The New York herald., 1862-09-24

grades Of State and Western In good shipping order
Tho higher class OF brands were scarce and better
Wheat opened firm especially for good shipping lots
OF spring and rod but closed dull and irregular while The
saes were tclsrably active. Corn was firm for good
sound lots Of Western mixed, which scarce, while
that in poor condition plenty and unchanged Sales
Of the former were made at 60c 6lc Pork closed with
Armness and activity. Sales or made at
$ll 75 and prime $40 IL $40 25. Sugars firm
and good demand sales Of TOO hhds and boxes
the latter at &C. lokc Coffee was quiet but Arm. The
stock comprised 1O bags Of Rio and Santos and 152
766 bags Of all kinds. Freghts steady with fair
engagements at 12d 12d for wheat to Liverpool and
-four at IS. 3D. and to London at 1akd Id for wheat
and 4s. (asked) for -four
President Lincoln's Great Proclama-
tion-Now for . New Cabinet.
The comprehensive most important and mo-
mentous proclamation which President Lincoln
has just issued on the slavery question is the
absorbing topic of the day. 1t overshadows
our late victories and defeats in the field and
our impending battles; for it marks q new
epoch in the war-the enforcement Of the Con-
fscation law and the probable limitation of the
Presidents recognition of slavery in our rebel
lious States. We accept this proclamation,
however, not as that of an armed crusade
against African slavery, but as peace offering
to our loyal border slave States, and as liberal
warning to our revolted States, in order to
save their local institutions by their timely
restoration to the Union.
The sixty days notice Of the Confiscation act
having expired, President Lincoln announces
the enforcement Of the law against the slaves
and property of rebels and traitors, and seizes
the occasion to declare that on the first day OF
January next s'all persons held as slaves with
in any State, or any designated part of State,
the people whereof shall then be in rebellion
against the United States shall be then, thence
forward and forever free." But the proclama-
ton further declares that any State which, on
the day named, shall, by majority of its quail
fed voters and in good faith be represented in
the Congress of the Union, shall not be con-
sidered as in state of rebellion.
Upon this saving clause we confidently
assume that the President, through an energetic
prosecution of the war, anticipates the sup
preston of this rebellion before the lst of
January, and the restoration of the Union sub
stantially as it was. And why not? We have
so far crippled and demoralized the great
rebel army of the East that within
the next sixty days we may expel it
and every vestige of rebel authority not only
from Virginia, but from North Carolina; and
within sixty days. too, we may not only put an
end to rebel resistance in loyal Kentucky and
disloyal Tennessee, but in Arkansas, Louisiana
and Florida. Thus thin ninety days we may
have at least SIX OF o'r rebelious slave States
represented in Congress and .hus tue other
five. from the usteS hOrelessaess OF their cause,
and the specia! danger impending over them,
may be reduced to = saving capituiation.
All this can be accomplished before the expi-
ration of the present year, through an earnest,
systematic and harmonious prosecution Of the
war. But to secure this end we must have
perfect harmony between the President his
Cabinet and our generals in the field.
1t is to the absence Of this harmony
that we may Justly attribute all our military
disasters and failures. The discordant elements
of the present Cabinet, through their deplorable
political intrgues and Vaccinations, have bro
ken to pieces our greatest military enterprises,
have three times put our national capital in
danger OF capture and destruction by the
gates Of Richmond in every possible way
have embarrassed tie President and our gene
rails highest in his confidence and in the army
A new Cabinet is therefore needed, upon the
basis OF this new war proclamation, in order to
secure that 'happy accord" between the Presi-
suppression OF this rebellion in three months
campaign. We know that Mr. Seward, after
having, as Secretary Of State, achieved .
repu' alton for patriotism, ability and saga
cious craftsmanship unsurpassed in the
history OF the country. is ready, and
even desirous, to resign the duties of his
Office into other hands. We know, too, that OF
ali the members OF the Cabinet Mr.. Seward, in
the largest degree. has commanded and holds
the confidence. respect and esteem of the Presi-
dent. But on this very account Mr.. Seward is
the man OF all men to undertake the great object
of reconstruction of the Cabinet The first
Cabinet OF General Jackson, chosen upon the
princlpie of party compensations to different
sections and States, soon proved to be so dis
cordant as to be insupportable. Martin Van
Buren,, secretary Of State, and the special favor
lite OF Old Hickory, understood the difficulty,
and applied the remedy in his resignation. His
example necessarily involved the resignation OF
all his colleagues, anu thus the way was cleared
for con lstent and united Cabinet upon the
practical policy o. the administration.
In like manner Mr.. oewards resignation at
this time would be followed by the same de.
sirabie result. Nor ID it improbable that, in
view ol the Importance OF SO pushing forward
within tue ninety odd days of grace allowed
them. the neAi great ereut ut Washington may
be a new ,ab ret. cgud 10 the exalted aims