Cht Vrtss.
TUESDAY, AUGUST 4, 186:1
TILL SI TUAT lON.
That the situation is confused cannot be
now complained. It is clearly defined, and
intelligible. The lines of victory have been
sharply drawn ; the results are appreciable
at a glance. With the point of a pen we
may run over the map and mark vast tracts
of territory recently regained from the re
bellion. Victories that have for their reward
whole States are easily understood. We
know what we have done. The weakness
of the rebellion in the Southwest has been
shrewdly pointed out by the fact not merely
that Vicksburg fell, but that, during the long
siege, not one attempt was made to relieve
the city. The enemy had actually no army
able to interfere with Gen. GRANT. Now
he has advanced, almost =resisted, into
the heart of the country, has complete con
trol of the great river, and threatens the
immediate subjugation of Mobile and all the
surrounding country." Thus far, we. have
had no trouble from the guerilla, .nor do.
we believe that any effectual interference
with the navigation of the Mississippi can
occur.
General GILMORE has heavy guns in posi
tion within one mile of Sumpter, and is
confident of being able to reduce that strong
fortress as well as Fort Wagner. The pro
gress of the siege has not been marked by
any recent victory, but the general success
is uninterrupted. Cunriming's Point has
been bombarded by the monitors, with
what success we cannot know from the
rebel journals, which furnish the informa
tion. The grand attack upon those mighty
works which defend the city of Charles
ton has ,not yet been made, and all the
;attacks thus , far must be regarded as
preliminary merely—intimations of the
great preparations for an assault which we
think cannot be resisted. In General Gm-
MORE'S ability - we can rest confidence. He
is working surely and steadily, and has al
ready gained advantages upon which will
be based resolute advances. We must not
undervalue the strong defensive position of
CharleSton, nor forget that its harbor was
fortified at enormous expense by the 'United
States, and that during the lust two years
the rebels have greatly increased its Strength.
In Virginia we have -much reason to soon
expect another great battle. The enemy is
retiring upon Richmond, and our army fol
lows him steadily. The Rappahannock has
again been crossed. What position General
LEE will select for a stand is undetermined,
but from the present disposition of the two
armies the outbreak of .a battle at any mo
ment cannot be surprising. Yet, from the
record which LEE has left in Pennsylvania,
and on his march thence to Culpeper, we
have learned that his anxiety to fight is not
very great, and that, so far as his wish is
concerned, it will be delayed as long as
possible. We consider it more than proba
ble that he is falling back on reinforcements,
and that, if a battle cannot be forced before
his plans are consummated, other elements
may change the relative position.
The Convention.
A suggestive thought will occur to the
gentlemen of the Convention, which is to
meet in Pittsburg to-morrow, when they re-
call the time at which its session was for
erly intended, and the changes that have
ince taken place. The day fixed for the first
.eeting of the Convention came to pass in
, he midst of a great and growing peril. The
- State had been invaded, and the rebels were
growing T fat and lusty over the spoils of
Upper Maryland and the Cumberland Val
ley. It was a time of dread and danger, and
only ended by a fierce and bloody battle on
the limits of a Pennsylvania town. The
members of the Convention justly felt that
their services were due to the State, and
that it would be well to postpone any delibe
rations that looked to the good of the Com
monwealth until danger of its invasion was
at an end. Therefore it was postponed, and
we now see the Convention assembling
in the midst of general joy over our recent
victories. The rebel foe has been driven
from our State, and an Administration,
which these gentlemen are particularly call
ed upon to represent, hai shown that, not
withstanding the perils and calamities that
have befallen its agents in various military
enterprises, it is bold and prompt enough to
meet the invaders of any Northern State
upon the threshold and drive them forth
in shame and discomfiture. A Convention
of loyal Pennsylvanians, many of whom
have done a noble part towards delivering
the State from rapine and war, could meet
at no more fitting time than this.
As to the duties of the Convention we
have said all that we intend to say. The
members have it in their power to save the
State of Pennsylvania from the control of
the enemy in the coming election, and to
elect a loyal Governor for this grand old
loyal State. Give us Governor Curcrnr, if
necessary—give us a better man, if one can
be found. At all events, give us a candidate
who will possess the confidence of the peo
ple in sueh a degree that he can be elected
by a large majority. We have all the ele
ments of success in the corning campaign,
and it only requires the gentlemen who meet
tomorrow to exhibit prudence, discretion,
and firmness, to enable us to win the
greatest political victory of the age in Oc
tober.
The Draft.
When a man is drafted, the first duty of
the Government is, doubtless, to prepare
him gradually for the fatigues and hardships
which Fortune, symbolized by a blind man
turning a crank, has decreed he must under
go. For, this purpose; if for no other, the
system, or, as a German would say, the no
system, adopted in the Fourth Congres
sional district of this city, was designed; or
perhaps it would be wiser to say; selected.
Thdie the raw conscript is converted into a
thorough soldier by exposure to the fires of
day and the dews of night; like BYRON'S
Sardanapalus, but that was a dream and this
is reality, is "purged in the flames and with
in the air;" and is taught those distin
guishing qualities of the best troops, pa
tience and hope, under the most discourag
ing circumstances and the severest trials.
We desire it understood that we have no
fault to find with the able and gentlemanly
provost marshal, commissioner, and sur
geon of this district, beyond the fact that
they have not devised, nor apparently made
any attempt to devise, any remedy for the in
conveniences to which the public is at present
subjected. Their want of sufficient force
limits them necessarily to from forty to sixty
examinations of exempts and substitutes per
day. We do not blame them for that, though
some one is to blame: But surely it is within
the scope of human ingenuity to invent
some method . by which those who desire
exemption, or to present substitutes, may be
spared the necessity ofwaiting from ten inthe
evening to four of the afternoon of the next
day in the open - air. Let a single ward be
examined by precincts on special days. Let
tickets be given to applicants entitling them
to precedence in the order in which they are
obtained: Let the numbers of the drifted
in their notices be taken as a basis of order.
But let some system. different from the
present be adopted. It is no slight inconve
nience for a.laboring man to lose day after
day in vain endeavors to obey the law; it is
no slight inconvenience for a man whose
health is weak, to be exposed to drenching
rain and - .burning sun, to be compelled to
sleep on the ,harewood of the cellar-doors,
and harder,sti*of the steps of the provost
marshal's office, and then to stand all day,
waiting fok his turn, and perhaps waiting in
vain. Itshould , be remedied witlont delay.
The Influence of. Our Victories in Europe.
"The gleam of success which has fallen on the
Federal arms in the surrender of Vicksburg."
These words are almost the entire com
ment of the London Times upon the most
important victory of the war. While Vicks
burg was in the possession of the rebels, the
Times paraded the importance of the posi
tion, its strength, the gallantry of its defend
ers, and considered hopeless the task of
General GRANT. Now that the hopeless
task has been accomplished, and Vicksburg
is in the possession of the National forces; it
has scarcely a word for the victory. Could
the Thunderer thunder more unjustly? The
inconsistency of its course is not with a
comic aspect, for it must have been hard for'
the prophet to eat his own prophecies, and,
indeed, his grimaces in taking such an un
welcome meal are monstrous. We may
measure by the silence of the Times in re
gard to this victory its chagrin and disap
pointment. Had it been able to have spoken
one word of comfort to the defeated Con
federacy, it would not have abstained from
speech. But, with all its ingenuity, it was
unable to escape from its own record, and
could only disparage our success by the
sullen statement that the Mississippi would
still be controlled by the guerilla parties of
the enemy.
The opinions of the London Times deserve
notice not because of their intrinsic value,
but because' they are representative and
influential. It is either the leader or the
follower of a large part of the English
public; it expresses a feeling which is to
some extent national, and embodies the
policy of many of the English statesmen.
Whatever it may say has, therefore, this
dependent value. It speaks for the enemies
of the United States in Europe, and we are
interested in its utterance. "Do not repeat
to me the praises of my friends, but let me
know the censures of my foes." This was
said by a man supposed to be wise. We
may learn lessons of consolation and hope
from the angry comment of the pro-slavery
European press upon our recent victories.
The value of these victories is weighed by
the Times in scales :of its own construc
tion, very unequally hung. The real lesson
to be drawn from the war, we are gravely
informed, is that the issues sought are not
to be gained by war at all. This is cheerful
reasoning. The Times has evidently for
gotten that the issue of Southern indepen
dence was hitherto certain to be gained by
war, and that the capture of Washington,
of which it so confidently expected to hear,
was to insure the recognition of the Con
federacy. Successes achieved by the rebels
are inestimable; victories won by the nation
are valueless. This peculiar style of argu
ment, the deduction of two sets of conclu
sions from one set of premises, entitles the
Times to the respect of every man who is,
ignorant of logic, and the affectionate
admiration of all persons bereft of reason.
All Powers, all individuals, opposed to free
republican institutions, will under-value the
results of our triumph, and we mast expect
perpetual injustice at their hands. Yet the
influence of victory will reach them, and
whatever indifference they may profess in
words, their actions will not be independent.
Vicksburg has a direct effect upon the
foreign relations of America. Newspapers
in the interest of the rebellion may depre
ciate the value of its capture, but Govern
ments will silently adapt their policy to -the
fact. The demonstration of the increasing
weakness of the rebellion cannot be over
looked. Mr. SLIDELL cannot persuade
-France that the rebellion is happily pro
gressing to success, and all the cloudy so
phisms of a host of anti-American journals
cannot - veil the permanent value of the re
covery of the Mississippi. A. fact may be
denied, but it cannot be destroyed. It may
be disbelieved at first, but in time it be
comes its own evidence. The results of the
late successes are as yet in the bud, but the
bud will break, the blossom unfold the fruit,
and the fruit ripen in the end.
The effect of our victories on the friends
of freedom will give t them renewed energy
and a stronger position. Their predictions
are fulfilled. New force is given to their
arguments. Such men . as J olur BRIGHT
will advocate the cause of the Union with
increased zeal and with greater success, and
such journals as the London Star and Daily
News will be rewarded in their noble de
fence of liberty. We can imagine the relief
and - joy which our many friends in Europe
felt when the great tidings reached them.
The Star justly said that "seldom, if ever,
has it been the lot of the journalist to an
nounce on the same sheet two events of
such transcendant importance as the fall of
Vicksburg and the retreat of LEE." We
have deep reason to thank these thorough
sympathizers with our nation for what they
have done and are doing. While we thank
them, we place another weapon in their
hands. We have taken the argument from
our enemies and given it to our friends.
