The New York Herald Newspaper, July 16, 1864, Page 4

4 NEW YORK HERALD. JAMES GORDON BENNETR EDMOR AND PROPRIETOR @FTiOs H, W. CORNER OF FULTON AND NASSAU STS. _—— ~ & AMUSEMENTS THIS EVENING. BIBLO'S GARDEN, Brosdway.—Sxa or Ios. WALLACK'S THEATRE, Breadway.—Tas Wissixa OLYMPIO THBATRS. Broadway,—Bxcusm Orzna— Mas Diavoro. | BROADWAY THEATRE, Broadway.—Faunca Srr— Devise Goon Joxn, NEW BOWERT THEATRE. Pespeeiok Tas URRAT—LITTLR SENTINEL. BARNUM'S MUSEUM. Broadway.—Two Grats, Two ae ee Wmaz Js lt. dc, a: ail houra Ma- Sand 7% P.M WOOD'S MINSTREL BALL, 514 Broadway.—Brmorux @owas, Daxczs, &c.--Wuo StoLs rae Carret Baa ~Maserra— CAMPBELL MINSTRELS. 199 and 201 Bowerv.—Vanimp ano Bxorina MeLanos or Ermioriax Oppiries, fF ANATOMY. 618 Brosdway.— FH 7% M. Ui 10P. Fads New Work, Satucday, July 16, 1664. ——— THE BITUATION, ‘The rebels appoar to have entirely vanished from tne front of Washington. ur troops were following them esterday, baving crossed at Edwards’ ferry, but there Qs n0 acoount of any conflict. Trains wore beard run wing on the Orange and Alexandria Railroad during the dey up towards Manassas; It was supposed that Early and Breckinridge were carrying of a Portion of their plunder in that direction. It is now de- @led that the rebeis had at any time possession of avy Part of the fortifications of Washington, as at first re- ported. The militia receatly called out for the defence of the capital were mustered out of service yesterday, their ‘Qgsistance being no longer needed. General Grant, although not making any serious demonstrations at present against Petorsburg, is working @way cedulously with the spade, throwing up such fortifications as must ultimately prove not only im- preguable against assault, but all powerful in reducing tho city. ‘The rebels fred upon the steamers George Weems and ‘United States, from e field battery, near Wilson’s landing, = Thursday. The former had s portion of her stern knocked off and three shots passed through the latter. Geveral Sheridan has gone on another raid, the object Of which it would not be proper to state, Wo learn by despatches from San Francisco that official imformation has been received at Guaymas, Mexico, of a couspiracy to seize one or more of the steamers on the Coast for privateers, and that a party has been seat from he South for that purpose. The persorfs” indicated are gaid wo beat Guaymas, where ateps have been taken to shock them. ‘The American Consul at St. John, N. B, has notified the Governor of Maine timt a emall gang of Southern emigrants lett &. Joha Wednesday night to commit! de- predations oa the frontiers of Maine, ‘We jearn from the Nashville Union of the 18th that General Sherman's forces bad driven back the rebels and swore then in {ront of the fortifications at Atlente. EUROPEAN NEWS. an AQHUTAS: OATH AsIoy wan ‘NEW YORK HERALD, SATURDAY, JULY 16, 1864. noarly corsered for want of funds to operate, Petroleum | The Great was Gul, and much lower, but nominal On ‘Change there was quite a panic, and al! the leading staples were materially lower. Pork declined $68 $1 per bbi., four ‘Thc. #1, wheat 100 0 20c., lard ic. a 20., and whiskey 6c. a 8c. All other articles operated im wore more or ees off. Freights were Grm, with a fair business. Lee's Last Fatlure—Our Opportunity. We bave at length some definite particulars of the invasion of Maryland, in which it can be seen that its real object was the capture of the national capital. It was made by a columa at least thirty thousand strong, and very prob- ably stronger still, under the command of Gen. Early. His infantry was commanded by Gen. Breckinridge and his cavalry by Gen. Ransom. He was well supplied with artillery. Crossing the Potomac at different peints, the various parts of the column were to move on converg- ing lines so as to concentrate at Frederick, or between that and Washington, and at once ad- vance agalnst the city. The resistance at the Monocacy, perbaps, compelled the concentra- tion there of a larger force than was intended, and so delayed the advance. Hurrying on, after this delay, the enemy approached the capital in-geveral tines. He hoped to storm the de- fenges on Sunday night, but perkaps could not get in position in- time. He then arranged to storm ‘the next day, but on that day dis- covered the Greek cross of the glorious Sixth corps in the forts, and, concluding that he could net sterm such forts, held by such men, he bur- tied away, the rebel soldiers, who had been promised the possession of Washington, literally cursing that they had marched three hundred miles for nothing. General Lee has thus made a desperate at- tempt to relieve Richmond and his own lines from the steady pressure made by Gen. Grant, and his attempt has ended in complete failure. Many advantages to the rebellion were doubt- less contemplated by the projectors of this invasion. Plunder and cattle and horses were some of these advantages. We know that the