- otic President. The voice of New York is the sink to the dead level of the Albany Regency or Temmany Hall, as & were exponent of demo- our Governor elect, may open the dour to a | from the Cologne Wardte. The narrative gives, in 8 condensed form, a most vivid, graphic and: picturesque description of thescampaign on the he country? What are | poninsuls, as seen from the rebel point of view. ‘e approaching the end | The passages which we havo italicised are par- it | ticularly hoticgable; but tue whole article is 80 capitally written and, intexsely interesting that our readera should perase and consider Itis a most singulsr fact that all the as- 'y | saalts upon General McClellan have come from the leaders of that radical faction which has so. hold General McClellan in the highest estima- tion as a pure patriot and an uarivalled gene- v8 | battle, no matter how poorly it may be led, The opinion of European crities is exprossed in the pamphlet of the Prince de Joinville and in the narrative to which we have referred. Of Gen. McClellan it may truly be said that even his a | enemies praise him, and that the bitterest op- position only serves to vindicate his fame. The narrative of this Confederate ofti- cer establishes two facts:—First, that if McDowell had been allowed to advance to McClellan’s assistauce Richmond would undoubtedly have been taken; secondly, that McClellan outgencralled the rebels and defeaied iheir best plans, in spite of every dis- advantage and disaster, During his examine- tion before the MeDowoll Court of Taquiry all | recently General McClelian stated his firm be. shi revolted States into the party of | lief that Richmond would have fallen bad the last extremity ; while the late | McDowell been permitted to co-operite will ¢ most powerful army of the Union | the Army of the Potomac. Here in thie narra- | the hopes of the » bel leaders inthe | tive we have one of the oficers in comiman¢ of | @ victory assures us that they must have been oment of the war ia their favor | the rebel forces around Richmond corroborating wopoan intervention. There is every | McClellan’s opinion in the fullest and most sa- apprehend, too, unless we give some | / ierushing blows to this rebellion be- eturn of spring, that Mr. Lincola will | candor. Knowing the plans of the rebels, he ally | praises that cautious advaace from Yorktown tisfactory manner. In regard to McClellan's generalship this rebel officer speaks with equal of which the ignorant radicals assailed. He gives th- | McClellan's genius, ag displayed daring the entire campaign, the highest recognition, aud | dwells warmly and with ehivalric apprecia- | tion upon MeClellan’s “system of defences and strategic combinations,” his “comprehensive forethought, talent and coolmess,” and the pa- triotism with which, disdaining » seltish deat, he did not hesitate “to trust his fate, like an old and gailant soldier, to the sword.” If any- thing could bring a blush to the brazen cheeks of the radical fauatics it would be this praive of McClellan by one of those rebel officers who admire and acknowledge his superior ability, even while they are chagrined at the defeats which it has brought upon them Toe Guese Wax He SWANTON ON THN Paxss.—Some newspapers of small sense and smaller cireulation persist in accusing secre. tary Stanton of curtailing the telegraphic des- patches to the prese. We have already defend- ed the Seeretary against this charge and ex- posed iis motive. The intention again is at. wibuted to hint of excluding the Hera» and other conservative journals from the lines of the army. We do not believe that he has any such id Secretary Stanton hus always boon very friendly to the Henarn, and has afforded those connected with it all the occupation and notoriety in his power. There can be no better proof of this than his imprisonment of ono of its correspondents in Fort McHenry, with a view to giving him an importance that he would not otherwise have had, and a chance of obtain- ing from him in » suit for damages a hundred thousand dollars or eo of the money which be made in Californie. Nor has he been backward in bis attentions to the radical organs, as may bo seen by his pious and earnest letter to Horace Greeley, assuring him that the spirit of the Lord was with our armies, and that victory was syro to follow. Peogle are ill natured r tee thet nobody is to binme and that there is } siuce they announce our triumph and the. Presi- heavy loss, and that,-< /a the evlerated: Kin of: France, we had marched avrossethe Keappa- hennock only to march back again; with ten thovaend of our soldiers killed) and wounded, General Burnside himself has been lsbaring under the: curious ides: that he was respomible for some dretdful thing which he calls “the {aire of the attack.’” The rebels areveren