eemnOTCATiiMm.
pond *011 the proportion between its amoant and
tha means provided and praoticable for its re-
damption But upon the dcpreuiatlon of the
treanury noteti eaoh addition to the debt would
still bo limited »o the specie value or the thiug
paid for. And ih? aepreoia ioa of the io-
8 «uJ ot e^rh«>rins' mumautuni, hke a fal iu^
as i‘ di»> s nuw, w »'ild Dj a s It a'iju3iii.>g
OD'Tatio j I f the nff'pcscd systL'ii’, have a tiiudfuey
to wo. K it:H o vn cur-; (or the more t^- y d>. pre-
ci ted t*ie more of thcra wul'i o« abs; rbed in the
p»yment of r.he taxe.s, and the tuofoof ihem wouid
be redec i>« d i>y the spcoio avaUa'ile tJ the eov
eruoient f ir their ro-lf'tnption; while it would be
ill the pow r of the hoiarra of the notes at any
time to »rrc9t the lods to themw-ifes by funding
the iiote«. On" *h« other hand arise in the value
of the notes after th*'ir fi stexpauditure, although
it would o*u«e a proportionate loss to tha govern
meut, i»oald indicate suoh inoreascd confidence in
the wsaUh, stre*)fth and prosperity of the nation
as vr.>uld always make such a loss a came of re
joicing. L
roB, Tum oB«»av*a-
OUR FIS\N E8—HO. 1
We learn offiolaliy from the PresidontB ;Mes-
Bagj aad aoootopaoyio? doc’iiroats, that tbe na-
tionil dobt in all its tormi amoaurs to a »h-tm lid
miilioos of djll.ir.', the oufsta d ou; treasury co va
to le^s thA'i 6vo h i i‘lr d uii'lio/:!>, and the r>&l
aal i.*jrsoTtI prop;r'.y withia uor milif-»'^v bQ».:-,
at its 8p cie viiu *, to toar th >i.8and inillta >s 1
use approxi Jiate rcuud nufabcm for oonv^nieQCo,
and t^dy wiU answer far t’'e foUowiog views and
iUustrstious:
The tre^'3ury no*es bive depreciated in value,
till thoy are quoted ai thirty for Due, and they
•re pr;oticaUy still lower. This is so I'ar below
their r?»I value as to bo absurd. For suppose a
tax of only ons>half of one par c»'nt. oo iti specie
valn^ tf> be Utd on tha whole amiuat of real and
perionai propsrtv within our line^, payable in
apaeie, or io treasury notes at their current value
in specie The property amounting t^j four thou
sand miilioas, the tax woald amount to twenty
millions in spccie, or in treasury noiCi at their
current value of thirty for one, to six hundved
million^, which is more than the whole amoujat
of them in eircuiation. A simiUr tez of one per
cant, would require for its payment twelve hun
dred millions in treasury notes of the same vaiue,
which is more than the whol) amount of the n-.-
tional debt. But the aloption of such a rule for
the cjilection of Conled'jrate tax-'^s would be foU
lowed by irs adaption for the ealleetioii of St&te,
and oth*r taxes. Thesn would amo’intto
an average of more thai 1 per cent. But supp^’Bc
thorn tj ba 1 per C3nt., and the cjlleotion ot th-'se
tax«3 ia treasury notes at thirty for ooe would
require another twelve hundred millijns. Thus
the oollection o( tbe ordtoary State aad Couuty
taxes ior a siogie.year in treasury notes at their
preseat carr-'ut valud would require an amount
greater than the whole natiouiil debt, and morj
than twice OJ great aH all the outstanding treasury
n^tea And if to thLi w-*r.^ addod a Cmiedjrate
tax uf one per ceac. on the spccie value of pr>
p^rty, oJleoted m ths s'ioie way, it voa'd aosorb
in a single year more than twiod the amount of
the national debt, and more than lour times the
amojnt of tho outstanding treasury noteo; while
it woald require in specie to pay the wiiole only
eighty mllaoas.
It may be satsly assumed that one hundred
mlllioaa in treaiury Dotd;» may be kept in h.’al.hy
oiioalati9n. It is only n^ccs.^ary therefore to ab^
sorb the remaiader, which by uur sipposiciori U
less th;»a four huudred millions. It is said ofii'
oixlly to be mujh lesj, and oac hauJt-ed uui lii.^y
or two huudred miluoas is generally assumtd as
the amount which m:iy be k^pfc in aealthy eircu~
l&tion. Blit; with iha case stated as strongly
against the notes a$ 1 state it, the moderate tax
which I have supposed, cjllectsd in treasury
notes rated as high as five for one, wouid abioru
four hundred miidoas, which is more than the
whole surplus of them now outetanling It would
seem therefjrc of necwsity to raise them to a
▼aiu3 higher than thu, if the treasury notes
were rcw:ivable for taxes at their cur.*ent valu'^.
It ia true that this calouUtion is sfiec'ied by
the fact that the treasury notes paid in for State
tax^s would not bo ciucalled, but only temporarily
withdrawn from circulat'Oi But tfai^ U ov>r*
baUac^d by the iaot chit tua tax f^jr one year is
compared with the outstaniiog issue.^ of fmr
precsding years. So that we might well hope
that the aecnal result of such a tax would be to
raise the treasury notes before tuo c;Oje of t^e
first year to a V:ilu3 higher th^n five to one.
Figures oannot lie) and it seems to mo that
these simple cilcuiations o&nn}t easily ba m;sun
derstood. Th »y abun Jaotly illustrate the absurdity
of the presaat d8prania.tiaa of oar national debt,
by bria^ing it into simple oomparison with oar
means f t p.ying it. They will app$ar much
straag jr it wo !»dd the n^tioaal dobt its-slf *o thi
amoanc of taxable piopetty, aa l if we also add
tha revmue which we can raise from impirt and
export di'i’3 itijr tno ter,o»atLjo\ of -ii jlock-
ade. Do they noc s ig^.'sc a hystsm ot fiiincs by
which Wd can ro-toro hj uitioJii dioo to It^ trie
Vatu'*, aai prevent is f.'ooi agun d preo.ac.n? 6 '*
low that poini? L.
oua PINANC28 -NO. 2.