Thus, at Vicksburg and Gettysburg, not
merely the armies of the rebellion were de
feated, but the tools of the rebellion. in Eu
rope ; not only the armies of the Republic
triumphed, but the foreign friends of the
Republic. It wa•s a victory on two conti
nents.
Liberia as a Cotton-lield.
The experiment of the American Coloni
zation Society in 1820, in establishing a set
tlement of free blacks on the Liberian coast
of 'Africa, has long since been demonstrated
to be a most gratifying and complete suc
cess. In the brief space of forty-three
years—less than the span of a single life—
the infant colony has expanded into the
prosperons and independent republic of Li
beria, and its nationality has been recognized
by all the leading. Powers of the world.
From a few hundred settlers, the popula
tion, including natives, has increased to hun
dreds of thousands_; commerce and agri
culture are in a flourishing condition, and
all the elements of prosperity are being-de
veloped and turned to good account. We
have been shown a letter, recently written
to a gentleman of this city, by Reverend
'ALEXANDER CnIFITISIELL, a black man of
'liberal education, for several years a labori
ous minister of the Episcopal Church of Li:.
beria and at present professor in Liberian
College at. Monrovia. The account which
he gives of the prosperous condition of the
young republic is so highly gratifying that
we make a few extracts. The letter is writ
ten from Monrovia, the national capital.•
After stating that he has just returned from
a trip to England, the writer says :
"I was landed at Cape Palmas, and sailed
up thence to Monrovia ; and on the passage
we stopped at all important places, save
Bassa. I have never seen so . much coffee
prepared for shipment, in Liberia, as I saw
at Sinon. On my arrival here, I found
equal zeal in this article, in this country ;
and from every quarter I hear reports of
preparation for a more extensive planting
of coffee-trees than has ever taken place
before in the country."
After alluding to the opening of Liberia
College, and to the efforts being made to in
crease the efficiency of the schools for the
instruction of the Congoes, the letter adds
"I may not dismiss the case of the Congoes
without adding, that, in the general, they
are making progress in civilization and in
the knowledge of God. Of the twenty who
are living at Cape Palmas, seven are inem
hers of churches." The letter will be
chiefly valuable and interesting to worldly
minded people, however, for the attention
which it, devotes to the question of cotton
culture, and for the important information
which it conveys upon this subject, now
made doubly interesting to us all by the for
tunes of war. Mr. CurArraELL says : "
send you a small box of cotton, which I
wish to submit to your inspection. Our in
terior natives are bringing in-:raw cotton for
sale, as; yet in but small quantities: One of
my friends . is holding out inducements' to,
the natives to brine it to him, and he is now
purchasing it at the rate of about forty
pounds•. per, week. This cotton is pur
chased with trade goods, and .costs, in
cluding transportation to Monrovia and gin
ning, the sum of ten cents per pound: The
additional cost of transhipping would in
crease the price to twelve cents per pound."
The letter further states, that about seventy
five miles from the coast fields of cotton
are grown everywhere by the natives, and
as we know cotton to be indigenous to this
territory the statement is doubtleso correct.
The most of this cotton is made into cotton
cloths ; but the natives can easily be in
duced to purchase English cotton goods,
and, instead of manufacturing, to bring the
raw material to the coast.
The people of Liberia have been engaged
in the culture of sugar, coffee, palm oil, cam
woods, and other products of like nature
Hitherto scarcely any attention has been
paid to the vast resources of the territory for
the purposes of cotton-growing. The rea
son is obvious. The Southern States, until
the breaking out of the rebellion, have en
joyed a monopoly of the market. Labor in
the Ei outh was cheap=costitig almost noth
ing in comparison with the capital it pro
duced, and the facilities for the development
of. compere° were unrivalled; the Missis
sippi,-Vhio, Missouri, and Arkansas rivers
not only irrigating the fields of the South
ern planter, but bearing his ripened crop to
a sure market. It is different with Liberia.
It is not that labor is unusually scarce there,
for the population, including natives, preba
bly comprises between three and four hun
dred thousand souls, and it is being constantly
increased by the exertions of the American
Colonization Society, which beneficent and.
useful organization has accomplished much
towards the amelioration of the condi
tion of the free blacks in the United
States, and the development of the Li
berian Republic. It is not that the cli
mate is so much more unfavorable than that
of the Southern States, for though warm, it
is never oppressive—the average range of
the thermometer being from seventy-five to
eighty-five degrees Fahrenheit. It may
reasonably be interred, therefore, that the
natives are not more indolent than the ma
jority of Southern slaves ; and certainly
self-interest, the most powerful motive that
any class of men can have to labor, should
exert a marked influence on their character
and progreSs, especially in connection with
the examples of thrift, industry, and enter
prise, which, as a general rule, is set them
by immigrants from the United States.
None of these causes, therefore, are suffi-'
cient to account for the slow progress which
Liberia has made as a cotton=grower. The
difficulty one not indigenous to the
country, but yet it is one peculiar to all
new and sparsely settled countries. Scarce
as labor may seem, compared with the
fields that wait to smile upon its co
ming, capital is still more scarce ; and
-it is this difficulty more - than any other
that has retarded the -progress of the new
and flourishing republic. There is no rea
son why Liberia should not 'become one of
the greatest cetton-growing regions in the
world. Specimens of .the Liberia cotton
have been examined by competent judges,
and pronounced &Vial to any'grown in the
United States, except the Sea Island, and
worth, at present prices, at least seventy-five
cents per pound. With cheap labor, a fa
vorable soil and climate, and the-spontane
ous growth of- the cotton-plant, Liberia has
all the advantages, save capital, for the pro
ductive yield of this most important fibre.
It is astonishing to us that the subject has
not awakened the interest among capital
ists which its moment warrants. Perhaps it
is an unfortunate thing for mankind that
capital and enterprise are not convertible
terms. If they were, Liberia to-day might
be much further advanced in the path of
progress and prosperity, and her commerce
might extend to every sea. 'Nevertheless,
as being in some sense an offshoot of our
own Republic, and with laws and institu
tions modelled after our own, we feel some
degree of gratified pride that her career has
been so peaceful and full of success; while
at the same time it may be regarded as but
the promise and beginning of future pros
perity. The benefits which may result, not
only to the colored rac.e, but even perhaps
to ourselves and to the civilized world from
African colonization, may be.incalculable.. It
is the triumph of civilization over barbarism,
and the fruits of such triumphs are always
shared by all the nations of the earth.
The Season.
These weary summer days are so complete
ly associated with the campaigns - in Ken
tucky, South Carolina, and Virginia, that we
find but little interest attaching to any of the
more pleasing and peaceful events around
our homes. The season is one of war and
scarcely one of pleasure, although we think
it may -be said that pleasure had never more
devoted and constant worshippers. Every
watering Place and summer resort is crowd
ed with the gay followers of fashion ; and it
is difficult to realize, in the midst of, the
grand saloons of Cape May, EphrilVa, Cres
son, Bedford, and Atlantic City, that•an ex
hausting war is depressing the country; and
draining the resources of the States known
as the " Confederacy." These summer
months show as much life, animation,
and gaiety as were ever seen before. in
a single season. • There are those who
may consider this an indication of na
tional negligence and depravity ; a want
of interest or confidence in the Union.
We do not think so. When the
people regard war in its proper light,
and not as mere matters of hospital disci
pline and ambulance management, we feel
assured that, in their minds there exists a
proper spirit of respect for the Union, and a
war for the preservation of the Union. Why
should the citizens of the country not con
tinue to enjoy themselves in their own time
and way ? Why should a great people,
boldly and solemnly resolved to be free, re
fuse to enter into the - enjoyments and.plea
sures of their fellow-men ? We do not de
preciate nor neglect the great issues in
volved in the war, and we regard it as a
mistake to overlook the true duties of the
citizen to the country. At the same time,
let those who can afford to be merry enjoy
themselves. America is great enough to
earn its liberties without making this sum
mer of joy a winter of discontent. We
welcome the season for the many pleasures it
brings ; for the new life it gives to Nature ;
for its joy, its pleasure, - and its profit. The
season should be one of gladness, and we
are pleased to see that thus far joy has
reigned triumphant.
The Late Colonel Shaw.
The following address of General SAXTON
we are glad to publish. It is a just acknow
ledgment of the noble services of the late
Colonel Strew, and worthily appeals to the
spirit of the race for whose good he fought.
Its truth will be appreciated-not merely by
the soldiers of the gallant 54th, but by all
patriotic Americans, whether white or black.
The suggestion that a monument should be
raised to commemorate his distinguished
services must meet the hearty approval of
all friends of freedom : •
BEAUFORT, S. C., July 27, 1863.
To the Colored Soldiers and Freedmen in this Depart
ment :
It is fitting that you should pay a last tribute of
respedt to the memory of the late Colonel Robert
Gould Shaw, colonel of the 54th Regiment of
Massachusetts Volunteers. He commanded the first
regiment of colored soldiers from a free State ever
mustered into the United States service. He fell at
the bead of his regiment, while leading a storming
party against a rebel stronghold. You should che
rish in your inmost hearts the memory of one who
did not hesitate to sacrifice all the attractions of a
high social position, wealth, and home; and hie own
noble life, for the sake of humanity. Another mar
tyr to your cause, that death has added still another
hope for your race. The truths and principles for
which he fought and died still live, and willke vin
dicated. On the spot where he fell,' by the ditch into
which his mangled aad bleeding body was thrown,
on the soil of South Carolina, I trust that you will
honor yourselves and his glorious memory by ap
propriating the first proceeds of your labor as free
men towards erecting an enduring monument to the
hero, soldier, martyr, Robert Gould Shaw.
R. SAXTON,
Brigadier General and Military Governor.
Promotion of General Logan.
A Washington despatch to the Evening Post aster :
'General Logan is to be assigned to the command
of the Sixteenth Army Corps. Everybody here is
pleased at this promotion. General Logan, has
shown himself a gallant, capable, and judicioui opl
cer, as well as a thorough and uncompromising pa
triot ; and this prompt sokohwledgment of his ser
vices before Vicksburg will delight the army, which
likes him, .and the country, which has- watched his
Course in the field and at home."
United States Christian Commission at
Detroit.
DP.Tnayr, August 3.—Two good meetings were
held here yesterday for the Christian Commission;
one in Rev. Dr. Duffield's - church and the other in
the Young Melee Hall. Rev. B. W. Chldlaw, of
Cincinnati, and Rev. A. G. McAuley, of Philadel
phia, made addretises at ,hoth. Much enthusiasm
and good collections in each. Meetings will be held
in other places this week.
THE PRESS.-PHILADELPHIA, TUESDAY, AUGUST 4, 1863
WASHINGTON, August 3, 1863.
