The New York Herald Newspaper, February 23, 1863, Page 4

4 NEW YORK HERALD. JAMES GORDON BENNETT, EDITOR AND PKOPRIETOR, OFFICE N. W. CORNER OF FULTON AND NASSAU srs. ‘TERMS cash in advance. Money sent by mail will be ‘at the risk of the sender. None but bank bills current in New York taken. ‘THE DAILY HERALD, Turws cents per copy. THE WEEKLY HERALD, every Saturday, at Frve cents per copy. Annual subscription price O00 COMF...crercsesevecccoccsce deeneaee oases seas $ ‘Three Copies... Five Copies. DAMIR... «.invsasscletenedacie ha apes 15 Any largor nuinber, addressed to names of subscribers, $1 50 cach. An extra copy will be sent to every club of ten, Twenty copies, to one address, one year, $35, and any larger number at same price, An extra copy will be @ent to clubs of twenty. These rates make the Weekiy Hanan the cheapest pubdication in the country. The Evkorgay Evmon, every Wednesday, at Fivx cents per copy; $4 per annum to any part of Great Britain, or $6 te any part of the Continent, both to include postage. ‘Nhe Caworsia Eprroy, on the Ist, Lith and 21st of @ach moath, at Six conte per copy, or $3 per annum. 3 5 8 AMUSEMENTS THIS EVENING. NIBLO'S GARDEN, Broadway.—Saranx.ia. WALLACK’S THEATRE. Broadway.—Henaierre. INGOMAR. WINTER GARDEN, Broadway. LAURA KEXNE'S THEATRE. Broadway.—Lorrery Ticker—Farn One Wita 1m GotveN Locks, NEW BOWERY THEATRE, —MiLuRe ov New Jexsey—: Wery.—Enakworta Bess o Mas, Perse Waite, BOWERY THEATRE, Bowery.—Macorru—Frenca Spr. pp GERMAN OPERA HOUSE, No. 485 Broadway.—Macic LUTE. WERICAN MUSEUM, Broadway.—Minnie ur, Livinc Hirrorotamus, &&., at all Afternoon and Evening. BRYANTS’ MINSTRELS, Mechanics’ Hall, 472 Broad. Be emir Soxcs, Buriesques, Dances, &¢.—Buace RIGADE. WOOD'S MINSTREL HALL, 514 Broadway.—Eruiorian | Songs, Dances, &0.—Haxcer. BROADWAY MENAGERIE, Broadway.—! ANUWALS—PELPORMING ELEPUANTSOCOMIE MuLae ke NEW YORK HERALD, MONDAY, FEBRUARY 23,. 1863. union journals which are trying to distract the North and to prevent a resteration of the Union:— Now Tork Expreas, New York World, cure thereby those much desired Southera eta- Ples of cotton and tobacco to any amount; she would regain the good will of the United States and of both sections thereof; she would thus thor ; Cacia Eager, Chicago Tribune. prea d checkmate the transatlantic designs fiartioed Times, Bt, Louis Demooral. of England, dependent upon the dissolution of this Union; and she would place our govern- ment in @ position to extricate the Emperor from his present perilous position in Mexico, upon a political, commercial and financial ar- | rangement satisfactory and advantageous to ‘France, the United States, Mexico and the world at large. Above all, France, in the re- establishment of peace on this continent, would ward off that impending European convulsion | which is beginning to cast its dark premonitory shadows over the Napoleonic dynasty. The rebellious States of the South, in their compulsory return to the federal Congress through this intervention of France, would be abundantly compensated. They would be im- mediately relieved from the terrible privations, sufferings, co nscriptions and extortions which they are now compelled to endure ; their stocks on hand of their last two years’ crops of cotton, sugar and tobacco would be at once brought into a hungry market; the Southern slave- holder would be at once resoued from the ter- rors of President Lincoln’s emancipation pro- clamation and an abolition crusade ; Southern institutions, society and industry would be restored to the protection of the constitution ; but greater than all these compensations would be the advantages gained of a conser- vative control, through Congress, of the general government. If all the Southern States to-day were fully represented at Washington the abolition faction would be utterly powerless to do any further mischief; but, with the new guarantees of future security indicated in Mr. Seward’s proposed convention, there would be absolute safety to the South in the government against all future contingencies. There are yet other considerations which may contribute to turn the mind of Louis Napoleon to mediation upon the basis of Mr. Seward’s Congressional plan of peace. The rebellious States are now in a most critical position. They may be overrun and laid waste by the superior military power of the Union, or the war may be indefinitely prolonged, to their utter ex- haustion and destruction, cotton and tobacco A meeting of the conservative inhabitants of Leavenworth, Kansas, was broken up by a mob of radical republicans on the 7th inst. During the melee guns, pistols and bowie knives were freely used by the peace breakers and aboli- | tionists; but mo one was seriously injured. On the following Monday the same gang of ne- | gro stealers and Jim Lane jawhawkers destroy- | ed the printing office of the Leavenworth In- | quirer, a conservative newspaper. They threw | the contents of the building into the street, and | set them on fire. The civil authorities being una- ble to control these abolition rioters, the military force at Fort Leavenworth was called upon