- IN Oatlp post.l v '4.6 OFFICIAL PAPER OF THE CITY. P fTTSBURG LI : THURSDAY MORNING Par Afternoon and Midnight Tele graph and Local News See First and Third Pages. 41.1- Post aloe stamps, of any om Rtnn Over THOME Crf r 5 401, not be received for suhgerle• Lions to the P' , Bl The Postmaster here derlin.ne to exchsnge tYI% larger d.nomittatiorts for smaller ones, they become useless to us. UaDEMOCRATVI CITY EXECUTIVE COM. MITTEE—A meeting of the City EXeCU• five Committee grill he held on next Thursday afternoon, DepPml.er 12th, at 3 o'clock, p. m., at the office of the foa l PaI:WE/hi st , emianoe of ail the members is rE quested. By order of the ' , re , ident. JAB. M. RICH A RI'S, Secretary. The following gentlemen compose the C - ro mittse. Foot Ward—John Roth. Capt. John Rod gers . Second Ward—Jas. Irvin, A. P. Anshui z. 'I hird Ward—Wm. J. Merr'sen. Pet r fear Fom lb Ward—J M. Richarcia. Loup , bl.•aenkamp. Fifth Ward—Dr. J. L. Ihinean, C. o'Honner. Siz•h Ward—Samuel Harper, Jno 6 liennoii y. Seventh Ward—Tbos Barman, John Horn. Eighth Ward—Wm. Griffin, Reuben Leonard. Ninth Ward—Hugh Kane, Samuel Cameron. INDICATIONS OF DANGER. Late advices from Washington lead to the conclusion that there is very great danger impending over the Union, if the extreme men in Congress succeed in their radical desigLs all hopes of a reconstruction of the Confederacy will have gone, perhaps for ever. In the Republican caucus held in .Washington on Monday evening, we learn from the special report of the New York Tribune, that the struggle between the leaders was, not to suggest temperate means for the consideration of their followers, but to see who could go the farthest in his suggesting extreme and impracticable measures, and Thad deus Stevens, of our own State, seems to have been the successful competitor. Speaking of the debate, the Tribuhe's correspondent remarks: "[had. Stevens followed in his lest vein, maintaining the policy of the resolution, and in the course of his remarks declared that al though he had long been estranged po litically from Secretary Cameron, li e must acknowledge that he was the only member of this administration who had evinced any correct notions of the true method of prosecuting the war, and bringing it to a speedy and successful close. He startled the caucus by declar. ing that after Mr. Cameron's report had been accepted by the President, (;en. McClellan went to him and threatened to resign if it was sent into Congress with the passage respecting the emanci pation and at ming of tb, slaves of rebels unmodified." From this extract it will be seen that Stevens and his coadjutors are against the President's policy and favorable to that of Cameron, which the President suppressed. Now Stevens knows that the proposition of Cameron to arm the slaves was but the trick of a politician, because a man honestly entertaining suet' extreme opinions never would have re called them to retain a seat in the Cabi net, in which he was never welcome. But General Cameron in this, as in all his political professions, was governed by the shrewdest selfishness and policy. Having succeeded in displacing Fremont be is now anxious to supplant him in the affections of the abolitionists of the country, and have himself recognized as the man in advance of the times, the great question of the day." If the statement of Stevens about Gen. McClellan be true, it will raise that gallant young officer in the estimation of the country. No matter what the objects of small partizans and reckless political harlequins may be in this trying period of the notion's existence, he can not afford to blast his reputation and that of his brothers in arms by acknow• ledging themselves unable to cope with rebellion, unless strengthened by the awkward force of confiscated slaves. For the gallant soldier, who has a future be. fore him—not a mousing and damaged politician—there is no glory to he ac quired in this war in the manner pro posed. Let Cameron suggest some other use to which to apply the services o captured bondmen, but let it not be said in our day, nor "Eli up chronicieß in time to come," that twenty-two millions o freemen, after all our boasting of supe nor prowess, were unable to maintain their government against half that r, urn ber of traitors without the frail aid o untutored slaves. IL is sad to contera plate that those who but a few months ago were loudest