The New York herald., 1864-10-13

mated pon OF thai State viii be made.
The continued 6rmsoss In the gold market bsgot kin
dred feeling commercial circles yesterday, ana bold
OF merchandise generally nrmer ln their views
than thoy hsvo bses for time past In articles
slight advance established but there was no move
ment OF conss uenos any department Cotton was
cidedy lower Groceries stil nominal Petroleum
nrmcr. but quiet On Change the -four market
loc. l6c higher, with fair demand. Wheat advanced
&c 3d., with moderate demand Corn Was In fair do
mand, and armsr Oats In fair request, and Arm.
Pork was hrmsr. with . good demand Beef and lard
active. aud rather fcmer. whiskey was dull aud DO
pressed Fregb,s were duh.
the Rebellion I'm Its Last ThrOes-A RE-
action Coming.
The hour Of reaction and retrbution conse-
quent upon the speedy collapse OF the rebel
lion is fast approaching. The effects wilt not
be confined TO this country alone. Earope will
be involved also in the general crash. The
meddlers there are finding out that they cannot
play with fire and 60 unharmed They have been
encouraging the South In its inIquity and with
that selfsuficiency characteristic of the leading
classes of England, they supposed that the side
upon which their favor was dispensed was sure
to win. They therefore based their CONNER
cial operations for the past few years upon the
calculation that the South would gain It's indie
pendence; but now they are beginning to dis
cover that they started on a false basis, for
they behold the rebellion crumbling, and all
their hopes of . dismembermcnt Of the republic
likely to be transformed into . financial panic
at home.
The steamer which arrived here from Europe
yesterday brings news of the commencement
of this disaster. There have been several heavy
failures in Elgland, and there is no doubt that
plenty moro will follow. The treacherous con-
duct OF British statesmen towards this govern.
ment during this war deserves retribution. an d
it will assuredly como before long. But the
scverest reaction will be felt here when the
war is ovcr. The philosophy of history teaches
that the laws which govern society differ little
from those which govern nature. ia the rule
that the storm follows the calm as surely o.
the calm succeeds the storm. We enjoyed a
quiet existence Of three-quartsrs Of a century;
bat the storm broke out at last. It is nearly
exhausted now. and then will come calm,
in which mems minds will be set to
thinking about the cause Of our calamity, and
they will not 6nd II difficult to trace it to the
two classes Of men who have inflamod the
popular mind until insurrecton on the one
side, and gigantic effort to repress it on the
other, became inevitable. The abolitionlsts or
the North and the secession leaders OF the
South are responsible for this grieveus misfor-
tune. They excited the passions Of the people
in both sections Of the country to degree that
harmony between thom yas an impossibili!y.
Tl,or~n IA.
nifty that nothing but blood couid ailsy. For
period Of three years and q half war has been
dcsolaSing tue land but we are very near Its ter
minatton now. The broken, dispirited and de-
pleted armies Of the rebellion give signs Of its
approaching end; and as certain as the last blow
is struck by the soldiers OF JEFF. Davis and
peace is again restored will there come fear
full reaction for the authors Of the war, both
North and South. Such men as Wendell Phil
lips, Garrison. Bcecher, Greeley and their con-
federates Of the abolition school, and JEFF.
Davis, Toombs, Cobb and the surviving lead.
ers Of the rebellion, will be made TO feel the
Indignation of the people; and il they escape
the instant punishment OF their crimes il will
on:J be to hurry into exile. for neither the
North nor the S6uln MI! abide their presence.
Tho history Of all revolutions CONTAINS
warning to fanatics and extremists Of this class.
Riding triumpbautly, a. they always do, upon
the loft!est cloud. while the storm which they
have raised Is at its height-pitiless, exacting
aud cruel 10 all their adversaries-neyer con
tent with anything less than the seversst mea-
s,lres. when the calm comes they are surely the
frst 10 suffer. 1t was so when the fanaticism
Of the Pnritaus. 10 the time OF the First
Charles, converted tbs cause of civil liberty
into an excuse for excesses that brought bitter
traits to themselves afterwards. when the re-
storatiou was accomplished and the day Of
vengeance had COM. The gibbet aud the
stake were the doom Of many Of the most violent
fanatics who had provoked the revolution,
while the very graves of the regicides were
robbed to furnish victims for tho Nemesis OF
tho new monarchy.
Tue lesson OF the French Revolution ought
not to have been lost upon the extremists OF
this country. They should have remembered
that the most violent Of the Jacobins, the men
who arraigned the GIrondists-the conserva-
tives Of that time, men who desired more liberty
but less blood-for their moderation, were
the victims Of the reaction; that while Dam
ton, Marat aud Desmoulins, who had excited
the passions Of tho populace and established
the bloodthirsty club Of the Cords'isrs, de-
mandsd The sacrifice q the Prissot aud verug-
inland and Gaudst. they were themselves dos
tined TO the Same fate. Aarat, who clamored
in the name Of liberty. 10 the columns Of the
Amt du Psspls, for HOLOCAUST q two hundred
and sevSnIy thousand heads. fsll victim to
The popular will by Tho bands Of . resolute
girl, thus surrsndsrlng llls whioh 1As .
misery TO himself and curse 10 France Des-