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t Brilliant llamu v«riu« of t;< n. JrcImod.— llow be* Broke up :t Yankee Arrangeiueul. The folliAving special despatch to the Chicago Tribune will well repay persusal, even at this late date: Battle-Field near Cedar Run ) August 10 via Washington, Aug. 11. j On Friday last an expected movement was made by the combined forces of Jack- son, Longstreet and Ewell, upon our ad vance position along the Rapidan. evident intention Late Northern News. of onr army at and .Madison, was to move forward upon ’ the smallness of their numbers, had been tbe fine turnpikes which run from each j compelled to retire without the attaiu- of those places and concentrate at < trange i men t 0 f w hat they had fought for, and the Court House- From this point the united : w hole command seemed overwhelmed with forces of the grand army of \ irginia were j weariness and depression. After they to advance upon Gordonesville, which is ], af j ] a ;,q down to sleep, the enemy contin- nine miles distant therefrom. Jackson j ue ,] to throw shells, and kept up the fire forsRw the intention, and determined to un {j] the evening. ed mortally. The brigade returned from ; the woods, out of • which they had driven j . , „ , vr;_ the enemy, hut fell back no further than ~ Iff airs in 1 an kcedoodledom—Butler Mtx- the ground they had occupied during the I C( f u dav. Many of the men had dragged . _ „ . . themselves away after the fight, and as 1 Richmond, Sept. 2. Northern pa- rode among them and inquired frequently, pers ol Aug. 30th have been received “What»regimeDt is this?” J was univer- j here. sally answered, that it was no particular ! The New York Herald’s correspon- regiment. Many lay down upon the j J ence indicates that thegrdatest excite- the Unionists in Prince William fleeing to n along the Rapidan. The ground wherever they happened to be, and j )nen j. prevails among t! inn of the different sections many moved wearily and slowly to the | „ - f f T j p t Fredericksburg, Culpeper rear. They bad fought nobly, but through 1 *’ L . wr.c in mnvfi forward Uf.OIi ' cmalltmuc flour nnmfiprs. had hppn LOUntieS. J Atllllli.S to prevent it. This he did by a sudden unexpected movement across the Rapi dan updn our centre column befoie we had time to move our forces, as it had been anticipated we should. While it was bis purpose to fight, as be has always man aged to do a detached portion of our army, it was necessary for him to delude forth with the supposition that he was advancing with oveiwhelming numbers upon us at all points and from all directions. This he also succeeded in doing to a consider able degree, but as soon as be bad pro duced the impression upon the startled columns that lie was about to attack them all, lie rapidly concentrated bis whole available force, which be put to bear upon our centre. All day on Friday lie was threatening the forces at Madison, on Thoroughfare Washington, abandoning everything.— The panic was caused by the raid of Stewart’s Cavalry on Bristow Station on the Orange and Alexandria Rail road. A trairpfrom Warrenton junction for r i . I Alexandria, escaped capture by dash- 1 he last encouuter with Jackson must, - 1 ± * be added to the list of battles in none of which has he been outgeneralded. It is easy to believe that our combined strength would have given him a most disastrous defeat. LATEST NEWS FROM THE NORTH. To the kindness of a friend we are indebted for late papers from the North. The news, though not of special impor tance, is quite interesting. The most interesting feature of the news is a letter from President Lin coln, in response to a letteV addressed to him by the editor Of the New York Tribune, “in the name and by the authority of twenty million of the American people.” In his letter to Lincoln, Greeley says; in befak’of the “twenty millions” for whom he pres- mountain, at Culpeper, and at the same time pretended to be sending ont on thej flank of each of these positions a force for j the purpose of surrounding and capturing; miles to speak, that “a great propor- them. By this means the force at Madi- j tion of those who triumphed in his son, believing their communication with J election are sorely disappointed and Culpeper to be cut ofi, were prevented j deeply pained by the policy he seems from joining the main column, amt retreat- : ^ ro J rA fn +ll( eu to Woodville, and were thus unable to j I. ) , y, throw their weight into the scale. On the | ot rebels, following Saturday the signal station on 1 follows: Thoroughfare not being threatened, a j EXECUTIVE MANSION, force was drawn off from Culpeper to j Washington, August 22, 1S<>2. strengthen a detachment threatened bv TT TT ~ s - - - - - - ' Hon. Horace Greeley : with regard to the Mr. Lincoln replies Jackson, between Culpeper and Freder icksburg. It was thought dangerous to advance too far toward tbe Rapidan, for fear of being out-flanked, ana so tbe de tachments of the army of Virginia were kept apart to^ive Jackson an opportunity to choose his own point of attack. Accordingly, on Friday afternoon, he commenced a rapid union of his scattered j- forces,and