now rejoicing und er the-wery | silly, but doubtless agreesbiv, delusion that. they | have agiin beaten beek our foreas. Bub we have been. most grossly deeeived, amd so-have General Burnside andthe rebels. W»- have poor Greeley’s word fex. it that the battle at Frederisksburg was « “gratifying” victors. We have President Lincoln’s eertitmate (58t our appareat repulse was only “an accident.) We have the report of the Senatorial War Commit- nothizg to blame anybody about. V drily, as the poet saith, All things are not what they seew At this Christmas time, when good fairies fill the air, we can hardly wonder at tha: sudden mireele which has shown us the Fredericksburg affair in its true light, and given us.oceasion’ for national joy instead of national sovow. If any of us had previeusly thought of that battle as a victory, we ceutainly regarded it as one of | those victories which, if repeated, would be our utter-ruin. If it has occurred to us.to compare Burnside with Napoleon, it was because Water- | loo suggested itself to our minds. It is true that Burnside cxessed and recrossad the Rappa- hannock, as Napoleon crossed and recrossed the Danube; bat, then, our Wagram is stil! to come. In the midst of the generak regret and despondency, therafere, we cannot be teo grateful for the delightful intelligence that we have won a brilliant victory and found, our true military leader. What the radical Senators and editors do not mow about the-art | of war is of course not worth knowing, and, | dent publicly thanks onr army, there. is no longer room for doubi about the matter. La may perhaps be objected that a victorious army does not retire from, the enemy; but thatis a mere ruatter of miliéary taste, and itis a strong proofof our triumph that we were able to come bacig and occupy the most salubrious bank of | theriver. None but conquerors can take thei® choice as we did. It may be urged that Gene, ral Burnside confesses hia failure and his ing competency to command alarge army, and i- not, therefore, a Napoleon; but, then, the Presi dent, Secretary Stanton and General Halleck know Burnside’s capabilities a great deal bet- Likely to Embroil Him with the Great Powers of Europe. The time has at last arrived so long and #0 Dr. Zacherie, who has for several years bfashed | *"*ously looked forward te by the enemies of aud out, corns unseen, and whose real worth Lous Napoleon. At last his imfluence in Europe is on the wane, and, in the full knowledge of the he notvaken an aceidental hint, changed his | ft, Beis about to make for France a new al liance—about to sever all the bonds which con, nected lim to the other great Powers of Europe colm and Secretary Stanton, and veveived from: | bY entering tuto an silianco which will call down upow him the enmity of England, Russi» of his superhumar-ekill. So, to take another | 224 Spain;-to say nothing of the deadly ani- example, none of us poor, ignorant mortals | '°%ity whidh he will stir ap in the hearts of all loyal Amerieans. We rofer to his contemplated alliance, offensive and defensive, with Davis ‘The consequences of this action on the part of with: the certificates to that effect from the | "*poleon he perforce must shut his eyes to; he is impelled by an imperious fatality, and needs must whan the Devil drives. He hes been ists. The benighted people understood that made to understand that Italy will no Jonger the rebels hud repulsed our army with very yietd to his oppression; that she must and will be free and united, and that in lier earnest ‘de- terraination to socomplish her destiny she will no Yonger broolt interference. Napoleon will bende the storm; he will withdraw his troeps from-Rome. and then, unless he meddies in some other nation’s welfare, he might, in the estima tion of his.people; seem to have lest power end influemee; so he will lend his aid to Davis—a right worthy compeer for Napoleon. The latter killed a vepublic, the former is ent deayoring to imitate the accursed ex>wple; sud together ‘they will endeavor to conquer a vast extent of terrivoxy, and then in ell fairneas— there ishonor among thieves, we are told—they will divide the. spoils: Davis having dominion over a confederney reaching to the Pacific, end Napolgon assuming entire sway over Mexioe, with her vast mineral wealth, Central America and the Isthmus, .where he will cut a canal and take tall from thecommerce of all the world This is # fine, nay, a grand, programme. But the schemes of. Napoleon and Davis do not.end here. If Spain oxEngland take usabrage at their actions, without) further parley Napoleon. will aid his.ally Davis to conquer all the. West india Islands save those already belonging te Erance- Of course Spein and England would resist, but, then, France-is immensely powerful, and. Napo- Jeon must and ean exist