The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-12-28
NEW YORK HERALD. THURSDAY, DECE

place yesterday No % Exchange place. Tweasgdve
hundred tons sold, at average decline from last
months prices OF two dollars per chestnut COAL
dollar and forty ocnts stove coal, land one dollar
and a half on egg cosA Stove coal sold yesterday at
from nine dollars quarter to dollars aud thirty
and half cents per ton.
A Gre, supposed TO have been caused by detective
fae broke out about eleven O'Clock yesterday forenoon
in chemical factory the Of 19i Bowery but was
extingGishcd after doing damage 70 stock aud building
the amount OF about eight hundred do,lars on which
there full Insurance.
fire broke out about three O'Clock yesterday alter
q rag Dealers establishment, IN the ce'ar OF ~
Howard street, but extaguished. The amount
OF damage be,ag Gully aboa, haodrcd add atty dot
lars .t
The stock market was unsettled yesterday morous
but R.n aud higher at the close Goveramenls wee
strong. Gold closed a l4sA.
The Congregational Recess and Its Es-
pectcd Good Effects UpOn Both Houses.
The Congressional recess, from The 2lst OF
December to tho 9Th OF January. was, we thi'tk'
proceeding in behalf OF calm deliberaiion on
the par! OF both houses, from which tho best
results may be anticipated. The mesubers have
taostiy returned to tlsir homes 10 spend the
holidays with their families and among their
fciesds and their constituents. They will thus
be brought into contact In all their daily ASSOC
Citations with that diyinely given sentiment OF
Christmas day. "peace aud good will 10 men,
Thus even the most lntractabie OF Korthera
radicals can hardly escape The wholesome con-
tsgioa Of this prevailing idea ia the public
mind. They will discover that among the great
body Of the people, Of all parties. all thoughts
OF wrai!, and revenge toward the people OK
the halo rebelious Southern States have given
way TO genera! desire for = speedy and cor
dial reconciliation and on Tho broad basis OF
the conpletc rcst0rstion Of said States TO all
the rights. powers and privileges OF the always
! legal States Of The Union.
| This universal populae scntimea. Of the sea
son, OF .peace and good wi TO mon" we say
will OF Itself in the iniermineting OF the mem
bees OF the two houses with their constituents
be productive Of good results in The work OF
| Soi,thern restoration But. in connection with
| the actual progress made, and the satisfactory
| and encouraging results achievedby President
| Johnson In The reorganization OF the late so
| called Confederate States as loyal members
OF The union nnde, the new dispensatioa, it is
| Indeed happy circumstance that this Congress
sional recess oyerlaps ont Christmas and New
Yesr holidays. Thus the progressive steps In
The Way OF Southern recoQstruction secured by
the Presidents from tbs amnesty procisnations
and Provisional GOyeraQrs 10 The re-establisll-
ment OF regular SLATE governments, on the basis
nft l, npiy fxf Tnso Md tbe nYNp
ton OF slavery, will be generously appreciated
all sides, and will aureiy operate TO strengths
en- him and his policy ia both branches OF
Congress. The impression viii firmly take
root that his Southern policy, under which so
much has been accomplished in few short
months IN the restoration OF Sonthera loyalty,
law aad order, may be safely aud wisely par
sued to hs end. \. ,s,s...,o.. ....
One Of the greatest egenta OF ;noderu tne,
and one destined 10 be among the most niemot-
able for ages 10 come, in the progress OF
modern civilization. has c0ne in with This
holiday season a. the Distinguishing event ct
II esideni Johnson's administration. We refer
to the official proclamation Of The Secretary Of
State of me abolition Of slavery o6w asl for.
evesmo,e throughout the length and breadth OF
the Union, will, Inc ratification by the required
threefourli,s Of all The States OF the cousti-
tusionai amendment on that subject. The
hOnors OF this great achievement. IN behalf OF
the future dignity, coussi ency. prosperity,
peace and harmony ri these unlcd States
must b. divided above all o.ber men between
President I.inco!n and president johnson
the one Tor the Initiation OF The measure. aud
to the other FOR its contamination. Il has been
accomplished through President Johnson's
Southern restoration policy, and in this great
measure ihus perfected he substantially binds
tue two houses Of Congress TO the ratification
Of his policy. Il is somewhat remarkable. too
that this one idea, Che extinction OF slavery
upon which the radical aboli,iVnists came into
existence. and upon which theY pursued the
slavery agitation % the destruction of parties
and the arrangement OF sections even to the
fearful extremity u civil war. shoald atlast be
successfully used by conservative sdpinistra.
ton as check against ibis radical faction.
We are sanguinc In HE impression thal the
members OF Congress, for even this short recess
OF two WEEKS will return TO business from their
friends aud constituents ia . good franc Of
mind for magnaniInous cooperation with
President johnson IN his programme of South
ern reconstruction. We believe that they will
be considerably enlightened meantime In
reference to the prevailing public sentiment Of
the North; that they will lind ont that this
public sentiment sin tayor Of msgnanimity
and confidence towards the Southern States,
and that the only way to establish new com
pact between the States and the general gov
ernmsns fully adapted 70 our future harmony
under the new order Of things is through
amendments TO the federal constitution, an II,
the abolition Of slavery. Last, though not
lcoat II, tho good e6ccts ,f kbis (.0n pa