The New York Herald Newspaper, January 5, 1863, Page 6

“neceasity’' which exists for a course of com- Gis Mola., mostly at B95¢0, Coffee was im fair demand, as ltkewise wert hay, hops, tallow, wool ead manila hemp— the tater article ‘Wy igh as 9)f0. per Ib. Sugars, wor a'moasrai Toque The freight tanrLot wad Toes The Campaigs in the South west—Its Tro” moendous Importance. All eyes are now anxiously turned to the South- wost. The great battles.at Murfreesboro, in Ten- nessee, and at Vicksburg, in Mississippi, of which the secounts are not as yet satisfactory, have deepened thia solicitude. The din of war in the East appears to have been hushed ever the battle of Fredericksburg. The cam; in Virginia is thus far a faflure, and the movement Mr. Bright | of Foster in North Carolina—dependent upon said he still had the utmost faith in the future of | it—has also necessarily failed. General Foater 84.50 cach. An oxtra copy will be went te every ctu of | Re United Btates. He quoted Kossuth, Garri. | acted his part well and won several victories ; ten. Twonty copies, to one address, one year, $85, and | PAldi, and Victo Hugo to show on which side the | but he could not hold what he won, because ’ . 4 Burnside had been defeated on the Rappaban- ‘any larger uumber at same price. An extra copy will be | 8¥mpathies of England ought to ran. He added sout to clubs of twenty. ‘These rates make the Wuanty | that he still regarded “the American republic Wuniegiee vies bdetae tele te ir a the free home of the working classes, with free . ear aner el dee a? peta movements against Wilmington and Charleston 7 There | are no parte of.a plan of campaign, but for would be @ wild shriek of Freedom to startle all | moral effect, and to prevent the blockade being AMUSEMENTS THIS EVENING, the world if that republic was overthrown.’’ run, by taking possession of the forts at those eee Mr. Scholficld, M. P., colleague of Mr. Bright, | points by means of the gunboats. Success in eo declared he would himself voto for the recogni- | these expeditions is therefore of comparatively ¥IBLO'S GARDEN, Brondway.—Favst ano Munaveeirs | tion of the rebel States by England, as did some | *mall importance. The interest in the grand WALLACK’S THEATRE, Broadway.—Paguixe, other members of Parliament in other places. drama: now being performed ona theatre so WINTER GARDEN, The fast Clyde steamer Vulcan had been sold to pith Patience ois ve Laxas ov KIvtaRser—M: the rebel government, and was about to start, reget licllree Socom M pedo “si at ! *| the present in Tennessee, in Mississippi and way.—Janwrlixp— | after having had @ thorough overhauling, on her | Kentucky, and the two States by which Ton- mission. nessee is bounded north and south. Owing The London Times, in an editorial, impeaches' | to the peculiar strategy which distinguishes the veracity of General Halleck’s late official re- | General Halleck and the War Department, the Pogt of the progress of the war, and impugns his 900,000 men who are fighting the battles of the motives in detailing the operations of McClellan's Union are seattered in peranpone: armies all arm around the edges of the vast region of rebel- Q dom. There isan army at Washington and an Mr. Chase’s financial plans are also assailed b: a eaLaniton: Mase: if army at Falmouth, an army in Western Vir The debate on the Mexican war question was Pap Ag bli fe Rar cra ca Moe ha deg PRE aly South Carolina, an army in Louisianar HALL, 616 Broadway.—Brmoran | Still continued in the sac an army in Missouri, an army” in Arkan- MISCELLANE NEWS. NEW. YORK HERALD. | * mon action by the three Powers in this direction. The Paria Moniteur of the 2lst ult. defonds the acc or we Emperor in writing the proposal ror an offer of an armistice, and so forth, lately published. The Moniteur says that some journals misrepre- sent the motives of his Majesty, and asserts that his proposition was well timed snd careful of the “susceptibilities and ‘rights’ of the two bel- ligerents. Mr. Bright, M. P., in the interest of the 92 masses of the people of England, had made a pow. & | erful address to his constituents in Birmingham” in Five Copies. + 8] gy ‘ten Orca’: a ipport of the cause of the Union, Any larger number, addressed to names of subscribers, ee JAMES GORDON BENNETT, wprwon saro. enur SLEDOR, OFYiCk N. W. CORNKEK OF FULTON AND NASSAU BTS. ‘TERMS cash in advance. Money seut by mail will be ‘at the risk of the sender. None but Bank bills current iv New York taken. THE DAILY HERALD, Tunes cents per copy. ‘THE WEEKLY HERALD, every Saturday, at Five couts por copy. Annual subscription price Volume XXVIII i. sessssseseeesscsserseeee Oe ACADEMY OF MUSIG, I Avant irving place.—Ttalian Opera—It. Broadway.—[rist AMBASSADOR— sscurkVOUS VALET. LAURA KBE! EATRE. Br Tas Laon Ea Tee: Breed NEW BOW: EATRE, Man or tux pbeeedl ran eee eee tenia BOWERY THEATRE, Bowery.—Jicx axp tax Buan- STALK. auauan OPERA HOUSE, Broadway.