in their protestations of our ability to orush the rebellion in sixty days ard with a few thousand we are the first to damage our cause by proclaiming our weakness, and, like "imperial Creiar," after daring his com rade to plunge in with him and swim the Tiber, long before he reached the point proposed, abandoned the comes and cried aloud, in terror, Cassius, or I sink!" Those who were so valiant a few months ago should no now be the first cravens to discaurage our army of brave men by their croak ing. If they are really alarmed I,t. them acknowledge their inability to cotnpre- bend and manage their several duties and hand over their portfolios to patriots who can Exchanga of Prisoners The House of Representatives hae but followed the lead of public opinion, says the Sun's Washington correspondsnt in adopting a resolution in favor of a system for the exchange of prisoners taken in the existing war. Strong representations have been made to members of the ex ecutive government, by citizens of New York, in favor of this measure. I t may tend to prevent the war from degener stmg into one of mutual extermination. When retaliation, by the execution of prisonereohall begin, it will be impos- sible to arrest it. No prisoners will be liken in this or any *rar unless they can be exchanged. That this course will be a recognition of the confederate states as a belligerent power has been the ob jection to its adoption. Such would not be the effect. It would be giving them no rights which are denied to them as rebels. In the diplomatic correspondence which has just been published, extend ing from April last to the end of Novem ber, this government is extremely care ful not to admit that the confederate States ue entitled to he considered and treated as belligerents by foreign pow ers. Mr. Seward even goes so far as to declin4officially any notice from the Britis*l.nd French governments that they regard the Confederates as bellig erents. This position, as taken by those powers, is regarded by this government as unfriendly to it. DEC. 12 The Louisville Journal, which at the commencement of the rebellion was much in love with the doctrine of State neutrality, an absurdity which Mr. Holt and other genuine Union men exploded, is now deranged over President Lin coin's message. As soon as Kentucky took her place unmistakably upon the side of the Union, the Journal became the gallant champion of our cause, and fought it with a spirit and an earnestness which attracted universal attention.— But now it objects to a paragraph in the President's message, one of the most sensible and moderate in that produc tion, and is as fierce in its denunciation of it, as it was a few weeks since in con demnation of the rebels. We suspect coat the present editor of the Louisville Journal is not Mr. Prentice himself, but a bad imitator of his style without pos sessing his judgment. Its editorials, of late, are lull of "sound and fury." if it wields the Influence in Kentucky which is claimed for it by its frienos it will soon undo all the good to the Union cause which it formerly accomplished. FROM THE SOUTH. Interesting from Richmond (Correspondence of the Metnphist Argus, Dec.::) is..julittltto, NOT. 2 , , 1 6 6 1-14. cent I:.ferahtion "rt Wro.l thg'on eonfirrnt4 the het eflittit v, not make an enAard tnuvern..nt wt. , le , I:eat:regard ts In anima meet him, ata that our only chip.en to APOLLI.-I •tory there s to march illreci upon Wae!,in_ ton Tote movement le not contemplati 1 by our {;ore r_- went, and 1 Bum - or° mditary upe.rate.n u Fetomac during the w nter tri!: eJtmst exclus vel in a war of atrtregy. 'I here is no longer any doubt a , to :lie a hole sale s7.ltire of negroes on the coast of south Car- They a ready hare eighteen hundred (IF cotton. A moveltrro, hovre, , i, it prove:6;lg 'or tde r , ',-lodgement, w hick it WOO! i o falCl'Air...2C. It will, I Culcu, normlt euoceee Tl,2:'-..,;erpor of Georg a has recectfy sent se: era! c, 'IMIULlt:.111101:1S to Eitel:mond in reverence to the 1110V0501:1.8 of the Federa's on the coos hat State. 1 hey have possesreon of an important point, from whtea Goo. Brown is de•ermtned to ei ,tot them a: id: hazards. The means he intends to rroploy are fully adequate to the end prep se.i. I had a cohscrsatton tcsisy a i h an icteidge t t Fsenohman, who is here i 0( k i:t after the tuba c) belengir,g :o his goveritmEn:. Ile hrs no: the tdightee: doubt thtt. altht th.,h tr , J , 0L0N.,1 10 I:10 warehouses or Richmond, tie wti have ev. rr pound of din the manufneturere• handy to France by the let of Jarlu (.perallons In Mishouri. [Fran LLe Memphis Appeal. Dee DIE A_E.C, Nov. 30.