mm
fa vkttevillk.
a».(UT, NOTEHBKB H, 1M(.
Tb* PRniDiMT’i Mcssaob.—^he docamsnt which
w« pnblijh to-da; is cn« of thoso Btn'kiog St*te
papers of which so m»Dy hare emanated fr»m the
PresidcDt of the Confederacy—elegant ixi*ttjl6,
powarfal in its presentation of the position of the
0#nfederacT and its reiatioa to the United 8tat**
»d other foreign but so^^allQd neutral nations.
Upon som* oher point« it makes recommendations
fro* which w*' utterly dissect; bnt in relation to
everything that a mas true to his coun
try and its causa could wi^jh, and cannot fail to elicit
tha aduiiration of Europe, which has so tften been
•xpreds^d in regard to hie previoas Mfssages.
Its view of “the Bitoation,” and of the results of
thil gigantic campaigo. now near its close, showing
an everywhere buBled enemy, and the recovery bj
us of 80 mucn of the territory formerly lost, is in the
highest degree eucoaratjing, since no one can doubt
or deny the faithfulaesa of tne picture. Well doeii
Pffsidtnc inok thruui:h thrt army up to the
arroj ^ (Jod for ibe PuWcr that hog willed our de-
livprar.cc tro»« tfio \ "^ultUudis tha^nave beer
broujjiiL agdiusi/ u-", «oi wtios*' iubuuianity has doubt-
IdSe i.'riii tLf D.vioc vetigcHDCo. ' la no in-
Btauc; ti'iVv'.rce p.ounsc’d iri;its bef=a reached,” th»-.
Confttieracy rejQaia^i "as vT^ct and defiant at) ever.”
Oar loreigB •ei«tiuurf ure eketciit^d with equal pow-
er, reMj>ndiug ua, m a fe>*r brief paragraphs, of the
OTerwueitftitg txpvsition of the wrong.* iufilcted up
on us, by £^rop^an po*;re, aod tb*ir fKilae* .tx*.
award oui j%st rigcis, Hhioli tae Presideui made in
bis celtorateu iltb^age rf Dectmoer 1863. To tl eir
r«fjsal lo lecOgu our ir.dependence, after admit
ting tnat it was net in ihe power of the United States
to prevent iis aii*'ument, is a-crioed the contiouar.ce
of the war, and tae cuugeqaeui cartage «nd devasta
tion. The L'0£.t'ederacy baa be*n made an exception
to the common principle heretofere governinf the
enlightened u&tions cf Earope, whether from fear of
the Uuited Scatea or otner r asons they only know,
bnt the r^suha h^ye bpen tei^ible, actd upon then
the mof' 1 rebponai&iiuy is justly laid.
Tie finaiicial expose is highly sat;sfaetory. While
we se« th'^t vbe yaukee debt is apwards of two tiiou-
eand malions, oars la oaly a little more tham half thai
amcuat; auu »»hi]8i ikeirs is iucreasing at ice rate mf
from entjf to seventy uklious of -dollars per K'.onth,
cars IS only eiXKen rciiiions per montu.
Tq« diC-.reiice is, we suppwes, that the people of ;he
Confederacy n iiingiy suoaiit to taxation lo pay pan
•f the expenses oi ih-» war, wiiilst the yanke* Con-
grsBd ana Admiridirai.ea dares nut to levy such au
amount oi xaxe# as wouiil Dear aay eonsidcrable
proportiuu fu ihcir expent^es.
W* come nww to poiuts of the Message te which
we oacnot assent. J? irsr, that powor shall be lodged
Bi'^he miiittiry auttxoriiiies to detail from conscrip-
liom, itelcad of haviug exeuiptions, as now, fixu by
law. Tae prcswut eybtem i« tlounile^s liable to od-
jeetlons; oat ttu* would opca the daor to ionuaiera-
bie and unbearable evils—would lead to tyrannous
aete of tb« authorities, aad to farorititra, er sap-
posed favoritism, producing lar more eompUiut aad
disaffection ibau have ariten or can arise frcm any
elasi legislaiios- The newspiipers generally treat
the recwmmended thauge iu their cate as leveled
agaiaat the Press, and deuounce it as an infridge-
meni on tue liberty ot the Press. This is a view
which we care noi to discuss, except simply V) re
mark, that we think there are but few papers which
w«rald coudeauend to apply for or ac«ept a d«tail
txem any military aaihorify. Th« resnlt wonld. cvu
lequently be, tbat nearly every newspaper, aud cer
tainly all wiu. h are animated by a proper self-respect,
would be at oace discontinued. Tui.5 might or might
cot t>e ao evii, under present circumstances. Of that
it is not foi^us to joige. It is tor 0 ogress to decide
wlietner tUe newapapers are of mr>re importance to
the public tnua woaid be tne servicca of newspaper
men in the field. It bo, exempt them &3 now. It nut,
cons’rioe xham. >io -liberty of tne Press” would
be invaded by t‘ e couscriptioa of editors aud print
ers liKd other peop.e. Bac, however free the presB
might 6e under the prop-js d system of details, i:o-
budy woatd believe it free, and all its power ior good
would £>e gone.
We are gl*d to see the recommeniation dis
pense With the requireuient that cavalrymen s^all
farmsh their own horses. This has -been a great
hardship to them.
Tne second pjint upon which we dissent from tne
President is oae whicn has alre ady caneed far more
discussion ihdia nas b ;en eiiuer politic or useful, and
upon which ‘^eb.tie nas already began in Congress
We mean tne emp’oyment of slaves as armed sol
diers. Tne PriiSideat is opposed to this, it is true,
at pre’ent; and so idr, well. Bat he favors the par-
chaoe of a iar^e natn^ei of them by tne govercirasnt,
thfir empit-yineiil aa ccj:»s, Sic. &j., with a provision
for thfir tsvofiiUal e.jiauci. j.1 on a3 a re^var" ii>r i»ah-
ul serv.ce. Ta'.de j^roposiiioas seem to us fraught
w ih St-i .0.1 - ev-iis. L'> ta'^ fcidvcs 'h.-mselyes, n Jtniag
CO -id Oj m >re Uufavofijli ihun taeir being mHde
publi i prop:riy, w:iorcbj uu the lies of individual
as|>ociaiion and ad'jutiou whxa eo ^o:serally exi.i
beiw;*(a uias'^cf aad serva-.;t would be r-roken. Th-,^
oegro would belouj? to nobody, and would have no
body to .ook to lor toe Lu nb^ rksj acts of kinJness
which he has been a'.;cu*tum2d to receive at the
bands c f mast/fr and mis'rees. lie would sicken and
die, or (fesert under a titae of the discipline to which
would cheeriaily submit ti'om “the old folKs at
bome." Aud tlie consequence would be, that th^r^i
would ce bat few Of tneni l^ft to receive the proposed
r»u>ard for fidelity. But how can douthern men
and filavehalders, consiBteiitly with their ott expressed
opinion?, regard maoumi&sion as a reioarti'? We tell
the world, what all experience justifies us in teliin^r
it, that the sUve is far nappier and better cared for,
of bitter health and longer life, as a slave than as a
freedman. This is our own experieuce, and it is that
of the yankees, as the squalid poverty and early de
cay of the negroes at ♦he North, aad the terrible
mortality among those w^hf> have been enticed or
forced into freedom by the yackees during the present
war, ab ’.ndaOtly tp-iufy' iTet. tho Prssidei:t propo-
«es to offir tb^m this fif't^d 'm us a reward! freedom
Tn Nbwi.—Llneoln appMre to kave been re*
elected. b«it tke prehibition te traBsmit mwb in re*
fard to the election is a luspicious circunstacce, im
plying a deubt at Washington, and a determination
to have his elected, by fair means or foul. The
elo8e»e88 of the vote in New YorTi, where Lincoln’s
organ claisss a majonty of only 3000 in a vote of
probably aiore than half a million, is a good sign.
