Mt. Vernon Democratic banner (Mount Vernon, Ohio : 1853), 1863-12-19

              -. y - - : - - VOLUME MOUNT VERNONr -OHIO : 49; P f v. -X gmaoratic anntr In TToodwmril XSloclc, 84 Story. ' ritllJfS. Tm Dollar pf sairaai. A. tvn I $J 5 witMa fix month; $3.00 mftet U xpt EDfTED BY L. HA K PER. Why Ha?iTot Eichmona Be8n Taki? The qnettion in coitntlv naked, " WAy 'has not Richmond been taJcenf" A fw: pertonn others, not better iMivipea. ,he decJarw. to ue a court pbraae. that he army of the Poto-mac i dxtlayalt We -io not write to defem! theeneraU or the hrare PoMiera. who com-pot the army of the Potomac ; for the nalion coiifi lca in both, and history will vindicate tkem from the asperviona of the reptiles, who liiHa out their venom, againet the heroes who hare fought for our flag upon hal. a hundred fields. - But vshott fault it it, tluit Richmond has not tern talent To answer that question, if "is on!y necessa. ry to Lrieffy refer to tht'Teading events connected with the campaign of ih army of the Potomac, and the rebel araty of Northern Virginia. ' : - It is generally known, to civilians as well as soldiers- that it is a futidamenlal principle of war, to avoid fighting an important battle at the opening of a campaign, unless jou out-nnmler the enemy, and your army toe composed of veterans. But althouglrth contrary wan the case; though Beauregard not only out nnmlered McDowell, but occupied an intrenched position. Air. Lincoln, umler the inspiration of IXeHsrs. Greeley, Wade, Chandler. Sumner and other fire-fide warrior.T7om jiell-ed M-Do well to "onward to Itidimond,"' 4u;aiust hw jmlx'nent, and that ot hi otHerSr The result, was disgrace and d poster to our aniw ; our fl Wfis in the "hist ; Wahinstou lay at the mercy of the retoela. and our nation was hmuiliated before the civ lized world. This wa 3Ir. Lincoln's blunder, and the fault was hi, ' : At that time. McClellan , in Western Vir ginia, and Lyon in Missouri, were free from the interference of Mr. Lincoln, and his pre-FUmptuoHS adviftera. and in hth of those regions, ouranii were victorious, and the ref els were scattered ii1r6ut. Ijwas then that George B.'McClellan,: upon the reoominerrd-; Aon of General S-ott, and in -'accordance with the out-spoken wiahes of the people,-r-was offered the command of the army of the Potomac. Jle agreed to accept the command on Condition that Mr. Lincoln would pledge himself, to give McC.ellan the absolute control of the operations of that army. Butnosooner had 4ha"t General brought order out of vhaos. and re established public confidence, than Mr. Lincoln disregarded his solemn pledge, and again began to d ibble in war. . Model Ian reminded him of the maxim of Napoleon : ' That nntkimy it n dijfimU, -a to pi-etcrihe lirurt hand to m yeaeifrf, the line of eomdtct he ihnlt pursue during ctnptvgu j and that 'nothing to era tuft the tff-rt of jeniut. A to compel th head f am army to b gncrrned by any taill bal ii oit?' Bnt, unfartonately. Mr. Lincoln already began to scheme for a re-el eit ion. and he con- 1dere! it more important to himneif. to secure a few poluiear adherents, than to gain a bat-; tie. :-. Ojr army, at thv time, w is on the South side.of tle Potomac : the' rebel were in it itn-niediafer front, and LongiMreet ocnpieil Miin-son's ITU. . McClellan delermineil to rut him off; and although General JScott had been relieved from the command of the army',' in con-. sequence of men's 1 and pliysical feebleness, Mr. Lincoln confm;ttel tte singular mistake of sa'bwitting McClellau's plan for his connid-" " ,' lenwmn. The old General approved; but unfortunately he took with him to the council his soit-in-faw. Colonel Scott, whose sympathies were believed to be with the rebels.-Xowgstreet was informed of McClellan ' plan, 41 nJ hastily withdrew from his position. Col .Scott u accuse! of complicity with the rel- "el; and instead of bringing him to trial, a few -dayV afterwards, he was allowed to sail for - Fraee upon a passport granted by President Xineoln. ."-:Tim will not allow as to enter furthsr into -details. After a series of brilliant victories, at Williamslurg aiul the Seven Pines; at Fair Oaks, at Malvern Bill and on the Chirkahom-rainy; McClellan was ready co thund-r at the gates of Bichmomt. when he was ordered to withdraw his army from the Peuinsula, - la May, 1862. Ha Neck had been ont-wkled Ibj Beauregard at Corinth, ami suffercl that POeneral to setid Lee 30,000 men. and to with -raw S0.000 Irom.Harieck's immediate front. : wtfiHw Ihai .wise trian was playing usU among itha-Jitche. . Lee'a army originally ont-nuin .few4 lhal ol McClellan. and was. afterwards loeraaae! SOOOO, 4y the corpa from Benure- ' Srit McClellan- told the President that il he wittjilgia him 20,000 nore men. be would ake Blehmoad In toar days ; and it is almost '(oerjeiibU ibat Mr. Lincoln refused the rein- - foreewteata, altboagh Alcuowen a corps was T noobnpieJ,' It teemed to lelhe object of the r Adtainiatration to prevent Ekboiond from being taken.; Upon beta g refined rein force- JDaeota, jacCleUan declared that ; be wtwld av ,ack EichinoiHi with hi setuai force, but it w decided at. Weukinffte that H m eaaier to fPIH-osi BieKiMMd vers1ort!aed Ilae of TWJ h oftr a;!eaa olfictifi boa of wwbj wee witburawn. is ;iHr. LUooln order, and Lee sullenly lev. fli lUrrUod; but with wi rnplditr of eomhU nation aetdom equaled ia arsr, UeClellan was there to meet t.Im. and th 'Irilltaat ictoriee of Aatietam and Sooth MounUin, saved Mr. Lineoln from an excursion to Richmond. I.ee was hurled