Newspaper Page Text
Clre Georgia Cdegrajs^
Llacokt, O-A.
MORNING, JAN’Y 23,1868.
-a*
GOLD IN NEW YORK. .
The movements of Gold in New York betray
I an exceedingly sensitive and despondent con
dition of the public mind in that quarter. On
the 12th, 142—18th, 144—18th, 148}—ICth,
catching, like a drowning man, at the canard
[ about Arkansas Port, it rallied to 146}—the
; last movement showing dearly enough that
1 the primary cause of the depression is not the
NORTHERN FINANCES — L‘
PREPARING TOR THE PUT.
RESIDENT’S MESSAGE.
fO-thirds of t)io Message will be
.e Telegraph of to-day. The remaind- J frightful financial projects of Secretary Chase,
a will 1 appear r>-porrow, treats of Lin' J m uch as despair of the war; and indicat-
prod»*«»»uuu,'ikSr wind8 up with a brief J ( n g that eager stretching out for relief and hope
dion to Departmental reports and some sub- j f rom an y quarter, which is the ordinary con-
Jects needing Legislative attention. The Pro- comitant of a state of feeling passing to des-
damation is most effectively handled, and the I p era tion; and that if the feeling now prevalent
President says, in the absence of other instruc-1 j n the North. Political philosophers tell us
tions from Congress, he shall turn over all cap- that no war was ever yet stopped for want of
lured commissioned Federal officers to the | funds, and probably this is true in respect to
State authorities, to be dealt with in accor- a W ar 0 f sc if preservation like that of tho
dance with the laws providing for the* punish- South.
ment of crimnal# engaged in exciting insurrec- Considerations of vastly more value than
tion. This puts a rope round the neck of every ®oney compel ns to fight; and fight we should
/ ... . ... I if Treasury notes become of no more -value
Federal officer, and we think will E® f« to lhan the leaves of the forest. But whether a
complete the demoralization of the Iseaeral j condition 0 f total financial ruin would cripple
army. _ and perhaps totally frustrate a foreign war—a
The portion of the Messago published to- war of invasion undertaken for mere political
day is a luminous exposition of the workings or commercial objects, is another questioned
.. »• Tb« reader will I one which the experience of the Fedcrals seems
of European "neutrality. The r^der will ^ , ong> Wi th all prices
see it demonstrated beyond the po I g^juated to a specie standard, their war ex-
troversy, that the plainest ^principles of inters I p enses arc already increased nearly a third by
national law have been abrogated to shield the j the depreciation of their money, every dol-
Federate and to wound the Confederates. So lmr> decrease in value calls for an jncreas-
...... ...... .j,., I cd issue, so .that embarrassment but breeds
strong is the exhibition of uyustice that wo see I enjbarrassnient ^ uu they ^ poi nt
the Richmond Examiner, which complements j w j )cre Treasury notes are worthless. What is
the Message as “ the best among the good,’ I then tobe done? How are supplies and mu-
warming over the wrong, complains that the nitions to be paid for ? It strikes us these are
. b . . * , , . ---nminentlitMZ the I questions likely to arise «» the—— *•< vnir»r-
donum—t etepp-1 ohort of wwnWmaBiaB j» ed a #r lon
withdrawal of our diplomatic agents from Eu-1 ' b - _ .
We are quite willing to leave that | Skinners.—A friend, writing us from Flon-
We publish elsewhl
Richmond Examiner, si
ments in regard to certaf
now before the Lincoln Congri
formation, these schemes had
awhilo until Secretary Chase shfmM return
from his mission to Now York city, whither
he had gone in tho hopato pacify
point with tho cool, clear, discriminating judg-1 da, says he has been twice driven from home
ment of the President. . . by the • Federate; but the worst part of the
The general purpose of this part of the l j, us j ne8s is, that after the Federate left, the
message, we think is evident enough. It is an I p^jpjg w | 10 remained at homo during the visi-
appcal to the sense of justice and manliness of j t urno d j n and pillaged all tho bouses
the European powers. The President is care-1 w tiich had been vacated by their owners on
ful in putting this appeal upon its P TO P er I the approach ot the Yankees— 1 “ confiscating,"
ground. It needed no precise statement from M ^y ^ it, everything that the Fedcrals
him to clear it of all imputation of fear. The I ] e f^ The business of “confiscation” in
whole message, even il the thought were not j g enerm ( was ne vcr more happily illustrated.—
definitely expressed, is buoyant, with a vigos I The business suits the word and the word suits
rous and even exultant hope of speedy and 1 ^ b us i n esa. j| n a( ]ds that East Florida is
complete triumph. But he justly throws up-1 now pretty well'prepared for “colonization”
on the partial action and influence of tho great j ^ Thayer and his compatriots. Nearly all
European powers,* tho reponsibility ior J ^j,e negroes and cotton have been moved away,
continuance of the war, and he has clearly I an( j cattle and sugar arc f»st disap-
convicted them, in this message of a ftlo <le *« I p Car j n g < The emigrants must bring their sub
in respect to all their own great interests as | s j 8tencc w ;th them, and he anticipates a lively
they stand impaired and suffering from the I tra( j e j n Africans when tho colony gets locat-
needless protraction of the war. Their entire 1 ^
ty r has been'thrown a^unst uiSnselveCaBd J Mosp]ey> the fil ^ t Q^enKW of the State of
that, too, at the cost of justice and equity died at Palatka on Sunday, the 4th
at the sacrifice of their own solemnly declared j
principles of international law.
As a document we can say nothing in praise
Affairs at Merfeesboko.—A special dis-
ef 7t which the careful reader will not be ready j patch to the Charleston Courier, dated Tullaho-
to endorse. We think with the Examiner, it ma, the 16th, says:
iK the best which the President has yet pro- 1 lt.appeass from the enemy's accounts that
istneoesiwu Gen. Breckinridge’s Division of Gen. Hardee’;
4condli-
ate Wall street The project of cfta^and hi ( 1
party in Washington is to make provision to
cany on the war indenendentrtuf appropria
tions by tho next Congress. Shpt, it mrtesr-
cd,.wiil be democratic, and hostile toSite t+» r >
and the present Congress must therefore ap-
priato enough to maintain hostilities in s]
future Congressional opposition.