on .Saturday threw them against the corps of Banks, which had been thrown forward to a point midway be tween Culpeper Court House and the Rap idan. Gen. Bayard’s cavalry brigade had been bolding the bridge at Rnfusford, and was of course easily driven in upon tbe advance of the enemy in force, not, how ever, without having given them evidence of his bravery, in capturing quite a num ber of their officers and privates. Gen. Crawford’s brigade was ordered out to support Bayard, whom he met retreating from the enemy in the vicinity of Cedar Run. This was on Friday afternoon, and these two brigades, with the aid of thr<*e batteries of artillery, kept back tlie ene my, who. probably not having yet gath ered his forces, and bad no desire to push them further at that time, especially as they were admirably situated for the ope ration of their artillery when they should get ready their forces for an attack. From all parts the detachments of the enemy came pouring back, and they had careful ly refrained from going so far that this could not be easily effected. Gen. Banks’ remaining corps were next Dear. Sir: 1 have just read yours | of the 19th, addressed to myself through -the New York Tribune. If 1 there be in it any statements or assump- ! tions of fact, which I may know to he ! erroneous, I do not now and here con- j trorert them. If there be in it any inferences which I may believe to be falsely drawn, I do not now and here argue against them. If there be per ceptible in it an impatient and dicta torial tone, I waive it in deference to an old friend whose heart I have al ways supposed to be right. As to the policy I “seem to be push ing,” as you say, I have not meant to leave any one in doubt. I would save the Union. I would save it the shortest way under the Constitution. The sooner the national authority can be restored the nearer the Union will be “the Union as it was.” If there be those who would not save the Union unless they could at the same time save slavery, I do not agree with them. ’ If there be those who would not save the Union unless they could at the same time destroy slavery, I do not agree with them- My paramount object in this struggle is to save .the Union, and is not either to save or destroy slavery. If I could morning pushed rapidly to*the front, under s &A r e the Union without freeing any orders from Gen. l’ope to feel the enemy slave I would do it, and if I eoul I save and attack them. Our scattered army was it by freeing nil the slaves I would do incapable of concentrating a number ■ an J jf I could save it by free- equal to the work of conquering and re- j n g gQ lne and leaving others a- pulsing the masses which Jackson had ]on j wou]d als0 do that. What brought together upon the admirable posi-; T , , , , 3 , , , tion he had chosen south of Cedar Run,; 1 <]o T a ^«t slavery and the colored and the enemy had placed their guns upon : because I belie\e it helps a large number of excellent positions, and to save the Union ; and what 1 loroear, were estimated by tbe experienced to be I forbear because I do not believe it six batteries. Their infantry was entire- j would help to save the Union. I shall ly concealed by convenient stretches of j do less whenever I shall believe what woods behind the artillery, and their nura- , j arn doing hurts the causeand I shall do bers were reported by several prisoners to j ^ whenever I shall believe doing be 25,000 fighting men. Our own art,lie- ^ wi]] j, the cause . I shall try ry excelled theirs in tbe number and val- , 1 , , . , * 1 - , , . to correct errors when shown to be ue of guns; yet much difficulty was expe rienced by Capt. Best, chief of aitillery, in finding for them suitable positions.— Two batteries were in bis command, but only thirty guns could be placed in posi tion. Onr infantry was in two divisions— Gen. Williamson tbe right, and Gen. Au gur on the left of Williams division. Craw ford’s division was on the right and Gor don’s on the left. Henry, Prince, and Green, were the Generals commanding the brigade of Gen. Angar’s division. The morning was occupied in arranging the forces and plan of battle, neither par ty showing an inclination to hasten the commencement of hostilities. At half-half two o’clock the cannonading commenced, and continued with increased rapidity and severity for an hour and a half. Having kept up a most constant and rapid fire for an hour and a half, without having discovered the position of the ene my, Gen. Banks gave orders to Crawford to advance upon the enemy, and ascer tain his force and position, and endeavor to draw him into action. They emerged errors; and I shall adopt new views so fast as they shall appear to be true views. I have here stated my purpose accor ding to my view of official duty ; and I intend no [modification of my oft expressed 'personal wish that all men everywhere could he free. Yours, A LINCOLN. The Northern papers contain reports of the several brigades in the battle of Cedar Run. These reports give some interesting points, and confess to immense slaughter of their men for instance General Gordon, in speakin of the part taken by his brigade, says. “I carried into action less than 1,500 men 1 lost in about thirty minutes 1GG killed, wounded and missing.”