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   New York Times, The (Newspaper) - January 24, 1862, New York, New York                               VOL. 3226. NEW-YORK, FRIDAY, JANUARY 24, 1862. PRICE TWO CENTS. FOUR DAYS LATER FROM EUROPE, TftE CITY OF NEW-YORK OFF CAPE RACE, News of the Rendition of Mason and Slidcll Received in VERY GENERAL REJOICING AT THE RESULT EXTRAORDINARY ADVANCE IN CONSOLS, The Cotton IWurltet Excited nud Buoyant. THE PIRATE SUT4TER AT CADIZ. Ship Yifiilnst, the Bai-k Ekn Dodge, and llic Schooner Arcade Burnt by Her. The United States Gunboat Tuscaroia "Watching the Kasuville. CAPE RACK, Thursday, Jan.. 23. steamship Ctly JVetr-York; Liverpool on Wednesday, the via Qucenstowii on Thursday, the Oth lust., passed point at 10 o'clock this morning. She was intercepted by the News yacht of the Asso- ciated Press, and the following important intelligence bo In her dispatches: i Trie steamship from arrived at Lir- ferpool on I tie 6th Instant. t The City of Nnc-Yurk reports having experienced strong westerly gales during the entire passage. GREAT UKITAIN. Pending the arrival of the Europe, thc-iv was a feeling of great suspense In England, but the but temporarily depressed. Some jouinals nrguc that a definite answer was not to be expected by the Eurupj, and tl ink the canst- uf peace loses nothing by delay. Others construe the delay un favor The! Horning thinks it diminishes the hopes of peace, aid that the Govern, xncnt will propose a compromise, but vUiU'h will not for a moment be entertained. The a-kswhv the decision ithoulit be If favora'jlc for peice, and immediate surren- der of MASOH and SLIEEU. would have been a greater blow to the. Confederates than a victory on tin: 1'oto- mac, ar.d-worlb millions to the Federal exchequer. The Daily .Vir? sees> nothing but peace. All the journals publish senii-ofhc al acco of the proceed of Lord LTOJ.S up to 23, en he bad sented the formal of the llriibh Govrrnnient. An answer was looked for by the due on the 13th Ini'., and the Cabinet hail been sum- znoned to meet in council on the 14th Intt. Dr. RUSSELL, in his correspondence to the London predicts that the Cabinet at Wa'hington wil refuse to surrender up Messrs. MAJOM and t Sunn L. He also savs that vlctor> over the Confederate army has become a political necesjity, and tint Gen. Mc- CLCLLAN it- Using pressed on all sides to make a for- ward movement. The advices per the Euro fa caused an upward ten- dency In war risks at LIOIDS. The Paris' and tha Pays say that the Govern- ment at Washington offered to restore Messrs. M tsox and SLIDILL on condition that England would nut recognize the Southern Confederacy: Tho London Homing JXerald says that if the SLIDEU. and MASON affair is settled, England and France have an Inducement, on commercial grounds, to repognize the well-earned Independence ot the Confederate States, and that unless the step is manfully taken by the Ministers at once, it iscei lain to be taken ry Par- liament on its 1 The Daily Ktwt that any recognition of the Confederate States Is toe abhorrent to English princjl pie to be really a aubjgct for apprehension Additional batteries of artillery were under orders to embark. The London Timet shows that by the beginning of February Ihe squadron of Admiral MILHK will num- ber seven llne-of-baltle-Ehlps, thirty-three frigates twenty-fire corvettes and sloops-of-war, and specif latei on what he can do therew Ith. The shipment of ammunition to the Atlantic squad ron unabated. The privateer Aumrer, or arrii Ing off Cadiz, u Ith the crews of three National merchant permission to enter the port. The Ameri- can Consul demanded tnat tlie request should bo re fused but it was granted, on condition that the pris- oners should be placed under the protection of Spnin, ana the kumtcr then entered tlie port without being Minted. It rumored that the American Consul would on account of the resolution of Spain. The British Parliament Is summoned to assemble on (he 6th of February, but it can be called curlier If too exigencies of the case should demand it. the Austrian dlrpatch to the Govern mint at Washington on the Trcit affair, doled Vienna, Do-. 