to pro- tect the inhabitants, and Gen. Blunt issued a pro- clamation declaring martial law in the city, and detailed tifty mounted men to assist in preserving order. Some of the Southern papers think the new re- bel conscription act will take in persons over forty- five years of age. Ex-Governor Rodman M. Price is one of the conservative candidates before the New Jersey Legislature for the United States Senatorship. The Missouri river being now frozen over, the abolition jayhawkers are busy running negroes across from Missouri into Kansas. The Jo Miller men are again trying to raise an excitement. They now set the 17th of August as the day on which all sublunary affairs are to be closed up. If they would set a day for the end of the war, and strive to bring it about, they would be better employed. The will of the late Nicholas Longworth was admitted to probate in Cincinnati on the 17th inst. Ho has given all his immense estate to his relatives, and has made what will probably be- come & very satisfactory division. His widow retains the homestead, together with all it con- tains, and an annuity of six thousand dollars. There is yet some hope for the ice men. In 1848 no ice was cut until the middle of March, af- ter which time a full crop was gathered. In 1856 the first and second weeks of March produced the entire crop of that season, and we find that ice was cut as late as the first week in April in the years 1841 and 1842. ‘The stock market was tolerably active on Saturday, ‘but drregular, It opened better, fell off, then rallied, fell off again, and finally closed strong, with on upward tendency. Gold fluctuated between 162% and 161%;, closing at about 16244 a 16234. Exchange closed at 119 a 180. Money was worth 6 a 7 per cent on call Breadstuffs were only moderately active on Saturday. Prices of flour and wheat closed in favor of buyers. Corn was a shade dearer. A fair business was reported in provisions, with a slight improvement in pork and no important chaoges in other kinds. Sugars and whiskey were in fair request. Coffee, tallow and tobacco were mo- derately dealt in. Linseed oil was higher and more sought after. Cotton was dull, and down to $8c. a 89c. for middling. There were no remarkable alterations in other branches of trade. The Produce Exchange will re- main cl.sed on Monday, in honor of Washingtou’s birth- day, and wholesale business will be very generally sus- pended. AMERICAN THEATRE, No, 444 Broadway.—! Lets, Pantowmmes, Burtesgues, £0. Sa eS | PARISIAN CABINET OF WONDERS, - Open dally irom iA. MUIDE Broadway. NOOLEY'S OPERA HOUSE, Brooklyn.—| Sosqs, Dances, Buauesaues, &c pc ateed New York, Monday, February 23, 1863. THE SITUATION. Owing, no doubt, to the severe snow storm which raged yesterday, our news from the Army of the Potomac and from the West did not reach us. It is probable, however, that no movements have taken place in either direction, From Fortress | Mx- Seward’s Peace Propositiona Practi-. Monroe we learn that the flag of truce boat which best cteacop ar cgte i= pa atanaae is the Reconstruction of the Union. arrived there on the 20th instant, brought down The significant special advices from Washing- between two and three hundred Union prisoners ton which we published yesterday, in reference to who had been exchanged. The Richmond En- | Mr.Seward’s late peace proposition to the French quirer of the 20th instant tells of an advance of | government, involve considerations of too much the Union army in Middle Tennessee, but its re- importance tobe lightly passed Sees What is ports are 20 vague as not to be worth much this peace proposition? Mr. Seward, in his des- “ patch to Mr. Dayton, our Minister at Paris, dated credit. The Texas journals complain of the inva- . . _ | February 6, after emphatically dismissing the sion of the border counties of that State by Mexi- recommendations of France for a peace confer- can banditti, some of them fighting under the | ence in some neutral country, beiween dele- United States flag. gates from the two parties involved in this war, EUROPEAN NEWS. says:— The European news brought by the Canada to On the other hand, the Congress of the United States fur- Halifax is dated to the 8th of February—a week | Rithesa constitutimai forum for debates brtween the alienated later. A telegraphic synopsis of its main points parties. Senators und Representatives from the loyal peo- was published in the Hezatp yesterday (Sunday) ple are thore already, fully empowered to coufer. And ‘Seats are also vacant and inviting the Senators and Repre- morning, and the details, also telegraphed from Halifax, are given to-day. sentatives of the discontented party, who may be consti- The British Parliament met in session on the tutionally sent there (rom the States involved in the in- surrection. Moreover, the conferences which can thus be held in Congress have this great advantage over auy 5th of February. Queen Victoria’s speech from the throne approves of the policy of non-inter- vention in pursued by the ‘that could be organized on the plan of Mr. Drouyn de Lhuys, viz:—That Congress, if it thought wise, could