Ualer our presjot system ot fioaacs, we p»y
the VAit expeaiiture*i of che gov-iramant in trea
sury Qoifti at their a’^surd’y iepc;*oiatod laarkjt
v-iluej waile vri biad ourselves to redeem the
not::s in specij at their full nominal value • To
evade in somj measure the ex^.ravajanco of such
a system we nrs forced to fix prises wh'.eh though
m-iaitold aOove the speeie.va^*ie of the things paii
for are m mucti bjlow their value iu tUo depre
ciated curreacy. Taus iajostica is done to all
parties, and we are incurrin.; a great load of debt
mash of which is acoumulating iu the hands of
oapitalisis and foreigners who have paid no just
equiyaleat for it.
instead of this system, which is so uojust, and
which we knew by experience is working very
badly, I will w'th the 'iiffifence becoming a pri-
v-ite citizen suggest the followiag: Let all the
paymeats of tbe goyerauent bo made at the strict
specie value of the things pJd for, the payments
to be made either ia specie or ia treasury notes
at their cirreat value in speoic when piii o-fc I i * these numb?r-j inJicato that it caa be
Let tho trojsury notes be rcceiv-tble iu payment avoided either in the manner proposed, or ia
OUR PINAN0K8 —No. 8.
la the two prec^’iding numbers a system of fi
nance has been briefly &'^vooa^cd, b/ which the
government would make »li its payments at the
specie value of the tbiovs pnid for, p«ying cither
«i>eci« or treasury notes at their current value in
spccie, while taxcti wouid bo assessed on the specic
Value ot property, and paid in specie or treasury
notesjjijtieir caire>it value whon paid in, and
treasury nots would b-3 redeemable ^ apcoie, o*
(aodabld at tlioit «arrent va\uQ Xfh'3H redeemed
or funded. Aod an attempt wa> mad« to show
that sach a syst;;m would correct the present ab
surd do^reoiation of the treasury notes and restore
them to their true value.
If it be asked how such a system oould be har-
mooiuusly a^apted and applied to the present
.-statfl of th« currency, I oonffss that such a task
would require wiser heads than mine, and skill
in the arts of finance to which I have no olaiai.
Bit by way of suggestion to those wise heads 1
will^entioD soma of tho thoughts whinh have
occurred to me on th»t suKjeet.
If, os has been arrued, tfio collccticn of a tax
in the mode proposed would caose a rapid rise in
•hs current va'ue of che trea^Jury notos, it wojld
seem best, while providina: for the earliest collec
tion of such a tax, to retain tbe present schedule
prices, pay, till tho approoiatioa of tho tr^ as-
ury notes made it cheaper to pay »he specie price
in treasury notes at their ourront value; and then
to apply tho proposed sys^e'' to piymcnts, payiug
for cv:rj i‘em at ics spccio value, in specie cr
trc&anry notes at their current v-.lio.
A« to the b>nds, notes, fec , already issue pny-
ible in specie at their full nomical valu', ho*rever
littl*' the govcrcmoat ma? fave rccnved ior thcoQ,
^9 oannot n'W chipgo the ter i\^ of tho aontraot,
or r^fM.s%> to carry it out to the letter, except from
»n iasupersbla neoo'^&ity wh'ch knowi no lav.
But eiroum^tanoes would perhaps in Iuct m»’'y of
tho owners to put thom on tho samo footing as
the bonds aad no’.os unicr tMs proposod system.
Wc cannot «Jon rd-ioem tticm in speaie. The
notes i^suv*d uader tae proposed sysLem would
supercede thr'ia is a oireuua'ig medium. They
would b-j taxable at their comiaal value Thus
they might bocome ior tila lim? comparativoly
Uiel^'S and b irdenorkm^ to o^ar.’’-;; aod many
of them mi^bt w«!l prefer to fuud the.'a uudar
tho n>w systoni.
Under the present system wo have no eonv'eni-
ent test of the v*lue of bank notes, and they are
almost driven out of circilation. If it was thought
desirable na ler the prop-wed system to restore
them to circaUtiou, the government might re
ceive and pay as specie the notes of all banks that
were redeemiag their notes either in spccie or in
treasury notes at their current value This would
be a practical test of the solvency ot banks, ample
to secure the government; and why not individ
uals?
A government having a system of finance like
the ooe here prop)^ed, th-^ ruUn.' priacipie ot'
which is that it w >uld coafioe rhe national debt
to the sposie val je of the itcra^ for which it would
"be incurred, could not be easily made bankrupt
l‘y war. For, it we except the hire of for. i^n
m raetiaries, and che parchas« of fjreign murji-
tioas and suo^^Iie.s, f'--».a waieh wo are, perhatw
hippily, rilaiost entirely exciu i d, war, even when
waged with the unpinlleled m isfaitude aad erur
gy ot thij oae, can oaiy consaiua the surplus of
the country. It cinaot con sum the laad, which
with the solid impr iveaieais on it is the great
wealth of the nation. It must leave labor cnou -h
at home to cultivate the land, uai pro>^ide a sup
port for both the home popuiatioa and the army;
and of the products of that labor it must leave
untouched all that is necessiry to maintain tho
home population. It it attempts to take more it
cuts its own sinews.
Since war then can consume only the surplus
iaoor and productions of the couutry, it is hard
to see how a four, or even eight years’ war could,
witii a sound system of fiaince, accumulate upon
us a national debt that wouU be beyoud the easy
reach of our rej lurces, or appro ich in magnituue
to toe wh de amount of our property. And if
such a r.'sult is tnroatened under our presont
system of daaace, thef«orsaad c=ilculationsbi‘ought
of taxes at tueir current value in spede when re
ceived, aad redeemable ia specie at their curreot
valoe when redeemed.
Let all subjects of taxation b3 assessed at their
spccie value, and the taxes payable ia speoic, or
treasury notes at their current value.
Let the treasury notes be fuodable at their cur
rent value, and the interest of the bonds in which i VThrf?*,; A of Divine Pr^'rideaoe,
they are funded, payanlc in specie or ia treaaary ^b*r»cteriz*I civeaai’tAacee of p>outi»r sdvarity, hj^s
notes at their current value.
Taxatiou ia its various fbrms boing tho only
means of paying the national debt, the collection
of tho taxes in treasury notes at tho'r current
value, by bringing them into direct and coatin-
ued comparison with tbe means provided and
practioabld f>r their iiquidaiion, v/ould furai-h a
simplo and obvious te-st of their real value which
all p^rsms couli readily understand.
Thus, to apply this test again to our present
oottditixi; it being ascertained that the real and
personal property within our lines is valued ia
specie at four thousand millions of dollars, a Con
federate tax upon it of one per cent, added to the
ordinary State and county taxes whish average at
least one per ccnt, would ra soeigh^y millions iu
specie; the payment of which ia treasury nott'-s at
their present unreasonable dopreciatioa of thirty
for one wouid require tweaty four hundred mil
lions, which is moro than twice thr> whole of- the
natijaal debt Such a tax paid ia treasury notes
at a depreciation of five to one would require four
hundred million;, which is more than the wholo
surplus of taem outstandiag, b^yonJ what could
be retained in healthy circulation.