— Again, he says : “As I approached, the enemy received me with a rapid and destructive fire. For at least thirty minutes this terrible fire continued.— from their shelter into the open field, and . the column moved steadily towards the j Companies were left without officers, and men were falling in every direction from the fire of the enemy, which largely out numbered my brigade.— Some disgraceful instances of coward ice there were, but these only served to show more clearly the courageous bearing of others. It was too evident that the spot that had witnessed the di <truction of one brigade would be in a few moments the grave of mine. I had lost more than thirty in every hundred of m/ command, I therefore reluctantly withdrew.” General Crawford, in his report, says : “The whole woods became one sheet of fire and storm of lead. The enemy’s infantry were crowded into the timber and into some underbrush at our right, and they mowed our poor fellows down like roads in which tbe enemy were hiding. As thev came near and within convenient range, first in volleys and then file firings, the enemy poured upon them such torrents of slugs and buckshot as might have made veterans falter: yet they faltered not, even when their officers were falling around them, and Colonels, Lieutenant Colonels, and Majors, all but three, had fallen or been carried from the field. There were 2,000 in the brigade who madt the advance, and next morning there were not more than 500 who could be gathered together for duty. Gen. Gibbaon’s brigade bad been ordered to their support, but were a long time in get ting to the scene of conflict. Gen. Banks attributed his failure to have repulsed the enemy principally to their tardiness in comiug. The 3rd Wisconsin regiment, during the time of the greatest peril and danger to the 3d brigade, were directed to a certain position. They came up well, but the severity of the fire was too much for them. They faltered, broke, and ran back. Gen. Crawford himself, with mus ket in hand, besought them to follow him, and go up again to the support of their comrades, so vastly outnumbered. They marched up, hut only to be again driven back by an irresistible volley of the rebel missiles. Crawford’s brigade is the one which, at the Iasi battle at Winchester, put to rout ten regiments of rebels. It was then com manded by Col. Donnelly, of the 28th New York, who was, on this occasion, coolly leading his regiment, and fell wound ing, under ;i full head of steam, to Manassas junction, where itran violent ly into another train producing a general smash and a heavy loss of life. .Stuart’s cavalry subsequently occupi ed Manassas Junction. At both places they captured a large amount of stores and a number of prisoners. Gen. Pope’s official dispatch, dated August 29th, claims a victory over Longstreet. and the capture of 1,000 prisoners, many arms, and one piece of artillery. He says that Gen. Heintzleman’s corps would move against Jackson, six miles west of Cen- treville, at daylight : and that he did not see how Jackson could escape without a heavy loss. The Washington correspondent of the New York Times says that several States are much further behind in rais- ] ing their quotas of troops, under the new call than has been represented.— There will be very few States this correspondent says where drafting will not have to be resorted to. Gen. Phelp’s resignation has been accepted. [Phelps is the officer who quarreled with Butler about arming the negro regiments at New Orleans. —Ei>. Chrox.] A Democratic Mass Meeting was held in Philadelphia on Saturday last.— Resolutions were adopted denouncing the secessionists and abolitionists, in fa vor of frees peech, and the prosecution of the war, Among the speakers was Charles J. Ingersoll, who declared that the object of the war was to free the negroes ; and he denounced the Federal Government as the most corrupt and despotic ever seen here.— lie was subsequently arrested for ut tering these sentiments. A letter from Lord John Russell to Secretary Seward, dated July 2Stli, is published. The former refers to the evidences of the increasing bitterness of the strife in America, and saj's that the approach of servile war so much insisted upon by Mr. Seward, in his dispatch to which this is an answer, only forewarns us that another element of destruction may be added to the loss of property and waste of industry which already afflict a country lately so prosperous and tranquil. He claims that her Majesty’s Gov ernment has maintained an impartial neutrality, and desires in the language of Lincoln to the Governors of the thirteen States, the bringing of this unnecessary and injurious civil war to a speedy and satisfactory conclu sion. • • received here, dated Netcbez, 2d, sta tes that fourteen Yankees landed and commenced pillaging under the hill. About thirty men went down and at tacked them. The pillagers were mostly all killed or wounded—only three were seen to return to their boats. They fired shell, grape and cannister at ps as we came up the hill. None of our men were killed. Three children were killed and one wounded by a shell from the gunboats; both boats have gone up the river, it is supposed to get better range. They shelled the town two hours with out giving time to remove the women and children. The officers expressed their determination to join the upper fleet. The Essex hoisted the black flan as she went down. The news from the North is as seri ous as possible. Never before were such efforts made in a grett undertaking as are now to be witnessed among that people in creating a new army. They are not ouly in earnest, but they are madly, terribly in earnest.