Revocation of the Order for 100,000 Six-.
Months Troops—The Exigency Past.
The following order was issued to-day from the
Adjutant General's office :
"The exigencies under which one .hundred thou
sand militia for the six-months ser*iolfefrom the
States of Maryland, Pennsylvania, Ohio, and West
Virginia, were called out by the President's procla•
mation of June la, 1863, having passed, it is hereby
ordered by the President that, on and after the pro
mulgation of this order, no more enlistments under
the said call shall be made. - •
"By order of the Secretary of War.
"E. D. TOWNSEND,
" Assistant Adjutant General."
Payment of the Army of the Potomac.
Paymasters will leave Washington tomorrow to
pay off the Army of the Potomac up to the Ist of
July.
The drafting, for the District of Columhia com
menced tins morning. A large crowd was in atten
dance, and was remarkablyorderly.• Intense interest
is everywhere manifested in the result.
THE ATTACH ON CHARLESTON.
Latest Accounts of the Rebel Press.
FORTRESS Morino]; August 3.—The Richmond
Whig of August let has been received here. It con
tains the, following despatches:
" earantaisTorr, July 31.—.0umming's Point was
severely bombarded yesterday morning, commencing
at about 10 o'clock. The Ironsides and two moni
tore were engaged.
"The bombardment lasted until about 3 o'clock in
the afternoon, when the vessels withdrew.
"The batteries Gregg, Simpkins, Wagner, and
Sumpter responded to the enemy's fire. Two men
were killed and one wounded at battery Gregg.
"The battery is not materially injured. ,
"There was no firing on James Island to-day, and
very little from Fort Wagner.
"General Beauregard visited the James-Island
works to-day."
• [SECOND DESPATOH.]
CHARLESTON, July 31.—A heavy bombardment
wan commenced at daybreak on the enemy's works
from Sumpter and Wagner, continuing until two
o'clock, when it ceased. The Richmond Whig of the
int also contains the following
WICLDON, N. C., July 29.—The latent intelligence
was that our forces were retreating below Jackson,
destroying the bridges as they go.
LEAVENWORTH, August S.—Captain Harvey, at
Westport, learning that it wan the intention of the
guerillas to attack a.large train which left Kansan
City for Santa Fe the latter part of July, be started
in pursuit with one company of Kansas volunteers.
He overtook the train, and finding it had been robbed,
he started in pursuit of the robbers, when he
came up with Captain Collegan, with a company of
the 9th Kansas Regiment, who had come up from
Santa Fe to meet the train. Each party sup
posed they had found the enemy. Captain-Colle
gan drew up his men in line of battle, and
ordered a charge. A severe fight ensued, in which
many were killed and wounded before the mistake
was discovered.
CINCINNATI, August 3.—Only ten wagons were
captured and burned by Scott's rebels at Stamford,
Kentucky, instead of sixtYTas was reported.
A special despatch from Lexington to the Gazelle
says Scott's raid has concluded.: Some two or three
hundred rebels have effected a crossing of the Cum
berland, leaving their stolen wagons and other pro
perty behir.d them.
Four hundred prisoners captured from Scott's
command passed through Frankfort to-day, for
Louisville.
Election in Kentucky—Union Victory.
CINCINNATI, August 3.—The election in Ken
tucky passed off quietly. The following returns
have been received :
Bramtette, U. Wiciliffe. D
Paris 296 21
Maysville 353 3
Lexington 618 107
Georgetown 349 355
Nieholasville.... 152 2
Cynthiana . 135 87
Covington 1,385 59
FOR CONGRESS.
Clay, (II.) Buckner, (D.) Boyle (U.)
Paris 306 22 1
Lexington ' 683 161 12
0...
Georgetown ... ...... 305 299 13
Nicholasyille 127 19 16
Wadsworth, U. Brown, D,
Maysville . 312 21
Afenzies,l). Smith, U.
Cynthiana 174 100
Covington 56 1,331
The Union majority in the State will be about
20,M.0.
Bankers and Clay are certainly elected in the
Aebland district.
LOUISVILLE, August 3,--Bramlette , s majority over
IN liffe, for Governor, in this city, is 2,330. The
neighboring districts, as far as heard from, give large
Union n ajorities.
BOSTON, August S.—The bark Daniel Webster ar
rived here tcs day, bringing advises from Bahia to
July A. The rebel pirate steamers Georgia and Ala
bama sailed from Bahia on May 24th. The United
States steamer 'Mohican arrived on June 24th and
sailed on the 30th, in pursuit of the pirates. The
Mohican had one man killed and another wounded
by the explosion of a gun, while firing a salute at
The U. S. ship Onward also sailed about May 28th,
on a cruise. •
The Daniel Webster brings home a number of
seamen belonging to the ships Sea Lark, Dorcas,
Prince, and bark Union Jack, which vessels were
destroyed by the pirates.
NEW 'Thick, August 3.—The steamer Melville,
from Havana on the 25th, arrived here this after
noon. The fire was still burning in the ruins, but
its progress was stopped after consuming sixteen
warehouses, containing six hundred and seventy
two,bales of cotton, 63,012 boxes of sugar, and large
quantities of other goods, a considerable amount of
which was intended to run the blockade, and be
longed to 'Englishmen. The loss is estimated at
over a million and a half dollars.
The rebel steamer Nita, with a cargo of cotton,
arrived at. Havana on the 23d ult.
A Washington correspondent of the fiew York
Ti2nes thus vindiCates Major General Halleck from
the slanders circulated in certain semi• disloyal jour•
nab
Having lately obtained access, through a friend,
to a somewhat-behind-the-scenes view of matters
and things at the War Department, I propose, in
this communication, to state, as briefly as possible,
a few facts which will hereaf , er enable all unpreju
diced observers of public affairs to judge precisely
how much credit should be given to these attacks
upon the General-in-Chief, which appear as if stere
otyped in each successive issue of the journals re
ferred 'to.
For the blunders which made General Milroy a
major general, and retained his command, with its
important supplies, at Winchester, until routed and
captured by the advancing columns of Lee's army,
General Halleck has been held responsible; while,
in fact, General Milroy's promotion was mainly
made upon political grounds—grounds never recog
nized, always strenwnwly opposed, by the General.in
chief; and while, in fact, General Halleck had not
only urged but even ordered. General Schenck to
withdraw General Milroy's command - from its ad
vanced and untenable post of observation long be
fore General Lee's army had started from Frede
ricksburg on its Northern raid.
As far back as last November General Cullum,
chief of General. Halleck's staff; was-sent to exa
mine and. report upon the condition of the works
at Winchester, and his report was—not merely that
the works were indefensible from bad location,
though prettily enough-,constructed per -se; • but
that the place itself reqired no works; and ought
to have no heavy garrison—it being merely, in
General Cullum's own phrase, "an eye of the
national army looking down the Shenandoah
Valley"—in advanced outpost, from which in
formation could be communicated at an early
moment to Harper's Ferry of an advance of the
rebel troops in this direction. It was upon this report
that General Hailed( advised General Schenck to
withdraw all forces from Winchester, leaving there
merely strong cavalry pickets to act as scouts and
vedettes ; and later, when the advance of Lee from
Fiedejicksburg became known, this advice took the
form of a peremptory order for the immediate with
drawal of Gen. Milroy's forces 3 the onus now rest
ing upon Gen. Schenck of explaining how this order
came to be disobeyed. It should be borne in mind
that the appointments of department commanders
ate not made by Gen. Halleck, nor has he power to
remove any department commander. All he can do
is to report any malfeasance or misfeasance ; and
with this report made, his dutiesiand his powers ter
minate.
It has also been the fashion to blame Gen. Hal
le& for all the errors, real and imaginary, of the
Army of thePotorna9, while that army was under
the command of Maj. Gen. Hooker ; while, in fact,
Gen. Halleck had no official knowledge of the exist
ence of that army, except as to matters of the
merest routine, or in the transmission of orders die
tated to him, from the day of Gen. Hooker's
assumption of the command until the day upon
which Gen. Hooker, at his own request, was re
lieved at Centreville, and General Meade put in
his place. = To explain this state of affairs the fol
lowing facts will suffice : 7General Hooker was not
General Halleck's choice for commander of the
Army of the Potomac. He fully appreciated Hooker's
worth as a gallant subordinate ; but was of opinion,
and so strongly expressed himself, that Hooker was
not the man for supreme command of the most im
portant of our armies. Nevertheless the appoint
ment yens made, and from the day of his inaugura
tion in command to that of his relief, General Hooker
sent no reports to General Halleck, but communi
cated directly with the higher powers, who, some
times consulting General Halleck, but for the moat
part not consulting him—thus apparently sustained
General Hooker in his practical ignorement of the
General-in-chief's authority.
Under these circumstances, General Halleck de
clined to be responsible in any manner for the result
of events over the framing of which he had no con
trol.l He could not dictate an enforcement of the
Buret rules of military discipline, and an adherence
to army usage I nor are his ideas of subordination
and duty of that loose kind which have occasionally
tempted subordinates to threaten to " break their
swords" if superiors in rank should refuse to see
things through their eyes. All Halleck could do, he
did ; and this was, by tbe most careful foresight and
exertions,-to- assure himself that the disasters
which he feared were about to overtake the Army-_
of the Potomac should not be allowed to extend be
yond that army; and should be mitigated as much as
possible in, their. consequences. •
Finallit came the battle of. Chancellorville, or, as
the rebels call it. " of the Wilderness," to overturn
this order of things—as the battle of Fredericksburg
had overturned a closely similar state of facts in
regard to, General Burnside. On the rhlief of
Hooker, the authorities determined that-the Army
of the Potomac should be surdected to the same
titles governing all other armies; and partly from
this determination, - and partly from the rigid and
correct ideas of discipline entertained by- General
Meade, General Halleck, I am given to understand,
will no More he interfered with in regard to the
Army of the Potomac—the army which, perhaps,
from its proxiniity to Washington, the political ele
ments of the country have heretofore been fondest
of trying thelfhands at " running."
In the West and Southwest General Halleok 'has
never been interfered with. His authority has never
been disputed, and the results are before the noun.
try. Let us trust that, under the new order of things,
with regard to the Army of the Potomao,-the same
Income' may crown our arms in , Virginia which
WAf3f ING-pON.
Special Despatches to The Press.
The Draft In Waahington.
THE WAR 31N KINSIS.
An Unfortunate Mistake.
THE INYLSION OF: KENTUCKY.
NOR GOVERNOR.
Movements of the Pirates.
RANANA.