call Cabinet. During the debates on the address, in reply to the speech in both houses, Lord Palmers- a national convention to adopt ils recommendations, and gira them all the solemnity and binding force of organic law. Such conferences between the alieuated parties may be said to have already begun, Maryland, Virginia, Ken ze "4 tucky, Tennessee and Missouri—States which are claimed American affairs by the insurgents—are already represented in Congress, and are submitting, with perfect freedom and in a proper spirit, their advice upon the course best ¢alculated to bring about in the shortest time a firm, lasting and ho- norable peace. Representacives have ‘been sent, also, ton’s course was generally sustained, al- | from Louisiana, and others are understood to be coming id from Arkansas. There is a preponderating argument in though Earl Derby and Mr. Disraeli re- | favor of the Congressional form of conference over that which is suggested by Mr. Prouyn de Lhuys, viz:—That, while accession to the latter woutd bring the government into con ce with the insurgents setting aside in important part of the United States, and 80 would be of per Congressumal conference, on the contrary, prescrv-s and gives new strength to (eit sacred instrument, Which must conti nue through future ages the sheet anchor ot the republic. Now, it is altogether probable that the idea, and the only idea, here intended to be conveyed to the French government is that European mediation is inadmissible in any form, as there can be no accommodation, no peace with our rebellious States, short of their absolute sub- mission to the Union. This conclusion iuevi- tably attaches itself to the required return to the national Congress of the absentee Senaters and Representatives from those States which are now represented in the rebel Congress at Richmond. Mr. Seward’s suggestion of a na- tional convention follows the indispensable submission which he demands. But in these suggestions of the Secretary ef State, though his design may have been to clese the door, he really opens it to European interposition in be- half of peace. gretted that England had not made an effort in conjunction with France to induce an armistice. All parties agreed in opinion, however, that the attempt would fail. Earl Russell, in the House of Lords, expressed the opinion that the Union Would never be re- stored. Mr. Disraeli, in the House of Commons, agrees with him, and says he foresees that the future America will be one “ of armies and turbu- lence and wars.” It was reported that President Lincoln had ad- dressed a note to the Emperer of France demand- ing a categorical explanation of his note to Gene- ral Forey, as well as of his designs in Mexico. The Canada furnishes commercial and financial reports from Liverpool and London to the 7th of February in the evening. The Liverpool cotton market was dull and prices weak. Private circu- lars say that American descriptions experienced a | decline during the week. Breadstuffs were dull, with a steady market. The provision market was flat. Consols closed in London at 92%, for money. MISCELLANEOUS NEWS. . ; | The pilot boat Washington (No. 4) which came | Agguming that Louis Napoleon has thus de- to the city yesterday, reports the steamer Ella | ,., . Se % a ‘Warley, that was sunk by coltision with the North | *ermined to actin belalf'of Mr. Seward's Con: Star, as having parted amidships and risen to the | gressional plan of pacification, we canaot ima- surface, being now entirely afloat, but still held in | &ine, in view of the paramount object of a gene- the same place, probably by the anchor. Would ral peace, that there would be any difficulty in have boarded her but for the tremendously high | gaining the co-operation of the other great Bea at the time. Powers of Europe. Having secured their con- Tn the San Francisco despatch, dated the 2st | currence, the Emperor of the French next inst.. and published in the Heranp yesterday announces the fact to our government, and that Morning, the quotation of greenbacks should be 1 it is his purpose to contribute his aid to secure 60 a G4, omitting the words “ per cent discount.” | the submission of the rebellious States in the The Order of United Americans celebrated the 2 ‘“ ASist anniversary of the birthday of Washington | ™#nner proposed by Mr. Seward. The rebel rd vernment at Richmond is next informed that at the Cooper Institute yesterday. Tho the | 8° weather was exceedingly inclement, the | this devastating war has lasted long enough; f pretty numerous attendance that the common interests of humanity and the the occasion consisted of some very fine singing | especial interests of France andof the South de- by a volunteer chorus from the New York Harmo- | mand and that France calls upon the nic Society, descriptive reading and prayer, and a | go-styled “ Confederate States” to restore their discourse on Washington by the Kev. Sidney A. | representatives to the two honses of the Congress was yet The exercises on Corey. A great deal of interest rare of the United States, according to the re- oF wissh wit ve rund taanetier