Accordingly the scheme proposes an
tional issue of government securities to
amount of eleven hundred millions ol dol
The report of such a bill by the House <
mitteo of Financo created the deprcciatpn in
the value of-Treasury notes which has been
noted in the telegrams, and which amomted
to something liko filteen per cent, h the
course of eight or ten days and led the frerald
to predict that gold would be worth sixtj cents
in a very short time.
It is also said that the new relative taluo of
Bank notes has stimulated the banks tf renew
their issues, and they have already extended
them more than twenty-five per cent; in Now
York, and in tho othir States to a muth gr*"*-
er proportion. ... J
Tr. of those movement
neral “coll.ipse’’'is speedily anticipati
do not uti’i.TStand how that is possible
as paymont cannot be demanded. The
are all in a state/of suspension, and u
quired to redeem thoir issues, Treasury Notes,
we suppose, are a legal tender for that pur
pose. The only collapse possible is such a de
preciation in the relative value of .the currency
and all marketable commodities as to impair
its value or make it useless as a circulating
medium. We may suppose, for earn pie, that
the flooding of the market suddenly with
eleven hundred millions more of Lincoln se
curities might so depreciate the I money, or so
raise prices, as to defeat the very object of tho
bill by reducing its available value in tiro pro
curement of army supplies to lialf the amount
of the appropriation.
This process, we can conceive, might on
until the currency, like the old Continental,
would buy nothing at all, and the I
Congress could not find figures in the ai
uc vo express me amounts necessary STL.- ap
propriated and issued to carry on the war.—
This, it strikes us, is all the “collapse” hossi
ble; (or there can be no actual bankruptcy
until payment is due. The collapse, bankrupt
cy and ruin must come with pay day.
duced- and that is high praise; lor no man in «en. urecKinnuge s unnn uen. uaraee
uucea, an b r I Corps, in the action of Jan. 2d, encountered i:
America, has ever yet sent ort J addition to the force immediately assailed, the
more admirable State papers—clear, strong, i g rc 0 f t |, e enemy’s batteries massed in the num
judicious, and altogether admirable in style I ber of 100 guns, also the ‘greater portion ol
and temper Mr. Davis grows in onr confi- tbeir infantry massed at the same point The
deuce every day, and in saying this, we feel U*a U ltwa 9 made under positive orders; wheth-
u ce _ J* / ’ I er issued wisely or not, they were bravely ex-
that we speak .or the great mass of the peopl I ccuted< The position was carried in the very
of the Confederacy. Among the blessings of j j awg c f this appalling fire and held for half an
Providence to our infant country, not the least I hour before Breckinridge fell back.
j There is great scarcity of provisions. He is
THE PRESIDENT ON THE PROCLAMA- repairing tho Railroad, but making no prepara-
T10S . J tions for an advance.
' We come now to the iut instalment of the There is a bitter cold snow storm prevailing.
Message which treats upon Lincoln’s procla- | RICHARDSON’S SPEECH.
mation. And here, too, the reader will not j The speech of Richardson, who has been
fan to ee that this admirable paper is as tri- J lately elected to the United States Senate by
umphantas upon tho neutral policy of Eu- I vole 0 f 66 to 34 on joint ballot, together with
rope. It hoists the enemy with his own^petard. j t be resolutions of the caucus which nomi-
It convicts Lincoln of a breach of all faith, J na ted him, are among the interesting signs o'
honor and conscience—ot a deliberate viola- the times in the great West. Illinois, Lin
tion of constitutional obligations, as explained coin’s own State, repudiates the war, denoun
and interpreted by himself, in the issuing of cesthe proclamation, and calls for an armis-
this proclamation, whether as a peace or war I tice 1 Armed with this thunder, Richardson
measure. It shows that the proclamation vin- I in the House, attacks the administration and
dicates the direst apprehensions of the South- its party with unsparing severity—indeed with
ern people which drove them into secession—I undisguised contempt—holds up before their
that it is in effect, notice by Lincoln that re- faces the gaunt spectre of retribution and op-
construction is impossible—separation Jabso- I enly threatens them with revolution 1 What
lute—the military power of the North impo- j a widely different spectacle is this from the
tent for subjugation, and farther, that under j timorous "and faint-hearted opposition of
the plea of humanity it is a vile and dastardly I year ago 1 It is the roar of the lion as con-
attempt to lure an inferior and ignorant race j trasted with tho squeak of a frightened mouse,
into the meshes of a fatal and remediless cat Everything indicates the rapid culmination
xstrophe. All this is done in few words and I of events in the North. That which we con-
i'.h but little effort; but it is .done so plainly I fidently hoped for and predicted as the result
CT^Tw^ngt^ tiWUU,h I quenS^unfettcrcdTspSroh ^ prV^ rejid.
We are among those who believe this proc- I ]j coming to pass. A war d factions fiercer
tarnation was itself an outrage upon the ma- I than the war of sections is fast being inaugu
jority of the Northern people. They did not I rated, and the Lincoln party will rapidly sink
want it—were not prepared for it. The trad- j f rom an overshadowing despotism to a poor,
ing classes had sense enough to see that it j pitiful and ‘cowering minority. Nothing will
was a bad movement for trade, and even most | gave them from universal contempt, but mili.
of the anti slavery men were not in fevor of
so violent and sudden an extinction of slavery.