beyoad the Potoniae ; the President had time to breathe 'at ease, and it was determined to punish McClellan fox having bad the ability to beat Lee, and aae Washington. ' ' ' '' jlcCIellan wasVemoved Bomside succeed inr him in command of .the army, and .the first slaughter of Fredericksburg was the re sult, " Burnside was removed to give place to ITooker, rho had declared that our. not hav ing taken Richmond, was attributable to a want of generalship. It was, now his turn. Lincoln and II al leek were on hand to aid him; and the disaster of ChanceIlorvil!e, wiih lbe loss of 30,000 men and 60 cannons, was the re suit. Since then Hooker haa declared that during the battle be was engaged 22 hours fighting the authorities at Washington, and two hoars in fighting Lee 1 Our bleeding and mangled army was scarce ly reorganised, when Lee invaded Maryland and Pennsylvnitia, and Meade waa named to supercede Hooker. At Gettysburg, the rival armies again met in battle array, and one wing of our army was about giving a way before the concentrated columns of . the enemy, when an officer, adopting the ruse of one of the French Marshal, cried out " McCislla.v is coaixo with the Txys-srLVA.viA Rssaavasl" t Like a current of electric fire, the word flew from line to line, and from column to column, and a wild volcanic shont went up for " Little Mac," and our noble fellows again sprang forward, determined to conquer or to die. The field wa won ; and those, brave stem men, wept with joy, when they said to one another, It was the ghost of Little Mac, which gained that victory 1 McDowell. McClellan, Bnmside, Ilooker and Meade, have all commanded the armv of the Potomac, but Richmond remains nntaken, although the monuments of McClellanV. victories, surround her earth-works. Will any man, with an American heart, then say, that the fault has been with our generals? No. When left alone. M CIeIlan defeated the rebels in Western Virginia; and 'despite of. -Mr.'.. Lincoln and his advisers, he beat Lee at Antietam and South Mountain; at Winchester and Fair Oaks ; at the Seven P. he, at Malvern Hill, and on the Chicka-homminy.Ai;d since getting beyond the long and meddlesome arms of Mr. Lincoln, Burnside hs conquered East Tennessee. "and 'beaten Long-street at Knoxville ; and the brightest laurels Avhich deck the brow of Hooker, were gathered at Chnttanooga, more than a thousand miles beyond -the reach of Mr. Lincoln's counsel or direction. And all or most all of the victories gained by Grant, have been achieved ho far away from Washington, as to render him secure from interference from the Administration, even by lightning. Does any one charge that the fault has been with the solr diers of the army of the Potomac No. They have proved ihemselveH to le heroes, on a hundred fields, and detachments from that army have gained blood-stained laurels at Vicksburg. at Knoxville and Chattanooga, Then let even hande-1 justice be done to the brave defenders of our flag ; anf let the res-ponsitiiliiy rest where it belongs vpos the sHori.DSRs or President Likcolv, Let it re-t upon Liioln. and Stanton, and W ade, and Sumner and Hatleck.and the black. brooil, which jerch about his palace, and who at all times can pas his imperial body-guard, to gain his Imperial Presence. fl . J .'. - l . . . , "in it not ieeo tor jar. Lincoln, trie wnr would have been over ; peace concluded, and the Union restoredmore than eighteen months ago. ; Let those who pay the taxes, and fight our country's battles, think of these things. The V. S. Senate in 1883 The Washington correspondent of the Cin cinnati inquirer draws tne following pn t ire of the U. S. Senate m 1863, as compared with that lo.Jy during the purer and better days of the 'Republic, before Abolition and the devil were let loose on the land. He says : I have jut returne.1 irom the gallery of the Senate Chamber, where I went to look at the Sena tors. What a different body from wha'. I have in days gone by looked upon, as the immedi ate representatives of State anthority, in the National Legislature I There were giants in those days, statesmen of enlarged views and ripe experience. There were Webster. Ben ton. Clay, Calhoun, Silas Wright, Clayton. Berrien, Allen, Mangura, McDuffie, Davis, Grundy, Crittenden, and other men of Tike moulJ. lhe world had not their superiors in lotty patriotism, inspired eloquence, far reaching views, and conciliating depositions. Thev uumprehetKiPd the nature of oar Government. the genius of our inMtitutiona. and were al ways ready to accommodate, by a wise policy of conciliation and forbearance, the varied in terests of a vast continent, otdifferent climates. productions, and aocinJ systems, under one foriM or a General Government. , They knew how u preserve peace at home, and how to command reepeet abroad. What- a. different Kiy the present. Senate! . .Hardlv a true statesman occupies a seat in its hail. A set or narrow-nuntlett, tdock-pe.idling Yankee would better eerve to designate the great majority of them, from the Vice Prescient down, man any other phrase I can employ. They can grasp a pin'a head, bnt not the interest of a great country.' Bigoted, fanatical, tneidler in other's tmsioess, contractad in their views of men and things, they aeem fit only to be peuaiera ol -mall war a, organ-jindera, roem-1 m m'".n& committees into the doraeetie affalraof their weigh oora, and correctors g- erni i ui npramaneomiMaUiea.':' Into Che aeeping ot euoa nen ae these have the peo try I God save Uie-JiepHUic. fo, u greateriadoe than now oontrole , to aave ii irom ouer mini - . - . i The. Georgia Senate haa eonarieteil evarj aM-hodioi xaaia ever fiftaea, year of age. , : - The PeniTttralar; Bottta - . ' In the presen t position of the Arm j- of "the Potoaiae and the yhginU fampaigB, the following letter of Pen. MeCUllan mrittew from ITarrisofi's Landing, hai great intsreat. It la eloquent and convincing. Wudd that' it had been listened to as it deserved. Tlia tnadncsa which reigned at Washington haa eacrificed heeatoraW of men ainee the date ofthie and all because Gen. tlalleck refuaed to listen to Gen. JlcCleUaa. '., v .' BaaxaLxr. Ya Xng. 4-12 21 SXajor Getktoilalleek. Commaadr in'ChiafV Yoor telegram of last evening ta received. I must confess it caused tne the greatest pain I ever expeiienced.; Ibr I am convince! that the order to withdraw this army to A quia Creek will prove disastrous In the 'extreme to our cause. I fear it will be a fatal blow.- Several days are necessary to complete the preparation for so important a movement aa this, and while they are in progress, I beg that careful consideration may be given to my statement. . This army is now In excellent discipline and condition. We hold a deboaeha on loth banks oftheJaolea River, so that we are free to act in any direction, and with thli assistance of the gun boats, I considet otrrcotn-munication as secure. . We are twenty five mllea from Richmond and are not likely to meet the enemy in force sufficient to fight a battle until we have reached fifteen to eighteen milea, wr.ich bringa us praciip-ally within ten miles of Richmotid Our largest line of land transportation -vould be from this point twenty five miles, but by the aid ofHlie gunboats we can supply Ibe array with wjster, daring its advance, certainly to within twelve miles of Richmond.' At Aquia Creek we wouhf be seventy-five miles from Richmond, with land transportation all the way. From here to Fortress "Monroe is a march of seventy miles, for I: regard it as impracticable to withdraw this army ami its material, except by land. The result of the movement would thus be to march 145 miles to reach a point now only twenty .five miles dia-tant, and to deprive ourselves entirely of the powerful aid of the gunboats and water transportation. Add to thw the ertain demorali-sation of this army which wouM ensue, the terribly depsessing effect uon the people of the North, and the strong probability that it would inflne ce foreign powers to- recognize our adversaries; and these appear to me sufficient reasons to make it my imperative duty to urge, in the strongest terms afforded y our language that this order i e recinded, and that far from recall. ng this army it may be promptly reinforced, to enable it to resume the offensive. It may be said that there are no reinforcements available. 1 point to Gen. Burnside's forces to thoteof Gen. Pope, not neoesarv to maintain a strn-t defence in front of Washington ami Harper's Ferry ; to those portions of the Armv of the West-not required for strict defence there. Here directly in front of this army is the weart or the Rebellion. It is here that ail our resimrces should be collected to strike the blow which will determine the fate of this nation. All roints of secondary im- portanire elsewhere should "be abandoned, and everv available man bnmeht here. A decided victory here and the "hiiTilary strength ot -the rebellion cruhed. It matters not what parT tial reverses we mav meet with elsewhere : here is the true defence of Washington ; it is here on the banks of the James River" that the fate of the Union ehotil I belecidetl. Clear is mv conviction of right, strong in the consciousness that I have ever lieen. w still am actuated solely by live of wy couutry, knowing tnat no ambitious or selfish motives have influenced me from the commencement of thin war, I do now what I never did in mv life before, I entrat that this "order may be rescinded.'. If my counsel does not prevail. I will wit h a sad heart obey your order to the utmost of my power, devoting tot he movement one of the utmost delicacy and difficulty, whatever skill I may possess, anil may ; God grant that I am mistaken in my forebodings. . I shall at least have the internal satisfaction that I have written and spoken .frankly, and have sought to do the lst in iny power to ar-rent disaster from mv countrr. GEO. B. McCLELLAN, Major General. How President Lincoln ZLeceirei. tne Ke- ' ;.':;-'::; groe. ';;:-raeo. noroLAS Ant tb rnastnaxT. . The Anti-Slavery Convention held in Philadelphia last week was addressed by Frcd. Docqlas. who evulently fijels himself now to le of consequence, aifcl why shouldn't he ? From the New York Tribune's report of his speech we clip the following: "He detailed a visit he had pai I to President Lincoln. Men had waited in the ante-cham ber for days, but the -moment his card was sent in the usher returned with an invitation to walk up. Some office-beggar near by re- marKM: anew H vonbi tie so. tie s a "nig? ger, that's enough.' Mr. Douelas asked the audience to imagine how the President receiv ed Uim a colored man. .'Why, precisely,' said he 'aooe gentleman receives another.' Allud ing to the Preaident'a height and length of in t. ue remarked Uiat be was 'spread aoout the room in the way usually ascribed to him." and as he entereil. commenced rising, and eon- inne t rise. A cordial shaking of handa ensued. White men wait in the chamber for davs, but the President a ante- moment a nxyger senu j is caru ne tasuown up: tne nigger. e a a a - ms under this Administration, haa