The Sun.
London, England, 1863-02-04 00:00:00

11-1 E SUN. g, IN DoN, WEDN ESDA I, EVENING. FEBRUARY 4, 1863

NEW NOVEL BY THE AUTHOR OF " THE MORALS
OF MAYFAIR."
Now ready at all the Libraries, in 2 vols., 215.,
POINT OF HONOUR.
By the Author of
"THE MORALS OF MAYFAIR," &c.
Hurst and Blackett, 13, Great Marlborough-street.

On Friday, Feb. 6, in 3 vols., printed on toned paper,
L T. 0 L A V E' S.
Live for to-day To-morrow's light
To-morrow's cares shad bring to sight.
Go sleep, like closing flowers at night,
And Heaven thy morn will bless.
Hurst and Blackett, 13, Great Marlborough-street.

Now ready at all the Libraries, in 2 vols., 215.,

A DAUGHTER
A NOVEL.

OF EVE.

By RAIN FRISWELL,
Author of "Sham," "Ghost Stories and Phantom Fancies."
Richard Bentley, New Burlington-street.

SIR RUTHERFORD ALCOCK'S WORK ON JAPAN.
On Wednesday, Feb. 11, will be Published, in 2 vols. Bvo.,
with Maps, and above 100 Illustrations in Chromolitho-
graphy and on Wood,
THE CAPITAL of the TYCOON: A
-a-Nar-
rative of a Three Years' Residence in Japan. By Sir
RUTIIERFORD Amocx, K.C.8., Her Majesty's Envoy Ex-
traordinary and Minister Plenipotentiary in Japan.
London : Longman, Green, and Co., 14, Ludgate-hill.

TIIIB day is published,
CHRONICLES OF CAR LINGFORD :
‘IALEM CHAPEL.
1..) Originally published in " Blackwood's Magazine."
In Two Volumes Post Octavo, price 24a.
William Blackwood and Sons, Edinburgh and London.

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•
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severe. It is not so certain that it will be decisive.
Prom this rapid survey of the field of impending
operations, it will be seen that the Federal Govern-
ment has a large work in hand ; and that if Mr.
Lincoln and his Cabinet are about to make an end
of themselves politically, they are inclined to do the
deed after the fashion of Sardanapalus and to expire
in a blaze of fireworks.
Meantime Mr. Lincoln is called upon to dismiss
his Administration, and replace it by one more homo-
geneous, cr, as Mr. Seward would say, " more
unique." But as the President is in one of his in-
tervals of self-assertion, and in the mood to say
"No" shortly and sharply to all comers, the efforts
of those who strive to produce a Ministerial crisis
make little progress. The memorial of the 26 Re-
publican senators has produced no effect. A depu-
tion from New York, headed by Mr. George Op-
dyke, the Mayor, and including several men who
have it in their power either to make or mar the
fortunes of any loan that Mr. Chase may desire to
negotiate, has been equally unsuccessful. The depu-
tation, when admitted to the Imperial presence, re-
presented in respectful terms the public lack of con-
fidence in his advisers, and urged a change "as
essential to the salvation of the country." Mr. Lin-
coln could not see the point. If he had been a
constitutional king he might have seen it, and re-
membered the unpleasant consequences that have
followed in other countries when king and people
took different siaes ; but being an elected Presi-
dent, more absolute during his four years in office
than any king or emperor in the world, he
contented himself with telling the busybodies who
presumed to give him advice that " The Govern-
ment was better informed of the necessities
of the country than any outsiders could be,
however able or intelligent." And so the depu-
tation retired—possibly as patriotic as before,
but probably not so sanguine that much good could
be done while Mr. Lincoln remained President. Mr.
Greeley, with whom Mr. Lincoln said some time ago
that he could not afford to quarrel, is trying his
powers of persuasion with a similar object, and has
instigated the meeting of a select Republican mica
to consider the action to be pursued in both Houses
during the short remaining term of the present Con-
gress. The ultra-Republican party are dissatisfied,
because there is not abolition enough in the Presi-
dential policy, while the Democrats are dissatisfied
because there is too much. One would emancipate
all slaves by a Presidential and inoperative decree,
and appoint Gen. Fremont commander-in-chief to
superintend itsnon-execution; the other would annul
or withdraw the proclamation of emancipation, and
reappoint Gen. M'Clellan to the bead of the army.
If Mr. Lincoln were disposed to change it is pro-
bable that the Abolitionists would carry the day ;
that Gen. Halleck and Mr. Stanton would be sacri-
ficed to the public disgust at the mismanagement
of the war; that Mr. Chase would be immolated to
appease the alarm of bankers and business men ;
that Mr. Welles would be offered up as a victim to
the wrath of the indignant merchants who have
ships and cargoes afloat in the way of the Alabama;
and that Mr. Seward would be consigned to the
rural retirement of his own sweet Auburn, and to
the tender mercies of a score of ex-prisoners in
Fort Lafayette, to satisfy the distrustful animosities
of Mr. Charles Sumner and the other high priests
of Emancipation, for having played false to the
cause of the negro and lost faith in the healing in-
fluences of his traditional ninety days. But in this
case a much worse Administration would be ap-
pointed to succeed the defunct. Gen. Butler might
' fill the place of Mr. Stanton, Gen. Wadsworth that
of Gen. Halleck, Mr. Charles Sumner that of Mr.
Seward, and Mr. Horace Greeley that of Mr. Chase,
Perhaps even Mr. Lincoln may be of opinion that
it is better to endure the ills he has than fly to
others that he can but too easily prefigure, even
though by so doing he should incur the much
dreaded hostility of Mr. Greeley.
Yesterday the President sent a special Message to
the Senate and House of Representatives, informing
those bodies that he had signed the Bill authorising
the issue of 100,000,000 greenbacks, for the pay-
ment of arrears due to the army; and expressing,
at the same time, his " sincere regret" that it had
been found necessary to increase the paper money
of the country to so large an extent, at a time when
the circulation was already so redundant as to have
seriously augmented the cost of living, to the injury
not only of the labouring man but of the whole
community. He also took occasion to suggest as
the best remedy for that inflation of the currency,
which he admitted as likely to produce " disastrous
consequences," the taxation of the circulation of all
the State and local banks, and the establishment of
a uniform currency, based upon the security of
United States bonds, as suggested in his recent
Message. This is the idea of Mr. Chase, as well as
of Mr. Lincoln, but it meets with little favour from
the public, although as far as the mere uniformity
of the bank-note circulation is concerned, there is a
large class of people who are inclined to support it.
The Message was very ill received by both Houses.
Mr. Greeley, who is at Washington, urging a
change of Ministry, states in the Tribune that the
recommendation to adopt Secretary Chase's banking
scheme provoked laughter over most of the House;
that there was a very general expression of irrita-
tion at what was called the interference and dicta-
tion of the President ; and that in the Senate,
which refused to print the document, there was a
feeling of resentment at what a distinguished
senator called Mr. Lincoln's " growing habit of
returning bills with his signature, accompanied
by lectures to Congress for having passed them."
It may be inferred from this statement that the
Republican majority of the Senate are annoyed
at Mr. Lincoln's refusal to change his Ministry
at their dictation, and that he has finally suc-
ceeded in " quarrelling with Mr. Greeley." The
Conservative party—while otherwise disapproving
of his policy—are of opinion that this last is a step
in the right direction, though they are quite pre-
pared to believe that he will retrace it as soon as
Mr. Greeley has the opportunity of a private and
confidential talk with the man whose policy, though
not himself in office, he has succeeded in moulding
more effectually than any member of the Adminis-