They wished to sec it gradually suffocated out
by the mephitic influence of political abolition'
ism, but had sense enough to apprehend that
a sweeping edict of immediate emancipation
might operate very mischievously upon their
own social interests. The last thing anybody
in the North intended to accomplish by bis de
votion to anti slavery dogmas was to hurt him-
self. But no matter what may be the feeling
or apprehension; the proclamation has finally
shaped the objects and issues of the war, and
calls upon the North for enormous sacrifices
of life and money to accomplish the lanatical
objects ot a mere minority. Even the “ old
flag” and “ the holy cause of the Union” are
made to play second to the insane projects of
Wilson, Greeley, Beecher and Garrison, and
the domocratio soldier as he toils on the weary
march, or faces the “rebels” in the deadly strife,
is compelled to feel that he is but an humble
striker for objects he despises and men he de
tests.
in presenting this strong view of the Procla.
mation, we are confident it will be found that
tho President has struck discrodant strings
which will vibrate through the whole Yankee
at.my and nation. The telegrams every day
are bringing us news of discontent and .demor
alisation in the Yankee army, and these will
increase rapidly. The proclamation will prove
the grand stumbling block of the war. The
simpleton who, at such a crisis as this, under
took to shape the war to gratify a minority of
the North to the disappointment of the major
ity, will reap the consequences of his own fol
ly-
itary success in the South, and improbable
this is at the best, the constantly increasing
disaffection in the Yankee army is daily ren
dering it more so. We may say with perfect
confidence that the lapse of every day is weak
enieg the foe morally and materially, and that
on the other hand, every day is strengthening
the Confederacy.
When we read as we did in onr last, of
case of a surrender of twenty four Federal sol
diers to two Confederates—when we read of
intense sectional hatreds as well as party divis
ions in the army—when wo read of the ill con
cealed joy of tb® Federal prisoners captured
by our f orces—whoa we hear that any number
of them are willing to take the oath of allo-
giance to the Confederate Government, we are
bound to regard these as pregnant indications
of a state of feeling in the Federal army fatal
to its efficiency. An army filling up may sus
tain a considerable degree of disaffection; but
an army dwindling in numbers must be sound
in morale.
The cry foran armistice in the North and West
is coupled with the idea of reconstruction; but
as not a solitary indication from the South
justifies, tho idea that reconstruction will
be entertained for a moment, the parties who
declare for an armistice for such a purpose, do
it at their own risk, and well knowing, as we
believe, that it is a mere pretence, or, at best,
but a desperate chance. What they want is
to put an end to tho fighting, and that stopped
they will drive the best negotation they can.
-That man of
.A Woman’s Appeal to run Unrepentant op
•■■a brave Defenders.—We arc indebted to a
friend for a copy of a very eloquent tract thus
entitled, written by a talented lady of Macon,
and recently published by Burke, Boykin 4b
Co., who, we presame, have it for sale.
Pennsylvania Senator.—Charles R. Buck-
aloo, Democrat, is elected Senator from Penn
sylvania vice Wilmet Cameron was his corns
petitor.
The Alabama.—This gallant craft has at
last tnrned upon one of her pursuers and he
caught a Tartar sore enough 1
The Horse Marines Again.
extraordinary opportunities and strange and
brilliant achievements, Gen. Wheeler, has giv
en ns another illustration of naval achievements
by cavalry. Ho has captured four Federal
transports and onO gun boat on the Cumber
land below Nashville, near Harpeth Shoals.
Magrudcr set the example in Texas, and it id
going to be contagsous. Many a gunboat is
going to bo charged down by cavalry, wonder-
fuL Let the President create a new natal
rank for our cavalry.
E e 5 ‘ The London Times publishes a strong
secession letter from Commander Maury. He
repudiates the idea of a re-union, and says the
South is well supplied with arms, and is as de
termined as ever.
ped from the
irthcm state-
:'al measures
By last in-
suspended
■a
ILIAN.
VIEWS OF A CIYj
Our friend of the Savannah Ri
ubliffan de
velopes his views of military operations in the
following. It must be^onfessed army affiurs
have been and are mafrtged very badly indeed,
if the Rcpubiican is right or half right:
Wo urged these views a year ago, and have
seen nothing in intervening history to i-hange
or modify our opinipn. The preleaded inva
sion of Maryland aqjl Kentucky, and the un
fortunate results of. those expeditions, furnir’
no argument agaiaat our position. - Wher
advocated carry fag the war into tho er
territory, we tnuant an earnest, bold, r
tivc movcinwA; with a force compel
gr at wkfff to be accomplished,
of Mat^ahd with forty thous
SMlfialf **,'n'hV rM. ~ —
ler iSta, our conception. I no run,
cnactjpf in Kentucky was still farthci
though.Ilad Lee carried an army o.
ty-fivwifcafMnd good men into Maryland,
‘havw ‘ M
. HILL’S SPEECH,
lie Recorder of yesterday
ir Hill’s speech delivered
in the Representative Hall
at tho request of numer-
thc Legislature. Wo have
,dmi ration and pleasure. In
orieript Law it leaves nothing
«ts ^iuimphantiy the charge
lib ncccks<ty in which this law
t of • the; neglect of the govern
ment to make a timely call for volunteers, and
shows "that from 18K February to 21st Au
gust, lSfi’h Congress passed no less than six
Setscallingtpr vohirtteisrs in every shape and
form in whitb a call was possible, and. that,
in trnth, the limit of volunteering had been
reached, and nothing remained but the alterna
tive of compulsory service or a relinquishment
of tho struggle.
The allegation tf tho unconstitutionality of
the act it handles^ with the grasp of a giant*
and makes every argument we have yet seen
to sustian tho char|e appear Very poor, vory
little and very twaddling—mere shallow petti
fogoery. \
For terseness'-, rigor and force his speech is
the best thing which has yet been published
upon the question, although but a portion of
the speech is devoted to it To be compelled
by the constant pressure of daily events and
our limited capacity of space to omit it lrom
our columns is to us an unwelcome necessity.
We would be glad to place it before our read
ers in tiro (confident opinio}} that such of them
'•toe ujjrussed by doubts in regard to the
v - -» Conscription would find
i cleared up, if an unanswerable argu
t could do it Tho Recorder says the
Xsh is in (pamphlet form and for sale at 10
4s per copy. It ought to be distributed as
an antidote to the error which has been so
sedulously di Bused on this question.
In regard t»the administration Senator Hill
says that while ho has no personal or political
partiality for Mr. Davis, and while not a single
one of his own friends has been appointed to
offioo by Mr. Davis, he is frank to acclaro
called upen now to select a man to place at the
head of the ijovcmment his selection would be
Jefferson Davis.