A itrong anti-LiaceJn party out of power will be bet
ter for us th%n the-election of McCiellan. The Con
gressional election in New York seems to have re;
suited strangely, censidering the closeness of tie
Presidential vote.
Tke capture of the Confederate ship Florida in a
neetral port is a great outrage, perpetrated, evident
ly, becaase Brazil is supposed to bo incapable of ef
fectually reseating it Pity that the yaok»es have not
ventured a like act in French or English port. But
they know whom to insult—the feeble, not tke strong.
Gold has jamped up largely in New York.
Co»aK*s9.—On the first day’s session, of the N.
C. merabers Messrs. tiraham and Dortch were pres-
?nt in the Senat«, and Messrs. J. 'J'. Le^ch, Turner,
oJilmer, Rampey and Gaither in the H'^us?. Nothing
f in erest occurred in the Senate. Iq the House,
-Vlr. Miles, of S. 0., introduced'a biil to i bolish pro-
!Tintions in the »*rray aci-erding to seniori'y, ana here-
ifier to m«ke them depfiident alone upon ment; and
» rf^olntion of ioquit'y.as to the pohcy of supplying
civft rfiuen with horses. Mr. B aeford, of Ga., in-
irodnced m. bill repealing all exeoipuoup and dntailt>,
*nd putting every white male between the ages uf 18
and 45 in Jie army of the Confederate otaus.
On Tuesday, in the sJenate, Mr. Gra’ am introduc
ed a t>iii to make the 4 per cent certifioaies “receiv-
ible >n payment of ail t«*e»> or Gov’t dues «ccrain>;
v>eftir*tirr du»* for 1S64, iaiporr a*
tlfs”; lh*TLe Housf, Mr. J. T. Letch introdu. ed a
bill supprcas “iuteinperauce and its c*ncoiniiaat
-■Tileamong thscitii «nci military ofticei-s of the C. S."
^(r. MiUk, a bill authoiisiag cousolidat.oa ot depie.eo
rcgimeuts, comfauies, kz ; and a resolution of in-
qniry as to the expediency of requiring absent men
of roiUt»ry age t'* return and serte or hare their es-
tatti corflscated. Mr. Foote offered a series of
resolutions in relation to the slavery feature of tiie
President’s Messsgo, and spcke ai length ea the
resolutiouK, and miiuy othpr things.
Oa Wednesday, in the Senate, many resolutions
uf incjuiry were adopted, as was a resolution declar
ing it soufld policy to impress or bire, for jngt com-
1‘eusation, as m»uy siav*s as could be employed in
tne army in all pueiiionfl frc*pt soldiers. In the
Bonse, Mr.Foota oflered a rest-intion uifapproVing
the Pfesidtui’s recompjendalion of a system of de
tails. so far as the press js concerned.
On Thursday, in the sfenate. Mr. Sparrow intro
duced a bill to mat? th* pnc fl of nf*ccs.,arie8 of iife
fixed by ttie CoreTr.i.afiocers as Gov’c prices ai.-’o ttie
prices for all citizens; tny i-n* gniltv cf charging
.ireater prices to b? sal jfct to fiae rf ‘J.'iOt'U and ouc
y- r’fi iipprwonment. In tbe House, Alt- Chambers
of Miiu. spoke at leagta agaicat placing negr jf s iu
tiie armr.
Ti?e Senate did n^t «t on Fridaj or Saturday.
The was in s«cret s.ssiou oa Friday, and ad
journed to Monday.
roK TBX OMxar^a.
M«n'a R. J Hale i ."uii?: Tbe splendid luoc^Si of a
cam;>biga. or the foi of a battle, ra&kn tbe fam? of a
tieneral, and a page for hiefcry, but tQt iLdi» ;daal aou
of b«roi(»ia, of courage and fidi.iitT, wbicn ot.'u inak' ibe
graad reeu t, is a lUry told in tj-listcf dra J ar,d Kouud-
•d cniy. It iE Lot geaeraily kao.va that the Unlia ;t af-
‘alr of Gen. Usinpuia recently u**ar Feteriburg, ia woiali
!»• took from the fiiemy tweotv-ir? ••uiiortd b;ef cattle,
and made aconplet* rsc«nuois*»uc9 of hii p08u:oa. w«s
inaialy due to i'u« eat^rpr.M and to da"!!* oi a youag sol
dier from our town. We tUivk th* adTPatniffl of lur
/ouag Iriend ^ufflai«*utlj itit*Te8ting f.'r pub'icatioa, • i.h-
out cointalfini any cffenos ajaiust bi; aied-.-Jtr. la a
«tv*rf skinnish wiio tae sntaiy, he was t*k*a prit.)aer,
acd after btiag sharply iutrrrog.*\ied by th^ y«.ak>e (.-oa-
maudfr, w>s carried to City i’oiat. Aft^r six days con-
fijiemeht Le ma aged to pflfrot hii tucape, aud p.;s« tnrsagh
the C4m* of the enemy withoat detection, briuRing otf
wita bin a yaukee soldier. Ot>serving wituiii the liue»
of tbe ensmv a lar^e herd of oatile, his appetite, uud re-
collectioDs of abori rations, suggested a survey of the
place, the Btreusfu of th‘j g‘>ard &j.; an-t recouaoiteriag
iMB w uMik« «n ea«iuln».iar: of liie au'rouad n J3
he made his way into th* Cooicderale camp, and off red
hi« report to G?a. Itnring r, cominivudinjj cav Mry. Pni:'
eiQc'r araiied himseif of tfe inf«» niaiiya, wjica icsuitcd
in the capf ere ef the catile, tOijctaer wita a hirge a.iinoer
(■{ mules, wagons, Ac , of which y;ur readers aro a;r.t^y
familiar. A high position ia the co't5d’nce of hi.^coai-
maading ofScer rewarded the Ifcithfol .»c6ut; but we taiak
be is entitled to liWe praise end tCat^ks at house for tae
8ame ssrvice, to siy uotniag of the una traii ioticia
N'hicb iuluced h.m to rtlm^ulsb a safe aad lucr tive
office i.o ‘’ayctteviik^, to enter tiie iiraiy «s a p.iyate r= .l-
dier. Tae friende of t‘ is sacc’!^8fiil fwaui uad c.ever f; i-
•ow, esptci illjf tho^e who u:id busiuei*! wirh hioi in tae
Teie?r4ph oili.-.i, wiil aiways retnemoer th" uccoinm-dii-
ing dis-csitioa and theerfal fac-.' of Ar6Ri:cuv; a>;d b.;
ulad to W'.lcjrae him b^k, a id giro h m a watm nfcop-
ticn, oa ti:e retaru t f A Cucm
KOK rns oBsaa-'F-a
Camp McRae s BiUOADij, A. N. V., Nov. 7.
Me:srs. E. J. fcl t.lc i* S ju?: As the liichmoa' pa
pers iu their accounts of the fight of tae 27th ult.
(nly make mention of Mahone’s division or command,
leaving the inapressian f'at his di'fi ion only partici
pated in the fignt, I enclose an order4fom Maj, Gfcu.
ileth, which tells who did the woik:—
-.RTEad ITktu's Divisio.n-, Nov. 2, 1864.