It saems to follow of necessity that suoh a tax
would correct the present enormous depreciation
of the treasury notes, and restore them to their
tru9 value. It would at the same time be just
and equal in its operation, and would be less thaa
most modern natiors pay in time of peace.
Incidental benefits which m:;y well invite at
tention and reflection, would grow out of tbe sub
stitution of the system of finance proposed above
for tho one now in use. The paper of the gov
ernment yrould, as now, b« thrown into the mar
ket to be taken and held by those who would pay
most for itj and its real ralae would, as now, do-
either
some wiser and better manner.
L.
P0& THB 0B8ikttVSa. *
At* rogiiUr U .oV* L'dij?, No 159,
tasLo^c^ rooo) oii iba t^ird Sa>.uraa/ev>fa)n^ in
Dso A L 5864 A D 7(561, on iaiiion, the W M in
noua'^ed "epori froto a C33nittt(t9 expws-
of daitK of our maoti esteeaed brottier, J J
RMiyd, Go G, 26r»i Rfg’t N 0 i’;
VfhrfsiH!
)>s in aoaroisr. hM e»>.>rea Mnon?
Ho liaa ams;ixi a Bciaujr mu-ic, aad aj to .
uU 3in«;blo 0* Hr? p"3v>tr. Our worthy Bro J J Beoofd
■ 9 no oiora Htj f*aa Tsslantiy ktl.ad wbilc od poBt ocar
Pa.erfiba-g, V». Bro J J Rsoordl waa one ef tbe first
in d»fen)6 of hj3 oouatr^ from Oaataatii.
Hin voio3 will no moJ-e b« h^ard in tho L.tice rooTJ, hia
‘mile of loTo 3,n\ prasp of fr-i.tidahip will )^r«e‘ ns ao
toM!* forfrcei*. we *reep teii*-.-) of kfif4aii >a*ta nor
Toor, taujt haw to ttie dsor»«a of » 7i|;M93as JaJ.
:»Tii with betrtg bat ^ubflood spirits aav, ••God’s
will be doi‘8.” T^'.f'rerore jt
E’8 *U:cJ, ipt. T.a.. la hi;j death our oountrv h*-i lost
f'ro of i»8 ^eflt e?!it€ra. ’t* % WQ^thy and beloVad bro
ther, a.-d hiii c.'irfrfs a datlfal saa.
RcselTe^. 21 Taat we doeply sympathize with bie
parctils and r«laiio»»3.
Bedolved. 8J. Tiat we wear the «aa%l bad«^a of
>r oar'3=*^g for thirty dsys.
Resalr.'*'},'♦'h. Th»t » eapy of these rsaoIuMooa be
PSKt to his f*«)i5r, aid a eonj b* forw ided to the Fay-
e-feviHe Obserrer for publ catioo.
Dr. Jno. Kibehar, Chm’n Com.
€o»federaie Tax rv»iice.
I WILL aUeatJ wiia t*ie A»R«i«or8 at the cffiie of A M
Campbell, from Weiai^8i%y Jaaca^r 4>:)i to Saturday
January *Jlst 1806, to racetve the Oanfederate Taxes
due Jamarr 1st 1865,
Si-eoifia T*i, (for L-cooss;)
Tax oa S !«s for the Q lartc-r an'^io^ Df!o’t 3Ij«t ip«4-
T!»x r-a ro^>, Pt' fi’s lai Pi'arSft-?;
A'idiiion»l FtX oo P.••oS'S by huyiny and Sii'Hni?
at anf rime ba^nreea JaVv igt 1863 aa.i Jan’y 1«’ 183-S;
AdJ\(iouai Tax on Pft.fi a eaue>;iliag tnrcaty-fiva per
oeat made dnrtn«; tae yeitr 18G4 by any oorporatioa er
Jcsnt stook oompany.
I would call tbe atteation of dealers to the following
extract ftrom iostruct'ons reofiived by me:
“Twenty dare arc allowed r^Kistered persona to make
quarterly retnms after the expiration of a quarter, aad
pajment on the tax is required lo ba oiade within iAat
^ R. W. HARDIB,
(Wtaotar 2M Dirt. If 0.
Dm io» iae& a^ij}
WILD PROJECTS ^
W hea fh any srisis of a oaiion’a fala aeo tf«
seen to loee their beads, and to look ail round
tbem in wild alarm, it ia a proof that fky at le&sk
are ftubduc-d: if the m^ss of their oountrymea had
Qot more' prcs^cc of mind than they have the
doom oi ail vfonid be o »r at hand. We seem to
liavo Some SLch irigbtfcnedcounfttllo'siq the Con-
fV-deracy at this iii&ai.-nt, a?id tbo«r wild ourori -s
grae and.jar dreadfully upo*» the generally calm
and rcs^dute tona of the cottntrv. They do not
belp, t'Uli hinder. T'^ey rasomble the shrieking
passengeiB m tbe “Tempest,” to whom tho Boat-
ewsin had to say, “You mar our labor: keep your
cabics: you do assist the storm.” Oae poblic
journal exhorts these Confederate Stateg to throw
themselves baok into the arms of Gagla&d, France
and Spain, the Powers whieh first planted ooloniee
hare—to go back like the prodigal s-m, to ao-
knowledge th»t we were young birds that hau
broke the shell too soonj to recant ail Aoso high
words ^*e have bad in our mouths for two or tfaxt*
fiieneratious, about liberty, rights of mta and de
m^cracy, and promise not to do so an j more. To
be sure the poor frightened creature tells us to
take this oocrsc, t/ wa ohould prove unable to
maintain our own cause against our enemies: but
to utter the suggestion, above all to utter It now,
is to say too plainly, not if we should, but whm
we shall, or rather inasmuch as we hare, proved*
unnble to sustain ourseWes; that is, teeing wo are
b^'pten, ov^’rmatohod, overwhelmed and ready to
sink, come all ye good Christians and rescue us
to yourselves as your vaasili aad liege-
subjects forever! Tbs blind panic of the writer
makes him even unable to see that neither Edg-
Uud nor France, nor Spain, nor the three combin
ed, would touch OS with the end of the longest
pole if we oone made so helpless an exhibition of
ourselves Nations are not good Samuitans: if
they sec a weaker brother fallen among thieves,
wounded and lying half dead, they do not trouble
.hsMnsaWes about his hard fate; do not even pass
oy on tbe other side; but explore his pockets, it
pcradventuro there be somewhat left to take away
from him. If neithoi Eoglaud nor Franoe will
90 much as recogniza us, not even knjw of our
"xistence, while we are vigorously bafBisg and
beating back gigantic invasions, ye»r after year, in
haughty relianeo on our own prowess aad a good
cause, and able also to oflf^er them advantageous
liianses and rooiproeal benefits, how would they
rect'iye sach an invitadon as this,—now that we
are siaking and pori^hiQg under the mighty pow-
.'r the yaukee nation, cow that we are beaten
and beggared, we pray you to go to war with that
option for onr redemption; and haviog reaeuad us
—BB w« have nothing else to offer—take our^
«olvo! »nd oar children for vaasals to you aad
four children: take tbi« laa-i that once wa« ours,
and portion it amongst you This will not do.
