lEMM tircsbilttrin Namur. NTTSBURG-11, NOVEMBER 29, 1892 The War. From the Army of the Potomac there is but little reported. We are still to be eon teuted with promises. Let not the public impatience, however, impel the army to at tempt things impracticable. Our Generals cannot do ns they please, nor can they exe cute as they may be ordered. There is an enemy before them. They must " count the coat" of a battle, and if their forces are inadequate, it is their duty a avoid bring ing on a conflict. The advance of the army from the Potomac river, on the South of the Blue Ridge, to Warrenton and the Rappahannock, was accomplished in a week, and was, in the circumstances, among the most rapid on record. But there it expe rienced a change of commanders, a halt, a deflection to Fredericksburg, and then an obstruction. The reports of last week in dicated that a part of Gen. Burnside's army was in that, city,; it was only at the city, the river intervening. To cross• the Rappahannock, at Freder icksburg will be a hard task, while the ene my is there in 'force. The river is broad, and must be bridged. Pontoons may be used, but still there may be delay. Then there are the Matapoony, North Anna, South Anna, and Chickahominy, before you reach Richmond. These are small rivers, but they need bridges, and to force their passage will both delay an army and 'cause waste. To reach Richmond 'by Gor donsville, with Gen. Burnside's army, and such a foe to contest the passage, was im practicable. That, we have along stated. And to reach it by Fredericksburg will be exceedingly difficult, unless a division of the enemy's forcee is made by an approach from some other Quarter. By the Penin sula, we still insist, is the way, using the James river, or the York, or both. A modification of this way would be, by the AppomatoK, and through Petersburg, taking Richmond on the South. The people must be patient. Haste has caused delay, hitherto. Let us learn wis dom by. our disappointments. Give our Generals the army they want, and the equipments, and the naval forces to cobp erate, and the requisite time, and they, if they are as able and prudent as some of them are, will give us' victories. Vioxemnth is now the centre of attrac tion in the South-west. As we look around we find every thing tending thither. It will be remembered that; last Summer, our progress in clearing the Mississippi was not only , ehecked ,there, but stopped. The fleet of Farragut, which had penetrated to New Orleans, (lame up ; and the fleet of Foot, and Davis, which had taken Island No. Ten, Fort Pillow, and Memphis, went down; but both together failed to capture Vicksburg. Its location is 'Such that a land force is indispensable. This force, conjointly with a fleet, has been for months in a course of preparation, and is now tend ing to a concentration on the. devoted city. Gen. Grant is preparing his army to ad vance inland by Holly Springs. Gen. Mc- Clernand is collecting large forces at Cairo and' Columbus, to descend the river. A part of Gen. Seofield's army of South Western Missouri, has returned to Rolla, thence to be transported to St. Louis, and thence embark for the scene of action. Many large steamers have been ordered to St. Genevieve, Cape Girardeau, and other places on the river, to take troops to unite in the expedition. We trust soon the riv er will' be opened to our trade, through its whole length. And Vicksburg in our possession, will be a basis of operation to ward the interior of Mississippi, the inte rior of Arkansas, and the' - North of Loui , shine and Texas. Government Credit. About thirteen and a half millions of the loan authorized by Congress, for three years, at seven and three-tenths per cent., had never been offered, Secretary Chase lately concluded to put it into the market; but wanting some money a few days before the stock could be sold, he sent a telegram to New. York asking for an advance of $12,- 000,000. The money was forthcoming within twenty-four hours. And the bide for the stock alluded to, were meet encouraging. Over thirty mil lions of dollars were offered, nearly all at a premium of from two to four per cent.; and the whole loan was awarded, at rates above three per cent. The premium amounts to 8452,000. Government credit is good It is true that the Government standard of money is, by the course of trade with foreign countries, reduced to thirty per cent. below gold. But that is a matter of our own. If we choose to deal abroad for no morettian we can pay in- produce, gold will fall, and Government currency will rise. Ind if as rapidly as the people get U. S. notes they put them into U. S. six per cent, stocks, which they are authorized to do; then gold and notes wilt soon more nearly approximate in value. :But what ever may be the nominal discrepancy, the real difference will be little to those who wish to save money. The GOvernment pays its interest promptly, in gold ; and, when the war is over, if successful, Government stocks will soon become hater than gold. It is only igpfoo of the knopess of the rebellion, that gold laid ky will be the better investment. If we had gold now which we did not need for use, we would by no means board it. By so doing we might have , it, when peace would come, but the intereif Would be lost. We would rath er buy publkstiwks, and thus gain the thir ty per cent premium, and the six per cent. annual interest ,on the: principal and the premium, and then i t v have that which, would be as good as 7 gold, ,or better, on the return of peace: 341''1' We do not ask our readers thus to dispose of their money; hut if we had money to