10, hid been published. It fully justifies the action of England, and that the Washington can comply with the demands of Eng- Jamt'aithou! the least sacrifice of dignity. THE CONTINENT. The Continental news Is unimportant The (Paris Bourse uu firm anil higher, the Renter quoted at ftrf. 90c. .A rick-lit earthquake occuircd in Greece. CHINA AND AUSTRALIA. CANTC.V, Nov. 3, A coup d'ibat lias taken phcc rt Pekin. The Cabinet have formed under Prince bttnJmprlsoned.'and c. new I 15.1631. mill amount The shipments of (fold since the last 4o one hundrt d and forty-nine thouiar d ounces. THE LATENT NEWS. Thursday. The steamship of Watfringlan, from New- York, has arrived. Tlie steamship Jury, froa Portland, also arrived here on the Both the above steamers brought Ike announcement of the satisfactory adjustment of the Trent affair. The rendition of MASOX and SLICCLL to Ihe cuslo ly of LordLroas was received with the greatest Eutls- some journals complain of the ungracious manner In which the Washington Cabinet procccdti Others record dufe credit for the act, aim tha manner with which, the settlement was cr, Consols immediately assumed a tuiic, and advanced over one per cent. The UnlleH States gunboat Tuirarara has arrlvt'J at Southampton, supposed for the purpose of looking after the pirate Nathvtlle, which remained at that port ready for sea. I The vessels destroyed by the pirate Svmtir were as follows: Ship Vigilant, bark Eben Dodge, and echr. Arcade, The King of Prussia Is ill. Commercial News by lUe City of Now-Vork. LIVERPOOL COTTON MARKET. The sales of COTTOH on Monday and Tuesday reached bales, including to speculators and exporters. The market was generally unsettled, ow to the of definite, advices from America relative to affulr, and closed quiet, at unchanged quotations. The adv cm from Manchester wcrp unfavorable, the market for goods and jams being u: si tiled, light transactions. 1 LIVERPOOL DRFADSTUFFS UAIXKKT. The DABipSTDiFb maikct had U declining tendency, except for CORN, which ruled firm and bliahtly up- ward. WAKimLD, NASH   reduced Its raie tf minimum discount to '2% V cent. IMPORTANT FRCMTHE IOWER I3TOMAC The National Countersign Known to the Rebels, i Exasperation at the Cbcupc of llic Poiisacola. From Our Own Correspondent. Qi.Atvtena llii.isi. xr M4u-iA u-iA'ni'sr.TTS i 11 I., IKiJ. J Wfilnevlay. There is tuo much truth in" the pu1 li-l'cd intho TIMH, concerning the f un liarity of the rebels along the liver with our They not mily frnivntly duicn to tlie ben Ii of a rno'mng, and dtrii.n'y c y out til our puk our countersign uf the jrinaiis. (f ut a ,1m us uith uliit i' liiiouri by hut one rr in tti< intire Dii.ntiun.ii.hat u In tcl the tit tntuing night.. Thry alia of httring, ljy ntfam of our citintertign, trairUd along our entire dn IXI-HI lines, and ascertained our exact tumlity, t unbelt, ant nt.turr uf armnmrnt i i a night, ami, u-iliaut Am' dranir of iitipicmn, retire t successfully ti. their aerntt theruer. IfMtUF'be so, they mufl be fainllia. with our secret flgn which are now Issued In con- nection with our touutersign. Since the successful passage of the Pen.iacola the rebel batteries at Ship 1'olnt, the enemy at th.i Point has exhibited a very suriy and bcl Igercnt position, having given their powerful war-dogs un trammeled license. They hav c attacked, with a mos zealous and destructive vigor, every species of craf which his presented Itself within their range but I really seems as if the destructive missiles were directed In their screeching courses jy a powei against which human skill Is impotent and use The blockade of the Potomac, which has beer Instituted with tlie greatest cure, and upt n which the enemv have built high es of has proves a miserable and total failure. Alread) upward o worth of ammunition alone cnexpendct upon vessels passing the batteries at Coc tpit and Ship Points. This large outlay could not hu 'e been more lost to them had K been bi rlrd deep in the ocean, for they have not been indemnified by a dollai's injury to any loyal" propert', nor has It been of the slightest apparent benefit tn themselves in artillery practice. Not the mlnuteft visible Im- provement has been observed In their firing from the moment they first lighted the torchon