The al croative is not ofi^ered us, as the pinio-
s?:rickeo mort^il imagines—to ba colonists under
England or Frsnoa,—or subjects of-the yaokees.
\Vo have no‘ the choicc: the very proposal sug-
g'stsd to be made tio- thoae Powers would prove
that we were airtytdy subj igatad—would be an
-admisiion that wo had set up a pretension we
oould not support, and pro?oked aa enemy we
c.uli not pghf; aad they wou'd coldly bid us creep
back int-o tho -‘UQirn,’' and stay there They
Tonl l un^rrstand that the United States, (this
iJjnioderaoy unoe subiaod,) most be tha ruling
P^wer of the We t; they would be glad to cement
choir frioadship wuti uur onemits by treating u^
with ooatumely; aad would so endeavor to make
) general treaty aeUliag tha affairs of all Ameri-
oa, aad giving guaranties bach to Mexico aud
Jan»da.
Oae is ashamed even to refuse aad rebuke this
me*»n suggestion, begotten by terror upon igno
rance. it wouid be pl&asiag to t4iak should
uevcr hear more of it. But then thereliMiother;
ind not very dissimilar iu kind, or i/f orifria. Ao-
)th3r counsellor (who also, uf course, takes for
:i'rantod that wc are virtually oouquored) advises
to itiako Xnowu to Eirop.a i uaaoos thit wc ore
reidy to abjlisa sUvory; “t...at aUvt.rf shi'l aot be
pjrmittoi to p-f»ju Jiao our rosogaitioo as a oaiioc;”
lad we arc assured ih-tt tuis would secure rcoog
aition, and ptrhapi intervention.” It is ^ot
illOj’cd .hat K.igUn-i or Fraice, or tho (iovora-
a~.n* of eitacr, hai o/er said or ftiatod that they
wjild in*ke this bar;5ain: out if taey would, then
ve aro ex ior:ed to say that we wuuid. Now
this a*.ao, however the idea may ue mufflsd up,
l aiUQta ex^kotiy to aa ioviUitioa co Eaglaad and
bViUce, or ouc of them, to miie war upon the
Uui«.ed St‘t03, ia ordor to save u» iroai yaokec
i juaioa.io-i; and in return wa are to offar them,
vu^t?—the destruc'iou of our labor power, whicti
vrould l»ave us-ox no use to tuem, to oaroelves, or
to anybody else. Is is said, indood, that this
would be a great coacession to the ‘‘opiaida of
aiaakiad, which is anti slavery,” and that the evil
coascqusnoes would fall upon the aafortuoate
aegro," whom we should thus b^ely abindou.
Very well, thoa it would be a most humiliating
confession of uefeac, and would aiso by them be
uken aa a oontossioa that we had d^se^'ved defeat.
vVe must not deceive ourselves; it signifies nothing
ro s *y, we woald rather givf> up slavery than be
ju^jjoct to thT yaukeea. So we should of oourse:
buo nore, once mere, this is not the alternative.
To give up slavery wou'd not save os irom b^ng
•^urgect to the yankces: on the contrary, when we
should have made this graceful coaocssioa to the
public opinion of Europe, then Europe would very
oertaioly ohoat us; and seeing that we were whip-
od, and the pluck taken out of as, would make
friends of our eneluy at our expense.
Wiiat does oar brave aroiy thiak of these
wretched outorica of alarm aad self-abasement?
They sound aa if we were shipwreoked already,
and driftmg oi a raft, waring a white flag to
every point of the compass, anxiously goanaiDg
the distant horixon, and oae crying io, herel and
another lo, there! The matter doea sot so stand
with us; aad if it did, we should ^ already lost.
Om* help and hope never were, and are not now,
iu Europe, Asia or Africa. Here, oa oar own
ground, we have tne powers and material both to
vindicate our indepeudeace aod destroy otlr ene*
mies. Then we will have no need to be looking
anxiously aoross tho Atlautio to see whether
Freedom is ab.-ut to dawa upon cs frooi the Bast.
National independence is not carried over the sea
in ships; where it grows, there it stands, like an
oak. It we tiave not here, within ourselves, the
whole of the elements of it, the materials and tho
spirit, tho body and the soul, then we shall never
see it, nover.—Richmond Examiner.
^ fjaptured —The following m^mbets of t^^e
Third North Carolina Cavalry, were eaptured
by the eaeiay at Stony Creek Depot, Dee. 1st,
1864. The list was handed to a lady by one of
the prisoaera, who was requostad to send it to us
for publioation But the vandiU burnt her home
the same day, which caused delay ii forwarding it.
Lt. Conly, Co. F, and Privito J. H. Queen of
the s^me company. Private Wm. George, Co. B.
Oorp’l Jones Co. K. Privies R. C. MoOotter,
Co. E; P. H. Smith aod W. H. Guthrie, Co. G;
all belonging to the 3d N. C. Cavalry.
Ra!r.ujh ' ottjederate.
/Vomo/e||>-Lieut. Colootl \Vm. Daridsoo
has been commissioned Colonel of the Seventh
Kegiment N. C. Troops, vice Coloael Ed. Graham
Haywood.
General D. H. Hill passed through Charlotte
on the 29th alt., ander oiders, as we nnderrtaad|
to report to GeoftnlBeaw^pued^dPOharieitoa.
