The New York Herald Newspaper, November 6, 1864, Page 2

2 FINANCIAL AND COMMERCIAL. Sarvrpar, New 5—6 P, h. ‘The etock market underwent improvemeot at the Qret board this morning wm sympathy with an advance in the gold premium, produced mainly by the heavy ship ments of speci. These amounted to $1,630,190, which, Wdded to $726,500 sipped on Wednesday and yesterday, Makes « total for ihe week of $2,356,990, This is at ‘‘ributadie in part to the active demand for money abroad, @ lack of eutire contidence in bills of exchange, inducing a Preference in (avor of gold over even (he bes; names, aud Bhe payment of the interest upon the November coupons Of the five-twenty;bouds, which has been going forward during the week. There is no doubt but that the state of financial and commercial affairs abroad results in a de- mand for prompt remittances from thts side; and latterly our indebtedness bas been imareasing, owing to the de- cline in the value of our experts in excess of that of our imports. Sut our foreign indebiedness is still small, and the causes which bave stimulated the export this week are only temporary. More- Over, there ts good reason for believing that & few bankers and others whose sympathies are opposed ‘to the re-election of Mr. Lincolm bave used extra exer- tious to make @ heavy shipmevt to-day for the purpese Of causing an advance iu gold,jand so influencing the elec- tion returns. ‘The closing sales at the first board, ‘as compared wih those at yesterday’s second, showed the following variatious:—Erie advanced 1%, Hud- won River 13; Reading 24, Michigan Southern 2, liliaots Central 8, Cleveland and Pittsburg 33, Chicago avd Northwestern 1, proferred 2,Chicago and Rock Island 2X, Miulwackee and Prairie du Chien 1, Pittsburg and Fort Wayne 14s, Mariposs 14, Ohio and Mississippi cer- tidcates 4, Cumberland Coal . Government securitics were firm. Coupon rixes of 1881 Advanced iy & if, one year certificates 34. Coupon five twenties sold at 100%; new issue, 100% a %; coupon ten-forties, 943¢ 95; seven and threc-tenihs Tressury notes, October and April, 10734 ehares were neglected. After the call the market was a sbade lower aud inactive. At the open board, at one from the morning prices occurred, Later, on the street, fncrersed Grmuess was shown, in sympathy with the fur- ther advance of gold, the quotations for which were:— 10A. M seeee B54 2510. Mf 1:18 4. M 3:20 P.M. 12:35 P.M : 1:65 PM {ional bunks are calling in the remainder of their loans to meet the drafts of the Treasury for the deposits beld Dy them. First class stock bousvs have, however, no dificulty in borrowing all they require at seven per cont oneal, The discount line is inactive, and commercial Paper is by no moans @ favorite security; but firat class Bames are taken at from nine to twelve per cent, with an ecoasional exception at eight, There has been little or nothing done in the foreign exchange market, a8 usual on Saturday, but quotations are nominally the samo as yesterday for gold, namely, 10934 for bankers’ bills at sixty days, aud 111 at three days, Merchants’ bills are not in request, although ollered at 15; a 2 per cent lower. The quaotity of defaced and mutilated fractional cur- Tency in circulation is 60 large as to be @ source of consider. able public inconvenience and to call for prompt action on (he part of the Treasury with a view te its exchange, Added to this there is a large amount of counterfeit payer in circulation which it is diffoult to distinguish from tbe genuine, aud as this is chiefly confined to the ity cent denomination, the proposed new issue of that devomination and the withdrawal of the old is highly desirabie, The rules promulgated by the Treasury for ‘he redemption of mutilated fractional currency are as follows — fractional notes can be exchanged, ff not mutilated, ‘with any Arsistact Treasurer or designated depositary of the United states, or a national bank designated as a de. positary of the United States, in aums not less than three dollars Defaced notes, if whole, are not considered as Mutilated: nor is au evideotiy accidental injury, not re- ucing the note by more than one-teath its original size, Fegurded asa mutiintion. Mutilated fractional notes will ‘de redeemed at the Ireasury of the United States, at the city of Washington, under the foilowing regulations, es- tablished as necessary guards against fraud:— 1. Fragments of a not i pot be redeemed unless tt bali be clearly evident ti they constitute one-baif or more of owe original note, in which case, notes, however mutilated, wlH be redeemed in proportion to the whole Rote, reckoning by tiths. i Mutilations jess than one-tenth will be disregarded, uuless Iraudulent; but any mutilation which destroys more (tbhap one-tenth the original vote, will reduce the redemption value of the vote by one-fifth its face value. MIL. Mutated voves presented for red fn sums uot less than three dollars of the original full value All government officers will receive for public dues all ‘Juited States votes of the several k pr which they are respectively reco le, as per Irea- Dry cireniar of October 9, 1862, io explanation of the Mules promulgated May 18, 1862; no matter how badiy Jefaced or torn they may be, so long as their geuutne- hn oan be clearly ascertained, and go that {tis certain wat Oot one twentieta part thereof ts missing. But ail ch notes as are unfit for reissue eo received should be Jopt separate and distinct, and as occasion may require de returned to the Tressury of the United States, to be re. tired from circu'ation. Fractional currency from whicb Dot one-tenth part is missing will be received im tbe @ame manver. But these are not sufficient to meet the necessities of (ue public. All the Post offices and sub-treasuries in the country should exchange mutilated and defaced currency for vew in small sums and without limmation, Mueb of the larger greenback currency !s also mutilated and de- faced, and some of it is refused by bankers as weil ss the general public in consequence, The Treasury rules for their redemption are as follows; but as they, alike ‘with the others quoted, only provide for the exchange at Wasnivgton, our remarks relating to the fractional cur- fency eppiy equally Lo tyes Fis —iulilated notes, w ch have been torn. no mat- ter Low much, but or which itis evident that all the fragments ase retwrbed—or defaced, no maiter how bad Iy, but certainly #atis/actorily genuime— will be redeemed at ibeir full face va ue on presentation, Serond—Fragments of notes will be redeemed in full only when scoompanied by an affidavit stating the cause and manner of the mutilation, and that the missing part of the pote js totally destroyed The good character of the atidevit must wiso be fully youcbed by the officer Defore whow the aiidavit is