—They will not only recruit the new army of six hundred thousand men; but they will j do it speedily. Before next January] they will be ready to repeat their in ter inattention to the patients under their charge. Feeling convinced that if there were men at once so sordid, ignorant and brutal as to neglect the stricken and suffering heroes of our army consigned to their charge, and rob them of the food and drink con tributed for their restoration, that they would be little affected by newspaper publications, we exhorted our corres pondents to lay their complaints be fore the surgeon general. Recently, however, committees have been ap pointed by both Houses of Congress to enquire into the condition of the hospitals, and to ferrit out the alleged abuses in the medical departments.— The committees have already taken the field, and from the known character of the gentlemen who comprise them, we can safely predict that their inves tigations will be thorough. YVe learn that the committees will employ a competent reporter to take depositions. Now is the opportunity for the suffer ing soldiers, and the indignant fe- senting only a tail view—in the^counter- male visitors of the hospitals to speak teit it is much plainer, and the mule pre- out. sents almost a broadside view. §50. In the genuine on the left hand end the forward, is partly Counterfeit Confederate Treasury Notts. Below our readers will see how easily it is to detect the Counterfeit Confederate Notes, which have been circulated in such large amounts in this and other cities ot the South. Merchants and traders would do well to keep by them these directions to detect the spurious issues: From the Savannah Republican. As thousands of these notes are in cir culation, and but few know how to dis tinguish the genuine from the spurious, we are doing the public a service by giv ing the following tests, which have been kindly furnished to us by a hank officer’of this city: §100. The sailor in the left hand end leans up on an archor, diagonally across the vignet te, from left to right, in the genuine, there is a hair line very distinct, as if the stone from which the impression was taken had been’broken or cracked. In the counter feit there is no such blur or hair line. In the centre vignette, right side, near the cotton press* is a mule—in the genuine it is very indistinctly executed, and the mule looks as if he were walking from you, pre sailor that is leanin j bald —in the counterfeit a more full head vasion of the Sowth with all the advan- i ,■, • , . . , . , - , , , , M>t hair; have seen none signed except on tages which experience lias taught the leftf c . Riggs> Iette ° r A smal f let _ them. I he second invasion will be more d t 0 the right of the A. formidable than the first; because of the desperate determination with which it will be made. Before, they were over confident, and their ingress was attend ed by many exhibitions of incaution and neglect. They considered their work already done, before they had fairly commenced it. This will no longer be the case. Their preparation will be thorough, and every movement will be inspired by a caution and resolution which have not before been known in their advances. They have gone to work now in j creating an army precisely as they did j after the defeat of Manassas. They | were exasperated then; they are infuri- ated now. The parallel between now j §20. The sailer in the left hand corner again betrays tlie counterfeit. In the genuine the crown of the sailor’s hat is very much broader than in counter feit—the shading line on his jacket in the genuine, run square across the body—in the counterfeit they run diagonally across the body. The paper of the counterfeit is whiter, stiffer and better than the genuine. YY ith these tests, there will be no diffi culty in discriminating between the genu ine and spurious notes. Run over your “pile,” and see to what extent you have been cheated. A Yankee Letler. I) esc rip/ton following of the Battle extracts are and then does not stop with the case of I Interesting the North. It applies to our case. YY r e I Field.—The are in danger of falling into the same from a letter captured by our troops indolence and false security now that | from the enemy. YYe omit the name we fell into then. If we do so, ruin will 0 f the writer and his correspondent, as Kirby Smilh Victorious in Kentucky. A private despatch from Knoxville, 3d, has been received containing the following despatch from Gen. Smith : Wo bad three fights near Richmond, Ky. Tbe enemy completely routed. Gen. Nelson wounded in the thigh. Gen. Miller killed. Gen. Munson and Staff, with about three thousand oth er prisoners captured, together with all their artillery, small arms, wagons, &c., &c. Our loss slight. Kuoxville, 3d.