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Early County News. VOL. V. (fearlti Count it Hetos. <-b <o w Terms of Subscription: For. 1 Year 5,00 For 8 Months 52,50 _ .So subsciptions received for less than six mouths, aud payment always required in ad vance. V SCALE. OF PRICES To fee Charged by the “Early County Sews.” I Square, (occupying the space of ten Bour geois lines,or less,) one insertion,...S 2,00 For every subsequent insertion,., 1.00 Obit u ary notices charged as advertisements. The Currency Bill, i; An Act to be entitled ‘An Act to Fund, Tax and Limit (he Currency!” JBec. 1. Tito Congress of the Confeder ate States of America do enact, That the holders ot'rall Treasury notes above the de nomination of five dollars, not bearing in terest, shall be allowed, until the first day of April, 1864, east of the Mississippi, to fund the Same, and until the periods and at the places stated, the holders of all such Treasury notes shall be allowed to fund the sam,e in registered bonds, payable twenty years after tlieir date, bearing interest at the rate of four per ceut. per annum, pay able outlie first of January and duly of each year. Sec. 2. The. Secretary of the Treasury is hereby authorized to issue the bonds re quired for the funding provided for in the preceding section, and until the bonds can be prepared he may issue certificates, to an swer the purpose. Such bonds and cer tifkates shall be receivable without inter est in payment of all Government dues pavable in the year 1861, except export aud import duties. See. 3. That all Treasury notes of the denomination of one hundred dollars, not bearing iuterest which shall not be pre sented for funding under the provisions of the first section of this act, shall, from and after the first day of April, 1861, east of the Mississippi river, and first day of July, 1861, west of the Mississippi, cease to be receivable in paymeatit of public dues, and said notes, if not so presented at that time, shall, in addition to the tax of thirty-three and one-third cents imposed in the fourth section of this act, be subjected to a tax of /on per cent, per month until so presented ; which taxes shall attach to said notes wher ever circulated, and shall be deducted from the face of said notes whenever presented for payment or for funding, and said notes shall not be exchangeable for the new issue of Treasury notes provided for in this act. "See. 4. That on all said Treasury notes not funded or used iu payriient of taxes at the dates and places prescribed in too first section of this act, there shall be levied at said dates and places a tax of thirty-three aud oire-third cents for every dollar prom ised on the face of said notes; said tax shall attach to said notes wherever circulated, arid shall be collected by deducting the same at the Treasury,.its dospositories and by tax collectors,and by all Government offi cers receiving the same whenever presented for payment or for funding, or in payment of Government dues or for postage or in ex change for new notes, as hereinafter provid ed, and said Treasury notes shall bo fun dable iu bonds as provided in the first sec tion of this act, until the first day of Jan* uary, 1865, at the rate of sixty six and two-thirds cents on the dollar; aud it shall be the duty of the Secretary of the Treas ury at any time between the first of April aud the first of July, 1864, west of the Mississippi river, aud the first of January, 1 865, to substitute and exchange new Treas ury notes for the same at the rate of sixty six and two-thiwls cents on the dollar: Provided, that notes of the denomination of one hundred dollars shall not be entitled to the privilege of said exchange : Provid ed further, that the right to fund any of said Treasury notes after the first day of January, 1865, is hereby taken away: And provided further, that upon all such Treas ury notes which may remain outstanding on the first day of January, 1865, and which may not be exchanged for new Treas ury notes, as herein provided, a tax of one hundred per cent, is hereby imposed. Sec. 0. That after the first day of April next, all authority heretofore given to tho ,Secretary of tin; Treasury to issue Treasu ry notes shall be, and is hereby revoked : Provided the Secretary ol the Treasury may , after that t ime, issue new Treasury notes, iu such form as he may prescribe, payable two years after the ratification of a treaty of peace with the United States, said new is sues to be receivable in payment