taken. Trird—lo the absence of euch aM@davit fragments of motes wik not be paid iw full: but the parts presented will be redeemed in their proportion to the whole note, reckoning, as a geveral rule, by twentieths. Pourth—Lees tan haif of a note will not be redeemed, except by payment of the full value of the note under the second rule; of by payment of tke proportional value Of the missing part, when presented under the fif.n rule, Fifth—Vragmeots of notes, for which less than the full (ace value bas beeo paid, will be revained (or a year, ‘to tbe end tuat she owners, who have received leas than be value of @ full note, may bave opportunity to return the missing paft aud receive the amount previously withheld. Sizth—Until further order mutilated notes and frag. ments will be redeemed only at the Treasury of the Upited States at Washington, whither they can be it, addressed to the ‘lreasurer of the United States.” A dralt on the Assistant Treasurer at New York, tor the amount allowed, will be returned, by mail, to the address Of the person remitting (he gaine, Railway ebares in market value fp gold are at present cheap, in comparison wb what they wore at this time ‘ast year, The market value ta specie ot twenty of the principal stocks sold at the New York board was, on the lst of August, September and Octuber, 1863 and 1504, fespectively a8 tollows:— 1804. 63,507,317 64.705 044 ho neha shows a decrease in the gold value of these stwoks Of $45,145,142 io August, $55,741,991 1a September and $34,201,006 10 October. The currency valuation, how- ever, shows comparatively Wtie variation, owing to the Advance in the gold premium during the year, We give the foliowing illustration — Prive of Gold. 1863. 1804, V 5 1864, past... . «$198,507 319 163 708 660 % 207 eeeeMbee. 1z/068'118 16852251 Lat oa uctover. « 143,966 406 134,385,758 140% io | ‘A better opinion of the course of the market can be | formed by stating the orgival value of each of the stocks teferred to. — Stocks Ohiong: and Alton....eres+s+ oo Ohieago, Vurlington and Quincy. Ouioago and Northwestern Chicago and Rock island Cleveland and Pitisbur Cleveland and Toledo Br @aions nod Chicrge Hudson River. Liiooie Central Michigan Central Miobigan Southere and Northera Milwaukee and Prairie du Chien. New York Cevtrai............ New Yore aud Hariom Pepama.... . Philadelphia and Reading Pitteburg, Fort Wayoe ane Chic Alston and Terre Haute..... ‘Toledo and Wabash... Indiana When we consider that there are in whe loyal States Pore than twonty -four thousand mies of railway in ope- pation, representing an original investment, for constrac- tion aed equipment, of about nine hundred and eighty. @ight millions of dollars, the vast importance of the rail. way tnterest and the magottade of the depreciation in Value it bas suilered will be apparent, This deaine is the conse 1ue0ce Of the really decreased, although apparently incre sed, earnings Of the roads, in proportion t the c st of working, their ineome being entirely reccivabie in ourrepoy, aod their rates of fare and freight being for the most part either fixed by State enactment or motives of polly. They’ have experieaced an immense increase of traMic, which has temporarily compensaved in the aggre gate (or the reduced earnings on each ton of (reignht ena single passenger; but their substautial capital has besa suilering to an extent which entirely outweighs all consid erations arising from the increased earnings in currency And all this ts directly traceable to the depreciation of the currency, The war bas increased the busivess of public carriers, as well as made fortunes for a tnut- titude who were before in comparative poverty; but our wealth is in paper, and we are atill too apt to speak of dollars in currency as if they were dollars in gold. Financially wo live in an age of illusion, The Racine and Mississippi aud Northern Illinois railroads earnod during tho week endiog October 22 $12,803, against $12,474 for the samo period fn 1863—Ia. crease $329. The receipts of the above roads since January 1 this year have been $465,352, wich shows an increase over the carvings during the same time last yoar of $144,086. ‘The condition of the banks of the three privcipal com mercial cities of the Union is exhibited in the following table, which shows the eggregates of their last weekly statements, compared with the returcs of the previous week :— Loans. Circulation. Deposits 521,351 an Si6's07 Son ia, X. York, Oct. 29.$186,! 8,920,290 151,883,092 Bono, Oct Sins a omeiod “$498,189 S81hasy Sh UaT es) Phila, ‘Oct, 3,486,727 5,225,575 +449 258,009,555 Total... $281, 605, 99.025 a Last week 2 Docresse in i Decrease in deposita, ‘The following will show the receipts of flour and grain at the places indicated for the week ending Oct. 22:— Flour, Wheat, Corn. _ ats, Bois. Bushels, Bushels, Brushels, 191,136 126.429 600,462 116,129 8.538 83.0% 159,3: 2,500 4175 9 41,010 5,150 Total . 512,428 176.302 732,080 Previous 615,523 107,424 497,612 The following figures show the imports aud exports ef bullion and speoie into and from Great Britain during the woek ending October 12:— ports, -£153,887 "att 10,513 ‘ 70,281 teeee, SUM LID We have the names of some additional ofl companios which will be found annexed:— Namek Capital. Py Atlantic. $300,000 bi Allegewi 1,000/000 io ‘American Oil avd Mioing tens at #taa. 000 Atlas 000,000 % Acme, - Beekman. _ Bergen 2,000,000 Breovoort. Buchanan Rectifying.. Burning Spring Central Burning Spring Baltimore County. Cent oe Cevtral Burving Spring Clemons. cesses Cleveland Cherry Valley. Clifton. Clinton... Common weaith Conso!!dated New York, Densmore. Dutheld.. 1,000,000 Dankard.. ‘600,000 Eureka.. 500,000 Enterprise. 100,000 Fast Oil Creek..... ‘000 Fleming and Blood. Fiorence....... . Franklin and Oil City. Flowing . 50,000 Fayette ea Federal 480,000 Gillan 500,000 Good Intent. Great Weetern Consolidated. , Groat Easter 10 10 100 2 10 10 i 6 Indian Spring. 6 Kanawha Valley. ete 300.000 10 Katckerbocker, New York. 1000, 000 Io Linden... ae & Merchants’ 850,000 6 Mchirath. 500,000 10 Miller Farm... 300,000 5 Montgomery 400,000 8 Marietta. 1,000,600 10 Michigan Central. '500;000 10 MeClintock and Corawail. 500,000 100 oe 400,000 lo New Dominion. * 600,000 r New York and Alleghany 250,000 7 New York aod Pit Hole. ot i New York and West Virginia, 500,000 10 Noble Well...... 500,000 25 Nobie aud Delamater, 1,000'000 le Bail. ‘500,608 5 OW Basin 500,000 10 Oil Spring... 66. 1,000,000 10 Oil Burniog Spriny 1,000,000 20 Oseante.. 2,000,000 10 Obio and Virginia. _ - Osborne... <= sey Obio Valley 200,000 5 realdout 5,000,000 6 Porter... 500,000 10 )appebaker 200,000 4 Phouix...... 