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4 NEW YORK HERALD. JAMES GORDON BENNETR EDTIOR AND PROPRIKTOR ‘OFFICE N. W, CORNER OF FULTON AND NASSAU STS. Cnn TERMS cash im advance, Money sont by mail will be et the risk of the sender, Nome but bank bills curroat in Now York taken. ‘THE DAILY HERALD, Turse cents per copy. NO NOTICE taken of anonymous correspondence. We ‘do not retura rejected communications. erie serestecsceneeenenceee@. BT AMUSEMENTS THIS EVENING. ACADEMY OF MUSIC, Irving Place.—Itauian Ortmi— Pause. NIBLO'S WALLACK'S THEATRE, Broadway.—Lovz any Moxar GABDEN, Broadway.—Foo.'s Revenas. WINTER GARDEN, Broadway.—Lon.is's Wapping. ‘OLEMPIO THEATRE, Brosdway.—Lzar Yuin. NEW BOWERY THEATRE, Bowery. paaw— uncastan CunPeOner oF erence. eT oe BOWERY THEA’ Bowery —Tiox ye Ls ‘&sn—Doos oF tas JuNGLK—NE inp Mes. Ware we: BARNUM'S MUSEUM, Broadway.— anes, Two Dwaurs, Avanos, Wit Is It, Be, ah all house krne> eu, om Brixir oF Beavtr—Al Sand 1% P.M BRYANTR' MINSTRELS, Mechanics’ Hall, 472 Broad. ‘way.—Ermiortan Bonga, Danoma, Bourixsquas, £0—Tan UNG A BOTTERYLY. WOOD'S MINSTREL HALL, 516 Broadway. —Remiortan Gores, Dances, 40—Armican Camitia. NIBLO’S BALOON, Broadway.—PHoTocRAPHIANs. AMERICAN THEATRE, No. 444 Broadway. — Parromimes, Burixsours. dc.—Oup Granny co" BROADWAY AMPHITHEATRE, 485 Broadway.—Gre- geome axp EquxsiklaN PSUFORMANONS. Afternoon and vening. HOPE CHAPEL 718 Broadway.—S8rerxoscortiooy or Minox or Usrversx, aND TWawty-seventa Stkeet Guosr. NEW YORK MUSEUM OF ANATOMY, 613 Broadway.— CumosiTies AND Lecturxs, from 9 a. M. tilt ior Faia HOOLEY'S OPERA HOUSR, Brooklyn.— once, Dances, BuRuxiauEs, &o. see New York, Monday, March 28, 1864, THE SITUATION. Goneral Graut, accompanied by a portion of his staff, @rrived in Washington yesteraay. He spent the most Part of the day in the War Department in council with the Secretary, but will leave for the headquarters of the army to day, General Grant bas issued an order re- quiring ali furlougbea men of the Ninth army corps to Fondezvous at Annapolis, Maryland, as soon as their leave expires. Nearly all the officera who have been spending Cho winter iu Washington are speeding to the front undor (mmodiate orders. The rebel Gevera) Forrest, with a force of five thou- @and men, made an attack upoo Paducah, Ky , on the 25th lost., and succeeded in capturing it and destroy- log @ great portion of the city by fire. The Union troops, Only eight hundred strong, under Colonel Hicks, who ‘Scoupled the fort below the city, made a desperate ro. @istence, but without avail. Three of our gunboats im mediately opened fre on the city, and drove out the ene- my after thoir temporary conquest. The inhabitants, ‘who bad left on the approach of the rebels, soon returned, and the work of reconstructing the burned buildings was @ once commenced. ur loss is said to be twelve Killed and forty wounded. From one bundred and fifty {0 three hundred rebels are reported killed, among them General Thompson, Twenty-five houses around the fort were destroyed by our troops, as they were used by the febel sharpsbooters as ascreen, The headquarters and government storehouses, however, were burned by the coomy. A despatch frum Columbus, Ky., yesterday, says For- Fost and Faulkner are between that place and Mayfield. Thoy were marching towards Clinton at last accounts. EUROPEAN NEWS. ‘The steamship America, from Southampton on the 16th of March, arrived at this port yesterday morning. Her news is three days later. Our European advices are of @ varied and interesting character. Mr. Roebuck, M.P., made a very sharp attack in the Glouse of Commons on the neutrality course of the Palmer- @ton Cabinet on the American war, He inquired if the government would “ remonstrate”’ with the executive to ‘Washington on ts exorcise of “ illegal practices" in Groat Britain as well as with the government in Rch- mond. He consured Earl Russell for truckling to the Amoricaa ministers through fear, and stigmatized the ‘war rule of the Union as “ cruel, cowardly, base and ty- Fanoical.” Lord Palmerston said it was vain for Mr. Roe- Duck to attempt to select @ single member of the govern- mont aod hold bim up to obloquy. Earl Russoll was the organ of the government in all its comrounications with Coreizm Powers, but ne took no step without concert with ‘this colleagues, and he (Lord Palmerston) was equally re- Sponsible with him for every step he bad taken on Ameri- can affairs. The rebel agente bad acted in contravention Of the Foreign Enlistment act. There was no proof of enlistments by the federais in Irelana. Tho argumsnts in the Alexandra case bad terminated to toe House of Lords, and a day wasto be Oxed for ¢ livertng the decision. The men who were sald to have enlisted on board the ‘United States steamship Kearsarge, at Cork, were to have & trial before the Judge of Assizes in that city. ‘The rebel cotton loan advanced about four per cont in two days, Maximilian and bis wife took their departure from London after a visit of a couple of days duration. They ‘wore entertained at dinner by Queen Victoria and the Prince of Wales, meeting the King of the elgians, the father of the Empress clect, on each occasion, Quite a umber of distinguished