Sciam. quisitions of the federal constitution, and General Wool, with four of his staff officers, in. | Warns the febel authorities that, failing to tends leaving the city this morning*for Boston, to | Ob¢y this call, the military power of France will be employed to enforce compliance; while the: make a thorough inspection of the defences of that harbor, and to inaugurate measures to per- are promised, on the other hand, the fect them. friendly offices of the Emperor in the recon- The Democratic State Convention of Kentucky | struction of the general government. And is called to meet in the city of Louisville on the | what then? Peace and reunion; for, thus ad- Asth of March. The present Congress has bat eight more work- Jng days left. It closes its existence a week from to-morrow. { If an extra seasion of Congress should be called pext summer, Missouri would be without a repre- pentative in the Senate. vised and admonished, it is certain that the rebel authorities would surrender at disere- tion. European mediation and intervention in this form are, we may say, invited by Mr, Seward, and great advantages would accrue to France The {vllowing are the games of the leading dis. | in acting upon his suggestions. She. would eg:, glad abipe in Englap? 4 included. This reflection alone may satiaty Louis Napoleon that the rebel leaders are not in a condition to hesitate in accepting his friend- ly interposition for ppace. As for our own go- vernment, it would hardly refuse its consent to European mediation upon the basis suggested by the Secretary of State. We are not surprised that the subject is at- tracting the attention of the diplomatic circles at Washington; nor shall we be surprised if, within afew weeks, the news shall reach us from France that the Emperor, with the consent of the other great European Powers, adopting the hint of Mr. Seward, had determined upon mediation for peace in America to the extent of compelling our rebellious States to return to the Congress of the Union. We think that our information from Washington foreshadows « deliberate diplomatic movement in this di- rection, and that Louis Napoteon, in order to reopen trade with the South, and te circum- vent the ulterior designs of England, and to extricate himself from Mexico, may probably act upon this idea, and in a masterly coup d'etat put an end to the disturbing Southern despot- ism of Jeff. Davis and his impracticable Southern confederacy. Tur Ixsurrection ty Potaxn.—The latest advices from Europe go to prove that the rebel- lion of the Poles against Russia is much more formidable than was admitted by the Russian authorities. We now hear of desperate battles taking place, and, although we are told that the Poles were defeated, the assurance comes from Russian sources, and may be accepted with re- servations. It is evident the people of Poland are determined to resist the rule of Russia, and that the struggle will be a hard one now that they are fully roused. The consequences will most likely be fatal to them, as the resources of Russia are enormous; but to Europe the Polish insurrection may be productive of im- mense results. The revolutionary spirit so rife throughout Europe will be incited by the struggle. and the example may be followed elsewhere. [n Hun- gary the people are pining to throw off the yoke of the Hapsburgs: Italy wants Rome. In Prussia the people are angered by the stubbornness of the old King, while in France the masses, with a natural tendency to revolution, are easily roused to its accomplishment by such an exam- ple as now set them by Poland. Napoleon is well aware of this, and he will most likely be swayed in his policy by the Polish insurrec- tion. He will feel how dangerous itis for him to continue in his schemes against this country and Mexico, and will most likely seize upon any op- portunity to make terms with Mexico and bring about a peace between North and South. He understands that to him a sustained revolution- ary movement in Europe is destruction should he be too much occupied out of bis own empire. Thus the Polish insurrection may have a mo- mentous influence even in this country. We shall await its development with considerable interest. Tux Renet. Loay ox Cotron Boxns.—We see by the news by the Canada that several French capitalists have offered to negotiate a loan for the Confederate government of five millions sterling, or twenty-five millions of dollars, on the basis of cotton at ten cents per pound, the holder having the option, after a certain period, of exchanging his cotton for Confederate bonds at seventy, bearing eight per cent interest. They have already put in circulation an amount of bonds predi- cated upon thirty thousand bales, which would make about a million and a quarter of dollars, There cau be very litthe doubt that plenty of capitalists can be found in Europe who will contribute to the loan on the above mentioned terms. Cotton is now worth from ninety cents to a dollar a pound, and, as it will take six hundred thousand bales to meet the loan of twenty-five millions, the profits accruing to the lenders would be