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TIB MN&VWIkIONALBT. PUBLiSHhSIBf STOCKTOIST So CO. AUCiUfiTA. 3-A. WIDSKSDA Y MOSSING, DEC «, 1863- t* mt# daicv ow yevr B*o - tixMovru* ‘P™ •• THREE MOUTHS ®OO •• ONE MONTH , *" ! mi-M'KRKIV UWIMB... **oo MX MONTHS O oo WEEKi.N SIX MOVIUs.... * ££ THREE VPSiHh * 00 _,_v,t*HLE effects op the bask « ov i*lav re greatly regret to see the manifesta tioas of favor with which the plan of enforced funding of Treasury notes, as recommeded by the Bank Coavention in this city, n received ic high quarters. At this writing we have not seen his report, but it is anderstood that Secretary Memminger recommends the Bank plan, and the so-called organ of the Adminis tration, the Richmond Sentinel, first intro duced the plan to general Mtiee, introducing it to the public fro a a Xorth Carolina pa per. The President evidently leans to en iorced funding, though he favors also rigorous taxation, and rightly, regardless of the non enumeration of the population. It is n<> -pride of opinion, no antipathies, no formal jiolicy consideration that induces us to ra voice of warning against so iniquitous ar 1 fatal a measure, and to threaten the Congress —should it. adopt the plan—with the wither ing wrath of an outraged, betrayed and ne franded people ; but it is solely from a con viction that the system proposed is a cuun.il/- ly devised scheme whereby the holders oi present currency—the Banks and the specu lators, and all who have accumulated ini men sums out of the miseries and necessities anti blood of the people—may be enabled to conm t their depreciated paper into gold at par ; a scheme too that will neither reduce prices he the mass, nor the daily expend .tores of Gov-' ernment, but that will certainly result in i;a- ; tioual bankruptcy and repudiation and <li-- honor, aa.l that will ruin the great mass of property holder? in the Confederacy. We are confident Ihe proposed plan will result m repudiation, because at tlurvim <>: fifteen months (ami all know the war cannot slme in that tiui", unless by our subjugatim in which event all values go down together and general ruin and enslavement ensu .1" which any fate is preferable) we shad have a debt ol two thousand millions, fund d and un funded, which will require the nett income ol the country as tax 's for fifty years, and there is u» jr ople un i r the sun that wilt pay Do who' .or :hr-.e fourths of their income for taxiv lor any eonsiderble pert- d. l-..."i‘*.y better than this Bank p'au would be a e ear annunciation that Congress would do noth:. ' tmt authorize the issue of Treasury nol'v, which shoul I ail be burnt at the close ol the war, the greatest objection to which is, tin t unless wages could be re-arranged each with aUVhrtfbrrt'WlWtS- l #U,ua,thjo;cpiiar still more. W, are altogether willing to ini pose a p irt of thr pecuniary burdens of this revolution on posterity, only so much, how ever, as positively cun reasonably be expect ed to pay; but it is a necessity of the situa tion that a large port of the debt be ] rrejJ row, or else u will never be paid at all. I. it were prop". 1 to tax ull # people, even i»" I rately, lor th ■ privilege of day light, 1 1. ..■ would be a general revolt; but if we were in somplctc il.ukiiwo would give cheerfully tire Imlf on tha wliolu of our property, fyr light. iv» fthile we would jmy any uun ni'.l nowedcai t rubjugation and ucijuiie imlu peudencc, yet, iudcpemlenco once acquired, we, and especially posterity, would Ire loth tre jruy large tuxes for it. We ure confident nol oniy that the lh nk plan wilt result in national repudiation, lull that it will entail individual ruin oil the gre at muss of the holder? of property. l/:t us exit • ineit u liule. The owner of hinds, negroes to d lira stock—tho actual property of the coir,-' try—to the antouut of one hundred thousand dollars, un,l it iloes i.ot require u great if ol property, at present prices, to amount to that stun, must pay a tux of at least twelve hundred "dollars, to meet the internet on this liii lioti of bonds. 11 he is to pay coin, at pre.-cr.t price, it will cost him twenty-lire thousand - nearly one-loutth the value, indepreciaUxl cur- rency, of his property. Os course we will not , pay coin, Lott coupons ui the prejased b0,..f. j lie must therefore o>vn the bonds tliernsvivi;!, for if he does not, he must iiuy coupons fro.n | baud holders at' the price of gold. Coir j quently he will be forced to invest twt. \ thousand dollars in six per cents, lie hue m l rue roudy money at hand, and therefore uu.' 1 •liner MAX „a ß r u ,.a .. .. borrow the money, lie will prefer to bur row, and from whom? Why he cun get it only from the baths, or the other shyloei. *, who have am.ts.-rd sums ol Treasury nol s and they will w; iingly lead to the last d.<::„r. vooach man to th extent of one-filth ol tie proseut market value of his property, that property ’ tariug only two, three, or imr j ptices, while gild bo is twenty. In any event, except subjugation, the lender tviii \ suture, fertile property of his debtor will tiring one lTfth its present value in gold, aad perhap?, uiier *ai war, ;.ot one cent m,■ But what is the condition of the debtor, ihe bond ho'uVr, the property holder? Ilein-’.s uot one dollar ol interest on b : ,3 bonds, for every cent is required us taxes, but he mu, t pay ihe lender interest, and some day he mo«t psy the principal, in gold or its equivalent, and that, in ail human probability, will re quire every doiinr of his capital, except his bonds, lie must curry those bonds, and car rythem permanently—there being no pro vision lor a sinking lured for ultimate redemp tion—or sell them for a sopg. dt i 3 p ro p l)K . turcoua to imagine that tho Confederacy cun permanently carry, a billion of six per cetits. ulsre is sarplus currency to absorb .henuo:: tinuaily, but ther? hi not surplus 'capital in i! country to carry permanently one hundred . millions. Whure will the bond bolder—c\ erv dollar of whose property bus gone to pay tii uole he made to tiro Bunks or Shylocks for ths JUrrcncy lo buy bon4»— to find a market for hi- bonds ! He can look only to the coun tries where there is surplus capital, lie must offer them in Europe, and no European bank er will give him five cents in the dollar for Confederate six per cents, the orignal holders of which baa parted with all his proparty to pay for them, aud is still burdened with a thousand millions more of debt, or, if the war lasts Give years long, r, with five thousand millions. With the enforced funding of tbs first thou j sand millions, making no provision, by taxes I for sinking fund or for current expenditures we shall have, in eight, ten or twelve months an outstanding currency debt as great os the ! present circulstion, prices not reduced, ox ! penditores not reduced, increased 'expense by i the interest account, not a dollar of debt paid, 1 confidence lost, repudiation made certain, ! present currency converted into gold notes by | its holders, the property of the country ! pledged, not to the Government, but to cur i reney lenders, and everything in inextricable ! confus on and ruin. It is against such a monstrous and wicked scheme we would raise | cur voice, ond demand of Congress in the name of the people, that so foul a wrong shall not be done. There is only one path to safe ty, indepeudecce and honor. But every man. that van he spared from home, into the field at one/, tux unmercifully, pay half the debt j mm diately, reduce the circulation to a hun dred nmlion?, and thus reduce pices for people ami expenditures of Government in the same proportion, and then pay your way as you go, at least to the extent of one half. Thus only, is we believe, can the country bo triumphantly brought through her great difficulties, inde nt ndence achieved, peace secured, honor and ability to pay maintain:*]. TO AII.MS 1 icre ca.r.o; b- 1 reassnabls doubt that tbs •neniy Will, m » few months, concentrate alt his immense energies, Inb men and material, for a last ird elf >r, to cru-b tbe f w;r of the rebellion Pur s x months past Confederate arms have met iiauuto,-, riisved only by tbe bloody, great, but ins aoaipicte victory of Gbicainanga, and ihere never •i.