greatly the ad vantage of the white man. Docqlas, in his speech at Philadelphia, remarked : "While we give majorities in favor of what is called the Democratic party; while the New York World and Express are scattered through the cities of the land; and the father, mother 4 .!l II '.L. T . T -' rw .. .. uevjj oi tneiti an. tne ntw iorx llcraiit. seen opon the highways, byways am! railwara or the country, we are in danger of acorn prom ise. tnere win oe no uienuy in tne ceuntrv till the colored man is honorably admitted in to tne oouy put ic." fQ-That SiimUy visit of Geo. Wright to Morath's brewery al couple of -weeke ago, is not an iIIe rumor but a reality.. He. took Gov. Tod 4o church in the morning, and in three hours afterwards bad him in Morath's brewery drinkin lager 1 The visit waa intended for political effect, bnt an attempt to .get Mooath into poliucaj confab tailed, and the dwungiiiahe4.vieitbrsl "changed their bae A youth who waa .a echolar in , the Sabbath School of which Wn'zht was recent 1 v .Suserin- Aetxlaatand to which he sull occasionally lectures on rnorala, happened to be a witness to tha pefbniwince af 1 the hrewery. : Whatthat yoatU'f Te.flectidna' were, need not lialold ; nor is It neceaaarr to remind our reaTra that this J ia the mmeGeo B. Wright for whose ten'efit I in the.last CkVogreasioDaT; contest." hand hi! la 1 1 were eeot all over the Diatricv charging- hia fj competitor with tatemperaneeTi(tr seoU.-: ; A: Flexible Platfora'. . :: -The following platforoa we bar arranged to fait all partiea. - Xt'-ia, trinUy aidanity-r-threein one. The first eoluma .iath.e Secea-aioQ platform. ; the accoad. ia tha.bolitkm platform, and the whole, read together, is the Oemocratio platform. Tba. platform t ia like the Union as a whole it ia Oemocratio; but dirWed, one hall ia 3eceaioa aj4 the -other . -: Sirn fee Bovessiva Wetgatfor '. The CoaiMeraey We love The rebellioa We glory In - 8paratiMi We fight nt for. BeeoutreAtioa W msat sneeeed The Union We love not Wilmt said ';"'""" Wo Wsnt Foreign intervention ' We 'ekerUh .The stars and bars We venerate Southern ehivalry Death U Abe Lineoln Iom wita Law and order l a earse The Coasntntlen ImleacnewitaeQ . free Speech - Is treaiKai : ' A freepreti Will not be tolerated - The nesrVs frd.ota ' Mast be Ruined-At every fcaterd . We love - Tbe neere '"- : Let the Vnion sUde" ' Tbo fJnion as it was Is played oat, i Theblatag , ..' -' Is a flanntiazlie , ' Tke kabeea coram Ishstefal v Jeft, Jar4 Isn't the; Uererament Mob LW . 8heU Trhuaph XOO.OOO Sesioor.ta.. Pef pite all the fraud and alii the: apnlian ces of corru ption, and all tle tiidinidatiau of power, civil and military, nearly one mit&m and a Knlf ttf Demoerateimmrchlo the polls at the late elections and recorded their votes against the policy of ,he Administration. Those who think that the Democratic organi-tatibn is now powerless will be instructed by perusing the following table of the votes aa given at the State elect io as in 1863 : '; '.'. ;. Pemoerstle Votes. MllBAi,, e 5 ,000 New Uaaapstiir.. ..... ..4"), SOB Vsnn it"................ ...... ......12,000 Massachusetts......... ....3,000 Rhode Island..... ..-......,..,...........10.00 Connectieut ......, ..M.4e,eoa Total for New England HHI.H 185,060 ..1281,000 ... 60,000 ..253.000 ...187.000 ...13.000 ...140.000 New York............. Naw Jersey .......... Penosylvania ....... Ohio ............ .. Indiana...... ...... .... HI inois Michigan ............. Wisconsin Iowa. .... ........... Minnesota California....... Oren.....A .... Kansas .... ......... . I I r... ....... ...4. . ..... ... ....... 60.000 60.000 65.000 12.000 a.ooo 6L00 8,000 Grand Total.......... ...... 1,489,000 So in the free States akm there are one million and a halt of Democrats at the close of 18(3. What a glorioua figwret. This is KK).- (XX) more votes than Dotisl eot in all the Stntes, Northern andtSoutltern. in 1800, What Democrat can bo discouraged at such gcxxl progress under the terrible pressure ot the last three yeats?. Only (liink of it near- v 2tX),(X)0-DemoorMts in New- L 112'. and. which we have !een inclined Td'coebver entirely to the A tolitwmTPta ? needy.4Afl00 JnUieEm-pire State, and more than SOO.fjkXl in NewVfer-sev and Pennsylvania ; 2(X),(XX in Ohio and 250,000 in I nd in na and Illinois. The other V estrn States contribute nearly a quarter of a imttion more making up the grand total in the free States to one million and a half! That is a power in the cousitrv within twenty' per cent, as great as the Administration, with all it tremendous appliances, with all of its money and nnlitarv backing, with all of its various and ditferent factions having no com mon agreement of principle, and certain, "as poon as the distribution of spoils :is over, to spirt apart can. array against it. In view of their truly immense organization of a million and a half of men in the free States as many even aa Mr Lineoln has called into the field since the beginning of the war Democrats can well afford to look with contempt upon those who Question their loyally, or who af fect to consider their nroxpects in the future hopeless, and gloomy. Nothing is more - cer taiu than to-uav it is the strong?st paiuv ever leafen in the 'United States, and.it is equally cerUin that itauinue ce must ere long be felt in shaping the policy of the Government. From this time forward it will steadily grow until it reaches the crrst or - power. JVs Las 6on (O.) Pataiot. The Fieniish Spirit of Abolitionism. Aa an illustration of the fiendinh