personages paid their respects ‘te the royal pair at their hotel, Maximilian was nogo. (isting a treaty with Napoleom, with a view to future ‘nilitary arrangements in Mexico. He was also bargain dng with @ pumber of Jews for a new losn of large amount. An endeavor was being made to purchase the claims of ‘the English bondholders on the customs revenue of Mexico, ‘Whe Governor of the Hank of France has received permis- Bion from Napoledn to engrave the notes for the Bank of Moxtioo. Mr. Stansfeld, M. P.,« member of the Palmerston Min- tstry, was agaim assailed in the House of Commons, as Deing in collusion with Mazzint and uther Italians, leagued to assassinate Napoleon. Mr. Disraeli treated the sub- fect as one of great foternatiooal gravity, Mr. Layard @aid the Freneh government had not made any commu- nication relative to the charge lately uttered by the public prosecutor of France against Mr. Stavs’eld. Maz- ‘lo! writes a letter tn defence of Mr. Stausfeld aud bim- pelt, ' The leading journals of St. Petersbarg deny that Russia has joined a new “‘boly alliance,” such as indicaio’ io the London Post. The Journal, of St. Petersburg, says:— Woverthotess, she (Russia) would not be the last to join @ holy alliance the objects of which would neither Coreaten the interests of nor exclude any Power, always Proepting those wishing to Intrigue a: 1 who are in reality Doth to the liberties and prerperity of nations. military situation was maintained im Schleswig- Botstéto ; but the news reports look more favorable to. ‘wards Hegotiations for a peace, | Fighting suit contioged in Poland, Goats were soon near Warsaw. ‘The French and Papal troops in Rome had fights in the ‘Btroets of the city almost daily, and @ good many men fhad been Killed in the conflicts, which were of quite a so. Flous baracter, The Pope's bealth was improving. Dotadis of the fright!a\ ca'guity caused by the bursting Of the water reservoir Lear Shoield, Eagland, are given. Almogs two bundred dead boties hid been found. ‘The grant cricket match ix Australia, between the All England Hleven and Victoris Twenty-two, terminated in a Grawn game, after a contest of four days’ duration. The concourse of spectators Was immense, and avery large eum of money wre realized by the exhibitioe. Mr. Charlea Kean hed been dangerously 11! in Anstratia, Fle was to leave Sydney immediately for the Maurities. The Liverpool cotton market was buoyant on the 14th Qod 15th Of March, and tofertor qualities experienced an @4vance of from one-fourth of a penny to one peony, A band of insur- NEW YORK HERALD, MONDAY, MARCH 28, 1864, was quiet, with pork firm: Console closed ie Londen on the 15th of March at 0134 0 91)¢ for money, and 91¥ ~ 91% for account. MISCELLANEOUS NEWS. By the arrival at this port yesterday of the steamsh ip Champion, from Asptawall on the 16th instant, we have later advices from Mosquera’s republic of the United Btates of Colombia. Murillo, who bad been declared by the Congress the legally elected President of Colombia, bad not yet been inaugurated; and, though it was thought that Mosquera would not interfere to prevent the inau- gural ceremonies, it was suspected that he intended to stir up the lower classes against Murilio’s admioistration, in order to bring about another revolution, lodced, in bis last message to Congress, Mosquera uses language caloulated to get the poorer people at variance with the landholders, even advising the former, if their wants are not supplied, to take what they need. Tho sending home of Senor Murillo, the President elect, in a United States war vessel, was regarded by the Colombians asa very handsome compliment on the part of our government. ‘There is no news of interest from the other South Amert- can republics. Thomas McKeon, convicted of the murder of John Conlan, was sentenced on Saturday by Judge Scrugham, in the Brooklyn Court of Oyer and Terminer, to be hung on Friday, the 20th of May. The prisoner is a very young man, aod was asallor in the navy, and at the time of committing the fatal deed was intoxicated. His counsel will endeavor to procure him a new trial. Toe Twonty-sixth United States Colored Volunteers— the second regiment of the kind raised in this city and vicinity—took their departure for Annapolis, Maryland, yesterday. The regiment arrived in the city from Riker’s Island about two o’clook in the afternoon, but only remained long enough to be transferred to the gov- ernment transport Warrior and to receive a stand of colors, the gift of New York Iadies. Mr. John Jay made the prozentation speech, which was responded to by Colonel William Silliman, the commander of the regi- meat, ‘The mecting called for this evening to protest against the allesed corraption of the municipal authorities of this city will take p'aco at Brookes’ Assembly Rooms, Broome street, near Mott. Yoaterday, being Easter Sunday, tho anniversary of the resurrection of our Saviour, was observed with appropri- ate ceremonies in most of our city churches. In many of them the special music propared for tbe occasion was of & most superior order, In consequence of the continued fliness of Surrogate Tucker the Surrogate’s Court stands adjourned without day. hr. Tucker was reported