Newspaper of The New York Herald, February 10, 1862, Page 2

Newspaper of The New York Herald dated February 10, 1862 Page 2
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\ 2 KEW8 FROM THE SOUTH. Another Rebel Aocount of the Defeat at Hill Spring. THE ENLISTMENT OF SOUTHERN TROOPS. Seizure of Saltpetre by Order of tlie Rebel Government. A SCREW LOOSE IN NORFOLK* Secret Political Societies in Virginia. The Enrolment of Free Negroee in the Rebel Army. J * * " * ' 5 1 hi ' Wi hare rtetirtd the Richmond tkaminer of the 8th fc Inst., and othor Southern (robe!) newspapers, from which we take the following interesting ileina relative to matters In rebeldom. u ANOTHER ACCOUNT OF THE REE EL DEFEAT ? AT MILL SPRING. ol [From the Richmond Examiner, Feb. A] d! The enemy from Columbia commanded the Cumberland g? river, and only one boat waa enabled to come up with c< suppnos from Naehvi.te. With the eL-inuels oi e mmu- al nication closed, the position pecame untenable without fo attack. Only corn could be obtained f.>r the horse# and it mulee, and Ibia in aueh small that often cavalry m companies were sent out on unshod horses which had th eaten nothing for two days. The roads in every direo- na tion were extremely bad, and from the landing up either uj bank to the camp difficult to employ wagons; and, in nn addition u> this, the crossing or the river was bad in the sa small ferry boats used for that purpose. Description m would fail in portraying the difficulties of this position to s j one who * is not seen and suffered. co By extiairdiuary exertions for several days provisions wi enough bad bieu gathered to ration the army with bread, sh moat, coffee and sugar for two days?the 15th and 2llth. flu * On the afternoon of the 19th Central p, 7.ollico(fer remarked to the writer that the enemy on ought to be attacked, and on that evening General til Cnltenlen called a council at his quarters, with cr Generals| Zollicoffer and Carroll, and the colonels wi of regiments and the captains of artillery, and lieutenant gjcolonels of cavalry battalions, and it was there uaani- ca mously agreed to make the attack. e e Cpthefiist at hill and down it en both sides of the road ths enemy was in driven back before the impetuous charge of the brigade et of General Zollicoffer; and already he was ascending the be last hill to the crest. when the heaviest firing told where an the battle raged. He sent for reinforcements, and the fe brigade of General Carroll was ordered up. When in cc another moment it w.wi announced that he was killed, a el: sudden gloom pervaded the field and depressed the army. He had fallen on the crest of ths hill, the stronghold of cc the snemy, which he had almost driven them from, and a: which, once gained, the day was ours. It is said that the T. enemy in front of him in the woods, after a few momenta tl cessation or firing and some movement, was taken bv Ti him to be a regiment of his own command, and that hs v< rods up to give thorn a command, whan he was coolly fo shot down, piercsd by several balls. st Immediately on the announcement of his dssth, al Gensral Crittenden in person rode up to front of is the fight and directed the movements of ths day ai with perfect coolness, in the very midst of the H fire of the enemy, end where soveral were w killed around him. Ilia friends remonstrated against this W recklessness, and entreated him to occupy a lass exposed ct position, but he would not leave the front, and set on his w horse unmoved, except when a regiment would fallback at under the heavy fire of superior numbers, when bewould vi in person, under fire, speak to end rally the men. at The evaouation of the rebel intrencUmenta is explained to thus:? jB Then arose the question whether to defend or evacuate p) the place. Suppose we could have held it against the ai superior farce attacking? In a/no daps km wjuid have p beenetnrved out; and If. with their battery, which com landed the landing, they had injured the boat, arap* would hem been impoeniLle, and eur rentier inevilab''. Aga n, by taking Mill Springs in our rear, which could have been p done with a small fores, retreat at soy tune would have ^ been cut off; and It would have been vain to think of cut- a, ting nway out tn front, because, without rations, the army p would have been precipitated int a barren country, un ,, Ahln lit affrtrd nnv niiKsijtnni** wkutawaa Tea nenironl l Ivans trait* an immediate crowing of the rirer during th* , ight waa necessary, and a* tlms psrrnittfid only ^ to crofts the roan, baggage, camp equipage, wagon* t| bo. tsaaud artiiiery had to be left?a great sacrifice, but not to be estimated in the balance with savin? the army. B, Thi* bol t and masterly movement waa accomplished on ^ this night, and the next morn in* ?n-r oor on the south of tho Cumberland, anil the !. ? : amp Bssch u Grove. h( The crossing was effected during too ni -lit by the aid Bl of the steam l,oat