The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-01-10

Stocks again very active yesterday and prices
higher in many instances, though net uniformly
Tho market continued extremely active though not uni
form till the close Gold 70 1888, closing at 1879
bid. Demand sold at 1861, closing at 1867 bid
Exchange advanced to 16i a 1872 Money easy At
a 6 por cent.
The General MismaMagement OF the
War.
1t is rumored that the administration will ac-
cept the proffered resignation Of General Burn
side as commander Of the Army of the Potomac
as soon as his successor can be selected.
Really as it appears to US, any delay in this
selection is entirely unnecessary. The proper
general to succeed Burnside is undoubtedly the
general who preceded Burnside Major General
Mcclellan. The army and the people will
unanimously approve this choice. General
Burnside himself advises it, and, rs he appears to
be, with the exception Of the President, the
only honest man in or around Washington, we
candidly believe that his advice should be re
gsrded Burnside is good soldier, and would
be only too glad to resume his old command
under his old commander. The soldiers would
be excited to the highest pitch of enthusiasm at
the return of their favofite leader. The coun
try would accept the rsappointment Of
Mcclellan as q token OF repentance and a
pledge Of future good conduct on the part Of
the administration, and the public confidence
would be Immediately revived. In short,
verybOdy would be satisfied except the rebels,
the negro-worshippers and the two imbeciie
California lawyers who pretend to control the
War Department. From past experience, how
ever, we are forced to believe that the recall OF
Mcclellan is step too wise, judicious, popu-
lar, just, patriotic and necessary ever to be
taken by the present apology for an admins
tration.
Next to Mcclellan the most popular general
would probably be Rosecrans. But the people
Of the West would assuredly rise en- massc to
resist any attempt to sacrifice Rosecrans by
.uhjectng him to the deadly influence of the
upas tree al Washington. This narrows down
the choice, therefore, to two candidates. Gene
rails Franklin and Hooker. General Franklin
is, we understand. the favorite candidate with
those officers and soldiers who would have TO
serve under him Il he were appointed. General
Hooker is most vehemently urged by the radi-
fighter, he has not the confidence Of the army
as n commanding general, aud. like Burnside,
will be of the most service in 4 subordinate
position For these reasons, rs the administra
ton seems incapable Of doing anything proper
Ivy il is more than probable that Hooker and
not franklin, will be selected. In that case
another error will but be added to the already
long list of blunders and imbecilites. We hold
that the administration il wholly responsible
for every defeat and disaster during this war;
With the single exception Of Secretary Seward,
not one prominent Cabinet member has accom-
plished anything of real benefit TO the nation,
while most Of them have injured us more dan
gerousy than the rebels themselves Looking
at the administration as depicted by the sworn
evidence before the Congressional ommittee
on tho Fredericksburg accident before the
Mcdowell Court Of Inquiry and before tho Por-
ter Court Martial we are forced TO the conclu
sion that We have no administration al all.
themselves Secretaries; but they are only shall
low, silly pretenders. IL we have q Secre-
tsry OF the Treasury, why are not the
soldiers paid, aud why is gold at nearly
forty per cent premium II we have Secre-
tary of the Navy, why does one rebel vessel
control the seas? II we have Secretary of
War aud General Commanding, where is the
proof Of their efficiency in successfully plan
ming aud triumphantly conducting our cam
paignsy What movement have they ever ordered
that resulted in victory Why was Burnside
expected to look after his pontoons and sup
plies? Why do we always win battles ont West
when the telegraph line has been cut. and lose
them when instructions" are received from
Washington We are aware that we have a
President; for We saw his name recently at the
end Of proclamation OF emancipation.
But so long as this trayestie Of an admins.
traiion hold. together and insists upon assum.
Ing the control Of on army and navy, Il must
incur the responsible - involved in that as.
sumption. |, il unfair and unjus, to say that Gen
eral This Tha, or the Other is al fault. except
upon the most direct aud positive testimony.
endorsed by the punishment Of the offender
Our generals have enough TO endure from the
hardships and perils Of the field without being
blamed when they fail to achieve victories.
The natural presumption is, in the case of every
rcpulse, either at Richmond. fredericksburg
OF lie..burg, hat sAs sAss4aslgaliQA ID r.,