The New York herald., 1865-03-16

third degree he having In connection with man named
desperate Mike" broken into liquor store in Worth
street. the 2sth Of February and stolen thererom
quantity Of svor oon. which found in his posscs
sion when arrested, day or two afterwards The ec
tive who worked up the having informed the Court
that Best well known thief and burglar tho City
Judge imposed the highest penalty the law allowed,
which was Ave years imprisonment in the State Prison
The One Hundred and Third regiment OF Now York
Volunteers ator three years term OF sorvice reached
this city from the scat OF Tuesday night and had
public reception yesterday They marched in procos
sion through the principal Streets being by
tho evening they were regaed with supper in tho
Bowey.
John p. Stockton, democrat son Of Commodore Stock
ton yesterday elected United States Senator by the
New Jersey Legislature. 10 succeed Mr. John G. Ton
Eyok republican
Tho steamship Guiding Star having been detained at
New Orleans for the purpose Of transporting troops the
steamship Liberty will take her place In the line for this
trip and will sail Saturday next 18th tnst At p NJ
for New Orleans touching at Havana
Alexander 'Mllliner Revolutionary soldier died at
Adams Basin, thirteen miles from Rochester NJ Y, on
last Tueslay morning at tho ago Of hundred and ve
years.
BY the accident on tho Now Orleans and Opoousas
Railroad the ID inst heretofore noticed upwards Of
nifty members Of tho Thirty third Illinois infantry
injured, ton Of whom died after the catastrophe
The accident caused by horse which walked on to
the track, the train being thrown on.
The Union State Convention OF Rhode Island were In
session In Providence yesterday and the day before and
nominated their Governor Lieutenant Governor
and the other State officers Governor James Y Smith
was renominated
Gold weak and feversh yesterday, and after open
ing at 1T sold down to TAX. from which reacted,
however, and closed down town at 177H The stock
market was comparatively firm. Governments
heavy At the evening board gold again fell and closed
at 1I6X.
The large decline in gold completely unsettled the
chandse markets yesterday and caused large decline
in all kinds Of domestic produce Cotton, petroleum,
&c, were dull lower and nominal On. Change there
perfect slaughter particularly in provisions pork
having declined dollar per BARREL while beef declined
materially. Lard was Ac. lower with only moderate
demand Tho -four market moderately active at
lower rates. Wheat Sc 10c. lower while corn and
oats dull and depressed Freghts were exceeding
quiet. whskey was firm but not active
Tho Political Rcvolution-Ths New
Epoch and tho Prospects Before Us.
The late New Hampshire election, upon
diminished vote, has resulted in an increased
republican majority over that of last Novem-
Der. A corresponding republican gain, in the
same way, is indicated from the results of the
late town elections in New York. Doubtless
the causes of these democratic depressions are
general and everywhere prevailing; nor need
we 60 far for the explanation. The democratic
party, as reorganized at Chicago, was demol-
ished in November; its mission has ended, it
has ceased to exist; Its elements of opposition
to the administration survive, but there is no
bond or principle of cohesion among them.
They are cast loose without platform, without
leader and without purpose.
In other words, the democratic party, torn
asunder by the slavery agitation at the Charles
ton Convention Of 1860, and reduced to the
left wing Of its original army, has been routed
from every position ii has since assumed on the
slavery question, until, driven from It's consti-
tutional citadel, its vocation, as pro-slavery
conservative party, is at an end. So, too, the
mission Of the republican party, which was
first the restriction, and next the extirpation
of slavery, has been accomplished. This war,
like Cesar, and the other great revolutionary
leaders and guides Of Louis Napoleon. has done
in few years the work Of centuries Of peace.
In this single thing-the abolition of African
slavery-we have passed the first stages Of one
Of the most comprehensive and momentous po-
litcal revolutions in the history of mankind.
The superstructure and foundation Of all our
great political parties the ruling political ideas
among the people, of all classes and sections
Of this country, since its first recognition among
the nations Of the earth, are thrown down and
superseded. We have no party leaders; we
have no party issues; we have no party to-day
in the Geld for 1868. The political elements
adhering to the administration, as well as the
opposition factions, are all adrift upon the
surging waves Of mighty revolution.
This is our political situation to-day. We
are in transition state. With the suppression
Of the last remaining fragments of this tottering
rebellion, our shortsighted politicians will be-
gin to realize the change that is upon us. They
will see the fallacy of all their petty schemes
and plots for the Presidential succession, based
upon old ideas, old party or sectional issues,
and old cliques and cabals Of defunct party
managers. We have only to glance at the new
order of things looming up into the foreground
to be convinced Of an inevitable reconstruction
Of parties and principles involving new
leaders, new lights and new candidates, in the
interval to 1868.
A national debt Of some three thousand mil
lions, internal federal taxations, ranging from
four to five hundred millions the national
currency and credit in all their various forms,
the tremendous pressure of great financial
crisis, will probably convulse the country as
with the throes of an earthquake. What shapes
the contesting parties for the succession
may assume upon these questions we
cannot divine. Much will depend upon
the policy Of the administration upon this
and other Subjects and much upon the
chances Of human life and the accidents Of for
tune, In the reconstruction Of our domestic