The New York herald., 1862-01-15


but the onicai result carried till the sailing
of the steamer which succeeded her. and which may pro
ling for some days the arrival Of the expected news
The cotton market yesterday the absence Of sales OF
m'ment was nominal Spinners, with buyers generally
were awaiting the foreign and looking forward to
the receipt Of scattering supplies ordered from Eu
rope knowing full we'll that if they entered this market
with its medsupplies prices would up In the absence
Of buyers holders not pressing sales and with the
exception of few small weak holders here and there.
they were quite firm in their views. The -four market
hrmer for and medium grades Of State and
Western while cd TO choice extra brands were sustain
ed Wheat Srm, with limited sales. Corn was
changed and transacto moderate at &C., 66hc. for
shipping lots of Yves mixed and delivered
Pork was steady with rather more doing at $1 rs $l2
for old mess, $l2 25 sl2 s! for new sis so s1s IS
for city primo mess and 80 50 90 for new prime.
Sugars steady, with small sales of hhds. (about
1907 while 3s4 boxes and $50 hhds meado were sold
at prices given in another place. Coffee was nrm cargo
Of 400 bags Santos sold ~ 21c. Freghts
firm, with fair amount Of engagements
The Modification OF tho Ca binet.-Mr
Lincoln's Conservative Policy vindi-
Gated.
With the retirement Of Mr.. Cameron, and the
appointment Of Mr.. Edwin M. Stanton, of Penn
sylvania, to the control of the War Depart
ment, modification has been effected in Mr..
Lincoln's Cabinet which, in q very remarkable
degree. commands the public appreciation. 1t
is change which vindicates the conservative
war policy Of the President on the slavery
question, and which brings the War Office and
the leading generals of our army into that
happy accord which is absolutely indispensa-
BILE to vigorous prosecution of the war.
When Mr.. Cameron was appointed Secretary
of War, in March last, his antecedents as con-
servative man rendered him acceptable to that
great body of our loyal people who are d.
sirous of maintaining "the integrity of the
Union" including the constitutional landmarks
of Southern slavery. Whether as demo-
crat, whig, American or republican, Mr..
Cameron had never identified himself
with the radical abolition element of
the North. Some two months ago, however,
the fact began to be made manifest that he had
become o jealous convert to the radical war
policy of the abolitionists- liberation of the
slaves of the South, and their employment as
our armed allies in the suppression of this pro-
slavery rebellion This policy was so loudly
advocated in his late annual report, as originally
prepared for Congress, as to attract the special
attention and the pruning knife of the Presi-
dent, and from that moment Mr.. Cameron's
early resignation began to be regarded as a
very probable event. We have to suspect that,
with his adoption Of the abolition war pro-
gramme, he lost, to some extent, the confidence
of General Mcclellan and other prominent Of
fcers of the army, and that in this way the
movements of the army have recently been i'm
peded by some curious embarrassments, of
which the public have had but faint concep-
ton.
These embarrassments could only be removed
by change among the leaders of our army or
by change in the Cabinet; and the President
in transferring Mr.. Cameron to st. Petersburg,
has effected this desired modification very hand
somely. Recognizing the earnest, incessant and
last, in the great work of creating and organic
ing our army, and the equipment of our force
of six hundred and fifty thousand men, President
Lincoln could not permit him to retire without
thanks or compensation from his arduous duties
of the War Office. Hispublic services are grace
fully acknowledged in his appointment as
Minister to Russia; and doubtless the Gar will
accept this appointment, under all the circum-
stances of this crisis, as a complimentary recog-
milton by our government of his generous and
spontaneous sympathy for our sacred cause,
"the integrity of the Union"
On the other hand, as it was the radical abo-
lition war policy of Mr.. Cameron, as our Secre-
tary of War, which embarrassed the move
ments of the army, and threatened its de-
moralization, we may now expect the utmost
activity in the prosecution of the war, from the
harmony which exists between the new Secre-
tary and General Mcclellan and other leading
army officers, and the bulk Of the army itself.
Mr.. Stanton has the reputation of man of q
high order of talents and cultivation, of supe-
rior administrative abilities, great industry and
sound patriotism. It is believed that what
CarAot was to the first French republic, as
Minister of War, Stanton will be to "Honest
Abe Lincoln;r that he will be the man to bring
order out of confusion, efficiency out of mac
ton, and an invincible army out of raw
recruits, dispirited by frequent disasters, delays
and disappointments.
The intelligent reader, however, will recog-
mise in this matter the controlling will and
unchanging integrity of Honest Abe Lincoln''
himself. According to our advices, his Cabinet
has been anything but unit upon any great
question submitted to its judgment, so that the
President almost invariably has had to fall
back upon his own He is thus, to all intents
and purposes, the master Of his situation, and
the abolition disorganizers of Congress may
now understand that when be "puts his foot
down, he puts 1t down firmly" President Lin
coin takes simple, straightforward, consistent
and wonderfully sagacisus view of his line Of
duty, in reference to our domestic and foreign
affairs. Thus, with the bombardment of Fort
Sumter, he took the responsibility and promptly
summoned eur loyal States to arms; for he saw
that not another moment was to be lost; thus
| in his first war proclamation he declared bis