The New York herald., 1865-04-14

NEW 1OhA HEhALLI,
McGown, Wednesday, while standing In front Of
Trinity church during tae funeral Of General Winthrop
The complainant ON missing his watch. seized the pris-
oner who struck him violent blow in attempting 10
escape Assistant District Attorney Hutchnss sent tho
complaint the Grand Jury. The prisoner gned
a few minutes after and Recorder Hoffman, sentenced
him TO the State Prison for five years 1t is hoped that
such a speedy disposition OF professional pickpccket
will produce salutary effect upon the light fingered
gentry.
The stock market active and higher yesterday
Gold was firm, and closed at 147X down town. Al the
up town evening board the closing price was 146x.
Commercial matters were unusually quiet ycster-
day, and business was on . small scale In
prices there were few changes, and those werc
unimportant as . general thing. Imported merchan-
disc was very quiet but firm. On Change -four was
dun and prices Co. lower. Wheat was active,
and firm Corn ruled steady and oats were higher,
with more doing Tho pork market ruled exceedingly
quiet but prices were without material change Beef
was quiet The lard market moderately active
and firm Frcights were dull and rates were entirely
nominal. whiskey declined lc. o.. with limited in
qury.
Important Order or the War Depart
ment-No Drart-No More Recruiting.
In the order Of Secretary Stanton, to DO
found In another column, We receive tho first
glad foretaste Of tho blessings won for US by
the magnificent combinations Of General Grant
and the splendid services of Sherman, Sheridan,
Thomas and his other subordinate commanders.
The black shadow of tho draft, which has
hung like pail over so many humble hearths,
is henceforward q thing Of the past-s terror
dissipated and put to flight by tho white wings
of peace. The business Of the bounty swindlers
and their subordinate "tmpers" is also over;
and the Volunteering Committee Of the Board
Of Supervisors may cease to oscihate between
jersey City and Washington, or to deafen the
public ear by their olamorous appeals to men
Of capital for "more money to avoid the draft"
Volunteers, but recently tempted with bribes
of from one to two thousand dollars to become
"bould soger boys" will not now be able to
obtain dime for the tender Of their heroic
services Nay, more. As all recruiting has
been stopped, and tho men who wear blue and
brass are the recognized heroes Of our country,
it may soon come to pass that the boot will be
on the other leg, and that we shall have young,
able-bodied men of wealth rendering vast sums
for the privilege Of being allowed to wear
Uncle Sans cerulean iveryl
Seriously speaking, however, tho promptness
evinced by the government in thus commenc-
ing reduction Of our military expenses at the
earliest practicable moment will do more to
restore the finances OF the country to q healthy
and equable condition than any other step that
could have been adopted. The phrase " "going
Off like hot cakes" will convey but feeble
idea of tho avidity with which the new seven
thirty loan will be sought and absorbed under
the stimulus of the announcement made this
morning over the always reliable signature Of
the Secretary Of War. The vast local drain for
bounty purposes will no longer be added to the
other heavy burdens of our city, State and M.
tional taxation; and with several hundred thou
sand men, whose terms Of service expire In .
few months, returning to their homes and BY
gone avocations, all demands Of the labor mar
ket will be easily met, and vast stimulus be
impaired to the producing energies and re-
sources Of our mineral, agricultural and manu-
facturing wealth.
This notification from Mr.. Stanton will also
have an excellent effect on our foreign rela-
tions, being conclusive proof to all Europe that
our domestic troubles have virtually terminated
in restored Union, and that we intend no i'm
mediate steps of retaliation for the injuries in
Hicted upon our commerce BY the concession
of those "belligerent rights" to the rebels which
France and England were weak enough. or
wicked enough, or both, to yield.
Rcconstruction-The Rebel Legislature
OF Old Virginia Invited to Lead the