enormous. Even if | they were to put the cotton into market at fifty cents a pound it would net a profit of seventy- five million dollars. With so large a margin, then, the temptation will be very great, and the probability is that the loan will be obtained. The danger tous from the success of this scheme is manifest. It will have the effect of inducing the interventionists to hasten the opening of the Southern blockade, and, more- over, it will certainly increase the number of privateers, as a large portion of the loan will undoubtedly be devoted ta the purchage of irony The Conmectiont Hlection—Gresiey the Chier of the Copperheads. ~ In ’s Tribune poor Greeley emfien Vors to show that the Hxrazp and the Conneo- tiout democracy do not agree. He quotes from the Hxnaxp to prove that we are in favor of the war for the Union, and compares this quotation with the peace platform of the Conneeticut de- mocrats, arguing therefrom that our support of the democracy is inconsistent with our war views. We do not know but that poor Greeley is right for once. Certainly we are in favor of the war for the Union, and are equally op- posed to all rebels, abolitionists and copper- heads. Ifthe Connecticut platform differs with us, 80 much the worse for the platform. We stand our ground, and appeal to the conserva- tives of all parties to save the country by put- ting dewn Southern traitors in the field and abolition traitors at the polls. The people of all the great Central States have responded most nobly to this appeal. We hope that the voters of Connecticut and New Hampshire will be equally patriotic. Upon a careful examination of the Connecti- cut platform, however, we find, to our great surprise, that all the obnoxious planks are taken almost entirely from the Tribune's own articles. Like an unvkilful angler, poor Greeley, fishing for a traitor, has caught himself. The Connecticut platform contains two asser- tions which Greeley italicizes and assails :— First, that the restoration of the Union by force is a “monstrous fallacy ;’ and, second, that measures should now be adopted ‘‘ having in view the cessation of hostilities between the North and the South.” Poor Greeley objects to these assertions; but he has made the same state- ments in the Tribune over and over again. On the 9th November, 1860, Greeley emphatically declared :—“ Whenever « considerable section of our Union sball deliberately resolve to go out, we aball resist all coercive measures de. signed to keep itin. We hope never to live in a republic whereof one section is pinned to another by bayencts."” There spoke the chief of the copperheads! There is the source from which the peace men of Connecticut obtained their idea that to restore the Union by force was a“ monstrous fallacy!” So, also, in regard to the statement that the time has arrived for “measures having in view the cessation of hostilities between the North and the South.” That delusion likewise originated with the Tri- bune. Only a few weeks ago poor Greeley advised us “to bow to our destiny and make the best attainable peace,” if the rebels were not sub- dued by the Ist of May next. In the Tribune of January 30, 1863, poor Greeley again de- clared:—* We believe that. should the rebels be successful and we defeated in the general re- sults of the campaign now opening, impartial third parties will say that we ought to censent to peace on the best attainable terms.” This is conclusive. Door Greeley and the Connecticut copperheads belong to tae same breed. The platform of the Tribune and of the Connecticut peace patriots is the same. Decidedly we do not endorse that platform. As poor Greeley frequently and elegantly observes, “We spit upon it and its authors.” If poor Greeley ac- knowledges hjmself one of the authors, we “spit upon” him, too. But, upon further examination, this Connec- tieut devil is not halfso black as poor Greeley paints him. Peace men as they are, we doubt ifthe endorsers of the Connecticut platform will consent to be called poor Greeley’s pro- geny or his discipies. They will disown him, as he tries to disown them. Bad as they may be, they are mach more loyal than Greeley. The abolition copperhead is by far the worst of the tribe. The Connecticut peace men do not admit the right of secession, as Greeley does, nor are they, like Greeley, committed to schemes for disuniou. The Connecticut plat- form explicitly says:—We denounce the heresy of secession as undefended and unwarranted by the constitution.” Poor Greeley says, in the Trime of November 9, 1860:—“The right to secede may be a revolutionary one; but it ex- ists. nevertheles Again: in the Tribune of Devember 17, 1860. eley gravely argues:— “If it (the Declaration of Independence) justi- fied the secession from the British empire of three millions of colonists in 1776, we do not see why it would not justify the secession of five millions of Southrons from the Union in 1861." Thus Greeley encouraged the seces- sionists then, as he encourages the rebels now. But here the chief of the copperheads is in ad- vance of his Connecticut friends; for they still have patriotism enough