Tile Record of General HaHeck.
we have already found in Missouri, Arkansas, Ten
neleee, Allasisrappi, and Kentucky.
On the subject of the draft, I learn that General
lialleck is very,emphatic : "Sir, we must either
raise two hundred thousand men this fall for victory
and peace, or eight hundred thousand men next
spring to prevent all that we have won being wrung
from us," Most of the "two-years' men" and
"three-months men," it should not be forgotten,
were placed in the Army of the Potomac ; Sad while
those journals which oppose the draft are blaming
the Army of the Potomac for its alleged "inactivi
ty," these facts should be borne in mind, and the
proper responsibility should be attached to all who
oppoie the draft.
NEW YORK CITY.
['Correspondence of The Press.]
NEW Yorm, Augusta, 1.863.
THE SUMMER EXODUS_—EMBERS OF THE
The watering-place rage has, as usual, produced
depleting results ; and the blank, lonely-looking
houses, that here and there dot the avenues, give
sufficient evidence of the fact. The hot, unwhole
some weather of the past few days has induced the
entire perspiring community to look feebly toward
the cool shade of the mountains, and the sparkling
effervescence of thermal springs; but beyond this
faint indication of a general desire, the commercial
portions of the city evince none of the mania for
summer hegiras ; the crowds hurrying hither and
thither drove no abatement, either in numbers or
business energy. All along in the rivulet of shade,
which lies upon the protected side of Broadway,
may be seen many fat but respectable men, denuded
of vests and collars, and daring apoplexy, - fan in
hand, and thin, akeletonio beings fairly grinning
with heat. These are forcible reminders of un
due caloric; these the commercial giants and
phantoms who have existed in the fierce furnace
which the city has been for the past week, despite
. rains and drizzles. As a natural consequence, busi
ness has languished somewhat, save that depart
ment which comprehends the Bale of cooling decoc-
Bona. Nearly all the places of amusement being
closed, the city wears a dull, deserted aspect of
nights, rendered doubly so by the fact that public
confidence is not yet entirely restored, and but com
paratively few of our citizens care to prolong their
nocturnal perambulations, in view of the vast num
ber of thieves and cut-throats who still infest those
localities strongly, where "the innocent people"
most do congregate. These villains will probably
remain as long as Governor Seymour's "friends';
continue to threaten resistance to the draft, and
until their final exodus,' the perambulator of our
streets who indulges his propensities after dark will
run more or less risk of life, limb, and pooket-book.
It is useless to blame the police for this insecu
rity, not only from the fact that the foice is not,
large enough for a thorough surveillance of all
its dangerous localities,- but that, possessing un
scrupulous friends upon the judicial-bench, arrests
merely result in farces, and they are invariably dis
charged at the Instigation of political friends and co
adjutors. It seems, indeed, next to impossible to se
cure the commitment of these ruffians, and the po
lice are already loud in their complaints against the
wholesale policy which turns these rascals out upon
the community to murder and plunder at will. Num
berlese instances are already upon record where the
testimony of men of the most unimpeachable cha
racter has been ignored, and ruffians and despera
does either discharged at once by pliant judges, or
given into charge of an officer—merely a euphemism
for a discharge. This has especially been the case
with apprehended rioters, until it has at length be
come patent to all that in the event of another
massacre by the rabble, lynch law alone can- secure
the punishment of the assassins. Should this state
of things continue much longer, vigilance com
mittees will become a public necessity; for,
as matters now stand, there is no reliable
guarantee of life or property within the
corporate limits. Not a day passes without
some Icene of violence, some- assault upon
blacks or whites, or some reception of threat
ening letters proscriptive of political opinion.
Since the disclosure of Gov. Seymour's apparent
intentions to resist the draft, and aid the rabble by
force of arms, as much dread and uncertainty reign
as though the city were besieged by a hostile force.
The citizens continue to arm themselves in antici
pation of other murderous onslaughts by "the free
Democrncy. ,, and drilling still continues. Almost
daily fresh developments occur, which point either
to the magnitude of the danger which we have es
caped, or of a danger through which we are yet to
pats. At the time when the riots were at their
height, it was currently reported by the Copperhead
press, that the command of the State troops then
employed in combatting the insurrectionists was to
be conferred on Fitz John Traitor. Recent political
disclosures tend to confirm this rumor as a portion
of the scheme to which certain high dignitaries of
the State had lent themselves; and with the real ob_
jest of pandering to, rather than subduing, the
mobs. With such a man controlling the militia,
the result could not rest in speculation for
any length of time. It seems probable, how
ever, that the Governor was not yet prepared to
thrust such gratuitous insult upon a people who
were already being robbed and butchered by his
"friends," and the scheme perished in its inception.
Judging from certain indications, itoreems very pro
bable that Fitz John Traitor will yet secure a pro
minent command in the National Guard, as a con
solatory recompense for having been dismissed in
disgrace from the army upon which he shed so much
lustre—of a peculiar character.
Since the recent unfortunate lapses lingua:, by
,which General Wool appropriated to himself all the
merit of crushing the New York rabble, a growing
desire for the substitution of General Butler in his
stead has become evident, even among some of his
political - opponents. Some man of iron nerve will
certainly be needed in case of another outbreak of
the Copperhead Peace Party, and the holy horror
evinced by the disloyal press at the mere mention
Of such a possibility weighs decidedly in his favor
among the loyal.
The .outcry against the slaughter of " women and
children," which was raised by the aforesaid party
is becoming more thoroughly understood as the in.
cidents of the riots come before the public. The
innocent women were prominent in the butchery of
wounded men. One who has once visited their
haunts would be intensely amused at this outcry,
even were these horrible facts unknown to him.
Shoeless and stockingless, filthy and profane, with
all the instincts of brutality written upon their
faces ; at, all hours of the day and night they may
be seen congregated in the purlieus of the city, and
at the doors of groggeries, engaged in animated dis
cussion of the conscription, and boasting of the
parts which-they enacted in the recent scenes of
blood and horror. These lepers of society were fore
most in pillage, instigating the howling mobs to
frenzy, and hounding to death the colored of their
own sex. In many instances they were armed, and
even led attacks upon the police and soldiery. Of
the innocent children, whose parents had taught
the young idea how to shoot negroes, enough is al
ready known. In nearly every instance they led
the way to the negro quarters, and even - engaged in
murder and robbery when unassisted by adults.
A gentleman related in my presence that he saw
from his window a boy, apparently not above seven
or eight years of age, who placed a pistol at the
head of a man and demanded and received his
valuables. Several innocent children have also
been apprehended by the police, charged as princi
pals with murder ; and in the majority of cases they
were the first to assault and burn buildings. That
this vast aggregation of innocence should have
suffered at the hands of the police and troops is cer
tainly not to be lamented, except as losing votes to
Seymour, Wood k Co., and New York will be
securer when, as a last, desperate resort, the citizens
will take the law into their own hands, and visit
upon man, woman, and child thejustice due their in
human crimes. These boys, these women—the imps
and furies of the disloyal element—should be allowed
no immunities whatever on the score of age or sex.
Throughout every reign of mob violence they have
been prominent and conspicuous actors,lusing the
knife and torch -when even the brutal desperadoes
would have felt a twinge of conscience. Pitiless
and thoroughly brutalized by nature and associa
tion, they, trusting to the fancied privileges general
ly allowed, have dared what men would shrink
from; and commended the bitterest of all bitter cups
to the agonized lips of their victims. Mercy they
deserved not, and, thank Heaven, they obtained
none. The grape and bullets of the soldiers spared
not one in, the front ranks of the-mob, and the city
is grateful for the undlbcriminating volleys.
STU YVES ANT.
The Ferriss Gun at West Point.
Atrial of the "Ferriss Gun," to test the initial
velocity of its shot, took place at West Point on the
15th and 11th of July, in presence of Captain S. V.
Benet, of the , United States army, and one of the
beet ordnance officers in America.
On the that shot the instrument (the electrobelist
°pendulum) being in perfect order, gave a velocity
of twenty-two hundred feet per second, the highest
velocity ever attained by any cannon in the world.
Whitworth once claimed for one of his guns, built
for this special purpose, and using a spherical shot,
two' thousand feet per second, but some English
writers deny to him this high rate.
The highest velocity ever obtained in this coun
try before was by Captain Benet, at West Point,
using a spherical shot in a rifled Parrott gun, and
this was onethousand. eighthundred feet pet second.
The ordinary velocity of the best cannon in this
country, or in England, is from one thousand to one
thousand three hundred feet per second.
After the first shot on the 15th a slight derange
ment of the targets connected with the instruments,
which could not, from the nature of the experi
ments, be constantly under the eye of Captain
Benet, prevented a'record of the subsequent firing.
On the 17th the firing was renewed, and different
velocities obtained, to one thousand seven hundred
and upwards. The shot used were conical, and
weighed, one of the sizes 40 ounces, and the other
98 ounces. The weight of- the powder used was in
all cases 24 ounces. The chamber of the gun will
hold 27 ounces. The size of the bore is 1% inches.
The penetration of this guri, according to the di
ameter of the bore, is greater than any other cannon
ever built—penetrating three inches of solid iron
plates at fifty yards.
The' initial velocity of 2,200 feet per second is
greater than any gun yet known, whether large or
small. It only remains to ascertain how far it will
throw a ball in its greatest elevation. This is to be
tested during the coming week.
Fire Island beach has been recommended by some
gentlemen of the navy, as by Bache's Coast Survey
it is said to be the longest straight coast line in the
world, being over nine miles. Other points on the
eastern coast, near Poston, have been named as pre
senting great advantages; but the inventor of the
gun, who is now in the city; has not yet fixed upon
a proper location for these experiments. When it
is settled, probably the time and place will be made
known through our columns.
MORGAN IN THE' , PENITENTIA.RY.—A de
spatch from Columbus, Ohio, 30th ult., says:
" Morgan Wait incarcerated this afternoon in the
Ohio Penitentiary. Himself and men were delivered
over to Captain Merlon by - the military authorities,
and immediately put through the Caine motions as
other criminals, having their persons searched, hair
and beards shaved, bathed and clad in clean suits.
Morgan and Oluke submitted very quietly, but sonic
of the young thieves demurred bitterly, until told
they must submit. Morgan had his belt filled with
gold, greenbacks, and Confederate notes. One who
had bsfore broken his parole refused to strip, when
it was instantly done for him. (Nuke begged for his
moustache, but it was in vain—it was razored.
'they will be compelled to submit to prison disci
pline, he confined apart from the convicts, and
guarded day and night by the military. One or two
talked about retaliation, but the rule against speak
ing was instantly enforced. ,
"A'neve convict did the barbering for the
The Prize Steamer Planter.
