The New York herald., 1863-03-04

- NV AoFo snau bikty ounces ~ ono pHyu0usv
and on the lst Of May, 1928, in the current
gold ooin Of the realm. But the public oonf-
denoe being restored, tho Bank anticipated the
law by two years, and paid in coin, May /, 1921
Does MIR. Chase want another historical exam
pie TO show him what to do. Here ia a notable
one to his hand. When Napoleon took hold Of
the republic Of France, going to pieces by its in
tsrnal dssensons and by the breaking down of
its financial system, which our Secretary Of the
Treasury appears to have 80 closely copied, what
was his 6rst step. 1t was to abandon assignats
and mandats and to resume specie payment; and
with gold alone he carried on his future gigantic
wars with England and the combined Continent
OF Europe for apsri0d Of twelve years. Why
cannot this example be initiated by the United
States, with it's vast gold mines, which Napoleon
did not possess, and with an amount of CON-
mercial and mercantile business with which
similar transactions in France at that time
could not begin to compare in magnitude.
What is to prevent Secretary Chase from thus
restoring the currency to its normal condition.
and re-establishing the national credit upon an
immovable basis! Nothing whatever, and the
country will hold him responsible II he fails
-----
The INsURRECrON IN P0LAHD.-By the latest
advices from Europe 1t is evident the Polish in
| surrection has assumed most formidable proper
tions. The most important fact announced is
that Russia and Prussia have made an engage
ment whereby the latter Power allows Russian
troops to pass over her territories--a fast which
foreshadows that Prussia will cooperate with
| the Gar to put down a rebellion which bids
| fair to deprive her of her share of Poland
proper 1t is added that the Cabinets of St.
James, the Tgileries and Vienna haye taken
umbrage at the understanding which seems
to exist upon this subject between Russia
and Prussia, and that Napoleon is already
c0ncocting q despatch to the Prussan gov
ernment, showing how great is his regret
that Prussia should depart from the principle
of non-intervention. Of course this will come
with good grace from the sovereign who has
been vainly endeavoring to persuade the
great Powers to back him up in his schemes for
Intervention in our affairs 1t is evident that all
Europe will feel the influence of this great and
sustained revolutionary movement in Poland,
and that Napoleon will find scope for his
energies quite near at home. This will leave us to
deal with our troubles without any undue mod
ding, as we shall now hear no more of Napo-
Icons mediation, save in . pacific manner
We shall await further details Of the Polish in
surrection with anxiety
The PAPER DuTY.LWe see that a resolution
reported to the House of Representatives by
Mr. Morrill,. one ofthe members from New Eng
land, reducing the duty on paper from thirty
five to twenty per cent, has passed without op-
position. This shows that il . reduction to ten
per cent or even less had been recommended
it would have been easily carried The amount
fixed is q compromise which will satisfy none
of the interests affected save those of the mono
polists, and which will not put dollar more
in the Treasury. Iu the article of schooibooks,
which it il SO important to produce at the
lowest possible rates, it will make scarcely
any appreciable difference, whilst the relief to
the newspapers will be nothing at ALL inasmuch
as the new duty will exclude competition from
foreign sources almost AS efiectually AS did the
old. Individually, we care nothing about the
matter, having taken care TO provide against
the results Of the combination entered into by
the papermakers. Our contemporaries, who
have not been in position to do this, must not
fatter themselves that the new rate of duty is
going to give them much relief It leaves them
nearly as much at the mercy Of the monopolists
as under the higher tariff, and will grind great
many Of them out Of existence. Such is the in
6usnce Of money on national legislation.
Had the papermakers been less abundantly
provided in this regard, the interests Of educa-
tion and progress might have had chance of
making themselves heard.
The NEw UNITED STATES SENArE.--The cleo
tions for the United States Senate are so ar
ranged by that body in classes-lirst, second and
third with the admission of new States-that
about one-third of the whole body go out every
two years, with the election of a new House Of
Representative. Thus the Senate which meets
to-day may be called new Senate, for the new
Congress which regularly meets in December
next. This new Senate consists of forty-eght
members and two vacancies, which, when
lod will liz ha full niat;, e.