Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-12-15

said. rs the news this morning Gays. that 1.-The
Confederate pickles still show themselves on the
Virginia side Of the Potomac" Is DAY of re-
Troach 70 Mr. Lincoln and his new Gezeral
BarBsiee must 20 on and fight. and the rum DIS
IN New York tell whatis there expected 20 be
The result These rumors are accompanied by
"a slight panic in the stock MARKET" which +
naturally attributed by the Northern papers TO
accidental circumstances; bat which tends never
theless to make u apparent that the holders OF
State stocks are MOI treasured BY having got rid
Of their Fsbus. Meanwhne goli Is at 1.s2ys
and creeping up, aud exchange ~ 1867. % the
eternal disgrace of our merchants, who. notwith
standing the fervid celebrations of the American
press, will none Of them consent TO see their own
welfare in the payment Of more than the quoted
value for American securities. All this uneasy
feeling Is doubtless complimentary to Mcclellan,
and must be unsatisfactory 10 Mr.. Lincoln.
There ought 70 be atthis moment great JOY and
acclaim throughout the ranks of the war party of
the North What they have been asking for as
the sole necessity 10 victory mas now been grant
ed All the mos, rabid war spouters of the Fed
eral States seem 20 have had neither voice nor
pen except 10 abuse the commander OF the Army
of the Potomac. Their PRAYERS have been heard.
Their victim has been handed over 10 them.
Mcclellan has been dismissed and publicly dis
graced. Stocks ought to have gone up, and gold
have been left disc0unting expected victories.
Instead, however, OF this, all New York seems
TO have been, at the last advices, under the
shadow east upon ii By some coming disaster.
Even General Halleck 5 long letter OF indictment
against Mcclellan does not raise the spirits OF the
war party to proper pitch. and people do not
iee reassured even by the certainty that the same
war minister who ccunseled Mcclellan 10 "cross
the river at once and give battle to the enemy -
M fail IN oft fiar IN
side. How il is that these people are less conf
dent, even after their ''victory of Perryvile."
than they we're after their first or second defeat
at Bull Run. we shall net seek 10 show. But the
fact is plain, that even while the Army of the
Potomac was cheering Mcclellan and Burnside
as they rode through the ranks together, there
was slight panic at New York LII we refrain
from tracing the origin OF this, we may neverthe
less accept It's testimony. For the first time we
see that there is now party, and party
which is not war party, in the North. For the
first time, also see that tle party is rather
quiet and choplallen.
Upon the whole, therefore. these last tidiDgs
tend TO show that the war fever is little sub
siding. and that the time is approaching when
reason may be heard 1t must be remarked, how
ever, that even General Mcclellan does not leave
his old companions without word Tor the Union:
1--WE shall ever be comrades in supporting the
Constitution of our country and the nationality
OF its people" II there is distinct war party in
the North, there is not yet distinct peace party
This is the next step to arrive at Some OF the
Americans evidently looked wisIfully to Lord
Lyons. who is just arrived at Washington; but il
is clear that what Mcclellan dares not say, and
Seymour dares not say, would not be prudently
said by foreigners. 1t it be true. as the South
erners boast, that they ma>sing their forces
on the Rappahancck to fight the greatest battle
of the war, the fortune of such battle may
change all things; but in default OF some fuel of
this kind, the fire seems TO be sinking. and per
haps Mcclellan may be out OF fashion and for
gotten before the next Presidential election comes
off