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ese acceptances, being manifestly irregular, could with difficulty, and but to a moderate extent, be negotiated; so that the embarrassment of the contractors was thereby scarcely mitigated. Under these circumstances, it appears, Mr. Russell had been made acquainted with Mr. Bailey, and had, by some means, induced the latter to supply him with a large amount of bonds from the safe under his control, substituting therefor Mr. Floyd's acceptances aforesaid. The bonds he had hypothecated in Wall-street and raised money thereon. As our national sky darkened, the bonds depreciated, and the lenders called on Mr. Russell for additional security, which he furnished in the shape of more bonds, supplied by Bailey; who, finding himself inextricably involved, addressed, on the 18th, a letter to Secretary Thompson, disclosing the more material facts, and pleading that he had taken the bonds only to save the honor of Secretary Floyd, which, he was assured, had been compromised by his advances to
sly awaited — which had seemed so often just at hand, and the next moment farther off than ever — so intensely longed for by the Millions' who had for years been constrained to endure the taunts of Northern sympathizers with the Rebels, and the heart-sickness of hope deferred. These instantly and undoubtingly comprehended that the fall of Richmond was a death-blow to the Rebellion, and rejoiced over it accordingly. In New York, an impromptu gathering of many thousands immediately filled Wall-street, and listened, with cheers and thanks-giving, to dispatches, addresses, &c.; while the bells of Trinity and St. Paul's chimed melodiously with the general joy and praise. So in Washington and other great cities, the popular feeling of relief and gratitude found many modes of expression, wherein the readers of next day's journals will detect no unmanly exultation over the fallen, and scarcely a word bespeaking wrath or bitterness, or demanding vengeful inflictions on those whose unhallowe
il life of Washington, where despotism sheathed its last sword and constitutional liberty swore its first oath; where steam first boiled its way to a throne, and art and commerce and finance, and all the social amenities marshalled their forces to the sweet strain of the first inaugural — here, where government began and capital centres, is the sheet anchor of American loyalty. Nothing so disappoints secession as the provoking fidelity of New York to the Constitution. From the vaults of Wall-street, Jefferson Davis expected to pay his army, and riot in all the streets and in all towns and cities of the North to make their march a triumphant one. Fifty thousand men to-day tread on his fallacy. Gold is healthy, gold is loyal, gold is determined; it flows easy, because the war is not to subjugate or injure any one, but to bring back within the protecting folds of the Constitution an erring and rebellious brother,--a brother whom we have trusted and toasted, fought with side by side on