The New York Herald Newspaper, November 24, 1863, Page 6

= 6 Prmw YORK HERALD. Jga0uRs GURDON BENNETT, EDITOR AND PROPRIETOR, OFFICK NW. CORNER OF FULTON AND NASSAU TS. TERMS cash In advauce, Money gout by mail will be ft tho risk of the sendor, Nove but bank bills current ta Now York taken, THE DAILY HERALD, Turse couts por copy. THE WEPRLY BERALD, evory Saturday, at Prva cents Pereopy, Annual subscription pricas— One Copy. .......+s , Ne Hts $2 Three Cop 5S Five Comes... 8 ‘Ton Copies...... wb Volamoe XXVIII ..... 0.65: -e0+ AMUSEMENTS THIS EVENING. RDEN. Broads PIBLY —Famr Cianciy—Customs ov tie Countny—Pat's BLIND ERA, ° WALACK 8 THBATKE, “roatway.—Rosepiue, WINT!R GARDEN, Broadway.—Katuneuy Mavour prentt—Youna 407 uss. THEATRE, Broadway.—Duxe's Norro— Lotme's Maid. ROWERY THEATRE, NEW Fucon's DeatumTae Pow. Bowery —Mazxrra— v.—Fortar Or Boxpr— POWERY THEATKE, B QuxeNpoRne—QOLDEN AKE—Sr. BARNYWS MUSEUM, Vroadway.—Giayt Gres, Grant Bor, Litijeuriaw Kino. "&o., at all hours, Suapz—Rovan Des@iverncon and Kvening. BRYANT'S MINSTRELS, Mechanica’ Hall, 472 Broad. BOGE moran Boas, Daxces, Bunixsques, bo —Tue VME WOOD'S MINSTREL HALL, 51é Broadway.—Eruiorian Goxas, Dances, do. —Camit GRO. OHRISTY'S MINSTRELS. 633 Broadway.—Bua- LESQUES, SONGS, DaNoxs, 40. Mincmimvous MONKEY. ANERIOAN THEATRE, 444 Broadway. Batters, Parromimns, Burtesques, &c.—MOountain Ovtiaw, BROADWAY AMPHITHEATRE, 435 Broadway.—Gra- Mast.0 AND Kyumsthian Par: on sances, ACADEMY OF MUSIO, Irving Place.—Hunnr Warp Besounn's Lectunn. HOPE CHAPEL, 718 Broadway.—Tum Srerxoscorrican NEW YORK MUSEUM OF ANATOMY, 618 Broadway.— Cumosimms any Lecrures. trom 9 &. M. "ti 10 P.M, Brooklyn.~Ermorian T New York, Tuesday, Nov. 24, 1863. ADVERTISEMENTS FOR THE E COUNTRY, Advertisemonts for tho Weeki Herarp must be band- €0 in before ton o'clock overy Wednesday evening. lte Circulation among the eutesprising mochanics, farmers, merobants, manufacturers and gentlemen throughout the country is Incroasing very rapidly. Advertisements in- Gorted in tho Waxxiy Hexatp will thus be seen by a large Portion of tho active and energetic people of the United blates. fie 4 Weds 4 WHE siruaTIon. The oondition of the roads in Virginia, notwith. Btanding the recent rains, is such that the army of Genergl' Meade is now inva position to move at any moment. His troops fully occupy the country up to the north- bank of the Rapidan, but there is no official information that any portion of his army has crossed the river. Reports of the advance of the army to the south side of the river were circrs Aated yesterday, but the announcement is prema- —~ @ ture. General Lee is said to be prepared to make @ desperate resistance to any such movement. Despatches from Cincinnati yesterday state that General Burnside was holding out at Knoxville, and had notified the citizens of that place that he would hold it under all circumstances. The rebela—who are reported to be 30,000 strong— have withdrawn from the south side of the river. General Foster had reached Cincinnati, en route for Knoxville, which he has doubtless reached by this time. It is said that the President has not accepted General Burnside’s resignation; Dut is willing to grant him leave of absence to at- tend to his private affairs, which need his super- vision, with the understanding that he will return to his command at the earliest moment consistent with the business engagements which imperatively call him"temporarily from hia duties in the field. ‘We give a fino map to-day of the scene of Gene- ral Burnside’s operations in East Tennessee up to this date The steam transport Fulton, from Port Royal, whidh arrived at this port yesterday, reports that the sea wall of Fort Sumter was entirely de- stroyed, and the rebels were constructing bomb ‘proof buildings on tho ruins. The firing on the fort was still going on. During Sunday night the Monitor Lehigh, while on picket duty near Fort Bumter, got aground, Daylight discovered her ‘Position to the enemy, who at once began a furious fire upon her, both from James and Bullivan's Island. Three other Monitora—the Mon tauk, Passaic and Nabant—moved up to aid her by command of Admiral Dahlgren. The Admiral boarded the Nahant and called for volunteers to carry @ hawser to the Lehigh. Out ofthe number who offered themselves, the surgeon and two bailors were accepted, and proceeded on their desperate mission under a tremendous fire, After three attempts they succeeded in getting a line fast to the Lebigh, and at the turn of the tidethe Nahant towed her off. Admiral Dahlgren pro- moted the two seamen on the spot to the rank of petty officers. Commander Bryson of the Lehigh, and tho executive officer, Lieuteuant Hopkins, were both wounded. The Fulton brought in here the rebel prize eteamer Banshee, captured by the Fulton and the transport Delaware, with valuable cargo, bound from Nassau to Wilmington, Wo learn from Fortress Monroe the particu: lars of tho delivery of the provisions sent by the steamer Convoy for the relief of the Union pris- Oners at Richmond. Colonel Irving, who had them in charge, has Gatisfactorily transferred all