—A gen thnonn eirr,ved Lee ye t+ terday evening wild lef ben. idchu ',u . gL'a camp on the 20.0 inet.. liumer's command left Sprlcgfeld about tb, liccc wpm:lied by Lane and Moutgornety, Kansaa Jayhawkers, ;he Lrmer retreating .warda St. Louie, which p.mie is auppcHail to be heir destination. Gi ueral McCullough, with 1,700 cavalry, went in purami for the purpose 01 hairaec iak them and to endeavor to cut cff and cap ure their provision tram - . He succeeded in tah.ng about 100 faded wagon-, and xl.erwarde continued the Pursuit, With what further sucelfs, LE. no Known. The Federal force wan estimated Gen. Fre.,'s foroes were movitg up into klisvouri owardH Loxingt, 1,, where it ie thought they w:1, T., lee h , to.trad Creek warrior! , have rebelled an.l , •attett tot angailfltlee from the Federal g,CV ererront. 'l' bey are clotte!y wtc• hod t y our text mot of Tcxana an I by (14J of the Cherokee reg . - :merle. The iseport of the Secretary of the is an official paper of in,re than usualiinritrtance, clear and explicit in its statements and -no geattona. It shows the present financial condition of the ireas ury, and the means which will be re. quitted to maintain the war and tho credit LI the fiovernmonL It suggests measures which have an important bearing upon the business and ti IllitICOS of the country, arid which will elicit a con ,ideratils amount of public discussmn, both in Congress and the newspapere. The CnieAgo:Puii expresses itself well please. with the rebel fund, portico of the Trumbull's coo tiseation bil'. h sty's: The creation of a rebel fund out of the proceeds of tr,e sale of confiscated property—as provided to Mr. Trurnbul's bill—is a happy and humane idea. Al one and the same time it punishes rebels and encourages and rewards loyal men. There could be . nothing more jast, and reasonable than that ihe property, real: F1E , 151 , 91,i0131d, of a rebel, who has done ha part of bunging on :he suffering of this war, should;be,taken from him and made over to the loyal citizer4who has been dia polled of ma own property, and opprceeed, and di lien into .xile. his bill does:all this, and it does it in a per f .cily loyal way. We were lea a few d ,ye ago, by a nins,zoncep ion the tel-graph to make a:critic ern upon tLt. b,li c fe s was nit unjutitifii d by anything r :eh :he Ldl contains. We approve the Al . fully idne tnat Is nroicable is Mr. '1 rumbul.'s I tl.cred stternyto setdd,the usual description of p.r ono held to'servica- 1 laves. Ile lenominsted them "parsons: 014'.11,", peir.r, C ycalled dares.' But further on 111 the provisions of the lid', all confiscated property, proper' yin labor as well as real acd personal property, is confused in toe descriptions, ehowmg how thrticult it ia.to dia. cr.minate between what is held as property at the South and what we are willing to regard as prop el ty in the North. 'Help me It is no:d:tabls also that there is no partic'e of eniszcipationism in Mr. Trumbull's bit In all rnmtl the confiscation 0 legal and necessary. The property confiscated becomes at once the properly of the government, it is the gov ernments to d spore, of as it diems proper. It dueme it proper to appropriate the proceeds of the tate of one class of property for the rel•ef of loyal men ordering for their loyalty in the South; an other clean of property it deems proper to dispose in a different way. Arkansas Too 1 hi rebel lead.re have a d fEcult time in watch ing ice development of the Union sentiment in the rebel States. Last week they made a number cf arrests in New I ..irleuns belonging to secret Union societies, and we pee, in the Little Rock Jour-eat, t bat such societies have been discover.l in two cy the counties of Arkansas, w t m ramifi cat i ons i n other parts of the State. The Governor of Ar'a en sae intimates very strongly that the for, ion-born citizens of that State were unw ring to fight against the Union, and he proposes that a regiment of Germans and one of Irish shall be immediately raised, to test the fact. Treasury, A Rebel Fund THE SPORTS OP THE SEASON Shooting If al -..• art, iciver oubluor spurts from whieh ;over of nature and enjoyment may select ti:s recreation, it must be admitted that the z=st of the.