—Masox nD BARNUM’S AMERICAN MUSHUN, BACW'S PRuYORMING BKAKS—LavINtA Bours. Covizmn Bawx—-Day aud Bye Broadway.=Dains- WARREN, 20, a6 all ening. “BRYANTS' MONSTRELS’ Mechanics’ Hall, 472 way —Brtuto) r bee Terulorian Sones, Bueiesgvus, Danozs, £0.—F 10st WOON'S MINSTREL Boncs, Vaxcxs, &0.—Dii BUCKLEY'S MINST: sas, two or three armies in Mississippi, an Brondway.—Emuortax onde, Dusen Fal a The gy FE Hammonia, Capt. Schwensen army in Kentucky, and an army in Tennes- arrived at this port af a late hour last evening. | see, under Rosecrans, second only to that un- —Livina Witp | Her news has been anticipated by the Asia. der command of Burnside: Thus, instead of one The steamship Asis, from Queenstown om: the | or two groat overwhelming armies concentrated 21st of December, reached this port yesterday upon a single decisive point, striking blows ag Open dally ites eae, eae morning, Her news ie three days later. with the hammer of Thor upon the head and the Consols closed in London on the 20th of Decem- anooets SEERA HOUSE, Brooklyn—Brasortan | ber at 92749 92% for money. The Liverpool oot- sce pales ae Posgpenvcat css cma is ton market was fist on the 20th ultimo, and the: | *' a work all aroun: pater — ners quotations of the previous day were barely main- |, like those which a carpet i ie burt” un. 1863. | tained. Breadstuffs were firm, but quiet. Provi--| and the consequence is that “nobody is burt BROADWAY Pree ‘AY MENAGERIE, Broadway.: AMERICAN MUSIC HALE, Luts, Pantqyuocns, Bonrasques, ho. instars alacant PARISIAN CABINET OF y oepans. 63 Broadway. New York, Monday, January 5, NEW: YORK HERALD, MONDAY, JANUARY 6, 1968. 7 - Re most part, continues under the control of rebel- | Another Proposition for Mediation to be Mycting of the stat) Legislatare—Oar dom, will render any essential aid to help them out. By force of arms, and ust by paper Pevvieevtviny Va WE LURULBoUW ws witentet in the field; and after that is acoomplished .’¢ is only upon the basis of the constitution and the equal rights of all the States that the Union can be firmly re-established and internecine strife prevented in future generations. The Reassombling of Congress—The Cur reney Question. After a fortnight’s vacation indulged in by the members of both houses of Congress that body resumes its business session to-day; and, accord- ing to all accounts, we may look for speedy ao- tion on the finangial questions that so vitally affect the prosperity of the country. It seems, indeed, that the members of the Committee of Ways and Means have not availed themselves of the excuse of the Christmas holidays to shirk their official duties, but have been holding sessions and discussing the pros and cons of the finaacial scheme submitted to them by the Secretary of the Treasury. After all, there is just about as much ehicanery as there is stupidity covered up in this appearance of industry on the part of the Committee of Ways and Meam. The plan of operations is already decided ow, and the coun- try may a# well make up its mind at once to see another deluge of legal tender notes ict loose from the Treasury Department at Wash- ington. Mr. Chase may endeavor to render this flood a little tess destructive in appearance by covering up a part of the new issue of @ tiou- sand millions of dollars in the guise of bonds: but they will be, in fact, neither more nor less than paper promises to pay, and will have jast the same effect in swelling the paper currency of the country as if they were legal tender Trea” sury notes, pure and simple. s It is manifest to the’ dullest comprehension that the Secretary of the Treasury is utterly ignorant of the very elementary principles of finance; and yet he is go obstinately self-suffi- cient that he will not look for or take counsel from the'capitalists who have made the science Made by Napoleon. Amnual Me,sage. The Asis arrived yesterday, with three | We lay before our readers our antag daze lets uvwe num Europe. We learn | message on the condition of she State of New” that the Emperor of the French will addvoos York; aud, whether the State is Wiewed in s po- another circular to the courts of England and Ruasia upon the necessity of immediate media tio.” or intervention in the affairs of this coun” try. We are not inclined to believe that eithe” of those ."oWers will return a more favorable answer to sN@poleon than was made to his first demand of a similar nature; but we deem the fact of his maxing this second proposal most significant of an evi! Inteat towards our Union. It is, we fear, the last: move before the recognition by France alone of the Davis government. Napoleon will say: “I ¢ppealed to you twice to act with me. You ."efused: My necessities will brook of no more delaw- I recognize the Southern confederacy. My peo,»le are starving. I must have cotton.” Ou® blockades will be broken after a short pause, { People. a allowing time to England to follow the ex- The complexion of the Legistature is such ag ample France witl have set