250,000 10 Rathbone and Camden 1,000,000 r Ross.. «e+ 100,000 1 Ryod Fara 2,000,000 10 Sage Run. ‘400 000 6 Sied Fork pad pe ‘Star... « 600,000 260 St. Nicholas ,000,000 10 Sugar lele.. 100,000 2 Sandy River 500,000 100 Story and McClintock 800,000 10 Smoky Ony. pas - Svelli — ~ 25,000 6 630.000 —_ 600,000 1 ,000,000 10 600 000 100 500,000 = Virginia and Obio = - Wilkins’ Farm, 250, 5 Wivam Peon 250,000 260 Watluce + 160,000 10 Walnut Isiand . - _ Whiteley Creek ° - ~ Capital. . Vreviously repo Aggregate capital of 250 companies A correspondent sends us the following in reference to some of the oj! swindling organizations: — 1 Dave noticed jo your praiseworthy efforts to enlighten the pubiic im retation to the new product of our country— petroleum—which is destined to oave auch an important joi vepce on our commercial prosperity for the future, apd | bave considered that you will not think it imappro- priate to caution the public xgainst the visionary or truttiful echetnes which are so flaringly thrown out w & view of trapping the uuwary. While there is no doubt {But s mAority of the oll properties offered for sale are honestly described, and their value not exaggerated, they aii require cle scrutiny to prevent thepose:bility of imposition. | make Luese reroaks in conseqnence of havin been recently most grossly Gecoived by the statements a certain agent for the sale of of! properties in this city in reference to the quantity of oll a certain property was yielding, which, after an examiontion by respectable par- ties, was feud Dot to be producing # single gallon of oll. Against the tricks and deceptions of such ‘oily Gam- mons’? the public should be warned, and deal only with po pa truthfully represent what they bave to dis. pose of, Stock Exchan Saturpar, je. Ee, 5—10:30 A. M. 250) abs Brie RR. fi 800) US 10'40,"e0u.... O49 4 20 do + 95° Ju0 Mich Central RR... 130 (0 Trp 7310, A&O. 107% 120 WO ieee seecese, EM Law US's Lyrcert. Oo9 90) Mich SA Niad RR 74 60) Mo 6# Pac RR 2 do. % WO) California 5 6 1000 111 cou) 70000 Obs: 2000 a ‘ 600) NY Central Saw Chie On) © 4 00) Mins & Mo lg bs. JO) American gold.. 2374 1000) do. . 288 100) 10000 7h Canto 100 Del * Hue 100 Central wn» lo. 100 Wyoming V Cl © do pO 79) hy » de Mins cert. . : 6 Clev. Col & Cin 800 Chic & NW Ki 20 ao. oat Co NEW YORK HERALD, SUNDAY, NOVEMBER 6, 1864 | THE NAVAL FERO OF THE Cenivay. History of Admiral David Glasgow Farragut. Interesting Incidents of His Early Life. A Life for the Young to Emulate, for the @ld to Admire, and for all Who Cherish the Glory of the American Navy to Monor, Ren Ren, ‘The recent reports relative to Admiral! Farragut, that be was to come North and essume « new and important command are all incorrect. Our last advices le(t him at Mobile, the scene of bis tast exploits, aud there he wil Probably remain for the present, Although records of the naval achievements of Admiral Farragut have heretofore appeared in these columns, there isso much of interest attached to his name apd career at this time that we reproduce some of those early facts in his life which are necessary to furnish « connected history of the distinguished naval bero. He was bora in East Tennessee, about tweive miles from Knoxville. His father at that time was in thecavairy service of the United States, with the rank of major, and an intimate personal friend of General Jackson, Young Farragut’s early years were passed on the frontiers, and his remembrance of Indian adventures when he was but five years old, js sth! vividly retained. On one eceasion the heuso in which his mother resided was attacked by savages, and Mrs, Farragut had the utmost difficulty in saving herself and children from massacre, until the arrival of Major Farragut with his troop. Some months prior to the bretkiug out of the war of 1812 Major Farragut was or- dered to New Orleans to assume command of a gunboat, and thither be removed with his family. When but eight yorrs of age David became emulous of naval honors, and, imitating the example of an elder Drother, who had already become a midsbipman, entered tho mavy with that rank, his warract bearing date December 17, 1810. He was taken on board the renowned ship Essex, Under the eyo of the redoubtable Commodore David D. Porter, father of the present well known naval officer of that name. In 1811 this vessel, rated as a thirty two gun ship, but carrying forty thirty-two pounders and six long twelves, and three hundred and nineteen men, composed one of the coast squadron under Commodore Rodgers, and daring the war of 1612 was a terror to the British feet. From the 11th of July, 1812, wotil the 13th of September, 1813, the Resex and her beats captured from the British filteen ships, elgbt brigs and two schooners, with an aggrogate of about one hundred and fifty guns, So mucha terror did she become that the British broke the neutrality laws and pursued her 1m the harbor of Valparaiso, and on the 28th of March, 1314, captured her, after a severe contest of two hours and a half against two frigates— the Phebe and Cherub—ono carrying thirty-six guns, the other twenty guns. The career of Farragut as @ midshipman would furnish material for almost a volume of romance. In the memo- rable engagement of that vessel with tho Phabe and Chorub, he not only distinguished ‘himself by acts of personal daring, but nearly lost his life, Farragut would bave been promoted for his gallantry in this ection but for his youth, ‘THE INCIDBNT OF THB FRICTION TUBES. It fs related that when the eontest was at its height he was ordered by Commodore Porter to go below and bring ‘up some friction tubes, which were required for the guos. While descending the wardroom ladder tho captain of the gus, directiy opposite, was strock in the face by an eighteen-pounder shot, He fell beck against Farragut, ‘and they both fell down the hatchway. The men was s heavy fellow, and i was fortumate for the young midshipman that his full weight did mot fall upon him as they reached the deck. As it was,the lad was severely stunned, and recovering, as if awakened from @ dream, he ran upon the upper deck. Commudere Por- ter, seeing him covered with blood, orled out—“Are you wounded?” “I believe not,” was the reply. “Then where are the tubos?” asked the Commodore, The words Drought him-o his senses, and he immediately went bo. low, braving a boavy Gre from the enemy, and procured the required tubes. THE INCIDENT OF THE SIGNAL BOOK. ‘When at last \t was dotermined to surrender the gal- lant littlerig, then a complete wreck, Commodore Por- tor sent Farragut to throw overbeard the signal book, ia order that the enemy should uot come into possession of our code, it being reported that the signal master could mot be found. After a protracted search the lad discov- ered the book, upon the sill of one of the ports, and at once threw it overboard. A few minutes afterwards the missing signal master turved up and excused bimeelf for being absent from his post by stating that he ‘‘had been over the side to extricate the book from the qreck, where it bad lodged.’’ THE INCIDENT OF THE PIG. After the fight, young Farragut, full of wrath and in- dignation against his captors, discovered that a young pig—an apimal as frequently and as highly esteemed as a pet among sailors as « moukey or poodle dog is among the fashionable ladies of Europe—bad been appropriated as personal property by a young English midday. This was adding insult to injury. He demanded the pig as his property, “But,” said the Englishman, “you're a pris- oner and your pig too” “We always respeet priva’ property,” said Farragut, and he again appealed to the English officers for the res:oration of the porcine favorite. Tt wns agreed that M be could flog at Osticufls the claim. ‘ent of the prize, a Id of much largor stature than Farra- gut, it should be restored to him, Farragut promptly accepted the offer, pitcbed into the English miday with- such effect that he soon cried “enough,” and the little Squealer was restored te its claimant, ‘THE INCIDENT OF THE PRIZE DARCLAY—PARRAGUT’S FIRST COMMAND. When Farragut was but thirteen years old it became necessary on a certain occasion to appoint him master of the Barelay—an English prize to the Essex. Re was ordered to navigate her from Guayaquil Bay to Valpa- raiso, oonvoyed by the Easex, Jr., another prize. Cap tain Randall, former commander of the Barclay, objected to this arrangement; but be finally conceded to young Farragut bis right to command, and assumed his position as adviser in navigation in case the Barclay should be separated from the feet. HB STUDIES MILITARY TACTICS AT CURSTBR, PA. Upon bis retarn to the United States Farragut was placed under the tuition of one of Bonaparte’s officors at Chestor, Pa., to study military tactics; and it was during ‘this period (1816) that the remnant of the Escex’s crew pasred through Chester on their way to defend the city of Washington against an expected attack by the British. He was much disappointed when Commodore Porter, be- Neving bim too young to sustain the fatigues of land fighting, refused him permission to go. 18 PLACRD IN A NAVAL SOHOOL AND VISITS EUROPE. Wo-now come to a vory interesting and important epoch tn the history of Admiral Farragut, and we cannot betver doscribe it than by transferring to our columns the ae- count of the same recently furmishod for pubitcation by one of those who participated with the young caval officer im the scenes he describes—the Bon, Charies Fol- fom, of Cambridge, Massachusetts, formerly a member of the government of Harvard University:— Ip the year 1816 a new ebip of-ihe-line was abont to gsi! from Boston for @ cruise jo the Mediterra- peaf. At tho last moment the University (where 1 was thea a young member of the government) waa applied to for a chaplain, with speotal rogard to the instruction of mdskipmen, of whom au unusual number was attached to tue ship for their professional training. This was bofore the time for regular naval sohools. I wae despatched, | inay almowt eay, as an emissary (rom the University; for | was to return to my place thore, better fitted by travel to do her service. 1b excoutive officer of (he ship, the \wwmediate adminis trative authority in our family ‘of over seven bundrod persons, was a gentloman whose vame is borve on the records 0! the University ag an adwitied member, though ho pever bogun residence. He at ovce put mo in aposition to gain the respect and {0 pot m few caver the affention oF my pupils, aud he lives ty rejoice with me ia whatever success has attended them. Among thea: was one, thon in his ewriy teens, who had been eoroiled tn tha navy as ‘fa mideDipman almost in bis chiidhood. fe tad already served through @ most eventful poriod of bis profesional lie under the beneiactor who bad prooorod bw warrant. Tho bietory of that firet period might close with the fol- low jug extract of Captain Porter's necount of the capture Of the Fasex, after one of the severest engagements ov aa: record —"Midehipmen Isaacs, Farragut av! Ogden ex | eried thomaeives in the perc. manco of ther reasecttve duties, and qave ap Carnest OF thelr value ts the vervice, s + 6 © ‘bey wre too young to be recur mended for promot * bd ® 0, @, Far ragut, slightly woundea,”’ 4." Sattce No avy that | became deeply tvierested proba d. for beariy two veurs, aod | sbout ty leave tne ship to take caarge or @ © soar post Ltowed thar it bud been arranged, without the knowloexe of either of us (ai tbe sugges‘ion, I think, of the exepntive oficer I beve above atiuded to), that 1 Faresgul suould receive & furlough ond accompany me, if ] Would COMSeRE dO take charge Of bin. Our mutual joy war com lete, The intent wae that { should be jiteral'y “ie guide, pAllosopher aud friend,’ acting according to my own divcreti » Bub On lelally accountable (or him as his enperior oilicer (for I had not resigued my place in the navy). While clocbed with this complete authority { do potremember that Lever issued an ‘order? or had occa- sion to Make @ Buggestion that amounted to areproof, All needed control was that of ap cider over wo affectionate youngor brother, He was now int-oduced to entirely new sceues, and had social advuntages whieh compensaied for his former tvo exclusive sea life, He had fouvd abome on shore, and every tyne of European civilization and manners in the farvilios of the oonsols of different uatious, In all of them iy Yeung Countryman was the delight of old and young. This bad elways beemamong bis cbief moral dangers; but bere be learned to be proof against petting and fiat- tery. Here, too, he settled bis dennition of true glory— glory, the idol of bis projession—if not in the exact words of \.icero, at least io hig own cleardthought. Our familiar walks and rides were so mevy lessons in ancient history, and the lover ef historical paralicis will be gratified to kpow that we possibly sometimes stood on she very’ spot |ywhore the boy Hannibal toox the oath that consecrated him to the defence of his country. But all this was to last bardiya year. There were signs of acoming pestilence, not to be mistaken, Com- munication with Europe would soon be cut off. His fed of duty was pot here; he was mot to be subjected to risk of this soré; and, along with a family of Danish friends, - passed over to Maly and ‘ ‘returned to duty” as a mid- shipman ‘These are Bo vague reminiscences awakened by recent events, but chertshed memories, kept ever (reah. SUMMARY OF THE EVENTS OF HIS CAREER FROM 1820 TO THR QREAKING OUT OF THE REBELLION. In the year 1820 he was still a midshipman on board the Franklin, @ sevedty-four gun line-of-battie-ship, and on. the 1st of January, 1821, he is recerded as having been of duty fa the city of New