The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-08-30

murderous ncarsions the plains for the purpose of
cutting of human heads and carry away women into
slavery habits OF peacefully raising and selling cotton
would be great political object as to justify an eScep
ton the general rule of interference" The Governor
General in Council, while approving Mr. Grants general
plan expresses preference In favor Of the establishment
OF such factories by private enterprise 'aded by any
grants of land special measures OF police other aei-
tics which government can furnish" will thus be seen
Ma, he suct Of oom is mooed every shape and form,
AMI that really is at this moment IN India the qeIos@
the day."
PATTON OF THE NEGRO A MAIN OBJECT OF THE
WAR.
From the London Chronicle, August 1871
Mr. Lincolns wire drawn address contained
no alusion TO tho monster evil and foundation OF the
strife because America as yet as far behind England in
recognizing the claims Of the negro human being as
she has proved herself in preferrng the faaces OF pro
lection TO the sound doctrines Of FREQ trade Sho has long
had men like GARRISON and Wberforce but their eaven
made little impression upon the mass and she has still an
obvious determination TO blink this question, chiefly on
account Of its cost il she possibly Mr. Seward has
let fall phrases which show that he Is hot gno-
rant OF tho fundamental principles involved and nothing
can account for his retcence in speaking upon the
matter, except the fact that tho Northern public
wants educating TO true perception Of the duties and
difficulties OF the time. Hitherto tho abolitioniss have
been SMALL and, in respects, njudicious minor
y. They have preached long and loud but they have
made iow converts partly because the minds OF their
generally confined themselves 10 fanatical enuncaons
OF abstract proposition and took pains to show how
the transition from state Of society TO another could
be conveniently made TIE Sosh is quite right IN sap
posing that the sey Of its block properly so.ula be inpil
yea W reunion sssA ZEE Ney'h bat theastes y quto
on phionh'onc sentiments can be S7otiGcd IN eng ohr
aody than that adopted JyMe cid Country, whose Negro
Emancipation, honpraby paid for Of the grand
est acts OF modern times.
THE MORRILL, TARIFF AND THE FOREIGN CREDIT OF
THE UNITED sTXTEs-A TERRIBLE DISAPPOINTMENT
IN STORE FOR THE LONDON TINES.
tFrom the London Times Getty Article), August IS
Each new statement from America regarding the
financial and commercial prospects Of the country demon
strates the fate tina. would deservodIy mpend all
persons IN Europe who might be tempted by the hope OF
gain into supplying means for continuance Of the strife
The Morrill, Tariff uhich commercially assinlles ths Uni
tel Saies 10Th the most retrogade countries IN he ,uord
EXCEPT that the darkest Of these countries any
alterations made generally toward better
dton while America hns deliberately stepped from bad
to worse, is not only to be maintained but TO be in
creased in force by the imposition Of additional duties.
At the time tho Secretary Of the Treasury to
DO empowered to put forth an apparently unlimited
creation II treasury notes for amounts equivalent TO
VI and 20 each "for national circulation We are
consequently to witness in combined action the two
Influences OF protective and prohibory custom house
system and paper currency OF tho most enticng and
dangerous description II is embodiment of the
the Colonel sbhorp and OF Mr. spooner of Biz
mingham, in effort Coupled with this there is to DO
Income tax Of three per cent all incomes OF f1G0 per
annum, which will leave entirely untouched the great
nnss OF the people who regulate the politics Of the nation
and which will depend for it's upon the voluntary
honesty Of tho rcDrns sent IN by tho remainder The
measure was to apply IN fair proportion to hnded pro-
perty but the Western farmers would not submit to this
and the House Of Representatives IL is sad wsely gave
way TO their objections" tax Of ~ silver watches,
ard Of 4s gold Watches we'll OF IS to G0
rages according to their quality, excise
spirits and beer, all increased duty sugar, and
entirely new duties on ten and coffee arc among
the other means by which il s hoped TO add few
millions sterling TO the revenue The cost Of collection in
wide country like America must, Of course, be enor
and fifteen per cent il to DO offered to each State
that will perform that task for itself and thus the
necessity OF providing separate and costly machinery
on the sr Of the sn The 80
each in their proportion and after they shall have been
coerced back into the Unon apd have ruined themselves