lay by, whether gold or notes, such is our faith in the stability, success, and honesty of the Government, and such is our patri otism also, as we trust, that we would sus tain the public credit and help on the war, by investing a portion of it in the public stocks. ibentral The Continental Monthly. The December number of this ably conducted Monthly, is on our table. It contains a third article on The Union, by Hon. Robert J. Walker, and an article on The Causes of the Rebellion, by Hon. F. P. Stanton. Both are well worthy a perusal. There are other excellent articles. The's°lid worth of this periodical must-bring it into great favor in an intelligent community. The ],New-York Legislature. The Senate, by reason of members holding over, is strongly Republican. Of the other branch, the Albany Journal says: " The com plexion of the Assembly is exactly this: Sixty four Republican Union, elected over Democratic opponents ; sixty..three Regular Democrats, and onewho his'alwaYs acted with'the Republicans, but was nominated by both Conventions, and of course elected without opposition." Gen. McClellan in New-York. A visit of Gen. McClellan to New-York, on the 20th inst., was the occasion of some excite ment at the Fifth Avenue Hotel. The calls to see him were numerous. He stated, in reply to some questions, that he could not, under any circumstances, accept of a public reception, and while he appreciated the kind feelings of those who would this honor him, it would - not be prop er for him to accept such a demonstration. He was serenaded in the evening by the band of the 7th Regiment, and yielded to repeated de mands for a speech. His remarks are thus re- My FRIaDS : I thank you cordially for this spontaneous tribute of regard. I accept it, not for myself, but for the Army of the Potomac, which I once commanded, and in which you are so deeply interested. [Tremendous and contin ued cheering. Three cheers for the " Army ,of the Potomac."] Every battle, from Yorktown to Antietam, has added new proofs of the cour age and devotion of the citizen soldiers of New- York, and has,increased the great debt of grati tude due to them by their country. [Cheers No portion of this broad republic has more lav ishly poured out its millions of treasure and thousands of brave men in the cause of our coun- try than this great metropolis- [Cheers.] At the commencement of the struggle no community was more prompt in responding to the appeal of the Government for aid. No community has a greater stake in the success of our cause than this, none is more closely bound by the ties of kindred to the army with which I have been so long associated. [Great cheering.] I, there fore, and my former comrades with me, will feel doubly honored by the , occurrences of this eve ning, and it is with a heart full to overflowing with gratitude that I again thank you for your presence-.to-night. [Great cheering.] You know that I am still a soldier, therefore you will expect no speech from me, and will now permit me . to say, Good night. [Long-continued cheering.] Party politicians tried to make themselves prominent on the occasion. This was exceed ingly' in:judicious ; and, if persisted in, it must be deeply injurious to the General. He belongs to no party. He is a national Man. The nation needs his military knowledge and talents. He feels himself consecrated to the country, till the war shall be ended ; not at liberty even to de fend himself, when that defence might cause divisions, or alienate the public from the public officers. Politicians, however, will be injudi cious; but our hope is that the General will be able to keep himself, so far as his, own words and deeds are concerned, from all party political commixtures. He has a country to serve; and just now, he can serve her best in patient and silent suffering ; and by so keeping himself, he will be in the best condition to do service if she should again gall him..to military activities. The following-is an extract from his letter de clining the hospitalities of the metropolis : "I feel most deeply this action of the munici pality, which I regard as one of the highest hon ors which can be paid a citizen of our country. At this particular moment it is peculiarly' grati fying to me to hotline assured of the good feelings and regard of the authorities of our greatest city. I I trust, that they reflect the sentiments of their constituents. At any other time I would grate fully accept the proffered honor, but I do not feel that it would be right for me to do so while so many of my former comrades are enduring the privations of war, and perhaps sacrificing their lives for our country." F;ederiekshilh, The occupation of this place by our troops for merly spoken of, seems to have been but a pos session of the Western side of the river, apposite the city. On the 21st Nov., under slag of truce, the following demand was, made by Gen. Sum ner, who commanded the advance of Gen. Burn side's Army HEADQUAIXTERS ARMY or THZTOTOACAC, November 21st, 1862. To the Mayor and Common Council of Fredericks burg: Garmaiszt:—Under cover" cif 'the houses of your city, shots have been fired upon the troops of my command. Your mills and manufactories are furnishing provisions 'and the material for clothing for armed bodies in rebellion against the Government of the United States. Your rail roads and other means of transportation are removing supplies to the depots of such troops. This condition of things must terminate, and by the direction of Gen. Burnside I accordingly demand the surrender of the city into my hands os thi.,represcintakiva of the :.Government of