Naw YORK, August 3.—The prize steamer Plan
ter, which was captured off gobile, ,ties arrived
hem, with 776 bales of cotton rind 126 barrels of tur
pentine aboard.
EUROPE .
The Arabia at Halifax.
HALIFAx • August 3 —The steamship Arabia, from
Liverpool on the 25th ult. and Queenstown on the
26th, arrived at Halifax to-day:
The City of Baltimore arrived at Liverpool on the
morning of the 24th.
The Galway line will commence operations on the
19th, when the Hibernia will sail for Boston.
The Adriatic will follow on the first of September
for New York.
It in reported that the ship B. F. Hoxie has been
captured by pirates. She was valued, with her cargo,
at ..£150.000 sterling.
The Army and Navy Gazette, in alluding to the late
news from America, says : " There is no ground for
speaking hopefully of the prospects of the Confede
rates, unless General Lee is able to reverse their
misfortunes by a great victory."
In the House of Commons, on the 23d, the sub
ject of the Foreign Enlistment act was introduced
by Mr. Cobden, who referred to the proceedings of
the steamers Alabama, Florida, and Virginia, all of
which were built in British ports for the Southern
Confederacy. He said it was well known that two
iron-clad ships were being built at Liverpool for the
same purpose, and he believed that if they were
allowed to leave England the result would be a de
claration of war on the part of the American Go
vernment. American shipping had become value
less In consequence of the seizures made by the
Confederate cruisers. -He implored the Government
to take the proper steps to prevent the departure of
these vessels. He had been informed that the Ame
rican Government took note of the value of every
vessel captured by the Southern privateers, and
debited it to her Majesty's Government.
Mr.'Laird, in response, taunted Mr. Cobden with
pursuieg a course which, while it would enable his
friends in the North to get all they wanted, would
pit a stop in England to a legitimate- branch of in
dustry. He accused the Americans of having built
ships of war for Russia during the Crimean war,
and with raising recruits in Ireland since the Out
break of the present conflict, - - --
Lord Palmerston defended the course which the
Government had taken, and said he could see no
distinction or principle between the selling of arms
to the Federals and the shipping of ships to the Con
federates.
Letters from lion. Gideon Welles?" Secretary of the
Navy, to Hon. Charles Sumner, are published in
the English journals.- They refer to Mr. Laird's
statement in Parliament, that his firm had been
approached in 1861 by the agents of the Federal Go
vernment relative to the building of war vessels for
the North. Mr. Laird asserts, neither directly nor
indirectly, that any application was made by his
(Mr. Welles') authority to the Messrs. Laird, or
any other foreign ship-builders, for the construction
of vessels for the American Government. Advances
had been made to him, however, on behalf of nume
rous English and other foreign ip-builders, but in
every instance the proposition to build, or procure
to be built, vessels for the Federalnavy abroad, was
declined. •
Mr. Laird asserts that he is prepared to maintain
the truth of his former statement, and offers to
piece the proof in Lord Palmeraton's hands.
In the House of (Ammons, Lord Palmerston made
some explanatione regarding the quentiona between
Henn:talk and the Germanic Confederation.
- . .
The Times' correspondent in the South says that
P is the design of the Confederate Government that
Great Britain shall henceforward have no - fresh
consuls in the Confederate States who derive their
authority from Washington.
It is asserted that another royal alliance has been
arranged between England and Prussia.
FRANCE.
The Paris papers continue to evince a strong war
feeling. The Siecle regards the reply of Russia as a
defiance.
Great irritation is also reported to exist at Vienna.
It is asserted that the French Govern meat has re.
solved on the terms of response to GortschakofFs de
spatch, and would forthwith communicate the same
to England and Austria.
The insurgent leader, Wyzotlrie, had been arrested
at Lemberg. There hadi been numerous other arrests
also.
The Posener Zietung advocates the establishment
of a state of siege in the seven frontier districts of
the Duchy of Posen.
At Warsaw, thejudges and civil assiatanqt had
been replaced by the military in their examinations,
and the knout was freely used to extort confessions
from prisoners.
The latest intelligence asserts that England,
France, and Austria are in active communication
and are perfectly harmonious.
The Paris Siecre has received its second warning
for recommending , a vote of the French people for
or against a war for Poland.
The Paris correspondent of the London Post says
that public opinion is prepared for war, and the
Czar and his advisers think a war is probable.
Lord Napier has given an account of his Inter
view with Gortschakoff; Napier represented to the
Prince that the tenor of his reply would probably be
considered unsatisfactory to England, and endeavor
ed to obtain some explanations which might modify
its character.
GertscLakoff Paid he could accede to nothing
which wr uld give the Western Powers any right
whatever to interfere in Russian affairs.
P, lish affairs were debated in both houses of
English Parliament on the 24th. and general dint:z
ilch scion was expressed at the reply of Russip.
Lord Malmembury blamed the Governmenffor not
purzuing.the policy of intervention which had been
acopted towards America.
The Times and Herald continue to write in an anti
war stra - s r and contend that the English and French
interests are not identical.
Pants, July 25.—The Pals confirms the news of a
forced loan of 300,000 roubles having been decreed
by the National Government of Poland. The same
paper announces' the arrest in Hungary of three
Russian emissaries, who were endeavoring to foment
a disturbance.
The Buesain Government has made considerable
purehas ea of provisions of all kinds ' and his already
prohibited the exportation of corn, flour, and cattle.
The Empress of France has gone to Vichy.
The Paris Bourse, on the 24th, opened firm, but
closed heavy and lower at t:6f. 80c.
The lower House of Austria urgently recommends
the Government to take into consideration the pe
tition of Ls'n i Wiz for his liberation.
- -
The Turin j”u rn ale state that GaribaldPe health
is almost completely Tutored.
LONDON MONEY MARKET.-Console, on the
24:13, opened firm and advanced
..1. 4 ", but closed fiat
and weak under the influence of the Polish ques
tion. The money nittritec to unchaqgc.d.
Coll3lalerCiai lutemg ence.
_ [53- the Qtramfr ] •
LIVERPOOL COTTON 111ARKET. —The saloc for the
'week amount to 12,000 bales, including 11,500 bal.s to
'peculators and 9.000 bales for export The market has
been IMoyant and prices advanced h' d9ld for American
qualities and ki©Al d for other descriptions. The skies
to-day (Friday) are estimated at 8000 bales, the mar
ket erslog - with an upward tendency. The following
are tie latest quotations:
Fair. Middling.
New Orleane
Mobile ' 2:13f,d. 224 d.
tpl and ' 23d. 2.134 d
The stock or cotton in port is estimated at 231,030 bales,
including 40,000 bales of American.
teI'ATE OF TRADE. —The Manchester markets are
buoyant, and prices have an advancing tendency.
LIVERPOOL BREA DST OFFS MARKET. —Bread:Anita
are firmer, and all qualities have advanced to a trifling
extent.
he various authorities report flour firm, and 6d
biarher. Sales at 2102.5 g.
Wheat alsoibas an upward tendency, and holders de
mand an advance for red Southern: white Western and
SouthernZare quoted at 10011 s. Mixed,Corn sells at 2.76
3d.
LIVERPOOL PROVISIONS MARKET.—Provisions
are seedy. with an - upward tendency. The Cirm.lars
report: Beef active Pork steady. Bacon brtoyant and
advanced ed(42s. Lard steady at 36.g554 61. Tallow
active- and advanced Gdgis; sales at 40s3d®13s. Batter
quiet, but steady.
American Securities are inactive, except railroad
stocks. which are active. Illinois Central Railroad 27
Per rent. discr.unt; Erie. Railroad 64%; New York Cen
tral 7C@77; U. S. fives 6.1
TEE LATEST VI& QUEENSTOWN.
. . .
LIVERPOOL, Saturday.—The sales of cotton to-day
amounted to 10.000 bales. The market is buoyant, and
prices have further advanced .1.0. The sales to moor.-
'eters, and for export, amounted to 3.000 bales. Bread
st bave an-upward tendency. (torn is steady.
Provisions are steady. Bacon still advancing. Tallow
active and advancing.
London.—Ponsols closed at 9‘..%@92Y., ;llllinois - Central
2.7&26 per cent discount; Erie Railroad 64g •
LIVERPOOL PRODUCE MARE:BT.—ashes quiet. hut
steady. Sugar steady. Coffee dull. Rice is activ-.
Linseed still advancing. Linseed Oil firm. Cod Oil
firm. Rosin steady. .pirits of Turpentine—no sales.
Petroleum dull and easier: Crude Trs
LONDON MARKSTS.—Breadstuffs are steady. &mar
firmer. Rutter. firmer.
LONDON MONEY MARKET.—Consols closed at 9234
N. The bullion in the Bank of England has decreased
5129,000 during the week.
The London Press on the late VietorleS.
[From the Daily ]Yews, July 20, )
The Fourth of July will henceforth be as memo
rable in the military annals of the American Union
as it already is in the political history of the peo
ple. It will bathe anniversary of a double victory
for the Union arms at the most critical centres of
military activity in the East and the West. On
the 4th of July Vicksburg surrendered to the Union
forces under Gen. Grant, and the mornimr , of the
same day saw the invading army of the oonfede
sates, under Gen. Lee, In full retreat toward the Po
tomac. It is certainly a singular and striking coin
cidence that on the same day, and that, too, a day
so memorable in American history; the great Con
federate stronghold of the Mississippi should have
fallen, and the great Confederate invasion of the
North have been abandoned as a failure.
- - .
The fall of Vicksburg is, however, a far more se
rious blow to the South than the failure of General
Lee. Southern writers and statesmen have front
the first justly considered the possession of this
stronghold and the command of the Mississippi,
which it secures, an essential not only to the success
but to the very existence of the Confederacy. Mr.
Jefferson Davis ' the bead of the Confederacy, is the
man best able to judge of its importance, and we
have on record his emphatic testimony on this head.
In thespeech he delivered on the 20th of last De
cernber to the Legislature of Mississippi, he pointed
out that the grand object of the North was "to
get possession of the river, ..and thus cut the
Confederacy in - two," and dwelt at great
length on the vital importance of defeating
the enemy's fatal designs in this direction. "He
considered the defence of the Mississippi Valley a
necessity not only to the people of the adjacent
States, but to the Confederacy itself. Vicksburg and
Port Hudeon are forts which must he defended at
all hazards, and every effort must he strained for
this purpose." These are Mr. Jefferson Davis'
words, and he is not given to exaggeration. He vir
tually staked the existence of the Confederacy on
the possession of Vicksburg and Port Hudson.