«s been * tune when the Abolitionists were more .-.p .rd, mote deterunted, more ciwfldent ofqoick ..ttcress, It is idle to attempt to disguise these lilog-; it 1; loolirb and self distructive to at. .1 opt to chin and deceive ourselves. Boasting .r d falsehood will not avail us now. Nothing ,ilt av .il but determined and desperate courage. \ e cm not auooerd unlese each soldier will re soiv,-, and maiutan that resolve, never to turn bis back again to the foe, and unless every ont til tr a sot diet’e duty is put into tbe fight. kx p,nonce ought to have taught the Confederacy *r.J the Suite ol Georgia, that success is not at. li.inehii* b - halfway measures, byrittering away tho streagt of the people. We bare made cne _.:v.,,t fa-lare, aud that has been continued, by u-.i p. 1,1 ,sg forth at once ell our avuilubie raeuiti. Bat. e aud d.ueate and desertion bare already lust t. il.o army half tbe strength it originally si,., i'.-io tim! hat cerluiuly now ooine for u e.u ifw»..p - tor gain ring up tho Whole possi ,,ver o', Ooufederacy and Stale, and hurling t ay unit the host womb is striklug at tbe very ~'y.s oi ilia nation. And yet the Georgia Logis- aim : lie us es to give Governor Brown the areu tie his asked for, rad which tie must have, . .d lutt Congress talks still of exemptions. JL)h ' iai we had some clearly developed real militi goutu , that could, and would, gather up all '.hesectored energies of ihe people, and drive 1 1 . ilfoui m detached, irregular, dH-jhlhfe-h’tiThhk The time has ccmo for sharp, short, decisive i By Heaven, wo must not, (ball not fail. The,o is no cause for misgiving nod iaini beari n' ss. ivc ci; and we must whip the tight, if we i, >ll bn, . whotKccnn. There must be no mote retreat- nod no more dtleatr. We cannot ufl rd • r lor tuch stampede and ruinous spectacle as , .in** ! 0 >:'.'lano:'g'i produced by overwhelm* i mu rbsriiy of uum'oer* by the enemy, bat mi ; i.cu ally by an ill-ordered organisation o- mu ;no • . Wo must not leoish'y divide our ■ ;, ss ' fending Lcngstreet i IT. Wemnd ni- the . i v with iqnal numbers, under their .i 11 i. -...!, olio nho cau conunaud their cm tl ■lnk a iil lure, ami ont.be subj. ct lu jealourtes a ui ilipcnuteut, un Ilia part of iDlerior offe;. rs, ; Gio. Hrigg warot J iba over-cuulldeul. Priais ■i t uniiiediattfly after the liglit at Übiesoinuga. ■ Imvs the lueD, and they must be put in l We ;,',v aUenrrsl equal to the crisis, aud be must c mimund. It is folly to talk do k of *• seed -i” * I i-iut-t go, aud go at once. It is Ur i j iti r tn . rind our seed com than to give bntli , I r.: • n.'d to Ihe Abolitisaista. 1,. ;i fi ,1 , ■ ice deserters and stragglers him', id um\u bacc In camp, aud the eni remeiiieU n tnn future by aiioutiog the gttii*f without ui-.-rcy. And then tbe ranks must be Sited by is, •v.a ingtx mptions, and by putting inalrvU-* jvn furnished rubs'.Titles. We can dtspensr', at present, with tuch judicial uud executive officer.-, Juetic.a ol the Peace and constables. Sheriffs, . eibiqis, should bo retained, and cerlaialv O. di .itrs.'s ami Coilectore of Tux-s, aud a lew policp •i tic c:t cs. Trained workmen, of course, uhibi ■ e kept at work,exosot shoemakers, millers and a tiAelwrii’hts, Cripples cau soon learn ihe two ihrmcr trades, and tho iattot to not tnitcu nse-ku except by tbc Gtivernmfb 1 . Enroll all, and ih.* ti.il only these absolutely necessary, filling all pieces, as ur us piaoticable, with disabled eoN diers. We cut uispense entirely with preachers and teie: ers under forty-live, fer a year or two pti-1 il.-owi b physicians under that age. Rep (i i lie tux ire kind, curtail exemptions and put in the who heTO substitules. and we shall increase ihe ar.ny a hundred Ihousuna men nt once, y, do nol thick it advisable to disband the militia i gauistnun ol Georgia end turn its officers over :o Contederate conscription, for experience has shown th t the organisation was of great advau te •» in getting op the quota of eight thousand, an l nearly all tnese officers ars now in Confede * rate ssrvics for Stale defence If the r time o! ! nlistmen* expire be'ore thev are aotually needed ill the tight, they caa be readily re-e listed, and b- prepared (or the great spring struggle. Ivory “•’tvmust now be ready to do his duly, and he •1 &• is not willin< to do all and enffer all, rather '!■ m surrender lo the Tankees, must be made to •y i. The times call loudly to old and venue to , bus eon them armor for the fight. We must t .a-! o- .ac, ol men, and if we but hive ‘he ■ ren.ii ,I t.i v will stand their ground, we shall -'i qn i P- e. It is far better ti put in all for » ’' - tog \ ih nto k-ep up an interinimible ’ ‘‘ 11 ' ns ' 1.1 'lent uumbsrs, thus prntraclii-> war acl n s sufferings and hardships io all ’ ‘at a ry nCTBO “ cs P i ' ,; e °f » three momhs’ i ' f • ' e s a military service to bis couutrv, ' ''.imirv calls cn him to pay his due —i a> a beiore it be too late. * J lamcßKD -We regret to learn, says the Pen 11 ' x * : ,rt 'that itu flae steamers Il insa , at.d f-ttwo of the most successful blockade nr-item heretofore, w.reoaptu.ed last week I " : .‘0 eedearoriog i - make their way to Eea. I, ,h * *** * Dd f “» "•» agreuad on Satur , ‘T B.ght, and fired. The office™. „rew naff K-. . escaped just before the Yankees teacLtd he vessel. The ow>«* were speedily ex . gureh... »nd the. vess-l towed iff. it I bat ,he n-ai,h,r us blockading vessels off Wilmington has been increased, sad that the Taf. c.i! officers k<ep a more vigilant wstch than ever off that port. EUROPEAN NEWS. The steamship E ha, from Qinsitov*, on the 26th of Novemoer, reached New York iast Fri day. Tbe Herald gives the following summary ot ber news: A larg number of the steamers plyiog on tho Clyde were neder engagements for voyages to Nassau, N. P., with cargoes destined to run the blockade, ft is stated that so many of these ves sels had been sold or hired for tbe purpose tbai tne Ble m service on tbe river would be almosi sosptnded.