—Mr. Hammond writes that Gen. Smith met the enemy at Richmond, Kentucky, last Saturday, fought him all day, and routed him with great loss. Took all their artil lery and many prisoners. Mr. Ham mond is unhurt. H. L. CLAY. Chattanooga, 3d September.—The following official despatch from Gen. Kirby Smith, has just been communi cated to Gen. Jones: Richmond, Ky., Aug. 31.—YYe had three fights on the 30th near this place. The enemy was completely routed. Gen. Nelson was wounded in the thigh. Gen. Yliller was killed. Three thousand prisoners were captured, in cluding Gen. Manson and staff’, togeth er with all their artillery, small arms, wagons, Ac. Our loss was small. Mobile, 3d.—A special despatch to the Advertiser & Register dated Knox ville, 3d, says that on Saturday morn ing. 30tli August, Gen. Kirby Smith’s forces engaged the enemy under Gen. Manson, seven miles south of Rich mond, Ky Preston Smith’s Tennessee and General Claiborn’s Arkansas brig ades gallantly opened the fight at 2 o’clock P. M. The enemy were rein forced by Bull Nelson, from Lexing ton. Our troops fought with desper ate courage. Kirby Smith led the last charge in person, cap in hand. After three .severe engagements the enemy were totally routed, with the loss of all of their guns but one and three thous and prisoners captured, including Gen. Manson and Staff’. The Kentuckians soon stare us in the face. YVe drank deep of the cup of bitterness during the first invasion; we shall have to drink to the very dregs during the sec ond, if it find us again as unready for the conflict. YY r e cannot afford to relajise again into our first fatal supineness. YY 7 e must prepare for the evil that is threat ening, while yet it is time. YVe must raise a new army of half a million of men; or our cause must be lost, and with it property, liberty, every thing we possess. At first the ruin would have been partial. Now it would ’be well as his private matters. The let ter is written in an excellent hand, and is given below verbatim :—Richmond Examinet*. Culpeper, Va., Aug. IS, 1SG2. ***#*# I am sorrow to- say that the order of Gen. Pope in regard to subsisting in the country, has had a bad effect.— There was always a large number enough, who would, in spite of the most stringent rules, rob the plunderer but the number is now five times as great, and they contend they act under Gen. Pope’s order in going into houses absolute. YY’e must "o to work to avert .. . . iu. i.i : rpj le | and demanding everything the people gras*. The overwhelming numbers threw down their arms and deserted to of the enemy forced us to fall back, but only when not a field officer remain ed. Chattanooga, in the Cherokee lan guage signifies “ Moccasin Gap,” be ing suggested by the river bend at that place, with its fringe of green woods. YY r . H. Hurlburt, who was for a long time imprisoned at Richmond, under suspicion of being a spy, and who was finally released, has turned up in YVashington. our lines. Buell Nelson was wounded in the thigh ; he was hotly pursued by our troops and doubtless- captured. The enemy’s loss in killed and wounded is very heavy. Gen. Miller is among the killed. Our loss slight. Our troops were marching on Lex ington, which is taken ere this. Large quantities of stores, wagons, arms and munitions were captured. The enemy’s force was ten thousand. Jackson, 3d.—An official dispatch the blow impending over us conscription must be extended. The ! measure is a public necessity; not a thing of choice- It will be oppressive! to the country, it is true. Their affairs at home have become doubly as impor tant to the people since the war, and since the withdrawal of so many young men of the country to the army. Tbe labour of those who remain, is twice as valuable to themselves and their fami- liesnow as ever before. It is therefore an excessively irksome tiling for the subjects of a new conscription to be called away into the armies of the coun try. But temporary interests must yield to those which are permanent and en during.. The profits of this year must be relinquished to save those of all the future; which can in no other way be rescued from ruin. YVhere a people’s all is at stake, it will not do to trifle about particulars. YY T e must have an army to meet the new invasion of the North., It must be adequate for the purpose: and it can only be made so by an extension of the conscription. There is now no doubt that an act of Congress will be passed for that purpose. It were preferable that the new conscripts should be organized un der State auspices. But whether un der State or Confederate direction, it is absolutely necessary that they should be enrolled and organized. The bill having this object, should be enacted at once. The business of enrollment and drill should be speedily entered upon. There is no time for hesitation or wordy debate. Two weeks have passed since the meeting of Congress, and the measure is not yet a law. Meanwhile regiments and brigades of the new levy of the Yankees are pour ing into YVashington. Three regiments a dav is the average number of troops passing through Baltimore alone. The new Y’ankee army is already partly in the field, other portions are organized and on the march to the places of ren dezvous; and very soon ourgallant sol diers, now confronting the enemy, will have fresh troops to meet in addition to their old antagonists. Is it fair, or just, or honest, thus to subject them toune- bual contest ?