yesterday to be recover- ing. The Hon. Schuyler Colfax has reconsidered his original intention of not again accepting a nomination for Con- gress and in a letter recently written has expressed his willingness to abide the wishes of his constituency. A fire at New Oricans on tho 13th inst destroyed $200,000 worth of property. The Reorganization and Reinforcement of our Armies—What is Necessary for Success. Reorganization is actively in progress, and is the paramount business of the day in all our armies. It is an evidence of the infusion of new life and new vigor. Naturally reorgani- zation commences in an army on the day after battle. Companies get new captains, regiments new colonels, and brigades new brigadiers; and this reorganization fills up the interval of camp life until another battle makes it again necessary. But aftor many battles greater changes become equally necessary, and com- pany merges into:company, regiment into regi- ment, and even corps into corps—as we-have recently seen in the Army of the Cumberland, and later still, and on a grander scale, in the Army of the Potomac. Though some melan- choly ideas seem to be inevitably excited in the soldier’s mind when the corps of which he has been a part loses its identity and is merged into the existence of an organization with which, perhaps, it had some rivalries, there is no doubt that the present change in the Army of tbe Potomac will have a good effect on its morale. Soldiers feel better on the field when the line isa long ono than they do when a division looks like a brigade, or when a regiment looks as if there were nothing of it but the color com- pany; and, though they may for a while feel a little cold in their new companionships, the strangeness soon wears away, and the most diverse fragments are readily welded into one magnificent whole in the fire of battle. We regard this consolidation, therefore, as part of good plen for the entire reorganization of our armies. If the whole plan of reorganiza- tion and reinforcement be carried out in a thorough manner, and with proper vigor, we will take the field this season with one million men, admirably distributed and equipped for all the purposes of an ermy. Our effective force, with this number, ought to be at least seven hundred thousind men. And the most sanguine estimate does not give the rebels more than three bundred and fifty thousand with which to oppose us. We ought, therefore, to crush the confederacy by mere weight. But -it is not the first time that our armies have doubled those of the ene- my in force, and we have seen that it is futile to place a blind reliance on numbers, Seven hun- dred thousand men in six armies, operating on different lines, at different times, will be wasted in detail against two bundred thousand con- centrated under an active general. Every great war shows this over and over again, and, above all, our own war shows it. It is as simple as that two and two make four; yet it is from a neglect of this very simple principle that we have hitherto failed to destroy the rebel armies. Organization is necessary, men are necessary, and material is necessary ; but concentration and concerted action are more necessary than all. Enough men bave been assembled at Washington city, under the orders of the President, to have gone to Rich- mond over every armed man in the con, federacy ; but, instead of concentrating there a sufficient force for the purpose, that great strength bas been dissipated in useless efforts all along the Atlantic coast. We bave had Hatteras expeditions and Big Bethel, Roanoke Island and Florida cam- paigns ; Port Poyal has been taken, and Fort Pulaski, and there have been sieges of Charles- ton, and all to no purpose, except to murder men; and all this effort, with the effort wasted in the Shenandoah valley, added to even the very worst of our advances against Kichmond, must have taken that city. All the effort made in the Kast has failed for want of concentra- tion. And Grant succeeded in the West because he Knew s0 well how to concentrate, ag. well as ‘When to strike. General Joe Johnston’s report to the rebel Adjutant General of last summer’s Operations in Mississippi (recently published in our columns) is one continual eulogium upon Grant’s,abilities in this respect. In the confede- racy the value of the concentration of armies is understood, because the government is in the hands of military men, Concentration is counted on as an essential element of force. That men may be preseat on the ficld in the su- preme crisis of # battle the Southern genorals will strip every position of minor consequence to the last man, relying beldly on that golden maxim of Jobnst1n—that “success will give back what is sbandoned to win it.” Such an idea on thie never occurred to the Washington Direc- tory—though our armies hold fifty inconsidera- Wrvedgiew wery comeretiy quiet, tne proviaion market | bie nelnta, the men from any ten of which 2 wouta a=re saved the battle of Chickabominy, Between the stratagy of the Directory and that of the rebel generals there has been this radi- cal distinction: that one disperses and the other concentrates men; and it is for this reason only that, while we havé had