- Tbe alleged rebel war steamer Pampero was under strict seisuro by the English, government, pending the resuit of an investigation ot tbe cir cumstances attending ber biting out. Tbe Lyndon Times publisbss a letter from its correspondent in tbe rebel camp at Chattanooga, dated October 81b. He cays that among the va r.ous fruitless victories gamed by tbe- rebels, ibose of Chiekamauga and Bail Kun will stana conspicuous, and that Chickamauga should have been nettling more than a bloody ana no fruit, iul victory will, when its details are inliy known and deiibera'ety weighed, be imputed to the general who enaoced to command the troops who won it as ooe of the least pardonable Blander* and shortcomings of history. Mr. Cobden, M. P., addressed bis constituents at Rochdale in a lengthy speech on the 24:b ultimo. After a glance at the uroceedings of the British Parliament bo passed in review the lead, ing foreign questions of the day, remarking, witt reference to ihe American war, that he never bad believod—and believed less now than ever—that he or any ol -hose who heard him would ever live to see two separate nations within the confines ol tbe present United States. He denounced th._ war of tbe slavebolding aristocracy as a w 1 wagea cgainst democracy, with, the object oi erecting an empire of slavery. - England has positively declined to take part in the projected Bonaparte Congress. The inspired j.urnais o; Pane assure ns that all the Continen tal Powers, with tbe exception of Austria, ha7< acceeded in principle to tr.e Emperor’s proposal, and that the Emperor of Russia's reply is conceiv ed in very a mediatory and courteous terms Nevertheless, it is stated that tne Emperor Alex - ander demands a preliminary program tie of the subjects wbic . ihe Congress is to discuss, and the powerß which it ts to exercise. Tbe London Poste.ys that tbe Pope is determined on not sending a representative to the Congress, uni-.- - he is assured beforehand ol the resutntiou of lb provinces which ware seized Irom him by Victor Emanuel. - . Karl Russell was present-at a Cabinet couaci i uiijlie 28:1 ult ; and this fact n regarded as ad ditional evidence of tbe untruth of bis rspor’ed retirement from tha Cabinet. The London News alse confirms the slattmcnt of tbe Morning Post, and says there is no truth whatever in the report that Earl Russell was about to resign. Cabinet councils were of almost daily occur rence in London. The report of the Hudson Bay Compauy states that ihe construction of a line of telegraph from Gunada to British Columbia has been found to to perfectly practicable, and the requisite negotia tions on the subject are in progress with the home government, as well as witb tbe govern ment of the two colonies. Four large Blakeley guus have been brought from Low Moor works to Woolwich, for a g,,v. eminent proof. Tb.y weigh twenty tons each, and are said *0 be for the Bu-sian Government. The betting in Loudon was stiil la favor o' lieetiau, in bis fight with King. War was expected throughout Germany on tbe Uointem question. It was a said ibat ten thousand volunteers aro to enter Holstein, and the poople are to take up arms for Ibe Uuko of Augustenburg, tbe new claimant for ihe Duchy. Tue French ironclad fliei had a succcsslul cruise to Madeira, ihe vesafls were at Tenen3\ and w i.ld aoo: return to Cherbourg. A r.tiuur, circulated by tbe Russians, to the es feet that the Poles were about to lay down tbeir arms, hus been dimed in a pneiumation ot tb* national government, which announces a contir,, nance of the war us tbe only meaosef saving th - country. The panic with which the Exchange ~i St. Peter* torg was lately se *;d had somewhat subsided; but great uneasiness still prevailed ij commercial circles in that city. A ivices frt m China, du’ed tbe26ih of Octr her, stales that a breach cfheer had been murdered by the Japanese, that reparation was immediately demanded, and that “war by tho 001 binird French and English forces was generally expects ed.” The Madrid jsurnals repeat the rumor that Gen. Bioca had demanded the dispatch ol 80,000 men to S'. DomiDgn. The London Tunes oi »j»emoer -s„ » Never 1 us any proposal been considered more iitliy. and with a more s.wcere desire to show n - tpect to its au-hor, than Ihe French Empor , r’s uviiain a to a congress by the British govern meat. The insult of the If eat delibervii ms of the govjrameut was naturally to ask for information SI to tue subjects to waich the Emperor pros posed to call the attention of his diplomatic gueels. The French Oovercmen sentun answer propos ing four subjects o! discussiou—the affairs of Poland, of Italy, of Denmark, aid of tie n iihi bisu principalities. The ground haviug been thus cleared, it bee id:s the duly of die British GoVeium nt lo coisider these subjects. T a Ihe deliberations have long uud arduom. is shown by Ihe Cabinet cUlncils that have b on held j but we may odd iliat probably any besun ti"n arone more Irdui respect to France than from Uouois as to ihe iso da ol iho scheme. The inure ills maiiei- v’HS considered the more insuperable seeuied th: difficulties and tbs more questionable tho advantages. At leal it was resolved to decline entirely, with a full recognition of the Km per , ’r great services av,d good inlenta lowaras Europe At the Cabinet council held yesterday the reply of Uer M jesty’s Government was finally settled aud was dospulchwd last mgbt to Fans. TUICONGKRsa. The reply of Russia to the Emperor N'epo! mu’s iuvilalion to the European Congress was delivered bn ihe 2i.h of November. it is denied that Russia demands that the pio granimo of the Congress shall be drawn up. Brines GeitschukuUr has sent an explanatory note with a formal reply to the Emperor. ' tS-re'zirland sent a direct aeeeplance, but will comituuiicale its rtnerves. Advices from Paris hint that England's refusal may lead France to form a new and more intimate alliance elsew here. The official correspondence between France ! id tCngiund relative lo the Congres* is published It lady agrees with the version already iv, n. England lirst asked for the programme and when it was given, replied in effect that the’ Congress would not produce tho desired results; bul. „ m . hr.ps, ~ a ...tors worse. tiofne Pans journals censure the policy of Eo -. land in holding aloof from the Congress. *1 he cty articie ol the London Evening Fiir says on November 29 s Tbs despatches of Eirl Russell, in relerenca lo the European Congress have not given the sathdaclion expected Irou, toe anticipatory uotic sos them. THK AUBItICVN CJUBSTIOX. The steamer Kappnhannuck, under the Confed erate dag. arrived at Calais on the 2#th ult.. Additional advices from Calais says tiiat the B ’VP-baaaa»a •», selk-d bv th« French Custom au horities. (She sailed from Pheerr.ese, 8-igl v d •on the -2#ih of November, in an unSn ened a -i ’ She had a gang of corpe’.ncrs on board. -She is pierced for eight guns. A dispatch item London of the 29 h of Nov m ber rays: The officers es the hreuch cusi mis have ideated the steamer Rappahannock, sai \ to be cr s e one of the four vessels lately .sold by the lln,isa Gove,ament to the Coofederaics. The other throe are ht'.iug out on tho Thames for the Conlederate service. Toe K.ppahar o ck was formerly her Mains ty’s steam sloop Victor, and was told with three olh r aieumotsa few weeks sgo. Ihe three lat ter are . nglish war steamers, and are reported to be ffttirg out lor the Contederate privateers. A London dispatch of November 30;h say:: : “The Custom’s authorities at Calais hi va ie ceivtd instructions to al'ow the Confederate siesni'r Kappahacneci to 'esvc whenever her Captain pleases.” The Court ot Exchequer will hold a sp;cia> sitting at Westminister Hall on Monday, the 7;b us December, when judgment will be given u the case of the Conlederate steamer Alexandria. The rebel steamer Georgia has gone into dock at Cherbourg to repair some small damages. Mr. Spence, of Liverpool, ihe writer on seres- ■ sion in the London Tunes, has been addressing large meetings in Glasgow in favor of Southern independence. lie urged that England should lake the lead in lovipng tbs European Po., ers to ‘ intervene in the American war. The Southern Indepeudrnce Association • of Manchester bsve mviltd Mr. Cornell Jewell io deliver an address before them during