FaBing in tho argument, the opponents of
the law seek to provoke tho jealousies, and to
alarnKthe tears of the people. Why, say they,
if this power to raise armies by compulsion is
conceded to the Confederate Government, that
Government could destroy the people and the
States. Thus they pass away from the Con
stitution to the motives of those who happened
to administer it, to ascertain the poweis of the
GovcnRucnt! Until the advent, in political
lo^ie. Gf ••//■so ncwjichts. whose theory seems
to be thft nothing was ever before understood
and whose practice seems to be that nothing
shall OTer be considered as settled, it had been
conceded by reasoners of supposed ability,
that to prove a power could be abused was no
argument to show the power did not exist—
Existence itself may be abused, and unfortu
nately, all existing things are liable to be
abusad. Still, all things do exist By this
methad of reasoning you could soon prove
that Congress had no power whatever,for what
<n the whole enumerated catalogue might
abused to the injury if not the destine-
f the people and States? Congress
have no power “to provide and main-
navy;” for they might blockade and
>y all the ports of the States,
ngress would have no power to “regulate
merce;” for they might destroy all the corn-
x of the States. And it would never do to
lit the Confederate States to build torts and
clad vessels for the protection of our cities,
man them with Confederate troops, for
(might turn the guns on the cities and
Jy them!
b truth is, my friends, when men or ml
o K diTSor‘TlIetet eviffenc^a^.Tfing:
o assault right and liberty is the exercise
. icrs not granted, or of functions not con-
S LLNOOLN FINANCES.
Tho RichmOt'd Examinei, of the 20tfc co j
lates some interesting Northern state®' en ^ ; n
regard to the fisci d condition of Lincol' a( Jom.—
Wo quote the folk lwing:
The disorder wh icb has overtake' a North
ern finances, and tho panic whir ; jj ^ seized
all tho Northern dealers in mono y are exhibit*
In ihn nvtrunta t rhich we an' j .
could hivduar rhed to Boston without a >
of a tenti^ of their number. All are n
agreed that h*H ten thousand more men at
Antietam, would have annihilated the army of
McClellan and pfcoW the city of Washington
in our hands. 1 tad Bragg whipped Buell in
Tennessee, whictfj’he could have done, and
kept his army together, he might have march
cd unmolested tod^iacinnati and Buffalo.—
now, and why do we
of wisdom which
These things are
fail to improve the
they teach?
We submit, then,
military authorities:
concentrate the great strei
two grand bodies for the S
to move northward, one tin
Kentucky and the other
due respect to the
it not be well to
jtii of our armies in
campaign,both
Tennessee and
Maryland ?—
Our army is too much scattered, and attempt-
i ng to delend too many points, ev- r to dose this
war. at least for an indefinite timeUo /’omo.—
The policy may leave certain poinw more or
less exposed, for the time, but far Metier lose
Hum alUttrett'-” Ilian fail in tha grand move
ment that is to close tho war, establish our in
dependence, and give peace to the countjc Be
sides, they will not long need protection. «No
better plan than that indicated could be deirts-
ed for draining the South of Yankee soldiers
and sailors. With two great Confederate ar
miss marching into the heart of their own
country, the Yankees will have a more urgent
call for every man and ship they possess thfcn
any demand that new exists or can possibly
artee in the South. Mobile, Charleston, Sa
vannah, and even long-coveted Richmond, will
be thrown aside and abandoned as no longer
of account Were it necessary, though, wo
we would
dictating
and the shores
of Lake Erie.
These are the views of a cinlian, and wo
claim nothing for them that isItfos justified by
the logic and common sens^qf the case.
olutions neither make nor justify tyrants,
ley do devclope them.
20 no power in the hands of those who
a love for the exercise of power—who
pl<k necessity as the excuse for usurpation,
unBiw
volution as tho occasion for oppression.
Tj(«V rownin 8 grandeur of Washington’s char-
ader was, that in the midst of revolution, ho
o}cyei tho laws; and. the highest claim which
'. Davis presents for your confidence is that
ainples to the contrary all around him,
hi has; thus far, strictly refused to exercise any
piwcriDot exprcsslv authorized by law.
~t ina fact well attested by all history, that
iy find most fault with power in others, who
Ives exercise ungranted powers most
ly.
Ilia!is the sure unerring ear mark of that
attrition which made Caesar and Cromwell and
parte trample upon tho liberty they swore
tcUcfend, and grasp empire.
Gold in New York.—Gold ,in New York
on the 13th was quoted at 144, and i Sterling
Exchange 157}. irtie Tribune of the 18th
reporting the maiket qf the l‘2th quotes gold
142. 2 cents rise in a single .day is a remarks-
bio occurrence and shows that however tena
ciously the bottom has stuck in the Northern
financial tub, it must be now in a dropping
condition.
icaiDEKT AND Loss OF LlFE ON TME CENTRAL
Rali-ROADA-On Friday night last, about twen
ty tninmtrti post 12 o’clock, while the down
passengeprain from Macon was passing the 126
wile post between Gordon and Millcn, the rear
truck ortmo of tVe bagage cars broke,letting the
car dovr/i on tbdtrack. This caused the up-
setting .of the passenger cars, the demolition
of the baggage ca*s, and the instant death of;
Jamcs-A/rced, Expiqss messenger, and Patrick
Dodd, baggage matter on the Savannah car,
Miss Lamar, sister of G. B. Lamar, of this city,
had her collar bono broken. A gentleman from
Alabama received a sMrcro blow on tho head by
a fragment of the wreek. A negro fellow, Joe,
property of tho cstate'pft Dasher, received se-
vcrcintein-il injuries. Henry, property of Jas.
A. Miller, of Houston iounty, had his right leg
fractured.
In the Savannah bag^ gc car were a gang of
negroes from the plantation of Mr. Miller, of
Macon county, some of t^liotn received injuries.
Tho track waa torn up for some two hundred
yards, but has been repaired, and tiro road is
again in running order.