but by war. He im- agines, pealiaps, that he could.contend:succoss- fully. against all the forces that might ba-bronght to, bear against him were ke. aided by Davis, who, if his. government wara.once recognized, might fit, oat privateers to.destroy England’s commerce. In these calculatioas Napoleon doubiless: overlooks the power end determina. tion, of the North, deeming its cazeer ended the mosyent the separation, should have taken place. ‘These schemes, if once fully entered into, must bring upon Napoleon the enmity of all Burope, must destroy the hoasted extente cor diale between France and Eagiand, while, at the same time, it will exasperate Russia. Having demanded the joint action of those great Pow- ers in favor of Davis and been refused all co- operation, fur France to aid the South alone would be to overlook their influence and advi and none can doubt that a coolness would | ensue, which feeling would become eter- mined opposition the moment the plans of Napoleon and Davis were developed. A coali- tion would be formed against Napoleon in Eu- rope, in which would 8 England, Russia and Spain, while on this side Of the Atlantic a most | determined foe would defy the united power of Davisand Napoleon. The people of the North— a unit in such an hour of need—would prove to the world what is the reat power and strength ter thau he himself does, and if they say that he is a Napoleon it is perfectly absurd for him to dony it. Itmay be argued that the soldiers genoral, and that, as the veteran Sumner says, the army is demoralized, “there is a great deal too much croaking,” and “there is not sufficient confidence;” but, then, the soldiers are such blockheads that they thought McClellan was a good general, and do not admire Stanton and Halleck, and conseqnently they have no right to an opinion on the subject, and should be coutent to he killed off, ten thousand | dence in these who lead them to the siaughter.. As for the rebels, the bare fact that they claim | Gefeated, and renders the conclusion doubly | gure that we are really the conquerors. It is a matter of great surprise and regret fo us, under these circumstances, that the indigaa- tion of the people is as foolishly obstinate as Banquo’s ghosi, and will not “down” at the bidding of the administration. We grieve ex, of the Senatorial War Committee to whitewash over that “damned spot” of bloodshed at Ire- ricksburg are not as successful as we could wish. We are painfully aware that the people cannot understand that sending a brave ary to do an “impossible” thing, and thus subjecting it to « terrible, hellish, enilading fire, was “not an error,’ but only “an accident.” With bitter sorrow we find that the country will not accept ought to know who is and who is nota good + at @ thwe, without croaking or losing vonti- | ceedingly to record that the ‘splendid efforts , | of a great and free nation fighting fora Union | which they will never allow to perish, despite | the best efforts of such as Napoleon and Davis. It is supposed, and most naturally so, that | the news of the Frodericksburg disaster will ! hasten the actien of France in favor of Davis. We need scarcely add how earnestly we im- | preas upon our administration immediate pre- | parations for a struggle which seeme almost in” | evitable. Napoleon has failed in his efforts to | embroil England in a quarrel with us, He has | utterly failed to induce Russia to act overtly | in favor of the South. and, as a last resort. and { in furtherance of a policy long since conceived | he will act alone in the matter and take the | consequences. He is a bold man, and acts with | conrage and rapidity when once his mind is fully made up; and in this instance he is driven | by circumstances high adiwnit of no ry H ‘The operatives of France are starving, and in that country when the people are hungry they , are bloodthirsty. They always tax their. mis- + fortunes upon their government, and we all know that iz France revolutions are easily Pre complished. Napoleon Js ae well, perhaps bet- ter, aware of. this than any ome, and he knows he must have cotton or perish. | He will thus be driven into an alliance ‘with Davis, who alone can give him cot- | ton. We must not blind ourselves to the inducements which prompt Napoleon to form an alliance with the South--they ave pura. , mount to him—immediate vetief and the future gratification of the national vanity. Napoleon | hopes fo increase, beyond all precedent. the | power and revenue of the empire. and the bait is tempting. Davia arcnres him that to gether they can accomplish the wild, scheme we have referred to above, and it is easy to con- vinee a willing listener, Both parties look » upon the North as exhausted and willing to have | Peace at any condition; and, led away by the grandeur of these