The New York herald., 1864-09-27

Usited States ef ODlo0bA wcre such - 70 greatly In
ssrsss trsas md ooansros
me board q Aldsrma nss yesterday end sraasAotsl
. large amount ef businsss. conmunoasen was rs-
esivsd from the Mayer rsatvs the fas boiling nusnos
sonpaissd Of By City inspector Bools In which his
Hsaor declined calling the Board Of Health together
the grosnd thai probably would bs the II isg
tmatsing ahsstosr and involve vast outlay ooy 20
up the msmaaagsmsus Of tie street Department
1n view Of the late national victories BY land and il
was resolved that - committee b appointed 70 make
arrangements for Illuminating the public buldiogs a a.
early day.
The Board of Councmen met yesterday and conourred
with the Aldermen In appointing special committee Of
fve 70 make arrangements for general illumination Of
a the public budngs TO celebrate the recent victories
achieved by the Union Land and They also
adopted number OF resolutions appointing certain ooa
sions holding the polls at the approaching election,
which were passed BY other Board Tho message
tho Mayor recommending the passage Of ordinance
prohibiting FAT boiling establishments referred TO the
Committee on Public Health. number Of reports of
committees REFERRED and after passage OF few
upimpsstAat genera, orders the Board adjourned
me three remaining suits oomnenoed against Manager
crau ~ rauiius Csssi, ths Naian opera siassr for
breach or contract hescl yesterday before Judge
AEsr In the Narns Court Tho cohplasnt was ~ sas
that used In the sornsr sctioq, aAd s defence only
varied m this respect, that the plaintiff had several
opportunities TO employment her rupture with
Grau. and should have avAisd herself Of the chances
instead OF remaining in ideness. Tho Judge took the
papers and promised render his decision early
day.
The City Inspector reports 4oT deaths occurring
the city during the week ending tie 2sth Of sepem
bera decrease OF ss as compared with the mortality Of
the week previous and so than occurred during the
corresponding week last year
The salt Lake Daily Telegraph Of August e says that
the express which left Virginia City the morning OF
the 18th stepped by four "road agents." and the
passengers robbed OF s23. 700 gold dust and oon.
The Decline In Gold-The Policy or the
Administratfon.
The victories (under General Grants combi-
nations) of Sherman, Farragut and Sheridan
have carried terror into the councils Of the
rebel chiefs at Richmond, and CONSERVATION
among the gold gamblers of Wall street AZ
the armies OF JEFF. Davis in the South are
borne down from the 'front.' his rear guard in
the North is compel ell to beat hasty retreat
Thus for example, General Sheridan. by his
recent brilliant operations in the distant
Shenandoah valley, has not only uncovered
Richmond and JEFF. Davis on the north and
west, but has fanked the active legions of his
financial emissaries, guerllas and allies in New
York-uneai thed them and put them to fight.
The rapid decline in gold Of the last few
days is the work Of our gallant soldiers and
sailors in the field. Their victories have ut
last in reality broken the backbone of
the rebellion, and, in dissipating all doubts
in the loyal States as to the complete success of
the Union cause, they have re-established the
public confidence in the national credit and the
national currency. A decline in gold is simply
an advance in the value OF 'greenbacks." The
present advance, if maintained from their
lowest fall is equivalent to saving Of three
hundred millions to the Treasury, and a rcduc-
ton to the army and the people OF at least
twenty per cent in all the costs Of living The
prices cf breadstuffs. meats and provisions OF
all kinds, groceries. dry goods, coal and every
thing entering into the expenses Of every
family and individual in the land, will 60
down as gold goes down, and gold will GO
down as the rebellion goes down, till some
thing like the real value of the government
currency 10 reached with the final overthrow OF
JEFF. Davis.
The good work already accomplished against
the gold gamblers is the work Of our practical
peacenakers OF the army and navy But for
the timely interposition Of Sherman, Farragut
and Sheridan, the fnanciering Of the admins
tration would have carried US nearer and
nearer general collapse. There was steady
depreciation Of the currency, for which the
remedy adopted was IN increase Of paper
issues, which, instead OF extipguishing was only
adding fuel to the fire. Such was the 6nan-
ciering system of Mr.. Secretary Chase. His
successor, Mr.. Fessenden, has not much i'm
proved upon it; for, at best, he appears to have
been waiting like Mcawber, Cor something
to turn up"
He need not wait any longer. Grant, Sher-
man, Farragut and Sheridan have come to his
rescue, and have extricated him from the Dis
NAL Swamp Of his embarrassments. Mr.. Fes-
sender may now boldly proceed to do some
thing himself in support OF the army and navy,
fer the relief Of the Treasury and the people.
He may, by funding considerable portion OF
his paper currency, so far increase the specie
value OF the remainder a. to save additional
hundreds Of millions TO the Treasury aud TO
the people. Mr.. Fessenden should try this ex
pertinent Of a contraction OF his paper curren-
cy, the dangerous folly OF Mr.. Chases expert
mental bubble OF imitation having been fully
proved. We can hardly imagine that the
Treasury cannot now get on,with pretty large
reduction Of this 'greenback" circulation, con-
sidering that from our internal revenue taxes
alone Mr.. Fessenden is receiving some three
hundred and ffty millions year.
As Honest Old Abe said to the late Postmas-
ter General Blair the other day, We may now
say TO the ADMINISTRATION, "the time has come
for action The Treasury Department must
be made TO do its sbare Of the work 70 bring
this rebellion to a close, and experience and
Tho opnortunitv mint ont the special work re-