CONQUEST BT IMVASIOIf. |
Sinee the oommenoement of the war, the yan«J
keee have propounded and apparently credited {
liiaDy theories for “crushing the rebellion.” At |
firdt they were eatirely coufidedt hat enough of j
Union feeling remained in the Suu U to roat>«:ci-t i
itself and restore Federal auibori y, wben the |
rroops uf the U, S Giivefnmeut were nenreuough |
to ierd •aeonr.igcm^iot and support. T- ey next i
comf orted theizisrlvee wiih tbe b-^li* t' that the dia |
position of tbe slaves to revolt would ror.dcr i j
neceesary that our armi bearing ol&c-sed should |
remain at borne, and that consequently no armies
ooald be put in the field to meet th^ir culooar:^
coming down on u^ from all direetioits. They
did Bot believe that we could odtam arms aud
ammunitisu sufficient for waging a great war.
They were aure that we oould not r»ise suppUe«,
and that starvation and famine would sooa cat
short odr efforts at resistance, and compel ns to
sue for peace. The anaconda coil waa to compress
the life oat of us. Then the Grant system
collifion was to wear our armies out. The«a and
various other tfanories of success ^ave kept alive
the hopes our enemy, but have each aud al’
ended in disappointment and failure.
Bat it is tho nature of that mercurial aad eau-
guine people never toaband.in a ddur ion vrithcut
replacing it with another. -Tupt now they rejoioo
in the ftgsuranoo that wo are lo be cotquer-^d by
the preoees of overtunning. Sher saa * eaocess-
iul march from t!io Mi^sisHippi to the Atlantic
has satiffied them that tbeir armies may veutnre*
to leave their bases and gU3bot*:S, and can po
whithersoever they please. They do cot stop ti»
inquire whether or not invasion is c.'nqu^st—they
Msume that to overrun is to subjugate, aod that
they have the power to overrua; and thus as they
destroyed slavery (as they fancy) by an opigrara,
they are about t> end the war (as they fauov
again) by a syllogism. But time will demon>tratc
the fallaey of this theory as of all that have pre
ceded it. Indeed, this has already been d'^oe
oonolusively thatoicno but the wilfully blind oao
fail now to see it. Sherman has traversed many
leagues of territory, but what foot of soil, except
that now covered by bis army, is subject to yao-
k»e authority? The alle^iasca of what solitary
oitixen has be won ior the Unicod S'ates? Who
IS there that proposes to abandon the war and
sabmit, by reason of anything Sherm'xa bas dorie?
Is not tho country through which he has papsed
iust as hostile to him, and ju^t devoted to our
oaaae now, as before he matched throu,;!;h it? Ili^
mission being to subjugate, would ho not fiod just
as much employment for his arias if he were tt;
turn back and relraoa tho track over which he
same, as if ho move in any other direction? Ua-
deniably and uodoubtedly thi^ is so. N ^y, m-'rc,
all oxperienoe has shown that tho effeat of the
tfyerrunoing system i^ oaly to intensify the hcs
tility and redoabie th-; zoal and det^rmioatii.m o*
tha people.
Nor does repeated invasion or eoatinuod occu
pation produce any other cffi.ct. Ljok at tho
Valley of Virginia and other districts that h^ve
Ocou time and again trampled by the desola in,'^!;
hoofs of invading hosts. Ia there any talk there
of submissioD? Is there any weaken!ag of affee-
tioB for the Confederate cause? Is Naw Orleans
subjugated; ia the loyalty of h^r people detacocd
from the Ceafederaoy; are their syuipathie:^ ali ’n-
atfid from us, or their hopis dead, or their prayers
juded, because, for nearly three y-'ars, they have
been suLjeotcd to yaakee uuthori';y? Who dmbts
that Norfolk and Nashville and Vidcstmrg ate
as faithful to us as when tho flag of tho Coafede-
racy floated over them? Not oae of them, net a
town or Tillag3 or homestead, mw withia the
enemy’s lines, but wouli bail with joy inexprei^si-
ble the day that re.^tored to jm to our mhrooe.
N^o length lima will change tnis feeling.
How, then, is the yankee evf'r to establish general
ind lasiing authority over these Scares? In these
wide leaeheg of territory, to invade is ni-t to over
run, to overrun is not to occupy, to occupy i.s not
to ^uhdue. Time, that is gra.iuall? and suroJy
leatroyiog the capacity of the c.ierrjy to r,a;3;c a
war of iavasiou, naa no po rcr to ohaago> the hearts
or sJ' ike the coustaney of oor poopUv Wo are
repeaiiug tho se?n8s and experieEcc of tbe Revo
lution of ’7ti, with tie fHfl.:roace in oar fav ?r that
whiie our ancestors were generally uosuecrsslal
*Q battle wo aro generally eucejssful O ir an
cestors woQ tiioir independence by eodurance.
They learned “to snffir and to wait.” Tnne aad
♦ho impo5sibifity of occapyjng so ex.enoive a
territory overcame and defe-iteU the iavader then.
Taey will infallibly do so again. We must strain
!very muscle to moos and toil the ea.*my where-
jver He m*y appear; but wo mast, wit.^i a si’ll lu-
T^Dser purpos“, school ourselves to bear uoflineh-
ingly all the misorios that a powerful aad relent
less foe caa inflict upon u^. Then our cities may
oo wrested fvom us, our lands wasted, our roofs
bainsd, oar armies shorn of their strength; but
the fortituioof the people, impregnable toa?&ault,
iod.'straotibld an«t iaviuiiblo, will survivo them
all, aud assure for as a triaaiph ai glofivus ior
the virtues that have gained u as priceless in the
oenefits it wiil bring.—/iici. Waij.
Supreme. Cou'^t.—Opinions deiiyored in th^i
following cases:
By PfiaiiS'iN, C J Ii Harris v. Hoarao, from
3 ;anly, jud^:uent affirmed, Iq St^te v. Mcd.iu,
from Muvkleabiirg, error, venire do novo. la
Worth T. Oommi’sioners of Fayetteville, from
Cumberiand, disioissing the bill. Ia Picket v.
Southerland, all the ohUdreu, except M. J., take
a share. In M. White’s ease, (habeas corpus,)
remaoded.
By Battle, J. In Hix- v. Fisher, from Hay
wood, appeal dismissed at appellant’s oosts. In
Hastingj ▼. Earp, from Wake, ia equity, declar
ing the rights of parties In Smith v. Bank of
Wadesboro, in equity, from Richmond, deoree to
'be for plsiniiff. And ia the followla^ on Habeas
Corpus: Bridgeman’s ease, peticiouer remanded.
Sinolair’s dkse, petitioner remanded. Pailpott’s
ease, petitioner remanded.