the government ra- tions, as well as all the provisions from the Balti- more Relief Fund, for the Union prisoners in and About Richmond, to Commissioner Ould. The im- mediate wants of our officers and-soldiers in Rich- fond will thus be supplied. EUROPEAN NEWS The steamship America, from Southampton on the 11th instant, reached this port early yesterday morning. Her news has been anticipated by the tele graphic report of the City of Baltimore, off Cape Race, published in the Henarp last Saturday gmorning. Our special correspondence from Pa ris, with the compilation from our European files, given in our columns this morning, contains some very interesting intelligence and news details. Lord Palmeraton's spee Panquet in Ga dhol! plaration of Teland's nov r PM, is reported in the Menany tod, hat the Lord Mayor's ich her ed NEW YORK HERALD, TUESDAY, NOVEMBER 24, 1863.-TRIPLE SHEET. The speech of the Right Honorable C. P. Vil- liers, an English Cabinet Minister, in support of the Union cause, appears also in our columns. The trial of the case of the alleged rebel gun- boat Alexandra had progressed another step in the English Court of Exchequer, It was feared that the steamship Canton, just bujlt th England, was intended for a rebel war vessel, The captain, officers and crew of the American ship Bold Hunter, destroyed by the privateer Georgia, had arrived in England. ‘The ship Auchneagh, from Bombay at Liverpool, reports:—Pussed the Mary Elizabeth, American privateer, September 16, latitude 22 8., longitude 40 W. The St. Petersburg correspondent of the Lon- don Herald, writing on the 4th of November, says:—* A great deal of noise has been made about the Russian squadron which is now at New York. By naval men here their visiting that port is looked upon as by no means extraordinary. The object of the squadron -is simply to furnish the necessury supplies to the Russian stations abroad. The force is too insignificant to be of much use if war should break out, and I think their stopping at New York would have passed unnoticed if it had not offered the Americans such an excellent opportunity of giving vent to their feelings against England."’ The Paris correspondent of the London Army and Nazy Gazette, writingyon the 5th of Novem- ber, says:—There have been many absurd con- jectures floating about with regard to Marshal Forey's supposed mission to Washington, It is probable that Forey has been charged with no mission at all beyond one of observation. Like Prince Napoleon, he will take careful note of all he sees, and report in a short time to his imperial master the real sentiments ofthe American people as regards France, the condition of thetwo an- tagontetic parties and the means of both to con- tinue their internecine war.’ ° Napoleon had invited fifteen governments to take part in the European congress proposed in his recent speoch. The project excited an unusual degree of interest, with a considerable amount of consternation in most of the capitals. On the whole, however, for one reason or another, it has not been met by a decided objection. Prus- sia is rumored to have given her adhesion to the plan, The Austrian government announced to Napoleon that Austria is ready to take part in a congress, upon a basis yet to be determined, for the strengthening of public Nuropean right, and with special regard to accomplished facts. An English Cabinet council was to meet and draft tho reply of Queen Victoria. The ex-Dictator of Poland, Langiewicz, has addressed an appeal to the Austrian government from his prison in Josephstadt, in which, after renewing his request to be allowed to remove to Switzerland, he concludes by beseeching that, if this be not done, he may be handed over to the Russian authorities. Mile. Adelina Patti is to appear in Paris, in- stead of going to Madrid. An important decision as to the copyright of plays has been given in London. Mr.Beucicault in- stituted a suit against Mr. Delafield for an infringe- ment of his copyright in the ‘Colleen Bawn.’’ Vite Chancellor Wood decides that as the play was first brought out in America Mr. Boucicault could have no copyright in it in England. This decision will, it is said, affect several of Mr, Rowi- cault’s pieces. %,, MISCELLANEOUS NEWS. 2 The Board of County Canvassera,met yeiReran ateleven A.M. The results of the cam officially announced to be 32,550 for McCunn and 32,501 for Judge Bosworth makes McCunn’s majority exactly fo. votes, The Board of Councilmen did not organize last evening for want of a quorum. The Board of Aldermen did not organize yester- day, quorum not being present. A lecture was delivered last evening at the Cooper Institute by E. P. Whipple, of Boston, were about aterdy. In tho absence of marked fluctu- tions in gold imported merchandise was quict and bus!