under arms two or three times as many men as the South bas bad, we have so often been outnumbered in battle. Concentration, then, is what glone can give us success. No one understands this better than General Grant does, and if the adminis- tration and the radicals will only relinquish their intriguing and President-making, and sup- port the commander of our armies with all their might, there can be no possible doubt of the result of our next campaign. Rapid Progress Practical Miscegena- liom. > It is very well known that some of the prin- cipal persons connected with the Union League in this city bave a proprietary interest in the New York Times, and, in consequence, that paper may be fairly regarded as the official organ ef the association. It is also proper to suppose that the conductors of the paper are cognizant of the movements of the League, and thoroughly posted in to the ope- rations of the body, am which are the getting up of flag presentations ‘to colored troops, with the oustomery amount of pomp and an extraordinary display of female loveli- ness and grace.. They must also be in tbe secrets of the miscegenation programme just adopted by the League and endorsed by some of the first members of fashionable socioty of the smutty republican type; and they must, furthermore, be considered as regularly “be- hind the scenés” whenever any scandalous performances are going on among the miscege- nators as a couple of chaps happened to be on a recent occasion at the Brooklyn Academy of Music. With this explanation, then, our readers can fully appreciate the temper of an editorial article on the subject of miscegena- tion which is to be found in the columns of the Times in its issue of Saturday last. Although prepared for a complete confession eventually of the soundness of the doctrine of miscogenation by the nigger and other free lovers in the North, we must admit that we were not expecting this candid acknowledg- ment of the beauties and excellences of the system at the hands of such a pink of neatness and good propriety as the editor of the Times at this early period in the discussion of the sub- ject. Greeley, of the Tribune, or Tilton, of the Independent, might have bad the au- dacity to commit such a shocking affront to the good sense and good taste of the men and women of New York—as they have already had the audacity to do the same thing, or worse, through the columns of their papers; or Henry Ward Beecher might have had the boldness to avow his adhesion to the beastly doctrine; or the Reverend. Liberty, Equality abd Fraternity Billings, who is° charged: with the paternity of the South Carolina Gibeontte i that so strangely aroused so much vir- tuous indignation among the nigger lovers and smiscegenatorsvery lately, might have broke out in some stich declaration in some obscure village in New England; or almost any other person prominent for his belief in the colored and mixed philosophy of Greeley or Tilton might have thrown down the gauntlet, avowed him- self a proselyte to the new faith, and dashingly assumed the championship of the diabolical doctrine. But who would have: imagined that the dapper “Little Villain” of the Times would have exhibited so much boldness and independ- ence? Who would have charged him with cast- ing aside those high and striking moral re- straints and those chivalric and exalted princi- ples he imbibed while in the same school of journalism with James Watson Webb? But perhaps Webb would be a miscegenator were be here. And, furthermore, perhaps the whele scheme may have been concocted years ago by Webb and Raymond, and left until the present day to unfold itself, Raymond tak- ing the leading part, while Chevalier Webb kept on drawing his salary and playing euchre at three shillings a point with the British Am- bassador at the Brazilian Court. Stranger things than these have happened, and are happening every day. One happened the other day in Union square, when the Union Square Club of white men, bearing respectable characters, encouraged and countenanced some of the most accomplished ladies of the haut ton to proclaim their love and devotedness to a regi- ment of Pompey Smashes—an act of devotion never vouchsafed to any regiment of white- skins. And another stranger thing is reported to have happened lately in Port Royal, where a number of white ladies from New England, finding the coinage of American gold.eagles rather slow and tedious, produced a number of beautiful yellow beys themselves without the aid of Uncle Sam’s Mint. Therefore we should be surprised at nothing now-a-days, least of all the espousal of the championship of the cause of miscegenation by the editor of the New York Times. In the article to which we have reference the Times apologizes for not having before paid the attention to the subject of miseggenation which its importance demands, and makes the alarm- ing confession that “the rage for marrying black people which bas taken possession of the republican party is on the increase.” We learn from the same authority that, not satie- fied with what they have already done to bring about a fusion ef the black and whiteraces, the Union League Club have established convenient apartments at their club