General t>rder, 13.
The iVitij. Gen coaimanJiii» t ikes the occasion to con
gratulate lii9 Division and tao qciier troops uaddr bis
com auod at t-ieir eu -cejs on the i7th uit.
Your gal a-it bearinj' and prompt c3’npliatce with or
ders p'-evjut‘*d the eaemy fruiu gjtting po^ses-iion of tlio
SoutQ-iJ-) Railroad. MoHae’s brigade;, la tlu aiticK
.nade under tne imoie^liaid cuaitna'd of Maj Gj'ueial ,Ma
none, added frtsa l.imel^ cj tli se it nas ao aot;iy w.ja on
f.raie'" ti-'id-i Davia’i, Co.>i;e’3, Arch *r’s and A aiker’tj
■jri^a ii'B Wire no l -ss true l.) 'ht* euv'raaie rv.'puvati.u li’ey
tow erj y among the fuajy gail.»at bri^alts wnich now
oompo-e the Aral/ of N »rL!iHi-u V’i=";uu i.
By coainiand of Maj. (ieii. H. ^f-th,
11. hi. b.lNWy, A. A. G.
Oibcial; F. Xasu, A. I. (}.
MY OC JBJUJP
uiroETS 0? m rsass ASseoiATioB.
Frem th* United Stat*s.—RrcHKOitD, Not. 13.—
The New York Herald of th# 9th (day after the •lec
tion) editorially announces the re-election of Liacoln.
The Baltimore American of tbe evening of the fth
has a telegram from New York that the Tribune
clairas that all the New BngJand Stales, Pennsjl-
van’i. Delaware, New Tors, Maryland, Ohio, Indi
ans. Michigan, Illinois, Wisconsin, Minnesola, Iowa,
and Kansas have vot^ for Lincoln, giving him a
mojority of 190 electoral votes. The World concedes
ijiucoln’a election, b^t claiaa New York, teitucky,
Npt. Jersey and Missouri for McCleUan. The
Tribane ciphers outLiocoln’e majority in Now York
as on'y 3,000. New York electa to Congress 22
Lincolnites and 9 Democrats. The Herald saya Fer
nando Wood is beaten and James Brooks has but
125 majority.
Tne Florida was captured in .the harbor of Bahia
by surprise esrly in the moraing when a namber of
her oflii’ers and crew wer^ashore. Tke demand for
snrn nder immediafely was acreded to, when a haw
ser was made fast to her and she was towed out to
sea. The Herald says that the capture will doubt
less oa denounced as a violation of tha right of My-
Inm in a neutral port, and may become the subject
of international discni^sion; but justifies it
h VTER.—Bicbmond, Nov. 13—The Herald o-
tbe lOih has been received; and Liucoln is certainly
(•c-elected. The viite is close in New Xork and
Penrsylvania. New Jersey. Delaware and Keu-
uckv have vot^ed for McClellan.
Tbe ciptaiu of the Argo, fron- New Orleans, re-
por.'s a na-^ul engagement off the North Carolina
coa»t ou kst I'uesday between three federal war
> tt amers aad a rebel s'earner, scpp''sed to have been
the Talii hapsee The n>ael had long range guns, an ’
waa apparently cripp'ed wuen Le left.
The report* from Sheridau’s army are thai
is endenily preparing for another offeneii^
pi MATttftt... -Atoal»y
“ieaerajB at V>’incEester and Martinsburg,
nangod 7 foderais is retaliation for execuiion oi
like numuer of Confederates.
Tt vas reported, but not believed in military cir
cles in Washingtou, that Shermau b«d dectroyed
tiie railroad betweon Chattanooga and Atlanta,
burned Atlanta, and at the head of four corps was
marching on Uha'lestoa.
'l'h‘3 Wathuseit [which captured the Florida] was
chased from Bahia by two Braailian steamers, which
1‘ould net overiAke her.
Gold OB the 9th opened a-*^ 260, and closed at 257^
Reports about the Yankee jE7ert?’on. —Richmond,
Nov 12.— It was reported this mom ng on (rood as-
thoriiy that the Wa>hin»tou authorities havo for-
oiddeu the communication of any ictelltgence as to
the re.sult of tte election either by telsgraph, rail
road, stages or otherwise. T^e offieer rn the lines
t>elow Richmond who has hitherto made oxch^ngcs
.'f papera far tha Richmond p'c^a says that on going
out ft>r the purpose this morning the yecJtee officer
stated that ns waa foroidden to exchange; did not
^30w bjw lotj the prohibition would Imi; believed
tijar f iacolu was elected, but the returas very un-
rcUai. le.
MB. TBBNHOLM’8 BEPOBT.
Tk6 ^fent im{>ortnace of tho flwanftial moMnrds
^loposei by the Socretnrj of tke TreMiuy indaoea
M to occupy our Editorial columns chiofly with tkat
part of his Bcport in whick they are discussed, as
follows:
The necessity of providing a speedy and efficient
remedv for'this condition of tkings is obrions. The
bonds have to' be sold for this currency; the taxes mast
Specie Taluo, 64 351,138,15«
Curreney Talue, 24,656,449,543
There is ao element of our national wealth, taken
singly, that exhibits in » strking view, tbe nmplitude
of our reeonrces to neet our wants. I refer to ihe
^ coUeete^inlt,“and'h»co*airThcm^‘^ staple of cotton. Thopot proceofls of one
Otker jvoperiy:
Specie Talne;
Cnrroncy ndneid at
t7 for $1,
10,15S,6SS,e53
From Petfrshurg—PitTERsawaa, Nov’r IS.—
Hampton’s scouts Ciptnrcd 26 yaukecs two or three
ii'glUi Eiucc uear ifae James end oave bro ught in "ii.
others escaped. All i* quiet along tae lines
i ha ruemy’s pi kets yesterday said the'r officer*
bad tatieu fr 'iit tncnt papers of the IOtt>, and no ex
change couid be madtf.
T/it Kxy^^hnngt of Ptt»on*r$ at the South.—
Savani»ah, Nov. 13.—About iSOJd of our prisoners
were received la*t nigat, a d 120i) ssore coma to
morrow and next day. Tae nidu generally look well
and ard ill fine spirits. Maay are ready to go to tbe
front withoat furloaghs.
Frjm Richmoytd.—The quiet which siceeoded
tbe battles ot the 27th of Oct. remains unbroken on
the Ua^rs Oolow Richmond. Our batr.erias eontinuo,
with only brief intervals, to shell, day and night,
laat unf■on;^u^te portion of thi yankee army wkose
fate it is to lat>or on Butler’s Dutch Gap Canal. It
is difficult ti get any trustworthy mforaauoil as to
the progress thip work has made towards completion,
i'he yaukeea say it will be done by Christmas.
HtcJi'd Dispatch, lith.
There is a report,, swareatly aomewtuU Mtiwti-
cated, tb*i thirty iron-clads, witb a number of tor
pedo boats and trausports, have lately arrived at
City Point. Many intelli»ent officers are couvinced
tuat ther^ will suon ba a great battle on the whole
hue below Kioumo! d.—Examiner, ll^A.
SVe aH^nded the enteriaiameufc of tae Taespian
t’orps last night und wcrc 'deligiited with the exai-
bifi >a
The characters were we!l su'tained; and theyonn?
amateurs i?ave i;it'b proaiH.?, and evin-ed no little
histrionic talent.—North Carolinian, llth.
We understand that the receipts were very large,
and appropriat;.d to the relief of the poor of Fayette
ville.
h’esifTua'ion of a Slate Seinitor.— fhe people of
this c.>unty will read with regret the card ol Eli W.