Decem ber. Mr Jewett occepfei, conditional on his rot be ing conSucd to the subject of the Southern righi to independence nor compromised ss a Soutnern supporter. The Loudon Times of November 28, taking for its text the eulogies of Messrs. Uebden and Bright on American institutions, usd Mr. Adams’ -whists "f president luneo.o, has an ar'iele tu-ering at \ the' prqsont position of the Americau government and Mr. Llncolu’s incapacity. At u stormy meeting neld at Preston, England,' it was resolved to memorialixa Parliament to i stop the Amvricvi war by weans of remonstrance 'J'tie re*o*u‘ion was siroogly opposed, bat it w-8 ’malty carried. FINANCIAL AND C*MMEECIAL. Tbe Liverpool cotton market ru ed verr siren;? on the 26th ultimo, at an advance of &b*:u one penny on the quotations oa the 20tb Novem ber. were firm, ard wT’hou’ change. Provs’ons were quiet and steady. at I*B% for money m L nd -n on the 28ih o l No* vemoer. The Paris Bourse on 24«h of November was dull. Hen tea closed at 6T.15. latib. i Th ft steamship Cinada, from Queenstown, on i the 29ih of November, retched Halifax last Fri« day on her voyage to Boston. Her newa is three days later. The rebel sgents had added some British steam era to the Davis navy. The judgoieat in the Al exandria case was to be given on the 7ih instant. I Minister Adams made an important speech at a I thanksgiving dinner tn London. J he privateer Georgia was at Cherbourg. !’he not very adverse to the cf l. | Congress, but Napeleon was evidently chagrined jat begland’s re/asal. Germany was sti.i deeply agitated towa ds war. Mexico and Cochin China have a de* ficit m the French Treasury of £IO,OOO 000. Lord E gin 13 said to have died in China Cotton bad advanced. Brcadstatls and provis ions were steady. In London, on tne 28th u;? « mo, consols for money were quoted at 72%*&2%. IMPORTANT FROM MZXICO, Sax FuANcispo, Dec. 2. —Arrived steamer Gol den Age, from Panama; learner Panama, from Mainland, with one hundred and forty thousand dollars in treasure. Dates from Colima, Box to. are te Nov. 27. Comonfort was killed on the road between San Luis Potosi and Guanajuato, while fighting a band of Mexicans who favored French occu pation. The French had possession of Qjere'ero and. Guanajuato, and were marching ou Guad&iujan; und Moreita. • ' Munxil'a was sacked by robb«r3 on the IS h o!‘ >nvember, and the Oustsm liou-e destroyed, Colima wa* surrounded by Conservadores. 1 1 Government was represented to be po . less, und anarchy reigned within his no on in t jurisdiction. The news comes through private parties to ~ commercial house of San FraDcisco. LATEST Til" IMTLU STATLS The Herald ot the 12th December, says : r i in I s’oek market was not active today, and fu trans idiom were very limited, owing to tho cos nuued absence of outside buyers. The goi i ruatket was feverish to-day, bud prices coulu hardiy remain stationary an hour, At 9 A M., I6i#; at 12 M., \50%; at o'clock, 151>£; hi. 3 % o'clock, 151 %. it 4 % o'clock, lb*%. &oveu per cent remains me ruuug rate of imoreet. PitBSIDRNT BA VIS* MKSSACS. The Herild baa the following paragraph on President Davis’ recent message : We present to our readers this morning, amongst other very important subj-cn >.f intercut, Jeff Davis' to h'u rebrtl Core grests tn txUnto. It is a lengthly document, con mencmg with a review ot me wir lor tho p year, and electing with the sentiment that •*:! only hope of peace is on the vigor of resistriuc. Passag-s will oe tound, however, through 1. mersago whici betray the f*ct that Mr. D>«t is rather dubious as to how the means of vi- - oroua rosid’ancu cau be raised. T e policy »•{ foreign governments ao i the* currency qu-sir wi h the inode ot raising tncrt*asr*i taxation, u the topics inns elaborately Utscussed. Ou : former he is very eloquent, but cn the Jva rather dehpondenr. ll* recommends largely 1 > creased taxation, and Iresb levies ot troops, j infonns Congress that the mines of tbeßouth act 11s louDdnes aud workshops can supply with ait the munitions and muttrial needed u v continuing the war. THE SITUATION'. , | l'b? following is the Her&ld’a ariicle on ,! i situation,” As un evidence of the total cassation of el! «. . like operations, it m>.y be autud that for the jo, . three drysilie President b.s not received u , . graphic report front either the ai my of th" P.,;-. nine or the ••riny of the West. ilosby'., ui i White’s guerrillas are very active around L iv elisvitte. luey are watching our transported n trains and lorage wagons closely, and musing a . occasional dash on them. The pursuit of tba Chesapeake continues, hi; , jso fa', wuhout success. A vessel supposed r semble her, is retorted to be at Hi. Mmyh, ui ur lUiiMix, whe;e she did not succeed in Proceedings were about to he prove to be the Chesapeake. The collector ~t Ponlaud received a dispatch yesterday, s i-o • I that she might b« cnplured by gunboats, i ,i i cached the ground tosday. i’ba drect nns lu j moiled by the rebel Captain Parker to a,u ulcus I Uraine lor the tenure of the 'Jhesapeske given in our columns toaday. ills intuition were to bring the pi its to the island of Ora l Meaan—Seal Cove harbor, if accessible—• . j there await tunher orders j The guoboat Auoiin, which went in pursuit ■„ I pruug u.leuk was hauled up un the flam a' ! j land yesterday for repair*. The gunboat A. 1 p i into Knelt land for coal. By the arrival, laid evening, of the clean. trap-* I port Pulton, from Port Royal, we Imve the mi, .. | n s ence of the loss of the mou,tor YVeebuwk ! wbio.i sunk at net' anchor inside of Cinvh n | bar, on me aftornoob oi Sunday lust. K u of I her engineer* aud tweuty«„ix oi her crew w 'r . drowucJ. A lurious gala prevailed at tn ß t „ u I hut no damage was ausu.njd by the rest u, i ’ i miral Dultigren’s fleet. At the time of the disaster the Weehawkeu lm 1 ns tar as we eau lesru, the following list oi oT« cere: O.immsrder J M Duncan, Acting Li, uten nt (1 B iSiepheuson, Assistant Surgron p; \\ y, . Assistant l’avniaster Frederick R stows Ac; r. ■ Master Wlt Lo ug, C C Kingsbury Acting 1 m s'gn T Bulbs, Kagmeers—F.ref Assistant j‘o You r, Second Assistants—T Horiie Jii.p,,,, Jr., U tV Merriain, Tbird Assistau: AMi i tit ; ' Tba transport Fulton, on her way trom Port , Royal tu this purl, on the 9lh instant., captured the British scoo ner from G. O. li,g. iuw «i«- Q days out Irom li-rmnda, w lb u cargo of salt i r Newbrrn, N C. Her papers were informalmt after towing her two hundred miles, tho Fuii , relit qmshed hrr on account ol tne violence , ' j ihc wather and the impossibility o! g j ! ab- ad wua her till the gale subsided. ‘ ‘ * Despatches irom Uumuerlaod confirm the '•phot statement, which we published yesterday that Va»n. Longs l .reel is ut Hast Tcnt cs. pee. to tvntcu point he retreated alter his dt , i' ■V Kiitsvtile, , The rebel guerillas are reported to h 0 v r y J troublesome in Chester, Wayne, and Cumberland J cjiiniKs, Keutucky. The Hist instance in which the declaration of • the President, in his late proclamation iris i riding for the pardon of dehoquenis, has b*en ci rcisad, is in the case of Oen. K. YY. Gann formerly of therebc army, but who, it will i> 8 remembered, rece tly issued an address to the Southern people from Li‘tie Rock, Arkansas, ics canting his treasonable doctrines,.and advucaVog a return to tne Union. The President ha i ex'rnu ed to him a lull pardon, and returned (o h-iu d his rights and property, except in slaves, a u cvptiou which the proclamation veiy rigidly n i» v.ded ior. v Gen. Banks arrived a l . New Orleans, with his stuff, from Brus a, Texas, on the S J iust. There is no further news cunoeumg' th j expedition “ TUK OJBNTBT BAPIOLY BONXXXO IN BARBARISM.” Under the above caption, the Herald has a lengthy article on the war, from which we extract the subjoined: ••The war originated with Abolitionists won he ! d that all slaveholders sheuld be killed'* -nil radicals it- the South retaliated by hanging'sep dry Abolitionists. Small faotions in both tt.