—Are we never to be in condition to take advantage of our vic tories? Are we to continue to sutler all the disadvantages of defeat, although beating the enemy on every field? It is time that Congress and the country were looking this subject ful ly in the face.—The enemy are pro mulgating many stories of discourage ment and despondency among their troops and their people, and are again endeavoring to throw us off our guard, and to seduce us into a false security. Our government and people have been deceived once by these artful tactics. Let us not prove ourselves such dolts as to be entrapped again. [.Richmond Examiner. have that is eatable. ****** Y r ou have heard of the great victory over Jackson. If you had been here i/(fu would have seen the victory over Banks.— Banks was badly defeated ; his whole army corps is rendered hors du combat. No flag of truce was taken from us to them. However badly we are defeat ed I intend to tell the truth. A defeat is sometimes inevitable, but lying is always unjustifiable. I YY r e give the names of the gentlemen on such committees: Senate—Messrs. Simms, ofKentucky, Hill, of Georgia and Clay, of Ala bama. House—Messrs. YYTiight, of Geor gia ; Farrow, of South Carolina; Goode, of .Virginia ; Smith, of North Carolina, and Bell, of Missori. Rc’porl of (lie Secretary of tlie Treasury, Tkeasurx Department, C. S. A \ Richmond, Aug. 18th, 1862. j Hon. Thomas S. Bocock, Speaker of the House of Bepresentalires C. S. A. Sir :—I have the honor to submit the following report of the condition of this Department, and of the estimates and sup plies requisite for the support of the gov ernment, until the 1st of January ensu ing. The receipts at the Treasury up to 1st August from all the various sources of in come, are as follows : From Customs $1,437,391) 90 Miscellaneous sources 1,974,769 33 Loan, act of Feb. 2dth, 1861 15,000,(100 00 Loan, act of Aug. 19th, 1*62, 22,613,340 Ci Call deposits under act of Dec. 24, 1861, 37,585,200 00 Treasury Notes, act March 9th, 1861, 2,021,100 00 Treasury Notes, act May 16th, 1861, 17,347,955 00 Treasury Notes, act August 19, 1861, 107,764.615 00 Int. Treasury Notes, act April 17, 1861, 22,799,900 00 §1 and 2$ Treasury Notes, act April 17, 1661 846,000 00 Temporary loan from Banks—bal ance, 2.625,000 00 War tax, 10,539,910 70 $302,555,196 60 The expenditures at the same date are as follows : War Department, Navy Department, Civil and Miscellaneous, *296,370,549 41 14.605,777 86 15,766,503 43 $328,748,830 70 The difference betw-een tliis sum and tbe receipts, amounting to §20,193,634 10, is made up of tbe various balances on the books of tbe Treasury to the credit of disbusing officers, which are not yet paid. There are, also, outstanding requisitions upon the Treasury, upon which warrants are not yet issued, as follows : War Department $18,112,192 15 Navy Department 411,936 00 $18,524,123 15 This sum must be added to the expend itures paid as above, in order to exhibit the whole expenditures of the Govern ment from its commencement to the 1st August, and the aggregate is §347,272,958 the sequisite funds can be raised. The resource has its limits. But it i s hoped that with a reasonable economy i n making tbe appropriations, the plans already set in operation will extend these limits, so as to reach to the end of the war. The inherent objections whicli attend a Government currency are that it disturbs tbe standard of value and enhances prices ’The facility with which it i 8 created is a constant temptation to excess; and th e danger of this excess, together with the doubt of an ability to pay, are the chief causes which affect its credit as a curren cy- . Thus far, no want of confidence has been exhibited in our currency. It freely cir culates everywhere, and the fact that the banking institntions receive and pay 0llt Treasury Notes in their own business i s the most certain indication that their cred it is unimpaired. The other cause becomes active only when the total amount of circulation ex ceeds the usual business wants of the com munity. It operates without relation to tbe actual value of tbe circulation, so that even coin, if it should be kept in a country, (if in excess) produce the same result. The effect is a necessary consequence of the relation between the whole circulating medium and the whole business and pro perty of the community, and can only be modified by influences upon the cause. Every means, therefore, which will reduce the quantity of circulation become important, and should diligently be sought after. It was witlithis view that Congress