suirit of AbolitionUm, read the following from Lieu tenant Colonel Horr, publUheH in the Kan as papers. Listen how he raves ; " ; "I was once, while believing in no Other possible deliverance from shame, tor separa ting our Nortoeiti free institutions from the Mack-bannered South. The trial of John Brown, of Kansas, in irginia, in which I was numbly proTeaetonauy engage!, made me a sincere hater of the South. I bate the South to-day, not only as my enemy, not only as the enemy of my Government, but as the enemy of all mankind. I hate her piratical institutions, wh ch rob men of their man- hoc-1 and women of their virtue. - I hate her history and I hate her traditions, for upon all I behold the unwashed stains of that unavenged blood extorted by the lash of the slave whip.. I have believed, I etill fondly believe, that the Min of another Saint Domingo may rise upon her, and a million of Tousaint L'Onverturea, e.ld in the halulimenta pf war, and with vengeance written on their face, with one desperate aa I triumphant stroke, dash in pieces; the accursed South. Are Kansans proud W own John Brown, of Ossawatomie ? t. for one. say in the whole history of this State there is nothing reflecline such luster as i he citixenshi p of ''the gray-haired martyr of Harper e Ferrr." The Poughkeepsie (New York) .Telegraph says there ia "a hrute ia btunaa form"-io that city who recently said : ' ;-r "t wonhl to Ool that I eonld . live to see the white male portion of the South extermi nated, and the fem.H left to. the mercy- of the negroes, that a better race migh people the Southern States. . 7 ', These are themen who are going to restore the Union with the Sooth, - SThe fall term of the, Licking court eon' tinned till Wednesdav last. r 'She v freedman-whorn a, barbarous jury found guilty, ofaf: tempting to.cmmua.rapehaa been; granted ae trtat by Judge' Jonea, :a there" was nothing arawTBt this negro except the oath of a white woman,' and she a eoldier'a "Wife, beta 1 ui vwu vo oue.wcrn 11 , vucni wtlOSHn ta- rcib, tuBfc new wvint w . oe result-- or.beibre she knows iL they witt mrf,1 KrtA Ithe perutentiary oft a charge of feducing the aegro.-iVVwarsr A o'noeeZe. t'.. ' -.:. "' j Sttmter is considered br the Canfeder. ateesafe against all at tacks. J - - - Thta woman hat better be. pn, the look, ouCiad to. , Extravagant stories were circulated of rProa the Pn4olpUa At THE COCTH SEA CUC3S3: The Great Fiaameierv cX Trance - UadiajtA Acterlea. . CnasTia CuPntt, l?iJy ember $5, 18G3.. r'.-.Tttw.yallay' of the ; Mrssisaippi, known as Looisiamv Territory, - waa poaseased by Fraaca j the year-1712. aa for a the bead spring of the Allegheny! and the exclaaiv treble fthie immense territory had Ieen grant ed by Lonia XIV to a French rnerchant named Croaat. Crosat, however, not euceceding ia he eoJoiatioa of the Territory, tie colony waa resigned to the King in 1717, with a population, including the military" of sot wore than seven hundred persons.- ' The Reveiwes of the French Government were not equal to the interest on the enormous debt bequeathe! by the extravagance of Louis XIV, and hence there waa great depression in he value of the national seuritie. Just at thla time the notorious finaocier John- Law appeared on the stage. ;- La w was a grimcrack, itinerant Scatehman, who managei to raise himself to the dignity of Comptroller General of-the Finances of F ranee upon the streneth of a echeme, .invented by himself, lor establishing a lnk, an East India and a Mississippi company by the profits of which the national delUof France - was to be pant off. He first ottered his plan to Victor Amadeora, King of Sardini t, who told trim 'he was not powerful enough to rain him self." ' ' ,-!:.';--. '- : - , Taking advantagei of the financial depres sion in Franoe, Law proposed hie credit sys tem to the Regent as a relief. In .1716 he opened a bank; under the protection of the. Duke of Orleans, then Regent of France. - In. 1717 the Western or Mississippi Com Kny received the transfer ol the commerce of tuisiana. which had just been resigned - by Crosat. Bancroft relates that "the mines and commerce and boundless extent of Louisiana were now invoked to relieve the burden and renew the credit of the metropolis. The human mind is full of trust; men in' maaaen always have faith in the approach of better times; humanity aboumla in liope. The Valley of the Mississippi infl ime l the imagination of France; anticipating the future, the French nation beheld the certain opulence of coniinjr ages within their immediate grasp." Thi Mhxjiasippi scheme was the. great "Jaw Duhlle." v Law's theory was,, that the currency of a country need not possess intrinsic value; that the wealth of a nation may be indefinitely increased by an arbitrary infusion of paper. The Company of the Mississippi, instituted by Law, was the basis upon which the credit of the Government was to be revived, and "Iivr was reverenced as the greatest man of the Ape." . The shares of the Company were pnt into the market, and panl for in public bondt and I hue t he Goveniment lecame debtor Uri company of its own ereatioa. The bonda, from de-pref.iation. rose rapiUly: in value, in consequence of the interest having been punctually paid by. the bank established by Law, whilst extravagant and fabulous stories werecirculate-1 of the wealth of Louisiana, its cities and gold mines. - In li lv Lawn bank- became the bank of France." . People of every rank and condition of liftn -seduced by the prospect of immense gains, 8ubcrilel for shares in the "Lawbubble."