imaginings. they scarcely give nx a thought. They ponder more upon the hostility of Europe to these plans, wheree, the yrestest danger they will have to encoan. ter will he from the fully aroused North | Napoleon the Great entered upon his Ressian campaign with vast schemes for foture sg- atandizement and conquest. He was in the {ull tide of power and enceess, and he doubted of nought. Crushed and ruined, he returaed from thet campaign, In like manner the third Napo- | leon will embark inthis Southern alliance for conquest and gain, and equally as signal will be hie defeat. He will have torun counter to the opposition of England, Russia, Spain and the North,and that opposition will crush him te dust, will sweep him from the throne of France, will utterly and irrevocably ruin him, while in the same vortex will be enguiphed Davis—the fit, ting compeer and associate of the man ef De- cembor. Gaeretey on Our Loss at Frevericxsncna.— Yesterday the Tribune expressed its horror of those “Malignant” journals in this citv which Burnside as a Napoleon, bat prefers to take him at his own word, as “incompetent to com mand such a large army.” and demands that, if the administration has any regard for Burn- side’s judgment, he shall he reinstated in his command of @ corps Harmer, and that General McClellan, who “could command the Army o1 the Potomac better than any other general in it,” shall be restored to the position from which he was most unjustly removed. We contess, move- over, that, in spite of our own logic and Gr ley’ logic, and the logic of the President and his military advisers, we feel ourselves impelled by the inexorable logic of undeniable facts to | heartily endorse the popular opinion wpom all these points. We teil the administration that the nation now dewands, requives, insists upon | success; that the en and the means have heen | most abundantty furnished; that the fate of the administration, if not of the government, hangs upon tho events of this. winter, and that the , only man who has yet shown himself able to use these means, achieve the success required and save the nation from ruin is Major General George B. McClellan. The people know this, and are waiting and watching to see what will be dofenoxt. If the administration attempts to go on with its present Micawber policy, smirking with a self-satisfied leer over the admirable way in which it has humbugged the country into a Uttle more patience, or if it again trots out the infernal negro, and tries to bide tts imbanlitw had exaggerated our loss at Fredericksburg. “It is worthy of remark that the correspondents of the Tribune gave a higher estimate than those of any other journal. The Times made the loss fifteen or sixteen thousand. The Tribune's estl- mute was eighteen thousand. Greeley does not read his own paper. Our correspondents esti- mated the loss at from eight to ten thousand and that aow tallies with the official figures. Seornramw Cuase’s Laresr Financia Seurme—A Rercrn to Correcr Prixcirixs,— The Secretary of the Treasury, as we are informed from Washington, furnished yes terdsy to the Chairman of the Committee of Ways and Mvans the plan of finance whith he consider¢ most available at the present juneture. Its main feature is the rais" ing a loam by the sale of nine hundred million dollars worth of bonds, at @ rate of interest no higher than. that which the government is now paying. Congress has taken Ne usual Christ. mas vacation; and of course there can be no action takem on thé Secretary’s suggestion for the next two weeks; but, in the meautime, Mr, ‘Thaddeus Stevens may atudy and inwardly di- gest this financial scheme of the Secretary’s, so sensible and practical, in contrast with his owm vidiculoas proposttion, aud be prepared, at the reassembling of Congress, to reeommend it to his committee: and to the House of Repre- sentatives, ‘The sale of government bonds to the amount. required is, in connection with the tax law now in operation, the only feasible mode of supply* ing the treasury, and at the same time of pro- teciing the country from the evils of such # fur- ther depreciation ofthe currency as the issuing of another batoh of two or three hundred mil- lion dollars worth of legal tender Treasury notes—as is sagely suggested by Mr. Stevens— would inevitably produce. We have little doubt but thas Congress, even with the emall share of business capacity that we give it credit for, will-have sense enough to perceive that Mr. Chaso is right, at least for this-once, and will give tochis-plan the sanction of law. Tt mustibe borne in mind, however, that the govermment cannot expect the liberal terms from capitalists that it has - hitherto. obtained When they were first Called upon. to come te the aidiof the government they were: deluded by the-Seeretary of the Treasury