The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-22


{ the country as having lost the confidence OF
the people in professions unsupported by acts
The contest, we have no doubt, will be very
close but, in any event, the victory will be
due to President Johnson and his policy.
SECRETARY STANToN.-Mr. Stanton accom-
plished wonders as Secretary Of War when
the country was in danger. He infused into
his department an energy and an irresistible
purpose that conduced in q very great degree
to the final success Of the national cause. He
set the example in his own person Of an indus
trious, earnest application to business. He
was ct his post early and late, as persistent and
attentive to even routine duties as any salaried
clerk, and he was ready to subordinate ell
other objects and thoughts to the necessities Of
q great occasion. By this singleness of pur-
pose he not only succeeded where others had
failed, but he enabled the nation to put forth
its strength to degree which no other nation
had ever before been able to equal. He was =
man for the occasion-the most efficient Of all
Secretaries for time Of war. The reputation
thus acquired is now being used by the radf-
Gals for their own vile purposes-to carry On
their opposition to the President, and having
it appear to the country, in order to give them
selves strength, that the Secretary OF War.
while occupying position in the Cabinet, Ii
endeavoring to oircumvent the policy Of the
administration. In this way his fame as the
Carnot of the war will be absolved and de-
stroyed in the petty intrigues Of the fanatical
politicians Of the day. The very qualities.
therefore, that fitted him to discharge his
duties so admirably during the rebellion
unfit him for the duties of peace; and that
same consideration of the necessities Of
the nations position which characterized
/ his conduct on so many great occasions should
| now induce him to withdraw from public life-
By resigning his position he will do what his
own fame and the position of the country re-
quire His Intellectual constitution-the habits
! of thought confirmed by an exercise OF 80
many years--renders it absolutely impossihh,,es
that be should be proper person to advise
the President in the many delicate political
questions that agitate the country at the pres
ent time; and by holding his position he pre-
vents the President from having a better and
proper adviser. He has acquired an honorable
ana enV16Dlo IaU6 Us NoSAos"iy VIM Ps0I
sided over the Department of War in so great
a period of our history, and he will inevitably
injure and lose all this II he persists in the
attempt to be equal to all occasions-to be
dextrous and delicate in peace as well as
| earnest and vigorous in war. He had better
| resign, and thus add one more TO the many
claims he already has upon the gratitude o.
the American people.
The SUPPLY OF CoTToN.-Those dealers who
based their operations in cotton and cotton
goods upon the reports that were extensively
circulated soon after the surrender Of the rebel
armies have been somewhat disappointed. 1t
was stated that the supply in the Southern
| States would not exceed one million bales, and
that was all that could possibly be obtained
until after another crop was gathered. These
| reports were, no doubt circulated for On object
and to keep the price up as long as possible
| At any rate II had that effect, and while II de-
ceived many it kept the cost Of the manufac~
tured goods to the consumer at an exorbitsotly
high, figure; and has nearly ruined number OF
| cotton spectators. We see from cotton cir
culav just issued in this city that the number OF
bales already received at the diffe rent shipping
| ports since the close of the war is one million
nine hundred and seventy thousand bales,
| or double that which was generally re-
| ported when hostilties were suspend-
ed. The same circular gives the amount
still held back ct some three hundred thousand
bales. But we imagine that It will be found
that thK amount will exceed rather than
fall below. half o million Of bales. While
the supply in this country exceeds the general
expectations, Ii il also stated that the recent
shipments from India have been on an enor-
nous scale. and that the quantity already
afoat from that country is such as to justify the
expectations of an excess in Europe from that
source.
These. facts reveal the danger that exists To
our merchants engaged in the dry goods trade,
and The general fall in prices which must or
necessity follow. All who have based their
calculations. anil made their purchases on the
idea of a shert supply IN the cotton staple
must suffer in consequence. This great supply
of sotton Is sufficient of itselfto cause further
decline In gold, and Is bringing MS every day
nearer and nearer a specie basis. That point
is coming now as fast as the country can
stand IT, and If we add to that legislation to force
Immediate specie payments we shall b
plunged headlong into general crash. In
stead Of legislating on the finance question.
Congress should forthwith secure the restera-
ton Of the South, and thus open a market for
goods by giving confidence to the pablic
everywhere.
J ADVERTISING DEAD BoDHs-The Common
Council has passed resolution requesting the
coroners Of the county of New York to adver'
tise description of all unknown persons ON