The New York herald., 1862-11-26

rectsd that all yachts and sail boats whoh arc
kept by private indiyduAls for pleasure OF arc
kept TO be hired out to others for the purpose VI
pleasure excursions are taxable.
The draft in Michigan will take place on the SOtn
of December If the quota of the State 10 not Tiled
up previous to that time.
The market for beef cattle remained substan-
TALLY the same as last week. The cattle were
mostly common, and sold slowly at from SIC. to
7c.: fair to good brought from TIC. to 61sc., and
prime cattle, which were very scarce, brought
sac. &C. There were no fancy thanksgiving
Day,' cattle on sale. Mich cows were steady at
s25 $40 $50 per head. according to quality.
yeals continue plenty, and in moderate demand at
&c. a &c. a 6Lc., the latter an extreme rate
Sheep and lambs continue active at full previous
prices. Fancy sheep, fatted especially for
Thanksgiving Day, were very active at from 81 to
sl0 Other kinds varied from 81 SO to IS q IS so.
Swine were active all through the week. at full
previous prices, and more could easily have been
sold. Heavy corn fed sold at NC. 6Tc, light
corn fed at 4Ac. 4Nc., and still fed at 4c.
4Hc. The total receipts wore, 6.46i beeves, 81
cows. SIC veals, 9,ll6 sheep and lambs, and
3267l swine.
The stock market was without important change yes
to-day Money was worth per cent call. Gold fell
to l2o and exchange London TO 143 The exports Of
the week were s. ,o5l l91.
The cotton sales yesterday very limited and the
market quite for midding at 66c. The decline
in gold occasoned considerable depression n breadstus
Flour declined SC. 10c. wheat 1c. &C., and corn
c and the sales we're restricted Tho provision trade
moderately active without any remarkable changes
In prices The only sales Of moment in the grocery line
tbose Pic andO
firm There less inquiry for metals, fish, tallow and
ois with more activity in spices East India rice and
whsSey fair business transacted IN wool, tobac-
CO. fruit hay and leather at unaltered figures The ocean
freight market was less active.
The Recent Elections Taking Effect at
Washington.
Those persons who have imagined that the
recent elections would fail of their legitimate
effect upon the administration have been very
greatly mistaken. One Of the effects of these
elections was immediate, and showed plainly
now deeply the blundering Cabinet of Presi-
dent Lincoln had been stung by the condemna-
tory verdict of the people. AS human nature
il constituted, it is no wonder that the first
effect of these elections was to put the Cabinet
into passion, which resulted in the ridiculous
removal of General Mcclellan. This fit of fool
| ish fury over, the consequences of McClellan's
removal began to frighten the military med
| dlers of the Cabinet, and they are now tremb-
ling at the very sound of the wind, fearful that
some accident may happen to the army, or that
the audacious Stonewall Jackson may send
hem his compliments in the shape OF few
shells from Arlington Heights. The parties
concerned now seem to fully understand that
| she people will hold them and not General
Burnside, responsible for the safety of the army
| and the security of the capital; and they feel,
ai last, the heavy weight of the awful response
bilites which they have so rashly assumed. 1t
was a very easy matter for the great geniuses
If the War and Treasury Departments to send
General Mcclellan away from the army he had
organized, equipped and led forward to victo-
~, and with which he had twice saved Wash
| ingtop. 1t is anything but an easy matter,
| however, for these geniuses to take General
McClellan's place and manage General McClel-
| lan's forces. Chase, Stanton and Company
| have discovered this fact already.
Consequently, the effects of the recent elec-
| tions are now becoming every day more visible.
McClellan's removal having been accomplished,
mis- astute enemies concluded that the safest
course for them to take was the road to Rich
nond, which Mcclellan had always advised,
but from which he had been diverted by their
interference. General McClellan's plan was to
attack Richmond from the peninsula, with CO.
operating force advancing by way of Frede-
ricksburg. The plan now In favor at Washing
ton is to attack Richmond by way Of Frede-
ricksburg, with cooperating force advancing
upon the peninsula. There is just enough origi-
nality in this latter plan to justify our military
secretaries in applying for patent for it; but
they seem to forget that the circumstances have
changed. since Mcclellan thought this idea ad-
visable, and that military schemes ought to
change with military circumstances. Be this as
it may, however the fact remains that the effect
of the popular verdict in favor Of Mcclellan, at
the recent elections, is severely felt at Wash
ington. The order Of Secretary Stanton, open
ing the doors of our Bastiles and releasing
all persons not accused Of being in arms against
the government or Of forcibly resisting the
draft, is one of the results Of the popular ver-
dict against illegal and unconstitutional arrests
This order is t@dy, but 1t is just. The fault Of
the administration was in authorizing and per-
mitting any such arrests under any circum-
stances. There never was time when urgent
necessity called for these outrageous violations
of the constitution The whims, jealousies and
passions Of The Secretaries, not the welfare of
the country, were the motives for these viola
tions Of the liberties of American citizens
Even now we believe Chat the barbarian Secre-
tary Stanton would have persisted in thus ex-
ceeding and abusing his little brief authority had
not our humane and conscientious President
xol