far possible by their efforts in they will there
fore have TO meet heavy while they volna-
riy voting the supplies TO provide the vends such
federal loans as may have been raised Cor bringing them
to obedience The journals hold that cor they
do not anticipate such state Of things the Income
tax becoming permanent, as has been the case in
Great Britain but the substitute that is to BIO found
for IL when the results Of borrowing enormous
sums at ten and twelve Fer cent interest shall
expenditure is now estimated, good authority, to BIO
goag at the ratio OF Els 100000 per annm, exclusive
OF the distinct and sovereign expenditure Of each Of the
thirty -four States. The ordinary federal from
all is about f16 600 0CO Surprising tho du
ties yed the Ga 900 Go 0G0 900 cpated there
remains about ESQ OC0 600 to be obtained
by loans In the shape Of issues either Of stock Treasury
bonds notes for national circulation At present with
amount of bullion in the New York banks far exceed
ing any sum ever before known, and while tho money
pressure from the new order d things has scarce
y yet been practically felt, the lowest rate at
nr'o ' 10 ner reo, what u;, y. ,ha charuo
when specie rapidly flows out in consequence of the 81
ganc expenditure when severe money market operates
together with political dstrust and when ii is found
that three months leans bad and deceptive
three months enlismcntsg Already we have assertions
that votes in Congress have DESTROYED the credit of
tho government dndth could g "a 600 900 On,
any terms in The Nec York mGklhe news of the action
of tho banks in New York Boston and Philadelphia with
respect to great national homo loan had evidently not
reached Printing House square on August l5-Ep HR
RALp-whilc the most hopeful and strongest friends Of
the administration go no further than to aegc that the
government credit will still prove good 'if'' It's financial
scheme is broad enough to meet the necessities Of the
case it, after tho fashion Of Mexico and Turkey specific
branches Of revenue pledged security and IL fO
600 go 900 900 Of paper circulation put out Tn
der the circumstances the mos wish of the friends
of America must be that the difficulties thus in sight may
accumulate with sufficient rapidy to bring both North
and South to reason. II they were TO he STAYED Off by
funds from Europe the lenders would richly deserve that
share of the bitter results Which would DO certain speed
ly 10 fail upon them.
SHALL WE HAVE A MILITARY DICTATORSHIP OR A
ROYAL RULE!
from the London Herald Derby organ, August 1871
American affairs to be what the French call 'spre
cipatng themselves with great rapdity. The rupture
is yet but few months old; only battle and few
trhing slirmishes have taken place, and already New
York almost in state of anarchy and military
desposm has commenced establishing ITSELF if it is not
already established That such events would be likely to
take place was apparan to most Observers but that they
should take place with such rapidy has been startling
even to those who are least disposed by their politi
cal principles to rely on the patriotism Of de-
magoucs and the effectiveness Of armies con-
trolled by clubs and committees We all knew
that the bulk Of what has been called the grand
cenary regiments composed Of foreigners picked up any
where and anyhow, the whole commanded in chief by
few superior officers OF the regular American army of
real knowledge and merit, but commanded In detail by
regmental officers, most Of whom had not only never
seen servccut had scarcely regular steady
drill S could hardly guess in England that tho do
moraization fearful that described by General
Mcclellan when be refused the command except dica
ter 81 must BIO master Che sadl and have she entire
control Of .,, subject e 20 War Department or su
porior officer Tho whole service Is rotten; ianst have
the full power TO cut out the bad parts"
That power 1t ia said is conceded to him. With II he
may perhaps, overcome the South, though doubt that
result With IT, If he is of the Washington stamp no may
peaps restore The republic, and then ield up the dioa
torshp VIII H. Vhe is Qfhe Napoleon stamp land Nafoic.
oic ambition is more frequent than the SET aJnsgatscs Of
Washington, ,oho stands almost alone the ht,ry Of
NAM, the imperial or royal regime has bcgun in Ame-
RIGA,
With that portion Of the subject however, is our
present purpose to deal, except 1assdnt We wish
moro particularly to comment on the flight of
Bull run; not with view to harp upon the dis
graceful conduct Of the thousands who fed in panic
before enemy that not pursuing but rather with
the view OF paating or explaining their conduct by