^all, Krfq., announcing h’S resignation of the posi
tion he baa held for luaiiy years as Senator from this
coantr in the General Assembly oi Nortn Carolini.
I nis resrret will be much more painful by a know
ledge cf the cause o*' nie reaigtiation. We trubt that
re't and rela.^ati. n may n^^tor^ Mr. Hall’s health,
aod with it tne tone of his turoat an I tne full use of
his voica.— Wdmzngton Journal
Prom Eastern Nuvifi rarolina. —We understand
that our cr-jops evacuated the tojrn of Washington
on W ednesday last, and it was oc«vapied by the ene
my perhaps ou the same day. Nvatlvauce in any
other direction is apprehf’nded at present. Our for
ces fell back from Flynioiith to a point on theRoan-
to sicken and dio with'-ut c‘to or k ndueso; freedom | river to watch tue enemy s movements.
to starve; freedom t' b?como ihe oatcasts of a cold j i jvfa tiate,
worid v^aieil has no int.''-rest in heir wdfar.*, ajd is j
not teiup^d by their iru tie^s, and vice the result of
idleness, to -iretch out a helping . and to them.
BesiJe ihe'o viiWii. it may well be questioufd
whe'her thi Cuustitution hUows the Contederale gov
ernment to make i^u' j parcba>.i3 of sl:ive8, and es-
p*fialiy wb'*i.her it ailoiVi :u '-t i^'overument to eman-
•:ip»t:' ttiem, or ai>y vine oi ih‘’Ui
VV^e do uut prop- se lurtbtr to discuss this subject,
d 'ery he ^.r ily w. ii tii.t' rhi loje of remarx in
■ *! ch it fas already ooea discussel in some ot the
** ivgpapei-s cnald t}■^ pita htop to by their owa sense
olprup.iety and policy.
"he ciobiiig remarks ot the President about nego-
tiat^us for peace are ail that eotild be desired, in
«dmr«blo taste and expressing the only patriotic
nth.
Prom Western North Carolina.—A. letter hag
twen received here dated A=hjviile, N. C., Nov. 7th
^vhich says:
‘ Kifk, wit'n three huudrc J men, was at Big Creek,
in Tennessee, just beio v the VVar.n Spnugs. Col!
Palmer has sent a force to eutcap him.”
Salihbnry ^Vatchman, 12th.
Confederate Court.—Tha C. S.. Ooa t is in ses
sion itl Concord. A true biil u s o eu fau M a^^a.nst
Tncnias J Marpfiy of Bar'Cimbe, ou an ixjdicim:^at
for treasou.—Hn't.-,hu,ry \Vatc.anxn, L2lh.
Another allegeJ A. R. Caravan, a citizra
of North Car..lina, wai commitf^jd to the ('asHe ves-
terday by the Provost Marshal, ha^iog beeu for-
war^ed by the Colonel commanding the post at
leigb, to W tried as a and for treason.
Rtfikmond Examimr^
Fri in ihe ValUy.—Passengers by last night’s
r.'^iu bi;Uj' th* iutciligencs taat Sheridan’s fores has
V' ei considerably dioiinishtd by the sendiug off of
traopi iu ih3 direotiou of Washington city. Sojoe
Ol nis cavalry ha.e I'iewise disappeared.
Mooby id reported to uava made n. descent on
another vvagou traiu, on the road from Martinsburf
to Wiucne;:i.er, burned a namoer of wagons and
carried ^11'safely sonie hor^s and mules.
Tiic- yankee depredatif'cs m th^ ijur&y Valley
were very severe, au iaimense qaantiiy of gram
havin^^ oe'^u destroyed; bat there la uovv no yankee
torce ill that viciuity.—Kichm »'ji Dispatcit, i2th.
The eaeuiy are ouily eugaged iu I'epairiug tha
road from Harper’s Ferry to Winchester; and, on
vVoduesday laj, nad removed the iron from the
Manassas road as low down as Games fille, within
8 miios of the junction with the Oraageaud Alexan
dria road.—iSenciiul, I2th.
Mood's Army.—Dispajcucs received from Gen’l
Hood as iace as to the 6tu inst., contain no mention
-vhale-er of the alleged ngat at Decatur., General
iie '.uregard is with tne army of Hood, and wiU re
main With it turou^aout the campaign.
__ J^ick'd Sentinel.
Frcm Missyuri.—Late advices from Price stale
*hat a stronar Coated rate force had a'cacked a yan*
' kee dttaciiai^nt t,f troops at Me. Pltasaii!: and oap-
uurai sotue 300 prijoners, with four picces of artU-
lery. The enemy fled towards Spriuedsld, but were
ont off acd coxipidied to rurn norlhward, towards
Bolivar. They lost, on the route nearly all their
ba.rgage aud ammunition rrain, and left their dc^d
and woundidstre va along the way.— Kich. Dis 12:/i.
Ihe Capture of the t'l ■rida.~'V>\e New York
'^eraid of tne Oih has tuo following partieuiars of
thi^ last i’ankee outrage;—
Tuf Florida arrived a*. Bah’a, Bay of San Salva
dor, ou the nighbof the 7ih ult. Caot. Collins of
the Wachusett, having held a co^ sultation with his
otficers, detprmined to sink the Florida in port. Ac-
corditffly at abont three o’clock the cablos wer«
clipped, and tae Wcchuffett steered for .the
bitUag hijr on tke quarter, without doins b
injury
Capt. Collins now called out to those on board
pirat*» to surrender or he would sink her. This de
mand ras replied to by the first lieutenant that ‘ un
der the circamstaiices h) surrendered.” A hawser
was now made fast, the chain slipped, aad the Flori
da towed to sea. In tne melee sevexl pistol ebots
were lired, and accidentaHy, two guns from tbe Wa-
chuselt.
Capt. Morris and half the Florida’s
ashore on liberty.
No lives were lost. The Florida was taken com
pletely ■by surprise, seventy of her men it was imuwa
being on shore, and the others just returned from
liberty were asleep and half intoxicated.
The blow given the Florida Dy tne Wachusett,
carrieJ away the mizduiBast and mainyard, wiuch
fell oa thn awning, pre^nting any one from getting
up from bv^^low.
So uuconscioaa v-aa the odicer of the deck of the
intention ot the Wachuaett’s captain, that be sang
out, “li:ua Will ran iuto ns if you don t take care,” at
the saine lime caihng for light.
1 inelve omc rs and fifty eight of the crew of the
tlarida were captured.
T. e 1 a- kre~/‘>:ecC(irH From ti>o iierald of the 9th we
ihat York Cit pjiicd i 10,iiOd votes, civiag
■Nf’Ol! 1 io 37,0'»0 m ij piltir. rhj ctlcu wafi very quiet,
l ine ills unjcrlty i>i Ma-sitchp^ftta is thjught to be
bO'iUO. Deh ware 170!), Oaia o5,')J0 AlA'vhQlab?at
Rh :!h Is’.in-l i.COO Mi;ni-aa 1,5.000. Cona-c-
ticiiL^'o-:- V(*» ;n n‘ 3'),0 -I. i’e i. s/!va i’a r>ta n»
>bow L iic 'lu gall o or O.-jtober. wb ‘n thu D. m rcrats
tad 514 ninj ',>u th" home vote. Hartloi'd, New liaveo,
Detroit gave JdoUlAl.au m'tjoritied. (Jalcago and BaHi-
more go for Liucoln, the latter by at least 11^0. New
Jersey elects to Cougres^ 3 Demsi, 2 Ldocolnites. Dela
ware a Uoeolaita. Uiasotui the wlioleDMioon^ State
itioket.