The bodies of Creed and Dodd were brought
to Savannah on Saturday evening, both of
whom leaving families.—Sav. liep. 19fA
FROM NORTH CAROLINA
A despatch from Kinston, dated tho 16th,
says:
The enemy drove in onr pickets yesterday,
18 miles below—supposed to bo a strong force
in advance. They are building a bridge over
Covo creek. Doubtless it is a feint to cover a
movement on Wilmington, perhaps Weldon.
The Federate are 60,600 strong, and have
twenty days rations.
It is thought Butler will now take the cblof
command. .
The Federal gunboats attacked Fort Casi
well day before yesterday, but without result]
A fight is expected hero within three days.
cr General McClemand has supersceded
General Sherman on account of the Vicksburg
disaster to the latter.
— Tho Democrats of Sullivan County, In
•liana, lately held a public meeting and re
solved that they could and would dispense with
articles manufactured atd sold by the fanati
cal New Englanders. The West is as much
to blame for this war ai the East; and it is no
use lor them to put oh a sanctimonious (ace
about the matter at thjli late day. New Eng
land his fanatics—bur the West has just as
many;’and they fire/tar more bitter and un
compromising than tLoso of the East In
short, had it not been for Lincoln and his fa
natical Western creW. this wsr would never
have been forced upon tho country.
ConfxsebAtk Finafces.—Tho report of the Sec
retary of tho Treaaur* shows that, from the begin-
Col. Williams Rutiierfokb, father of 4ur
fellow sitizen, Oof. John Rutherford, died.it
big residence, near t ulloden, Monroe comity,
day before yesterday, at on advance-l^gge,
Deceased was one of the first class nnhgradu-
ates from tho University of Georgia, Jfyid dur
ing his long career was much in public life,
and field many positions of hono/tand infia-
ence.
pyThc Herald says tho cofijdonce breathed
estimates the amount to bo raised by Congress to
meet the expenses of the Confederacy up to July 1
at -400,000,000. Tho debt of the Government on
January 1 was i."iSG,000,000, including 188,000,000
•of bonds, $«(;,<}<> >,000 Of deposit certificates, |272,-
000,000 ol goiici il currency, and $120,000,000 of
interest hearing (7 80) Treasury notes.
in President Davis’ Messages the offspring
evidently of something ^kich is not apparant
on the face of affairs.
a very bright one j
the South.
. he face of affairs
fow to everybody in |
Gov. Tunrfa Operations.—A correspondent of
the Lynchburg Virginian gives the following as
some of thepractical results of the recent victory
achived in Western Virginia, by the Virginia State'
Line under G- n. Floyd :
Niue boats} (60 feet long each,) containing 600
Austrian rifles, with large supplies of ammunition;
but what plea-cd their fancy more than all besides
were 500 overcoats, five hundred jackets, 600 pairs
drawers, 500 pairs of splendid army shoes, 3,000
pairs of yarn socks,600 thick shirts,500 pairs pants,
Boo ny hats and hundreds of heavy blank-
fcary supplies of sugar, salt and coffee.
I the whole can be safely estimated at
the loss on our side was three killed
fosnded.
ed in the extracts Vrhich wc ap 1 pon d :
“Section 1. Thti tecue ot $500,000,000 of
“six per cent, bonds of the United States in
“sums of less than ;k50, and t redeemable at the
pleasure of tho Govern' ment idler twenty
‘years. Such bonds to be issued at not less
‘than par for lawful mo» >e y, certificates of in
debtedness, or trer»sur y notes of tho United
‘States.
“ Section 2. The: is' ;ue in $300,000,000 N in
“treasury notes, in. denominations of not less
than $10, hearing in terest at the rates of one
“and a half per cent per day on the $100,6r
“5.47J per cent per annum. These notes
“to be convertible at pleasure of the holder
“into twenty years six per cent bonds, to be
“receivable for all payments due the United
“States, duties on imports excepted, and may
“be reissued after having been received for
“payments.
“Section 3. The issue of $300,000,000 leggl
tender demand notes, of denominations of $1
and upward, convertible at option of the
holder into six per cent twenty years bonds.
“ Section 4. The issue of fractional currency
to an amount of not more than $50,000,000,
ihcluding that now in circulation, and pro
vides for.cngraving and preparation.” [Pro
visions of Bill just reported by Committee of
Ways and Means in Federal House of Repre
sentatives.]
“Tho time has arrived (says a Representa
tive of New York) when our finances must
engage the earnest and united attention of all
nvfil ■ W- — 2— r^1
last year; but our dangers are now twofold
what they were then. It was difficult last
year to provide the money to meet the large
appropriations made for the support of the
army and navy. It will bo still more difficult
to meet the enlarged requirements of the cur
rent and the next fiscal year. The Array Bill
alone appropriates over $731,000,000, which,
added to the estimates of ail other expenditures
for the fiscal year ending June 30, 1864,
amount to the enormous sum of $1,095,431,-
183.56, to which must be added the amount
still required for appropriations and deficiency
of the year ending June 30, 1863, and which,
according to the report ef the Secretary of the
Treasury, amounted on the 1st of December to
the sum of $551,221, 121.69, making the whole
aggregate required to meet appropriations dur
ing the nexteightcen months $1,646,634,315.-
15. [Speech of Mr. Spalding, of New York,
Republican, representing Mr. Seward’s Dis
trict in the Federal House of Representatives.]
“The enormous issue af paper money (says
tho leading journals of the Nortn) determined
upon, amounting, it appears, to some fifteen
hundred millions of dollars within a few
months, will set speculation afloat to such an
«xtent as never was witnessed before. In a
very short time gold .till go up to fifty or sixty
per cent There will be speculation in stocks
and all sort of thiDgs, and fortunes will bo
made. Now is the time to buy, no matter
what the article may be. Let every man buy.
But beware of the coming crash; it will be
sudden as a thief in the night. At the end
of this war, which perhaps will close up more
rapidly than any, person at present imagines,
thoso who have not their accounts all square
and are not on tbeir guard will be surprised
liko McCook at Murfreesboro’, and they will
be ruined by the terrible revulsion which is
sure to set in irresistable and ‘terriblo as an
army with banners.’” '
“Never has there been witnessed anything
in the way of financial or commercial excite
ment like that which has prevailed in Wall
Street for the past few days. Bulls and bears
have both gone mad, anu in their frenzy are
tilting against and running down every one.