rooms for the accom- modation of those who wish to prove the bene- fits of miscegnation by practical experience; and, to facilitate the business, a colored clergy- man will be in constant attendance to unite all whites and blacks who may require bis ser- vices. The Times gocs further, and exprosses its conviction that if things (miscegenation and those things) ‘‘go on at their present rate, in three months every white man who is not con- nected by marriage with a colored family will be read out of the republican party.” Further on the Times’ writer refers, as @ matter of alarm, to the gusto with which the young peo- ple go into this movement.” He wishes the old boys and girls to havea fair change, per- haps: “Again, he speaks of “the stories which Teach bim as to’the prevalenes amongyt qoute whito’ Isdies of s preference for colored men blacks having the precedence in all where there is room for choice.” The ‘writer expresses the opinion “that there will be soon no whites loft in the country,” and iat “the wholesale intermarriage with negroes, or of all marriegesble republicans and their sisters,” is an ovent which may be regarded as the result “patarelly following hostility to slavery.” ‘We could scarcely believe these statements id we not sco thom deliberately made ia the columns of a usually tolerably veracious print, and in letters of black and white, literally in niiscegenetic characters. Truly, “whither ar we tending?” But why should apy one become alarmed for the fate of the white race, when the free lovers of free niggers see so much of beauty, dignity, heroism and eminent gravity io the negro composition? The Times’ views, extreme as they are, are plausible enough when we consider the number and standing of the male and female sympathizers in the belief of the equality of the two races. And, then, look what an immense army of marriageable heroes these colored chaps present! Over seventy thousand fm the field, covered with glory and dirt, and each one capable of becoming a strapping husband to some eympathizing dam- sel of the Loyal League Club school. Verily, many curious things are occurring around us, and he is a sensible man who fails not to learn wisdom from the printed record of every pass- ing hour. The Spring Campaign te the Metropo- \is—The Opera, the Fair and Uther Things. We have bad two equinoctials, which fact proves that the season we ere entering upon will be an unusual one. To the snow, sleet, rain and wind succeeds the calm. Nature will now repose while man kicks up hie hullabaloo, Generat Grant now has his turn, . He waited patiently until rude Boreas should have done; but now that his time has come he° will prepare to “(move on the enemy’s works,” and the result shall doubtless be written in letters of blood upon the annals of history. Grant is opposed to reviews and dances. Ho is filled with a due sense ofthe great responsi- bility resting upon himself and those under bis command, and objects to balle, save those to be hurled at the enemy. We sball hear from Grant end bis—Army of the Potomac at the right time, and’ so will the rebels. We are in- clined to doubt their receiving the General as a welcome visitor. However pressing he may prove, they will accord him tbe hospitalities of Richmond with a very bad grace, and that only after be shall have loudly and persistently argue] the matter with them. Maretzek, who, like Grant, is chief in com- mand of all bis troupe, will likewise take ad- vantage of the lull in nature’s storm and com- mence at once, with the swelling of the buds,a grand onslaught upon the public. He comes fresh from great victories in Boston, where the people surrendered at discretion. All the more audacious from this success, Maretzek will attack New York with irrresistible fury. Notes will first be exchanged. The publio will give Maretzek all the greenbacks he wants, and then be will give in return those issued by Medori, Brignoli, Mazzoleni and others. We are inclined to the belief that the masses will capitulate with the best grace. Threatened by movements on all sides, the Sanitary Fair, renewed attractions at our places of amuse- ment, how can the people resist such formida- ble assaults? ‘They will make a feeble effort, but will be crushed to submission by Maretzek first and the Fair and theatres after. This impressarto, not content with giving us Faust, which has the Devil in it, is actually going to give, in the game week, Robert the Devil. But where is Ione? Against theso infernal agencies resistance were vain. It is painful to know that at this precise time the number of Maretzek’s victims is largely increased. The town is full. In the hotels people sleep on cots, in the passages, in the balls, even in the cellars. The boarding house keepers have be- come difficult of access. Their places are all full, and it grievos them to thrust back into the streets the hundreds of homeless wanderers who beg for shelter. The hotel keepers kick these people away. The boarding houses, un- accustomed to all this rush, have as yet a sense of shame left, and would like to treat people with some show of respect. The hotels now despise humanity, and treat it accordingly ; they find people begging to be taken