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Latest from the North.

We have before us a copy of the New York Herald, of the 22d, from which we make the following extracts:

Chase for the Presidency — important circular.

The squabble for the Presidency is exciting some interest. In the of the 22d, we have the following circular:

Washington, D. C., February, 1864.--The The movements recently made throughout the country to secure the renom nation of President Lincoln render necessary some counteraction on the part of those unconditional friends of the Union who differ from the policy of his Administration.

So long as no efforts were made to forestall the political action of them one it was both wise and patriotic for all due friend of the Government to devote their influence to the suppression of the rebellion. But when it be cames evident that party machinery and official influence are being used to secure the perpetuation of the present Administration, those who conscientiously believe that the interests of the country and of freedom demand change in favor of vigor and purity and nationality have no choice but to appeal at once to the people before it shall be too late to secure a fair discussion of principles.

Those in behalf of whom this communication is made have thoughtfully surveyed the political field, and have arrived following conclusions.

  1. 1. That even were the re-election of Mr. Lincoln desirable, it is practically impossible against the union of influences which will oppose him.
  2. 2. That should he be re elected, his tendency towards compromises and temporary expedients of policy will become stronger during a second than it has been in the first, and the cause of human liberty and the dignity and honor of the nation suffer proportionately; while war may continue to languish during his while administration all the public debt shall become a too great to be borne.
  3. 3. That the patronage of the Government, through the necessities of the war has been so rapidly interested, and to such an enormous extent, and so loosely placed, as to render the application of the "one term principle" absolutely essential to the certain safety of our republican in situations.
  4. 4. That we find united in Hon. Salmon P. Chase more of the qualities needed in a President during the next four years than are combined in any other available candidate his record, clear and unimpeachable, showing him to be a statesman of and an administrator of the very highest order, while his private character furnishes the surest obtain guarantee of economy and purity in the management of public affairs.
  5. 5. That the discussion of the Presidential question, already commenced by the friends of Mr. Lincoln, has developed a popularity and strength in Mr. unexpected even to his warmest admirers; and while we are aware that this strength is at present unorganized and in no condition to manifest its real , we are satisfied that it only needs and faithful effort to develop it to an extent sufficient to overcome all opposing obstacles.
For these reasons the friends of Mr. Chase have determined on measures which shall present his claims fairly and at once to the country. A central organization has been effected, which already has its connections in all the States, and the object of which is to enable his friends everywhere most effectually to promote his elevation to the Presidency. We wish the hearty co operation of all those in favor of the speedy restoration of the Union upon the basis of universal freedom, and who desire no administration of the Government during the first period of its new life which shall, to the fullest extent, develop the capacity of free institutions, enlarge the resources of the country, diminish the burdens of taxation, elevate the standard of public and private morality, vindicate the honor of the Republic before the world, and in all things make our American nationality the finest example for imitation which human progress has ever achieved.

If these objects meet your approval you can render efficient aid by exerting yourself at once is organize your section of the country and by corresponding with the Chairman of the National Executive Committee, for the purpose either of receiving or imparting information.

Very respectfully,
S. C. Pomercy.
Chairman National Executive Committee.

The war New.

The war news in this number of the Herald is not very starting. to Sherman's movements we have the following:

Huntsville, Ala., Feb, 20, 1864.--It is rumored here that General Sheman has Irad a fight with General Polk near Brandon, whipped him, and taken twelve thousand prisoners.

Official information from General Dodge was received at Gen. Logan's headquarters to-day that the rebels, supposed to be Roddy's command, attempted to cross the Tennessee river at three different ferries. but were driven back by General Dodge's troops.

Our loss was very slight.

A dispatch from the department of Western Virginia, in speaking of the capture of twenty five of Mosby's men, says:

‘ Yesterday Major Cole while in command of a portion of the First Maryland cavalry battalion, had a skirmish at Piedmont Station, Fauquier county, with Mosby's command.

Major Cole took seventeen prisoners, among them three officers.

We lost about two killed and two wounded.

The rebels are reported to have had five killed and a larger number wounded.

When attacked Mosby had just received a commission as lieutenant colonel, and himself and men were at the time having a jollification over the good luck they believed would attend the promotion.

The officers we captured were taken in their good clothes, they having put them on to make a "stunning" appearance at the social and jovial gathering of the friends and officers and men of the promoted major.

There is nothing new to report from the Shenan death valley as regards Darly's position or movements in South Branch valley.

Our scouts are active, making capture of guerillas and picking up deserters.

From the Kanawha region there is nothing new Refugees continue to come in to General Crooke it is estimated that two thousand refugees and deserters have come within the lines of General Kelly's department since the 18th January 1864.

Old Abe's last proposition.

Mr. Titian J. Coffey, who signs himself as Acting Attorney-General, has issued, under the instructions of President Lincoln, a circular upon the restoration of the property of repentant rebels.--The liberality of the propositions contained in this last official document from the Northern Department of Justice may be judged from the extract which we publish below. The circular seems designed as an authoritative interpretation of Father Abraham's proclamation of the 8th of December

Many persons against whom criminal indictments, or against whose property proceedings under the confiscation laws, are pending in the Courts of the United States, growing out of the participation of such persons in the existing rebellion have in good faith taken the oath prescribed by the proclamation of the President of the 8th of December, 1863, and have therefore entitled themselves to the full pardon and restoration of all rights of property, except as to slaves, and where the rights of third parties have intervened, which that proclamation officers and secures. The President's pardon of a person guilty of acts of rebellion will of course relieve that person from the penalties incurred by his crime, and where an indictment is pending against him therefore the production of the pardon, signed by the President, or of satisfactory evidence that he has complied with the conditions on which the pardon is offered, if he be not of the class excepted from the benefits of the proclamation, will be a sufficient reason for discontinuing such criminal proceedings and discharging him from custody therein. Nor is it less doubtful that a bona fide acceptance of the terms of the President's proclamation by persons guilty of acts of rebellion, and not of the excepted class, will secure to such person a restoration of all the rights of property, except as to slaves and where the rights of third parties shall have intervened.

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