with the as- surance that the rebellion would be crushed out in. the space of three months; and now,. after nearly two. years of hostili_ ties, the countay finds itself no nearer to the object of its hopes and sacrifices. than. it was when the war-commenced. It will ba-impossible, af course, for Mr. Chase or any, body else to persuade the. paople ever again: thet the rebelion will be put down within any short, specified period of time; and we- are pretty confident that nothing less than a recon- struction of the Cabinet with satisfy the cautious business men of Wall street or induce them to invest in, the bonds proposed to be sold. They must be convinced that incompeteats in the council and in the field will no longer be per-, mitted to stand in the way of u&tional triumphs; and, until they ave so convinced, there will be little use in the Secretary of the Treasury send- ing on his nine hundred millions worth of bonds to be negotiated in Wall street. Abolition” ists of the Sumner school may imagine that they can control the policy of the administration; but the capitalists of the country are the men who have really that power in their hands, an@ who onght to use it fitly and well, for their own good and the good of the nation. Wrar Axe tue First Tainas Govervor Sar- worn SHovtp Do.—As soon as our new Gover- nor has completed the conservative organization of his administration he should at once set about remedying the evils that have been in fileted upon us by his republican predecessora, One of his first acts should be to dismiss the present Police Commissioners, who have en- deavored to convert the force under their com- mand into o mere party machine and a meana of defeating the free expression of the popular’ will at the polls, Then he should give the general government a distinct intimation that the great State of New York, which has given such proofs of its loyalty by its immense con- tributions of men and money for the prosecu- tion of the war, will allow no more appoint- ments of provest marshals or arbitrary arrests of its citizens. Those who offend against the laws and the constitution should be deult with as the laws and ihe constitution prescribe. We musg have no more Bastiles and lettres de cachet ina community amongst whom democratic princi. ples ave agsin happity in the ascendant. Govuason AXDAwW DiscovnaGing EXLISMENTA Gover, Lor Anlrew, of Magsachuectis, has again shown his hand, this time discoumging onliztments, by transfor from the volunteer to the regular ormy. It will be remembered that by #n order of the War Denoriment, issued shorsly after the battle of Antietam, a certain unmber of soldiers from cach of the volunteer rogimouts were to be allowod tobe transferred to the regiments of the regular army: ‘Tyie stop wan doeraed pos fe masites aa in the army fo reorutt ep tho new regiments of our per- manent milivary Cores. Governor Andrew, who ts hun- dreds of tiles from the seat of war, and will probably romain so until after his army of nine hundred thousand abolitionists stall have been recounted, sets up his judg- macht if opposition to the War Department and our gene- ssued ® circular, a copy of which haa manding officers of Masea- and in Fe many words in- neo every proper means to discourage 1 men into tho ‘regular’ service from lor your (their) command.” Personal Intelligence. Nix-Preeidout Franklin Perce ig in fown, and is stopp with some friends in the npper part of the city. visited the Artor House on Puesday afternoon, where © under ef old (rionde gave hiw a hearty welcome. Major General John |. Woot will remain at the St. Nicholas for the remainder of the week. ‘ Hon, Chauncey Vibbard. of Albany; Col. Harden, of Woshington; Senator Anthony, of Roode Iviand; T. Kim Der oF ehfladeTehia. on if Grover, of Rhode I-tend, are stopping at the St. Nicbolas Hotei. Col. Charles O, Wood, of Fort Lafuyette; Brigadier General tames V. Sebenck, Dr. C. 8. De Hraw, and Capt. “'W. Butler, of the United States army: W, Ht. Murray, Ira Cook, af Chinagy, Horace Weddell, of Cleveland; rge Lavaing, oF Louisville: W. T. Lovell, A. Horton, . Whi d Ge’ "n Hi, Pook, of Boston, are stop jotel. sand 6 Lropolita I \. B Alley, of Lynn; How. Angustus Frank, of Vorreaw: Huw, 1), W. Govok, of Melrose, Maae.: D. Gotty, viadelphia; Men. Thomas Vormeroy, of Auburn; How. oxford, of Norwich, A. B. 0 De RA Porsy th, of Newburgh Joho Se gg deipiein; Mre, Ho Hy Baxter, of | ; Hon. t. M. Ba- wards, of Keane, N. HB. ; Col. 8. P - Sanford, of Frovidengey and if, C. Jobnson, of Woodstook, Vt., are stopping at Astor / al Relief Fana. International bay My, A.A. Low, Treasuror of In jot Coma. ‘No. 31 Hurling #lip, acknowledges the receipt of tte lowing donations since December 20, 1802 °— Edward T. 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