The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-08-21

more DC an instruction there than there could
DC seditious rising of mobs here. The military
organizations are equally efectual in both sec
lions to suppress every attempt at revolt.
CoMNG TO CLosr QUARTERS LAW ON
MARTIAL LAw-We publish elsewhere. extract
ed from the Daily Ne,os, list of the so-called
"peace newspapers" in the Northern States.
This is only another name, of course, for those
journals which sympathize at heart with the
South, and are endeavoring to disturb the ac-
ton OF the general government in putting
an end to rebellion. Five of these papers have
been recently mobbed, an indignant populace
quitting their establishments from top to bot
tom, In two instances offering violence to the
EDITORS and setting an example of destruction
which, If followed to any great extent, would
lead to anarchy. Yet it is right that something
should be done to prevent the dissemination Of
sympathy with treason In the loyal States, and
the constant propagandism of discomfort with
the war, in which this large portion Of the press
is engaged. In the Confederate States, not Q
voice is raised anywhere in opposition to the in
surrection, nor does any one dare to speak, much
less write, in hostility to the acts of the rebel
leaders. These latter are rapidly maturing
their plans, and the indications are that tho
principal of their objects is to seize upon tho
national capital, and THENCE divide the Northern
States in sentiment, and induce an aoquiescence
in the overthrow Of the constitution, through
the aid of these very journals, which now pre-
tend to DO simply in favor of peace. It is.
therefore, of the utmost Importance that they
should no longer be permitted to divide our
counsels, and that they should in an efficient
manner be prevented from distilling their subtle
poison ia the public mind.
Mob law we are totally opposed to. Every
good citizen must regard it with adherence.
Under whatever pretext its assistance may be
invoked it establishes precedent for evil,
which tends to universal disorder and aims q
blow at the very basis upon which society rests.
On the other hand, the secession sympathizers
of the Northern press, do not violate any exist
ing statute. They cannot be reached under the
code, and, In a certain measure, they are pre-
tected by the constitution itself in the mischief
they are doing 1t is, therefore, incumbent
upon the administration to proclaim martial
law at once. Just as it has been done in st.
Louis and Baltimore let it be put in force here.
It will find an abundant number of subjects to
work upon, and its first energies should be
directed against our so-called "peace" news
papers. Their Offices should be closed, one and
all. If they continue their work of disturbance.
the insurreotion may be looked for, sooner or
later, in the Northern States, which Jefferson
Davis and his associates have counted on from
the beginning, and government will only have
itself to blame for having neglected the precau-
lions that would have prevented it.
REVIVAL or BUsINEss.-A sufficient time has
not elapsed since the recent government loan
was taken to see any of the beneficial results
that will accrue from it, nor need we expect to
see any great revival of business until the
middle of September or the LIST of October.
The entire business of the country has been 60
FRUSTRATED by the rebellion that its revival II
not the work of day or an hour; but that q
change for the better will soon take place is as
plainly to be seen as that two and two make
four. The expenditure of million per day by
the government among our own people cannot
the country. New channels of trade, however,
will spring up from this expenditure. Those
large firms and jobbing houses which have
failed will not revive; they are gone beyond re-
surrection. We are on the eve of an entire
change in our commercial system. The absorb
ton of this loan at home, and its expenditure
here, will bring about, in the place of large es-
Establishments importing from abroad, revival Of
the manufactures Our woollen, cotton, IRON
and those necessary for the war, will be tho
branches of trade that are going to be benefited
by the operations of this loan; and the country
may look for an activity in these industrial pur-
suits such as has not been witnessed before in
the history of our country and that, too, at no
distant period.
In the meantime q wonderful change and
complete revolution will continue in New York.
Those large and magnificent marble stores in
Broadway and the palatal palaces in Fifth ave-
nue. will continue to reduce in price, and will
never be worth within fifty per cent of what
they were before the crisis. The smaller
houses, the first class tenements and property
in adjacent streets, will increase in value
and continue to bring in permanent incomes
to their owners. The only large and extensive
business-on the scale of the importing and job
hing firms that have gone under in the financial
distress-for some time to come will be the
beef contractors, pork contractors, clothing
contractors, and all others connected with the
prosecution of the war, including the contrac-
tors of shoddy. 1t will be necessary, however,
for the government to keep out vigilant eye.
and see that their contractors do not cheat the
government and rob the soldiers with their
roguery.
SYMPTOMS OF ENERGY IN THE GOVERNMENT
By Geographic intelligence published in yes
terday's HERALD, we learn that the government
have ordered the arrest of Pierce Butler, on q
charge of reasonable practices. There is also
q rumor of the arrest Of VIM. B. Reed, late
Minister to China; George W. Wharton, late
limited States District Attorney: Charles