-ns illnned ihe Asms of civil diScord until it has reached its present tremendous rro portioaa and ferooions cot comitanta. The svs'em of slavery may cat be the best for the purges intended—the agricultural development of the South—ami some other roight be substituted with advantage in some communities. Rut it is »nu ter ib»(J>e!ongs to those States and corns muuitiej alone. The North baa nothing to do with it, much less to raise a bloody hand either to destroy or p-opsgate it. The radical aboln n prints of the Nor.h aver that tho rebel chief* have determined to murder the officers an d en slave or kill the privates in our colored reel-' merit.*. Our chiefs retort by stopping tha exchange j our poor fellows .anguish and dio of stnrvaiion ! and disease in the loathsome prison houses of the j enemy. Horrors multiply upon horrors, and re taliation so lows retaliation. From one radical correspondent we earn that onr noble dead re*- main unburied on tho Hold of Chickamaiiga; that they lie where they fell, appalling and “ghastly objects; that birds ol prey settle nponethat field, and swine fipten their way through the faden ranks of Jlory Wo repeal, the war is fast assuming the shape of w&is of the dark and sanguinary ages, dur ing the periods of frens ed religious sesl. and that he country us rapidly running into a state 1 of barbarism. , KECRtIITINO. There were last week mustered into thd Unt- \ ted Htates sitvise 6fly»foar recruits, * MESSAGE OF ABRAHAM IINCOLN. TUe uLuaal mrs.'ag* ot Abrv i:a i.-incoin r» -rt io the ‘1 aekee Uongree* ue Wednesdar- We K ve a ayeopgis of the ji cument as far aa it srii! i .ten s’ oa; readers He a ”S that “ABother year of health aad su ncteatij auasd.at harreets baa pasted.” The United States remain in peace and friendship tritb foreign powers. The follow ngish-i t.I uiianto this faol: ir »rt* of disioyar ert-xee-; of the United Statee to involve us ir. t reign wars to a:ci an in* excusable insunection. be6n unavailing, her Butann e Majesty*? Government, as was justly expected, fc&vs exercised their authority to prevent the departure of new hostile expcdi tiODS from Briiiih ports. The Escp-ror r 1 Franco hea. by a like proceed ■ ing, promptly ike neutrality which he proclaimed at the beginning of the contest. Q icsitons of great intricacy and imporianae hav*- uiisen ofit of tue blockade and o;oer belligerent operations between the Government and several ol the mantime powers, out they oa re been dis cussed, and as far aa vraa possible, accomnooda ted in a spirit of frankuufis, justice and goo c Will. TUB FI.VANC&S » F TSJS KATIOX. The opeiuiiODS of the Treasury during tho last year have been success fully conducted. The enactment by Cocgreeß of a National Banking law h *8 proved a vaiunbls support of th-- public ered:t, and iha general legislation m relation to ioans has fully cforhweVed tu« cxpec’utiona of its favorers. Sjwe amcndEHjatß Mi ay b« required to ! pcrlect existing laws; out do change m their principles or geueral. scope is believed to b*e 1 needed. Since these tzieacures havo boen in ope rut oil, ah demands on the Treasury, mcluums tbe pay ot iJie-army and navy, have been prompt ly met and fill y satietied. No considerable bod* of trrops, it is believed, were evermore ampit provided and more iiborally ana punctually paid and it may be added that oy no peop'e were the i burdens laciuenial to a great war more, cheer fully bi/ruer | receipts curing th*» year from all sources, 1 moludtng .oana and the balance Ixl the Treasury j at the «; >moi cnee meat, i ihr- aggregs|B du,bu s*meut sSys,7i»6,fl3** 65 ! a bfcUuce ou ihe lat oi July, 1863,0’ : T 5 82b 044 21. ' O. the receipts there were received from eu§»* l r o:•»-. $69,052,642 40; from iniernal revenues $17,- : 640.787 95; irow direct tux, sl, 465.103 01 ; from 1 4lt'»7 617 17 ; from mtsceiJaupoas sources. $3,046,6*5 85, find f;om Idadp, ’776 862,261 57 ( making ‘he aggrr-gate $J81,125,674 $6. Os the ; there were lor uj e civil service, j £25,2»3,922 08; for pensMrr»s and Indians, $4 216 I s *a 5V ; lor 11 erest oa public <fobt. $24 7*29 848 Jsl; for tho War*Department, $599,293,600 86, f*'»r pavta ml o» funded and temporary ueb*. s’.bl,- j 086 635 07 —making the pggregnta $865,796,68 !. 65. ana leaviog the balance of $5 ; 869,044 21. Bat the pay me at of foe funded aod temporarv »inb». haviag b«ea made from money bonowte during the year, luG.lt be regarded as merdy n< mi •'al payrnenis, and the money !>orowed to mak- uR yearly numinat an d their umoun $181,086,635 07, should there to re t»v deducted bo a itoji it!'.eipts and disburMeateni *. This being d' tie, there rfCuuns &;i hJtual reel pts, $720,039,’i 026 79, and the actual disbursemeal^ f s7i4^7i k 9\ 1 995 58 leaving the balance ** aj-e»dr hiaied. j, i dctuaf receipts aud dibburieuieGts for tbfs ! h ‘ quarter aud the estimated receipt* and dia .jtr.rrnicn » ior the retnaiumg thre^-quarters r.» ; : currual fiicai year, 1844, wi.l be ehowu i . , detail by'the report o* the Br*cre*t;y of the Treas ! it»y, to which 1 invite your sutariupm li ih saSic exit to say here that it is not beiiere i ! r’nut * 0111.1 ?e'-.oitß will exhibit ankle of tl-< j fi:»-.ncts i*.Bs favorable to the enuatry than tre : eutiinutes i>t thai oflicer hereto loro oubnuitted, wii. e ii isco’afidentiy expected ti.iitul theeios* ». • tn? y> r b »tb disburseaaeui» 1 nl dcbm will I j . ioand very considerably les 1 *iaa has been an. | is.pa ed. this wak Rrrorrr. i hi: .'porior theoecrstary of War isa docouient 10' jn«t luieresl. lif insisiai .1— h ,rs*,—’fho Uiiiitery ope*a tu sa of the year, df - tiii ‘i • he report of the Gyi ieral-io-Uri ief. ri chud j OBtaorgaßikUion ot colored persons ! into tne war set vice. ; Tin d —The ticliauge < f prisoners, fttl.y ret lur « lu tus letter of Geu. llitchucck. f ou: th-The operations sc d ther.ct ofe ■trollino iiuu calling out the national forces—deta’lcdiL* , the report ot tne I’rov.m tlarshal Gsoerul.' h AiU i iio orgnnixauou. ol Uie invalid •on'* , » 1 e'MXih-- i ho operation of tue a *Teral depariwentu ; ol ,h ;; General. C* »« iiiAary Gen . i ajunaier u < u iol Engineers, ChieJ I°* Ullt ur 3'-ou Qi tuyrai. h+vu aeo ; »i wi*h ii7« p pn r »-l i.UcHbitt toi-a x-kj; raph line through his I o-:.' T1..1 ..earn o»r, is tone great y •.rei-ci. rile number m -esioen ,n -b navy has I ’ ,ore “*‘“ r ;‘: m »• 84 WJ- The Vest Uffi -e I ptr.ts.i-Dt mcka 150,000 of paying tU .-iwhi 1 ■*’ * tin.** lurj»iicnouo Spain in i. e iVa **: y Wtiich o.r.oaiuiUa itsinuci of i ! coated without leaching , iu 1 j ', n * a »p:m t.. refer it o I l • vt.. unit- a (neuay Power. A oonrn > I i “"** pup P oa4 wIU be Submitted to the j TBS It A BULLION. a |*5 V ' den Oongrr ss aucembiui a y«*»; „go, the war 1 aR 1 ' tfn f ni<-tithe, „nd ti<..re'bi,d I oeci. .Bury c■. i on bo h land U ud sea who I varying rteiilts. 