her. It is for this | to ¢reate the deepest interest in the public mind purpose—the breaking of the blockade—that | as to she course it may purame. The conserva- France has severat of her tremendously pow- | tives have @ majority in the Asseusbly, but not erful plated frigates in our waters. She had | in the Senate. The members iw the Senate are no need of them for the inland@expedition of | twenty-three republicans against eight consearve- Mexico. She well knew that, as the Mexicans | tives and one independent. In the y have no navy, her armored vessels were of | fifty-six republicans against sixty-five consera ® -~ no use fn the Gulf, save as regards any emer- | tives and seven Union democrats: Ost joia $ gencies which might arise in case of a recogui- | ballot, therefore, the figures would stand thus: tion by France of the Davis government. Conservatives. We must not expect that fear of the con- bec sequences will deter France from an alliance | Independent. with the Southern confederacy. We have, up to the present moment, proved incapable of putting down the rebellion, and, as a natural consequence, Napoleon will feet assured that, strengthened by his aid, Davis would prove tow strong for us. The disastrous defeat at Frede- ricksburg will add to the probabilities of this conclusion, and only make Napoteon deem himself the more secure in his movement against us. He will reason from facts, as he hasan undoubted right to, and will jadge that we are’ incapable of subduing his forces, com- bined'with those of Davis. We must not expect litical or municipal light, the aspeu't is cheering and full of hope. The present is the most im- portant epoch in its history. The extent of itv area, the magnitude of its population, its centrat position and its vast commercial relations, justly entitle it to be called “the Empire State’ an¢ ~« give it the balance of political power. This power may be exercised for good or for evil by those who temporarily wield it. In the existing condition of the country the importance of the State can hardly be over-estimated. Its ruler holds in the hollow of his hand the destiny of the republic; and on his message to-morrow, and the action or inaction which may follow ite . greatly depends the solution of the great problem which now perplexes the Americas j require two votes from among the eight ap parently neutral mem to have a majority; whereas the conservatives would need the __ whole. The probabilities, therefore, are, that im’ the election of United States Senator, which de~ volves on this Legislature; the republicans wilt obtain the necessary majority, provided they donot set up a negro worshipper; forff they do, they may not only lose all the neutral votes, but some even of their own rank and a study and a success. These men understand and appreciate the effect of » oudden and im- mense expansion of paper currency; but the Seeretary of the Treasury docs not seem to have the slightest comprehension of the subject. He only knows thiat the necessities: of the govern. ment demand the expenditure of certain sum of money within a given time; and: he deludes himeelf, and tries to delude others; into the idea 1:7 eS RRS sions were dull, but steady, at firmer rates. less it be ourselves. There is enough of mutual NOTICE TO PAPER MANUFACTURERS. From Italy aa have a Seaisciaes (aos thas ene | otaugnter indeed—more than would be necessary n ae Wastes Outsuvy use informed the Emperor Napo- | for two or three decisive battles—but it is 7 thousand a-oma ~eigeet yyre weuwe, 9 | leon that the government of the kingdom “‘re- 82x46. Apply at the Hrratn office. _—— ed THE SITUATION. France on the Roman question. M. de Sartiges, French Minister in Turin, had subsequently al-, luded to the subject, when the Premier of Italy The partioulars of the terrible fight at Mur- Denefi 1a from freesboro on Saturday, the fourth day of the poe secede Rome ere moose utterly destroyed, it will be: ewing to the conflict, have not been telegraphed, in conse- | The Chevalier Nigra, Minister of Italy in France, | bravery of his troops, the skill' of his officers quence of the breaking down of the West- | had held the same language in the Tuileries. The | 8nd‘ his own generalship, together with no | | ern lines, owing to a severe storm. We | Sreek.throne question had been settled. There | ordinary share of good fortune; and not in the Gavies fn doubt the was no doubt that the British government has de- | slightest degree to superior military guidance Pempr loubt as to the isste. | termined to abandon the Protestorate of the Ionian | from: Washington. ‘There is #. tremendous ‘The War Department received information yester- | Islands. Barl Russell has proposed to hold a Con- | issue at stake. If the: combinations of the day of the damage to the wires, but it is said that | ference in London of the Great Powers, parties Union forces in the Southwest should be suc. all the authorities in Washington feel confident | to the treaty of ‘Vienna, and a notification to this cessful, and if Rosecrans receives ample that General Rosecrans has crowned his four days nae ity br nehesserbbbewnceri ghee reinforcements in time, he will: inflict ® morta, splendid fighting with victory. By a blunder Sqnubeatiak The distress in the cotton manu- | Plow upon the rebellion; for if he routs and Of the telegraph operator on Banday morning, | facturing districts of France is deepening daily, | 4estroys the enemy under Joe- Johnston at an erronéous impression got abroad that our left it threatens to become serious. In England | Murfreesboro there is nothing t pre- the distress of the operatives was steadily on the | vent his triumphant march to Mont wing suffered a repulse during the battle of Satur- pepe gomery, the capital of Al a, the effect \. 5 jabama, day. This proves not to have been so, on the con- As an evidence of the rapid extension of inter- | of which would b@to hem in the remnant trary the enemy were driven back with considera- ble slaughter at that point, national communication by means of the electric | of the rebel forces in the Southwest to a nar- telegraph, and an earnest of what we will accom" | row pace along the eastern bauk of the Lower Our losses from Wednesday morning to Friday | Plish in publishing a daily report of the news of night were six hundred killed and three thousand the whole world when the Atlantic telegraph en- Mississippi, thus cutting off completely the terprise is completed, we call the attention of our communication bet bode. crmirgporee rs ria four bundred wounded. We lost several thousand | readers to the fact that we give in the Hxratp the Southwest; while the capture of Vieksburg prisoners, and captured about one thousand of | this morning advices from Egypt of the evening | Would open the tener Masia from Cairo to the enemy, including Genorsl Cheatham. The | of the 20th of December, despatches from Malta of | the delta, and all su from. the territory the night of that day, news from Omsk, in Siberia, | west of it would be completely cut off. rebel loss was eatimated at between four and Ove | 101 500 the morning of the 2istof December, and | Late telegraphic despatches announce the thousand. intelligence from Holland to the sfternoon of the | storming of the rebel works in their great The Richmond papers claim that up to the night | game day. These exceedingly interesting de- | stronghold on the Mississippi; but this the Rich- of the 81st the Unien troops had been driven back | spatches were addressed to Mr. Cyrus W. Field, | mond papers not only deny, but positively as- six miles on the centre and left, though with | 00 board of the Asia, which sailed from Queens: heavy loss to the rebels, and they are jubilant ac- poems type 9 bass ’ sert the repulseof our arms with terrible car- telegram from Siberia was delivered inCorkon the | 288°. But assuming the truth of the Northern cordingly. The fighting of the last three days, | very day it was written in the frozen regions of intelligence, and at the same time a decisive here however, has probably caused them to alter their | the Czar, distant over five thousand miles | Victory gained by the army of Rosecrans, t tone eceiea, from Ireland. The report from Alexandria was | Would be a speedy end to the rebellion, and the We are in ion of further details of the | St over three thousand miles, and despatches | conquest of Virginia, the total. overthrow of ¥ from Malta about eighteen hundred miles, to the | Lee’s army and that of Beauregard in South | ten days’ fighting on the Mississippi, which we give in full to-day, accompanied by a map of the vici- same destination. Had the Atlantic telegraph | Carolina and Georgia, would only be a question nity of Vicksburg, and another showing the posi- | have been received if? New’ York immediately line been in working order all this news would | of time, and that a very brief time too. But on the other hand, if the combinations of tion of the rebel batteries. Our troops behaved | afterwards, could have heen, Tie os to San | the Union arms in the Southwest should now with great bravery, and although the rebel autho- ag ih i Pat ree fax rodhtapees men fail, and the Confederate chieftains should be rities claim s victory, it is manifest that the ad- | been made, the words from Siberia could have been | “Dally victorious in the conflict with Rosecrans, vantages all lie on our side, The gunboats | sent to the “spot where they were originally | by the sudden accumulation of large reinforce- id not participate in the action, nor did the forces, forwarded,’ thus making the circuit of the world ments, owing to their Interior and shorter lines’ within twenty-four hours. All this will be realized | and their having possession of the railroads naval and military, of Admiral Farragut and Gene- | 11. ing telegraphic line of the Atlantic and the and the telegraphic communication, the for- ral Banks arrive to aid