rebel cavalry has lately been lamentably ineffi- cient for want of horses, and it is likely that a large part of the foot force lately in Maryland was dismounted cavalry, which made itself effective by the capture of horses at every step of the way. But the great and main advan- tage hoped for was the diversion ef the Army of the Potomac from Richmond. Lee’s earnest hope was that a dashing threat against Washing- ton would so operate on the fears of the adminis- tration that the whole army would be withdrawn from the James, and thus the war be at once transferred from the neighborhood of his capital to the neighborhood of ours. Or, if not the whole army, he at least hoped thet so much of it would be turned away that the remainder would not be able to hold Grant’s position against an im- petuous assault. But Washington has been held against this advance, and the rebel columa compelled to retreat, without any material change in the state of affairs on the James. Grant still stands there—still presses tightly the throat of the confederacy; and, though men were sent by him te Washington, they did not so reduce his-atrength that Lee dared venture an assault, Much ruin has been spread through rich agricultural country by this advance; but it The steamship Caledonia, from Glasgow on the 6th of | has not in any way weakened our main army July, passed Cape Race yesterday morning on her voyae to New York. Her news, which is three days later, has been tolegraphed to the Hens: p, and ts published in our Columps this morning. or broken the force of our offensive operations against the rebel capital. It has weakened the force entrusted with the defence of that capital. ‘Mr. Disraeli's want of confideace motion against the | Whatever the strength of the rebel column Palmerston government had been adjourned. ‘The United States frigate Niagara bad been ordered berm from Astwerp to Cherbourg. It was said (bat the priva- sia Log teer Flor.da was outside of Cherbourg watching the Keoarsarge. ‘Two officers of the Kearsarge were entertained at a Public breakfast by the Union Americans in London on the Fourth of July. ‘The Germans were employed in erecting batteries at Middleport, opposite Funen. The Swedish sqasdron on. received orders to put to sea immediately, Ibe blockace of Dantzic and Pil!aa was re-established byjthe Danes, and the lighthoures wereto be extinguished under certain contingencier. Napoleon was about to go to Vichy from Fontainebleau, it now to receive no us, it will return to Richmond minus one-third that strength, lost in battle and by desertion. It will return rich in horses and much needed cattle and in small supplies, but defeated, and with- out having accomplished the real object for which it set out. It may make the empty boast that it went as close to the defences of Wash- ington as Grant is to those of Petersburg; but it could not stay there. Broken and worn out by an awfully hard service, it will return to find was, supposing ‘Tae Bpoca of Madrid officially contradicts afreport of the that its bard labor has been useless, that Grant prevalence of disturbances in tbe provinces of Spain. ‘The financial ‘and commercial reports of the Caledonia ‘ave not come to hand. MISCELLANEOUS NEWB Une of the most destructive conflagrations we havo bad for @ long time occurred yesteraay in Brooklyn, at the foot of Joralemon street. The fire originated im @ warehouse occupied by Messrs. Jackson & Woedruf, which was filled with inflammabie goods of every description, consisting of nitrate of sods, guano, petroleum, &c. As the fire communicated to the @itrate of soda terrific explosions occurred, which slarm- ed the whoie city, and caused considerabie damage for blocks around, tearing down ceilings, smashing io win- dows, and in one instance demoliebing one side of a bwiding @ quarter of smile eff. The fire raged furious'y for several boars. destroying a vast amount of property, ‘wu, as the explosions followed infquick succession, reo erm it extremoly dangerous for avy one in the vicinity. tnyured ; uy pores . wht. ‘The Gre also commun! damage wi ext ished before much ~ — totally consu. Helene, © Hamburg brig, wae ‘The shipping was in immisent danger, but, owing to the assistance givea by the tugs and other boats, cacaped the Shreatened danger. The greatest consternation pre yailed, snd many conflicting rumors were ect afloat about the Russien frigate being on fire and firing into the city, a rebel gunboat sheiiing it, &e.; Dut the facts, though bed enough, would not bear them out. The loss is esti- gaated to be about one million dollars, part of which is covered by insurance, though not all. ‘The prestest oredit is gue to the fremes ‘and harbor police for the a-ee4 in pubduing the fames sod ~~ am, containing between eight anu ._. hundred rebel prisoners, on their way to Elmira, N. Y., came ta collision wit acoal train betwoon Lack 90d Shonola, Pa., yesterday wfternoon, killing aad