'l be rebellion has been passed ibats into reduced limits; yet the toue of public , ....it at fit mo aud aorcad was not satisfactory, j \..th oilier signs, the popular clectiOßs, then just paooed, i idi.ated unat-inesi .inouc oursalv- 1 wailc. cm id much taut was col Aina menaciru I i: i MivJest warttaworniLg froiru KqX>e were iv f°«J«ty 'Att wuTSaWtoi b! nd to , ’ A 1 ca'rse. CunQPimarce was I uti.r.ug t,ieu a I-w crriisd vessels bt it ; I'i-oa i-.r.i urnisbeU tram f.ueign shores—and wo ; •“« tru‘-t'.'L: d wit A such additions Irom i -,i --c 4 ! si ' us vro aid sweep our trade from fi* ,ce, aud raise tba blockade. YYe had failed ,o eiic t trom Kurupeaa Govtrup eats acj iaiog hoi a* lul upon this sciejiet. -or VHK KMAJVCJPATI' X l*rOCLlllATloa\'. In? prehminary eauw’ocsDUion procianiatjt n, | ivsi.itu iu bcpiomoer, w# ruuning ua *sn g«-i rerin-i to the brginum;, of the new yesr. A tunmb laier ibo hnai v . tianiauoa came, lueia ding the aanonucemenr ihat colored Men of amt ub.e condition »fan!d received iu. ihe war s«r*» vice. The policy of emancipation anti of employ- Mg olack hoidiers t£*re to the future a new - r which hoprt ti nud l ar,and doubt, j a uDcertiun According to our political j o, aui it( . r 0 f civil ad minis' ***no i, ihe i iiovernmeut b.ad no iawfui pc.vrer lo ; cipaiion in *uy Slate, and for a ior.g time it t»d Deeo toped *h&*. the reoeiii >n coo'd be c * without res# rung to it as a military m eaacw. u *7as all tea while deemed potsible that the r.-»- oess.-.y rnr it n igni come, and that, if it shcold, p hoen!*i.* ot the contest would then h* oreae*.; td. It ca tne, and. us was anticipated, iolior/el »y dati* ar.d doubtful days. VOS F.iewon -,oonlbs having now pss.md, vre irt t w pt-rmi Ira to take «r,other rsvtsw. Tae reoel • liar.;, 'Bare pratsed sail timber buck, and bv die co:v.,,i::,r opeaiog of the If ssisbi '. i, til. ccnntrv dcmtaateii by the rehelt.cp is divided into distinct pa;or, mitu no practical communication betwr-.c .horn, Tcunossre and Arkansas have been e-b --st AUtia li cleared o: insurgent control, and inH is j-ntiai citiscns of CN«h, owuars •»( slaves, sad sd vosalcs ol slave y, at ths tegraning of the rehet. * : "0, tow declare openly ior t miißcipatioa in their respective States. Os those St cs not n. 1 red ;» “»« LmanripHtioa Pruclaaiviua, Marriand end mil. or o which, three years ago.wouio' tolerate st v restmiut upon :ho , xioJisou o/slave* ‘T iuto new Temtorics, only now dispute a* to •the best mode ot rsmoving it wubin ibair own bmi'S Ol tco.-a who vr-re sh.yesat the tieg.a aiug oi the rebellion, full one 1 undred thousrud are now la the Uui;edSiare3 military vri v., about one ha ot which manlier actually b *ar arms in the rank.!, tau 3 giy.ng ike double”adwn. uge ot lasing y> much labor from tha insura .at fau-e, boo supplying the pi sc;s which otherwise uius: he ailed wifi so many white men. So -ar j ns tested, it is dilflcuit so they are nn, as yood eold er ias any. No servile in-mrecti u and t, n ueucy to violence or cruedy hie narked ib» mu. sores of eniancipiitton and arming the fc, icks 'buss nicusares have been much discussed in ;or eig! round|9S, and cent-mpo.ary with such dis cussion a a tone of public sentiment there is mi ch ::n ,ruved. alio same me, sure* iifae U ? - U d,.;ca«asupporieti, cr«icised, aud dew, 11 tWkaioir*; (low.eg ( rg bigho to tbOMHftcll.ui dir/it is to bear throueMia great tri.l Thus w; have toe new nmsmdaF * - Tilß C.131J PAST' - "A PBwQIIATION Th? 'crisis which threatened to divide the friends of the Union is past, -looking bow to I the presm: aud future, and with a reference t> a ! resumption of ths national authority in the' States wherein that authority ci.i beau suspends ' •ed. 1 have thought it -.roper to isrue a procfam», to n, a ropy ol which is berev.-tih iraa.-mitt >d, I, On examination ot tips prceistviation. it will .-idTI i p ear (as is believed) that nomiag is attempted j« b eyond what ts amply justified by the Coasttu. < t on. Tru>, form of an oath ia given, but no man ia ecerced lo take it. The man us on «j proe.- iaed a pardon in case he voluntarily take* ihc <*ath. The Constitution author *-*3 the Execn tue t< firant or wiibo' » be para n at h a «>vn ab»-i«.U2 discretion. uci this iccluu-s she p w r to grant on ter mi*, a* ie tally efitabiiahed by judi cial and other anthoiitiea. It is also pr. tiered that it anv of the States na / s-d a g vorn ment shall be recognised and guaranteed by tbe United States, under it ibe Suta sh&l, < n the constitutional conditions, be prutecied against invasion and domestic violence. Tan pa pogr o RECo.NsraccTioir. The dv»*aututiccal ob .3*l: a oi ibe United | { Stars to guarantee to ev*ry S a e in the Union 8 i, republican toraa of goveromeat, aoi to pro.ee* 1 - the State in the case* staged, i* txpiicu aud ,uU ; Bui wbv tendsr the bsu.fl a ol tin provision no- , it to a State i>ovcrnme..t set up to this paruju- I f iar wavf This section el* tbe Constitution con templates a case wherein ti.e element within s ' State favorable to a republican government in tbe Union may be tooferuleforuaopposite a-d hos tile element, external to, cr even within, the 3 state, ana seed ara precisely the cases with whieb we are now dealing. An auecopt ti ; gu rant.a and protsst a revived Slate Govern* aiuut, eocrtrucied m whole or preponderating pdrt from the very element egamst whose bog. nitty and violence it ie to be protected, is aim* piy absurd. There must baa test o> which to . separate the opposing elements so as to build o .iy from the a otnd ; and that ‘eel is a suf3- ciently liberal ou* whieb accepts as round wbo e»er will mute a sworn recantation 1 his farmer movement.- But if it be r.ro.er to requite as a lest of acmisaion to tbe political body an oath ot allegiaacet* the United Slates, and to tbe Union under it, why not also to the laws and prooljniu lions in rega: d to slavery f TBS OATH. * Those laws and proclamations were electee > and put forth for the purpose of aiding iu tie \ suppressi >n of the reoelton. To give them thei, fullest effect there had to be a pledge for their mamienauce. In my judgment they have aided, and will farther aid, the can's for which they w re intended. To n>w abandon them would not only be to relinquish a lev.r of power, fcu [ would also be a cruel and astonishing breach o r i fifih. I may add, at this pv.itit, while 1 remain j in my prebent position I rhall not attempt to re* I tract or mod fy toe emancipation proclamation. j nor shall I return lo slavery any person who ir J iree by tbe terms of that ptoclama.ioa, or by any J of the acts ot Congress, For these aod oil.ei ! reasons, it is thought best that support of >b'se | measures shall be included in me ostb ; ar,d it is j belo-v.d that the Executive may lawfully claim • it iu re'nrn for pardon and restoration of for- | f.ited rigbts, which he his a cl ar conit'tutionsl power to witholii altogether or grant npon tit, 1 tsrm3 he shall do in wisest for the mi blits in { } terest. It should be obe-rved also that this port o. , I he oath is tuojeot io the modifying and thro. j ! raiiug power ot legia’ation and supreme jodicia , i decision. . | TBS BEVOLCTinX IN TNS LAU IR AJiTZH. The proposed acquiescence of tbs national lit. ' I ecaiive in any reasontblo temporary State ar* I ! r.ligament for ibe freed people is n.ade'wuh the ; ! now ot possioiy motnfyiDg tile confusion and des. j inutioa waich ainbt at One' atrenrt all classes by i,v toi»l revolution of labor ibroogbnut whoi„ 'Slates. It is hoped that the air.ady dfesply as I J tl tied people in llio*e S ates it ay be somewhat j ! m re ready to give up the cause of their tiff c• | imp, il to this extent