, 1864-11-13
COFPEHeI1EAD EPECULA.
TxONS.
Tho New York Worlds ProGnoatlca-
UOnKa =.

tons.
Correspondents Now York uernld.1
WAsu1soro,a, Nov. 8, 1861.
coscEnylFo PEACE PROPOSITIONS TO TIE
Among the subjects now on the tapts Is tile
probable offer Of terms Of peace to the Con-
federates. The pledge made by Judge Pierre
pont at the recent Lincoln war meeting In
New York, that the President would make d
determined effort for an honorable pence I'M
mediately after nis reelection I'll probably
follows the advice Of the more moderate poll
ticians that surround him, that the prot1er Of
peace will be made through formal commits
sion to Richmond, not to dictate terms, but
to suggest and confer with Davis and his u.s.
socintes rs to what terms trcy will be willing
offer, It is believed, wi9 be guaranty Of all
the rights Of the Southern States under the
Constitution, with the exception Of those re-
lating to the Institution Of domestic slavery.
II the rebel chiefs will consent to make pro-
vision for the emancipation Of the slaves, some
beno difficulty In re- re-establishIngtheU Unlon, not
exactly Us 1t was, but in some measure as the
radicals think 1t ought to be. Among the gen
tlcmen spoken Of In connection with this mis-
sion, are Hons. Edward Everett, and VIM. 81.
Eyarts, Gen. Daniel E, sickles, Gen. John a.
LUEuL, JuuSG 1lcEGtpuMt, Auu l4uIlo" .HeCus
The scheme, as discussed In political circles, in
wolves the appointment Of Gen. Mcclellan to
a command In the army, and IN order for q
draft OF three hundred thousand more men,
SO that when the commission reaches Rich.
mond the rebels may have 1t to understand
that ell effort Is to be made to unite the North
and to strengthen all our armies, SO that II
the negotiations fall. war can be continued
with more vigor than ever.
CABINET spEft,r Ar1Oys
give you these speculatIons as they orc
current tn political circles here, without, how
ever, youching for their accuracy. It Is un-
dcrstood that new cabinet is to be organiz-
ed Immediately after Congress resumes It's sit
ting in December. The programme Is for
vacant Enthusiastically Of the Supreme Court,
ind for General Butler or General Banks to
takc>hls place; Secretary Wcllcs To be re-
placed by some younger and more energetic
officer, probably Que Of our unemployed
Conlmodorca or Reat-Adlnirals. Mr.. Fcssen-
they have all along occupied. In any ovont,
It Is understood TINT Mr.. Seward Ia to be the
Presidents adviser end to occupy the positic.::
he l1as always coyotcd, Of the powe: behind
thc throno-.as great, Il not greatcr, that the
throne ITSELF
THE FINANCIAL ro1lCr.
With regard to The financial policy Of the
NOtNEuIHQnlf IL ID u!NGfetD0N LnRl sMfA 6G6a
scndcn. A. tho coming acssiou. or Congrcss,
will propose most vigorous scheme OF TAXA.
tion.. A determined effort Will 10 snado to
| cut dawn tho expenditures OF tho war and
navy department, willie ti,r tho support Of thu
public finances nioat i!t!leas scltoino Of tax.
alton WILL Do introduced and cnrriad through.
II ~ considered Indispensable for the auecaAa.
f,l prosecution Of The War that thero ato'il'l
he no further laauo Of currency, and that VI
should pay a. W. 20 IT wa would maintain Tho
credit Of The government nn!mpairel., Mr..
Feeaeudcn las an honorable ambition IN ~
| doem tho finances Of tho government, which
,Eero plunged into almost hoIalesa tll&oTdar by
hi4pradecssao!, and can aea no other way nt
dotlig 80 than ty good, honeat, vigorous taxa.
tlon. AZ tltero will bo no appeal to tho puo-
ply for Two ycars TO come, and as Tho scnata
II Republican In any event for four yeara, tlla
adntnlstrattou will have no hesitation In pl.t-
ting In forco q taxation comlnctiaurato Will,
tl1o wanta Of thu government. lilo special
war tax of l>er cont nn Tho Incomes Of 1867
will doubtless l,u !cv!ctl immediately.
SPECTATOR,