General Sherman, a8 WAS | Benring’s Btraite line are finished. So that the | tunes of our cause would become desperate. anticipated. The end is not yet on the barks of | idea of Shakspere, expressed in the year 1600, by | Not only would the army of Rosecrans be the Mississippi. Both armies seem resolved to | one Puck, the first electrician and prede- | dogtroyed, but Nashville would be in danger, contest the issue stubbornly, and render the fight | cessor of Morse, to ™ a pool “he | and Grant and Sherman would be placed im at Vicksburg as obstinate and bloody as that at boom Put md sir sages e | carth in | imminent peril; and by vigorously following forty minutes”’ is very near its triumphant aecom- Murfreesboro, plishment—en event which will demonstrate that | UP the blow she rebellion would be placed in The official account of the disaster to the | the men of the days of Queen Elizabeth were just | eh # triumphant position as to turn the tide of Monttor is published in another column to-day, | ## anxious to obtain early and reliable news as are invasion to the North. The fact of Joe Johnston— thor with » highly interesting description of | the people of the present day, but that the rulers | the confessedly second best general in the Cen- — and cabinets of the world did not encourage or pa- | federate army—being assigned to the chief com- the Uiteted: vorel and her Tt appears | tronize the sclentific aspirations and commercial | mand of the rebel armies of the Southwest, and that she was strained daring a wy storm on | acumen of Puck and his cotemporaries ina manner | the “other fact, that the Confederate President. the 31st ult., sprung s leak and went down. The | such as we trust the cabinets and capitalists of | himself, deeming the situation in Virginia suf- Bhode Island, which was towing her, lost a boat's | Barope and America will support the Atlantic | geiently safe under Lee, thinks the crisis in the | crew, it ia supposed in the effort to loose the ig prog ng brent a whneaiiog poem Southwest needs even bis own presence, are haweer which connecte.| the two vensels. ey proofs of the immense importance which ig of a trip of an emigrant train over the Plains, by ‘ A dotackment of Stuart's cavalry made a dash | stoven's Northern route, to Oregon. The expedi- | ®ttached by the leaders of the rebellion to the success or failure of their arms in that diree- into Dumfries on Friday, and carried off with | tion seems to have demonstrated the practicability great rapidity some public stores and sutlers’ | of this route, and its advanteges over the eld | tion. The desperate nature of the fighting in roads, and may prove of great value to futare | Tennessee, at Vicksburg ami other points Prageas: | WHE this exception there lo nothing of emigrants. in Mississippi, and the large forces engaged on apermnrys y o the aero SB adhe a Annet Dr. on aoe | either side, also serve to show that this is no A report Lyne papers ursday | H. W. Beecher discoursed om President's pro- | ordinary campaign, and that the lifesof the last states thet a eerious breach in the East Ten- on A lca bch tareg Points of Mr. | republic or the success of the rebellion may neseee Rallrosd hasbeen made by a body of Yankee patellger or jound in another part | aenend upon the issue. of to-day’s paper. troops, who penetrated Tennessee ninety miles, | The Legislatures of Ohio, Wisconsin and Califor. | All eyes are now, therefore, directed with in- tense anxiety to the Southwest, watching the through Pound Gap, burning the bridge at Zolli” | nia will assemble ge Itof the bl crnarlc, which t 7 Bristol, and that at Wat ning | The Domocratic State Convention of Connecti. | result o loody sec Magee hy 200 coffer, near tage, fail to be desided ere long against or in favor ne impression on the rebellion. attended with’ no: important results, and je a | of meeting the dificuity. That seems to be the Spectfully declines” further negotiations with | useless destruction of life and property, making | Alpha and Omega of his financial knowledge. The speculators, who understand the: workings If Rosecrans should: now succeed under this | Of the notable invention of Mr. Chase, are the vidious syatem, or if his army:should net be | °D!y persons who derive advantage from it; for to the public at large and to all‘ industrial interests its effect ‘is most injurious: Purticu- that the manufacture of Treasury notes and bonds to the amount specified is the true mode larly is it disastrous to the working ctaeses and ‘to persons of fixed moderate incomes. The experience of the past year has-sehcoled the dullest minds into:a comprehension of the simple fact that whenan undue amountof paper money is forced into circulation its vaiue rela- tive to the precious metals decreases; that in proportion to that depreciation the prices of all commodities rise, and that the more the: volume of paper money is added to the more decided will be these injurious effects. Mr: Chase is one of the few men of the country who obstinately refuse to recognize these simple truths. His remedy for the evil is to increase the evil, and Congress stupidly and ignorantly. lends itself to carry out his views. Let every. one, then, look out for a new flood of Treasury. notes and bonds, witheut any curtailment of bank issues» and trim his sails accordingly. Tue Loss or tux Monrron.