- ness was small. Presidential Interesting Disclosurcs. It is no joke that President Lincoln is @ can- didate for another term of four yeams in the White Housé, We think the time has arrived when the radical wing of the republican party must decide whether they are to take “Honest Old Abe” for another trial or run a sorub ticket against him. We publish eome newspa- per extracts on the subject to-day which clearly show tbat the President holds the inside track, and has a fair chance to distance all bis com- | pet tors, Wendell Phillipa, the Apostle Paul of the radical abolitionists, is out in favor of “Old Abe.” Among the newspaper extracts referred to the reader will find a brief report of the last revelations from Wendell on the Presidential succession: In this speech, delivered at bis headquarters, Boston, he says that Mr. Lincoln “has taken the first great -etep by issuing the proclamation, ‘and if he believed in. January last, as he told me, that it was a great mistake, he bas changéd hig mind gince then, The man who had the beart to originate that proclama- tion, and to stand by it, ought to remain in power at least six years longer.” So much for President Lincoln. But Phillips, in order to clinch this nail in favor of “Old Abe,” basa word or two to say of the abolition pretensions of Secretary Chase. The life of Mr. Chase, it thus appears, “has not given the assurance of such sound principle as to warrant the people in trusting him at this crisis. (Ah! hah!] The Governor who sacrificed Margaret Garner has no heart. The Secretary who, when fourteen States op- posed Seward, flung himself forward in his de- fence, has no principle.” (Ob! ho!) Thus, ac- cording to the abolition Apostle Paul, Secre- tary Chase is a man without heart or principle; and that is enough to lay him out cold among the pioneer radicals, and to open the way for his “Uncle Abe.” i But, while the firat abolition oracle is thus “dead set” against Secretary Chase, he says, looking to universal emancipation, that “the great obstacle is the Secretary of State,” and that “the people should squelch bim, unless they can remove him.” Singularly enough, too, the special organ of Mr. Chase in this city has the same opinion of Mr. Seward. The sporting*editor of this super-servjceable organ, we understand, makes a weekly visit to Wash- ington for information on the Presidential game, and he has probably thus been authorized to say that “the direct purpose of Mr. Seward’s Auburn speech was to nominate Mr. Lincoln for the term of 1865, and to do it in such a way as to threaten condign war upon all, whether of high or low degree, who should venture to inter- fere with his pretensions.” Now, if this be true, Mr. Lincolu—renominated at Auburn by Seward, the conservative, and at Boston by Phillips, the abolition radical—has two power- ful strings to his bow, and may smile @t the pretensions of Mr. Chase. ‘ ‘<* It is our opinion, however, that this Auburn tion by Mr. Seward is not bis thunder. doubt whether he has the pluck, or whether god man Friday—Thurlow, Weed—has the ae to initiate “Wtty-whch a Mr. Seward’s excessive amiability would lead him rather to please everybody than to offend any- body; and Thurlow Weed, before he moves in anything, looks well and carefully to the chances of the run of the kitchem. We contend that if Mr. Lincoln stands more prominently to-day before the country than any other can- under the auspices of the Women’s Loyal League. Jajdate for the succession, it is because the inde- ‘There were about one thousand ladies and gentle- men present. The subject was ‘Joan of Arc,” whose history was traced to show what women may do for the preservation of a nation. Deputy United States Marshal Thompson sold yesterday the prize schooner Mersey and cargo; also the cargo of the prize sloop Nellie, consist- ing of cotton, which brought 81 cents per pound. In the Surrogate’s Court, yesterday, counsel commenced summing up the will case of William H. Merchant, deceased. The argument will be concluded and the case submitted for the Surro- gate's decision to-day. The estate is valued at $150,000. The first will leaves it all to two young ladies, and the second will, which is contested as a forgery, leaves it to the relatives of the de- ceased. In the estate of Joseph Goodwin, the ac- counts, amounting to $54,000, were settled. The first anniversary of the Rose Hill Ladies’ Soldiers’ Relief Association was held last evening in the Collegiate Dutch church, in Twenty-ninth street, a small but fashionable audience being present. From the annual report, which was read by the Rev. Mr. Duryea, pastor of the church, it appears that the association was formed on the 12th of August, 1862, and sub- sisted on contributions from members until a con- cert was given at Irving Hall, which realized the sum of $300. Subsequently the ladies held a fair, and from this source $1,870 was netted. There is now a balance in the hands of the treasu- rer of $1,335 12. The ministrations of the society have been principally in connection with St. Luke's Hospital. The meeting last evening was addressed by Revs. Messrs, Duryea, Mublenberg and Gillette, all of whom spoke of the necessity which existed for relieving our sick or disabled soldiers. At the conclusion of the speeches a collection was made, after which the proceedings closed. The anniversary of the New England Soldiers’ Relief Association was celebrated last evening, at