The sun., 1861-12-14
The New York CITY Press.

The city journal, devote large proportion Ct
their columns to the European new, relative to
the seizure Of Slcel and Mason. The World
says, that although Lothing serious is likely to
grow ou' Of tho transaction, II is to be regret
ted that the En- lish press Is inclined to make
il the occasion ol exciting an cmbittered popu-
lar feeling towards this country rendering it
more difficult than would otherwise DO tbs case,
to preserve friendly relations between tho two
nations.
Tho question OF National Banking Law, as
proposed by the Secretary Of the Treasury, is
discussed by the WoRLD at considerable
length. 1t says, that the proposition, If carried
out, will virtually compel the banks to loan TO
tho Government most Of their capital, and while
in the main favorable TO tho measure, 1t thinks
it caunot be accomplished without serious in.
convenience to, if not depreciation Of existing
inves monts.
Its Washington correspondent reviews the
recent pamphlet of Mr., Elicit, to which we have
before referred. This pamphlet embraces a
stringent criticism of General McClellans views
and deeds, and hence has attracted much atten-
tion in Wa hngton.
History teaches us that no man can be sud-
dc ~ elevated 20 great power, either through
merit or GoOd for Uuc without ~ q ca becoming
tho subject of scnIchin. crit ci,m u sldulus Z
target for the shafts Of tl,c incuds AMI open
foes Gen Met lellans url'i career /, already
allUrting teNt for thcs' dilac'ic.sms. C,ll"i
at a DAYS no. lee IN the highest ollic, ever hold
by nm An, rirta, and having thhrGn m in'ainei
the couGdcuc ani piirncc Of the Ua'ion during
a Il, ing three months, hp is now each day mJ e
closely suhj hj,ctod 10 the searching process In
| question.
Orcourge tbose who have personally watched
the formation and man ignmont OF the Potomac
army have not avoided forming OPTIONS rola
tive 10 the talents and faults Of any) Of ITS gem
erA | DO not presume it this let .cr to venti-
late the obscure notions ia newspaper writer
on this matter, nor to Cry1alliZe the talks Oi
CAMPS and Capitol Hobbies, bat to briefly rehl,i
| the intentions Of brochure VIII en- happearct yes-
| to-day morning IN each lex ia the senate aLd
| II usu chanbers. Lar me do this vi hIut ap-
| proyirg or dslpprUving comment making q
simple statement OF It's arsument and conclu-
| tiOns. go
The sentiment Of the pamphlet is boldly
enough expressed On IL tile page
| "Tus ARMY OF ruE PnIoMAC, AND ITS
| MIsMANAGEMENT. X :. .sctiully addressed e
| Congress. by CHARLES tLLErT, Jr, civil
engiI eer. The army apounds ia skill, sclenc,
| and eI teGpfi-o hut thesr qualities are hOl az
its nd hercs its in' lliciency. Washington
| l.. Towers & Co, 1861.
| FIST, rs TO the author Me-. Elet holds
whhour d, ubt, social and prof ssional posi-
| ticn entitling hi opinions even IN these anOn
| alous tunes, to a cert,in amount Of respect
| Ills private character is above hat Of a maj
| who would at ack greaine's from malicious o.
| sentimental motives. As an engineer no ha
| 81 loved a de.erved ,murnce for many years
Ia - D.en in charge of various important publu
enterprises; has received Difference in opin
ions as 10 such matters until lately has con
tinued in the exsrcife OF his proiession--his
last active services being those of chief con
ruc'ive engineer Of the Orange and Alexan
dia Riilrosd and its southern extensions bu
since the CONNIE of hostilities he hA
lived quietly at his home 10 Georgetown, ID. G.
studying and criticisng ths progrsss OF tn
campaign over ground 30 familiar to him. I
hs knowlef go Of the region between the capi
tai and Richmond must be added that Of thu NJ
per Potomac, since In early life he surveyed th
liver frVn Washington 10 HhTPera Ferry. III