V clisburg has fal'en, and General Batalue,"a fortnight
ago, was within twenty yards of the citadel of Port
Hudson, while the navigation of the river to New
Orleans was perfectly free.
When President Lincoln solemnly called the
people of the North to render thanks to Heaven,
on the great anniversary of the nation's history, his
summons was neither irrelevant nor premature;
while all who understand and sympathize with the
higher interests and issues of humanity at stake in
this great conflict will be disposed to join with
General Meade in "returning thanks to God, that
in the goodness of His providence He has thought it
fit to give the victory to the cause of thejust."
[From the Lon don Star, July 10.) ,
- - • -
With deep, devout, and grateful joy we publish
to-day the news of victories that are the heralds of
a happy peace. Seldom, if ever, has it been the lot
of thejournalist to - announce on the samenheet two
events of such transcendent importance as the fall
of Vicksburg and the retreat of Lee, The glorious
Fourth of July has indeed received a glorious cele
bration.
In tens of thousands of Northern homes the birth
day of American - freedom was being kept with
mingled hope and fear—with blended memories of
joy and sadness, of pride and humiliation. Through
out New England and the populous Middle States,
and the vast Northwest—in cities that date hack
from' our own heroic seventeenth century, and in
cities that have sprung up within- the memory of
living men upon the site of world old forests or on
virgin prairies—around the Pilgrim'a Rock, and on
the gold sown strand of the Pacidc—cffizens of the
Great Republic spake with tremulous lips, as be
neath the shade of laurels twined with cypress, of
their fathers' legacy of freedom, and of the deadly
struggle in which their own brothers and sons were
wrestling for the preservation of that glorious heri
tage—the Union,
sacred alike to liberty and law.
They knew not that on that very day'the God of
their country and of their sires—the God of justice
and of rneroy—had vouchsafedto the Commonwealth
a great deliverance. Their broken railways and
telegraph lines delayed the happy-tidings that on
that same Fourth of July the flag of the Union had
been exalted over the obstinate stronghold of rebel
lious slavemasters, and the sun had risen upon the
greatest or their hosts in dire retreat. .
Wt , atever remains to be done or suffered—what.
ever battles to be fought or fortresses to'besiege—the
armies and people of the Union may at least rejoice,
with, unutterable gladness and thanksgiving ' that
the boastful progress of the enemy has been turned
beck, and the very chiefest of his defences broken
[From the London Times, July au
No portion of modern history has repeated itself
eo often or so completely as that of the American
war. The tide of battle returns at almost regular
intervals to the same pound, with results so similar
in the tale of slaughter, with so little visible &Feet
on the main issues, that even fresh events scarcely
redeem the-blood-stained chronicle from a mournful
hind of monotony. Two battles on the field of Bull
Run, two battles be'ore Fredericksburg, are the re
petitions of incidents in four disastrous attempts by
the Northern States to invade the South. On the
other band, the second advance of the Southern
al my into Maryland and Pennsylvania seem to have
brought with it nearly 'he same results as the first.
The three daps' berth g at Gettysburg ended like
those of Antietam. A hurried merely northward of
the Federal army to 1 roteot Washington, an obsti
nate conflict, closed by a drawn battle, and a delibe
rate retreat of the Confoderatett into Virginia, make
the second Southern incursion a close counterpart
of its predecessor. The similarity extends even to
the details of the two operations. The indecisive
battle of Antietam was not renewed, and Gen. Lee
withdrew the whole of his force in good order du
ring the night, while the Federal' could not pursue
it with any effect. Precisely the same incidents
have occurred again as the results of the battle of
Getty 'bum. The action terminated by the close of
the night onthe 311 of July was not renewed, and on
the morning of the 4th Gen. Meade found his oppo
nent had retired from his position. At first it was
not known whether the Confederates had really re
treated, or whether Gen. Lee was manoeuvring to
obtain a position for another engagement. But on
the 6th and-the following days, it appeared that the
Confederates were retiring in good order, with all
their artillery, towards the Potomac.
Whether the second Southern invasion in to be re
garded as a failure depends entirely on the - purpose
with which it was undeitaked. Wad it merely a
"raid " on an enormous scale, or an inroad for the
conquest of territory' With the experience the
Southerners gained , when they first tested the disposi
tion of Maryland, they could have had no sanguine
hope of popular support on their second appearance
in the State, though in greater numbers. But this
time they did not limit their incursion to the terri
tory in which there is undoubtedly a considerable
amount of latent "Southern opinion ;" they made
a wider sweep into the more Northern and more
'doubtful State of Pennsylvania. The peaceful asso-
Mations connected with this State appear to have
had a moral influence on the people, for the apathy
they exhibited in such extraordinary circumstances
astonished and.almost scandalized even New York,
That they would give no aid to the invaders was cer
tain, but they were also perfectly indifferent to the
Southern occupation. A spiritless people and a
fertile soil are exactly the elements of temptation
town enemy in a time of civil war. The temptation
is not lessened when that enemy is in great need of
things abundantly possessed by those it hates. As
a raid, therefore, the Southern army may have ef
fected a successful operation, though the Confede
racy is as far as ever from obtaining permanent
possession of an inch of Northern territory. The
Pennss Ivanians drove hard bargains with the small
force sent by New York to defend them. But if it
is difficult to argue with the master of many legions,
it is impossible to bargain closely with the legions
themselves. The Southern army was numerous
enough to regulate the market, and during their
stay there is little doubt that "prices ruled in favor
of the buyers." In fact, for a considerable time the.
Southerners have matte the war support itself, and
supplied their enormous army at the cost of one of
the most wealthy districts of the Nort%. Political
ly, the object of, the invasion remains obscure, and
appears even hopeless. But if the purpose was to
gain supplies, the motive of the operation is clear
enough. It was a calculation in wnich the material
advantage to be gained was balanced by a possible
loss in the process.
The real lesson that should be drawn from the po
litical failure of these repeated and mutual invasions
is that the issues sought are not to be gained by
war at all. From the first the conflict was one of
questions and principles which can only be settled
by statesmanship. National madness has given
them over for decision by the sword, and it is now
evident to the world that fighting brings that deal. - -
aion no nearer. Opinion has marked out a frontier
which armies moss in vain to compel submission.
Whichever side attacks seems destined always to
fail. The South, constantly victorious in Virginia,
is baffiee when it passes north of the Potomac.
Even the alternating successes of the war, in the
waste of life_ by which they are purchased, prove it
desperate; and the repeated failures on both sides,
for any purpose larger than a destructive incursion,
point as clearly as any human events can do to a
settlement of another kind. The war may be con
tinued to mutual exhaustion, but it will never mu
tually convince. Statesmen, if they can be found,
will have to take the whole question out of the
hands of soldiers at last, even if the 300,000 troops
called for by the Northern conscription are enrolled,
armed and slaughtered in another two years of mise
rable conflict,
The Cabinet of Washington are not equal to the
task. Every crisis of aelsira seems to elicit addi
tional proof that they are in every respect unfit to
deal with the events passing around them. The
gleam of success that has fallen on the Federal
arms in the surrender of Vicksburg and the inci
dents of the second Maryland campaign have ex
hibited the President and his chief ministers in
a manner almost pitiable. With their country
tom asunder, and its soil reeking with blood, they
only find a voice to make poor and flippant elec
tion speeches. When "serenaded." as a popular
congratulation on the fall of Vicksburg, the
President made an address to the crowd that " not
even the friendly reports could invest with dignity."
The Secretary of War "claimed the merit of retain
ing General Grant in command, and consequently of
the victory achieved." He turned the event to a
crimination of some of his dolteagues, and a glorify
ing of himself. Mr. Stanton made it a party: tri
umph over the advocates eif peace by a small sneer
at the "Copperheads," -And Mr. Seward crowned
the wretched display by something that we record,
but will not here repeat, for it was simply blasphe
mous. That men in such positions could BO express
themselves at such a time, is a deplorable illustra
tion of the degenerady of American rulers,
[From the London TIMFR, July 21.
Everybody asks bow long this weary war is to
last in America. Some ask because commerce is
thrown out of order ; some because they are really
pained to see such a waste of human life; some be
cause they side with one party or the other. We
are sorry, to say that we see no termination for the
present in view. Whatever hopes we foster in the
absence of events, or while victory is still in the
balance, they are sure to be dashed by the first de
cided news. So long as armies are contemplating
one another across a river or half a State, so long as
the expedition seems to hang fire and the siege to
stand still, we naturally hope that disgust and ennui
may sicken both sides of deliberate fratricide. We
forecast very naturally and pleasantly that, as re
union is impossible, and the only objeet of fighting is
to have the last blow, the winning side will be glad to
make a kind and generous use of that vantage: Over
and over again, it has been hoped that the losing
side might just retrieve its credit, in order to have
something. wherewith to enter on a conference.
Whether these hopes are founded on ajusrestimate
of human nature or not, it is too evident that they
were not founded on a just estimate of American else
ture. There must be other influences at work beyond
the hope of final success, which is impossible, or of an
amicable compromise, or of any other national result.'
Let us look to what hes ie.*. tereareeen: - On the 4th, so
et to redo, - y ickshurg surrendered, its desperate condi
tion having probably been known some, days before.
On the same day Lee was found to have commenced
his retreat from Gettysburg back into Virginia. On
the same day the Confederate Vice President, with a
commissioner, came down the James river with a
flag of truce, bearing letters from President Davis to
President Lincoln, and wishing to be allowed to
proceed to Washington and deliver them id person.
That request, after some hesitation, was refused,
and that in a way which implied that the Federal
Government would not communicate with the Con
federate, unless the subject of the'communication
was known before the envoys were even admitted
within the Federal linea. Now, it is not too much
to say that at the time the Federal Government re
turned this answer -to a request which could only
be of a pacific tendency, they had just been relieved
of their fears with regard to the two most critical
points of the war, even though they might not
know the whole. . They were just in that mood of
reinstated confidence and credit which English
observers are very apt to think the most favorable
for peace. -
Such an incident - casts an ominous shadow on the
prospects of this war. Whether the Federate are
ever beaten-into peace or not, it is evident they will
never be softened into kindness by success. The
least advantage, howe'vern dearly purchased, and be
it ever so trifling in the great balance of war, brings
them to the balcony, and sends them to "the God of
battles" and "the eternal justice of their cause."