-. Of this bubble Bancroft in his hi-'tiffv writes: "A Government which had almost .absolute, power of Legislation conspired to give the wi-lest extension to what was called credit. Law might have regulated at his pleasure the in terest of money, the value of stocks and the price of labor and produce. The contest be tween paper and specie began to rage the one buoy ed np br despotic power, , the other appealing to common sense. f aper was made the legal ttO' tr in all pay ment. To win the little gol.l and silver that was hoarded by the humble classes, small bills, as low even, as ten livres (a livrc is about twenty cents), were put in circulation. - Averice became a frenty : its Airy seixed every member of the Royal family meu of letters, prelates and women. To doubt the wealth of Louisiana provoked anger. New Orleans was famons at Paris as a beautiful city almost before the canebrakes bezan to be cut down." Shares of. the bubble advancjfl to more than ten times their original valne. Two thousand millions of bills were emitted in sixteen months. Bnt Ba-ncofi says the extravagances of stock-jobbing were in creasei by the latent distrust alike .of.', the shares and of the bills; men purchased stocks ttecause tney teared me end ot the paper sys tem. -The fraud grew to be apparent." and to at ne doubt Law was aptxintel Convntrouer- General. and "be perfecte! the triumph of pa per by a decree that no person or corporation should have on hand more than five bundre.1 livres in specie; the rest most be exchangeil for paper, all payments except for soma under one hundred livres muat be paid in paper. Terror and the dread of informers brought. within three weeke, forty-four milltoue into bank. In March a decree, of . Council fixed the value of stock at nine thousand li. res for five hundred, and forbade certain corporations to jn vest money in anything else. All cirru lation of gold ami silver,, except for change was prohibited; all payments most be in paper except for aunts under ten livrear" confidence disappeared and the Law Bubble burst in 1720. On this scheme - Bancroft wins moralizes: "When men are greatly in the wrong, especially when they have embarked their fortunes in their error, they wilfully resist light." So .it has been with the French people; they remained faithful.to the delusion till France was im poverished, public and private credit subverted the income of capitalists annihilate!, aiid labor left without employment, while in the midst of universal wretchefnea of the. middling class, a few war. speculators gloried in their unjust acquisition and enjoyment of immense wealth." ' The "Law bubble" burst in Franc in 172Q. and in. the same year, in England, Sir John Blunt projected the South Sea scheme. Blunt proposed to ministers a plan by which the South Sea trade might he made the means of paying off the national debt." The" funds were first to-be consolidated," and the entire debt to .be liquidated by the South Sea Company in twenty-eevenycara. . Br meana of aa immense distribution of stock amons such memlers of Government aa I ifwas found neceeaary to brile, tnelnding the Vnanceuor 01 tne cxcneqaer, awsow, aim the Secretarv f elateC the scheme, through the prtrefcased influence" of Aislabie; pass-er Parliament, ' and the stock. ' roae 1 from tooto 1.1m;;.; ' :' - ... Soon the eame national fren2y seized the public mind aa had Iedr the French to their rout. - TO atimaiate tnis neeire co oouun xne tfoek all sorts of in fa moos means were "resort-. an'fat least fiflv per cent, dividend were prora- Tndlord aoU their estxles. and oeBte nee I Teeied their btwiaeaaa4o rush Into the ahare ntarket. ;Bot in less than Kx months the rSmoV Sat. . BuUls" bwrafcUiaietara -oiUed the bank ftf fnglaod to their aid, bav UrU waa of no avails coeJUleoee waa loat; the stock fell ; everything waa borne do wn before Jt Public eredit.euatainrd a'terribla ahocaV and an infinitenamberof famjliee wereoverevlielht- ed with mm. "The nation waa thrown into a daageroua ferment. anl nothing, waa. heard bat. the raving f grief,' disappointment and deepatr "71 wtory (Smollet) relates, msfai; rctt-riana coincidence that, while at the moment a South Sea director waaaearcely aafh in the etreeta from the eangeance of tits - populace. Law. the nroiectar of the MmeiaMnoi htibh in France, era flviac for hie tiie from the peo&3 Tow investigation by aarbameAt ahowwd that among others, tbo Chancellor. Aislabiev had account of profits on thie stock wih different brokers and .' merchant te) the eooraona amonnt of JCT4,45l. Atslaltie was expelled from the House, sent to the Tower and hie estate waa taken for the benefit of the stockholders of the South Sea Company and such also was the fate of others implicate!. ' . ' ' - - - Such were ti wild echemee wbien, proites- ed by avarice ant! vilhany, one iiuMred .and forty years ago, frenzied the public mind of France ami England."" The : peopl of those conntries dnpe.1 by the men who held tlie rein of power were thne led to their own rain. And are we sure that our hopes and financial credit have not for their basis - a bubble quite as flimsy as that of Law or Blunt ? Have we not among ne a financier who' like Law. is "reverenced as the greatest man of the age?." or who like A'nlabie, at no distant day. may enjoy the comforts of ft bastile ana. be competed to disgorge wealth which in two short years have been wrung from the blood ot hi ruined eouatry.? " : The Siege of Enozrille. Owing to the difSculties of commntiieation, the public has knows but very little of affairs around Knoxville. either aa to the precise character or duration of events which oc curred duringthesiegeof thie importaut strong hold. -'-.