wound- property. saving ing & bupared persons. The steamboats & F. Dix, Cheroree, wots gow, Sunshine and Northerner, with their tecigne: Cee destroyed by fire at St, Louis yesterday afternoce. we Jona of property is estimated at half a million of dollars. Wo have @ Gile of papers from Monrovie, dated at Tdberia om the 6th of April. There is no news of in- torent. Commander Benedict, of tbe Liberian navy, who Commanded the war vesse! Quail in her encounter « Tow years since with » Bpavish steamer, died of dyncotery Robertaport. In the case of the people ve. Amor J. Williamson, an opinion in which wasto Bave been rendered Wo day by Judge Braay, the decision at the requent of counsel, was Postpoved tiN Tuesday next. In the cane of the United States against Isaac Hender- fon, lato Navy Avent, charged with fraeds upon the gov- ernment, after 4 full bearing Commissioner Osborn, wefore whom the examination was beld, yesterday com. witted the accused ior iriat Judge Barnard, in Supreme Court, chambers, yesterday, rendered @ decision oo» return made by the warden of the chy Prigon, on ® writ of habeas corpas to show cause ‘why be detained in custody w. Hy: What the warden of the City Frise hat os sigh So rosote Or retain & prisoner of the United states, ‘The retarn was therefore heid insumictent, the retore setting forth bat Jones was helt by the warrant of United States Mesebes Murray os © blockade runoer And prisoner of wer. Onqervercial affairs were eti!l unsettied yesterday, the Gerling in gold having exerted & controiting io Kvorythieg in the domestic calendar was lower, Pat wartinniariy domestic prodiice. (he speculators being 4 16 » Whicb could not be got out in time; bat on all BATES: The is still there, and Richmond as hard pressed as ever. Its arrival under such circumstances will deepen the gloom that is already settling on the Richmond people. But all this ts supposing that its present line of march will lead it safely into Richmond. There is at least a fair probability that it will not, and that Lee will have even more to grieve over than the defeat of this column. General Early, to cross the Potomac, must move some distance norte of Washington, and, having crossed the river, he must then march the same distance southward to be only opposite Wash- ington on the other side of the river. Our troops, crossing at Washington, can thus reach a point opposite that city in either the Bull run or the Shenandoah valley before the rebels can. In other words we have interior lines on which to operate against a retreating enemy, and if we make proper use of these lines Katly’s column may be destroyed entirely. There is ré 73 to hope that it wilt be. tunity of oat bour furnishes the grand oppor- eutusiniah vreabucstament. Tt is the hour of “ racy bas yet seen. ‘arsil that the confede- ied 6 Vilgials "tl fn “¢re8 ate concen- man is once more going shead; he". Sher last stage to Atlante, and Johaston ts used ik? Pressed desperately in Virginin, the enemy has just tried a last and most desperate resource to =atievye ‘his vital point of that pressure, but bas tricot, vain. He is weak, exhausted, dis- heartened, demorelized uuder that failure, and & great blow given now must finish him com- pletely. Py la not what General Grant may do to vantage of this failure of the enemy— whether Dé win 218 ana destroy this pire column on its return, or badly cripple in its absence the body left behind. But the govern- ment bas it in its power to administer a blow that, in conjunction with what may be done by General Graut, will destroy the rebellion be- youd hope. If it can have the magnanimity to call General McClellan to the capital now, his name will give it anew army of « huudred thousand men, and, operating In conjunction with General Grant on the north side of Rioh- mond, or wherever General Grant might de- sire, he could with that force finish in the pres- ent year a war that otherwise will lager on perhaps through three years more. Pneeienntis Soteteemrbes Tar Noxrwery — INsoRRgoriontsrs.—Jake Thompson, George Sanders, Colorado Jewett and other peace men are working on the other side of the Canada line to assist Vallandigham, the Woods, Tom Seymour and other peace mea on this side the Canada line in their schemes to start a Northern insurrection in the Chicago Convention, just as they started @ Southern insurrection ia the Charleston Conveation. jets of the Country—mr. Fesse im Wall Street. Mr. Fessenden, the mew Secretary of the ‘Treasury, has been for several days negotiating with our city banks for an immediate loan of fifty millions of dollars to meet the urgent necessities of the government. No definite arrangement, however, has yet been agreed upon, and some days may yet elapse before Mr. Fessenden can report a rescue from his embarrassments. The plan of relief suggested by our local banks embraces the proposition that they be made the depositories of this loan instead of those experimental