By Manlt, j. Iu Riley v. Buchanan, f»om
Anson, judgment affirmed. Iu Slate v. Cock man
from Moore, no error. In Scott v Fite, ia equity,
>rom Gaston, declaring rights of parbics. Aud
in the following on Habsaa Corpus: ivl Goodson’s
oase, petitioner diso'nargAd. H.iaweirs cas?, pe-
tioner remanded. W. R- Clark’? ease, petitioner-
remanded. R. H. Smith's eas'e, p;titioner re
manded. Upchurch’s eaie, petitioner di.3chargod.
Suprems (7o«r.—Opinions delivered in tbe
followiog oases:
By Pearson, C. J.3—In Patrick v. Carr, in equi
ty, from Greene, demurrer sostaiocd, bill dis
missed. In Coley v Ballance, in equity, from
Wayne, directing decrce accordingly. In J ones
T Clark, in equity, from Elgecojibe, error—order
revereed-
By Battle, J.—In Wood’s osso (habsaa corpus)
order reversed, petitioner disohargcd. In G. H.
CUrk’s case, same. Ia Blanch v Goddin, froai
Halifax, judgnoent reversed and jads^ai ;nt here
for plaintift. In Herring v Kornegay, ia equity,
from Wayne, decree for an accouat. In Jeukins
T F*aloon, in eqaity, from Hatiikx, demurrer &U3-
ained and bill dismissed.
By Manly, J.—In Lane ▼ Lane, in eqnity,
from New Hanover, deolaring the rights of the
parties. In J. Casey’s ease, remanding the peti-
tioner to Uie castody of the offiscr. Ia Ga lry’s
ease, tbe same. In G. Casey’s ease, the same.
In Cox’s ease, jadgmenfc affirmed—petitioner to
wnaiB w (d tbs ofiear.-—Gmten.
TBB IVACDATIOS OF 8ATAHIfA5.
We extract tbe following from a •ommunica-
tion in ♦he Charleston Courier:
Our for'ifications extended from tbe Savannah
River, some four roil»*f« abpve tiio citVi on oar
rr ht, to .he Little Og‘>ccbeo River, near th^
WA* vjiwg
The Jirti \ 'wtfederate ncrnmnt* of r*.
tions.—SuMA, Ala , D-c 30 —Tbe Reror*.®' of
tbis af'^'noon sayt? fh'^t a »fell kiiowa gi ntl.man
of Hunta^iilo, Ala, who 1«it tb t tl•C'* on f)>a
'28th, arrivco at Aievidi^n on »h? 29Mi, Win
Guif R-»lxoad. so'iip e^gh^ troay the ci*y, the Mlowisg
-n oar If ft. We held Fort McAlister, or. the Hood’s amiy Norr AUhtnia:--
WesM'ank of tha Ogeecbe*', ^ H-'ictr j «Jer. Hood, nv the «v.'oi .TUb hs ,7p‘r i. t’.,
the Gulf rMlroad. We alf*o bad Svroiig batteries ! n«jpbboThoo«i :.f N-f,bv:ilr. .s ri.4 .•= 11 i;
St Rt!** Dew between th« t vo Osrc^eheei, at j by tha cur'rr j, \vbo t-vi- ci a ht a-j j>on
Besnljp.u, Thunderbolt, Ciu-il!n’« ar.d | r,. c-tfr.rJ •>'  .--1 I;..- -
tToops 9*ati-ne-i ou Islo of Hop^ ^d WL-tniirih . f»i/ida»s Lh -o .cr-n -.cH.p.- .v&v
island*.. Oar newly erected fcrt'ficH-ens or rbr on j
A*v.
ail J Iffy.
irj l ur aroi/
i -- St vf - h
• n *if •- V
iand side of the city, 'v«re very j
b!e of turning bsc*k almost any kird r f j
I'lthoupb ttsey wefe not comnienoid till |
iShermaa bad nearly reached Mille’gcviilo. ■
3hc’'m»a’s army appeared before the.«r‘ vv r ■'i
ab>ut the 8»h or 9ih instant, acd on S^tRra^v.l
tha lOib, oonsiderabiC fighting occurred S.v j ^
eral sevexe a^saal^s were mxde, in w ie*i the j Hiio^’^i'l
*neiuy were signally repulsed. K -rly oa SutiJay | sou pois
morniug, tbe lltb, a tremcsdor.i c-'nnosadir.g
be^’*n acd was kept up for half iK.i day. it '^•>8
«u»ji>cB?d in the ei^y tb**t a boa^j er.ifftrt^in ut cTf;
going o:», but it proved to b'» onl / » g.‘:jier%loh^:^
ipg from tho hfavy gui^s on cur lii Oj. Sh' r^'> v
was in no condil;;n to attack our works. He | fjook oaf aod piohc
was scfcTOfl of aTnmucitioii and h^d oc h^vy others
as vs ell as oih*^,r difficulties in tl r way of bis «?iv-
in^ battle During tie fii^ge, » as'itiilt-s
were several l«meo made on pa.'tbalar poictj»,
'Witli a view 'f srorm'Tig our works and bre«kir?e
through our liaes, but ail theso were handsomely
repulsed-
Oa Saturday, the 17th i^s^, a flag of truoe was
seat in by Shermtn, demanding tho surrender o*
t's ro « e’'..,‘tl‘-,r ti
.’TV ovJ'y t-s;
11 -..I
I
i.i
; vfiv:.
^ fliofi ti 0 U
fftii-' t>00 J»a»ron5
'i hep >r •■i: t'o i  f ■'!:lf3h^Tr"rc£«ef d N’ Mh
A thon. !iy »-oiu.'i, »ud n'-cry u.«;>
anJ yjv. c-pa.l‘.‘ ot ocafins: » ’»■», '« t>»ir,->infc; i-.
 .'fPTr' 1 •• ' f
^ h.*i hfcd b ^r: ta-
-,r.Liii *;• regii-t-.'ma
point P sk. hot U ‘icy o.iKr?J y
retake noJ«» ;■*■ a** hta* d«.