York, During this year he pasted bis examination in this city, and, being twenty- one years of age, was recommended for promotion. He was then ordered on the West India station; but it was not until the 18th of January, 1625, that he was commis- sioned a lieutenant, and in that capacity was still em- ployed on the same station. During the yoars 1821, 1822, 1823 and 1624 he distinguished himself by bis cruise for pirates tn the Cartbbeau Sea, Ho was next transferred to tho Brandywine, @ forty-four gun frigate, and was reported om that vessel on the lst of January, 1826. On the same day of the following year he is recorded as having been, during the lattor part of the previous year, ordered to the receivjng ship as Norfolk, Vir- ginla, which position he held until late in 1828. He was then ordered to the sloop Vandalia—an eighteen gun vessel-of-war, which joined the squadron on tho coast of Brazil, Oo this station he remained about two years, when he again returned to Norfolk. He appears to have beon retained on the receiving ship at the Nor- folk Navy Yard during the remainder of 1830, through the years 1831 and 1832, aud some portion of 1833, for bis came is recorded as still boing at Norfolk on the first day of January in that year. Ho was next ordered to the sloop-of-war Natchez, on which ho held the posi- tion of executive officer at the commencement of 1834. This vessel was then stationed on the const of Brazil. On his return to this country, about the eud of that year, he was allowed a brief interval of rest, as be is recorded absent on leave at the commencement of 1835. During the yoars 1836 and 1837 he was entirely off duty, awaiting ordors. He was next ordered on the West Iudia station, but did not remain there long, for the commeacement of the year 1840 again finds him ‘awaiting orders, He is next recorded, on the 1st of January, W841, tn ordinary at Norfolk, Va’ Oa ‘the 8th of September, 1841, he was commissioned a com. mander tn the navy, and ordered to tho sloop-of-war Le- catur, a sixteen gun vessel. In hor he agaia sailed to the coast of Brazil, and joined that squadron. He remained on the station for about twelve months, when he was again allowed absence on Jeave. He ts thus recorded on ‘the navy roll on the Ist of January, 1843. At this time bis name stood No, 66 on the list of commanders. During that and the next year be was out of active ser- vice agaip and awaiting orders; but im consequence of deaths and dismissals he had risen nive on the roll of his name standing No, 47 on the list on the ry, 1845. He was next again ordered to the Navy Yard at Norfolk, where he remained until after the lat of January, 1847. During that year he was ordered to join and take command of the sloop-of-war Saratoga—a twenty-gun vessel, then stationed on the home squadron. On the roll of the navy officers, made up by the Navy Department to the end of 1847, ne is still reported ia command of the vessel, and his grade of ooal rank stands at No. 42 on the list of commanders. On bis return home he was again ordered to tho Norfolk Navy Yard, where he held command secend to Commodore Sioat. This position he filled during the re- mainder of 1848 and during the years 1849 and 1960, January 1, 1861, however, finds him again awaiting orders. His name had, howover, risen somewhat higher on the roll of navy commandors, for tn 1849 it stood No. 40, in 1850 at 36, and January 1, 1961, at No, 36. During that year he wes ordered ona different service, ag assistant juspector of ordnance, being second ia com mand under Commodore Skinner. This position he held until after the end of the year 1863. He is now consid- ered a very efficient ordnance officer. Again we find his name rising on the list of commanders, January 1, 1362, it being No, 27; January 1, 1853, No, 26, and January 1, 1854, No, 23. Amothor field was at this time opened to the subject of our sketch by the establishment of a new avy yard at Mare’s Ietand, near San Francisco, Califor. nia. Commander Farragut, then standing No. 18 on the list, was ordered to the chief command of this post, and became commandant of the new yard fbat he well filled the position there is every record to testify. On the Ist of Januery, 1855, he is still recorded as oblef of the yard, and on September 14 of the same year he Was commissioned a captain of the United States vy, his name steading No. 38 on the roll of navy captains of the American service. He held the samo position for some years, whon he was ordered in 1858 to the com- mand of the steam sloop Brooklyn—a twenty-five gun veaeel, forming a portion of the home squadron under Fiag Officer McCuney, He was, however. removed from this command during the month of May, 1800, after being on board of the vessel over twenty months. The Ist of January, 1861, again found him awaiting orders. His name at this time stood No. $7 on the list of captains of the United States Navy. On the Ist of Septembor he was still awaiting orders; Dut the desertion of some of hie seniors in ri the death of others, made Bima Tiae six steps on the ladder of promotion, bis name thea standing No. 31. BIS CAREER DURING TH REDELLION—HE COMMANDS THE EXPEDITION TO NSW ORLEANS, The noble conduct of Farragut at the breaking out of the rebellion, in sacrificing bis personal interests and the interests of family relations in Norfolk, Va.—baving left ‘that city on the evening bofore the destruction of the Navy Yerd—restorea bim to whatever favor he might have lost with the governing powers in consequence of being a Southerner by birth and residence. The morring before leaving Norfolk he was expressing very decidedig his opposition to the course of the Southern leaders, when be was tela by some of them present, residents of the city, that be could not remain there with such senti mente, “Then I will go where I can live with just such sentiments;” and he came to the State of New York, where his family is now residing in @ cottage on the Hudson, in tho village of Hastings, The expedition to Now Orleans was fitted out, and eajled with Farragut as its flag officer. It is unnecessary to pursue In detail aa action with the results of which our roaders must be famihar. In brief we will state that every point on the Mississippi river below the city was fortified in a manner that led the rebels te entertain the fullest confidence in its defences. On Forts Jackson and St. Philip were mounted one hundred and seventy rifled mxty-eight-pounders brought from England, About a quarter of a mile from the forts a chain was strotchod, which it was caloulated would delay the attacking flee couple of hours, during which time it would be expoeed to the fire of ali their batteries, several of which wero prepared to discharge rea hot shot at jutorvals of a fe seconds, From the forts to tho city ran a