S> bie Ml us, which had before ascended hi the river with supplies, and which was efficiently com- (1, married on this occasion by Captain Speller, of the ea .! ralry. The river crossed, It was necessary to mors somewhere In search of provisions and forags. If no enemy had appeared the quitting of this portion of Kentucky hal been gravely considered and almost determined upon, sod la a few days would have been compelled. It was impossible to move further into Kentucky from the bar- 10 renness of the mountains between that point and the ?' Blue Urase; and all the counties on the left and right and of the northern counties of East Tennessee were too poor to n< support the army ons day. With a vastly superior rorce w tucking, the movement to the Cumberland river at w Oainsboro, a point of supply, was precipitated?and to P' this General Crittenden is moving with short days' marehss. w ft TH* RE-ENLISTMENT OP REBEL TROOPS. Th# Richmond Examiner of lb# 0th, in an artiols on ra the subject of the re-snliatment of volunteers says:? *' The drsire of the twelve months volunteer to visit his " friend* at home is natural. It often amounts to a roof- s< bid pssalnn, seriously aSScting th* health of the soldier. " It is said of the Freach conscripts, under the empire, that thia passion took like possession of them, and, dl where furloughs wsre refused them, th* victim fre- f] quently died of bom* sickness. The surge->ns, soon dis- b covering the fact, granted leaves in evory case where th* P unmistakable 1 isticisness of countenance" betokened th* 0 preeeno* of the morbid longing. The result of th* libe- a ral policy was found to be tnoet happy. In every case ? the visit oompleUly restored the patiunt to health and w animation, and he soon became as eager to return to * camp as he bad before oeen to leavo it. * * d< But, he th* number of these re-enhttments great or small, the enemy will be apt to find a sufficient number 0< of brave .Southern men m th* held to battle and defeat their dcaigas The people of th*South have never failed tq their duty in this struggle, and they little understand the temper of th* South who think they have grown weary and will now prove recreant to the emergency. They hare much mora to fight for now than when they engaged in tbisc hlsst. It wo# then thoir political rights which thsy were vindicating; it is now not only freedom from s ruinous taxation and a crushing debt, but for evory principle of freedom which our race have boon wont to cherish tw sacred. _____ s< THE SALTPETRE QUESTION. r We have already announced the determination of the ? rebel authorities to ? !* - ell the saltpetre in the South. the following is 'he Secretary of '.Tar i order oo the lub- >. icol? a CoTTKDfUH St aw Of A ***!<-a ,1 Wab Dsfartxkit, rknuciri), Feb 4,1662. f v BandB of speculator! hsve combined to monoi>olise all p, the ealtpetre to be found in the country, and thus force [j, from the government exorbitant pricee for an article indispensable to the oatloual defence. The department haa tj hitherto paid pr ces equal to four tltree tbo ueual t?ace ra ee in urde- to avoid recourse to impressment, if pcee - n ble. This has only orved toemboldeu the specula- ? tars to freth exactions It is now ordered lust all military tl eommatv'ers in the Confederate Slates impress all ?alt. t] petre now or hereafter to be found within their districts, . exoept such as is in the hare's of the original manufactur- J ers.or of g.vrr..ment agents ant contractors, paying n therefor forty cants per i?mnd, and no more. The price ? lied is the ti.chest rn s< "Vich contracts have been u made, and leaves very 1 ,? pi lflta to thr manufacturers. a J P . .NJaM M, Secretary of War. The Jaekacn port (Ark.) lirald s*ys ?We learn from 90r friend Jo. Carlton, that be ships about a ton and a . hB'f of saltpetre every week to Nashville, to be made is- to powder Ho soon espeets to be able to vbip two a&d * three tons psr week. ? rHl! CAPTURE OF THE NAVY YARD AT I NORFOLK. f The"Roport of William H Peters, commissioner, *p pointed by the Governor of Virginia to make aa inven- t tory of pro;jerty taken from the United i-taua govern tn -iit at the Nary Yard, Goeport, and .a and near Portamouth. Va ," and shows that ths Confedsrates mads the i following gams by gstttng possesion of the yard:? rerrltsry 1236 900 i Hull dings and other Improvements a,was 460 Vessels 332 WOO tr,glues, tnashioery, Ac 210 670 T>lal $4,110 060 THE TOBACCO CROP. 7hs Piohmon 1 markst reports of ths 6tb Instant say ? Ilcivy shipping tjba:ci still commands good prioss, and be within th# past two weeks, shown rather an upw.trd ? "itiis.wn Uiluk, la mainly da* t# tba rait t ty Of inouar in tba m-.rkai aeaklnc oacnra InrcatP.antar* nbla to bold thair cropa ihould ooaalriar x Faoapi rani huii, tobacco la ragardad aa parl 'n isfcat inr*atm?Bt now praaaatlng. Bui for lb# w *'ui aga room lit Kithinoud, wa ahould azpaol to ? eontinna t? advaaca la Krary avail a liUca la tbia city la, howaaar , crowded to I la opacity, aan thaaa dia;>oead to buy ara rtslrma#i j * o .nidation. VIRGINIA, airrrg and dattb*im. Trom tha Kiobmind Dtepatob, Cob 4.1 r**? i 4 aorjo mouth- *?