their rooms, 194 Broadway. The proceedings were of a highly interesting and patriotic charac- ter, consisting of the rehding of the reports of the Superintendent, Colonel Frank Howe, and the ‘Treasurer, speeches by General Sickles, Rev. Doc- tors Vinton, Osgood and Hitchcock, William M. Evarts, Esq., and other gentlemen, and music by an excellent band. The room in which the anni- versary was held was crowded, a large portion of the audience consisting of la According to the City Inspector's report there were 443 deaths in the city during the past week—a decrease of 10 as compared with the mortality of the week previous, and 125 mote than occurred during the corre: week last year. The reeapitulation tabi deaths of alcoholism, 5 of diseases of the bones, joints, &e.; 92 of the brain and nerves, 3 of the generative organs, 13 of the heart and blood ves- sels, 176 of the lungs, throat, &c.; 7 of old age, 29 of diseases of the skin and eruptive fovers, 6 premature births, 57 of diseases of stomach, bowels and other digestive organs; 30 of uncertain seat and general ‘fevers, Ll unknown, 6 of diseases of urinary organs, and 16 from violent causes. There were 269 natives of the United States, 109 of Ireland, S4 of Germany, 13 of England, 6 of Scotland, and tle balance of various foreign countries. ‘The markets generally wore a rather quiet aspect yoe- terday, and tho business operations were of @ limited charactor, At the Produce Exchange the demandf ft the chief articles offered for sale there waa not eo active as during the greater part of last week, yet values of nearly ail Commodities were fully eustained, while some were even higher, Corn sold as bigh as $125 for Weat |. Peiroloum was setive, Qe bigher on retined aya prios. Ttew ed. Cotton was a atly for export, and p pendent New Yor Heraxp bas not been afraid of the politicians in ventilating his claims. We may have gone into this business as the Rev. Brother Beecher dashed into the work of his late English campaign—that is, for the purpose of stirring up the dormant political elements of the country, and compell- ing Tom, Diek and Harry to show their hands. We may say, too, that if Beecher was backed up by Beelzebub we have a match for him in Wendell Phillips. Only a year ago Phillips could see in “Old Abe” nothing but a sleeping mud turtle, which could be moved only by a coal of fire on his back; now this same phi- losopher proclaims this mud turtle his man for the succession. Does not this beat any of the transmogrifications of Beecher? Old Galileo was right. The world moves; and under the high pressuce of steam, elec- tricity, this great rebellion, iron-clad sbips, Parrott guns and Greek fire, it moves with the tremendous momentum of a comet sweeping round the sun. If we lag behind we are lost. President Lincoln is evidently beginning to feel the force of this idea. He is beginning to perceive that if he does not take good care of Mr. Chase Mr. Chase will take good care of him, And so we think the rumor probably correct that the venerable Chief Justice Taney, who has outlived bis day and generation, will retire, and that Mr. Chase will be snugly pro- vided for in being promoted to the head of the Supreme Court, and satisfactorily disposed of asa Presidential aspirant. The late brilliant marriage at Washington will operate in favor of this arrangement, as will also the Dred Scott decision. But even with Mr. Chase withdrawn we can hardly expect that President Lincoln will walk over the course. That veteran politician, Amos Kendall, who must now be over a hundred years old, is out with a circular for a conserva- tive Presidential Convention at Cincinnati on the “Kentucky platform.” But it appears that old Mr. Kendall and his committee represent the rump of the Fillmore-Bell-Everett party; and that rump, in this rumpuss, will not do. A new party, broad enough and liberal enough to rally to its standard all the conservative ele- ments of the country detached from the admin- istration, and with some hero of the war as their common candidate—some such man as McClel- lan, Grant or Gillmore—may, however, prove strong enough to carry the day. A popular hero of the war will be apt to command the soldiers’ vote, and this vete will command the balance of power. The issue, therefore, will still remain uncer. tain, even with Mr. Chase out of the way, and with Mr. Lincoln as the nominee of Mr. Seward, and likewise of Wendell Phillips and of the Republican Convention. Old Zach. Taylor, a hero of the Mexican war, supplanted the ad- ministration under which he fought his Mext- cancampaigns. The same thing may be done again.’ But let President Lincola provide for Mr. Chase, put down the remaining armies of the rebellion in season, and declare for a libe ral policy of restoration, and there will “be no such word as fail.” Lands, and he wili indeed be «a bung ler if be sions | canvol contrive to wi it Blovements—Ourtous and The game isin his) Our Texas Exprdition—Napoleon and the Robels Chickmated, We published yesterday exclusive informa- tion from the expedition of General Banka in Texas, It is evident from the details furnished by our special correspondent that our move- ments on the Rio Grande have taken the French by surprise, and that their plans, involving the loss to us of the State of Texas, bave been foiled. It is necessary now to reinforce the army under command of General Banks, 60 that the great advantages to result from his expedition may be rendered permanent. These benefits are most important. First, we prevent the French from obtaining possession of the Rio Grande and Texas; then—and very injuri- ous will this be to the rebelé—we arrest at ounce the blockade running~ and contraband trade which the English were having with the South through thia opening. There is now left to the South but one port—Wilmington—and that is far from a safe or certain entry for the biockade runners, as we now capture almost every one which endeavors to run the guantlet of our ehips-of-war. These results prove bow opportune was the movement of General Banks, and bow important it is that he should be reinforced without delay. It is evident that Napoleon bad designs upon Texas, which State be no doubt wished to erect a a barrier between the confederacy and Mexi- co. We do not, however, believe that he will now atiach 6@ much importance to this plan, or that he will allow his officers in Mexico to run the rist of any collision with our arms on the Rio Grande. Plans recently adopted by the French Emperor render it imperative upon him to re- main on good terms with our government. We refer to the great war he will undertake against Russia in the spring. To accomplish this he must be freed from the complications of the Italian and Mexican questions; and we feel assured that be will withdraw from this conti- nent the moment Maximilian has assumed the Mexican throne. We are simplifying the mat- ter for him each day. Every fresh movement made now in the South will prove the fallacy of his plans there, and will demonstrate the necessity of a retreat from an untenable~ posi- tion. It is an easy transition from the dilemma of Napoleon in Mexico to the difficulties of his position at home. Some thirty of the leading intellects in France—such as Thiers, Jules Favre, Barrot, Picard, and others of like abili- ty—have determined to pull down the empire; and French history is filled with precedents which prove their power to do so. Charles the Tenth was ruined by the opposition of a few of the leading men of his kingdom, who so worked upon public opinion that he was forced to fly. Louis Philippe wasin like manner driven from his throne by a movemcat set on foot by a few able men who were determined to revolution- ize the country. Just so at this period are somé of the brightest intellects of France en- gaged, and Louis Napoleon is well aware that in time they are certain to succeed. To defeat their purpose he has but one means, and that he is evidently determined upon adopting. That is to shake all Europe to its foundation by the prosecution of a war which shall be popular in France, and thus give him the absolute power the opposition would deprive him of. A war with Russia in favor of Poland, taking place “upon the withdrawal of France from Rome and Mexico, would meet the emergency; and this Napoleon iswell aware of. Hence there can be but little doubt that his discourse was a menace of war, and that he will make ready for the struggle by retreating from positions which, ifheld, would disable him from any se- rious struggle with Russia. Our eheckmate to his Texas plans will render him all the more eager to abandon Mexico; and herein the Rio Grande expedition will have proved a double success. It strikes both one open and one bid- den foe—the rebels and the French. Public Credit an the Currency Ques- tion. The continuance of the war, and the im- mense national debt accruing, with the daily attending consequences, very naturally give pause and suggest the inquiry, to what is this state of things finally leading? The capability of Mr. Chase, as the chief financier of the government, is frequently called in question, some denouncing him as unfit for the position, others admitting, doubtingly, that he does tolerably well, and may carry the ship of State safely through the breakers. "It will be remembered that whon the Secre- tary presented himself in Wall street in 1861, asking a loan from the banks, there seemed a disinclination on their part to comply; where- upon it was strongly intimated that if they stood aloof at that critical moment the govern- ment would make s better currency, and that it would supersede the issues of all other institutions. The demand notes were then put forth, and greedily caught up by the people. The bankers of the great Northern commercial centres saw the matter ina new light, and voluntarily, after consultation among themselves, came forward in perfect unity, aiding the government by degrees up to the amount of $150,000,000. Thus was brought to the test the patriotism of the financial men of the North. At present they are decidedly in a “fix.” Ags the tradesman who unwarily credits a customer, and is subsequently forced to credit him further amounts, lest