The New York herald., 1862-12-23
nature the Board adjourned until this evening at

nature the Board adjourned until this evening at
four O'Clock.
The friends and patrons of the Ironsides regi-
ment presented that corps with . magnificent
stand Of coiors, at the encampment, Jamaica
Long Island yesterday afternoon.
The stock market yesterday was rather Inactive CO.
vernments declined heavily in the morning the Cabinet
imbrcgo bnt recovered the Afternoon on the newr OF
Mr. sawards resumption of the Secretary ship Of State
Gold sod at 1874, X and 4, closing al 1924 x. Elk
change vas dull at 145 Money worth six per cent
The bank statement shows increase Of $s1s $50 in
loans and $lS3 1886 in deposits, and decrease OF
81 ,l54,4ls in specie.
The cotton market dun and heavy yesterday.
Limited sales OF dour, wheat reported at
reduced prcesaour having fallen OF SC. lOc per bh'
wheat lc &C. per busnel aud corn closing with down
ward tendency Less inquiry existed for pork and beef
though buyers had existing lard advanced
shade and in active request. There move
ments OF importance In teas, coffee SUGARS rice tobacco.
metals, molasses naval stores whiskey steady
but inactive The freight market depressed and the
engagements were restricted.
The Cabinet Crisss At Washingt0n--The
Plain Duty or President Lincoln.
The latest phase OF the Cabinet imbrcglio at
Washington is temporary arn,istice, under
which things return to the position in which
they were, Mr.. Seward has been persuaded by
the President to reconsider bis resignation and
to resume in full his duties in the State Depart
ment Accordingly, as upon his retirement all
the other Indicated Cabinet designations and
changes depended, so, with his restoration, there
will probably be for the present no changes
whatever.
Thus we have reasonable grounds for the ap-
prchension that great and most desirable OPP
portunity for . ministerial reconstruction, ac-
cording to the exigencies Of the day and the
demands of the country, will be lost. The over
ruling wish and purpose of President Lincoln is
manifcstly TO conciliate and harmonic tie two
great divisions of the party identified with his
administration, Hence he shrinks from the deli
cate task Of dispensing with his present Cabinet
and adopting new one, for fear that, instead of
securing harmony and cooperative efficiency
among his administrative subordinates, be may
only cmbitter and widen the existing discords
in his party camp. But we can assure Mr.. Lin
coin that the breach between the conservative
Union wing Of his party. represented by Mr.
Seward, and the radical abolition wing. OF
which Mr. Secretary Chase is the Mcrhisto-
pheles in the Cabinet is too vide and deep to
be bridged over by temporary armistices or half
way concessions to either side. The time has
come for an unqualified and comprehensive de-
cision between the war policy Of the conserya-
tves and that of the radicals.
OF all the members Of the existing Cabinet
Mr.. Seward is unquestionably the least respon-
sible for the blunders and disasters which have
marked the conduct Of the war. He has been
absorbed in the duties of his own proper de-
partmentthe management Of our foreign rels
tions and that he has discharged those duties
with commendablc fidelity. and with the ability
Of vigilant, sagacious and clear headed states
man, is the universal Judgment of the country.
That he therefore, Of all men. shonld be singled
tby the radical majority OF the Senate ss The
scapegoat for the Fredericksburg disaster, is
one OF rle most insolent and outrageous at
teinpts ever made on the part Of this unscrupu-
lous Congressional faction to dictate to the Tx
ecutivc his line Of conduct and in the face OF
the overwhelming popular sentiment Of The
loyal States.
What influences. nstrumcntaiiiics and agents
are really responsible FOR the mismsnagement
OF this war. The radical majority Of the two
houses Of Congress. aud especially of the
Senate aud their co-Iaborers and instruments !!
in the Cabinet. Having the power, in having
the control of Congress. to raise money. fleets
and armies. or 10 deny the,u, this radical fac
ton has compelled the President, in many
things. tn yield 10 hcir demands against his
own sagaeious and conservative views and in
order 20 secure the ways and means % carry
on the war The abolition radicals. then. and
their managing agents in the Cabinet and the
War Of,ice. are responsible, III their disor-
ganizing schemes and intrigucs. for all the
folies. failures and disasters of tire war, incid-
ing arrangement of our financial affairs aud q
deprecated paper currency, which adds. per
baps not less than half q million Of dolisrs a
day to the national debt. Nor have We any
doubt that Mr.. Secretary Chase bas been the
prime mover IN al these radical schemes and
an active co-workcr with his conb.derates oi
tho Sensts against Mr. Seward. Upon its face
the volunteered resignation Of the Secretary
of the Treasury is very plausible; but il was, we
suspect, only an adFoit device 10 escape the
consequences threatened him under cover Of
the smoke around him.
The question, then still rccur.. is there any
hope for a vigorous. harmonious and successful
prosecution of this war under the controlling
Influences to which we may justly charge all
our past disasters Common sense will
answer no. Nor will the present unsatistac-
tory condition OF things be substantially
improved with any partial reconstruction of
the Cabinet upon she impossible basis OF con
eiliating the conservatives while satisfying the
radicals. The one division OF the republican
party or the other must be absolutely rejected
as the guiding parry Of the administration. The
radical wing may readily be DISPENSED with, ss
II represents only . small popular minority or
the loyal States, while the conservative wing is