left to “denounce the heresy of secession.” So, iso, in regard to disunion. The Connecticut copperheads wish to take measures to secure peace; but their platform says “honorable measures,” and the objects of these measures are “the recenst ruc- tion of the Union.” “the reproduction of fra- ternal feelings,” and “the erection upon a more enduring basis of the temple of the constitu- tion.” Poor Greeley, on the contrary, urges dishonorable measures for a disunion peace. He illegally and dishonorably intrigues with JeweAt, and through Jewett with Mercier and Napoleon, in favor of mediation, thus breaking. the law of 1799. The Connecticut peace men have not gone as far as that. Neither have they beggef us to “bow to our destiny,’ mean- ing by ¢hat phrase disunion; nor to “make the best attainable peace,” which, as Greeley knows, would be a recognition of the confederacy. The Tribune of February 19 says of the democrats :—“They are not dis- unionisis—they do not desire the permanent division of owr-country—but they do hope and expect to achieve its ‘reconstruction.’ "’ Gree- ley’s Connecticut friends cannot reciprocate these compliments. To detail bis desires you must reverse the picture But to drop poor Greviey, the original peace Jacobs, the bead and front of the peace move- ment, what the Henaiy intends is to defeat and destroy that infernal abolition party whieb brought on this war by thirty years’ agitation about slavery, and is now secretly plotting to divide the Union ia order to retain political power ina Northern republic. We asi all the voters of New Hampshire and Con assist us in thus saving the nation. We do not care for parties or platforms or candidates, ‘The issve is between the Union and the nigger — the Unionists and the nigger-worshipping dis- unionists. That issue was made in all the Central States, from New York to LUlinois, and the nigger and his worshippers were voted down. Let it be the same in New Hampshire -and Connecticut. If all the voters in those States are tor the Union, let them vote down abolftionism. If some of the voters are con- acientious peace men, let them also vote down abolitionism. If some of the voters are dis- unionists, let them vote for abolitionism, and thea ao bang themselves, Uke-Judgs Jecarigt.. ys: ut to | | Major Reid Sanders, the rebel emissary, a short after receiving ‘heir thirty pieces of silver, in the shape of ge ‘Y™ment contracts. If poor Greeley wishes to, follow their example, now that bis gun contracts, have expired, we have no objections, The mais,Poiat is not to obscure the issue. Do the peor’? of Connecticut and New Hampshire prefe.t the Uuion to the nigger? That is the question to be decided at the coming \, elections, sas Rebe’ Views of the Wet and\pr Peace— The Issue to be Deci Jed by Southern Arms, We devote a considerable\ portion of our available space this morning to\a collection of very interesting extracts from’ leading vebel journals on the war and on the p vace question, which we commend to a thougbtfiv! perusal by our readers. These extracts will be found partiewarly in- structive to all of that class of deluded Northern peace democrats who believe that by means of such soothing applications as armistices and Louisville peace conventions, and promises of all sorts of concessiqns to the rebellions States, they may be restored to our Union, or permit the North, excepting the New Engtand States, to come under the benign despotism of Jeff. Davis. There is not a shadow of encouragement held out from the South for any such delusions. We are aware that it would be a nice thing for our Northern democracy, of the spoils and plunder school, to get back the rebel States, or to carry the Joyal States (excepting New England) over to them on any terins, in view of future dispen- sations of the spoils; but the leading organs of the rebellion flatly answer that they are no longer in the democratic market; that all that business is ended, and that, while Vallandig- ham is entitled to their thanks for his amiable | inclinations, he may as well hang hia harp upon | the willows, inasmuch as to the Southern confe- deracy the Northern democratic musie of re- conciliation which he plays is completely “played out.” The rebels turn up their dainty noses at all these Northern democratic peace offerings in the shape of armistices and peace conventions, and denunciations of “Lincoln’s administration,” and threats of open rebellion against it, and candidly declare that they depend upon South- era arms, and upon Southern arms alone, to bring abont a satisfactory peace. They want no armistice (an armistice would be a Trojan horse te them), they want no peace conventions, while “the Yankees” remain in arms upon their soil; they want no European mediation or arbi- tration. The rebels, in a word, have staked their desperate cause life or death, upon their armies, and are determined to fight out their fight to the last extremity of resistance. We must put down this rebellion, or the only alternative will be, as Greeley and his aboli- tion peace and separation faction pro- pose, “the best peace we can obtain,” upon