-e wh . ch prevail in at least talus', If not roper at. , f• ilt rn c f Spring, Summer, and sle turrin At these time., amidst genial breezes, and under will the fresh, full foliage ar. and 0 in, tlei song of birds thrilling in his ears, and the of :I rr floating on the ambient sportsmsn wanders, rod in hand, by I mt. B:rearns. to : and toe specked trout; sails Sr , / roe. noon the it ta n,g wave ; hears .the ground tremh!ct trn ath the pounding hoofs of h:gli-bred raters; tar the cr.eket bell upon the mead or, w hen the sun has sucked up the morning dew: f.. 11 we the gay ;name of baee-ball,sith friends and good feliews. All these may now be said to have g yen place to the arduous buts rightful pursuit of furred and feathered game by flood, field and wood. Now is the tube for fine double-barrels, sad- Me-backed pointers, lemon-and-white setters, and Itver-colored, retrievers. It in a study of itself to watch the eagerness and stgamty of the sport ing dogs, when they see their master in its shoot im.-pieket, and find the gun Icaning in the corner, the t-hoi.belt lisngin,on the chair. This year g.me everywhere tilt'lade. and manr srdent t pertt.men, have tisua.:;y,hot a great des! of it., are w the army. We may idato t &ay with him, who sang the elegy of 'nen 6,Lizips , n, when that great sports man wte reported lost upon t:,e moore, blind at not to splend,d purr?, and never more Lo hear the tvuirr ot eLvey— e whirring patricka 'a, Ye ciitty moureocklii crousely craw, }bur mortal foe is now awn' lona Sampion's dead I" We know of no fin r thing. unless ilia a race_ horse m i ti ruide, ihan a pointer or setter stand ng at game, and another Lacking him. if the first g were carved in totrbla by some sr u'ptor, whose , wog with the co-sel for the canine race WAG id la. t., thv.t,'-f Lath:neer with the pencil, it would C 1511ity La' a 1, AI lea of the beauty of the nnotion rid ammal liimseif The education, too, f rpt rung dog:, is wuntterful. Hero is an mama: Abititt outural fat .Itte+have been so taught that he aLa I tdidial at quail or wouticock, and pass lank, Ili - notice:l, it, At horns:, point at hare or rabbit and re a-te to littair. ft.X. or Ni on /lure than , [mop an old dug, when cut with a ',or shot for the hr. t ume, tar been known to evince Luge di ottntent at toe shouter's mouses, and. of ar pa t ant two, hod rg runt. idle.l2:llt. at sports mply lr t Ise:! 15 to h s own wisdom and kSperiethtte, sing ring t e he d .it 11,0 dittglitd, to the aston ished 1-:lad, who could ltag nog tuna. This prover, If any prof were needed, that the eujJyment and oasis,, actimen of the dpga to the fie d equal those e.:tit tuna, and yet what a thrill there Is when a harp of qua 1 rial- in a I unch, with a sound ct .age I it. it,, tic runil of l utnultuoua waters, to be fn.l . Inc tilt ch. report of both barrels. Titer, httui ng Lir tha triargm of rushy panda, 63 i t.te uf -• - celts, to get goon chute a; at ti . . la waters. tool. sod teary or ice at. t tt• MIME veLl;-.llem colic the athechi .13 r.e revue d his 4.i!. And , pnr,l.l. gAine, hit Glow 7., 0: toe ILI' ;JAL .0 het h Pad C:a. , to titipute ght anal :tt the pr,y. 7 lie Krouse ban ti.e gun I R.lllor , L 10 ant.ll ti`r .10A C. come; wrm< 1/0 .1 fetral:o of tte [..:on tri it, p.O I, ne fr. m the ti.y. Most men inn fereg, ehOl uu rurL /.11 01.0 oven not het,Dmitcled ct it, end tr.e iweeper of the upper to cern v t,er prey. We ;lie the ki e t.m.l Linn} to coy, the bull au 1 t)rattlikil Fat! nine , .0) C me leg ..itAVD from 11,1", ,igr. or %viol dt.e:; L.ll. M to 0[1,4 I,Ver r44.IJZ is fidsd, 1..; , !Ivre all 1 C. WN fnei zoLl.lng iu weir a;ler game—that 1,, rei-ieel been aa Jelled, ilia buster !aae r.:le aa,l uu cut or larkiee is the Woods I, a good dI a n . of uordicizites iu Wing n,dcw n a great gubler, as well as la I. 1161,1,4 him up, 611 kg tit WUnle It 0 011111.0 I. roqu.rey =I/ 0, ever, 1; -or; ;y 11,•.•0 ;1111/4,1•;;, and dog. Sing he : terel2(,lllr lan:at:on of LLB , . rtotbon. I.l.llough tt-e MEESE I, ,g,,--e•lx n ug . , 'I • orb of i U' tie GU lii• 31&/), .tin is :.nc•: , ,;:ea: pxuer.• e an I el/ iuratSee ! ~,, k.n.l reue?y, I.A rtt a. Al.t, 101IMIEIIE Dew hod improve firearm", of Ve y kloB.r.i Cp•,r,,M6l.lblld : roinsics of the upi/Lion :hat, for it,- I,.ktgh I)Id lext:e4B hatter arm then the 01l Kentucky itt:, 1; or er, may pattiy arse from the feLt, a good ,ne,f nat kind is much lower in pr c, than reek t aeAptiak *ideated by the Eagtirn moo cud i.lre goer:, who hunt ikrge game.