-? a Monte hlatory of tha on f t 1 ??t) ibi.a a,.<l Is'tarlaa In tha ?r?at wr rt of l cu t .rtaa, bolb ? L< r< ?ud In our own country, <> aawUk* II appeared tint, In tha great majority of Ml wn, veaaels of war w*ra -maMe to compete with atr >ng : aud foriirtonnoun. loan ihe war* of knglaud with the j ! -otloenUi patina#, an i id the war of tha American Revo>itm and 1812. there w u scarcely one exception t-> thia j ;?naral rula That auch done nut a??a tu !>a the expolenca of tha prnaeut war, is attributed by auaie to the niroductiuu of ileum and tha greater perfection tu tha nechantral agenciea hath of the ship and armainnnt, an I .lie more powcrm. aud destructive character of the ma tenuis of war This la an imitortan' subject in a count- J o aaaailabia by aaa aa our ewu, which baa no nary . and : jun only rely upon ila shore defem-a* to mtet the uurue ruua deata of an enemy who has the whole na\ y. so l the whole mercantile mar me, now armed, of the old United Stat eg at hi* command We confuaa that wa aara aaan nothing ia any of ihe experience# of thla war to change our oonric'ioo of the lupermrity of liurd fortification#, whan properly oou nr.cted and efficiently armed, to ships-of war. Tha introduction of steam and other naval improvement# haa not reversed the relative etrenth of fortification# and vaasala, though It undoubtedly reqoiree tb? former, in order to maintain their old eupariority. to be something more than mere earthworks, w.inout bomh-proof Dover ings, which, el Hatlerae and P#rt^ Hoyel were early reduced hy me vigorous annuo* ?i mc - wrbe conflict II PmmcoIi was lbo only fair illustration of Ih* question which the presort war Uu furnished [Tier* the fortiflcalioua ware properly constructed, the m?n were sheltered by three defence* which military irt has provided against the descent of shells, the (an* ivere of proper rang# end handled by skilful and practiced gunners. The consequence waa that some of the leenty'e mo*t powerful shqw-of-war war* perfectly rldlled by the fire of the fortification* and abandoned the oaiMt precipitately, having failed to Inflict the slightest ajury u|k>u the work* of the Confederate#, and ouly kill* ag ene or two men. We believe that the result would e ih* same in every similar engagement between shore nd floating batteries if the former ere properly built, rovkled with bomb-proof* and guns of equal rang* with 1* enemy, and manned by experienced gunnera, who eve been dk-oipliaed aud practiced to the skilful perirmvnce of their duties If the application of steam to ships-of war and athar aval improvements account for tho sticess of the enemy i his two assaults upon inconsiderable earthworks, how it that the great uaval squadrons of Kngland and ranc* were unable to assail Sebaetopol and other Rasan seacoaet fortiflcations with any auccesa, but e*me 7? worsted ta every encounter, whilst Admiral Napier id not even attei .pt to cope with Croustadtf Tt.are was isre?ly a sailing vassal in either of these raagnifl tut fleets, the equal of which in numbers, guns and 1 the equipment* and appliances of war. had never bora floated upon the waves. The single ship which bore ie broad pennant ef Admiral h'ap'er. tho largest and ost powerful war ship in the world, would be more isu a match for throe of the beat ship* iu the Yankee ivy. Every one recollect* the impression produced >eju the public mind of England by the inagniflcent ival review which look plaoe before A'mira! Napier iled for the Haiti*, and never did Old England sarin ore completely mistress of the seas thau when that vast uadron of mignitlcent steamships of war, led by the 1' seal flag ship o! tb* Admiral, Set Fail lor thd enemy's siere. It would be ridiculous to ocmpar* tho tlt'ty ips-of-war which c.'.ivpi ue tho Yankee uavy, and their ict of oid merchantmen, patched up for fighting pur ses, with tno grand English squadron of Napier in auy e particular that gives aiticiency to a lUplalfeaM Be*; in machinery, guns, armament and missiles, tws or gunners: and yat it came back to England ilhout having reduced or even engaged a sir.gio Rubin forliflcatton. We must evidently look to some other uss than naval improvements lor th* Yankee successes Hatteras and I'oi t Royal, and that cause is to be found the weakness of the fortiflcations, rather than in th* rmglh of the shit*. If Hatteras and Tort Royal had sen provided with proper defences against the shell id shot of the enemy, tho result would have been difrent, as it will be hereafter, if we do not neglect the imtnon provisions against uaval assault which have sewhere renderedshoro batteries invulnerable. We do not recollect but one single success which the imbined fleets of England and