The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-02-21
WAsmNorox, Feb. %, 1861


special despatch from hero 70 New York states taat
the coupon bonds proposed to be issued by Mr. Shsr-
mans bill can be printed for six thousand dollars instead
Of eighty two thousand dollars az estimated BY the
Secretary Of the Treasury This true The bonds can
be printed and issued without signatures the coupons
for very small sum- but there would DO great danger
Of counterfeng and loss to the Treasury Is due 70
the government II it issues coupon bonds, that they
should be engraved not printed and the coupons
should be numbered and signed in the customary man
ner. Mr.. shermans plan would be very loose and very
hazardous.
IMCoIN's CABINET
II has already been stated that Mr.. Seward and Mr.
Bates are the only gentlemen thus far selected by Mr.
Lincoln for his Ministry; but understand that other
names bit Of whitish brown paper which Old
Abe carefully carries in his pocket right hand side
These names are-Simon Cameron, Salmon p Chase ana
Montgomery Blair There are two vacancies. Il u
urged upon the President elect TO take Charles Francis
Adams the representative from New England. Mr..
Chase may not accept the place rendered him.
CONSERVATIVE REPUBLICAN, PATTY.
There ndicatonslhere, there, everywhere, that
conservative republican party sprngng up which wild
override and squekh out the party that carried tho North
last November One two New England Senators in
the movement
TIKI SUIT BxrwEEN KENTUCKY AND OHIO
The Supreme Court to-day took up the Of the Gov
ofKentucky against the Governor Of Ohio the
having refused TO issue his warrant for the
surrender Of Sago, who indicted in Kentucky for
cing slave to escape from his owner escaped and
took refuge in Ohio The counsel Representatives
Stevenson and Humphrey Marshall for Kentucky, and
wocott for Ohio. The argument to-day was confined
mainly to the slavery question.
CAUCUS OF REPUBLICANS.
There a of the conservative, together with
few Of the more radical republicans last evening at
the house Of a republican Senator 1t is the general i'm
preston that the result Of the meeting favorable
measures likely to preserve peace with the South. Tho
existing difficulties are fast approaching crisis.
THE INFLUENCE OF MR.. SEWARD.
Should Mr.. Lincoln be guided by the coun-
sells Of Mr.. Seward even though there should
be no adjustment by the Peace Congress, yet
the border slave States would repose confidence
In the action Of the incoming administration. But
should the President elect fall into the hands other
branch Of the party the last hope of adjustment would
be forever lost The border slave states will in the latter
event. follow the lead of the cotton States and the Union
finally be dissolved The destnies Of the country are
therefore the hands of the leaders of the republican
party
FORCE
Should the House pass the Force bill, which is now
under consideration and which will be pressed to vote
tomorrow, it will have very injurious effect upon the
action Of the Peace Conference II will certainly precp
tate action the part Of the border States The bill
sent South yesterday to be used in several Of tho
States to show that the incoming administration backed
up by the republican Congress, intend to coerce tho
South The most moderate republicans here regret that
such bill introduced this time. 1t will surely
retard settlement.
BILL
The passage by the House day of the Senate
meCt to the Navy bill in favor OF seven
ers creates considerable excitement in secession circles
to night.
POSTAL AFFAIRS.
The mail the sececed States are contnu
ally asking whether they will be paid as heretofore TO
which the Post Office Department responds armatively
stating that drafts will be issued to them the postmas
ters to be paid from the postal collected within
those States.
The Postmaster General has removed the route agent
between Grafton and Parkersburg Va the ground
left his business without permission engage In
the secession movements 10 that State.
Several postmasers in Kentucky and Tennessee hAvo
been removed for similar cause.
NATIONAL FLAG.
For the first time flagstaff has just beer erected
the War Department building for the display Of the
national flag.
SECRETARY THE NAVY.
The House select committee OF five on the Pres-
dents Message, transmitted January 8, will to
morrow make a report relative to the statioufng
Of vessels, &C., saying that the defence Of
the Atlantic coast has been greatly neglected,
and concluding with resolution censurng the Secretary
Of the Navy for, they charge accepting whou. delay
inquiry the resignation Of officers, who
against the government when rendering the same
CONDITION NAVY.
has been ascertaned that larger number Of vessels
than for the last twenty years, and other
vessels may be fitted out during three four weeks
| T1,erei ia def IF
men, masters and medical officers well seanen tho
law limiting the last named to s 500 men.
,uE PARAGUAY Rps.
Much interest Is felt to know what the Senate
will take upon the special message which the President
that body in Executive session upon the subject
Of the Paraguay award
OUR RELATIONS WITH PERU.
1t has been anticipated tina, the President would be-
fore this time address a speciaamessage to Congress
upon the subject Of relations with Peru
but, the session is drawing so Iear TO "A close
thati Isl presumeds the President deems becoming
eavehs unembaIrassed In respect dplo
matc,complications Meantime Mr. Clay, the Minister
of the United States having returned to this country
in obedience to orders quietly awaits whatever dspcs
ton OF him may be made II IL not improbable that his
long diplomatic experience and CONCEDED ability may
called into requison by the new administration at
early day, especially he is better informed the
subject Of South American Affairs thor general and
special bearings than any other In the country.
The incoming administration will find themselves con
sderaby embarrassed respecting foreign affairs and
will require the assistance OF OF those ALREADY
position 10 aid them, AMI to avoid serious bunder.
Official advices have been received from Ecuador by
Minister Flores. The provisional government in that
country has ended and the national Congress
Quito, under the Presidency Of General Flores ADD
elected Gabriel Garcia Moreno President OF the
republic The new President Is man OF high order
OF talent and will have the support Of General Flores
Commander inchef Of the army, aud there is every
to believe that peace will be restored, and the
prosperity that the republic enjoyed durieg tho
long administration Of Flores will be revived.
The new government has SHOWN itself TO be de
oidedy friendly TO the Urited States, for besiies
accredispg diplomatic agent Washington to cultivate
the intimate relatona hcixee, crunires