in, and they become callous amid all this misery. From this day New York wilh dance, sing and be gay, spite of dangers, of war, of high prices, of growlers who rail at extravagance and shoddy. The ladies will dress more beautifully and expensively than ever; the gentlemen will crowd Wall atreet in the day, the Opera, the theatres and Delmonico’s at night. They will drive fast horses and spend their money freely, and will not take time to care that a great civil war is desolating a portion of the country. Over a volcano, in the shape of five hundred tons of gunpowder stowed away in our harbor, they all, men and women, will revel without a thought or a care of its explosion. Yes, with instantaneous destruction at the door we shall be gay and careless. With bundreds of tons of powder belonging to the government in such close proximity to the city that were a spark to ignite it we should all be blown into utter chaos and ruin, and leave nothing but_a wreck behind, the Opera will be orowded, the Fair will be crowded, the hotels will be crowded, and the gambling houses and Wall street will be crowded. With the hope that the adminis- trator of this paternal government will take care of the powder, we shall pay no attention to this additional danger, and go on in the even tenor of our way to be amused by Maretzek, the Fair, the theatres, and last, but not least, the noble the Count Joannes, who will lecture to-morrow evening in this city upon the codfish ‘aristocracy ot the “ Hub of the Universe.” Sri at Ir.—The Tribune continues its un- profitable labors in the work of defaming and deriding the military exploits of General Mo- Clellan, while the World appears as eagerly to séjze upon anything calculated to weaken the public confidence inGeneral Grant. Gree- ley, in his rage resulting from General McClel- lan’s popularity, is rapidly gettlog crazy, while Barlow does not see his way clear to the spoils through the popularity of General Grant. Greeley is the abolitionist rampant, ‘and Barlow the copperhead couchant, They both belong to # breed of those scurvy politi- clans that have brought the country to the verge of ruin, and they would see their wicked’ lwork completed to gain.» mess of pottage. Their patriotic readers should discontinue all such tiiserable party organs at this orisis, ‘and qhintle them down the wind.” Ovrnons Br Omenos Darvans.—We noticed yesterday the injuries received by a lady who was driven over by omnlbuses racing. They were going at such a rate of speed that the po- Moe were unable te stop the vebicles until the lady was fatally wounded. We bope that ber friends will oarty out their duty to the public in this instance and prosecate the ommitus pto- prieters. Any jury would surely award large dameges in such ® case, and this would render guyoh Pookleag pega Leaa freauent. Tos Newsraren Puess snp Tu8 Srecu.ativs Maxua—New Movenenra.—The Times flads that the decided sucsews of our military operations this summer would be a great disaster. There fs no donbt that the failure of our summer campaign would be a very great disaster. No one, therefore, ought to for the failure of our summer campaign; and, as we are told that its decided success would be disastrous, we car not bope for that. So what can wedot We ought to hope that we may succeed a little, out of respect to our financial condition. We ought to wish that Grant may not annibilate the rebellion by one or two Cyclopean blows, but that be may worry it and wear it owt—kill it by incbes—go that stocks may be let down easily from their present high places, and so that there may not be a sudden and fearfetcol- lapse. Suob fs the position of the Zimex The Times ia owned by stockjobbers who were once bulls, They dealt in steady stocks—rnil- road stocks, bank stocks, &.—and these, with the changes incident to the war, went up. So the Times men made money. There is a limit beyond which such stocks cannot ge. They reached that limit some time since, and at present they merely oscillate at that point. Assthere is no use to bull the market any longer, as the advantage now lies all the other way, the bulls have become bears, and the Times ope- rates for lower prices, with gloemy disquisitions upon the terrible consequences that Grant's success may have upon the stock market. That is one phase of-speoulation ; but there is another. Railroad and. bank stocks in such periods as these are the first to go up. They reach their highest point, and stay there, and 80 afford an insufficient scope for “business.” Next comes, therefore, an army of fancy stocks—mining stocks of all sorts, gold, silver, copper, &c.—all bogus. By the time these ap- pear the fame of fortunes lately made in stocks has attracted to Wall street a goodly deputa- tion of green ones, who fall victims to their speculations in this line. The organ of the clique of stockjobbers who work this vein is the World, and a glance at its columns will show their present activity. Tux Frenca in Mextco.