‘•'i'en yiiDirf- KO'-ndf-. ih-
of.-s e Kan-* c~ »«s t>>e
Hh a's i>*«c»ur, l ot R. d»Jy .»ltce*ea tuem,
aod dsmajjrd tka
‘ M%j Ger.. N H Ferret b»»s been m..d.-a
Lieiitcaan*. GcncrM ”
Fi-'-m Sovth ’aroli',a and Ge:-r^ia.— Ricb-
MCND, January S—An ofiieial tel gi»m from
('harUston says that the yankee raid^.s a e re
ported to have retired fr>m the Memphis and
♦’lharleston Railroad going weiih WArd They kf;
40 wounded, G>n. Shobon b.idlv. The drmaga
the city, aad on Sunday, the 18ib, a reply j jQg,j b*. repaired iu ab ut 10 d.-iy*
given by Gsn Beauregard, refusing to comply | gcemy have moved in force to the south
with the demand Oa Monday, the evacuation ! jjjjp Savannoh River, and are driving in
cnmmecccd—the firtt squad ,romicg out about j pickets towiird Hardeeville.
mid dsy, another cau?e out at four P. M , and
two o‘bf rs at night. How rapidly the avacuation
was therpafter conducted I know not, except
from reports. It is said the cvaonation took place
on Tupsdfiy night. I fear all ot our soldiers did
not get oat Some of them were twelre or foar-
tncn milc^ from tho oity, while many were 8 miles
off Tbe«beaviest figbci^-g of tbe siege took place
Yankee /Vrirj.—Richmond, Jan’y 2—N*w
York papers of the 30?h ccntaiy Admiral Porter'a
rfficiaf report of the Wilmington expedition. It#
failars is aolcQOwledged, the Admiral sta'iaj tf ai
scsiraely anything went welliiom its fir«t mc^a-
ment to its unfortuntto  losp. The explosion of
215 tons of powder under the walls of tf^ r^Lsl
on Monday evening and night, the 19th. The* fort was a grand spectacle, hut pvi.ved uielcss in
eoemy were repuked in all their attacks on our j fact, the rebel gairison beiagco*; at all pa'alya-^d.
lineh; so the soldiers must have beett there a^d ! The bombardment of tho fort by the flcdi jrfitj
not on the retreat. If so I cannot pereeive how ! most sucoesBfuK but Poiter and Butler differ
it ii possible f^^r all to have come o«t by Tues-; greatly aa to it%effect Next iu the cbapter of
daj'nigb.% thotTgh they may have drne so. Wc • mischances oame the ex*^raordioary bursting of
had pevoral bo».'s capable of carrying f om 500 j i'X 100 lb Pa'rott guns oii hix diff r nt
to 1,000 each across the river at a trip, and a pro- 1 re?u’tiag In painful oa-u*»tieft and lo*s» Ci. c€-
tec ion b'ldg'i bff^ides. 1 dtnc®. Last, and mosi inipor»*r>t oi hli, tkL-t’t
V-?iy tew ot the citiEo^'s lofi the oity. Manv *'as no prcper o*-operatiou between the land a:, u
w uld h vo done so it they 0 old, but tVe realizt- tbe n .vai force
tio'i of their condition oamo ^0 » !i;+o It f .uid ; Adai'.ral Le^ tcleprapl’S ftfin Florence on the
t'em all unprapared, and|ef>.'ape iiopos^ible. I 27ih, t^at Gen. Hoed was cros.icg the Ttnr-eRsee
T/'tire was no shcrnative but tn submit to their Riv?r &t Mu ole Sbocls
t^riiblc f\te. The people were iu the dark as tc ' Tie eU'astcr N rth A>r,eric:u w;;s lost oS
was goinc; on. They booed we would' bs 1 F urida c. art on tbe 21.->t, aud 200 of the yaukoe
ab:-! to foroo Sher’nan to tbe ocast, either to the crew Tvero dra,vncd.
rii'hr. or to the left, and save tLe city, and in th'«
ociief, very little private property of noy d»?erip
tion was sent off Neither of the r,??r.‘?psp5r o&
CCS were removed, and all the material of bcth, j and fiives highly cncoura'’'ir^ ae uurts of h»s
including i co-ie^i ierablo supnly of paj er. fell ir,to ! jcto nth T7c.»t Virgtriii He claioig t^^ have
tue hands of tho enemy. If they remai.i there | oapturtd 2000 hoVck-S, 1000 mulc.s, and two rel>el
lon-i, ws may expect soon to them iesui. e ! E.litor»!. wbos*; 1 cr--e9 he seat ro I'-rs'c I?ro:?c
Gold I’lp advanced to 225i.
Riohmo.nd, Jan’y 2.—U S papers of the 31st
biy (L-1-. Gea. Stoncmaa has arrived at NsKLv’ile
yankee ne^fspaptrs from the oflieas of these
(litnerto substantial Sonthfrn j -urnR’e.
low giP-. II j fiays also that b«
bas recd'-red u“e’f-PB the Virjfinii “sl‘works and
lead Works U5s bosses, he saje, are 2000, killud,
wound?»d aud mirsing
-^.imiral Porter’s fl=?et ba'. cot returned to
tl ifflptoa Road?, and a \?ashington telegram of
Stfvannah —It is a reiuarkahie i#ct, that Sa
vannah hrtH baen captared ia every ivar that his
taken place on this contioenc, from tbe R^volu
aon inclusive It was taken by iho British in, ^ ^ ~ ,
IT78 from Florida, the paths through the swamps ( *" p«^rcct of tlia
having been betrayed by the negroes or a nesro. j forces under Porter disco&tinu'.og thv- bom-
The next year it was besieged by a eombioed directed by the GoverameDt
Frencti and Amerioan force, land and n»val. ^his Headquarters
xeneral Liaojla oimman Jed the America.-! army, i on the -8fh
sad the C-‘mt d'Eitaing the French fleet An ! Advices from Savannah to the 26lh state that
efforts were making -o intercept the rttreat of
I the rebel army before it oould re?«h Broad river.
' B igness in the oity has he-‘?n resaaied
Col Mulford will visit Riebmond next week ao-
mpt w B ra^ide to s‘ »rm th#» works It faxl-id,
ni Uouat Pal.t3ki was kilLd. Tho French and
Am?ricin OAmmsiudars quarr-l d, th“ siege Wis
-aisod, and rhe Frcaoh siiled baok to tho Wett
ladies, wnilo toe Amoricins marched ba.'jk to
CiiarJest^n, where, some months iater, they wore
iil takou prisoners. S^avaunsti ratnaiaed in pos-
pessioa ot ttie B.-itis’i to tae oioae of the war At
rhe c /mm^ncemo it of tha w« of 1812, it was i
ugAia taken oy the Brici£(h.
Iu a military poiac of viev, Savannah w^s of
uo V lao to U9 waa+evcr. As a port, it had boen
blockaded for two years. Toe morai exfeot ia all
chat tho enemy have gaiaei, and that is not much.
Raleijh • 'onfederate.