th Potomac to the present time, and we'are beginning to think that every object against which the rebels conspire i endowed with a miraculous and charmed existence. The Pensacola, although compelled, from the nature and depth of the river's channel, to run within short musket range of the rebel works, actually experienced less dancer from their shots than did our pickets, a mile and a half dUtant on the Maryland shore, and many of their guns were elevated at such an angle 'with the to throw their elicUs sixty or seven- ty feet above her, and a full mile back into the oppo- site bhore. After the-firing ceased en that occasion, much vi- tuperative language was indulged In iiy the i rebels against one another for their Inefficiency. Crlmina- tloni recrimination and tcctisattons of treachery weic freelv circulated nmont the du.ippolntqd enemy, and which, if c.irrlet into execution, have bi en very destructive U each'other, were dlttinctly coming to our ci ra from across the river as they out their icavy guns, nnd sullenly tlifd from their Ignoble early tnorning work. Tl.ere has been recently, by every Indication la- to military reasoning, an Important withdrawal- of tin1 rebel forces under i PINCMBT, In ihe im. m  Jan. 23. J There has bcui no arrival from the Burnsido Ex- peJlllon ns >ct. The Norfolk Day Rook of Wednesday, hits a dis- patch dated Goidaboriiuuu, Jan. 21, 4 1'. M., announc- ing that one hundred vigselsof the Burnslile Expe- dition arc inside i'Hinlico hound, nnd twenty large steamer? outiidc. No allark had been made, but the wnmcti and rhhdion me leaving New been, where a light is expected to take pl.icc. NEWS RECEIVED IN BALTIMORE BALTIMORE, Jan. 23. The special corrfjioncli-nt nt Forl- re -s M  in check nearl) half un hour before .being rein- forced. First and Second Tennessee were ordered up on thf right wing for the purpose of outflanking the enemy, SiAKDinT'Btiiid WuiTiom's artilleries in the meantime sh  demerit d, ami standing as when o  master, K- Iloardsley Second ASs.itant Engineer, William K. Third ArslitanlsJ. A. bcott, C. II. Green- leaf und U. M. IZJviard, Acting Master's Mates, T. A. Babb, J. Utter und J. G. O.boine. The mortar-boats Rarer, H iltiims and left the jard yesterday. The frigate nutilcd down tlie yard, and the rneu employed during the greater part of the day In getting in the necr.ssar> supply of wood, frcih beef, and other conrnts'-ar) The steamers Su Awijtwatand hav- ing Ihdr coal bunkers Clitd up. Thcgnnbont KVmmnAo, having wived heratoies and provUlons, hauled" Into the stream, where she will reecivo her powder, :-nd sail lortlnvl'.li. Ihcntnre twelve set-els belonging to Cuiit. POP- TEI-'-I mnrlar fleet now nt the Yard, reccivim; their fee. Their nrc llrlg Sea sdioon- ers .tf. Jr., C. Jonft, i'ara, tl'- Kactin, U. J. CarlJmi, i1. Ilrlicti, II. Lee, Arietta, Urn alia, The Al. Vaunr will be i omintaloncd to-day. A iiuinl'fr of nrti-il 1'airoi guns and moriurs and a (jiinnlily of Mull aim en at llie I aid, aiid vvcit- tinned ovi'r lo ttie urtiiianfe '1 he ticw will have sttfam   DurclidaC. In the- Lutuiun Tuntt uf Jan. .1, foi i i- inuplc, ue lind the fallow As the emergency was prc Mng, the- re.'fr.n Government at once- resolved on a vvl.uie lieit of ves-elifiom the mtu.uu. 'II. y rpent tin this service about a million and a .1 money, uiid up itpp.trrnll> fv  u gun ur IAO. Ti.oy did nottvc'n confine thtin-i Ivi s .o but i, up sailint; brigs, baiks and b. In oi...i vviilcli ihev iii'di'd to pa' fenj-oo i'-, LM! MI tnen Ti ll..li-, III il t 'ipocd nri-Ch u fr< ni I' 1 ti.gs, b r the U -i to. ng in mil d tlie- ir, -i firvv hiih UK '.n'rtav of our .it.v i! luice was it quiied, r wi t apptdr that fie Gov. t rr ineni ii p o- vi Jid lit If with aveiyns, n ,i Hkcn no notiit of the ithMiid 01 '.1 nuuibtr of serviceable vo stis in tin jttl.e Ini-akuii; on! of tlit war. .Tin jw.clr eu .t as follows IMPORTANT FROM PORT ROYAl, Arrival of the Steam Transport Atlantic. A Large Quantity of Cotton on Freight. Improved Condition of Affairs at Beaufort, Interesting Incidents Following the Battle at Port Royal Ferry, The Second Stone Fleet Cone.toi MAFTIT'S CHANNEL CLOSED. Industry and ttood C'otitinct of the o-i 1 n am tiinii. m.. "i v r. 1 11 ti tvv a.i.t i. t' t? piiic' Tl.o Atlantic, Po t Uojat on Jun. 