—By the recent ad- vices from Mexico we learn that the town of Guadalajara, which was in the possession of the French, has been recaptured by a Mexican force, who took seven hundred prisoners and twenty-four pieces of artillery. This blow will affect the invaders all the more as it proves to the Mexican people the possibility of resisting with success the inroads of the Freach, and will incite them to still] more desperate attacks. The Paris journals received here lately admit the frequency of the attacks made by Moxican guerillas upon the outposts and stragglers of the French army, and recount that the courlers and bearers of despatches going from the city of Mexico te the coast are invariably assassi- nated unless protected by an escort of at least two hundred men. At present the French in Mexico have ar- rayed against them the majority of the people, the church party and the liberals. With such an opposition to contend against, the invaders can- not dream of retaining quiet possession of the country. It will bea revival of the desperate guerilla warfare against the French in Spain, and must result in like manner, in the ultimate defeat of the former. When it is taken into consideration that ere long this government will Le called upon to assume a stand on this Mexican business, it may readily be understood that Maximilian will not be seated upon a throne of roses, should he ever mount that of Mexico. It is really wonderful that so shrewd @ man as Napoleon III. should not at a glance see the difficulties of this silly Mexican scheme of his, and at once abandon it. Time but ren- ders its complications all the more difficult for him to solve. He should, like Alexander, cut the knot, and then run. Great Aotivirr Aono Tae Fremont Mev.— Now that Chase is out of the way, the anti-Lin- coln republicans and all other republicans op- posed to the perpetuation of Old Abe’s shoddy dynasty are working like beavers in favor of Fre- mont. The zeal and activity displayed on all occasions by the radical republicans, who are and always have been the fast and firm friends of the Pathfinder, are conspicuously displayed in their present endeavors in bebalf of their favorite. They are not confining their exer- tions to noisy and empty displays or to. bom- bastic resolutions and speeches; but they adopt practical measures to secure an influential po- sition, where influence is most serviceable to their objects. Hence we find them already at work securing delegates to the Republican State Convention, which will be held in Syracuse in May next, and they are otherwise zealously laboring to head off Thurlow Weed and all his wily wireworkers. By a determined and united effort on the part of the anti-Lincoln men, dele- gates of the right Fremont character can be elected to the Syracuse Convention, and from that body a strong set of delegates can be sent to the Baltimore Convention, where their influ- ence will be felt in settling the question of the Presidential nomination. Lot the Fremont men keep on working earnestly and zealously, and they will be certain to accomplish their aims. Poor Santa Anna—This celebrated person has for several years been living at St. Thomas in s quiet manner, enjoying to the full his fond- ness for cockfighting; thinking, however, that a chance for his peculiar talents was made by the invasion of Mexico and the occupation of the French, Santa Anna went there, but was summarily dismissed by’General Bazaine, who sent him out of the country. The French seem destined to extinguish Santa Anna, At the bombardment by them of Vera Cruz, under the reign of Louis Philippe, Santa Anne lost his leg; now, under Louls Napoleon, he loses his head—politically. Ovr Goin Gonta to Exouann,—By the Cham- pion, from Asptawall, we ‘learn the arrival at Panama of two! millions and a half of gold; which the Golden City brought from California, Only two hundred and seventy thousand dol. lars-of the treasure comes to this city—the rest going to Pngladd ef a ‘measure of security, | We may thank Secretary Welles for the send- Ing of our p: te to Regland. ‘The Funeral of Mr. Matthiag W. Geed erson. TO THB DITOR OF THR MBRALD. vy Pane Hopsa, Merch 91, 1804. ‘Tha faneral ceremonies will tale place from tne Methe- iat chared, {0 atreot, near Sith avenee, inatend ef Fourth avence, and will take place on beh pms ), 08 one o'clock P.M. ‘of Monday, as 1 eis te pear. Death of Judge : a 4 , died as Whe LA Pierre atid Of Uanads, a Capture of Paducah by Gen- eral Forrest. Desperate Defence of the Post by the Union Forces, The City Sacked and Fired by the Eebels. They Are Driven Out by the’ Gunboats. Three Hundred Rebels Hilled and Over # Thonsand Wounded, Ge. &e., oe. Camo, March 26, 1886. Reports were ciroulate@ here this morning that the rebels, under Forrest, attacke@ Paducah, Ky., Gfty milea” above hore, yesterday, and burned part of the tows; buh, as tolograpbic communication ie eet off, ne autbentio tm» formation could be oDtainea, ‘Tho steamer latan, from Nesbvifle, passed Paducah od Ove o'clock this morning, end the Joseph Pearce, whic passed two hours later, brings the fellowing account of the affair: — General Forrest, with aa cetimated force of five thow sand, captured the place at twoo’cibek yesterday after noon, sacked and fired the ety. Colonel Hicks, commanding the post, occupied the fort below the city with about eight hundred men. The rebelq made four assaults on the fort, and were repulsed escd time, Three