The cause of this is tho sudden and remarka
ble rise in stocks, some of which have gone up
as high as Trom twenty to thirty per cent, in a
couple of days. The epidemic is so infectious
that the usual channels of business have^jgro-
dingly being organized at the corner of every
street, and instead of half wo are obliged to
publish a whole column of stock sales daily.
If things go on at this rato, the excitement
created by the operations of the celebrated
financier Law in Paris will sink into insigniii
cance before that agitating our own market.—
In Law’s time the women became just as crazy
on this subject as the men, and duchesses and
grizettes wero daily to be seen thronging the
avenues to the Bourse. We are hurrying fast
towards the same pitch of financial insanity.
Unless something occurs to check this wild
spirit of speculation, wo too may expect to see
our wives and daughters faieant queue in tho
temple of Mammon.”—JV. Y. Herald.
“From the timo when It became known
(says another leading newspaper of New York)
day before yesterday, that the Committee of
Ways and Means would report Mr. Spaulding’s
up to 8 or 4 o’clock yesterday afternoon,
there prevailed .in Wall Street the wildest
spirit of speculation ever known in the histo
ry of this city. Every naracable speculative
craft was forthwith ready to launch on the
new flood of paper money which seemed to
spread out boundless as the heaving sea, and
the whole motley fleet lay tossing on tho sur
ging waves, buoyant with the hopes of sqd-
den fortunes. Railroad stocks wero bought
By Electric i elegraph
Richmond, Jan. 19.—In tho House the
Speaker laid before that body the Message
from the President, transmitting communica
tion from the Secretary of War, enclosing Col.
Im^oden’s report of outrages perpetrated upon
the people of Western Virginia by Federal Gen.
Milroy.
The report states that prisoners had placed
in the hands of Imbodcn, papers served upon
them, assessing to a certain amount fir dama
ges done by guerrillas to Union men. The
penalty lor not paying immediately, their
Laid
houses to be burned and the men shot
on the table.
The Speaker communicated to the House a
a telegraphic dispatch from Gov. Bonham, of
S. C., resigning his seal in Congress.
Dargan, of Ala., introduced a bill prohibit
ing Quartermasters and others from specula
ting with public money upon necessaries of
the Government and people. Referred.
Dargan also introduced a bill to relievo
Collectors and all receiving Government
Agents from default, in consequence of receiv
ing Yankee counterfeit Confederate notes.
A letter was read trom J. P. Johnson con
testing seat os member from the third District
Of Arkansas.
Waiving further contest Clopton, of Ala.,
offered a joint resolution, approving the por
tion of tho President Message relating to retal
iation upon Yankee officers.
Foote opposoo tain until ait bluer measures
■were exnausted, anti advocated sending com
missionere to the United States Government,
stating the terms on which the South will be
willing to negotiate for peace, and intended to
offer resolutions to that effect, and throw on
the Lincoln Government the responsibility of
further carnage.
Thu House went into secret session on busi
ness of finance.
Navy upon the decision of Naval Court
tial. Un
Some Senators considered tho bill refle-t,,
on the Secretary.
j
Considerable discussion ensued, Yarn- 1
Clarke, Brown and Maxwell participated
HURRAH FOR THE ALABAMA.
Mobile, January 21sL—Tho Advertiser i ‘
Register has a despatch dated Jackson theSOtt j
which says the Jackson Crisis publishes,
special despatch, dated Tangeport the 20ii
which states that the New Orleans Picayut* L
publishes an official report of an engagement ■
between the Alabama and tho United Statu I
-tuauama ana tne united State
Gunboat Hatteras, 30 miles from Galveston. 1
TV. n IT.-. A A *_ ■■ . f I
The Hatteras sank with all on board, cxWl
one officer and five men, who were pi eked |
by the U. S. Steam Frigate Brooklyn.
Hatteras was an iron-clad, carrying three rifled
thirty-twos. The Brooklyn pursued tho Ala
bama, but could not catch her.
MATTERS AND THINGS IN GENERAL ,
Richmond, 21st.—Dispatches to Northern
Journals dated Cairo, the 16th, report the sto-A
ry of the capture of Arkansas Port and say the I
rebels wore cut off from retreat on both side? I
tho river. No official information has been rt H
ceivcd here concerning the affair. . 1
Northern dispatches confirm the Confederlj
success on tho Cumberland and the dtslnmJ
tion of the Federal transports and a gunboaM
but give the credit to Forrest instead of Wheel,
er.
FROM EUROPE.
Richmond, January 19th.—Latest foreign
advices state that Gladstone in a speech on the
Lancashire distress, expressed the hope that
the crisis would be passed by March next.
It is rumored that Prussia has sent a dis
patch to Austria, threatening a withdrawal
from the confederation.
A plot for a rising in Poland has been dis
covered.
At a recent democratic jubilee in N. Jersey.
George Pandrews paid the rights of the South
must be respected, or we shall turn our artil
lery upon the emancipation gaiTOters of the
Constitution. The sentiment was received
with enthusiastic applause.
Gold, iu New York, on the 15th instant, was
quoted at 148}.
at prices bounding each hour higher and high
er; mining stocks wero bought; merchandize „ FROM THE WEST. j, luroo o, tour mousaad men H n
was bought; every species of property in Mobile, January 19th.—The Advertiser & I and twelve pieces of artillery, attacked the r- I b
““ nC ht C0Uld be , ? veste {f ira® eagerly, Register has ther following : ] Bef storeships coming up the Cumberland and il «
ahead and Squadrons of^comodtin swit fj Grenada, January 19 th.—Twenty-four pri-1 1*1 ca P turin S five steamboats laden I ••
tors giving chase and vioing to Xtetrip » 0Bers fro ” and Ohio Regiments cap- boat' Several orthTh jlta c-—’ ^ * 8 - ^ *
filch Other in the nitron!} ** TAT V yet » i fnrntl in \Tioaico<nn< tctu ? a _ ns ■
each other in the pursuit”—[W. Y. World, 10.