and conflicting institutions known as national banks. Upon this poiot the shoe pinches. But if Mr. Fessenden cannot be persuaded that the interests of the Treasury can be best subserved by some reasonable con- cessions to our local banks, we apprehend that his mission will prove a failure. It cannot be expected that our State banks, representing the substantial wealth of the couatry, will agree to accommodate the Treasury with fifty millions to-day and fifty millions to-morrow if these advances are to be used to the prejudice of said banks in building up those rival insti- tations, the national banks, which are supposed ‘to be aiming at the complete absorption of the banking business of the country.” In a word, our local Wanks.are ready to assist the Trea- sury; but they are not prepared to assist in their own destruction. » We hope, therefore, that the justice of the propositions made to Mr. Fessendea from our city banks will be recognized without fur- ther unprofitable chaffering. In this matter, however, we have but one of several diffi- culties that he must meet and overcome in order te secure the needful ways and means for war expenditure of a thousand millions a year. The legacy left him by his predecessor is, indeed, a thankless burden. The political ambition of Mr. Chase has brought the Treasury to the verge of the dark abyss of bankruptcy. His promises, in the outset, that the rebellion would be speedily suppressed were so fully believed that he had only to ask for one bun- dred and fifty millions from the New York bauks in order to obtain the money. But, in- stead of laboring faithfully to redeem his promises, he labored to protract the war; to tule the administration and the army; to secure more loans of money; to inflate the currency, and to cheat the country with a show of finan- cial prosperity, upon which he might ride over all competitors into the Presidency. His reck- less ambition has been bis own ruin, and from the burdens of bis follies and blunders Mr. Fessenden can be relieved only by « compre- hensive system of reforms. As the malign influences of Mr. Chase extended to the army, the navy, and to every leading man and measure, in every: department, connected. with the general policy of thé administration, and the question of the succession, s0-far must the needful remedies be applied. Mr. Chase was the implacable Marplot of the Cabinet, to whose selfish in- trigues more ‘than to all other causes we may attribute the breaking up of the well considered military plans and combinations of General McCtellan, and, finally, his retirement from active service. The blunders of the War Office, under Secretary Stanton, and the droway in- competency of Gideon Welles, served the politi- cal purposes of Mr. Chase in protracting the war, and In thus making the head of the Trea- sury, a8 he supposed, absolute master of the Cabinet and the succession, in being master over the State banks, the capitalists of the country and the whole financial situation. Mr. Fessenden, then, must be relieved of the whole budget of Chase’s blunders before he can ex- pect te reach the solution of his Gaancial difficulties. Our banks and money tenders want to know when this war is to end. They want some visible evidences that it will be shortly finished. They must be convinced that there will be no more rebel invasions of Maryland, and no withdrawal of Grant’s army from the James river, except through Ricbmend. Mr. Fessen- dea, in support of his financial requisitions upon our banks and capitalists, must give them these collateral securities. Mr. Lincoln, for Mr. Fessenden, can do it. Let him announce to the country that a new military department, to be called the Department of Washington, bas been created; that General McCiellan bas been appointed to command it; that one bun- dred thousand three monthe volunteers will be accepted to serve under bim, and Mr. Fessen- den will at once begin to see daylight. Let the President next remodel his Cabinet, and make it a unit of barmonfous, able and ex- perienced men, each in the business assigned him, and the Secretary of the Treasury, like Atlas, will be strong enough to bear the world upon bis shoulders. Give the banks and the country these as- surances that the war will be speedily ended, and the Treasury and the administration will at once be saved. Tae Quanegt. m tax Uston Leaovn Camr.