'Jit at IhN port Mils i.iorn- ins- l.iUi of cut ton uiigiiuicd.rj hali s Ktuticd, one piano-forte and one billiard table, to Colli cloi Atiiong lirr patten- ft ri we nolke Col. II. Govciiinicnt at Port Royul Col. Wtuii, I't nn> and Major of the irhlgju Volunteers, wiio was ar.d it nt feared v.ouTVd In the battle at 1'oilRujHl Foiry on Jan. I. DIMS L. Ccinpiiny 11, >ourtli NCM-II .IT thirc Volunk'cn, oUoi! on board the Atlantic, of con.iuinj lion, fjn her v from Port 1 IIL s UIIL fjiirti'in ve.'" "h lofi P  arc to sniiK in cn'rancc of C'lHii-it-U. tlio mo tli.otifih which llic f i .1 re- went Into C'l-rlostun, of the -S.4I.-f.i tin i. (ago df Culia 10 It-fl! Hhoilc liluiid State t lorula W..-nd ink tire I nl. isrilcr r IVn )hcniK6 I recljorn Bell S'.ouea James AUger Itatti ras. ommodiire Vcrry 2 Com Uarucy 2 Join, 1' Jiukion '1 csttivld Clifton 6 ItS'J 1-51 1M1 y 1-Cl Kerry' tcny crry Guns n t l-irrj 1-M ferry I.. 1 im, It I in'. OUR PORT ROYAL CORRESPONDENCE. TITK AFfAtr. OF JAX 1 Kir: RTFNCJ CK A FHAfj Ql XOJJIVTS OF VALLAN- DtSOUhSiON WITH Till. COXVALFSCENCS OF MAJ. 1'AMO AT C'HAEl ESTOJf. BEIUFORI, S. C., Jan. 1C, 16C2. The facilitj with which the sir im transports have been unloaded, since the authorities chose to avail themselves of the accommodations i.t tlie JJeay- fort wharves, has had the effect of Royal of the Idle vessels which woe -a to people of economical tendencies. Die almost simultaneous departure of these steamships pas come a curtailment of our pot-tal facilities, nove ejpcrlencc has been afforded visitors to the Palmetto an Interval of ten JnvS.be" tu een tl.c difuatch of one in und the making up of finother. As fat as I nm concerned, the cir- cuinstitnre litile inconvenience, BF of 'not time, though In many imjoitanf, wc m-ilnly not of a clmiacttr to m.iko public Everything Indicates stirring matters coon, and R chance, wltli apparent certainty of success, for Gen. SUEBUAH'S command to relieve It-self of the s'.hjma of inaction whlci. I sincerely think Las been catt upon It most unjust'y. I have been passing a few pleasantly at Bcati- fort, and find that Uic Interest rUuching to the alfair of tlio 1st Inst. at Port Royal Ferry, was exhausted with the recital of the I'UIo Itweut and rout of tho chivalry." We have since with Ihe rcoelg under a flag of truce, for the purpose of the remains of VALLIKOIOHAU, the wounded man who was abandoned by bis comrades when they fUd from 'ho fortification, for those of Corporal J. Q. Arums, of Company A, Michigan Eighth Regiment, who vvag captured by the enemy after he had fallen mor- tally wounded In front of the battery concealed la the woods! i For the the fo'I< wing narralhe, respecting j VALLAXoiauiL'i death arrl tlio interview I ho enemy, I am Indebted to Dr. Ccosut S. KtantE, Sur. gron of Sttrttn' Jlrlga-lc, who was dearer of the flag j of truce. It WRi lute on tho night of tbo 1st, and tho doctor, with u few volunteers, went out upon the to bury three dead bodies which bad been shockingly, mangled bra ihcll from one of the gun'joa's. Tlicy hail iKtirl) finished this l.urnanc Vvork, wlicn a cry o distress reuthed them from the cornCeld at tlie skid oJ tho road. Going to the place, tlicy saw nix Ij lag upon Ills baik, cfcatly cxoftubted, v.itli n shatteipd guaa few fctt distant from him. lie ttild bis nimcj nnd suM th.itho had been among the injured. Knowing how needful a draught cl water miiiit be to one In Ins condition, the doctor bade ona of his mtn give him a drink fiom his can. tren. VALLAXBWUAV, tortured by thirst he was, could not be prevailed upon to taste It until our men hivd first drank sumo, for he haj en ta ijht lo believe that we did not hesitate to j olion whom the chances of war threw Into our hinds. He was carcfullv removed to ono of the uotfts and p'aced under the care of Dr. .Metroim, o't'ic For- ty-clehth Rculmrnt, who dul to miko him comfortable, llut ihe jMinr ftlluiv 10- culvcd every attention w.th distrust. attempted several to ndmln 'tor an Which he repeatedly lo Ii! o, 11 huil.-h .uf. ferlngs tuive been Intinsc. Dr. Ki-jju-r, IHJB   

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