Iakkees Arrived.—As announced in this pa
per Monday, a portion of the prisoners captured
by General Bragg at Murfreesboro’ arrived here
yesterday evening. There were about two hun
dred of them, the dirtest, meanest looking set of
mortals it has ever been oar misfortune to look
upon. We agreed with a venerable darkey who
expressed a doubt to one of his sable brothers,
whether ‘water growed whar dem chaps cum from”
so long had it, apparently been sinco they had
performed and ablution for themselves. Among
tho crowd were old men, boys, not over 13 or-14
years qf age, Dutch, Irish, and all other nativities
—a conglomerated mixture, forming as diabolical
mass as could be desired even by the -reat
Baboon, old Abe himself. They were carried to
the Provost Marshal, who took charge of them to
await the arrival of others on the way, and expect
ed to arrive during tho day, when the whole will
bo sent on to Richmond." There were no offi-
i among them.—Ijynchburg Republican.
Effects qf Iron Plating on Vessels. A let
ter from Toulon, France, published in the French
papery says: The laying up of the French frigate
La Moire m tho Oastigneau dock,has disclosed three
unexpected phenomena. First, that the contact of
the copper lining and the submerged iron plates,
had cstabfished a galvantic current, which produ-
ced the effect qf a voltaic pile, and was complet’olv-
deteriorating the armor ol the frigate i u the parts
below the waterline; secondly, that a jpccroa or
shelfish, hitherto unknown, was aftgrwmds discov
ered among the milions of moUuseue by which the
hull was covered, apparently produoed under tho
influence of the same galvanic current; and lastly,
in tho hold of the vessel 22,000 litres of wine were
found to bo transformed into-
known by what influence.
of wine wero
vinegar, it is not
Weathersficld, Conn., is rebellious. It has di
rected its selectmen to pay attention to dnv cov-
ernment order for a draft. b
In Weathersficld tho claims othe Union and the
Onion conflict. -
Lincoln wets Happt.—On receiving Roson-
crans’lying reports of having whipped the
rebels at Murfreesboro, the Kangaroo King
sent back to the Dutch Yankee the following
dispatch. b
Your dispatch, announcing the retreat of tho
enemy, has just reached here. God bless you,
and all with you. Please tender to all, and
accept for yourself the nation's gratitude lor
your and their skill, enduranco and dauntless
courage, A. Lincoln.
-fr
—The New York Herald says that 300,000
of tune months men and two yeapj men go out
of service in May, so that whatever the Fede
rate do must bo done by that time. Thud.
Stevens (abolitionist) from Pennsylvania, pro
poses to fill their place with negroes.
Richmond, Jan. 19.—A report that a battle
is imminent at Fredericksburg was renewed
here to-day, and enlarged bodies of the enemy
were reported crossing the Rappahannock at
two points in right and left flanks, but latest
advices bring no continuation.
Funeral obsequies of the late General David
R. Jones took place this morning at St. Paul’s
Church. His remains were deposited in a vault
in Hollywood Cemetery. The procession was
a solemn and impressive spectacle.
The building of the railroad by the Fcden'g
towards King Grove Court House and a cor-
.u.4 acioss tno swamp, protecting ft e
same by a strong redoubt, would indicate th« I
a movement on the Rappahannock was cW /
ed to be made in earnest, while the opperation.
in North Carolina were intended as a feint to
draw troops from Lee.
ALEXANDRiA-Galt, the gifted young tculp-’l
tor, died yesterday of small pox.
The Secretary of the Federal Treasury rjcom I
mends in a report a tax upon property and
gross income sufficient to yield an income of
at least forty millions, and shows the anount
may be increased to sixty millions—a sum suf
ficient to pay interest on the public debt and I
provide a sinking fund.
Two hundred Federate attacked a scoutinc
party of Confederates near Windsor on the
Blackwater yesterday, and were repulsed and
driven into Suffolk.
The Baltimore American, of the 17th, say?
that reliable information from scouts has 1-een
received that efforts are being made by the
rebels to cut Rosencrans’s army off from sup.
plies and then crush it Rosencrans will not
move upon Longstrect (?) until certain expedi
tions effect the destruction of a railroad and
the capture of Forrest
FUSS AT NORFOLK.
Petersburg, Jan. 21. —Advices from Nor
folk to the 18th report that a serious row oc
curred on the 17th between the Yankee sol
diers and negroes at the fortifications below
the city. It was finally quelled by two regi
ments from the city.
A dispatch from Old Point announces ti»
arrival of four transports with troops. Tfcer
destination is believed to be to strengthep I
Newport News and Yorktown. CurconuA
Brigade is believed to be in the vicinity.
At Windsor, on the Norfolk railroad, thm I
A bill introduced into the Virginia House of
Delegates that no planter shall raise over 5000 I prominent Union citizens were assassinated
hills of tobacco to the hand, excites considers-1 on tiro night of the 17th. Oh, dear!
ble discussion. Some regard it as playing into J SHIP NFWS.