When this is all that victory, all that religion
teaches them, we reasonably ask, when will they
ever condescend to be reasonable and wise'? The
awful sanctions and sacred examples which they
abuse mis ht tell them another lesson. There is in the
very manner of this obstinacy so much mere exulta-.
bon that we must conclude the spirit of the Federal
cause to be the chief obstacle to peace. Tee loss of a,'
federation from pole to pole, destined probably to
exalt the line of Presidents above Pharoahs. above
Cresars : above Popes, is a disappointment which can.
not be borne. Though it be proven a rope of sand, the
sands are sacred, and must be clutched as drowning
men clutch the rolling shingle and the floating straw.
Better be blinded and scorched by the glorious vision
than not to see it at all, or to be faithless to its call.
That is the - hideous disappointment which rankles
deep in the American mind, and drives it to the
gambler's stake—eiterything or nothing. Aul (Arran
auf reihil, is the real secret of the American obstina
cy ; and, since it mush be so—since America will
play that same, and we cannot but feel we are our
selves included in the stake, and are humble count
ers on the board, we have no alternative but to ac
quiesce in this great and unexpected confusion of
American tongues.
THE EMPEROR NAPOLEON AT VICE .—The Pws
correspondent of the London Morning Star writes as
follows :
"The'Emperor lives more quietly at Vichy than
he hae hitherto done. When there, every morning
at seven he walks unattended to the thermal esta
blishment, where be takes his daily bath. Early as
he does so, the streets are filled with strangers, who
desire to become familiar with the gait and physiog
nomy of the 'great man.' I received, a few days
since, a letter from a compatriot, now staying there,
who says that were his Majesty a weak•nerved man
he would be frightened from Vichy by the ghastly
and crippled aspect of those who follow him about.
There are now six thousand visitors at this water
ing,place, nearly all of whom are suffering from
liver complaint ik its most advanced stage.
"The number of orange•complexioned and blue
lipped men and - women must therefore be very great,
and when they present themselves en masse form a
hideous spectacle. The Emperor, when passing
through this army of invalids, generally raises his
hat very slightly with his left hand, in which he is
imitated by some French and a great many English
men. now staying at Vichy. > Count Clermont's
chalets will be only occupied this year by his Ica:.
genial Majesty, as a palace will shortly be erected
in the miest of a park lately purchased by the'Em
peror, part of which belonged to the Ville Strauss.
The thermal establishment will also, by hie orders,
be enlarged and beautified, and new promenades
created."
PHILADELPHIAN DRO WNED.—On the 29th
July, Henry Keesey, of Company F, 4th New York
Heavy Artillery, went to bathe in the Potomac, just
below the Chain Bridge, and was caught in the
'whirlpool." Though an expert swimmer, he was
drowned, although attempts were made to rescue
him. He was a resident of Philadelphia, Pa., where
his father and mother reside, and was twenty years
of age. His remains were taken to Fort Ethan
Allen, Va., and buried in the graceyardjust west of
the fort.—Washinglon Slur.
BARGE POSITIVE SALE' - OF BOOTS, SHOES,
LEATHER, &C., &C.—The early particular attention
of dealers is requested to the prime assortment of
1,300 packages boots, shoes, brogans, leather, coun
ters, etc., etc., to be peremptmily sold, by catalogue,
OD four months' credit, commencing this morning,
at 10 o'clock, by John B. Myers & 00., auctioneers,
No. 032 and 234 Market street, the assortment being
complete, with many first-class goods.' To be sold
without reserve. Buyers will find it to their in
terest, to be present.
TIIE CITY.
Bon ADDITION/J, CITY TIBWB 888 I'OVAT)I
3F TILE ARMY Hosri
the weekly report of the
ty and vicinity, ending on
reports from the different
at the close of each week
1 director, by whom they
eon General :
WEEKLY REPORT
TAts.—The following is
army hospitals in this cit:
Saturday, August Ist. The
institutions are handed in
to Dr. Ebra Swift, medical
are transferred to the Surg
HOSPIT k S
Vine.*ttea. t
Che.-tsr. ............
. . .. . .
House
Cht stunt Bill
Gsnuantown......
West Philadelphia
Turner's lane— • • •
Christian street.
South street
lsliugton lane .....
Filbert street. .....
Catuac'e W00d5....
Bread street
Broad anti Prime. •
1 FLAG PiI.ESENTATION.—Last evening, a
handsome American flag was presented to Company
D, tat. Regiment Grliy Reserves, at their armory,
Eighteenth and Chestnut streets. Thogia was the
generous offering of the lady friends of the company,
who were present in large numbers. The evening
was oppressively warm, but the room was crowded
notwithstanding. Judge Allison represented the
donors, and delivered a neat and complimentary
sr eech, in which he adverted to the 'services the
Grays had rendered, and bow 'well they had de
served the encomiums heaped upon them. The flag
was received on behalf of the company, by-Private
Goebel. After this a pair of:pistols were presented
to Captain J. Ross Clark, by Mr. N 10131411, in a
brief speech, to which Capt. O. replied. .Tlle acre-.
monks were pt a pleasing character. ,
THE MONEY MARKET.
PimArixr.ruiA, August 3, 1863.
The extreme heat of the weather caused some in
disposition to operate to-day, especially as but little
occurred to create excitement. Gold was somewhat,
in demand at 1213;, and money extremelyeasy at 4@5
per cent. Government securities close very steady,
the demand being more than equal to the supply.
Subscriptions to the five-twenty loan are figuring
up very handsomely, considering the number of
people who are seeking summer recreations. To
day at 4 P. M. conversions amounted to nearly a
million dollars, with the Western mail yet un.
opened. _
islln New York the Speculation in stocks, for the
last few days, has been almost without a parallel in
the history of Wall street, while our own market
has seldom exhibited so listless and dull a phase as
durihg the same time. The reason is that as soon
as there is a very easy money market in New York
operators go immediately into the stock market to
employ funds which would otherwise lie idle, while
in Philadelphia they are somewhat longer in ar
riving at the same conclusion. To-day's sales, how
ever, would seem to indicate a more lively time at
our board, and if there is anything conducive to
speculation in plenty of money, as there most cer
tainly is, we may look for exciting times there. In
New York prices have run up extravagantly, while
here there has been but little movement in many
stocks. We should not wonder some of these days
to see New York capital thrown into our market
for investment, as a comparison of the state of the
market of the two cities would seem to invite
special attention to ours.
The chief attention was bestowed upon Reading
shares, which opened at 58 rose to 69, fell off to 53%,
and closed strong at 59, over six thousand shares
changing hands. Pennsylvania was steady at Gil
Minebill at 62%; Camden and Atlantic preferred at
17. Little Schuylkill rose to 47%; Philadelphia and
Erie to 24; North Pennsylvania to 17. 36 was hid
for Elmira ; 28% for Long Island ; 22% for Catawis
sa preferred. Passenger railways continue dull, and
unchanged. New city sixes were in demand at 107;
the old at 100%. State fives sold well at 101. Read
ing sixes, 1871, were steady; the convertibles selling
at 116. Camden and Amboy mortgages sold at 108,
a considerable advance ; 81 was bid for Schuylkill
Navigation 1882 s ; 104 for. Phildelphia and Erie
sixes; 105 for Pennsylvania Railroad seconds.
Canal stocks were more active, Susquehanna sel
ling• at 13%. Delaware Division was in demand at
; Schuylkill Navigation sold at 12%, the preferred
at 243; ; Morris Canal preferred brought 133 ; Wyo
ming 2434 ; Hazleton Coal sold at 60 ; Donfmersia/
Bank at 62 ; City Bank at 50. The market closed
firm, $25,000 in bonds and about 10,000 shares chang
ing hande.
0
,:.-loc-,,,30=4;4716-'42V,-7,21 I
i§EfEE;7§TgEagqg-= -I
M 51 " 3
50. g ,5 ..e.,,,,-,5...9.' ' E
gr 4 .T.,T, 2.' :rillaT-. 5 *.1 1 1e b
a • a.
a- 0 a R...•. = 4. * -•=-w
0. .
?, Yr - .5,' •F 11 1
•
g :tt • • ... . ,
.. .
... . .0 . U
. . - .. .
: . . . : . CI
'
••
.: -• ?..:4 1 I P
.-. I ' 1-• _ 13.
glngegggaMeg§g§§§g I 11 " go
kilgaggWa - §gggg§ I tq m
'...m
I t .
0
i.... QQ49. - - altOim - , 1 . 4. - 0571) , ,m0,72n.42
. '.S ... . 3 ZZe2. ' &742t. , Z) . 2884Z.1:1 . 4 -•• 7, m
t... 1 '
Yco 4 '2 q
' Eri 1 E3B - egr S r.E 4 S. I .ISrAINVEEZ I l. '' il t
1ni , ...@7 ,- 0..4...:-.7...:a. - 2. .--.. - .., - -,7 2 0:r--a. 50 St. 0 ...
g BS.--?OgT4TBllm.E.l.igg=lt - 2 I ttgl
~., I , ',,_.t I ; 1 5 'F, X
ri ... Ig
ti ..- -1 e.....W5rVe , 1.6t."1 - ..6-21g1 - 1:5 .: .2 • P' - ' --
P .PPL' - ' - '''''' . !.e...-...?.....P.P.:'` H t -, ' 4 4
1
...,.... ...... , m . 1 .... p... ,
P 0
F -79- 'e A -- ' ---.- § - g - §
Oa 0C,4, ....01:42030—.3 S. 0.4 O' .... R . ,
~, i b, ,_.
P r. 1 ' e l ' I it7 . ` 92" . A'l
N-rmcammm...,..., .1.1. m mm,,, , mtmi
-4 1 .5g„p.m,0.y.,0m.0t0.,,m : .1w 7 4p / wft wIN
1. 2 - §§m7...0 $. ;,.
m """':" .2 '' - '"8 StitB 5
.., .....,.0...,-...0,..- O.
.1 . ~... .-, . Xt 1 X 1 .7 ,al
c. ~ .- F -. . :-.24-.........--cr."=o• Pv-..?” , ...:0 Z.
.., In ,e..,t0 ..1.p.;54...:-. ;.., mEt
18§EalE-Illt§T.t&S§gS:ti§ -
~.... 1 .......,...- .7 ,.1" I „Y, .
'-' 'le' --.?..,°dEETzl.r , i..ft ,- 7 , 6t, g
E Ft,17345g, , ,p,. , m , 5,..-mp......= 5 0 . ~. P
% . 13;e: . §'W - .§ I g
....
. ........... . .....:: %
o
N 1
._, .ft I . w
.. .. ....b. -v.,........,.