-. Lohnstreet, with a column variouelv estima ted at from twelve to eighteen thousand infantry aud cavalry, and a proportional artillery force was detaclied from Uragg e army at Chat tanooga, about the 4th or utu or November. - He reachetl the vicimtv of ivuoxville about the lGth, and investinig the place, carried on operations until December 4th. when the ad vance w Sherman compelled him to abandon the'- eiege. From this it will be seen that Burnsnle was besieged eighteen days, during which the fighting was continuous, and at times of great severity. Longstreet reached Little Tennessee Iviver. at the point where it crossed by the railroad running from Knoxville to Chattanooa, on the 14th, and immediately commenced cross ing the pontoon bridges. The Federal ad vance wjta then at Loudon alnut 4Q. miles ffbm Knoxville. and only a abort distance from Lonrstr-et's point oC crossing. On the 14lh our advance attacited the rebels a rut drove them back to the river, but during, the night, learning that the enemy was 'crossing in overwhelming numbers,' Our men com menced falling back at day light, and, with some loss, including considerable transportation succeeded that day in reaching Loudon. f: Thrnrst day Thr TTfmi1TJ13r,ntT1,,''l to w anl Knoxville. At ten- o dock our TofOrt reacheI Cam pbell Station. aul her formed ju line of battle to endeavor to check the enemy. A smart fight nccurrjNf, in which we lost 334 men, and which ended by our men giving way before superior numbers and contimiing nn orderly retreat towards Knoxville, whoae defences were gained on the morning of the 17th. From -.thi4 time until the 20th, nothing of special importance occurred ; the rebels busietl themselves in getting into position, , while our men were equally industrious in throwing up works and preparing for a desperate defence. Hostilities were confined to picket-firing, and an occasional -Txchance of - compliments be- tweetv the batteries. On the evening of the 20th the 17lb Michigan made a gallant sortie and drove the rebels from a strong position which they occupied in the Armstrong House-and succeeded in reaching their defences with inconsiderable loss. .Three days laier" a similar attempt was made by the 20th Michigan, in which they charged upon the first line ol rifle-pits, carrietl, anJ held them for half au hour, but were then overpowered and compelled to fall back, leaving their dead and wounded. . Skirmishing and desultory cannonading continue! till the 29th, when, all of Loug-street's force having arrived and determined to attempt to carry the place by assault. Seven picked regiments were detailed for the assault, who, on lhe morning of the 29th, threw themselves against Fort Sanders with a hardi hood and desperation only equaled by price's magnificent charge upon, onr works at .Corinth. They succeeded in getting within one hundred yards of the Fort when they found themselves pluniml into a "boiling hell of lead," from which there was no escape. One thousand remained, and the remainder fled in confusion utterly unable to penetrate the hur ricane ofdestruciioo that enveloped Uie federal work. This was the only attack of great importance daring the siege4 ' Longstreet veterans, for once, had found their match in mettle, and .were chary of again facing the almost certain death that crouched behind our fortifications. Thereafter operations were mainly confined to skirmishing and vigorous shelling from the batteries, with a view, we snppoae; of keeping our men on the alert, tiring them out. and eventually forcing a surrender. Thia continued until the defeat of Bragg, and the approach Of Sherman; obi igel Longstreef " to abandon the siege and provide for hia own safety. U pon Ins retreat, aa we have learned by telegraph. Gen. Foster undertook to intercept him. but waa severely handled . at the crossing of Clinch River. - . "" '' Xmr entire loss dnrin the whole : siege was less than that sustained by the rebels in their desperate assault - upon. Fort Sanders, but among these was the gallant Gen. Sanders who was mortally wounded in a skirmuh at the beginning-bf the siege. - -': " ' The repulse of Longstreet settles definitely the poaseesSon of East Tennessee, and .Tor the future the Federal hold upon it will be as firm and deciled as in 'the' case of Missouri and Kentncky- ' ' :' ' ' l-': . !;'.Iwigstree " evidently eppoaol that he would itrive Burnside, without trouble, through Cumberland Gap. into Kentucky. . Ie did not expect a eiege, for he was not provide! with ige material, and benee it is that hte efforta so long eontlruel and" so desperate. pnluced soeh insignidcant reimlts. C'Atcoj 7 ' If Attacr statii that1 General Gar never diaoWva a-nrder. and baa newer covn plained of ike Gorera meat fog not,, furuiahtng; bun I1 th means ut tu power VXSTotie baa been : riven a Contrreaa.of a reaolatton lA Mrim an amendment nf tb eon.! stitotion. prohibiting slavery forever thrdugh-t out the United nited States-. " HEV7S OF THE.T7EE2. : tO Wm.BIack'a dry foo4 atore at Zaceavr till. Ohio baaJe tpbbeL Lea C5,C. ' ." SSF. bur corn crop . t 3i5eient ll3J&XCS3'r f buahtLs acoordiag t tie fttuata IA Vtii ingtow.-.; ;.-,-?