he should lose all, so the banks when called upon. Matters progressed. The rebels were yet in arms, and must be conquered. Money was needed, and must be had without resorting to the expedient of borrowing from foreign governments. There were resources at home, and these should be claimed. It has been seen that the people at large gave an unbesitating preference to the government currency over that of the best institutions of the sovereign States, and we now have, by law of Congress, a national institution to supply heneefortht the medium for trading and com- mercial purposes. The days of the local banks of the several States are about numbered—a result so plainly shadowed forth that they themeelves are hastening to unite in establishing institutions under the new system successfully to employ their capital. They read the hand- writing on the wall:—“Gentlemen, in banking, to increase your worldly stores, fail not to do it in amanner to aid in sustaining your govern- ment.” We will not now touch upon the abuses which may be practised with this vast money power in the reach of government. Until the days of the millennium, or the period when men’s natures are changed and allcorruption ceases, till officeseekers, with plundering propensities, are cast aside, and positions are forced upon men of trie integrity, to adminis‘er the affatrs frauds nncst be expected. Weare simply show- ing that the,moves of the man who was amiled at in Wall xtreet as an Obio politician come to dabble in finance may be re- garded as having, av far, proved a success. A currency uniform over the country—govern- ment, for the protection of the people, standing at the back of the fabric it bas constructed— cannot but be a desideratum with every busi- neas man, every laborer achieving his moiety by dint of toil. But we take another view, giving heed to the words of those who tremble for the crodit of the’ republic on account of the vast volume of government paper afloat, A day of reckoning is to come, say they. We have been sowing the wind, to reap the whirlwind. Prices are ‘increased to that extent that the ten dollars of to-day will ecarcely procure what five dollars would a short time ago; rents have increased; everything is increasing still, and the reward of honest industry is, as now, likely to remain far from commenaurate, This must be granted. The great consideration remains: How will stand the case when the crisis above all others arrives? At the end of the war the immense national obligation is to be liquidated. Will the people yield to the methods adopted? Re- pudiation is hinted at; but whereforet If the honor of the government is not to be counted upon, the consolidating pecuniary interests in- volved through the present system will make ita necessity to act im accordance with the principles of justice. We are prone-to concede there is a terribly disastrous day in store for us. The American five dollar piece will travel over the world without a particle of diminution in its value. Gold is the standard of true value for all commodities among all nations, and whatever, in the business of buying and selling, goes beyond it, is destined to come to its level. Let us look, then, for the event, and be prepared. Paper inflates prices and fluctuates. The period is doubtless not very remote when there will be a tremendous crash, and those who have not secured their treasure tn intrinsic shape, or # sufficiency of it to admit of a large reduction, will suffer beyond their ability of endurance. The shoddyites and other government robbers, who, with their ill-gotten gains, are riding, as they imagine, upon the full tide of future prosperity, will, many of them, perhaps, be grasping in vain to preserve the full face of their paper possessions, clipped from the circle of the metal medium. Real es- tate will fall to half ifs present price, and everything else upon which a fictitious value has been created. After all, lamentable as_is the war, and di- verse a5 .nay be opinions, it must be prose- cuted to a successful termination. The present monetary plan seems adequate in the means, Every blow struck adverse to the rebel cause will inspire confidence; and at the end, the nation being restored, the cheering ray breaks in that with its illimitable recuperative re- sources, the interests of the people to be looked to in self-defence, the rebels annihilated, and their places supplied by patriots of the truest stamp, the public disaster depicted, if it must be met, will be of brief duration in its effects— the gulf of debt will be passed over with a driving breeze—the Union, in all its political and pecuniary integrity, joyfully maintained. The Wer and the Presidential Eleo- tion. Appearances indicate the possibility that a se- ries of great battles will soon be fought at the va- rious points at which the rebel armies now face the armies of the Union. General Grant, with the several armies that acknowledge his command, represents the grand advance by which we have.already redeemed the greater part of the country claimed for the rebellion; and General Meade, with the Army of the Potomac—the