—We- sanounced yesterday, by telegraph from Fortress Mon. roe, that the celebrated iron-clad Monitor had foundered off Cape Hatteras, and that four offeers and twelve men. were drowned, The loss of this gallant littie vessel will be generally regretted. When she steamed into Hampton Roads a few. months ago, a mere ex periment in naval architecture, no one supposed that she was destined to revolutionize the navies of the world and mark.a new era in naval his. tory. Her famous encounter with the Merrimac, however, made her immortal as the pioneer of iron-clads, and ranked her inventor, Captain Ericsson, as the greatest inventive genius of the age. When she sunk she was on her way to new triumphs, and her loss will be regarded as & national misfortune. Although the feeling of the public is, that we could better have spared any other iron-clad than the Monitox, facts—which are always op- posed to sentimentalism—teach us that the ‘public feeling is undoubtedly wrong. All of the other iron-clads of ber class are decided improvements upon the Monitor in every re- spect, and will do much more efficient service’ Although the Monitor foundered, these other iron-clads bave weathered Cape Hatteras in safety, and the expedition of which they form a part will undoubtedly be success” ful. The Monitor, like the old Ironsides, was the pet of the nation, and no one who takes a just pride in our navy can repress pis disap” pointment at her fate; but neither to the ex” pedition nor the country is the loss irreparable Iron-clads of the Monitor class were never intended for sea service. The most that was expected of them was that they eould be towed from harbor to harbor along our coast, and as this has been successfully accomplished again end again the Monitor’s misfortune dees not vitiate Ericsson’s fame, but is attributable to the fault of the Navy Department in sending her to sea without proper precautions against such accidents. “The brave fellows who went down with ber will be remembered as long as the Monitor herself. Tue Great Contest iN THE Sovruwest.— The accounts of the desperate battles of Mur. freesboro and Vicksburg must have attracted the aitention of the whole country. The en- gagement of the Union and rebel forces at the out will be held in Hartford on the 18th of Feb- miles beyond the bridge at a eel raary. of the Union cause, If our arms should be The British schooner Emma Tuttle, which was Judge Paddock, of Cincinnati, in ® soldier's | crowned with euccess the proclamatioa will captured while attempting to run the blockade st | habeas corpus case last week, fined © lieutenant | haye Little to do with it, and when the Union is Wilmington, by the United States steamer Cam, | $25 and costs, and ordered him to be confined | eegtored it will become nullity in law as well bridge, ind put into Rum Cay (Bahamas) in dis- ne poll on bread and water, for con | 45 in fact. If, on the eontrary, defeat and tress, has boen detained by the authorities there, | “@mPt : Aisaster should now be the result, the proola- ‘The stook market was very active on Saturday, but the and they would not release her without » permit | recent large advance led to @ pretty general realimtion of | mation would be so much waste paper and of from the government at Nassau, profite, and prices fell off 1 © 1}4 per cent in conseqn: no manner of effect. In either case it will be ‘The money market was caay at606. Gold closed at Tho Asia, at this port, brings news from arope | 1441; 4 44, gxchange was frm at 147}, a without greed As “re haps to the 2ist alt., three days later. ‘The eales of cotton on ‘Were 1,000 dates, mia. suggested some time ago, military suo’ dling crssings buoyantly bt €3}40. Flour advancea | C688 We Want” above all other things. The The scheme of owner had war pe be., with salen of 94,800 BDle.; whagt 1g, with sales of proclamation, so far as it can have any influence of Amorica was again ce. It WAS | 95,000 wushels, and corn f¢., with sald of 7,000 bushels, at all, will be far more edverse than fa. said that M. Drouyn de Lhays, Foreign Minister of | pork declined to $14 87 for meas, and $11 500 $12 25 for | yorable to that consummation. If the white the Emperor, was about to eddress another note | Prime, at which Mgures 1,400 barrels changed hands. | oon of the loyal States eannot achieve it by ts of England and Rasta on tho nub. | De Sort 10 the exons of 2.lo0 oie tend 1-280 Weroes | their own valor and intelleet, vain ts the ex. oct, calling the attention of the two governments to | tioas, Whis’ and bbie.,and bacon 1,750 boxes, all