The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-03-09

against copperhead secret society, known as K.
G. c., or Knights Of the Golden Circle. He warns
oil loyal men to shun this nest Of traitors it is
his intention to hunt the rebel rata who compose
the order from their holes and hiding places, and
to mete out to them the punishment they deserve.
Owing to the absence Of pennies, the grocers Of
New Haven, Connecticut, are giving nutmegs for
change. Whether the article is genuine or manu-
featured is not stated.
The gold market queter Saturday, the fuctua-
tisns less violent, and tho price higher 1t closed at
about 1856 Exchange closed at Ito 172 Stocks opened
duh and weaker, but closed strong at an advance,
Pacific Mail having risen 3K cent in the course Of the
day Money easy stocks at 6per cent per annum
On gold I he banks lending par.
President Lincoln, His Powers, His Re-
spOnsfbfi titles and His Danger.
President Lincoln has been invested by Con-
gross with the extraordinary powers Of tenn
porary dictatorship. With his existing land
forces OF seven hundred thousand men, the
finest body Of soldiers, the largest disciplined
army andthe best appointed which any nation
in the world has ever brought into the field, he
has the power, if they are needed, to call out
two or three millions more from the militia
reserves of the loyal States. With s.navy,
fresh aad salt water, equal to land force of
half million Of men, he has the power, If
deemed necessary, to add to the naval branch
of the service q thousand private armed
steamers and sailing vessels. He has almost
unlimited power over the finances and currency
of the country; he has the power to declare an
absolute suspension for the time being Of the
writ Of habeas corpus In all cases affecting the
government; and, with all these and other
powers which he possesses, he has the men, the
ways and means, the forces and resources at
his command, fully competent, within six
months, to put an end to the rebellion, and to
re-estahlish the supreme authority of the Uni
ted States from Virginia to Texas
And this is what the loyal States demand, and
have the right to expect, At his hands-the sup
preston Of the rebellion within the next six
months. There must be no more triHng no
more joking, no more temporizing with blunder-
ing subordinates, civil or military, In tho Cabi-
net or elsewhere. The war must now be ear
nestly pushed forward to decisive victories; and
il the present Cabinet Is unequal to the task 1t
must be reorganized to meet the necessities Of
the crisis These things, we cay, must be done,
if required, to secure vigorous and effective
prosecution Of the war; for the public mind Of
the loyal States il terribly in earnest in regard
10 this subject. The broad and general popular
reaction in the loysi States in their elections Of
last autumn against the administration was pro-
duced by the fsllics and blunders 1t Washing
ton, which resulted In our depressing army dis
asters Of June, July and August last President
Lincoln was right when he subsequently de-
clared that the all-important thing required for
the restoration of public confidence in his Cabi-
net is military success" He has the men, tho
means and the powers at his command to secure
"military success" and without series Of great
successes in the interval there will be popu-
lar revulsion against him, as the responsible
head Of the government, in the next autumn
elections, which will bring him into irreparable
disgrace.
The verdict Of the people will be 50 over
whslming against him, with the repetition this
year Of anything like the military plumbers,
aisappointments and disasters of last year, that
Congress will be compelled to respond to the
public judgment of the country. The House Of
Representatives, from the pressure Of public
opinion, will be constrained to institute arti-
Giles Of impeachment against him, and the Sc
nate, though controlled by majority Of his
own party, will not be able to refuse trial Or
to resist a judgment Of inability" on the part
of the President Ito discharge the powers and
duties Of his Office" In the event Of such .
judgment, the duties of his Office I" will de-
volve upon the Vice President" and Mr..
Hamlin has the reputation of man Of great
experience in public life, and Of more than or
binary administrative ability. We know that
he is set down as a radical republican. Mr..
Lincoln is o conservative; and we believe that
be would have pursued, with any encourage
ment from his controlling party in Congress, .
sound conservative war policy to this day; but
still his failure by next autumn to put down
this rebellion, with the overwhelming means
and powers at his command, may result in his
removal and in the promotion Of the Vice Pre-
sident to bis place, and on the broad consti-
tutional ground Of Mr.. Lncolns "inability to dis
charge the powers and duties" of his Office.
We are in the midst Of . mighty revolution,
which Is stirring the public mind to strange
connections, not only here, but throughout the
civilized world. ave knew not what day
may bring FORTH" but We do know, from the
premonitory symptoms Of the Northern cleo
tions Of last fall, and we know from the present
agitation Of the public mind throughout the
loyal States, that the only safety to President
Lincoln and his administration depends upon .
vigorous, earnest, consistent, harmonious and
successful prosecution Of the war in the inter-
val to the elections Of next October and No
vember. Let him act accordingly, and II his
Cabinet, as now constituted, stands In the way,
let 1t be instantly reorganized, and let him pro-
coed to exercise the enormous responsibilities