the basis of two confederacies; unless a reconstruction may be enforced through Louis Napoleon’s acceptance of Mr. Sew- ard’s peace proposition, a3 foreshadowed in our late special advices from Wash- ington. Meantime it is very clear that the abolition faction, in order to retain their power in the government of the United States, really desire to cut off the rebellious States. Their object is the spoils, which are exaotly the ob- ject of the copperhead democrats, in their fuol- ish schemes to buy back the rebellious South and to turn the New England States over to Canada. The rebels frankly, emphatically, and with not a little of acorn and contempt, an- nounce to both these factions that the issue must be settled in the tented field, and that there is no other way to settle it. Let it, there- fore, be understood that he of the North who is not now for an earnest prosecution of this war is for the recognition of a Southern confe- deracy, and at the very time when our pros- pects in the field are much more encouraging than when the Army of the Potomac last June wus within three miles of Richmond. The confessions of the Richmond Enguirer upon this point are very suggestive. That jour- nal, published under the immediate eye of Jeff. Davis. substantially admits that our formi- dable land and naval forces, which now com- pletely velop the rebellion, place it in greater peril than it ever was before, and that the battles of the impending campaign will de- termine the great issue of this war\—the Union in its integrity, or a Northern and a Southern confederacy. But to save the South from de- struction, to gecure Southern cotton, and to save himself, Louis Napoleon may yet step in and compel the revolted States to settle their troubles by a return to their vacant places im the Congress of the Union. Wanten, 4 Kiva.—We see by the latest news from Europe that Greece is still unprovided with a king, and it seems strange that such a country, with all its classic reputation—its memories of Thermopylw, of Athenian art and Spartan valor—should be compelled to go beg- ging throughout Europe for a ruler, thrashing up all the royal families in search of a sovereign. England declined to furnish one; 30 did Portugal; #0 did Russia; and now even a scion of the multi- tudinous and ever hungry house of Coburg | has refused the proffered crown, and declines | to govern the land where Aristides and Themis- tocles once ruled, and Socrates taught, and Phidias and Appelles made memorable forever. lo this country we find no State in want of a Governor. Wheuever there is a vacancy plenty | of applicants are ready and anxious to accept the honorable position, and are willing to pay high prices for even the nomination. Wo | would advise the Greek people, then, to turn | their attention in this direction, Let them ad- vertise for aking in the New York Hxrasp | and the London Times, and we promise them | that they will soon have a host of willing ap- plicants for the vacant throne. We havesove- ral Greeks now in offive here who will not re fuse the place. Tur Misstox or Groroe Sanpers to Eraors.— The intercepted letters found on the person of time ago, established the fact that his father, George N. Sanders, was about to proceed to Eu- rope with three millions of dollars, probably for the purpose of purchasing iron-clads for the Confederate government, and we see that he has succeeded in getting off by the last steamer from Halifax. He no doubt carries his three millions of Confederate scrip or cotton bonds in his pocket, and will find little difficulty in making contracts on the other side of the At- lantic for a fleet of iron-clad vessels. The Navy Department had better be on the lookout for half a dozen more Alabamas an@ Floridas; which may be in our waters before long, * | ment must get its bonds sold, and the inter! | if # should ultimately fail from the very exte The Bank Bill amt the Mecesqity Vigerous Proseca'!o@ of the Wa: The speech of Mr. SpacUding in supp: the new Bank bill is worthy of sdmiratio its statesmanlike views and fo" its full a ciation of the dangers of the cridh‘: Inste: imitating the silly ostrich—which ba,"ies its in the sand or thrusts it into a yvusl imagines that the huater cannot see its. body—he boldly acknowledges the diifict of the case and meets them like a man. holds that it is “proper for us all to look | difficulties square in the face,” and that ‘ unwise, aye criminal, for us, while ineurri debt of $2,500,000 every day, to deceive! selves as to the real situation.” He, sa’ hopes for the best, believes that the Union be ultimately maintained; but, at the : time, he “cannot shut his eyes to the formid character of the rebellion nor to the int: difficulties of eonquering and subduing so ¢ and intelligent a people, extending over a wide extent of territory.” Mr. Spaulding recognizes the diflc of moving and supplying large armici, the difficulty of keeping open the’ lind of c munication with the’ base—a diffisulty w increasesin proportion assuch armies avs into the heart of the enemy's county " insurrection is entirety different’ fro a other