— We publish elsewhere an ezpose of the pro- ceedings of the Union League organization, with numerous dodges, tricks and schemes of the managers of that organization, which we com- pend to the attention of our political readers. coed ingh®® & sequel to considerabie of the pro- and criminstiaggpublican party—the wrangles hibitions of dirty Haof leaders, wittr their ex- characteristic feature of the ait formed such a time past. Its evident that the radical! #me Weed wing of the republican party have jah cow got full control of tho Union League organisation of this State, and that it {s’being ran in opposition to the Weed interests, and is even threatening the repudiation of Mr. Lincoln aa 8 Presidential candidate. fu fact, it will be seen that his momination was flatly repudiated by the State Cousoil prior to tho assembling of the Baltimore Convention; and even to this day several of the losal councils bave refused to endorse his nomination. This, taken in con- nection with the fact that many of the leaders and those ie high position in the league organization are plaaning and Working for the Bomination of some person at Chicago of un- doubted record, with the little fight between the two wings of the party in this city, presents en intoresting and net very flattering feature for Old Abe in the Presidential race. ——— mand; and with this eurillary wlll be over before Thankexiving Day. Tus Trura or Hmrosy.—We understand that Greeley anticipates a large sale of his history of the rebellion, and hepes that this book will retrieve his ruined fortunes. But if his history is not more fair, more honest, more candid and mere truthful than his 7ribune paragraphs about McClellan, he will make little fame or fortune out of it. We do not remember a more mean, con- temptible and thoroughly dastardly article than the review of McClellan’s West Point oration im yesterday's Zribune. McClellan is one of our purest and lof tiest patriots, and his noble indifference under the storm of abuse and slander with which *he is assailed marks him as one of the greatest men of the age. In his West Point oration he said what was pre- cisely true, and he gaid it most eloquently. After reading that speech we can all understand why his soldiers love him, and why no base malice has been able te deprive him of his bold upon the hearts of the people. The abolition agitators did cause the rebel- lion at the South; for they gave the rebel leaders the only pretext they needed to fire the South- ern people and drag them into civil war. The fire-eaters tried to raise a rebellion on the tariff question; but the people would not revolt. Then Greeley, Garrison end the other aboll- tionists deliberately set to work to drive the South out of the Union, This has been con- fessed by Greeley, by’ Garrison and by Wendell Phillips, all of whom were original disuaion- ists. Greeley wrote the first article in favor of secession that appeared in a Northern paper. Wendell Phillips delivered the first speech in favor of the rebel confederacy from a Northern rostrum. Garrison declared that he trampted upon the infamous constitution. The rebel leaders simply took advantage of the ut- terances of these abolitionists to coax and frighten the people of the South into treason. They used the weapons with which Northern fanatics supplied them, They employed the arguments which Greeley aud his colleagues furnished them. They worked in concert with the abolitionists, and for the same traitorous end. When South Carolina seceded Greeley and Wendell Phillips raised howls of joy, which were only silenced by fears of the consequences when Northern patriots began to arm themselves against the rebels. This, wo assert, is the exact trath of history. If Greeley’s history asserts anything different it is a false and lying book, and if General MoClellan is abused for stating these facts be is abused for speaking the ‘ruth, and Greeley knows it. A Frevoa Conspiracy Aaainst Ovr Govern- uent.—Ever since the commencement of the rebellion a-French journal published in this city has made itself the mouthpiece and organ of the traitors of the South. Pro- tected by the laws of this government, the journal in question has done ali in its power to injure and destroy the Uuton. It has fabrieated the most unfavorable news for the European public, and at'one time published a European edition which con- tained naught but the grossest misrepresenta- tions of our affairs. These statements were made use of by foreign journals to warp public opinion against us; were cited as news taken from “an American journal,” and certainly did us a deal ef mischief, as in all slanders there remains something uncontradicted. The French government, with the view of injuring this country, fostered the journal we are speaking of, making its editors members of the Legion of Honor, and otherwise distinguisbing them for their “defence of French Interests on this side ef the Atlantic.” The French journal published here has from the first done all in its power to uphold Napeleon’s scheme of subvert- ing the government of Mexico, and at this very moment one of its chief editors is in the suite of Maximilian as honorary member of his Im- perial Council, and has received the Cross of Guadalupe—the new Mexican decoration. Under, his position as editor of the French journal published here, this person sends out a “Programme of the Mexican Empire’—has it printed here and distributed here; while, to add to these inimical efforts against our administration, the