Government for the purchase of supplies will con
sist of this mediim. Admitting that tho amount
wkick may be russd from these sources is noiBioally
equal to tne estiffiated expenditures, there is yet no
security against such a furtker decline in the value ef
the notes as wi4 disappoint present calculaUons, and
add enormously to tke accnmulat'OQ of the public
debt Tho time, therefore, seeras to kave arrived
wheE Ooni^ss should take measures to restore and
sustain the currency or make provision for its hon
orable redemption, and resort to the ote of specie
s^d bank notes. The adoption of the last alterna
tive, it ir feared, would produce great embarrass
ment in*tbe community, and the impossibility of ob
taining an adtnnate supply of specie and bank notes
for tho wants of the Government would create the
necessity for a system of universal imprcssisents;
followed by incalcalabl^ suffering and distress.
That the Government must be sopplied 'with suf-
^cient means to carry on the war all are agreed.
Ojir Miemy offers us no terms shdrt of ancondiuonal
^trender pf life, liberty aod prooerty, and no choice
ia^ft us, even it we wrre disposed to hesitate, which
^ not, but to continue the war. Tne adoption,
^«forc, ef a permarent acd efficient system of S-
is indispensable to the full development and
strained use of our resources. The return to
ments being far the present impracticable,
is, iVhether it is possible to restore and
jiilue of the Treasury notes as a cor-
mplisbment of this end ia of nuch
aft(ntiun*, that to which
ntry should be devoted and
Ssible to anilcipate tbe prodac-
!rs of peace, aud convert them info
or immediate use, the expedieucy of resort-
such a measure could not be doubted. May
tTa nesr approach to it be made by devoting a
po^on of those fnture productions to the purpose
of imparting to the Treasury notes a high and staple
value? I submit that this may be done, and res
pectfully propose a plan for its accomplishment
It is an act pledging the faiih of the Government
against the issue ef TreastLry notes beyond the
amount authorized by the act of 17th February, ’64;
exempting the notes "from taxation; providing for
the application of iO per c^nt.of the taxes annually to
the reduction of that amoua^ until peace be declared
or the outstanding sum bo reduced to $150,000,000;
continuuig the tax in kiad after the war, ant' ap
propriating an ascertained proportion thereof acnu-
aUv to the Jedemption or payment of the circulatioc,
until the nhole shall be retired.
I propose that tho redemption shall bo made from
tfhe tithes of cotton wheat »nd corn, at prices fixed
i>y the act, namely: cotfon at 60 cents per pound,
wheat at $4 per bu.shol, ard corn*at $2 per bafihel;
that the notes be received after ttie war, from uli
persons liable to tbe tax in kind, in commutation of
their tithes; and that the Secretai7 of the Treasur/
be authorised to seua cen.ific.ites in exchange for
treasury mdes, beariag 6 per cent. iut“resr, secured
and redeemat'le in the same manner and on tbe same
terms as the notes themselves, free from taxation,
and roceivtibie af'er the war in payment of the tax
in kind; and that all notes, received into tha treasury
for ttese certificates, be cancelled.
The effect of this measure would be that, at pres
ent prices, tke entire population would be intorosted
iu exchangmg tkeir productions for treasury notes.
'Fhey would constitute not only a safe currency, but
a profitable investment, for in tho ratio of $10 for
$1, as compared with specie, the produce obtained
in payment &t the closo cf the war, would cost the
following prices, vis: cotton 5 cents per potrnd,
wheat 40 cents per bushel and com twenty cents,
f be^ nominally low prices would not operate to the
prejadice of the agriculturist, for his tax, beiog in
kind, wonld neither be increased nor diminished »j
the price. It is true be would have a collateral in
terest in common with tax payers generally, (for of
coarse all interests will be taxed,) in the redemption
af tbe notes at a moderate rate. In this respect his
interest wonld bo protected by th« prices stipnlated
Mt, iriboh at« not Mo* low for a time of peace.
Batif the| were, a full compowtioa would accrue
to the tax payer in the immediate enhancement of
the notes and cou(eqacnt reduction ef expenses.
And tke prodacer would find a complete indemnity
in the sale of a bushel of corn now at $4, and the
application of the money to the payment ef a tax
hereafter of two bushels.
In suggesting the three articles of tiotton, wheat
and corn, as a specific pledge for tke redemption of
the cnrrency, no immanity from their full proportion
of taxation is intended to be implied, iu respect of
other objects of tbe jtax in kind, or any subjects of
taxation whatsoever. These are only assigned to
this pariiodlar office or function because of tueir pe
culiar adaptation thereto.
Tho f dlowmg is aa estimate of the resources to be
thus applied, viz: Wheat 2,5d0,0U0 bujnels, In
dian corn, 21^,000,000 ousnels, and cotton, 20U.000
bales. A tax uf Id per ceat. woulH yield as follows:
Wheat, 2,S00,000 bushels at ;g4 810,000,000
Indian corn, 20,000,00.> onsbels at $2 40,00j,000
Ootton, 20d,000 bales, at $200 per bale 40,000,000
bale exported and sold in England at the present
price is about $200 in gold; and at tbe rite of $10
in currency for $1 in gold, this is equal to $2f00;
and to fonr billions dollMS for the two millions of
indloatod, !a to ^peeo tko rrform of tho eoneeey.^The
time for bedtatlM is past, aad one ef twe aherM«Tce
must be adopted. Moaswos should be taken wuMut
delay, to rovivo oonfldenoe in tho treasury no^ aad «p-
hold thoir va^uo, or a tax pir^ablo in spede aad tko ao^
of solvent banks be reeortod te. la the meet faTaraUe
li^t in whiok the noteo can bo rc|;ardod, tho parshao
ing q^lty doee not exceed one to seven we eight, aa
pared with spodo; aad the bonds are evonlower iavala^
tKing sold at Uie rate of $100 in bonds for $6 ia ^»e-
cie. To eontinuo such oxchaoges, if, inde^, fcr aay
length of time it wore possible, would bo nuneifc, B«i
roy couvictioB is, that it is impoosible to p*roevci!%^Md
unless prompt and deudod measures of reform Meaaop^
od, the progress of depreciation will be accelerated, aad
our embarrassments become insurmountable. I
therefore, earnestly ui^ upon Congress tho neeoedty ef
actinic with dispatch, aad by the idoptiea of ▼igerees
and decided measures, restore the value of tho enrreaei'
aod avot tho calamity with which we are threeteee4.
To remove apprehenBion^ of our ability to boar niA eo«-
venienco tbe increased taxation rrcommended, itwlUsaf
fioe to call attention to the araouat of taxes paid ihisjoar.
The total xinoantnf Mxes U at f374,liMU
Bm from this tani intm tie deituctrd the credit (Ivea fer
the tax in kiod and the InrL'ine tsx, vis: 1SS.TSTMS
l>enviiig • the amnnnt nf taxes actually p.ild
To thl' aiiinnt must b« nililed the lax m trcawry notes
ol'33K jierccnt ;aml aa the 4 pTfent. bonds hnTe4«-
•llnrd in value to $66 60 flSS, tlia t-tx. in eflbct,
li)«1iided th^ ivhole »um of issue*. *.xr*pt in so fiur as
the Itonils were aied at par in payment o' t« ifs. vIk:
Tpt*li»»ue $797,7W.SSe
Less eft’nMtedamoantof4 per cent bend*
r*ceiV&ile in payiueat of tax«« • W.eoo.aeo
^ *708,792,000
er708.T9S,ee0 at XIK per cent.