Yankee Outrages ia Vlryinia—We learn
t>*at Toroert’s soouodrels surpassed allothor yan
ked raidv^rs iu filth aad crncky to tli3 defenceless
womeu, negroes aud aged m^n ia their late raid
thonga Malison. Many re^p^etaolo women weie
violated—among others, one poor girl of remark-
ible b.’au^y, who h-id bien lately married. The
chiev’oj tojic no tiegr-^os aw^y, bat sLripped them
of their stioes, b antets, oediing »tnd all elothiiig
tiafc WiS «ortn having; much of w.iich they Wcro
Ui^aole to carry away, and burnt or trampled in
the mud after rafeiug Ail foo i was deacroycd;
boa's s urat in al'* Uirootiona. N»turaliy, tni-se
CTwa/ds ran like sueep, taough six thousand
strong, before a single brigado of L >max’s cavalry.
Richmo id Dispatch.
Mining Ope'atioM.—We learn that the Gor
gas Miniagaad i.tiaauf4Ctaring Compauy has been
organized with a suoscr bed capital of about
-i$l,000,000. Tbe folljwiug geatlcoion of known
eoterprise and business taleot are the cffioers:
Col. J. M. H^ek, President; Wm. L. Brcdie,
General Sapcriate^dent; R. H B rvbr, Superin-
tKudent; aud P. T Norwood, Treiuurer. The
Gojjpany is to op^rase at Gorgw, onca Nit.
Cie^^’s hauls, on Dejp river, four miles above
Lockville.—Raleigh Oonserv-itive.
Elgerornhe. an i tSjtmpsjn —It s :ould be men*
cioned to tho praise of cho ooaaties of E igeoombc
and Sampson, that during the yaukee advance on
Bellfidld, almost o'^i.ry man of the Home Guard
oooipaaies of those oouuties, thea at Weldon, vol-
uutcered to orois tha State line and fi *ht tho en*
emy in Virginia.—Ral. i^onserrative.
Ptxr the S^ldi^.rs* Dimi- r.—We acknowledge
the receipt of 550 from Mrs. H. H. Potter, a lady
of this city, for the soldie's’ dinner. The devo-
tioQ aad patriotism of this lady will be the more
appreciated, whea we state that evory dollar of
the coDtributioa here mentioned, has been earned
by her needlo. Did bat a titiie of this spirit ac
tuate oar whole people, the independence of the
8ou:h could not be long deferred—Fet Ex.
Ta inelli'^-g under Lak^ Michigtn,—Too taa-
ael under Like M.chi^aa, a^ Jhioi^o, for the
pnrpcse of iutro luoia^ pare like water for the
supply .f tha oitv, is pr jj;r33Sia.5 at tha rate of
twelve feet p?r day. Eleven hundred and thirty
Icet are ilaishei.
At present there is nothiag taken out but a
sort of blue clay that is very much of the eoasis-
teuoy ef beeswax. It beoomea very hard as soon
as exposed to the air, aud iias proved to bo a
most excellent substance tor t;radiag.
Kiipom* to i^et,
Apply to Mra. U4Rtm&n,
at ike foot of Hayaouat.
Jaa’y 3.
thoriz^d to negotiate a ue-^ Cartel for tha ex
change of all prisoners.
A tjynopsis of the correppoodence between the
Br&znian and U 8. Governments in relation to
the Florida is published. The former «har!‘f't®r-
iics the seizure as most transcendantly wrong,
and an offjnc^ to the hoaor and sovereignty of
the Eiipire. S-’cretary Seward replies that tbe
President regrets and will disavow the proceed
ings at Bahia, will suspend Capt Collins and di
rect him to b*' court-marti-xled H,e will aleo dis
miss the Consul at Bihia But Soward says that
the character of belligerents accorded by the
Government of Brazil to the insurgents is an act
of intervcntioa in d/’rogation of tho law of nations
and wrongful to the Uoited States, a friendly
power The Florida’s crew he says will bo set
at liborty to seek refuge wherever they anay fiad
it, at the hazard of^ recapture when bovoud tne
juri.-idicfion of the U S. G.>v'‘rDmcnt
Richmond, Jan’yd —The W&S'jDgfon CSiron-
islo »i ih? is? ari/.ou ces the arijval at Beroi'id'x
on the 23d nlfc ef the bfocV;»ue ’•’jna^-rs Cha’'lotte
0>Til and Col L'iinb—the lirst wii'* If 24, th'‘
eood v/ith 750, and the la?t with 1800 bales of
citton
Hon Geo'20 M DaUaa, vice President of the
Unit'd States wl'jle Mr. P Ik was President, died
in PniUdelphia on the 31f=t ult
The Board of Supervisors of City of New
York have resolved ta rai?e 84,000,000 to pay
$1000 bcunties under iiincoln’s new call.
Gold closed in New York on Saturday at 227|.
The Fteet—Tne di^astors of t’ e yan kee cxpe-
ditioo against this pl^ce be^ia to be fouod out
As yet the reports are vtgse enough, bat we
think there is something in thcra. Rumor says
that tho fleet has returned to Beaufort, which is
likely. Rumor abo say«» fbat transports carrying
a brigade of negro troops were lost off Hatteras
also tuat a Regiment of U S Regulars wore lost!
also sixteen hundred artillery horses
We think these ramors are more than half
trae. The transports must have been hardly
used in the storm, and it is eertain that they bad
no borsM when th-y got here. We shall first
hear detuitcly through yiiikee paners
Wilm'ington Journal.
From Wettern North ^'arolina.^We learn
that on the 2d of December, a fight took plaoc at
Shoemiker 8 Gap, between Capts. N. Prlo-j’a,
Ross B and Carticll’s companies, and s mo d'^sert-
ers, tonw and robbers. They attacked our forces
from ambush, but were speedily routed and ce'
vorely chastised. Th.7 lost U kilted, 4 wound'
cd, and 4 were taken prisoners. We loit none
in killed or wounded. The woods w re fired
dunog tbe enga?*»ment, whi?h caused the dis’
fch»r^ cf a considerable number ot gans, that
had been thrown away by the enemy. Capt.
Jrrioe^ was in^oommand ot the battaliou, and dis'
‘liigaishcd hiaiself by ooolness and bravery, as
did his entire 5ommand —.ffa^ Confed
The Intermit on the Debt.—The whole expenses
of the late Administratiou of Mr. Bucbanan were
paid by custom house ^uties. I*, new requires
all that revenae, so called, to pay the interest oa
the national debt without paying a dollar of our
expenditures. The debt and tbe interest are
yeulj iaorearas with frightful rapidity.
A&amy (Jr, I.)