—. Spirit of the T 0,.. A New View of the Cotton Ques Tf,2 ',al:Ali{ a orJra nen,,,toe P:- a ;I.!, .rj Inecoad of id, , ino,ng ca manufa qure ri and Lpara• nr.,l tif,Tl to Lilo olut,borneaN of cur it.V,11111....1.1!1'1 Ott, Routhero portt.l. u t. :1. 11-, .1 ip t r.A..lon ~) 14el N.Oeli of 11111130• urn: :arger tr.,an naand ,n ovtr-eu pp y to Knelialt and ee . go eareb.):,3 la !Ate 1 alarming, and that h.d not U. .0 ,p:y ( - 1! the map:, been eheoken, a , y.mmerelal tend,eln Inure v,rieus than any tra: eN trout:ea thlnt, would have overtaken the o Aloa I ,r,16 'I he I,aniion T has an el ib:ra:e article on astect of the C.Elr,o, in which it la stated that, Sr for 1:0111 CO LCJn being EWAN 0, —"the pri-e of India itotton hal risen but slightly in compareion w tit that of the American commo dity the very switlts r,f cotton in Indian ware. houses are :oft 0 rot fir want of purchaser, and oar Cabot a corresp .niti-tice inform.; Si that, tni.urh India could ye ta.nly Rend Manchaster all the Coto, ch. wanted, Manchester wets found fth4 - I:!ing to tore the money for IL • • • — We are r,,,ed th - -t for SOrne nine peer tie ; re,Metton of ro:teu good, has been greatly it, ex •... of the lo;,11 !rice doe awl, a-,d that the mar kets et the woo •t are xluited aith Larca- shire eapons. Qui - manufacturers, therefore, us. der any eirt.ont-oarers, nou'd have been corn. pedied anent this ume is: euepcod or Curial! their operations, and they are,diithg now culy What must have beer, done sooner or! tter, whether the Ano r.can ervn had been lateieeptid or not It is ahrged, in fact. that the ehortne,3 of the supply is rathe , Cpridriun- then u.herwiee, se giving a good pretext fur abet; work, and that the real cause of the presets stagnation oi t he found, not in the scarc,ty of ootto: . l tit in the a ceohoo r f demand for esiten." The Ssturjay Lec,tc discusses the sans eubject gresa lesich. ll retrarkl: e - Oarkets Of the world were gutted with Manchester coeds at the time when the American war put a suadsu stop to the mune'' , of cotton, and even tithe mater a! were to b 3 had in unlimited abundance, the closure of a sufficient demand for WI ill it Lancashire you'd iprodu:te would itsrlf Ott nice to bang down the rate of production to something like its present standard. A striking I roil that the wont cf a market has aim Cl Co at :oh to do wan toe stagnation of this branch of industry a 3 the sitarcity of mtterial, Is to be found in the comportitive prices of manufactured and at lognufactureci cotton. Both, of C31.1L,P, have risen to vtlue ciune the blockade of the American ports. hut the ;indult u di the mile of cotton good. is esid to be not more t Can halt the increace in the pyre cf th , cutup. Notwithstanaing a slight check our rig the last week, the course of the Liv crpool mark , ' has, as might have been exrected, been steadily upward. Bow cotton is worth live pence per pound more Odin in March. the stock.' of American cotton are rapidly falling, and it might have Leen expected that a pouoi of mannfic• tune I cotton would have been enhanced in value to nsfEvlrlltet.arne extent. h., has act been the cane, and it t ay me consolation to know that. at no time could the American supply have been cut cif with co little injury to cur Liade as at a time wn:.n wsiehou ei were tilled with an unexam pled ,uppiy of manufactured produce. Though this w.ll tiring no relief to the chief sufferere,who depend noon the factories for their daily bread, it will mitigate tits pressure on the country at I arge which so violent a d sturnance of its staple Manu facture cannot fail to produce." Burial Grounds in Atexanderia, I NEW ADVERTISEMENTS 'I e large number of lUlernten'n• 91 t r•I-•I sprno tins rant brd,e4 of wen .nnine vision.) , of thin city, has filled up ,everol of the r•emeterien to an extent which those who do not ;lel those secluded spots would hardly euppose The p Hut burial-,round. poi:A-IHr celled "Penny R 111," is heaped with new earth n °ands, cover ing the remains of scldierg, the whole ground seeming now to be no picked as to leave little room for rn ,, ro wares. The I :lWhobe cemetery, at the ecu i, en.l of c Ash.ngt, rl -u . - onisins a number cf fr.! It um.• .11,1 g aye,— Intern:slats hem nit() token )14