The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-04-08

sign at cnce but the former win ind his position IN
tenaole, and be forced 10 do 80 before the
lapse Of many weeks. He looks pale and haggard,
and is worn out by the anxiety Of mlnd
he has lately endured HIS want of moral courage and
slowness OF decision greatly be deplored bad he
the energy 10 step forward into independent position
and denounce the reachery by which he surrounded
he might still make himself the ralyng point of such
conservative party in the North the exgences Of the
period requires.
Chase finds himself in very false poeltion. His
fusal TO accept bids below 94 VIII probably Keep
the treasury in comparatively depleted state for
time. Advces from New York represent that capital
lists will not lend a higher than OF o. and
Treasury notes cannot be advantageousy issued.
The Morrill, tariff will, clearly enough, produce
revenue, and the frantic efforts blockade Southern
ports Of entry that being made, win not prevent
goods from being distributed via New Orleans Charles
ton and Savannah throughout the North and Northwest
The canayd that England and France favoraby dis
posed towards the North has deuded The feeling
here that the independence Of the Southern conede
racy win be recognized, and that a speedy commercial
alliance with the European Powers will be rendered in
evtable by the interests Of the latter revolution both
in England and France would be the consequence Of their
not doing
Proposals for the Treasury notes 10 the amount Of
y So 00 to be received by the Secretary of the
Treasury until thursday morning at ten O'clock Offers
have been privately made Of 3 centum premium for
the entire sum- but 1t is deemed proper afford fair
opportunity for competition.
WHAT HAS CAUSED THE GREAT COMMO.
TION?
WASHINGTON, April Z, 1861.
After canvassing this city and conversng with mum
Der Of persons-as everybody is talking about the
present threatening aspect of aarsI have ascertained
the following points, which the controlling with
the administration with reference to its sudden change Of
policy The begerent attitude Unexpectedly med
and the ndomabe secrecy maintained with regard the
movements of troops have led to all sorts o speculation
in the barrooms and club of the Capitol the
knowing ones have to the conclusion that the rea
sons for these sudden movements are
First. The result Of the municipal elections in St.
Louis, Cincinnati, and other parts Of the West and in
New York. and the oss of two Congressman in Connect
cut, and two in Rhode Island
Second The efforts of of the Western politicians
to infuse backbone into Lincoln, to satisfy the
Northwest thai the government is determined to secure
to them forever the free navigation of the Mississippi
which they are afraid OF losing.
Third The fear Of their being compelled repeal the
Morrill, tariff in consequence Of the importation Of foreign
goods being made through the South under the low tariff
Of the Southern ccnfederacy and the consequent to
the party Of New England and Pennsylvania the total
annhilaton of the principle Of protection.
These the propulsve forces that are driving the
Lincoln administration to Fort Pickens and the devil
TELEGRAPHIC INTERRUPTION.
WASHINGTON, April Z, 1861.
The telegraph wires south of Petersburg, Virginia. are
reported to be down. therefore are unable to recey,
any further advces other than those this mornings
paper, from the South.