The New York herald., 1862-04-09

strongholds of the rebellion will fall with little
or no resistance Meantime tho suffering pro-
ducing classes of tho Southern people will rise
against the destruction Of their cotton. rice,
sugar and tobacco, and save themselves from
beggary and their peculiar institutions from
ruin by timely submission to the Union. Let
US rejoice at this cheering prospect, and that in
President Lincoln we have found the true and
trusty pilot demanded by tho crisis to save the
country.
The Latest Report About Fremont aud
His Missouri Operations.
We have received q copy of the re-
port Of Mr. Holt and his two associates,
appointed by the President to inquire
into the claims of the contractors in Mis-
souri, who supplied General Fremont with
various articles which he required for his
army. We have had before the report of Ad-
jutant General Thomas and the report of the
Van Wyck committee, exposing those contracts,
and tho report of Fremont himself, which ut
teriy failed to throw light upon the subject.
Now ws have the most remarkable report Of
all BY Mr.. Holt. NOT only confirming the ale
cations in the former reports, but bringing new
charges Of the most damaging character. We
intend shortly to publish it IN ea4enso Mean
time we may advert to one point.
Passing over tho loans, voluntary and
forced, from tho banks of Missouri, amount
ing to about q million of dollars; the pur
chase of tents at extravagant prices; the
swindling contracts for horses and mules; the
Intervention of fraudulent middlemen; the fat
jobs in the purchase Of steamboats,; the exor-
btant charges for the telegraph and railroad
transportation; tho extraordinary dealings with
Childs, Pratt Il Fox; the building of mortar
boats at double their proper price; the rfdicu-
lous claims for the roofing of the barracks; the
Paducah pontoon bridge, erected at a cost of
1926, 900, aud found to be worthless; the Gin
cinnati contract for the building of railroad
cars; the contracts for munitions Of war; the
dealings of Beard, the Californian, in forage;
tho building Of useless Notifications at out
rageous prices, and advancing the money be-
forehand without security for the performance
Of the contract; and last, not least, the Gene
rails personal extgavagance, riyalling that Of
princes, at the expense Of the people, and his
failure in the war-passing over all
these points, we come to that point of the testi-
mony which lets In food Of light upon Fre-
mont's ideas Of government. From the testl-
mony Of Colonel Andrews, 1t appears that
Fremont regarded the government at Wash
- IL
regarded; that he was at the head Of tho
people, and would carry out such measures
a. the people wished. In other words, that he
was self-constituted dictator, or, at best, the
nominee Of handful Of abolitionists; and to
use the language Of the "Little Villain" that
he had perfect right to "supersede the Presi-
dent" Hence the contracts he made in disre-
gard Of the Presidents authority and the War
Department, and his disobedience Of the Presi-
dents order to publicly retract his unauthorized
emancipation manifesto. In fact, it seemed as
il "the coming man" was about to overthrow
democratic government and establish the king
dom Of Fremont the First upon its ruins. The
assumption Of regal retinue and state heralded
the reign Of the new ruler, who had declared
that bis confidence in republican institutions
had been somewhat wavering" But sudden
pull Of red tape" brought up Fremont with
a short turn, and when the critical
moment came to do or die he failed.
All his courage oozed out Of the palms Of his
hands, like Bob Acres, and the abolition en-
bryo king quailed before the majesty of tho
republic. But the history Of his case is very
instructive, az showing what are the revolu-
tonary ideas Of the abolitionists, their jour
nails and leading men. II democratic insti-
tutions escape from destruction, and If a mo-
narchy is not founded upon their debris, it 10
only because the radical faction are not suf-
6cien.ly numerous TO carry out their designs
The spirit is willing, but the flesh is weak
Neither have the leaders the necessary pluck
for revoutioni:ts themselves, nor have they
the people at theiv back. The days Of abo-
litionism are numbered, and a terrible retribu-
ton awaits its organs and champions at the
hands Of an indignant people, whose patience
has been abused till longer endurance is i'm
possible The day Of reckoning is at hand.
NoBrEssg OBLGGE.--Seversl English lords have
recently been hauled up by the courts at the
other side for lending their names 10 swindling
Joint stock concerns, by which number OF
persons have been delrauded Of
large sums of money. These men belong TO a
class whose organs are constantly assailing the
good faith and soundness of financial and com
mercial enterprises in this country. The moral
is instructive.
FEARFUL ExrRAvAGANCE AND FRAUDS IN Con-
TRACTS FOR ARNs.--Trom one Of the Blue
Books. published by Congress, containing all
the purchases of arms and all the contracts
for the same, from April II, 1861 TO January
IL, 1862 it appears that the aggregates are as