The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-01-28

ing at 20ss closed in the afternoon at 2l5H AT the
| evening board 1t closed at 2le.
The rise In gold gave impetus to trade operations
yesterday which agreeable to the merchants II
was unexpected There not much doing In foreign
goods but in domestic produce good business was
transacted, and prices were all higher. Cotton potro
cum, &c. In quite active request and prices were
altogether higher On 'Changc tho -four market was
10c. higher while wheat advanced 2c &C., with but
little doing. Corn and cats duh, and prices wholly
| nominal Pork was rather active and frmer. Beet
was in better demand while lard was decidedly more
active and higher Freishts were quiet but rrm Wits
key steady.
| The Panic and Chaos mt Richnaond--The
Breaking UP Commenced.
Panic and confusion reign at Richmond.
JEFF. Davis and his ruling confederates there
begin at length to comprehend their desperate
situation. Their chosen capital has become
untenable. To remain longer in ii now is to
invite destruction-in abandoning il they are
lost, and yet they must abandon it if they would
longer keep the field Admiral Porter writes
from Cape Fear river that 1--WE picked up a
telegram from General Lee to his subordinate
here saying that if Forts Fisher and Caswell
| were not held he would have to evacuate Rich.
mond. He says most truly" further remarks
the Admiral, "and should not be at all sur
prised if he left it any moment"
Those forts arc lost Wilmington, if not
abandoned, is awaiting a capitulation to Gen.
eral Terry. Sherman seems TO have ended the
resistance Of South Carolina with the cross
ing Of his resistless columns into the State.
The Charleston correspondence Of the Rich
mond papers say that if he occupies Branch
vile Can important railway juncture like that
Of Atlanta) the fall Of Charleston is but "a
question of time, and very short time" at that.
Then Charleston goes by the board This
is the danger which has created the panic, COLI
sternation and confusion now prevailing at
Richmond, although tho loss Of the late CON
slant stream Of valuable supplies to that city,
cut off att Cape Fear, is dolefully regarded as "a
blessing in disguise"
The best evidence, however, that the
rebels are near the final collapse of their
whole establishment, from spontaneous COM
bustion, is furnished through their own
journals. Thus we are informed that the
bond Of confidence between Davis and
his hitherto "servile Congress" is at last
broken--that bis House of Representatives
have voted almost unanimously in favor Of
General Ice as military dictator, and for the
restoration Of General Johnston to his late
command in the Southwest II further appears
that the Virginia Legislature sitting in Rich
mond, has declared its want Of confidence in
the Cabinet Of Davis, and that this and o similar
pressure from other quarters has led to the
resignation Of Mr.. Seldom as Secretary of War,
and of the little, slippery Judah Peter Bcnja-
min as Secretary Of State. Thus the military
crisis has brought on ministerial crisis, and,
from excited hostile factions, the so-called
Confederate States government" is falling to
pieces at crisis Of life ara. death, when unity
and harmony are most essential to save the
sinking ship.
The Richmond usurpation Of government
is at length house divided against itself.
Down TO his unfortunate journey Of last Sep
TENDER to Georgia the will and the word Of
Davis were absolute law to both branches Of
his Congress. But the military disasters result
ing to his cause from chat melancholy journey
have raised a powerful party against him
among his lawmakers They have ceased to be
"servile, }" aud have become indignant, hostile
and defiant In proposing the reinstatement Of
Joe Johnston they mean 10 disgrace Davis; in
proposing Leo as generalissmo, with unlimited
powers, they mean TO mpplant Davis; and,
finally, in debating In secret session PROPOSE
ton for an armistice, they mean to tell Davis
that his ultimatum of an independent Southern
confedcracy or Southern determination Is o bit
Of blind, bloody and stupid fanaticism that
viii not DO tolerated by suffering people,
who have been surfoted with the horrors of a
hopeless war.
All these things considcred-tho military
disasters Of the confederacy, and the powerful,
concentrating combinations Of General Grant;
Ne limited supplies Of Richmond, and It's great
lines Of supply from Georgia and England cut
OF; the Encouragement Of the rebel soldiers
and their increasing deeertious; the exhaustion
Of tho ablo-bodied white fighting material Of
the confedcraoy, and the impossibility Of using
as soldiers for Davis negro population
whose minds arc made up on the other side;
the ludicrous, broken down condition Of Jef.si
paper money system, and the formidable COM
binations arising against him IN his own camp
we are fully disposed TO believe old Mr.. Blair:
tina. among many Of tie leaders in Richmond,
Davis included, there Is q strong feeling to-
wards making q peace on tho best terms they
cam
The capture Of Charleston or the evacuation
Of Richmond will probably be the next thing
In order and then general dissolution of the
dismantled Southern ccnfederacy, from the
James river down TO tho Frontiers VI Eaximiliau
and %. Gwia