?tim ’*f taxntioa actually txtrne by the people In 1S'’4
«3tf,4Sl.l«S
bales estimated te be still in tbe cenntij; a snm
more than five times as great as the funded debt.
The impossibility ef realising the full benefit of this
resource nnder existing circnsutances Is admitted;
but the statement exhibits the abnndaace ef enr
means; and every effort should be made to apply
this great element ot wealth and pewer te the pur-
ppse of Arresting the profress of depreciatien, aad
retarding the accumulation ef debt.
' I propose an additional duty of S coats per pound on
tbe exportation of cotton and tobacco and tho dupMca-
tioa of the datias on iirports; pajment to be mtde ia
coupons of the 800,000.000 losn, sterliiig exchange and
specie, as now provided by law. The price of cotton in
Liverpool being about 60 cents p*r pound, the deductioa
of 6 cents for the tax would hardly have an appreciable
effect upon its value in cmrency. The duty would fall
chiefly on th« foreign con.^umer, or be taken trora the
profits of the exporter; acd an important financial advan
tage wonld be obtained_at a moderate rzpeoM to the
country The increased duty on imports wo^d be a smalt
tax on this lucrative trade. If paid by the importer, it
would be free frcim all objection; and if by the consumer
hia ability to bear it is abaad»nily proven by the high
price paid fer goods. These measures would eDbaac«
the value and enlarge tho demand for tho 500,0M),^00
loan
The expenditures for tiie six months, from the 1st of |
January to the 1st of July 1S66, witU. au improved \
ur.'encv, may be safely eetimatod at a maximotu of ^ whilst tke aara of taxation to be met by the pooplo wlS
99s.ieuee
•481,ess
Of thUanin there was reeetved In aid of the Treamry, via:
Tax n kHd valued at $14S^w.CH
Tax paid in aotrenay 40 CSe.SOS
It 1* nnw proposed lo nif* |SQt,OSe,SeS. which will *
brlnf loco the trea^orr an exceM ever last year of f 174,4?MSS
$ 100,000,000; aud for twelve months al $s00,eo0,0 X).
j i'o th'fl amuuut mnet be added for redcmp-
I tion of notes as proposed, the scm of $60,0^>,000
'And for estimated aaoaiit of fluatisg debt 1«4,000,003
$174,0i.u,000
To meet these demands upon the Trossury, I propose
the following scheme of taxation and loans, vie
I. Taxation, iacludirg tax in kind $36O.COO.OCm'
j. Sale of bonds fi tne 5'v;.miilion lean and
certificates of iuHebtedness 409,00',000
3. Import aud export dues aad isiocollaa*-
Ous receipts 5,000,0 ;0
$90,000,000
This amount applied annually would redeem tbe
notes outs tftudine in four or fi/e years. Tbe credit
due to this estima.e may be mferr^d from the fol-
'owing summary of the crops of the Confederate
iStatea before th« war, tasen from the United States
census of 18i>0:
[Elere iuliows a table showing the productioa aud
value of the chief st aples i^ the Confedorate atates,
of wdich laa aggr^^gatcs ar.: 5,185,645 bal.;3 cottou,
value $1,037,129 000; 42,989,25)1 barbels wheat,
value $171,952,164; 4i7,ti0«»,804 b ishels corn, val e
$835,201,608. I’oial value ;jJ2,044,28^.572.]
Tae leAiling d .iaiis of ta s plan or msa^sure fo
reassure the pablic of tne safdty of ine curreucy, aau
the redemption of it iu fail, will ^'onsist of me v xuo
in which tbe selec ed staple^ should be co.u 'ined,
iind of the pro'^ision necessary to cqna iz3 the value
of tbe post^iosied and preceaiug iaBtaljieuuS. The
combiaat’ou of tae s^aplei* recommended ia -tuisi
report is 1-9 of wheat, 4 9 of corn, aud 4-9 of cotton.
The fcneme recommendrfU ia anotner piace P>r the
purpSie of barmoniiiag the’'alue of tbe puccessive
inp*alaenta. is the substitution oi certficates, bearing
for the currency, set ispirt by th>. holders,
of the tax, or to purchase tne lithcp.
investigation i am satisfied
be successfully reduced t'^
' $774,0; 0,000
To raise the amaunt proposed by taxation, I recom-
meud tbe repeal of so much of the act smendisg* the
act of nth February 1864, as will leave the property
and income titx in full operation, without the abatements
Duw allowed, viz; 8ec. I, par. 1, of tbe amendatory act
of lth June, 18b4, which provides that tbe value cf the
tax iu kind «*haU b^ de«Juct«d fracu tbe« aJ ralrt'em tax an
hgricultural property; and sec. 8, par. i, of saraa art,
which provitles that the pr»p«rty tax ihall be dec Dct^d
from the inc.tme t'x Ey this chanee the desired amount
uf revenue wili be s* cured, and the pron'inent ict-qua i
ti. 3 of taxatioa, now the subject of eDmplaint, wiil we re-
dressetl
Tht; tax in kind b* iufr ten per CfTit., and its valo^ in
en.iency $14j OuO.COU. it lolluwa tbat the (.roduc'iors
;uxed t.m;.uatcd iu vaiue to $:,4‘^3,OOU OUO; and tke as^
^■essed valre of the pr'pprty from which these prMuctioos
are dt rived beiu}; 7o8,ITU8, it i? appM’cat tcit tbe
gross income of $i,450.o00 OOU is equal to 50 per cent, of
the a^sesiied value of ttp propxrty. Ueces, au agricul
tural estate of tae value of $1UU,000, subject to aa ad
vjltren tax of $3,000, yielded a gross income of $50,0i 0.
Tbe tithe of this income ($5,000).paii tke property tax,
and'l-*ft undiminished $45 000 ot income This result
was the coaM-quecco of valuemg the property f jr tax
aiiou in specie, and the productioas r^^°iv^ iu pavmont
of the laz in curreney. Had t^e prop rty bewu valued in
the medium in which tbe tax was payable, the assessment
would, ha«e been at least S^00,0l0, and the tax $25,000;
or hai the ari>cies received in kind t>eeu valued, as thi*
property was, in specie, the payment would not have ex-
C9«icd $2,'00. aad $3,000 more of tax would have bc«>>
received in cuir.*ucy.
Tbe iuequslity of taxatioa that resulted is made ooo-
spicuoDS by a cemparison witH inve?(ne>its made in Grov't
securities. Toe siime sum of $100,000, iu 8 per ccnt.
bonds, yielding $8,00C per annum Interest, paid $5,000
tax, a^d l> ft n cear income 4 only $$,000. Capital in
vested in banking presenu a contrast equally striking.
One of the baaks in Richmond, which is referred to as an
examplti only, lm a capital of $2^36,600, paid S^k24,4U0
taxes, the h-pecie being assessed at eiguteen times the val-
u(* of 1860; and the amouut distributed among the steck-
holdere as income was $268,640. On $100,000 o.«s^
queatly, thus investfd, tke tax was $18,000, and the in
come $11,500. These inequalities give rise to grave
complaints, whilst au amon Jt ot taxation equitably dis
tributed would doubtless be cheerfully met.