force that, by its proximity to the rebel capital, is to prevent the diversion to the Southwest of any more of those excellent troops that decided the day against Rosecrans—or, otherwise, the force that is to take advantage of any circumstance that may arise in our favor, and even to seize the rebel capital, if it shall be found that so many of its defenders have already gone else- where as to make such seizure feasible. Six great battles have been fought in the open field by the rebels, and four places of very great strength have stood sieges, in the attempt to stay our progress in the Southwest. But that progress has been constant and steady, and we are now, therefore, in the very heart of their territory. Failing to destroy the Army of the Cumberland in the attempt by battle at Chickamauga, the Southern general hoped to shut it up and capture it in Chattanooga. But General Grant, by a simple manceuwre, estab- lished his communications and his safety beyond question, and gained a success equal to a vic- tory. Beaten thus for a second time, the next attempt was the movement of Longstreet against Burnside, and so on Grant's line; and this seems likely to fail also, as Longstreet has certainly found his master at Knoxville. Dis- tressed by the failure of these many attempts, and weakened by the absence of the force under Longstreet, it is scarcely possible that the rebel asny in the Southwest would be able to stand an advance of the force under Grant, which every circumstance seems to invite. Nor is it probable that the rebel army in Virginia will be able to resist an advance of the Army of the Potomac, ander its hitherto successful commander. Burnside is able to hold his position; Grant is doubtless in suffi- cient force now to destroy Bragg, and we be- lieve that the Army of the Potomac is now strong enough, and in the right condition and un- der the right man, to annihilate the army under Lee if it shall meet it. But, while matters are thus hopeful in the field, how do they stand at Washington with respect to these operations? For, inasmuch as all our great attempts bave fallen short of success simply through inftu- ences that have emanated from that city, it is not enough to know how matters stand in the field; but to be able to form any judgment we must also know how matters stand at the na- tional capital. Matters there are just as we should wish them to be. Upon the ancient and excellent authority of the rabbins, it is known that dispute once arose between the real, original Abraham, the ancestor of so many speculators, and Nimrod, the mighty hunter. Nimrod did net conduct the dispute on the most approved principles of fair play, and Abraham appeared to have the worst of it. Thereupon the Father of his people, by means of some occult power, sent a plague against the mighty hunter. Now this plague wasa gnat. Certainly it was a very small plague to be sent against a mighty bunter; but the gnat did its work well. [t buzzedin Nimrods | Keg e" | valuayie ears, in his eyes and nose, aod in his mouth; | | of the sation for the sake of tue nition. public | stung Lim, aud thea buzzed again, Nobody | india rubbe., dudes, oe Could kill it, nor could Nimrof in any way get rid of it. It was always there, dsweys active, and life became a continual misery. At length & glass case was made to enclose the LNoter’s head—and he had peace. Alas! only for ait- tle while; for the gnat got in. Hitherto thé goat had remained on the surface. Now, how- ever, become more desperate, it bored through the royal cranium, and actually buzzed in Nim- rod’s brain. Surgery was of course out of the question; but the hunter's advisers nevertholess resorted to treatment, and adopted a course of hammers. Servants at all hours, day and aight, continually pounded the hunter's bead with hammers, and thus be found respite from the noise of the gnat. Yet the gnat was atill there, and it is supposed that, despite the hammers, he beard it. Just now the President is in the position of the mighty hunter. There is agnat in his brain that buzzes just as persisteotly as Nimrod’s did; and, though the armies of the South, and the Franco-Mexican muddle, and the Eaglish rams, and the wants of the country, are like so many tilthammers against his head, he hears only the buzz and murmur and hum of the gnat. That gnat is the idea of the next Presidency. Day and night, at all times and on all ocoasions, that buzzes on, and all other sounds are silenced by it. And whatever makes such a row in the President’s head of course affects to an almost equal degree the Cabinet, the departments, and, indeed, every one in Washington. From this atate of affsirs a great practical good is likely to result to the country; for, thus deeply and exclusively ab- sorbed by the Presidential election, it follows that the President and the Cabinet have no time left to attend to military matters; and the gene- rals in the field, left undisturbed by Washing- ington interference, may thus go on and carry out their own plans. We therefore wish the President godspeed in his ‘ Presidential in- trigues, and confidently anticipate