journal publishes each day articles filled with malicious and false views of the occurrences of the day, all of which will be reproduced in Europe as taken from “an American journal.” It surely is time that the hostile efforts of this Fronch organ be stopped. We have traitors and fools enough among us as it is to injure our govern- ment, without sabmltting to the additional misreprescntations of these French people, who receive from Napoleon rewards to incite them against us. The government may, if it chooses, submit to the espionage of the persons sent by the Emperor of the French to dog the pro- coedings of our armies; but it should not tole- tate the constant malignity of this New York French journal. There can exist no doubt that, were the cases changed, and we were to attempt the publication in Paris of an American journal which should seek to eub- vert the imperial government, it would be sup- preseed without hesitation. Ixcunpiany Parens.-The News, the World and other incendiary papers are continually talking about peace movements at the Wert. By peace movements they simply mean. insu:- feetionary movement. Naroirow’s Pian ror a MoNancuy on muse Comrixant xor Ontoinat.—In another portion of this journal we publish an interesting docu- we on the “Mexican Monarchy Muddle,” erupire oor” conclusively that the pian of an Napoleon, but *atinent did not originate wit) rm Philippe and Guizot. "Pos ™sores, 97, Tout ringos made by the Bourbons were tuauaed or the plan of a vast preponderance to be obtaine on thle continent by France and Spain. King dome and empires were to be made out of th: Southern and Central American republics as well as Mexico. The plan wasa very grand one, Seduced by ite varied attractions, Napo. leon, alded by Spain, ts endeavoring to carry it out; but in this be has counted without the People of this country, and as a resnit must fail. It will be seon by the extracts contained in the article referred to that in 1848 Senator John A. Dix understood this European plan to subvert the weaker governinents on this con- tiuent, ‘and that he openly denounced the soheme. We call particular attention to the expore made in this article. ‘Tan Paice Convawriox.—This concern ought to meet at Detroit, in order to be near the Canada border, where George Sanders and Jake Thompeon sojourn. You have changed the time of meeting; gow chaage the olace. Tas Coxrtacrarion wv Brooxurn .Yssta- DAY.—A fearful oonflsgration, attended with & loss of property amounting to nearly, if nov over, # million of dollars, and producing a consternation almost unparalleled in the com- munity, oceurred in Brooklyn yesterday, the particulars of which are given in another column. Great fires are not uncommon in large cities; but the character of this disaster is peculiar, and affords a serious warning to our governing bodies—both the Legislature and the Common Council—of the necessity of Probibiting the storage of explosive materials witbin the limits of populous city. In this case large quantities of saltpetre and nitrate of soda were atored in the warehouses which were consumed. Terrible explosions took place at intervals, tearing the buildings to pieces, shaking to their foundations houses all around the neighborhood, shattering windows and sashes ats distance of several blooks, and setting fire to the shipping at the piers. Fortunately—and we might almost say miracilously—no lives were sacrificed, as far as we know; but it would be almost impossi- ble to exaggerate the-scene of terror which pre- valled in the vicinity of the fire. Families abandoned their homes, some carrying off their furniture, snd others seeking only to preserve their lives. The gallant firemen were in some instances struck down by failing fragments which had been fling bigh ‘into the air, and nothing but the utmost daring sustained them while remaining at their posts. Now the moral to be drawn from this catastro- pheis plain. Stringent ordinances should be passed prohibiting the storage of dangerous combustibles, such as saltpetre, gunpowder, nitrate of soda or fireworks, within the limits of this city or Brooklyn; and we trust that the lesson of yesterday will lead to such a result. Cotorapo Jswerr.—We have received a tele- gram from this individual, stating that he is at Niagara Falle, drinking gin cocktails and talk- ing peace with George Sanders, the rebel agent, and Jake Thompson, the Secretary of the Interior under Buchanan, who allowed Floyd to steal the Indian boni?, Jewett says we are all wrong on the war question, and volunteers to come on and set us right. He had much better stay where he is; for if he comes here he will certainly be shut up in Fort Lafayette. Why don’t he reopen his cor- respondence with his old friend Greeley? Pace Men.