ihis vital matter be left to j ! ib mselves, whi.e no power of the national Ex ■ cl ’ll ive to prevent an abuse is abridged by the j 1 pi oposmon. ! The suggestion in toe proclamation as to main- . I laming toe public framework of the Swtis, on ! j what is called re •.onstruciion, is nude in the hope ' J ioat it out dc» good with ut danger of harm. It i j will save labor and avoid great contusion. Bn I i why any proclamation now upon th'-s suLj>ct f— 1 I The subject is o-s i wi a i+.e cjcfl.ctiug view;; I ‘.hat the biep aught be delayed too long, or be , ! taken too soon. In some States the elements for resumption stem ready lor actios, but remain inactive, appe ,ientiy lor want ot a rallying p out—a plan ol action. Wbv should A a opt iho pas of H ralh.r lhan B that of A f And if A ami B should agree, how can they know on dial the Ge err' Government hero will r*jitt their plan? By th prociamatiou a plan is (.resented wh en mav b aecepted b* hem as a iallying poioi, and nbion tn.y are assured in adv.nce will not be regretted here. Tais may oriug them to act sooner lh>r they otherwise would. Tr.e objection to a premature preseuha’lrn O’ a plan by the National Ex.cntive o- niisie in tb danger of cot nut al »n pom's rh’ch eould no j vre safely left to further developments. I’sr has b«eu takes lo snaps the m Ti aient c» i< embarrassment Irom tins source, sayirg „,u'n ici*ns cet tmn classes will be uai . dosed. wiW rights restore,,. * -.a * otlirr old wt» or oiher terms will u-yrr he inclsd* ed saving lhat reconstreotiou will be aeseptsd it p esented ,*u a specific way. it is cot s'id.» will n iver bs acceetsd is any ot irwav, TL. ■isventeutit by fc I '*’* «•“«•> for tmancipaiiou iu Krv.vai of tbe S u>'t included in the smon. . potion proclamation are mat:*.* of profound gratuutlitn. »rr«iLT» •oxnsnsc— thakw to tos arkt axo kavt. And, wh'le I do not repost in deati what f have heretofore no earnestly urged upon thise-h - g'jncril v tTB an-.l ieeun;ts rtuuin un change'.!; and I ’rnst font Uoagro■« will onii no fair of pnrtuury of aiding these important s: .pn to ttit- great consummation. It lue midst of other i wee, however important, we most not l,'s - atgiit oi the iact that toe war power u ami «. ;• main r elutnce. To that power a one cm we 10.. S (or a tune to give confidence to too ;>opie tu tne contested regions tbiy .nr insurgent power nil! not again overrun mem, Until that confidence shall be < Rtabiished frtiiti e*u b* done anyt»litre !*r .what is nail-id recoofcVufttion. Ur nee .-r cbie’eet .c are mutt still he a rrc e ; to the f ri.tr »nd n»w. *bich hav,- tuns tir liuir tinder out so nobly anti well; n:d it may be ealestrrd fortunate that in giving ta* greves’t etaeu- icr to ■hear tndi.-eengeoie arms, wo do honoraoy re. nits the g-dlant men, trout commander to reu ttuel who Con pcose them, and to whom titore than ettaN ’be w .rid matt elan i t idt * ..■< r, the home of freedom disenthralled, reg.-netd* 1, enlarged ami perpetuated. Abkahau 1-rseoi v. ' December !, ISBS. * The ioUowlug Proslawa'ion is appended to tbe Message: A PROCLAMATION. Whereas, In and b • the Constitution tho j United States, it is provided that the rresidvut ! shall r.sro power to g ee reprieve* and bard.ns ! tor effetrces sgft'tist the Dotted States, except tn . | cares of imp. achraent, and Whereas, A reorliion now exists whereby lb# j 'loyal 8:a:e Governments o' several Bta4e have j | for a iutrg time been subverted, and many persons j here committed acti are novr guilty of treason | agf.raat the United States, and j Whereas, with rsterenee io said rebellion and j treason, laws baTe been enacted by Congress de ic Isn tig forieitnrul and confiscation of propeity i end liberation of eiares, all a poll terms ana e-s« | ditions tnereic stated; andal.o that the 1 President sms thereby aatfioriseJ at «ov li re thereafter, by proclamation, to extend to persons wtu* may bare participated in ihs existing rsbei ttutl !c sn* H'-tr, w i.a,t thereof, pardon and ant atsty, with such exe p ions, and at such times and on sacti road iiont as he may deem expedient lor the public welfare, ami W htress, Tbs declaration for limited and cuadttior.al pardon aeih.rda wnh ihe well established jud eta! expos lion of she pr.-« donmg powsr, and Whersaa. With ref-renea to tbe send. rebellion the President of the United Slate* has issuod a, »- eral proclamations acd ; rovisione in regard to the liberation at slaves, and Whereas, It is now desired by some persons nsrcta.'ort engaged in said rebuilt a to aasuott their allegiance to the United States, and to re it, nugurate loyal State Governments within and for their respective Mates; Therefore, I, Abranu i L neolu, President of the United States, do proclaim, ueciare and m ke known to all persons who ha7* directly or by im plication participated in the existing rebellion, except as here.oalier excepted, that a 101 l pardon is hereby granted T> ifcsut and each of iheui, wuh resioration of aii ng its i f property, exce .t as to slaves, and in properly cases where the r ghts-of third parties shall have intervened, and upon Ihe conGition that every each person shall take cud subscribe an ontb. aad thenceforward keep and maintain said oam inviolate, and wtusa oath shall be registered for permanent preservation, end shall be of the tenor and effect foil wing, to j * it: . ! ‘•1, do solemnly swear so the presn.ee of Ami'ghiy God, Insi I will henceforth taitl.fu ly support, protect and ueiend the Constitution (it the United States and the Union of the Suva thereunder and thatlw.lt, in .ike manner, so de by and faithfully support all asrs of Coagr*ss passed during toe exuding rebellion with re »r. •ncs to eiarsi, an long a o so tar as not tepeaisd,' tnodtaed, or held void by Congress or hr dtcie on of the Supreme Ccurt, and that 1 vrjlt, in like manner, sb de and fgithiulij support id! proc.a* I atationa of the President made during the exist* lag rebellion iisving retersnce to slaves, -o U ng and eo far as aot ’uodtSsd or declared vo.d by decision of the Supreme Court. So help ir.e God.” 1 The persons exempted oregoiug }“*oviaicua are ,1! who re b u ieen civil r. r u c officer? or **-» >?*?* -loeali-d Corffed-ra*e G ve-a ap-ti ,h *'t left j dxial stations nn«.-r tbe nj J- • "“ Te aid the rebellion; ai who are r. r t 0 miluarv or naval Olheers of said *o e %d r‘** federate Government aoovc the rank of Co L I : ne ai mv, o< Lieutenant in the navy; »i; w ° no e !‘“ betaan.' UD “ ed 6iate “ Coc ß re ' : “> *id •An wbo resigned comm:?sion3 in t. - navyof tbe Uni edSiu.ee, end nMerwud the rebellion, end a:! who br.v* n»ac-d l6 ‘l n 'i Wvat-Bg-cokr.a perao.,.- r r .'I tj oi such, otherwise q ao priaoaeri* war, whi bare been fouod .J 4 United Btaiesbe.viceas so.diers, scamlnor m anv o.ber eapacitv. ™ or 111 And I da .-urilir-r proelain', c.c are ar d rs.t. knows, that whenever, in In. ut At**nßiM. Texas, Liuisiana, Miasissippi Tsnnesi see. Alabama Georgia, Florida, South Osruhna and North Carolina, auudwcl peisona 2! leas tea i" oueatenih u number of m r9 “’ iu each States, at tbe Freetdentiai ei.ouon ot year of onr Lord, mi, each havirg tUen 'h. oath aforesaid, and not hav.ng a nee v.oived u and bemgaquslified vo.sr bv the ei.ot.on !„ i tbs State axtsuag t ameaiat-uy befoie he so called .ct o. stetssion, end excindie; alFab-.fcfrs, shall re-establish a State Sevetntneat, wr ;n shall ba rep«olic«», and ib- b ; wt.