continuous succession of earthworks, and at Chalmette were redoubts armed with rifled cannon, tho balls from which wore kaid to be effective ata distance of five miles. Ia the two forte St, Philip and Jackson were picked garrisons of three thousand mea, many of whom were akiliod a tillerists who bad served in the navy, In addition to all this the enemy bad from fifteen to twenty gunboats, three irom rams and several irov-plated floating batterles, and booms, torpedoes, chuing, fire rafts and ships in any quantity. Such wore the obstacles thet Commotore Farragut bad to encounter before be could hope Lo make bis way up to the city. Nothing daunted, be commenced the bombard- mout of Fort Jackson on the 18:h of April, 1862, and kepy Up A most dostrnctive fre, without intermission, uatil the principal vensel# of the equadron were prepared to pasa (be forts, which they did on the morning of the Dith, On thelr wey up they riddied and disibied the famons fom, the Maneewes, which, floating down the iver, W # again fired juto and @uuk by the flotilia under T describe him as ho now ap eared te me by one word, ' Captain Porter. Then followed the destruction of thir- teen gunboats and threo trausports belonging to the rebels, together with the loss of bundreds of lives on their wido. Om the 25th, et noon, two more batteries were silenced, and in another hour the squadron lay quietly at avchor near the city. Next day, the 26th, at couple of heavy field works, located about nine mites above Now Orleans, wore taken possession of by the Unionists, tn ny burning the new ram, the Missis- Sippl, mounting twenty guns, to prevect her falling into our hands. The Anglo-Norman, another ram, was also destroyed, though whether by the rebels or by the fire of Our vessels is not stated. The floating battery which lay at Algiers, opposite New Oricans, was sunk on the same day. General Butler landed his troops sbove Fort St. Philip on the 27th, and on the day following,both forts surreadered. The floating battery Louisiana was blowo Up previous to the eapitulation, In the afternoon Forts Livingston and:Pike were abandoned, and thus was com; pleted the capture of every point of defence commanding the approaches to the city, A more daring and brtiliant eries of operations than are thus briefly sketched are ‘ROt to be found on record. THE COUMTRY BLEOTRIFIED BY THESH BRILLIANT BXPLOITS. The country was electrified by these brilliant exploits. ‘Tho fight was esteemed the groatest river engagement of the age, in this or any other clime, The people con- sidered it a fatal blow to the rebeliion, and universal was their joy. Complimentary resolutions were acopted by whe authorities im all the ohief cities, and the name of Farragut was uttered with rapture in all loyal circles of Society, The Secretary of the Navy sent the following ongratulatory letter to Farragut:— Navy Darartunst, Wasuinaton, May 10, 1862. Sim—Captain Bailey, your second in command, bas bronght to the department the official despatches from your penadrea, with the trophies forwarded to the na- UonaFeapital. Our navy, fruitful with victories, presents nO more signal achievement than this, nor is there an su surpassing it recorded inthe annals of nayal war- in peasing and eventually overcoming Forts Jackson and St. Poilip, the batteries above and below Now Or- leans, destroying the barriers of chains, steam rams, fire rafts, iron-ciad vessels and other obstructions, cap- turing from the rebel torces the great Southern metropo- lis, and obtaining possession and control of the Lower Misalesippt, yourself, your officers and our brave soldiars and marines, whose courage and during bear historic re- mown, have now @ nation’s gratitude and appisuse. 1 congratulate you and your command on your great suc- cess in having contributed so largely towards<lestroying the unity of the rebellion and in restoring again to the Protection of the national goverament and tue vational flag the important city of the Mississipp! valley and so large a portion of ite immediate dependencies. Your ex- ample and its successful results, though attended with some sacrifice of life, aud !oss of ships, inculcate the fact that the first duty of » commander in war is to take great risks for the accomplishment of greatends. One and all, officers and men, deserve well of their country. 1am, respectfully, your obedient servunt, To Flag Offi D. @. Fi SINRON VERLLES. cer D, G. Farracur, Commanding @ Blockadiug Squadron, New Orleans, * ne SUBSEQUENT CARERS ON THE MISSISSIPPI. His subsequent career ot © Mississippi, the daunt- leas maoner in which, tn his wooden sbips, he passed the batteries at Port Hudson, Grand Gulf, &o., and loniency he showed towards the cities under his power, have already been fully described in these columns. Under the latter head it may not be inappropriate to ro- preduce the following communication of warming to the Mayor of Natchez, as it appeared in a Natchez paper:— Unitxp States FLacsnie Harrrorp, Orr Natousz, Miss , March 17, 1803. To His Hoxor tu# Mayor oF NaToHEs:— Sir—I] trust it is unnecessary to remind you of my de- sire to avoid the becessity of puvishing the innocent for the guilty, avd express to you the bope that the firing upon United States gunboats wil not be repeated by the lawless poople of Natchez or guerliia torces. Otherwise I shall be compelied todo an act most repugnant to my fellings by tiring on your town in defence of my people and for the honor of ‘my flag. Isball be most happy to see his Honor the Mayor on board, Very respectfully, D. G. FARRAGUT, Rear Admiral Commanding W. G, Blookading Squadron, RETURN TO THE NORTH—43 RECKIVED WITH GREAT REJOICING. On bis return to the North, fa August, 196%, Admiral Farragut received complimentary testimoniais in vo Place be visited; and the national and local authorities vied with each othor in the extent of their demonstra. tiong, In no place, however, was the heroic naval chief more honored than in the pretty village of Hastings, his home and the home of his family, and tn none did those honors fall with a more profound feeling of gratitude. HE GOBS TO MOBILE BAY, AND CAPTURES FORT GAIN&S, FORT POWELL AND FORT MORGAN. ‘We are sure that it is not necessary to recur to these last and crowning acbievements of the naval horo and genius of this century. The memory of them is too fresh and vivid fa the minds of opr readers to require a re iteraston at this early peried after their occurrence. The dash and dauntiess bravery exbibited in his bold and wa- paralleied feat of actually ‘riding over torpedees”’ jashed to the catharpin in the main rigging, and bringing bis nobdie wooden ship, the Hartford, broadside on to a fort that was pouring a murderous fire into his ship and his fleet, while the enemy’s rams and gunboats were biazing