of all pub lie dues, except export, and import duties, to be issued in exchange for old notes at the BLAKELY, GEO., MARCH 2, 1864. »<■—■ .whbi jb giwrjttMni—mmwwww— rate of two dollars of the new for three dollars of the. old issues, whether said old notes be surrendered for exchange by the holders thereof, or be received iuto the Treasury under the provisions of this act; and the holders of the new notes or of the old notes, except those of tho denomina tion of one hundred dollars, after they are reduced to sixty-six and two,thirds cents on the dollar by the ’tax aforesaid, may convert the same into call certificates bear ing iuterest at the rate of four per ceut. per annum, and payable two years after tlie ratification of a treaty of peace with the United States, unites soefuer converted in to new notes. See. 6. That to pay the expenses of the Government, not otherwise provided for, the Secretary of the Treasury is hereby authorized to issue six per cent, bonds to an amount not exceeding five hundred mil- . lpns of dollars, the principal and interest whereof shall be free from taxation, and for the payment of interest thereon the entire net receipts of any export duty here after laid on value gs any cotton, tobacco, and naval stores, which shall be exported from the Confederate States, and the. net proceeds of the import duties now laid, or so much thereof as may be necessary to pay annually the interest, are hereby spe cially pledged: Provided, that the duties now laid on imports are hereby pledged aud shall hereafter be paid in specie, or in sterling exchange, or in coupons of said bonds. Sec. 7. That the Sccvetary of the Treas ury is hereby authorized, from time to time as the wants of the Treasury may re quire it, to sell or hypothecate for Treasu ry notes said bonds, or any part thereof, upon the best terms he can, so as to meet appropriations by Congress, and at tho same.time reduce and restrict the amount of the circulation in Treasury notes within reasonable and safe limits. Sec. 8. The bonds authorized by the sixth section of this act, may be either reg istered or coupon bonds, as the parties tak ing them may elect; and they may be ex changed for each other under such regu lations as the Secretary of tho Treasury may prescribe. They shall be for one hun dred dollars, aud shall, together with the. coupons thereto attached, be in such form and of such authentication as tiic Secreta ry of the Treasury may prescribe; the in* terest shall be payable half yearly on the Ist of January aud July iu each year : the principal shall be payable not less than thir ty years from their date. Sec. 0. All call certificates shall be fun dable, and snail be taxed in all respects as is provided for the Treasury notes into which the are convertible. If converted before the time fixed for taxing the Treas ury notes, such certificates shall from that time hear interest upon only sixty-six and two-thirds cents for every dollar promised upon their face, and shall be redeemable iu new Treasury notes at that rate ; but after the passage of this act; no call certifi cates shall be issued until after tbe first day of April, 1864. Sec. 10. That if any bank of deposit shall give its depositors the bonds author ized by the first section of this act, iu ex change for their deposits, and specifying the same on the bonds by some distinctive mark or token, to be agreed upon with the Secretary of the Treasury, then the said depositor shall be entitled to receive the amount of said bonds in Treasury notes bearing no interest and outstanding at the passage of this act: Provided, the said bonds are presented before the privilege of funding said notes at par shall cease as herein prescribed. Sec. 11. That all Treasury notes here tofore issued of tho denomination of five dollars, shall,continue to be receivable in payment of public dues, ns provided by law, and fundable at par under the provis ions of this act, until the first of July, 1864, east, and until the first of October, 1864, west of the Mississippi river, but after that time they shall be subject to a tax of thirty-three and one-third per cent, on every dollar promised on the face thereof, said tax to attach to said notes wherever circulated, and said notes to be fundable and exchangeable for new Treasury notes, as herein provided, subject to the deduc tion of said cax. Sec. 12. That any State holding Treas ury notes received before the times herein fixed for taxing saiu notes, shall be allowed till the first day of January, 1865, to fund the same in six per cent, bonds of the Con federate States, payable twenty years after date, and the interest payable semi-annual ly. Put all Treasury notes received bv any State after the time fixed for taxing the .