-. r-' -; -t -.! -r;c . The Presldefit wmee ks tweaasaksST everal eeka agwhea It thoagkt f issaiejf - 1 own vqgreas met. r. , , s - , -r rH ia thought Congreaa will impeValiL tag upon whiakajr w ctcu or a, daHax arO- ' .,. -' . ; . - tSFTh trat tftj HtH of tl ?ae2aP, road in California will b oompUud ernhte the time required bj Ctwigraaa, z - 5?Mt ia nnMred tha1 tke IJoelcmde'or. WUlminrton u to W aUsngthaned by,aiao. Ous vessels. 9 The Quiney f III.) Herld foyers QeaV McClellan for President, and Gen. Qraai rbg. Vice President, -- . r - ; -SST At BHirtol, Tenteswe, m thw lfth,' Longsrrm's force were ia iiowo battk,aii4r kirmishiac, .r, , 1& Th SIonitoT T7ehawkeav haa .been , sunk at anchor inside Charlewtow .tXarbor' ; Thirty pewbna were drowtiedr it is expectoJ. that she caw raised, be ' rCj 'A'Paris ioornal states tnat aTl tii tsi tlnental powers have accell te the iirgpoai - tion ef a Euro pea Coogreea, with, the aoe twa 01 Auatna. . . ;v . - . The CoareJeraU aasaolt oi Knogtilkf on the 25th failed in consequence of forged, orders recalling General AssoTs brigade.. - -- . , - tSy Distillation of grain ia to be restricts! in Ohio and Illinois, as well as in Kectsehv and Teonetsee. This is on account of the shortness of the corn crop. . Our WAshiuelon correnondent states - that Mr. Emerson fit h fridge, being relieved . from his clerkship, will take the field for Oee- eral Oeorge B. McCleihta as the net Presi-. deat. . ." The Circassian, Captain Eaten, ar-. rived at Fortress Monroe on the 9th. When off Charleston the Circassian 'captured the' blockade-runner Minna with a valnabhs ear-gn. She tewed the Minna into UawaeOd, Roads. ; , -: . . ' Skr The Preaideal has pardoneI flea. iL, W. Gantt. of Arkansas, formerly In the Con fiderafe aervice, who recenily made a strng' ffnion address to lhe people of his" SmteVftoo' all peualties lor treason agaiaatthe Vi.L Goe ernmeot. ' - - . : - - -. tS The franda in the QuartenBaster'e T9 pnrtment at Alexandria will foot up million, of dollars. They have been going on under-the nose of the Government foreeven moatha. , XSjr A trrmemloua stampedeof 5(XX)hoTsee had occurred in one of the camps near Wash inftoa. An alterant was msie to stop thetn while paatdng- over the bridge, , Uu. it bttled and mauv were drowned. . , ; - , Mr. Lovejov's biil. in the . II raise of Representatives, declared all negroes free citizens ofhe tjuitet States, and campetent wrt- nwsesirt a Coart of justice. A atitt panrsh-ment is to be inflicted - apon any attempt reduce any of tltese- negroes back to slavery. - - Never trouble trpttble tilt trouble troubles you.. . . -' -" . ' . ' ;: Why is the nose put in the middle of the face f . Beeaose it ia the scenter. Lady "Do too like codfish bails. Mr. H.f" Mr. liesitftUng ''I never recollect attending one." . . "Did you know I waa here ?' said the bellows to' the fire. tlli, yea ; I always contrive to get wind of yon,' was the reply. " Mr. Nogga, speaking of a blind woodsaw- yer, says : vhi;e none ever saw turn sees ; thousands have seen hua eaw." , . Beef steake are every good things, but aTe douMedly tbey eometimes need to be hawked' over th coals. . Keep your temper in disputes. The cool hammer fashions the red-hot iron, to any shape needed. . ' - '. '"' - Too much agaervation gives a ground of ens - C'cion. Truth and honesty have no need Of xid protestations.' -r .. - A dry jester thinks -young lad lew Itoal-l- be eubjectoi to the coocripUuuv they are fO ae" customed to "bare arms." -; - Men are said to admire that which ther look upon, and to love that which they took down upon. " Look here, printer yon- have nt punctuated my poem at all." ".Well, sir, I'm nota poi uter I'm a tetter. -' . A malicion wag says, that if a lawver is" in danger of starving in a small village, "he invites another, and both thrive. . . Dick J umper thinks his master, the spirit merchant must be a "very righteous ittsu, for he baptises all hi liquor casks freely. . ; Perhaps the infant, when; be igha and weeps, hears, as In a eea-sheih the moan and roar of the ocean of life. ' ; V a - "Soldiers must be fearfllr, 'dUboMt. says Mrs. Partington, "as it aeemo-to he A nightly occurrence for a sentry to be relieved of his watch." " '-' ; . ' The tent pitched 'in front of the oM "f?aJe3 Bank in It.dianapolis, ha the folUwiog written on its ;aidee Come ia out of the draft. A . pretty gool-taottp, thaU. . "Mamma." said little girl, "teaa A oct speak f V Certainly not, my W. Thr wh y did von tell Anna to answer the door, this morning V9 ; - .- - " Love, in a tiny form, may -entry into th heart throagh small a pert u re.- nd.. after it gets in. grow o big; on what; it feed on. that it can never eqaeexe out agia ;- In the education of chihlrea- bodily health shoald Have primary attention The tree of knowledge ' sliould be grafted whh the tret ef-VUT ' - ' - C 1 . ;t'.- r-.-;"--"-J.-.-.--u.r.: "; Truth bar-- fore, - reasen autbaritr.-rand just ice 'powers but they are wUhout duster,, if tue uiojt graceful . wj and meaner be waat- JBS----'4vj!I V '- v V'"-.--"Each day btings iW own" dutiek InJlarrtes them along with il; an they are aa waves broken oti the hre.-nipy like cwniag' eAr. but none ever tba arn., 0 - :-.y ,lff. Smitbenw bow ran . you. -sleep -o ? Tli . mi iiMM ' fwn un these two tonra. 1 Well, what if be hasf thiccup.) U goea to bed at datk;wl0!e I'm OH iiUi.rtUljifi ter midnhr; (hiccap.) 4 A: epieadtf epecimea ebJrJry.; seen 'in the wwlowjo ft . beer vu. i-t-tba neigWHW'hoAd.of rTeet. 1 rrs sjju vis;, ' ia bis BearSold 1-Var,tar-ptia a wArt. . What is th 31ereneelwee: th Trine of Wales, the sou .of 7isiti, au cii-han and a banv t - Ower is 8 heir arcrsat. tie other . baire parent,' ih other- narr a,pamvaid J tha o'her vrarya ns iir eppire