The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-01-27
IMPORTANT FROM WASHINGTON.
The Radical Programme for the
Prosecution OF the War.
Passage Of the Finance Bill in
the House.
Re-, 1e., xs.

VIGOROUS PROSECUTION or THE WAR UNTIL MAY
GENERAL HOOKER TO ATTACK RIcnx,ND-RosE
GRAMS TO BE HEAVILY ACKNOWLEDGEMENTS
AND PORT HUDSON TO BIZ ATTACKED BY OVER
wHELMING FoRCEs-THE MISSISSIPPI TO BIZ
CLEARED OF THE ESENy-THEsE PLANS FAILING,
THE RADICALS WILL ACCEPT THE MEDIATION OF
NAPOLEON AND RECOGNIZE THE SOUTH, THEY TO
PROMISE GRADUAL EMANCIPATION, ETC.
WASHINGTON, Jan. 25, 1863.
The following details obtained from political and diplo-
mite sources, will doubtless prove OF interest The
radicals foreseeng that il is impossible for them 10 con-
tinue the until the end Of President Lincohs term
OF Off 70 many months the people would refuse
them either treasure men, have adopted plan which
VIII render a peace probable before midsummer. The
appointment of General Hooker TO the command Of the
Army OF the Potomac in place OF General Burnside,
who rss 5, part Of tho plan above mentioned The
radicals Ia We determined prosecute the with the
greatest vgor fof he next three four months and
hence may expect prompt action the part Of
the commander. who will have an opportunity to
distinguish himself should he possess the necessary quail
ncations for handling so large an army a. he
now has the direction Of. We are all aware
that General Hooker has the dash, the mpetuous
courage to carry out his plans Whether he has the mill
tary genius 10 form effective plans time alone win show
But thing certain: the Generals instructions all
in keeping with his daring disposition. In the West
General Rosecrans win be heavily reinforced, and an
army sufficient in numbers to successfully attack vcks
burg and Port Hudson win be against those places
strong effort will be made TO conquer Richmond clear
the Mississippi and thus drive the rebels to for peace
within the next three months.
While this phase Of the radical programme will be
going here agents Of the government will visit
Europe for the purpose of comforting with The Emperor OF
the French regards the mediation Of the European
Powers between the North and South 1t is supposed by
the radicals that Napoleon could easily induce other
nations to join him in offer for intervention II they
beforehand that government would accept
their preferred services. Is intended by the radicals
that condition OF their recognizing tho South shall
agree TO a plan Of gradual emancipation the North
making Ike agreement to those portions Of slave
holding territory which, by the division or the country
would remain under the Washington government The
abotionists deem that the South refuse such
conditions t would be placed without the pale Of oivza
ton and that then effort - conquer the Shareholders
would surely succeed The suspense will be but OF short
duration Between now and the month Of May We shall
know whether we are to have peace conquered by
arms or peace by the mediation Of foreign Powers
Tho new commander Of the Army Of the Potomac has
certainly great advantage The plans laid down by
General Mcclellan have only to be properly carried
for success to ensue. What these plans
General Hooker, Of course, Is well aware.
He thus has his marked out beforehand.
Our people appreciate that had General Mcclellan
been untrammelled by the schemes and intrgues Of g
norant civilians he would long this have ended the
General Hooker win TO great extent be free from
the obstacles which rendered all Of General McCeans
well conceived plans unsuccessful the radicals
aware snis their last chance The commander
viii thus have great advantage his predecessors
and from the fact that he will be allowed to act
according 70 his own Judgment, he will the likely
succeed
should bis efforts prove unavang fresh disasters
overtake armies hopes of the radicals will centre
u7on Napoleon whose mediation they viii then accept.
There feature in this plan which not be
ooked-it rds Napoleon or great danger that is Of
recognizing the Southern confc6eracy the risk Of
war with the North. or course tho moment he fore
that within few months he may be asked TO mediate
he will before precptatng events await the results of
the vigorous campaign which the radicals have decided
upon. He win let the spring pass by, at its termna
tion either tho South win have been conquered or the
North will be ready to accept his Intervention.
radicals have little faith the results Of
campaign may be presumed from the fact that they lay
much upon mediation They have already decided
upon what portions Of territory in possession
should be coded to the South in for
made by the Davis necessary to the sassc
tory arrangement the division line. The radicals
upon the resumption Of commercial transactions between
the Two countries we moment the mediation accepted
and imagine that tho people would easily fall the pro
posed arrangement for the sake Of peace and its
quent prosperity They hope that after tho separation
Of North and South their tenure OF power in the North
would remain firm. As regards the debts incurred b.
both parties in case Of separation each government
would attend TO its own Indebtedness, OF course.
From these plans we may safely venture to predict
cessation Of hostilities, at least by midsummer. Tn
radicals that unless this campaign
the for any further prosecution Of the wou
beou OF their reach; added to which, they in grea
fear Of revolution throughout the North and West, tn
people by this time being tired Of abolition and it
shining marks, and unwilling 70 do anything 70
shem their idol-the negro.
PASSAGE OF THE FINANCE BILL IN THE HOUSE.
The Finance bill passed by the House to-day, will
only unmporant alterations from the bill perfect
ed in Committee OF the Whole Friday. Mr. Sherman
introduced In tho Senate to-day finance bill, and M
doubt attempt will be made tack its principal fea
upon the House bill Mr. Sher bill is dentica
with that Of Mr.. Hooper. 1t Is thought by tina
thorc viii be good deal OF financial tinkering done thu
Senate
The passage Of the Ways and Means Commuters II
bill has already produced here perceptble ina
ton Of prices Large transactions have been made IL
almost every kind OF commodity and at increased prices
The impression is that the passage OF this bill will carry
values 10 an enormous extent There were great many
purchasers for gold in the market to-day aud sales
made % the amount Of million OF dollars, chiefly al
fifty four premium II is probable that the Senate will
make very material amendments the bill that passed
the House. but the prospect that will be very
large imitation OF the currency and consequent aggrava
tou of prices.
GENERAL BUTLER AND THE WAR sEcRETARYsHIP.
An almost universal desire the part OF ardent friends
of the Union Of all political classification has been ex
pressed here within the last few days that General Ben
jamn Butler shall be called the position OF Secretary
of War as the best man under existing circumstances
inspire confidence both in the army and out o.
proper management Of tho military department Of tn
government There are many who would have preferro
General Banks for this position but since he has bee
OF cut Of reach nearly all who convinced that
change necessary have settled upon General Butler
the for the place and the times.
THE EFFORTS OF THE RADICALS TO Oct Mr.. SEW Ar
OUT OF THE CABINET.
Caucusiug never was so prevalent or so PERSISTENT