*<llllloas aforesaid, shall beheld to have ’ been received diminished by the amount of , said tax. The discrimination between the notes subject to the tax, and those not sub ject shall be— Sec.il J. That Treasury notes heretofore issued bearing iuterest at the rate of seven dollars and thirty cents on the hundred dollars per annum; shall no longer be re ceived in payment of public dues, but shall be deemed and considered bonds of the Confederate States, payable two years af ter the ratification of a treaty ot peace with the United States, bearing the rate of in terest specified on their face, payable Ist of January of each and every year. See. 1 ! " tint the Secretary of .the ury be, and he is hereby, authorized in ease the exigencies of the Government should require it, to pay the demand of any public creditor whose debt may be contracted af ter the passage of this act, willing to re ceive the same iu a certificate of indebted ness, to be issued by said Secretary in such form ns he may deem proper, payable two years after a ratification of a treaty of peace with the United States, bearing iu terest at the rate of six per cent, per an num, payable semi-annually, and transfer able only by special endorsement,* under regulations to be prcscibed by the Secreta ry of the Treasury, aud said certificates shall be exempt from taxation in principal and iuterest. See. 15. The Secretary ot the Treasury is authorized to iu crease the number of depositories so as to meet the requirements of this act, and with that view to employ such of the banks of the several States as lie may deem expedimeut. Sec. 16. The Secretary of the Treasury shall forthwith advertise this act in sucli newspapers published iu the several States, aud by such other means as Rliall secure immediate publicity; and the Secretary of War and the Secretary of the Navy shall each cause it to be published in general order for the information of the army and navy. Sec. 17. The forty-second section of the act for the assessment and collection of taxes appraised May Ist, 1863, is hereby ■ repealed. Sec. 18. The Secretary of the Treasury, is hereby authorized and required, upon the application of the holder of any call certificate—which by the Ist section of the act “ to provide for the funding and furth er issue of Treasury notes,” approved March 23d, 1863, wfts required to be “ thereafter deemed to be, a bond ” —to is sue to such holder a bond therefor upon the terms provided by said act. Telegraphic News. . Richmond, Feb. 24.—General Orders 23, War Department, dated to-day, declares Gen. Braxton Bragg assigned to duty at the seat of Government, and under the di rection of the President. He is charged with the conduct of Military operations in the Armies of the Confederate States. Richmond, Feb. 25.—The Enquirer of this morning states editorially that the as signment of Bragg to dut£ at the Scat of Government by the President was made, with the knowledge and approval of Gens. Cooper, Johnston, Beuuregard, and all his superiors in rank. An official telegram from Gen. Polk, transmitting a dispatch from Gen. Lee, da ted Starksvillc, Miss., 23d, was received this afternoon. Gen. Lee says that Gen. Forrest reports severe fighting all day yes terday, ten miles south of Pontotoc. Forty of the enemy killed, and one hundred cap tured. Our loss not so heavy. We also captured four or five pieces of artillery. Fighting commenced near Okalona this evening, and was obstinate, as the enemy was forced to make\epcated stands in or der to hold us in check, and to save pack mules from stampede. The fight closed, with a grand cavalry charge of the enemy’s whole force. We repulsed them with a heavy and completely routed them. European advices of the 4th state that war between Denmark and Germany has J commenced, two attacks upon the Danes j were repulsed by them with loss to the j Prussian and Austrian troops. Queen Victories’ speech, delivered in Parliumcnt.on the 4th, says she has endea vored to preserve peace in Europe, and will I continue her effort?. No allusion to Amer* j ieau mffairs. It is asserted that Napoleon will not take an active p:yt in the Danish question. Tiic Alabama was fifty miles south of j Rougoon on the sth of .January. Orange 4’. 