«e contravening said oalh, sbcu shall be rec gnu-sd -3 the true Gov. eminent of ..he ■taie. and tbe State shnii lec.iv. .heroßad.r tbe ben.li of me c nstitattonal d-s. vision wuieh declares tbit F “The Cnnsd Blstes snell gnardatee to evary State in ihis Union a repubiioas fora of Govern, merit, and shall protect each of ib-m a.atnst I*. vaa.OQ, on application of the Legislature or of . ibe Executive, wnen the Legie.stu'a esneot be ! convened, agaiast domestic violence ” j And Ido further proeUim, dechrs, sad make known, that any provision which any be adopted oy mca S ate Ooversn sn'. in rel.tioa-to ihe freed people of such State whieh bal. resign e > and declare th“ir permanent f. eedom, prov.de for their ediisattoD, und which may yet be consistent an a temporary arrangement, a.ill tneir preeent eond'.iloa as a labor mg, landless and houseless class, will rot oe objected to bv the National 7 Executive. Ana it is suggested as not improper that, is cinstructing a loyal Bate Government many State, the name ot the Stats, ibe boundary, tbo 1 aub divisions, tue Ci-nsutuiibn end the general code ot laws as before . he reaellios. be inaintsiat ed sabjTCt only to ihe Modiaeatioss made aecet aary by tbe condition he.eiabefoie siated, and ; eucu others, if any, no. contravening said c’ondi. ! t’li-s. and wh.ch may be deemed expedient by thoee framing the new State Goverameut. To avoid miaanderstaau.ug, it may be proper I *« aay, that ibis proclamation, so far as 11 relates 1 .0 Siate Governments, has no reference to S'.stes [ whereia loyal Stale Govsrnmenta have ail the while be n m.iu ained. And for the same rea.ea litmay bqjiroper to farther say, that whether , members sent'o Congress from any Slate shall [lie admitted ie seats conditionally, reels eicie. ; aiveiy with the respective Bosses, and not to any , ;x eut with the Executive. Auci still further, lhat his proelsie avion is ia* .ended to present the people of the States wherein , tbe caWonai authority has been suspi-nced, ard loyal U>ate Gi.vernmsn b are beia suarerisd, a • tnude in aad by which tu* national authority and 1 •<»>„> Stale Goveinu i.nts tr-y bn r-tstobi shvd wuhin said states, or in any -1 th.-is. ! Aad, while the mi de prcscnlnd is Ihe best ihe Sxecutivs can suggest aitb hur ris m ,n>pres i mods, it must aot re uadarsfeed .tut te 0 her eossmle mode would be seceptaoir. 1 Givoa under sai hacd.ai tue Ci yoi Washing, j ion, the 81h Ur Os Desember, A. li. IJ.-ii, and e( tiis ludepeudeace ot tan Uoucu s alee ~! Amsria • ea tbe ha b. Assahab Lixoi.u. By the President; ! Wr. ft.Sswaßß, See’v of State. fL. S.J PHOUL BCUt SI CHATTANOOGA. AC. •satßtpexsuca or tee (..iNSTiTVTtoXALdr. Oaltox,U.., It*.. IT, lass. Idiitr OttuM*i—-talks Maav inter v.isg 1 lasts stay low he p,atiiered iroai parties who bare recently arrived from Chattaucog;., sad theta | details bat fsreshadow the fate iu rs.civs forth I boauuful cities asd wuUgcs of G»o ■,* should 1 the beel of the despot reach them. The ill-fated ‘city of Chattanooga Is son but a wreak of its 1 farmer self. Ct tineas c.n scarcely reeo o ait? Ihe I aadmarxs that have Beraioiore css-. ». *»u.il.sr 1 »„d cherished from long .esocistion. Tbs ncblt foreat trees thJt crowned her cite; LLI# i.re all srep sway. Shade trees coi ornstrsniJ inruiu | isory have disappeared. Orcharus have bees cat 1 aowu. ife joee *v» dr stroyod, and hot ndar s as ! private property oos plaielv obliterated. Maty jof the taest residences hare been van oaly uarned or tora 4. ta for fuel orfsr uatetitl lor 1 their forliScatv bs. which exttau la all directions : srouad and across tbe 1 twa. Wdiiu, as s cLaiu ! to the indignities sanght te be itet-fM uj.cn ike ! people sad tk*i r homes, t icy have .asde thep -u j a literal Uolgetba—*trewn with t < pabirjing 1 arcassa of duties, mules, and the 1 bellow pram lof their own dead. Multitudes ,f dead Tanseci I .re harisd sronnd the Epineupal Churcx, thcEut Tennessee Depot, unit near private ..-t >a», just • where they itspp«n«£ to die. this catugeoutiy | indec«Bt pradiics scema to have b«en oiciaiadas ala lubuit to our people, ,*;.d a pt pe'.Bai rent jihcr ! ot the.r humitiaiion. Let os view the ocmeisiy—that hauls cf tee dead, wh.ch evsa eswgas imipeci. Harews did j every ta Bg otvept away us..< ns aosoai 0/ de. 1 Siracusa. Here many 0! us fciva ce; oaued ear | dearest earthly treasures asd sirevn the billowy 1 ineun'i.* wita Io tyre, asa oiber eba i. hrciCHHa j nais ol uuay mg efTectioa. Theviuaaiki ihxfi ! have plica, i their tea's atnosg tha grtve?, bora* i tog toe paliogs enelcs.ag pnva a lets, and imeg | the icaib .mats 10 tbe escsirti-- .an n tr -i.-hf places, la cie co*r, toey etcß t .ie dowa a pri j vsto vault, leaving the cjoint 1 toitouis cucoviirs ! sc, Gie.-.t God 1 sbaii sues unh .Is detec.aJia : gc. unpouithca f • fuc ireaimsnt of civztns has gtss'ai.y l-.er cre el and oppressive, i aby am aiinw ‘-a to p.. roe no lucrative .-.vocatioa, v. lib tbe tx:*p‘ na of A very few, woo veiuatar.iy took tee os.h wh.ch they bad oeea impatient v aws.iic; m r*Coive. •‘Uaionisae,” vw-caiied, i* a: a d “C. net, aid has aeldmn evaiicd tupietccl pviw.e or prof* arty. Supplies a.a f«ty iCav;, still lociusea and kCld'Ci'. Sot a cvw, or or cbicaen, is to be it-uuu ib the city or suaurbe. .-a view o< tan I acatcitv, Grant has bt en iorcbii io ai.ot* ail cm sens tu’leave who weald not tike the oath. All ‘ wuh whom uo nave cjnvrracii reprtr tit uis I privations of iha aukee a;my to in- bee-«' j iresse ever stßce tbeir oceapaat.y ot i.’.c town, j Scores ol horses and mules died irate slarv.-., oj, wiiile the nolditrs seldom had more lu-a qsa.*r rations. It waa the oit repaated BdmiSAioQ of olhsera that Aey would hive beta c-iaip.-ud to evacuate tbe piaeo if Brifg bad ne.a t t.cr liio. eooa or Lookoßt meuniairi. Also that ifcej wt«.d have —'ULLl'ca ob to.: -IS- t*-ht. i* a ..V— --lien Lad Deen made agauet Uieui. la writing epoa this suejsciwe csrnot forget the several errors, wbieh to our namiiitary amid, seem to bare been eomrawied duneg t»e »h campaign of Uen. Br.igg. 1-t. VPe Have never beru able to satisfy Aars .rH that the evacual.cn oi Unaifatooga wa* a neces sity, or tnat it was g coo policy. 2d. Thu faifbre to repojessa it on tbe SUiSepf was a cardinal error. *d. the failure to hold iliacctn Mcuttaii, which tffec.’ualiy oat off ice enemy's suppiten, was a serious error. 4th. The failure te hold Liaieat Print ws* error that deprived us of a.l direst conirji over tha enemy's oparattons at i. h’-Hiaooogs. The sad, ead reverse of Ai.Eßi-asry R.cgvV** nn: the inevitable seqneuee of lU*> auore. A Csarfesoi etir. I>e *sg!e Manufacturing Company of Colon* bus, Gaorg a, Bare given SIO,OOO toysrdi tot fund lor the enlargement and con iausr.oe of t 9 Southern Christian Advocate, now publish*'l lo Augusta, Ga., as the organ of 'the 1,1 Episcopal Con erence o* Georg'S, South Csro and Florida. The A’Unta Appeal lea.ns .h.t sens iitf* s 01 four hundred refugees from kfe vpnis bsve K ‘ rived tu Grenada, fleeing from the ’ate or^tr General Hurlbut, pressing into tee Fedara. "•* vise all able bodied r-Au :e tuat city inere-t fine opsniitg for them in our own rank*. Svsaaise sr Ssmwo i'be UsmCiTAi so> " ll ' 4 * all negroes Lstti is the street; cf without passvs, are io be impresses by it e j®** ttry aaihorilies, sad Een'dJ work 0 a ihn - 5 * aea Branch rsiiread. The Paris Cn:*?; ?*’“ the tree uegro msa in Monroes so— sixteen and fifty years of ege, were report theieseivra fer teaJte’ers at ' en the I4tti alt. Those felling to cotri-5 ' the order would Le impressed on the It* ‘ tiona ami ratlruAfls.