The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-08-08

! influenced by the rapid rise in the raw material,
the market has been unsettled The inquiry for domes.
tic wooens has been mainly for cassmsrss wanted by
Western buyers prices have been without Improvement
The principal business in foreign dry goods has been
transacted In heavy linens and woollens, at irregular
quotations The weeks imports Of dry goods amounted
In value to 81 275 including 81 $40 in entries di.
rect for consumption, and $40 1886 warehoused.
The Restoration OF the Union-The Al.
mfnistration Adrift.
| It appears that considerable anxiety exists
at Washington touching the policy of the
administration for the reconstruction of the
Union. There is the radical abolition pro-
| gramme for reducing the rebellious States to
the condition of Territories or to the alterna-
tive of the abolition of slavery respectively,
before granting them the rights and privileges
of sinners forgiven and restored to the church
in full communion; and there is the conserva-
tive policy, under which it is contended that
State wherein the armed forces of the rebellion
have been put down should be considered in
stdtu quo ante bell1m, just as she was before
the war, and requiring no legislation at or
proclamation from Washington to enable her
to proceed to the election of members to the
federal Congress. But between the radicals
and the conservatives, to use homely compa-
rson, the administration stands undec ided,
like the perplexed donkey between the two bun
dies OF hay.
In the outset OF the war the Union restoring
policy of the administration was clear and
simple, as set forth in the official papers ema.
mating from President Lincoln, and in the reso-
luton adopted in Congress, and for which every
republican member voted, declaring that
the object of the war was the subjugation of
the armed forces Of the rebellion, and nothing
more. But as the struggle progressed, and as
the radical faction in the Cabinet and in Con-
gress began to coerce the administration into
their con6scation and emancipation schemes,
the simple object of putting down the rebel
armies began TO recede at Washington into the
background and the war began to assume the
form of that Of William, the invading Nor
man, against the Saxons of England war
for their determination or the complete extinc-
ton Of their local Institutions and landmarks,
and for the coniscation of their estates.
Still President Lincoln has not been wholly
su bdued by the radicals. Yielding to their
emancipation, confscation and conscription
projects, he has held and yet holds fast to his
conservative Secretary Of State.
From this circumstance the conservative
masses of the country still entertain degree Of
faith that Mr.. Lincoln will in good season show
his hand in favor of the shortest and simplest
| method OF restoring the Union, including the
abandonment of his emancipation proclamation
as a military measure, or breaun f,ilmen, Of
no binding effect beyond the slaves actually
liberated by coming within the lines OF our
armies. 1t is to be hoped that these expecta-
tions will be fulfilled; but we fear that they
who believe in them will be disappointed 1t
is Mr.. Chase, and not Mr.. Seward, who is the
ruling spirit of the Cabinet. Mr.. Chases
"greenbacks," put in the scales against Mr..
Stewards diplomatic correspondence, have
done the business. Chase is potential; Seward
is powsrless. The one speaks like . master;
the other pleads like a servant Of the admins
tration. Hence we fear that the radical abo-
prove too strong for the conservative policy Of
the amiable Secretary Of State.
Thus the war will probably 60 on, in the
shape of guerilla war, after the final defeat
and dispersion of the last Of the great armies
| of the rebellion--the army Of General
Lee. Thus 1t is probable that Louisiana,
Mississippi, North Carolina and every other
rebellious State to which the emancipation
proclamation was applied will be kept out Of
the Union until there shall have been recon-
struction Of the State constitution Of each of
said States recognizing and enforcing the sbo-
lition of slavery. Emancipation or separa-
ton was, from the beginning, the abolition
platform, and 70 the extent Of the power Of the
radical faction in the government every rebel
lious State will be required, in returning to the
Union, 10 pass In by the side door Of eman.
cipation.
We are not, therefore, very sanguine Of the
restoration Of the Union under Mr.. Lincoln's
administration. Between the emancipation ul-
timatum Of the abolition radicals and the South
ern independence or peace-at-any-p price move
ments Of the copperhcads, the task Of re.estab.
fishing the Union will, in oil probability, have
10 be settled BY the people in next years Pre-
sidential election. Anticipating this event, we
also expect that the people, by an overwhelm
ing majority in every loyal State west OF Mas
sachusstts and Vermont, Will declare for Pre-
sident In favor Of the full recognition Of Ten
nessec. Mississippi, Louisiana, South Carolina
&c. rs States restored to the Union with the
suppression Of the rebel forces and authorit!
therein. and with the submission Of said States
respectively, and with or without the institution
OF slavery, as the case may be, and without auI