11., Feb. 24—Mosby had a 'j fight with a body of the loth New York * Cavalry, Kelly's Western Virginia Com mand, at Upperyille, J aquier county, on Saturday. The enemy wore repulsed. We captured a wounded Li cute mud. four com • ! missioned officers and five privates. Tho enemy lost two killed. Our loss four or five wounded. All quiet in our front. Dalton, Feb. 23.—Two squadrons of cavalry and some regiments of infantry ad vanced by Ringgold Gap yesterday aflfer noon, and drove in our pickets. They halt ed at ItiDggold. No further demonstra tions. % Later. —The enemy appeared in full forep to make a reconnoisance, and advanced this morning at 4 o’clock, to within four miles of Tunnel Hill. They were there ambus caded by Hawkins’ sharpshooters and Low ry’s A lahamu Brigade. The enemy was driven back, leaving their dead on the field. A large number of wounded were carried ofi by the enemy. Our whole army is ea ger for a general light and advance. The Atlanta Juyistrr, of the 24th, says ; Very strangely wc have no special dispatch es at this hour, 12, a, in., to-day, from the front. We are satisfied, nevertheless, from, many indications, that Thomas is advanc ing on Johnston. We are told that there is a column from ten to twenty thou sand strong moving south from Cleveland. Everything betokens active operations in the vicinity of Dalton. There is s;aid to bo auother column advancing from King gold. Our pickets have been driven iy at the Stone Church, four miles this side of Kioggold. Such are the rumors, to which wc give credence, from the front. » Grange C. 11., Feb. 25.—Deserters who recently entered our lines report that tho enemy are sending their sick to Washing ton, preparatory to a forward movement. They also report, on the contrary, that the enemy are fortifying, as if expecting us to attack. The enemy have received no res inforcements. lately.' Mobile, Feb. 24.—-The enemy opened fire on Fort Powell at Kli o’clock. Dis •• patches this evening say six mortar and four gun boats shelled all day, and Bred 304 shots. No casualties—no damage. A postscript to the News, from Enter prise. says that .the enemy, on the 20th, left Meridian for Kaymond, and Marion for Canton—our cavalry pursuing. Forrest has Grierson surrounded, and has taken r many prisoners. The bombardment of Ft. Powell continued. No particulars. Bristol, Feb. 24. — A letter to the Ga zette, from Powell River, near Cumberland Gap, dated the 20th, says that several Yan kee regiments passed through the Gap on sixty days’ iurlmigh, declaring that they never would return. Grant has refused to give any more furloughs. No more re-en listing in the Yankee army. There are only five regiments at Cumberland Gap, and they are closely besieged and suffering for supplies. 11 is expected they will evac uate the Gap. The notorious tory, dopes, * tho terror of Claihurn county, was captur ed near Tazewell a few days ago. Dalton, Feb. 25.— Our army is in line of battle at Tuunell 11 ill. A sharp engage ment took place yesterday between Clay ton’s Brigade and the enemy, lasting half of the day. Wolford’s cavalry, backed by a regiment of infantry, attacked our lino and were repulsed three times. One hun dred Yankee saddles were emptied in tho first assault. The enemy’s artillery fire fell short, and our ten-inch rifled Parrotts did great execution. One cavalry and two in fantry brigades of Yankees arc at Lafay ette. Later. —There was heavy artillery skir mishing along the lines, at intervals, all day, with occasional volleys <it‘ musketry. Both sides are evidently manoeuvering for position. Casualties trilling. ♦ There was some excitement in town on Sunday, owing to the cavalry being ordered out to arrest some deserters who had left Gen. Johnston's army at. : were making their wav home. Wc learn there were about forty men in all. They were armed, but as far as we could hear, committed no de predations. , Two of the party were arrested and are now in town. The remainder have scattered through the country, but we have no doubt .that the whole party wall shortly he iti the hands of the authorities. Macau t 'ou/i ifrrutc, 1 (]f/i . ♦ ■* - A Washington dispatch says five, block - ade runners, recently f rom Richmond, were arrested on the stage from Port, Tobacco, Maryland. On their persons were found between s3ft,Ooi) and m gold, twenty-two gold (ie< irgia ilia to bonds of &Looo'each, and two North Car olina State bands. They were sent to the old Capitol prison. - ♦ —♦ We want Hags for the paper maker. NO. 20,