Among the various articles and items necessarily crowded out of the Dispatch, of yesterday, on account of our large quotations, from the New York Herald, of the 25th, were the following from that paper of the same date:
"Richard's himself again, with a vengeance."
The grand army (says the Herald) is itself once more. One of the finest displays of cavalry and artillery, ever witnessed upon this continent was made this afternoon upon the parade grounds, one mile cast of the Capitol. There were two thousand cavalry and eight batteries of artillery in line. Each battery consisted of six pieces, making forty-eight cannon in line. About an equal proportion of 32-pound howitzers, Parrot rifled cannon, James's rifled cannon, and Napoleon guns, constituted the character of the ordnance. The cavalry was under the command of Gen. Stoneman, and the artillery under the command of Gen. Barney, both aids to Gen. McClellan, and detailed to the several services named. The whole was reviewed by Major General McClellan at four o'clock. The General was accompanied by Gen. Van Vleet, Quartermaster of the Department of the Potomac, Inspector Gen. Marcy, Capt. Sykes, and Capt. Hudson, of Gen. McClellan's staff, Gen. Mansfield and staff, Gen. and staff, Gen. Fitzjohn Porter, Gen. Meigs, Gen. Keyes, Gen. Smith, Gen. Blenker and staff, including Prince Salm Salm and the Prince de Joinville, and son and two nephews. This entire party accompanied the Commanding General in the grand review. It was witnessed by five thousand people, and was highly satisfactory to Gen. McClellan, to the guests, and the spectators generally.The Prince de Joinville, Prince Salm Salm and other experienced gentlemen from the classic needs of Europe, who have witnessed many military displays in their own countries, exprss their admiration of the appearance of our men, especially when they learned how short a time they had been mustered into service, and do not hesitate to say that they never witnessed a spectacle equal to it in Europe. The character of the ordnance and precision of manœuvres of our men elicited their enthusiastic applause.
The companies of regular cavalry on the ground, though indifferently equipped, showed good drill, and the raw volunteer regiments evidenced much improvement upon their condition when brought here a month since.
Towards the close of the display an accident occurred of a serious character. As the artillery was passing at the double quick the tongue of a caisson broke, throwing the artillerists from their seats, and causing severe injuries to two of them, namely, James Green and Wm. Hatfield, of Company K. Fourth Artillery.
The Southern expeditions — the New York stock market.
[From the Herald's Money Article.] Everybody is aware that several expeditions of a mixed character are being fitted out for operations on the Southern coast, and it is generally understood, that one of them at least, is intended to seize and re-open to the commerce of the world a leading cotton port. We recommend our mercantile readers to keep a very close watch on this matter. The consequence of a very successful landing of Union troops at Mobile, New Orleans, Savannah or Pensacola, and the re- opening of such ports to the cotton trade, would be very important, and might prove fatal to operators who allowed themselves to be taken by surprise by events. The first step of the commanding General of the Union forces, on occupying such a port as we have mentioned, would be to invite all loyal citizens of the South to send their cotton thither for shipment. It is likely that the invitation would be very largely accepted. There are, it is well known, numbers of Union men throughout the South who would gladly accept a safe opportunity of returning to their allegiance. Half the people of New Orleans are reported to be in this frame of mind. And besides these, even the most rebellious planters must be in terrible straits for want of money. An offer for fifteen or twenty cents a pound for cotton, which is now lying idle on their plantations, would try their attachment to the rebel cause somewhat sorely. There must be large numbers of planters, in the Gulf States, whose families are suffering for want of the necessaries of life, and yet who have hundreds of bales of cotton ready for shipment, and worth at present prices, from $80 to $100 a bale. It is pretty certain that a sufficient number of those planters would avail themselves of the re-opening of one of their ports to create a perfect stampede in the cotton market, and a very marked perturbation in foreign exchange. Operators will do well to keep this prospect in view.
New York stock market.
The effect of the surrender of Lexington was felt in the stock market of New York, Wednesday. But little was done and the market closed at the following quotations. Registered, 1881, 90 ½a90⅞ Virginia sixes, 51½a52; Tennessee sixes, 43¾a44: North Carolina sixes 61¼a62; Missouri sixes, 43a43¼.