Tbe collection of a large sum in taxes is essential to the
"^efjrm of the currency, and the country is in a ce*«^ition
ihe m>»^ favorab!e to bear the burdeu. Tbe abundance
of money, and high price of every species of p.-op-rty ard
supplies, would render the paymeat eaa/and ire ? from
eDBbarra-*mjut. The treasury will derive I'ttle aid from
his a:uro« ia tbe present y*-ar. Tbe tax on the currency
brought no revenue, operating only as a redaction of tbe
circolafioD. Tu*f other taxes, with comparatively little
^xc'wptiou, will be received in 4 per ceat. bonds. The
tax^s upo;i pr.»pe'-ty and iacoma re.«p£ctively, are, to
aomj extsnt. ujminai only; the ad vahrem tpx on prop^r-
engaged in agiicultiu'e being disoharjed »*y the credit
of tne tax ia kind, atid the iccome txx on property di-
;niuisbed by the whole sum of the ad valorem tex. These
abatements, aui the payments in 4 pjr cent bonds, r« -
I'ult ill reducing tae r’lVeaue from taxation (exclusive of
iho soidieis’ tax) to about $40,000,000
Couirutiag Ihe property of the country at the present
es'.imatt d vaiue, the following is ibe existing rata of tax-
atioa, viz:
Value of real and pers-inal property in
currency, rate5 at live to seven times
th^ valuation of 1860, 26,65«,419,541
Total amodun of taxes, inc'udiog the tax
in kind, and t'le soldi^r.^’ tax. 287,000,000
which i-* at ta>j '•at.? of H p^r c nt.
With this estimate of tU5 rt sources of theConfed iracy,
th'’ tax^s prep ;>8id for the f-asuic;; y»nir cannot be d?em-'d
excessive. The sum 01" $3i)C.UO'*,uOO reduced into ‘p'Cie
ai $^?0 for $1. is only $18,000 000; ard tfeis amouut, ap-
pli d *0 the values ot 1860. viz: $4 351,138,157. is a*#D«
ihIo oi' less than Ofo-*’ail'of >'us p r c*>T'.t, fi'-n if tne
c i!culatl0>i is mai- ia cu r-ncy, viz: $o60,000.0}0 up-?n
■,n a'S s'meiit-dl' (5.’;6,i49,541, t wo tld amo t
pt-r cent. Aud when it is r.^raembered that wit^i rhe p v-
m rt of th^. tax-rs q i rtt'rly, a ra.aFUie wjich I .-tr. n^ y
bs $ ‘il,66,l69 less than last year.
1 wotild rei"ppctfully recommend that all Gov
bosda aod stocks, and loans of every description (e tko
Goverament, be declared free from taxation, CKoept
upon the income derived therefrom; and that the iaeeeas
tax be at the eamo rate and subject to the same coadiM—e
as other income taxes. The policy of this measare Is
obvious. Uuder existing laws, except in Ihe ci^ 0# tho
five kuiidred million loan and the certificateaof indektad-
ness, the income derived from Government socnriHee le
nearly all taken back in the form of taxation One cCscS
is to drive the bonds abroad and create a foreign debt
tnat v’lll be found oppressive on the return of peace, aad
another is to raise a preference for other investaMBts
over Government securities Many investments a
larger income than simple intfrest, and are capablo ef
bfaring the tax; but the interest on Govemra^nt leaaa
beirg limited, acd not susceptible of angmentatioa, the
tax of 5 per rent absorbs nearly the entire inoome. Ia
the case of the 4 per cent bonds the whole woold be
iakt*n, and when it is remember^ that this rate of later-
1 est is low, and that the loan was in a measure oooBpal-
Bory, this class of public creditors are particularly catlr
tied to he conbider*tion of Congress Tender regard
for the just claims of thase who, confiding in the faoaor
and g'XKl fitlth of the Government, responded to its cells
for jjecuf.ia'-y aid, will be attecded by no lose, sinccthof
who ueai tbe most honorably wi h the creditor, In'vaii-
ably borrow on the best and most economical leitM.
Tho tax alio upon the banks deserves, in a partlcnlar
manaer, the careful consideration of CSongress. It woatd
L»o a conspicuous wrong to constrain these inctitutioas to
wind up their aiTairs, and a serious loss both to the 9^'
lie and the tJovernment to deprive the country m tho
support to ba drawn from tbe concentrated capital they
possess. This, I thiuk, must eventually tho effect of
the present tax if cortiuned, and I recommend a aiodtft-
oation of the law. sueh, in my opinion, as will give tke
desired relief, and leave tbe revenue ucdiminiskod.
i'cn f liowts;; pUu "f laxatioa is vropcerd
1 Tikai tbs md walwem tax be bli upon tke sum of
ihe • apii.! aud furoics proits, beinf the total vroperiy
af tke bt''okktit*?r'rs exr^ctftsd in ourr ney
2 Tust rfepoait^ be free from tazntion. as eeatistla^
}f tt*Ji$vrr CO ee aiily. a tsx upon which rsMte upca
'Isc 6 .-vtfriiivcnt
8 Thst N t,>z cf 26 per cent b* V.id upna the ootos
I bunk, p«/able *n cptdla aad Treasu’7 notce the
^«»mer in the proportion that tbe specie hdd by the
'»*ik bt%r^ lo tbe sum of tke cntsteadiisg aot£S; /roMit
td, that all bill holdera, prescBr ting tneir not«a at eke
'auk aad making affidavit that the nates we?o there, os
^le day of the pawage of the sot, tko property oflsysl
«itii’,'7a or aliece in aa'ty with tbe Confederate States,
s. all be azed *' per cent, cniy *asd ii( the aaiae at^
portions *« to spesio and Traasury sotes. Aad-tkat U
hn mado the d’Sty af tke bank tn reo rd the ttatea tbus
presinted with the canes of the persons kotding the
•asne, end to colleo*. and pay th** tax, and to report-to
the proper ofi.;er fer seqiiestration, as iu the hands of
Ihe en^ta". al eotes not pr;-6?nted for record and tax
ation under tbe provisions of tha aot.
Tbe oirenlaiion of tbe banks on the 1st of Janaary
1859, WAS V foPtows, and the^-e is no reassn to sappoee
tv at is i? now any 'esa:
Vircinia $10,849 843
N >rt^ Carolina 6,26l.fl2A
Swgia 11.68TM2
3 nth Carolina 9,170,S«t
Ai^baala . 6,651 IIT
Loaislaoft 0,094 009
MitifJp«i,)pi 169,400
Trnutssee ' «, 472, aes
$69,797,281
If limiie' to ihe firs Srrt naciFd States the tax woaid
3t:ll op;rate on a Ruoi-of forty-three million dcDars; and
if the returns sW'l exhibit a emaikr amount than thir,
ihe restIne would bobroair^t under sequestration. Mid
pontribui« more largely than ihe tax to the relief of t a
tre sury
Stock Sales.—At Richmond on Friday, nt auction,
Confed'jrate 8 per cents, coupon, long dates sold for
120. Jtfond.4 of the $15,001,000 loan, coupon, 130
D ttx reeisterfd 118 to 120^, Nontaxahle boadn,
132 to 333.^ Noatuxable c-^rtificates, 92 to 93^.
Four pt^r cent, cert.ficatiis, 71 to 73. All with :iu
terest added. C jttoa bonds 180 jl-it. Hpecie 27 to
28 for oup. At private sale, $t»7,000 8 per eaat.
coupon '■'ondtf. long date, sold for 122. with inter-et.
At Wilmington on Thuipday 5 » shares Commer-
ci-1 tsaiik stock sold fo^ to iiJ302^; 105 shares
VV. ai:d W. K. R. siock »t $.155 to $.‘170.
L-i'c T'x‘2kec Ite>ns.—Th are was great excitement
at II,iuP, .-.onoin, in coasequence of the arreet
crew were
ration of this svstem a sure apore-
iv currency may confidently be expected,
discern the advantage to arise from the ac-
»n of treascry notes at present prit^es, and
treign '•apital may be expected to *ah9ort> e
>r, at the rate of ^0 *br $1 of specie, the cost
' cotton would be reduced* to 5 cent*» per poand.