insurrections. Reyolts are. gayr against the constituted authorities, and by organized bodies of the people, which ay’ the most part easily subdued. Bat in thé the rebellion was inaugurated and is tov tained “by the constituted authority of 5t: in their capacity of independent sovereigiti:, They rebelled by a geographieal line, and compact, organized body, against the fed: government at Washington. Hence tle midable character of the rebellion at the « set, and the vast resources and efforts, aid great length of time, it will require to suppl the present State organizations. “It will quire a large standing loyal army in the oc pation of each State.” “Even the armed oc pation of a part of one of the revolted Sta does not make the people in the State loyal the genoral government. The hatred of people to the rebellious States is deepsea and abiding.” Mr. Spaulding maintains t till the federal taxes can be collected in ev’ Southern State without a soldier the rebell, is not suppressed; and this will, undoubteq bea work of time. There is, therefore, | most urgent necessity for vigorous and suste ed action. ! The debt is accumulating equally whet! our armies are fighting or idle, and every | lar of it becomes a first mortgage upon the, tire property and productive interest of » country. It affects the farmer, laborer, mec’ nic, manufacturer, merchant, banker, com: sion merchant, professional man and ret capitalist. Ifthe tax is not paid inthe sh; of duties upon imports and by internal reve: it is levied by the enbanced prices of artick consumption and by a depreciated’ currency The immense army of a million of men in field, with its commissariat, supply trains, bulance corps, sutlers, teamsters, hangers’ and idlers, over a line: of military operati! more than four thousand miles, adds nothing, the wealth of the country by labor, but e supported by those who do laber end + have already acquired property. Well, th fore, does Mr. Spaulding exctaim: “Who mighty drain is this war upon the produc energies and resources of the country! I indeed, an exhausting as welbas a bloody w: The logical conclusion is that such a war m in the nature of things be ruinous if protrac to any very long period. Such a war requires vast expenditures ; most comprehensive financial measures. Am the latter is the new Banking bill; which is extension to the whole nation of the princi of the excellent system of free banking in State, which authorizes an association to x currency upon depositing a: sufficie of State stocks with the Comptroller secure the redemption of the notes. The now adopted by both houses of Congress 4 vides a uniform currency from $5 up to $1, for every existing bank and every new bi which desires it. The conditions are that bank must purchase United States bonds stocks) and deposit them with the United St: Comptroller, a new officer created by the t Currency will then be issued to itto the amo of ninety per cent of the stocks deposited secure its redemption. The whole amoun be issued is limited to three hundred millic to be distributed to the different States in 5 portion to population. Six per cent inter will be paid on the bonds, and the banks w realize six per cent more on the currenc) twelve per cent in all. They need notgmmt therefore, at the bill, which is not compulsory its provisions. It isa good measure, and y greatly aid the government, while it will est: lish what is very desirable for the paople- uniform secured currency of the same valne every State, if the existing banks will) univ sally adopt it instead of their own. But it must be borne in mind: that this bar, ing arrangement will not supply the adnain tration with the sinews of war. It will on facilitate its financial operations. The gore! upon these bonds must be paid, as well as { interest upon other obligations, and a fi must be created for the gradual payment of principal; and these payments canonty be } eomplished by vigorous taxation; otherw the bonds and the currency will become equa’ worthless. But the people cannot long be such heavy taxation. Hence the war must short. Mere glory will not pay them if all th property is swept away, and it will be a sm satisfaction to the people of the loyal States have ruined the rebellious States if they « also ruined themselves. Mr, Spaulding hol that “if the war is successfully terminated wi in three years, the Union maintained and t government perpetuated under the consti tion, the results to flow from saeh a trium would amply compensate for all this expen ture of blood and treasure” But if the w should continue to flag from the imbeci) which has hitherto marked its prosecution, a of the protracted expenditures, then all ¢ vlood and treasure lavished shall have be spent in vain. IMararation OF Layeasiine Oprnatives Miss Burdett Coutts. we perceive, whose | manitarian operations bave become histor has gent to America one hundred and forty-ni of the starving operatives of Laneashire, and doing so she has done well. They landed Halifax the other day; but whether they desi to remain in the British provinces or to proce to the United States ia pot stated, We wa