at uniform quota. Advanced (0 22 )46, @ 400. With pales of | Mectation that the inferjor race whioh, for the | former place, in point of stubborn resistance | ‘and unyielding bravery, is unparalleled in the | history of war. For four days the tide of battle has swayed with uncertain results, and yet the two armies engaged are in face of each other, waiting for the final blow that shall decide their destinies. The prowess of Greek and Ro man falls into nothingness by the side of such unequalled valor. The contests of the Gracchi, and the bold defence of Thermopyle by Leo. nidas and bis three hundred, pale their fires before the unflinching valor of American army It used to be said, “ When @ meets then comes the tug of war.” Now this As en- tirely changed, and future history will say, ” Whee American meets American then therq ia war indegd” and horrors: will follow the workings of that decree throughout the South; that ser- file: Im the latter event, a good democrat » or conservative muy stuud como chance of election. In any event the olection will beclose. If the Senate and Assembly should persistently pursue cross purposes neither branch could succeed, and: all legisla- tion might be paralyzed. But at: such a time we hope fer better things from tke-patriotism of a majortty in either House. Among tle subjects requiring legistation, or im which it will be attempted, are the canals, the ferries; the city railroads, the Central Park, the savings banks and banks of issue, the harbor de- fences, and tite police system, which hae become 80 corrupt and depraved as to require acomplete all mankind, will: soon arise, and he will make revision. In the case of the present‘commis- humanity a reason’ for interference; and we sioners we have no doubt that the Governor will much fear that here he will be met in alike spirit | Promptly do his duty; but there is-necdgof by England, both: mations foreseeing that their | me salutary legislation to reform tiie abuses supplies of cotton will be but short if the negroes | Which have grown up within the last few years, are to be freed. Prom Russia we may continue |'%24 it will be the duty of the Legisteture to to expect friendly relations. She has no im- co-operate cordially with the Governor in this menee interests at’ stake, pushing her on to in- good:work, It will be their duty ee all-te terfere in our straggle; the emancipation de- sustain him in his determination- to™‘maintsin eree will not prove to.her the bugbear it will | *"d defend'the sovereignty and jurisdiction of to France and Fagland. She has just set the State,” acoording to the oath of office which the example of an: extended and vast emanci- he hes taken; and to arrest those encronehments pation, and will more than likely sympathize of federal contralization which threaten te with Mr. Lincoln's: decree. Be that as it may, |#¥allow up, one by one, all the rights of the we ure assured that France and England will | State, together with all the liberties and yr deem it a fearful blow at their commerce, and nities of the citizen, and to reduce the form that from motives of self-interest they may feel | S°Vermment to a consolidated despetiom, im all the more inclined to aid Davis. which (pe will of one man would beaniversal The French Minister at Washington, it fs said, | '*¥- openly states that during this month his govern. Immense Tax on Commerec. ment will mediate in favor of the South. This On the Ist day of January the law imposing assertion of M. Mercier’s, if true, puts all doubt | a duty of ten cents a ton on all vessels entering upon that question at an end. We must and | at American ports went into effect. This law» are, doubtless, preparing to meet with energy | of which much complaint has. already been and determination the coming eventualities | made by our merchants and wes which menace: all we hold dear. The people | passed.by the last Congress om the 14th of July, will call to a. severe account those having the | under the title of “ An act increasing tempo- management, of our affairs if, at this hour of | rarily the duties on imports and. for other pur- peril, they neglect their manifest duties. We | poses,” and reads as follows:— must prepare to battle for our constitution and | Sec. 15. And bo it further enacted, Thad upon all shipar laws—for our great and gloriow Union. There beryed, tall be ceed snap, cotome ctw nthe is not a moment to be lost. Let our immense t ow mm resources be fally developed, and, above all, let eo of dines ine ated belonging wholly or pan party squabbles and the intrigues of politioians. | tombe ney of tot conte ret tan of the ea a cease iu this, the moment of great danger to our | 8/4 io beloved: country. There must now be united | or tonnage movement. We must prepare to sustain, at all | once !n cach perils, the integrity of our zepublic. him to judge us as we Judge UUIsELVeED, xer that he should be aware of our entire resources; and thus we' must admit that were he to interfere events weld seem to give him reason. Weare divided upon: questions of vast import to: the life of our’ Union, and make to the world a sorry speetacte: Another inducement Yo Napoleon to interfere will be thedecree of emancipation. He wilt understand that’ all chances for cotton crops are at an end: until that question is set- tled; he will pretend that fearful crimes ee vile insurrection; upon a scale to terrify ’ itl 5e2 fei i a ee See te: area ee rene 4 Pranxs oF THE Reset Gveri..as.