The New York herald., 1865-02-22

IN gold yesterday an0 ecarcey any business consum
| massd Foreign merchandise almost nominal, wh'
nAny kinds Of domestic produce but little better
Cotton was lo pr ib lower Petroleum was lower ans
nominal On Change everything lower and unset
i tled and the transactions wcro at lower prices
The market for beef cate this week was doprcseA -
heavy recepts and prices fell about 20 per pound The
losses great many Of the cattle had been two OF
| three wooks the way, and the extra feeding and
shnkags told heavily against the pockets OF the owner
Prices varied from lSc 70 22c with occasional sales q
$50 Mich COWS wsss nomnaiay unchanged veala
were easier Sheep and lambs were scarce and arm
prices varied from Ss 70 - Sla SIS according "a
quality. Hogs also nrmer varying from l4c 70
lAko The total receipts eS2s beef cattle. ls0
cows. sss vesl iso sheeps and lambs and 900 bes
Tho Fan OF Charieston.
The fall Of Charleston, In military and IN Q
moral view, win be hailed in the North, will DO
felt in the South, and will be recognized IN
Europe, a. the most impressive and potential
triumph Of this war, h
In General Gillmores brief details Of the enc
my's works, and their two hundred pieces OF
artillery and their ammunition abandoned, and
in the cotton warehouses, arssnals, quarter
master and oommissary' storea railroad
bridges, iron-clads, shipyards, &C., destroyed,
we have an imposing schedule Of the materials
Of war and other property sacrificed by the
rebels In their evacuation, and some idea Of the
importance Of tho military position abandoned
and the desperate extremities Of tho rebellion.
But its losses, In single night, Of tho years OF
labor and the millions Of money expended upon
the defenoes Of Charleston, are but a. feather
In the balance against the moral efDeots Of the
loss to Davis Of that unfortunate oity.
aCharleston, the hotbed in which this utopian
scheme Of Southern oonfederaoy was engen-
dersd; the nest In which tho adder's eggs Of this
giant treason were laid and Matched; where
the bloody gauntlet Of remorseless war was
first cast down in defiance Of the laws and
sovereign authority Of the Union; whore,
through four long years Of this stupendous
struggle, all our efforts to punish her sudacity
have been bafled and laughed to scorn-Chsrles-
ton, the head and front and moving spirit Of
this rebellion, carries with her fall the knell Of
her monstrous offspring, from Richmond to the
Mexican border. The followers Of JeG Davis,
from Virginia to Texas, hitherto among his
most confident supporters, unshaken in their
devotion by all his previous disasters, will now
begin to realize his true position. The disaffeo-
tions in his political camp viii rapidly widen,
the absentees from and the demoralizations in
his armies will increase, the utter worthless
ness of his paper money will be felt and will
precipitate the final collapse Of his rotten
financial system, and in every form and on
every side the elements Of his confederacy will
fall to pieces, and its powers Of resistance, like
those Of Charleston, will be exhausted, and It's
armed battalions will melt away and disappear
from the face Of the land.
Such will be the moral effect Of the fall Of
Charleston throughout the broken and dis
jointed rebellious States Throughout the loyal
sections, including the States and districts
wrested from Davis, the effect win be new
and powerful impulse to the Union cause, and
to the good work Of filing up the gaps in our
armies by volunteers for q short campaign,
and . glorious peace, with liberal bounties, and
honorable distinction, and all, perhaps, without
mourning the danger Of single battle hence
forward to the end Of the war. The moral ef-
fsot in Europe Of our recovery Of Charleston
will be disastrous to the holders Of the rebel cot
ton loan, and to Spectators In and builders Of
cotton blockade runners, and will very much
enlarge the pacific inclinaHons towards this
country Of Lord Palmerston and Louis Napo-
leon.
But will this war be ended without another
great battle! II may not but we incline to the
opinion that It may be. The demoralzed trag-
ments of armies under Beauregard, Hardee and
Bragg, we will suppose, are aiming for juno
ton with Lee at or near Richmond. Assuming
that they will effect this junction, we cannot
doubt that simultaneously Sherman will strike
hands with Grant What theni Richmond
goes the way Of Charleston Jeft. Davis and his
Cabinet and Congress pack up and pack Oh by
the safest route for Mexico. The so-called Con-
federate government, at any rate, will be adrift.
General Lee, then falling back to Lynchburg,
viii be left absolute master Of the fortunes Of
the confederacy, and, like sensible soldier,
rather than Idle in the last ditch" be will sur
render with the honors Of war, and the so-called
Confederate States will be dissolved, and
tour erring brethren" restored to their true
allegiance. Let our gallant young men, in
clined to join our victorious legions in the
field, come forward, or they may lose this last
opportunity for share In the bounties and the
honors Of the glorious work now surely ap-
preaching the attainment Of q glorious peace.
WAsHINGT0Ns BIRTHDAY.--This is the anni-
versary Of one Of the most suspicious events in
tho hiaforv NJ onr pot;on- tha A;rxhI.v ~
George Washington, the founder Of the republic
and the father Of his country. The End day
of February, 1872, is one that must always be
remembered with gratitude by the people Of
America 1t was then that that unsullied pat
riot soldier and Christian first saw the light
Krorn hia uauth A -