Confidence n^ay be expected to return; for those who
tiread repudia^on, and those who would regard the
rexum to specie p vments with equal alarm, would
both be encouraged and assured. In impartlug in
cre&sed value and security to the treasury notes,
greater reliance in tne value of the funded debt
would be inspired, fur tbe expenditures would be ro>
duced and the Mcumnlatiou of debt be retarded.
Tee currency debt Hein? provided for, the total
remoihder, to wit, the funded debt, would be as al
ready stated, ^738,340,090
‘And if to this snm be added tho am’t
of bonds to be sold before the 1st
Jannafy, which may be estimated
at fi bout • - 40,000,000
The totdl sum of interest-bearing debt
pu tbe 1st of J.'tnuary, 1865, will be 778,340,090
The vftltiP! Ol real and personal proper
ty iu hvj Coafodei»ie States lu ItiGO,
accoi^iag to the U. S. censrb,
takra lit specie value, was $5,202 166,107
Notwith'tuudiug the waste and desoUliuu of the
war, and I'je Jtmouot of prop't rtf io the er e ly’s 'in«>3,
the S’bjectJ »l r^tx .non uudtr th:» act of 17ifa Feb ’
lbo4, aco.irdiii.' to he rctu r.s ni l:^ ti Ike catu-uia-
Eioners t^y tbe a'aejsocs, under the act of lj)th Aug.
iS61, is aa follows, viz:
Property employed in agricnltui«:
Specie talne, $2,900,7M,777
Qwnney Talovd tX
recemjiond, lf>s i.r.u one-fourth of the 'i.rrt’ncy will c.f-1 unvl carrying oCF o piriB unanown of a Mr. Thomp-
t... .,..,1 *, t .-11 J ^ secret ageat of the goveramenL
The Veruiout raide s are under trial at MontreaL
Trtdre are 14 of them, from 18 to 25 years ot age.
The general opuiuu is tbit they will be delivered ap
to the yanli:ee governrnqnt; but some suppose that
they will l>e carricd before the Privy Council in Sng-
land by hab-as corpus. A letter from Montreal
SAJS: feoIiQ^ in Montreal is strong. Canada ia
rice f ji- the qu«* ter's t^x, aud tae am 'nntcolkc'ei in any
•jne quart r wiil b* rtrsti>red to the circuia iou b foi> au-
otiit-r becomes pajhfil-*, i- is app'trent that the rts urcts
of iht couutry jtre ample to meet tne twopjood increase
of ta.xes.
It niay^>e ot>jpcted that the several measures combin
ed will unduly reduce the circulation, a^-d expose the
count ry to the evils of 'a declining and insufficient cur
rency. Tne reply to this obj-^tion i*>, that the evils pre
dieted are, to some extent, inseparable from tne redno-1 fnll of rebels and rrb;il synipaibtzers, who wouid glad-
tion of the currency and the improvement of its viUue. • 1>' stir up war between the U. Siatt s and Raglaad.'*
^ny measures that are successful io effecting the desired j —
reform must, of necewity, be followed by the trials that 1 Beast. JJuiler in New York. The N. Y. Herald
attend upon such a transition. If Congress does rot in- j gayg vhat BuUer’s advent to power there stilled all
terpose, and by some such measures as i have ventured 1 clamor, a sudden dread succeeding. ‘-Since bis ar-.
to recommend, restore currency, gradually, ]udicious- , riyai was announced, the Wond and News [Dome.
ly, anil by means of voliutary action, it win a eurediy
rectify itself by some violent and disastrous convuluion.
Th« developments attending the execution of tbe cur
rency act of February 17, 1864, reveal deariy that the
great body of the oirctdation is held in moderate bums
by persons of limited means, in all rlasses of the popu
lation. The deposits held by t^e banks, large ss they
are in the wgarrCfpite, proved to be the tfccumnlatiocs of
individnal depoi^itors ia all parts of the country. Tiro
reports of tba depositaries appointed for funding the old
notes show thut soldiers, soldiers’>farailies, and the poor
generally, have been the heaviest sufferers by the t^x on '•
the currency and its depreciation. In view of the large
stake cf the poorer classes of society in the currency.
gratic organs] have been dull aiid deo.nt'
Derailed Farmers.—We hear that Judge Tlutmp-
son has diicharged a number of detailed farmers la
Augusta couaty. no Jer writs ol habeas corpus), upon
the ground that the detail is a contract with tne
Governmej^ lor one year.—Richmond Whig^VMh,
Yankee Votivg at Nf^wbem.—Newp from the front
represents that McClollaa has led Lincoln ten to one
at Newbern. At Deep Gully, McClellan received
6^ and fjincoln 10 votes, and about the same ratio
at Batchelor’s Creek.—Kinston cor. 6/okb. JtumJL,
the responsibility of fixing the value and estabiishing j . • r • j
the securitv of the notes, umes the gravity of a s-cred 1 Ltncfn DetFUxsm -.Among the d^rtm
doty. To; soldier, and aii ^ho are forced to the irr uie i
dUle use of their money, ar^ without the chanca of re- the James is a yankee Colou-1 wiA a German namA
dr^-ss for the loss they sujlain by the dfpreciati^n,
wberess the capitalist has it in his power to indemnity
uimself, aud even reap a profit by-investing in public
bonds.
Rith'd Wh*0, I2tk
The London Timts on the American TTar.—^
Tbe Landon limes ot the 26th ult. saye: “ VtTe see a g^%
The measures propos' d may be expected to correct , nation, which has not been in timea past sparing of iU
this inequality, and give'to tliose who claim our sympa- | mei.aci s and predictions of our ruin, apparently reooWcd
thy a mortgaffe upon our future i^.r bread at to ext cute, without pause and without remorse, tho moot
fair priccs and when the war ia o/t-r th • country will ■ dreadful jndgment of lieavJu itself! We see the fraatie
enioy tha ’satisfaction of having prcitec*^ its defenders ! patient tenriii^ the bandages from his wounds and thrnst-
froni want » * would assuage his miseries, aad
If the proposed rtform shonM be f illowed by a generdl ; f.f.y d .y /Int the war goes o% we ne* tt*s.and lm pr»M l~
»nd large ueoiiae in pricee, i! i n^ult would bo hailed ) tty >h i‘ g. eat fakr e cf the Union will rver fc«
with tjio iivalitEt satiifacCion, exc.'pt by fhoi* whose i i'.- tf'uctfd ia its ori^'lnal form, and more and more llkelii
prudfnt inv^stiuonts hafe ocntribu.;l to tne dvra.‘ig. - h«od tiia* the process of di^ntegra^ion will extend ftt
inent we d sire to comrect. K > improvement of the cur- t beyotd tne pn^tnt division between Korth and Sonth.
rency can be expected that wiil not be attended an j We observe the rapid dectruotion of that mighty fiflMie
immedM>t« decline of prices. It will, therefore, be i£o to I of prosperity which wee so formidable to onr own eolo^
say the reform the eurrency is denrcd, if we ere ! nies, and we look forward, at no duUuU dtU^ to tk»
willing thai existing pcioea should be eontinaed, aad to I wkm Oc ertdit of tk^ SeptMm mmt ^ tysfm% mSi
*tiBk Ikm niwHW that will beellwdedby tberwllB I emr*