—It seems po GR << oe ate to be a favorite amusement with the-rebep | India islands; Provided. also, That piers a in tiisect . gueritias to cut our telegraph wires, affix a por- Sead cat ance aarkonabaree mone, table instrument and cend despatches to, oar emit by eng eee Moog or ie fa hee ~~ operators, from whom they often receive im- of venseln. portant military infotmation. Thus the. vebel It will be geen by this that vessels are taxed, Morgan played this wick upon the Louisville | more heavily than almost any other species.of office afew days ago, and by telegraphing in | property, and fears are entertained that it will General Granger's name to General Boyle sne- | not only be the meaus of seriously embarram: ceeded in finding out from the latter general | ing and restricting our commerce, but thatit * the force and positions of the Union troops will lead to retaliatory measures and taxation. the movements which were in progress to cut | on the part of foreign Powers. In addition to off “that fellow Morgan.” Having thus learned | this is the stamp tax under the Internal Re- all he could of our plans, Morgan sent his com- | yenue bill, by which nearly all vessels to and / pliments to Gen. Boyle, calling him “a bright | from foreign ports are compelled to, pay from. youth and a amart boy.” So the rebel General | one to five dollars each according to, their oar ° Stuart intereepted Union despatches at Burke's nage. Station, in Virginia, during his recent raid, and To show the immense revenue. that wilk be sent a despatch purporting to come from Wash_! dorived from this tax, let us glance at thetes - ington to our officers at Fairfax Station, order- nage employed between this port and Europ « . * ing the instant’ destruction of our army stores | during the past year. The number of arriv? ds there, and a telegram, signed “J.B. B. Stuart, | from Europe during that period was nize¥ cen Major General C. 8. A.,” to Quartermaster | hundred, with an aggregate tonnage of on@ and General Meigs, at Washingten, ordering him to | » half millions, which, at the rate of furnish better mules in future, as those pre | per ton, gives the enormous amount /Of one viously furnished were very inferior. It seems | hundred and fifty thousand dollara; which tous that our operators might easily concert | would be thus drawn from the very life-blood some system of private signals or cyphers | of our city. To point out more clearly the which would defeat these paltry but annoying | practical operation of this law let us take for tricks, and we are greatly surprised that they | example the steamers Scotia, of four thousand, have not ba wit and ingenuity to do #0 | tons, and the Ocean Queen, of two thousand, long ago. ‘ankee nation is rather be- | tons, the former making about eight trips pee - hin dhand in this mattes, pig em Pat te pt ‘ Reneurmon oF Porrsoe Sraurs—Our city | Aspinwall The frst sumed, wonld pey ius Postmaster has been engaged for the past two hrandred dellare 0 telp, of ficée thousat tw 3 weeks in redeeming postage stamps; but in ronan Sn eels ae “ trod nye ’ doing so he only allows the redemptions to be hed Qollars per year, = made between the hours of ten and two each Tewill be on reading the act, that day. The consequence is that there is a long train of people at the Post Office every day, and at two o’clock, when the wihdows are closed, there is still a long cue of people left unattended te, and whose only resource t to retarn next day. Now, the limit of the time fixed for redeeming these stamps ® the 15th of January, and if the Po‘timester de. sires to make himself popular wits the present holders of postage stamps he @ill at once ex- tend she hours of exchange for the remaining days, tihaking it, instead of from ten to twor from ten to four P.M, This will be a very popular ides, ae nobody wishes to be stuck with * gatage stamps, Mexico, th provinces of North Ame- rice and the West India islands, ary favored, vessels arriving from which are laced on the same footing wif Ameri- can vessels employed in thr coasting trade. This appears like favoitism, and from this fact it is held by meny that the act is in contravention of existing treaty regu jations. As the tax is considered um and ineonsistently burdensome, snd calculated to throw hindrances in the way of our trade and commerce, particularly with Burope, it is to be expected that our merchants will Lege time in petitioning Congress to modify the