away with equal fury, has earned for him the familiar ttle of “Old Salamander” among the sailors, and the reputation among naval authorities of standing on both sides the Atiantic of being the bravest and most skilful naval commander now living. He 18 CONGRATULATED BY THE SECRETARY OF THE NAVY FOR HIS LAST BRILLIANT ACHIEVEMENTS. The following complimentary communication was addressed by the Secretary of the Navy to Admiral Far- regut immediately after the operations in Mobile har- bor:— Navy Derarraset, Wasnrnctox, D.C., August 15, 1664. Sm—Your despatch of the 6th tustant, stating that you had on the morning of that day evicred Mobile bay, passing between Forts Morgan and Gaines, and encoun’ tering and overcoming the rebel fleet, I hod the gatisfac. tiom to receive this day. Some preliminary account of your operations bad previously reached us througn rebel Channeia. Agaiv it 1s my pleasure and my duty to congratulate you and your brave associates on an achievement un- equalled ia our service by sny other commander, aod only surpassed by that unparakeied naval triampa of the Squadron under your command in the spring of 1862, wheu, proceeding up the Mississippi, you passed Forts Jackson and St. Pbilip, and, overcoming all obstructions, evptured New Orleans aod restored unobstructed navi: gition to the commercial emporium of the great central valley of the Unioo, The bay of Mobile was not only fortified and guarded by forts and batteries on the shores and by submerged obstructions, but the rebels bad also collected there « formivabie flees, commanded by their highest naval officer, a former captain in the Union mavy, who, false te the government and the Union, bad deserted his country in the bour of peril and levelied bis guvs against the flag whica it was bis duty to have devended. The sion of Mobile bay, which you bave ac- quired, will close the illicit traffic which bas beco carried on by running the blockade in that part of the Gul’, and gives point and value to the s: you have achieved. Great results in war are seldom attained without great risks, and it was not expected that the harbor of Mobile would be secured without disaster. The joss of the gal- lant Craven and bis brave compauions, with the Tecam- seb, & vessel that was impenetrable to the guus of Fort Morgan, by a torpedo, was a casualty against While the Ba- concealed which vo human foresight could gut tion awards cheerfal honors to the im grateful remembrance the memory of the gallant lamented dead who perilied their lives for their coun- try and died in ber cause. To you and the brave officers and sailors of your equadron who participated io this great achievement the De} it tonders ite thanks and those of the govern- band try. Vi fully, &e., Mee Oat Cee Wits cone &o., i q 'y of the Navy. Rear Admiral Davip G. Farragut, commanding, &c. HS 18 TENDERED THE THANKS OF THE NATION BY TH® PRESIDENT OF THE UNITED STATES. Sabsequently to the above Admiral Farragut received the thauks of the pation through the following commual- cation from the Executive:— Exxounive Maxsion, Sept. 3, 1864, The national thanks are tendered by the President to Admiral Farr and Major General Caobyifor the skHi ith which the recent operatiwos in Mobiie ‘engaged in the operations, for their which, undor the blessing of Provi- beon crowned with brilliant success, and bave won for them the applause and thamks of the nation. ABRAHAM LINOOLN. HIS AGE—FAMILY—THR LOVE MIS OFFICARS AND MEN BEAR TOWARD HIM. Admiral Faaragut is about sixty-three yoars of age, but 80 lithe and active that when on shipboard he takes daily exercise in running up the starboard rigging to the top- mast crosatrees down on the port side, In this ¢; cine be is joined by bis officers and men as well as boys, aod there is not s man nor boy among them that is able to «go through =the = exercino im quicker time than bimself, He is beloved by his of. cers aud idolized by bis men, who say they will go through “burning blazes’? to serve him, and ho takes the best cure of them, He ts extremely afable to all who approach him; and bis bravery may be Imagined, when he declares that wooden ships are the ouly ships to fight for glory in. Ho is now aching for a sea-fight. ‘When he hoard of the victory of tho Kearsarge over the Alabama, he was in eomtacies. He is cool, onlm and ont- Iected under all circametances. Is very abstemious, drinking bata little claret or sherry at dinnor like any reapoctable gentleman on shore, He has boos twioe mar. Tiod, the last time to the niece of George Loyall, Navy gent at Norfolk under Buchanan, and har one gon, we be- Heve, gamed Loyali. Anowber brave and loyal ‘ ‘son of the oon.” Commander Pennock married a daaahter of the | same George Loyall, Farragut bas been ever Ofty-Ove years in the navy of the United States, on and of duty, for be was but eght years old when he eptered the ser- vice. He isa most accomplished officer, of scholariy et tainments, and speaks fluently five or six modera tam- guages, including the Arabic. As bas been woll suid of him, if in youth “none knew bim but to love him,” Re bas now made it certain that henceforth it will be said, “none name him but to praise,” Tho better bis country men usderstand him, the more they wil! see that Bis t no false brilliancy; that he is not a flashing meteor, but a Ster in our national firmament. The past is secure, amd whatever mischance may betide him we shall fee! certain ‘hat be deserved success, AFFAIRS IN EUROPE. Our Paris, Milan and Borlin Correspondence, den Ren Oar Paris Corres pon: ° Paris, Oct. 14, 1866 England's Disposition to Get Semmes to Sea—Governer Seymour and the Foreign Copperheads—Inv:siments tae United States Stocke—The Lalian Question and the Tes poralittes of the Pope, de. A letter from Liverpool, under date of October 12, pu lished in one of the Paris papers, says;—Captain Semmes, of whom £0 little has lately been said, left the Mersey om Sunday last, on board the Laurel, Captain 8. F. Rameay. ‘Thus England 4s willing to send out this rebel pirate te prey upon our commerce and a petition sigoe’ by three hundred thousend of her people to ours, insultingly ab loging, like the Chicago platform, that our war i# a failure, and coolly asking us to give up everything for which we are fighting, in order to gratify the humane propensities of a nation which blows her rebela to pieces {rom the mouths of cannon. The principal agitator and first signer of suis petition is notoriously interested in blockade rea- ning and cotton speculations, Governor Seymour mast consider himself highly flattered at being selected as the most proper man in the United States to lay before aad ‘urge upon the people a demand from their hereditary and bitter enemies for their cousent vo the disruption of thely country. Bince all European