—George Sanders says that he is in favor of peace. He is « fair representative of the peace men. They all want the same kind of peace that he does. McClellan from wernt Det A Unigue and Costly ‘Tho Presentation and Cor- respondence, dic. {From the Detroit Free Press, July 14. Sanitary continuasce of odutest was ia Bate [ i F won the ' Poeotie a(ter the result becamo casearnceeenbe oo our patriotic and iiberal minded citizeus, destrous of pre- senting General MoCiclian with # tokeo of their apprec! tieo aud respect , adopted a very tasteful and elegant me- thod of expressing their desires upon a splendid sheet of Bristol board, a very beagtiful and original aesigo, repre- senting the “pomp and circumstance of glorious war,’’ was painted im aa artistic manner by Mr. Schubert, of the firm of Schubert & Beyer, of this . Immediately ee likeness of ae McClellan was inserted, figure being surrounded by a laurel wreath with warlike implements partially displayed in the circle, Ia the immediate centre a beautiful scroll ‘was executed iv oil colors, inside whic was the presen- tation iascription, and beneath were the anmes of the Conors of the beautiful gift. A well executed representa- tion of the arms of the State of Michigan, surrounded p scones, cumpleted the bottom of the the exception of the bordering. ‘Lhe iliuwiaated border wars a most perfect specimen of of art. A most elavoritely executed natioual de- sigo, draped with national and other flags, the whole sur- mounted by s spread eagle. was supported upon Gothic pillars inlaid with gold. Encircitug these were scrolis of ribbon, uf which the names of the baities ia which the hero participated were inscribed. Between the wreaths, the principal features of the General's de- spatches were written with the pea; so Onely wore they inscribed that it required the a:d.of a magnify ing glass to decipher the words. This portion of the work was per- formed by our worthy City Treasurer, A. A. Rabincau, Eaq., who denerves the highest praise for the care and atteuticn he bestowed upon it, as well as the artistic fin. tah of the work. The sheet was then placed upon a ' REDS? iil up G i ai Hy : i i i sf if ij HH A if aT gz i gE z i i } 1 z | i 1 ; 7 i i & fr f i fife fis Be grt Hy i Hl i : H ; i i poe p Ag) a er Farr ia f Seer abate ment ‘and con that you ef the bonest eyecare svt tas patriotic sentiments own pen. “alter band” of “trae by eons sce Crow of himtae fe the the momentous sirucgle Ww! trom your jay the ¢ i ie now oa Tam, ur, tidepammginaidla. REER, Mayor of Dotreit. on Tuesday bye? ET ern Te ae from the Gener, ‘a copy. latter’ is oreditabie. slike to hig, head aud besrt, aad te characteristic of the man. there is no attempt to (lority bimseif for past deeds, armur at the crue! ‘Weatment be bas received from bis enemies:— Oaange, Huw Junauy, July 6, 1804. Mu Detroit’ ae eter of the 17th Sane reached 1 received some days since, at the the beautiful textimonial to which eg-ven will recetve for ae? and oa Bear ey ep ay sang pees aoe setae Lge gle Ek gd Major ye ‘The Little Brig Vision Apoken. womtor, July 16, 1984. ‘The little brig Vision, from New York for London, was ater What sbe ae tha emalient veragl hq aver anaka, avon — WEWS FROM WASm,~9T f Wasmixoroy, July 15,2264 FINANCIAL MATTERS. Th@ polloy of She new Secretary of the Treasury aa 46 eurtanisg the currcacy ts settied by circumstances bd’ youd his coatrol. The further issue of Treasury votes ‘® Deceesity under existing circumstances. No choice @ loft. Tite mocessity is a legacy bequeathed by bis pre- decessor, from which there i# no escape. The opiaioe Provails thet if Mr. Chase in 1861 bad urged upon Com gress the pagsage of @ revenue bili, such as he asked two yours later, the pwblie debis cowd have been paid without issuing mmre than three hundred mitiiona of legal tenders @uring the war. Such was the Policy of Mr. Pits @uring the Napoleonic war, from 1794 to 1815; and, under its iefluence, during the eightece years suspension of specie peyment, the highest premium ‘Attained for gold was only forty-one per cent. As the cCommencemeat of the war Mr. Chase, probably ia- fluenced by Presidential aspirations, declarea that the people would not submit to taxation, and even deferred the collection of the twenty saillion tax om property imposed by Congress i July, 1661. Before ne had becomearousea tothe alarming condition of our floances and the fetal error of his polioy, the expenses of the war during the three years ending June 80, 1864, bad reached two thoe sand millions, of which nearly two-thirds had to be raised by paper money in some shape, and the rest by lacs, comparatively little having been realized from revenae. Hence the vast volume of ourreacy depreciated by Me Own greatness and the immense rise in gold, provisions, ologhing and all materials, To avoid taxation, Mr. Chase {asued various descriptions of paper money, which, being @ floating currency, is made little diference whethes it was interest bearing or non-interest bearing since it was used in the payment of debts and tht purchase of supplies. It is, therefore, considered