the hands of speculators. I Charleson, January 22nd.—Another stew
Richmond 19th Bnth Anna™ -«rjer with a very valuable cargo, has arrived safe-
having gone into secret session about one J ly at a Confederate Port The French Corveilt
o’clock to-day it was immediately rumored on I Milan sailed for New York this mornirr
the streets that France and England had recog-j Schooner Swift, Capt Threatcraft, with Sill
nized the Confederacy, and tho announcement j from Nassau, arrived at a Coniederate pori
would be made by communication to that bo- ] yesterday,
dy, but the day has passed without anything J FROM WILMINGTON
occuring to give color to the story. j Wilmington, Jan. 22nd.—The vessel ashore
I at the mouth of New River turns out to be
THE DAY OF SMALL THINGS. i c „v ~ • ,
Richmond, 19th.—Tho New York Herald of o.u c! 1 [ T ° m Nass * u » with * ° f
the 17th has Cairo despatches announcing the ™ b Y » Yankee
— ».i t>L. IT .u. . b 1 Steamer. Crew will be saved but vessel and I
capture of Arkansas Port on the Arkansas Ri
ver, a hundred miles from the mouth, by the | “ifh^w'^rtained that the Federal force
land and naval forces under McClemand and ne ar Jacksonville, N. C., consists of two and *
' U 18 T captured the gars half Regiments of Infantry, COO Cavalry and .1
imv tlT r * a “ Cn0nnOUS 1 < l aant [ t Y of ^ p i« c «s of ArtiUery, under Col. Emery.- I
army tools, 4c., 4. It is scarcely probable j The-v 7 I
that any such affair came of at Arkansas Port, I
and if it did, was a small matter, which has | _ NORTHERN NEWS,
been manipulated by the Yankee wire workers I * — Pet F r S b ? ro ’ ^ an ' 20 :—The Baltimore Amer-
1
pos.of dissipating tho blues in Writ strati j of thoTlST ThTgnris^^’twli
On the strength of that bogus news, gold fell str surrendered on the 11th unconditioM;
in Now York on the 16th to 146}. A Herald I ! y \. T be rebels were cut off from retreat oa
canard, no doubt bo ‘ h 8,des of tbc „
Nashville, Jan. 16.—Northern news of this
date, from Nashville, says that Forrest of the
rebel army, with a force of four thousand men
tured in Mississippi, opposite White River, ar-1 s'owTersT“wh^umpteg'offi ,
nved here to-day. They confirm the report | burning, were shot in the water. The boats U
that Generals Wyman, Steel and Smith wore j wc *°. a11 bu rned. ■
killed before Vicksburg, and represent groat I r ; a i nf . rapull™ 0 * S n ° W —tiro river is
dissatisfaction among the Western troops, with | The LouisvUle Railroad cannot be repaired for
a long time. There ia no mail communicAtinn l--
extremo hatred of the East and a desire for I ‘ ,UU S “me. 'there ia no mail communication K-
peace. , j tw fen Nashville and Murfreesboro’. It has bra
Sherman ™, under fur dicing “wSfS^tiVe.em,,
orders in making an attack on Vicksburg pre- j Ninety-two thousand dollars of Confcdent-'
maturely. These prisoners surrendered to 2 1 wer e seized from the Nashville brokers
of Sturk's Cud,. They »y .he Vfeumru |"£E S^S'SS'.K^lie -id
bri£rade.q fmm I.on’o j _?»a t.
troopa would all desert if it were possible.— | J3 brigades from Lee’s army, and will stuck
r I U » . y *»uu will HUXL6
Our Scout report twcnty«*five transports pass- i next week with his entire force, num-
ing South on Tuesday last i b ® nng 'I?' 000 “ cn - t How Longstrect’s movement,
b ay last. f so secretly conducted, should have reached Nash-
vdle, is a wonder to us!—Ed. I*t.]
A great snow storm has taken place in tho West
DOINGS OF THE ALABAMA. _
Richmond, Jan. 20tb.—Tho Alabama has J 0n . I, ' ri<la y several buildings werccrushcd'&cK tkc
done other damage in tho vicinitv of tho West I .T* i°- f “i ow in Cincinnati. A tremendous
»_ T , , j” 6 , *«-umy Ol tne n est I flood is m the rivers of Kentucky. The railroad
India Islands brides capturing the Ariel.—I bridge at Frankfort was swept away ox Thursday
On tiro 80th of November, the Alabama, cruis- f m S ht<
ing off Cape Engano, tho extreme eastern point
of tho Island of San Domingo, in about lak THE C0URSE T <> PURSUED BY THE NEW
IS, 30, fell in with barque Parker Cook, of Bos- Tho WashingtonScte says Mr. Richard,OK
ton, bound to Aux Caycs. Having taken all futur o course is to be judged by the resolutions of
the valuable portion of her cargo out, the OaD- | th ° ca " cus which nominated him: therefore tiro
“ j .riT “ ,h ° AUb *“*-
and tho Parker Cook was sot on fire and d«s j Second-:That the Administration in suspending
stroyed. j tho writ of habeas corpus, in arresting private <&■
The Alabama also captured the schooner I th« S fWL> d ‘^ 1CarcCr! i tin ^ tben3 ‘ m hastilas, in® 1 *
Union but her oatgo being owned by British U
subjects, she was allowed to proceed, after giv- j Constitution, infringed upon State BOTereigntJ** 1 ^
ing boiyl in fifteen thousand dollars for the 1 tiie popular wish. Its perversions of
- ssd WrS 10r the the war into a war of abolition deserves oor m*
' I qualified reprobation, and justly entitles it tod 1 ®
Tho Herald says tho California steamers j condemnation of all true lovers of constitutional
Champion and America are over due six days, Av9 .
.ml f<», they h... b«„ o.p tmd ^ UUc^ E
bama. j peoplo of the States; that the best interests of all.
Cotton in New York 72 to 72} for middling l^ dnr,n of m »?kind, demand this should
■ * un.rng. | bo dono in the speediest and mn-tmotive man
ner.
■ .. —Favors a National Convention of
tho States at Louisville, Ky., at the earliest p» c '
speediest and most effective nuu-
Richmond, Jan. 20.—No truth in tho report
of recognition.
Some well informed persons assert the con- to J!^ us l ocr'national dificultiw-
trary.
All quiet at Fredericksburg.
It is reported that Gun. Foster succeeds
Burnside.
. Eighth—Recommends that tho Legislature »<>*!
in session appoint Commissioners'to said Nati» wl
Convention, and invite other States to do so.
Ninth—That we earnestly recommend a c<
tion of hostilities for such period as may be necas-
. , | ®ary to allow the people of tho North and Sooti* t*
A movement will bo tqadp m the Virginia capias, through a National Convention, th»ir
Assembly to put down speculation and prior I . Trish for P^cc and a maintenance of the Union ai
tion. ~ 1 11 was > Bnder the Constitution as it is.
Nothing of interest in tho IIouso or Senate. I ~ Murfreesboro’ Rebel Banner says tho
Yancey introduced into the Senato a bill to I °f the Yankee General Sill, waa interred with
regulate the action of tho Secretary of the > o"r a^hS friend^ 1 tee." ^