..,,-.....,, i8 ,,-,b o --6 I ‘ , ll
@ 88t1-BZiatft'-.31
I
Ang - ast 1
The following statement shows the condition of
the Banks of Philadelphia at various times during
1862 and 1863: '
January 6. •
August 4
September 1...
October 6
November 3....
December L...'
January 6.16181
February 2....
March 2....
August 3
Drexel & Co. quote Government securities, &0.,
as follows
Gutted States 8end5.1861.......—....---.........1.06 011161 i
Certificates of Indebtedness. new 9934 ca 9931
Certificates of Indebtedness. old ••• • 101 grlinx
United States'! 3-10 Notes. • • •• ........ ..—.....13614e107
Quartermasters' V0ucher5......... Xciit l&
Orders for Certificates of Indebtedness Ufa 3;d.
G01d.......... ........127Mfa1273£
Sterling Exchange
_us ‘..- ......... 110 4141
Messrs. 9d. Schultz & Co., itio. 16 South Third
street, quote foreign exchange for the steamer /dries.,
from Boston, as follows :
London, 60 days' sight 140%0141
Do. 3 days 141 (0141 kg
Faris. 60 days' sight golvagrov,i
Do. 3 days 4f alfos
Antwerp, 60 days' sight silo (44f073(
Bremen. 60 days' sight 101 0101*
Hamburg. 60 days' sight 463{0.47
Cologne. 60 days' sight 92 (4 ..
Leipsic, 60 days' sight • 92 a• . -
Berlin, 60 days' sight 92 (a
Amsterdam.
60 days' sight. 513 A 521 i,
Frankfort, 60 days' sight. 62 90 3230
Market inactive.
Philada. Stock Exch;
(Reported by S. B. S:
BEFORE
200 Sch Nay pref .. . 243 f
100 Ileadinx 11. E 9 57,4
100 do 57.%
100 do.. ..... ....cash 0730
300 do s3O 07X
100 do 57X.
100 do 830 57) 5 f,
100 do qra) 5734
100 do cs o h 0735
200 do bsStint OS
FLEET
50 Reading R 58
50 do. ....... ...•. 58 1-1 ,
100 do .BOwn 58 1-16
50 do 810. flat 5S 1-lf
100 do - 551.16
400 do 58 1 16
SOdo. .....
200 do.
1(0 do
Ivo do
50 do
000 do'
2 00 do
850 do
200 Snoq Canal.
800 do.
100 do•
AFTER
100 N Penns R
100 do
100 do _.
200 do cash 17
200 Soh Nav pref, .. . . . . 24
300 do b3O 2434
ICO Reading R b3O ,
200. d0.....55 BETWEEN 53.34
BN
100 - Beading R 5331
100 do 1115 59
SECOND
6 Commercial Banic. 02
60 Delaware Div..... 44
20 Hazleton CoaL 60
2000 Cam & dm mort. 103
100 heading R....• • .1,20
30 do 0632
260 do.. c€Own 0 335,
5 do 53V.
24 do sown OgY
200 City 6e. 10041
The New York Evening Post of to-day says :
Our remarks a few days ago, as to the probability
of an increased demand for our securities in Lon
don, receive confirmation from the news by the
America. While the Confederate loan had fallen
considerably, United States fives improved 7.; Erie
shares of both descriptions, and all the five mort
p ages, an average of 9 each ; Illinois Central sevens,
2; Illinois Central shares, (ordinary and paid up) 4
and 2 ; Michigan Central, (convertible and sinking
und,) 2 and 23e; Michigan Southern and Northern
Indiana; (sinking fund,) 5; New York Central 6'and
7 per cent. bonds and shares, an average of 3 each ;
Pennsylvania Railroad, (first mortgage,) 5.
The stock exchange is buoyant this morning, as
the speculative feeling developed last week gathers
strength. One cause of this is the plethora of capi
tal seeking investment, which renders loans easy of
access. A second cause is the increasing readiness
of the lending institutions to accept as collaterale
stocks which, since the middle of May, they have
rejected. Thirdly, the prevailing speculation is in
past due to the fact that considerable sums of money
have been gained in Wall street. It is, however,
forgotten that sums equally great have been lost;
and a multitude of business men are attracted into
perils and numerous losses by the seductive exam.
plea of a temporary and fleeting success.
Governments are strong and more active. Sixes
of 1867 are wanted at 104; coupons of 1831, clean, at
107; Fives of 1865 at 105, and coupons of 1874; Mean,
at 100 X. Certificates are improving—the new issue.
are worth 993, and the old tolyi.
Border State bonds are firm. Missourla have ad
vanced to 71%;(41713‘, in consequence of the financial
condition and improved prospects of that State:
Ohio and Mississippi Railroad certificates. have
attracted considerable attention, $44,000 having been
sold at 36@36%'.
Railroad shares are strong, but irregular. Read
ing, Harlem Erie, New York Central, Illinois Cen
tral. Galena , ,
and Fort Wayne have advanced from
1" to 3 per cent.
g -z
Before the brat session gold was selling at 12774/
32134'. New York Central at 130X@13094 1 , Erie t 05%.
@IOSX, Harlem 126%@127%, Reading - at 116X011;
Michigan Southern at 893.1; Rock Island at lOWA ,
106.
11/9)
5)0
3 00'
685'
.9.133
als
The appended table exhibits the chief movements
of the market compared with the latest prices of
Saturday evening:
• Ilion. Sat. Adv. D.
U. E. 6e,1881, reg ..........105 104 3ii
Cr. 6,ths, M., c0u—.....1is 108 - --•
G. S. seven-thirties.:. 106% 106% • • 4
tr..2,_ 1 year Certif col-101 1013£ • ~ X
IL S. l yr.. Cert. curr'ner POO '
k NI ••- .k•
Smoa:ln g01d......„—..127% 128.5 ..
'ltcanessee tie 66 66%_,• 3i
BfLissonri Oa ••
•••••—•-•••• 71% 71 N
Pacific Mail.— .... ——2,95 t - ii
N.Y. Centre , . x. 11.—...130 3 .4 . MN 1%
Rrie.x.d • •—••—• 101( 104% 1%
Aria preferred, X_ s 4-- IN% RS.. r; Hudson Eiver...—.........152 150 2
Harlem.--,-........129% 126% 3 ..
Harlem pretax's.. I —.,—..M 119 1 ..
Reading.... 111 X - 11.4% 3 ..
Nich: Neutral. ----Unit, 113 34 ..
Mich. iSout&m..—.—... 69.;A: En •-• 3( • •
Mick: So; knar.......• • .11-1% 113% 1 ..
1111r.olo Con scrip .end .116% ' 114 k 1%
Clevelskad&Pithblizz.•• 964 96% ii
Ga.t•nca... • ...100X 9934 IM -.
V.eveland& toted°• •,..115 1141 i 34 ...
(thicago & Rock Island. 1(6 106 •.
Tort Wayne - —. IS 77 1
ICanton ,
Prairie du Chien — '
• 141tou and Terre Haute
FINANCIAL AND COMMERCIALS
Clearinws. Balances.
• ..$3.644,502 78 $111,726 16
... 2.753,813 22 303,161 17
... 2,713,541 06 291.T12 93
... 2,562.464 07 603.661 12
... 2,582.018 12 378,194 14
... 3,099,545 51 398,818 09
616,745.881 76 62,425.576 66
. 31,646,33'
:..33,617,900
18,890.35'
34,826,16
,5,614,33-•
6 774,T?
37 679.67-
, ,2438.,914
37, 0 01.09"
38,9)3,871
.7,308,0 00
39,458,934
88,91%612
37 616 3`i l l
:58.25.9 - 40'2
36,295,6441
36,491.0.513
136.587,294.
'6.693,171
36,837.301
37.116,093
47,14: , ,,931
17,157,763
37.157.765
7,219 216
37,2500,665
15,03 ~811
34,866,042
34,664066
'34,517;347
31,390,179
33,74
1,435,7
4.58,0 9 c
4465,93 0
1,510,70 ,
1,562,5 Er
4,267,621.1
4,24.00. I
1,247.517
,247,656
4,311,704
.519..052
.I'4,- 8,219
4343.988
4.:3t414§§,377
4.355.524
[4 359,365
43,07,119
4,.357,159
431 021
4,'357,076
,457.076 '
'4358.744
4 359,043
1 3'0.7 5
4.360,32
4,3i1.999
4121%448,
,187.0561.
IZEI
anger Sales, August 3-
r a. PhiladelphiaPschanse.l
BOARDS.
100
1000 Reading R.2ds&lnt 5731,
do 513
200 do. cash 53
100 d0......•....1330 5354
100 d 0..... s 5 waStint 58
200 d 0,.... ... .. . .b3O 59_.3(
100 do b3O 58V.
50 do slOwa 570
100 do slOwn 5S
50 do 53
• OARD.
3090 City 6s, new 107
It 00 do ...... 101
500 do .. . .....new.lo7
50 Deana R 64
3 Min ebill 11 ..... .... 6134
4 do RBI
500 Fifth &61h at 75.. 55.117
28 City Bank 50
5000 Reading 6s, 'B6. • .116
moo Penner ss. 4601
400 do 101
150 Del Dim .. ..... .130 44
40 do 15 44
5G Sell Nam prof - Si
25 Sch Nov. 12.7fi
100 Cam & Ulan pref. 17
..sstvn 5S
FRO flat 58
F6Own 58
tetwn
543 4 ,
13',
15%
17
Sr BOARD.
100 Reading II
100 - do
100 do
100 do - 50 di
100 do.
100 do.
100 do..
(100 do..
BOARDS
100 Reading R ba)
3 Morris Can pref.... 133
BOARD.
NO City 6s ...1003‘
N Penna R 17
100 Wyoming Can 244"
200 Susq Can b 30113
60 Phila & Erie Ft-... 24
100 Rchny Nay pref. 24%
00 Penna R 61
20 Little Schny R.... 473(
5000 Reading 6s, '71..• • .100
36% •
68 68
ea 623 i
1,596,014
. 65 8,299
4,497,556
-,,419,340
0,936,714
1 1,635,225
9,439.1.89
' , .x31,7xs
v),178,518
10,679,256
"11 54.9 687
3 0,106,135
19.171,283
29.541,559
30,117.517
• 1,556,644
31.021,799
30.659,631
3 0,949.731
31.612.306
32,455,163
- 31.864.753
31,549,M
31.5 9339
31.299.830
31,466.54
- 33,594,554
29,701,818
29.931.618
30,418,430
30.799,448
8-0 ,6
b"l5 9
.b3l 59
Lays 59Sf
.1130 58X
....V34
b3Own 59
s 5 58X