a- dopted two measures of relief; one, by which any excess in the quantity of cur rency might at once be permanently with drawn and funded in S per cent, bonds— the other by which the same effect could be produced fora time, through interest bear ing notes and deposites on-call. But plans are working well. The deposites have in fact been a permanent loan at 6 per cent. The interest notes, although current to a certain degree, are usually withdrawn from general circulation, as soon as a sufi- eient amount ol interest has accrued upon them to make them valuable as a tempo rary investment. It must be observed, however, that if this interest should remain in arrearfora long or indefinite time, these notes encounter a difficulty which serious ly impairs their value, namely, that of an unproductive investment. Thus, being both unproductive and uncurrent, they will not pass into general use unless the interest btAoaid annually. It will he seen that the cfeue of these notes already amounts to upwards of tweuty-two mil lions. Much of it has doubtless been un der the belief that the interest would be paid like other interest, and I have encour- conraged this belief by stating that I would recommend to Congress that the in terest should he paid annually. I earn estly hope that Congress will approve this recommendation. The payment could be stamped annually on tbe note without en cumbering it with a coupon ; and in this way it is believed the objects intended by the issue would be affected. went with 300 of our regiment, to the I and for still greater accuracy it should field on Monday morning to bury the be stated that as about five millions of the dead. The Rebel Gen. Stuart rode up to a tree near by, and said that some arangements must be made, or else they would fire on us. Gen. Bayard negotiated a truce, and we then proceeded to carry the poor man gled, swollen, blackened, putrid bod ies that lay scattered over the field, to their last resting-place—a deep ditch dug—in which they were piled two or three deep. This seemed hard in deed, hut could not be helped. They had lain on the field until the stench wasso great that it’seemed impossible to bury them in any way. The har dest part was, that many of our wound ed had lain in the sun for forty-eight hours, during which time they had had no water, and, of course, were almost dead. * * * * . * * There is quite a stjr, and rumors say that our army is retreating towards YVashington. I see the wagons all going hack, and am informed by our Surgeon that Jackson is going down the Shenandoah Y T alley. If this be the. case, and Pope with so large an army and so well disciplined as he has, surely there is a great oversight in somebody. * * * I am much discouraged. YY r e have a large army in the field at a great expense, and it seems to me to be at little profit. **#*## Two nights the past week, I slept on the wet ground without any blank ets—everything we had being in the rear. Of course that was not condue- cive to health, and I find myself worse than before. The doctor tells me unless I am careful, my lungs will soon become affected. YVhile I am at all times willing to he attacked by the rebels, I must acknowledge my fear of disease. Diseases in camp are so generally fatal that they are surely to be dreaded. It* is estimated, that nine die by disease to one by the en emy’s bullets. amount charged as expenditure has been paid for tbe redemption of Deposit Certifi cates, tbe aggregate above stated is sub ject to that abatement, when considered in the light o’ actual expenses. Tbe Treasury Notes issued to tbe same date are as follows : Genera] currency notes of Five Dollars aid over, General currency notes under Five Dollars, Interest bearing at rate 3 65 “ 1 “ 7.30 To pay the balance against the Tea- sury as atiove set forth, there must $180,956,035 846,000 1,441,200 22,799,900 $206,044,035 be a iiirtler issue of 26 193,634 And to pay tbe outstanding requsi- tion, as above stated, 18,524,128 Tlie issue already made of these $250,761,797 notes as above shown 163,244,135 Leaving authority to issue only 16,755,865 The difference! between these balances now due by tbe Trea- $200,000,600 sury 44,717,762 and the above 10,755,665 is 27,961,897 Unless tbe balance can be paid by bonds or 7.30 notes, the authority to issue gener al currency notes must at once be extend ed to pay tbe. same ; and that authority must be extended still further to meet the appropriations already made by Congress, and not yet paid, and also tbe further ap propriations yet to be made. The appropriations already made by Congress and not drawn on 1st of Aug. amount to §164.667,369 93 Tbe estimates submitted by the various Departments of tbe additional supplies re quired to make good deficiencies and to support the government to 1st January next, are as follows : For the War Department “ “ Civil List “ Miscellaneous $44,373,590 36 386,607 39 102,899 38 Out ofthe steerage passengers of the City of Baltimore; on her last trip from Europe, upwards of forty enlisted in the Yankee army immediately on their arrival. This is the class of men that are fighting against the South. Hospital CoMMT TTEes .