stocks have been tumbling so fear. fully, 8 disposition to invest in American bonds, among large and small French capitalists, is dally becoming stronger. As the time for the meoting of the Italian Parlilamems approaches, the feeling is daily growing stronger thas troubdie to Europe will come out of the recent treaey. Trouble in a financial peint of view will certainly come te Italy, Although there will be a strong and active oppo- sition to It, there is little doubt that a majority of the Chambers will vote for the treaty and the removal of the eapital from Turin to Florence. The expenses attending the removal of the capital, with the establishment of the King, the Senate and Chamber of Deputies, the Coam- cil of State, the higher courts, the ministries, &c., te gether with iudemaities to be paid to the municipality ef ‘Turin, and the twenty odd thousand citizens employed = the service of the government, are estimated at a hum- dred and fifty millions of francs, Meantime the defoit te the budget of this year will be at least three hundred millions, and the Italian rene is daily depreciating tm value, while the enormous expense of keeping, i time of peace, a standing army of four hundred thousand men is daily eating into the very vitals of Italy. Disarmament or financial ruin indeed seem to be the only alternative, and for two years at lensed Italy will not dare to disarm. As yet the'course whic Austria will take in rélation to the new treaty ts eotirety uncertain; bat it is certain that she is strengtheniag Rep garrisons in,Venetia and the Quadrilateral; and itis by ae means yot sure that upon the withdrawal of the Frenes troops from Rome’ his Holiness will not look te her fer protection, Shou!d she graut it war is inevitable, and apy event, util the treaty is curried into effect, Europe will remato, even if matters do not become wroreey ia the unsettied ‘condition into which she has thrown by the treaty of September 13. Fourteen hundred priegts of the aiocese of Lyons have recently presented a formal protest to their bishep against the atiempted substitution of the Roman litu for the vernacular service which bas been im use their churches sizce the days of Charlemagne, It is be lieved, howevor, that the protest will not be heeded, amd. trouble in the church is anticipated. The Emperor and Empress will aot leave for Compeigne until the ead of the month. ae Bravin, Oct. 12, 1806. Effect of the American War Difficulty on Finance en Trade—The Retribution Which Awaits Speculators te Cotton and Cotton Bonds—Af. de Bismark's Journey Paris—The Rival Empresses—The New French Ambassa- dor in Berlin— Waning Prestige of England, #6. ‘The Leipsic Michaelmas fair ts just over, and has bees the worst for cotton goods within the memory of mao. The buyers are persuaded that the Amorican war is drawing to a close, and that peace will be followed by a tremen- doas fall in cotton, for which reason they keep aloef, and notwithstanding the manufacturers have reducs@ their prices, they are unable to dispose of any considers- ble amount of goods even at heavy sacrifices. The sourcity of money, too, has @ great effect upon trade; soveral failures have alresdy taken place, and symptoma are not wanting of an impending crisis, simtiar to that ef 1857, and perhaps even exceeding it in the magoitude of Its dimensions. That tho termination of the American troubles will re- act with irresistible force upon Europe is geoerally ad- mitted, but whether the result will be.for good or evil = quite problematical, The manufacturers and speculators: {0 cotton will certainly be great sufferers; but their losses may be counterbalanced by the gains of the holders of Americansecurities, who are dally becoming more aw merous aud mapy of whem have already realized large profits, The journey of M. de Bismark to Paris bas taken the public by surprise, notwithstanding the assertions of the official journais that {t has no political motive, and thad he only paseed through the Freach capital on his way te Biarritz, the baths of which bad been ordered bim by his physicians, Kvery one who has seea the promisr lately agrees in stating that he enjoys the most robust health, and bas no need of any baths whatsoever, and although there was a rumor before that he intended making a trip to Paris, it was thoaght he would not start tilt the interview bad come off whieh had been arranged between the King of Praseia and the Emperors Alexam- der and Napoleon at Baden Redon. For the failure of that interview many causes are assigned, but the currens Version appears to be the following:— Louis Napoleon was to join his wife at Schwalbech and proceed with her to Baden via Darmstadt, where they were to pay a visit to the kmpross of Russia, whe has been staying thore a groat part of the summer. Now, it will be recollected that as far back as the mest Ing at Stuttgard, in 1857, the Czarina exbibited a dim clinatton to make the acquaintance of the ci-devant Ma@- emoisolle de Montejo, whom she regards as a parvenma, and whose (ree and easy manners are voted mauvats tow by persons aecustomed to the starched etiquette of the old legitimate courts, The seven yoars that have elapsed since then have not dimimished the repugnance felt by tbe Muscovite Empress for the fair Eugente, and she expressed her firm determination not to be ‘at home’? when tho latter came to see her. Eugenie me sooner heard this than she quitted Schwalbach withows waiting for ber imperial consort, made a long detour to avoid Darmstadt, and, after paying a fyieg ‘Visit to the Duchess of Hamilton, at Baden, rushed back to Parts to lay hor griefe before the Emperor, To M. de Bismark, whose favorite plan is @ triple alliance of Prussia, Russia and France, this affair must bave bees extremely unpleasant, and It is believed that he followed ‘the Empress to Paris for the purpose of removing the pression that must have been produced Of the illustrious pair by the conduct of - | Theso female intrigues, and the importanee Attached to them, show how Jittie progress hae deem made in Europe since the last ury, when @ aquabdble betwesa two indies of the bodchamber led te the igoomimious peace of Utrecht, and the vexation of Madame de Pompadour at the opigrams of Frederick Groat browght on tho Seven Yenrs’ wat The Empress of the French ta said to have been ing Very bad humor over since the conclusion of the treaty with Italy, which, indeed, was the cause of her ieaving Paris so unexposiodiy and dropping down in the Htte village of Schwalbach, and she now returns in a more irritable mood than ever. As the Emperor and Kmpress of Kuasia aro going to Nice, and wijl consequently pase some time on French terri it is probable that Loute Napoleon will call upon tt but there is not mack chunco that Kugoule will be of the party. te