that the tmposition of additijonal taxes and the contraction of the currency now would not only do a0 good, but inevit ably lead to financial ruin. The only question to be set- tled at present is whether the further issue of curreacp Becessary for the prosecution of the war shuli bear inter- eat or not. ‘It ts estimated that by the middie of this month the Circulation of the national banks will reach over half a million a day. It is argued that this circulation aad the additional issue of Treasury motes will soon reileve the stringency of the money market and attract conversions into government bonds. It is doubtful, however, whether long gold interest bearing bonds wilt again be offered to the public. ‘THE REBEL PRISONERS OF WAR. Three‘thous nd rebel prisoners, in addition to those al- ready forwarded to New York, are to be seat from Point Lookout to Eimira, The depot for prisoners at the latter Place will accommodate about eight thousaed. Tee stoppage of exchanges, and the extensive and protracted military operations, cause a very heavy accumulation of prisoners, of whom we now hold betwoen Afty and sixty thousand, witch number ts weekly largely increased. ‘The rebels hold about half that number of Union pris. oners. THE FIFTH WISCONSIN GOING HOME. ‘The Fifth Wisconsin regiment, Colonel Allen, leaves Washington to-morrow for home, its term of servies having expired. This regiment bas participated in nearly every battle in which the Army of the Potomas bas been engaged, and at Williamsburg wae complimented by Gsneral McClellan ia person for gallantry. The Colonel he been wounded four times—'wioe at second Bull rua, at Antietam and Rappa- bsonock statio:, The regiment bas captured the colors of the Fifty-ninth North Carofina at Williamsburg, four guns at Fredoricksburg and the whole of the Tweaty- fifth Virginia regiment at the Wilderness. In the famoas charge at Rappehanneck station this regimeat, with twe others, captured sixtesa hundred prisoners, seven pieces of artillery and eight stand of colors, A-eumber eve velatives Bere, and, nolwithstanding that its term of cer- vice hed expired, volunteered to go inte the trenches. © twoive hundred and eighty mop which it has bad in the field but one hundred and twenty-one retara. TOE SIXTH MAINS GOING HOME. ‘The Sixth Maioe, which has beea attached to the sammé Drigade, algo goes bome to-morrow, STATIONERY.CON BACT. ‘The contract for supplyiag stationery tothe Treasery Department and all its bureaus for the ensuing year hes ‘been awarded to Philp & Solomon, of this city. FOREIGN CONSULS RBCOGNIZED. ‘The President has recogaized Giovanni Luigi Aversase ‘as vice counsul of Italy at New York, and H, Cleussentes as consul of Prussia at Chicago. Regulations for Recruiting im the Rebel States. Wasmmaron, July 15, 1864, Regulations for recruiting ia the rebel States for the loyal States have been issued. It is provided that re- crulting agents must have a letter of appointment from the State Executive. the particular field of a State ip whiob the agent is to operate is to be specified im the let- ter of appointment. Experience bas shown that these agents should not be paid for each recruit, but that they should have a fixed compensation for their services. Uth- or wise fraudulent practices may be resorted to for the pecuniary benefit of the agent, to the great prejedice of the State and military service. All recruiting agente will be subject to the rules and articles of war. Tt ts made the duty of the commanding officer of any department or district, in which recruiting ageats ope- rate, aud of commanding officers of rendesvous, to order back to his State or arrest and bold for trial, as be may deem best, any recruiting ageat who shall commit frauds upon the government or recruits, or who shall violate the instructions issued to govern thie recruitmest or be tary service as 0 soldier, tenmeter, laborer, guide, ko., or who t so employed by the military authorities as te ‘be of importance to military operations. Recruits procured in accordance with the act quoted, mast be delivered by the recruiting agente at one of the ty lh t A i 1 3 E E (whieh the principal ts . be mustered is we oer a, ‘will eeue the proper subd. RT TN ee en Soe gh ltd ‘hat Huoteville, Raadotph county, was robbed this mora- ing by gueritias of $75,000 of $100,000 Owe citizen was ined. General Curtis telegraphs from Leavenworth that eur forces, under Colonel Ford, overtook a gang of guerillas Jast vight at Camden, Ray county, and routed them, kill- tog Afteeo, capturing @ largo vember of arms and ten kegs of powder. Muste tn the Park. ‘Toe Park Commissioners anoounce that there will be music at the Park, om the Mall, this afternoov, com- meocing at half-past four o'clock, by the Park Rand, ———$_ Lavnce.—The tron double eader guabost Musscoa ‘will De launoned this morning, ot sevee o’oledt, (rom the yard of Thomes ¥, Rowland, Continental (ren Werte, Ceraeamoiat. yf