great an@ immediate successes wherever our armies now confront the enemy, Only one more circumstance is needed te render altogether admirable the position im which our affairs thus stand. That is, that the President should suspend the powersof Gene ral Halleck for three months--deprive that per- sonage of any authority to command, and com- pel him only to obey; render him officially incompetent to control Grant, Meade or Burn- side, as be is really, and make it nécessary that he should only see that every requisition and necessity of theirs is met--and we might al- most have the war ended by New Year's. Sxcrerary Sranton Tursina Spartan. —We are giad to be able to aay something Landsome of the present head of the War Department. His course since he bas been in office has hitherte afforded us no opportuaity of gratifying thie amiable disposition of ours. His obstinacy, his recklessness of public opinion, his indiscretion, as manifested ia his letter to Greeley, and bis harsh treatment of unoffending newspaper cor respondents, whilst he suffered the really guilty to escape, placed us in constant antagonism te him. We were really beginning to fear that he was going to prove an exception to the adage that “no one is as black as he is painted.” One of his recent official acts relieves us from this apprehension. We allude to his sending before a court martial, and having sentenced te five years’ imprisonment in the Albany peal- tentiary,a contractor named Stetler, who at tempted to pass off adulterated coffee upon the government, in violation of his . agreement. - There is something Spartan and Wellingtonian in this, and we can declare in all sincerity that it is the only thing that has been done by Mr. Stanton since he entered the War Department which entitles him’to our approbation. It is, in fact, the first and only act of his administration which seems to have been dictated by a concern for the public interests. We hope that its effect will not be marred by interference on the part of the President. The offender in the present case deserves the full measure of punishment dealt out to him, and we trust that many like him will be sent to keep him company. Should the penitentiary at Albany prove in- sufficient for their accommodation, this city will, we are sure, readily appropriate Black- well’s Island to that purpose. We know several contractors, not a stone’s throw from our office, for whom we should like to put in a word for free quarters in that de- lightful retreat. There are a good many per sons also in the regular e@rvice of the govern- ment—heads of departments, deputy collectors, clerks, &c.—who would be benefitted by its fine air and wholesome regimen. There is no use in punishing one class of official offenders if another equally criminal are allowed to escape.’ We can recognize no difference be- tween the man who palins off a rotten ship and the man who passes off adulterated coffee on the government. An attempt at reform in the public service, once commenced, should be carried out wi i eveu-banded and inflexible rigor. If we v °¢ to gain nothing else by the sacrifices which » war has cost us, this would go far to comp: sate them. It would purify the national ser. ice of the corruptions that weaken it; react upon our State and municipal systems; sweep into the gutter the low-lived and ravenous wretches who are fattening upon the public spoils, and cleanse the whole body politic of the evils which are sapping the foundations of our republican system. If im his department Mr. Stanton is determined to initiate reforms having this wholesome tem dency, we shall forgive him much of the mie chief which his ambition and wrong-headedness have caused the country. Lievrexant Fasserr’s Recarrorsp Swoap.—During the recent gallant contest at Rappabannock Station, the Firs® division of the Sixth army corps captured two rebel bri- gades, officers aod men, with their arms and accoutre ments. Among the arms thus taken was a United States regulation sword, with Diack leather scabbard, brass mounting, &c, The sword has the following inscription upon it:—'*Presented to Lieut. J. 8. Fassett of Oo. E, 22d Regt. N. ¥. 8. V.,!"and was taken from a rebel officer (@ Louisianian, who alleged that it bad been captured from the owner at the battle of Wliliamaburg, May 6, 1862. Cap- tain William R. Maxwell, Company H, Fourth New Jer- sey Volunteers, First brigade, First division, Sixth army corpe, will give all necessary information #0 as to enable the friends of Lieutenant Fassett to regain possession of the sword. Fowp ron rm Raum or tae Wivows of tra Own Hom pag asp Tarart-rmxp New Yous Votcwreens.—Mr. D. H. Hasbrouck, of the Central Department of the Metropolitam Police, acknowledges the receipt of fifty doilars from Captain ©, W. Rudyard, as & contribution to the fund formed by Cotonei T. D. H. Currie for the relief of the widows of the Ove Hundred and Thirty third regiment New York Volunteers. A Valuable C ‘The @hip Pornes, from Padang, b-ings one of the moat ported [nim Hoaten, consisting of cof. rice, cargves imp (oe, slabs of tim, pe ge, cam) hor, @ * ———.-