of our gunboats opened on the oly during its occupation by the enemy, muck of which was burned, including the marine railway nd the stewmer Arizona, the wharf boat, About three thousand of the inbabitants of the city moved across the river upon learning of the approach of the rebeis. Whon the Pearce passed at seven o’cleek this morm ing the enemy had left, the people were returning to the city and the fires were dying out. The amount of pubiie and private property captured is unkmown at present, but is supposed to be large, Our loss is twelve killed and forty wounded. Fromone hundred and fifty to three hundred rebels are reported kiled, among them General Thompaoca. Twenty-five bouses around the fort wore destroyed by . Our troops, as they were used by the rebel sharpehooters: as a screen. The headquarters and government store- houses were burned by the enemy. The associated press reporter bas gone to Paducah, tad will furnish the partioulars at the earliest moment, Carmo, Marob 27, 1664, A despatch from Columbus, Ky., says Forrest: an@ Faulkner are between that place and Mayfield. Thetr forces are in a crippled condition. Their streagth > much greater than it was at fret estimated. From twelve to Sfteca hundred rebel wounded are said to have arrived at May@eld from Paduesh. One Tegiment lost one hundred men, and one company bag fifty killed. ‘The rebels were marching towards Clintén at last ae counts. Shouid they attack Columbus they will receiv® a atill warmer reception than at Paducah. ‘The steamer Perry was fired into while passing Hic man yesterday. A large number of rebels. wore ia the town, Many shots were Bred, bet mopody was hurt. ‘The steamer Graham brought six hundred men Crea. New Madrid, who charged through the town; but the rebels had fled. They belonged to Faulkner's command, ‘Three hundred robels were killed at Paduoah and over one thousand wounded. Oltizens of the pines were killed daring the fight. city is nearly in ruiag. | A despatch from Paducah eays:—The Home Guarda surprised and captured Colonel Crosian and sevea of bis guerillas near Mayfield, Ky. Accounts from Washington. ‘Wasamaton, March 27, 1664. Com. Pennant, commandant at Cairo, telegraphs to the Navy Department to-day, that bearing that Forrest, wih six thousand rebel cavalry, bad ocoupied Paducah, Ky., sent up two gunboats, and demanded its surrender, whieh was refused, whereupon the gunboats opened upon the town, killing and wounding three hupdred, and complete» ly destroying the place. ‘The Kentucky delegation here have information simliag to the above, Governor Bramlette, who ie now in this city, reesived & despatch asnouncing that the rebels, under wore making @ raid on Paducah, Keatacky. © Misslesippi River News. ‘Munrmm, March 24, 1866. Major William P. Morris, paymaster in the army, @ Citizen of Philadelphia, died here on the 22d. Advices from Vicksburg furnish no news of interest ‘The brick railroad depot at Vicksburg had been destroyed * by Gre. It was stored with cotton, a large part of whieh was saved. Momphis cotton market dull, Good middling, 660. Carmo, March 27, 1666, Memphis dates to the 25th have been received. Oeste ton is unchanged, and there is no iaquiry. Helders man {fest no disposition to sell. Good middling, 6T0. ; strictly malddling, 660, ‘Tho steamer Desarc was bnrned at Duvall’s Ble, White rivor, on the 22d, while lying at the levee. She was towed Into the stream and sunk, thus saffig a num- ber of other boats anda large quantity of government stores on the landing. She had three hundred: bales ef cotton on board, most of which were destroyed. The boat was owned by Champion & Ogden, and was valued i ‘This evening Mr. Maretsek commences his operatic season with Faust, To judge from the ber of seats already pold and the boxes en; will be the usual jamon this occasion, This ab successful tn Boston as here, the people opera house to hear it sung, spite of suow, ‘The season in Boston was brilliant. Brignoli by the Bostonians with great favor. nang mirably, aa all the critics assert, showing loss of voice and acting with more energy than is his wont, owing to the kind and flattering recep» igi i lieail ee ‘ton he met with. Mazzolen! was, as usual, most success ful, as were all the artists of the troupe, Biacbi is etill, we are sorry to announce, quite unwell. Miss Laure Har- ris made a favorable impression in Boston. During the woo we are to have Faust and Robert Le Diable, Jone, Petrolia’s beantifal composition, will beanziousty tooked for by the public, as this opors te one of the OPERA IN THE WEST. A! Me. Grae continues his operatic performances in Cla- cinnati, and will shortly open in Louisville, He bes added to the strength of his company by engaging Mme. Virgtota Whiting Lorin! as prima doona, and Signor Amo~ 4jo an barktone, These artiate have just retuned fromm, Havans, where they wore mort favorably reosived BY the Hedeneros. Mile. Morens!, the centralte, has again joined the Grau troupe. a v do Lavedn, apnisted) dy artints of repetation, will chr stead acer ab Nibio's saloon ou Woanestay (Be: . 8, ©. Campbell, the’basHoney WAI give om the 2d of nt poked grandsqoneers ab Irving Hall, Mr, Camp- wilt be ably scsicted. on this coceston.