__c 0 untless communications complaining of the hospitals in and near Richmond have, during the past two months, been addressed to this newspaper. Some of the communications were from visiters to the hospitals, others from the unfortunate immates of those institutions, but all harping on tlie same alleged abuses, the guzzleing and gormanaishing of the young doc tors and their underlings, and the ut- $44,662,097 13 So that (lie whole amount of sup- • plies required to 1st January presents a total of $209,550,467 06 Congress must now determine the best mode of raising tlie sum. If the bonds or stock of the government to any considerable extent could be sold, they would unquestionably ofier the best mode of raising the money. An examina tion of our funded debt account will show that only a small portion can be raised in this way. The whole amount of bonds and stock issued is as follows : 8 per cent, stock and bonds 6 “ “ call certificates 41,577,250 32,784,400 $74,361,650 This statement, while [in the large a- mount of call deposits, it exhibits its con fidence in the credit of the Government, yet in the small comparative amonnt of bonds and stock, it shows an indisposition to make investments in that form. YYe are, therefore, constrained to resort to Treasury Notes as the only mode by whicli I would also recommend that the notes be issued of a less denomination than one hundred dollars. The large amount of money iu the bands of private capitalists is tbe fund which we must induce to be loaned for tbe uses of the government.— From the YYar Tax returns anu from esti mates as to such States as Lave not yet made complete returns, this fund may bo set down at seven hundred millions, and on* of the. best means for procuring tbe use of part of it by tbe government seems to be through these notes which answer the double purpose of currency and invest ment. I have, also, to report that the accept ance of deposites on call at 6 per cent, has operated well. It will be seen that near ly thirty millions have been deposited in this way ; thus proving, at the same time, tbe citntidence of the country in tbe gov ernment, and th£ advantages of tbe plan. It will also appear from the statements herewith that there have been issued about ] S846.000 of notes under five dollars.— These notes are in a great demand, and tbe issue of them may be extended to ten millions. The issue of the larg» amount and va rious denominations of notes has confront ed us with a difficulty wihch calls for the intervention of Congress. It requires the services of 129 clerks to perform the va rious duties involved in the issue of these notes. Of these about 72 are employed in signing; and it will be readily seen that tbe security intended by the signing is thus reduced to but little practical value. It is difficult for any one to bear in mind tbe signatures of so many different wri ters ; but when to this is added the changes required by sickness, absence, and resignations it becomes impossible. These embarrassments have been in creased by the efforts of our enemies to counterfeit tbe notes. Organized plans seem to be in operation for introducing counterfeits amoDg us by means of prison ers and traitors; aud printed advertise ments have been found, stating that the counterfeit notes, in any quantity, will be forwarded, by mail, from Chestnut street, in Philadelphia, to tbe orders of auy pur chaser. Under these circumstances, it will be necessary to change many of the plates and to make new issues. The change would be more complete by dispensing with the variety of signatures, which are attached to the other notes. I am inform ed by tbe engravers that the signatures of the Register and Treasurer might be en graved in fac simile and printed, and that by stamping an elaborate engraving in col ors on the back of the note, tbe security against counterfeits would be greater than it is at present. The expense of the issue would be diminished by dispensing with the numerous signing clerks, and its more prompt execution would be secured. In order to make this change, the authority of Congress is necessary. The laws against counterfeiting, if not already sufficient, must be made to embrace these notes. In this connection, too, it is proper to bring to tbe notice of Congress that tbe penalties of the law, while they apply to any person found in possession of counterfeit blank notes, with intent to utter them, do not seem to embrace notes which are com pletely filled up and are already for cir culation. The situation of the country made it advisable to remove the printing and en graving establishments from Richmond, shortly after the last adjournment ot Con gress. The distance from the seat of gov ernment at which so delicate a business must now be conducted, involves the ne cessity of greater expense aud of greater ability and higher character than those of ordinary clerks, in those who must super intend. I would, therefore, respectfully suggest that this Department be made a separate bureau, and that a Chief Clerk, with an appropriate salary be charged with with the superintendence of its business at Columbia.