The New York herald., 1864-08-26

AUGUST 2G, 1854.
LincoIn's attention would seem, in this matter,
to have been engrossed by his esGnpaign
against the nominee Of Chicago. AAnoble
| project, planned by the greatest soldier Of
| modern days, is utterly ruined and rendered
mere useless waste of life, because, forsooth,
the President cannot afford to have any cause
Of difference or irritation" with General
Butler, "at least until after the next election"
In how many other cases for which the Secre-
tary Of War and General Halleck have been
blamed true history Of the circumstances
would sufhce to remove the responsibility
from their shoulders we can only conjecture.
The truth must one day or the other come to
light and then the party properly responsible
will be held to dread account for the calami-
ties of the nation. General Burnside, who
should in person have commanded the Ninth
army corps, was not, it is alleged, anywhere
near bis command at the time Of the mines
explosion. The same remark Il also made in
reference to General Meade, who should have
had charge in person of the whole assaulting
column. Burnside defends himself by saying
il was General Meade's business to be present,
and not his; while Meade retorts on General
Burnside with you're another" Who that
ows anything Of '.Baldy" Smith, however,
can question that. il be had been in command.
the result would have been widely different?
He is not that class of officer who tries to shift
from bis own shoulders to those OF another
general the commaBd of his troops, be they an
army corps or an army, in the hour Of assault.
and battle.
Wall Street and tho Peace Agitation.
The political question of an armistice
promises to exercise considerable influence
upon financial affairs Already the capitalists,
bankers and stockholders of the country are
beginning to discuss the prospects Of peace
aud to some extent prepare for the possible
contingency we have indicated. The course Of
tue stock market during the last few days
shows that the moneyed interests OF the coun
try are quick to respond to whatever looks to
cessation Of hossilities between the contendng
armies, with view to peace negotiations.
Men are beginning to think and speak as they
never did before since this war began on the
important subject now agltating the public
mind. They feel, under the pressure Of the tax
law and tariff now in force, and the prospect
of still heavier taxation in the future that their
individual Interests must suffer more than they
have yet done, and that in proportion to tcs
length Of the wars duration their wealth viii
be likely to diminish. Property of all kinds
will undergo depreciation correspondent with
that OF the currency, while no compensating
advantages will be gained to lessen the severity
of the burdens they will have to bear.
But an armisticeis purely political ques-
ton. it is one over which the people have little
or no control. It depends upon what the gov
crnment chooses to do. and just now the great
subject absorbing its attention is who shall be
the next President. Politicians are busily
schemng, not for their countrys good. but in
order to promote their own party and personal
interests. The capitalists of the land may talk
gravely upon the expediency or probability Of
an armistice. but Mr.. Lincoln is likely to make
a joke Of il. What is the Importance OF an
armistce to him compared with that Of the
resnlt Of the Baltimore nomination "a.
II we want to find men who are really serv
not the Cabinet. Grant Sherman and Sheri-
dan are paving the way to peace in the surest
manner by striving TO defeat the enemy.
Grant will do more to hring us peace
than Lincoln, and he is fighting hard for
it. The position he now holds is oae indis-
pensable to Lee, and Grant means to hold
it against him and make it the key to
tha cart,tro of Richunpl and army
The position the two generals now occupy
towards each other reminds US Of one OF
those BATTLES we have read OF in ancient
history. where the commander OF one army
said to that Of the other, occupying position
from which it was the object of the enemy to
drive it, why. il YOU are the great general
they say you are, don't you come out aud fight
me?' To which the other very apt.y replied,
'4Why, if you are the great general the barba-
rians say you are, don't you come out aud
make me 6gbts" And Grant means to make
Lee come out and fight him; failing which he
has the rebellion at his mercy. We simply
make this illustration to show how much
more our soldiers are doing to bring about II
peace than our politicians. That the prospecs
OF something being done before long which
will be likely TO lead to peace engages the
public mind, and is even anxious'y hoped for.
cannot be doubted. The people are beginning
to think about ! return to specie paying aud
peace prices. Government gold bearing secu-
rites are in the ascendant; railway shares have
declined from the same cause, and with the
progress Of events sharp fall in gold is anti
cpated When rumors of peace till toe air,
| and financial men are not insensible to them,
| it is wei! to remember that coming events
| cast their shadows before"
| INDIAN OUTRAGEs AND THEIR SUPPREssIoN--