The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-08-10


| at the same date was dull and unchanged. The
sales of the day we're 200 bales. The breadstuiis
markets were very dull, with no change to notice.
Provisions and produce were generally steady.
We give in another column the vote for Cover
nor in twenty-one counties of Kentucky, and
| compare the returns with those of 1859. when Be-
State. It will be that there is great falling
OFF in the VOTE but not more all things being
considered, than might reasonably have been ex-
pected.
If Gen. Grant had retained the rebel officers
who surrendered at vicksburg, instead of parol-
ing them, we would have had now in our hands
over four thousand of the enemy's commissioned
officers.
There are now in the Yazoo river and it's tribu-
tary streams thirty-two wrecks of Mississippi
steamboats, and gunboats, which have been de-
stroyed by the rebels to prevent them from falling
into our hands since the commencement Of the
year 1862.
All the journals in Washington closed their Of
fees on the Presidents Thanksgiving day, except
Forney's Chronicle, Mr.. Lincoln's pet organ.
The conservative democrats of Ohio are begin
ming to feel that heavy load was placed upon their
shoulders when they permitted the copperheads
to elevate Clement L. Vallandigham to the posi-.
ton of party leader.
The gold coinage at the Philadelphia Mint dur
ing July was $l63 ,l04 80, almost all in double
eagles. The silver coinage, almost all half dol
lars, was $25 500 u. and of cents $25 000 making
total coinage of 1858, 784 pieces, of the value
of $2l3 sos 60.
Mackerel of the finest quality are caught in
great numbers in the Newburyport (Mass.) bay.
The stock market opened weak and fraction lower
Saturday but closed better though rather dull Gold
fell to l26h, and exchange TO 139. Money album
dant call loans, per cent. The notion Of activity
In the money market Ia baseless.
The cotton market decidedly lower ON Saturday.
Prices Of middlings have been quoted high CSC.
a &C.,, with sales Of l 800 bales. moderate bust
reported in breadstufs, which generally
cheaper Pork, lard, cut meats, sugars and whiskey
n better request Hay and tallow in fair de-.
mand. Other articles we're quiet. Frcights dull
The Administered i0n and the Union Ques.
Ition-Mr. Seward Versus Mr.. Chase.
There is "an irrepressible conflict" in the
Cabinet on the question of the restoration Of
the Union. Mr.. Seward, representing the con-
sentative wing Of the republican party, is in
favor of q liberal amnesty to the rebels, and for
the rehabilitation of the rebellious States as
members of the Union, without further cere-
mony than the return, on their part. of their
representatives to the two houses Of Congress.
Mr.. Chase, on the other hand, goes for recon
abolition Of slavery in the rebellious States
as the indispensable condition Of their restora-
ton. The President is said to be halting be-
tween these two different plans of action; but
from what has already been done in regard to
slavery we may guess what is to come.
What Henry Clay was to the old whig party
Mr.. Seward was to the republican party down
to the meeting of the Chicago Convention Of
1s6O-the founder, apostle and leader Of the
organization. and the man whose claims as its
Presidential candidate were paramount. But
Chase, of Ohio; Cameron, of Pennsylvania,
and Bates, of Missouri, had each q conside-
rable body Of supporters. They were all,
however, set aside by the nomination of
Abraham Lincoln. Adopted and elected by
all the factions concerned as q compromise, 1t
was natural that Mr.. Lincoln, on bis part, should
next try the virtues Of compromise in the
selection of his ministerial family.
Accordingly Mr.. Seward, Mr.. Chase, Mr..
Cameron and Mr.. Bates were all appointed to
the Cabinet; but in the general estimation of
his party, and Of the country, as the Prime
Minister and ruling spirit of the administration,
Mr. Seward, like King Saul among the Israel
ties, stood head and shoulders above his fell
lows But Secretary Chase now rules the
tbo
who modestly contents himself with back
seat in the Cabinet councils. How are
we to account for this? Mr.. Chase's
initatory loan Of hundred and fifty
millions of dollars from the New York
banks will settle the mystery at once. He
thus secured the great financial and COM
mercial interests Of the country and all their
extensive affiliations; and having gained this
important point, he next proceeded to show
his power in the administration and his hand on
the slavery question as Presidential can
didate.
What could Mr.. Seward do against the head
Of the Treasury, giving shape, substance and
direction to the financial measures Of the
government. involving expenditures Of hun
dreds and thousands of millions of dollars
Thus, upon the money question alone, Mr..
Chase soon became the master spirit Of the
Cabinet; and this influence Of his has doubtless
given greater strength to the radical abolition
faction in Congress and in the country than
they have given to their ambitious favorite as
member of the Cabinet. At all events, the
radicals, with Mr.. Chase as their pilot and
| standard bearer, have succeeded, 80 far, In all
\ their measures on the slavery question, leaving
to Mr.. Seward only the duty Of acquicscencc,
after feeble and imid opposition TO this
scheme, that scheme and the other. Thus, In
Mr.. Stewards extensive diplomatic CORES
pondencc of the last two years, We end him at
one time denouncing the abolition scheme Of q
general emancipation OF the slaves Of the South,
and at another time earnestly defending the
Il