France, both in the B'tltio id the Black Seae, achieved during the Russian war. vat was th* reduction of the fortification of Kinburn by ie iron plated vessels introduced by Louis Napoleon, vat experiment served to dem .'Dstrate the capacity of ussals sheltered with that metal to resist the fire of the irts. Bit it is, of courso, clear that fortiflcations M tared in the same armor would he equally mvuinorule by ahipa of war, and an English periodical ha* tely argued that this dafence can be provided as readily vd even more economically for fortiflcations thau ships. re earnestly hope that eur government and engineers ill give this subieci their prompt and serious attention, 'a have our choice of Peusacola and Port ltoyal in ftrture iflicts between fortiflcations and ships. It is hardly orth while to construct coast aud river defences iueiely i slaughter pens for our brave soldiers, and only to into the enemy to make an attack in which he baa every ivaatage of assault, aud liilla peril. If wa do not wish build defences merely that they may be taken, and volve in their destruction the loss of both life and -eetlge, let us construct them upon proper principles id we shall have no future repetitions of Hatters* and, ort Royal. TI1K NASHVILLE AND THE TU3CARORA. [Krnin the Richmond Dispatch, Eeb 4 ] The English papers s,?ak with soma interest of ths ossibiiityof a tight botwean the Confederate steamer 'ashvill* and th* United States ship Tuscarora. whioh is rid to be waiting for her outside tb* port of Liverpool. 7c know nothing of the relative strength of the two sea Id, but, if thfjr approach anything lUco equality ia the liaracler of the two ship*, ih* numb?r and rang* of una, te., there need be no apprehension of the result, r* have no deaire to depreciate even an euetny, and, if i l* Yankees do not mak* a good sea tight, U id another i roof of the degeneracy of the nation since 1812. We ' -* inclined to think that they are no longer the Mm* wple even upon the water that thuy were in former tys, that there are no more H ills, Perrya, rbaunceys, cDonoughs, in the North. At any rate, we have high >pesof Captain Pegraiu If he can only lay his ih.p ongeide the Yankee vessel, end not permit her to keep m at long taw, but board her and bave a hand to hand [ht, he ia bound to win. The remark of the Fronch literal that "the bullet is foolish?the bayonet only In ] ie*,' baa a peculiar application to contests at sea. A SCRKW LOOSE IN VfXOINIA. 1 TO THK KIUTOK OP TH* XORTOMt PAT BOOK. Norfolk pay* into the public treasury a very heavy tax to cp up and sustain an efficient police system. Protection I projioriy is the implied equivalent for this large outlay i mouey, wrung from the people's pockets. It is the duty < the ciinstituted authorities to see that the laws are not < igbgently executed, or wilfully violated with impunity; < id to protect both person and property, commensurate itb the authority lodged in their hands. This, the peo- 1 e bare a right to expect, anu upon the failure thereof ] ey have a right to institute an inquiry as to the causua J bich may hsre produced an injury to person or pro- 1 irty. i This protection is in ih* nature of a fundamental gianiee, and the municipal authoritios ought to be held to 1 Uriel accountability, at least. Those who aspire to go rn cannot complain if an injured parly?the public? irutimze with plainnea* the acts aad doings of its public irvonts. W# are at war with sn unscrupulous and wily foe who oes rot hesitate?to avow a* a part of his military proranime?to arm the slave against his master, and Invite :m to deeds of rapine and violence?deeds that have no orallel in civilized warfare. For this purpoM he has set n foot emissaries among us to seduce them from thetr Uegiance and lay traps for their escape. Wc are within ficen tniiea of the enemy ' lines?covered by a sheet of iter?escape without vigilance is certain?the public ir is cognirant of these facte?the pubhe eye settles own upon thus* painful truths?and the public heart "piy leeis, is the loss of these " contrsbanua," the nesesily of a ft ion?a more eliicient and vigorous action. What shall that be ' 11- cares are Wvekly male from ur ritv to tha dnim? Bv what mra/ia m this HflnrtAd* hone who hare looked into the mittor say, by tho aul f sscret societies?meetii g weekly?la opeu d-iy?cm octing their hellish plana. Ia this known ? Oo ask vary man you meet in lbs streets, aud ha will give you n ominous shrug of the shontdtratid tall you it is vary rue. Other* gay th y are permitted to l<arn to read and rrite. In violation of law, right under the aye of those . ho ought to bo and are the constituted gnardtons of the ity.and thua 'hair infarnal p ar..*?others still, simingly more knowing, say ibfly are aided hy cinleaa iaa among na. But wbvro are the municipal autborlt.e* who promised rotoction' iJora then oao hundred have already astpe.l, it If confidently asserted. Have any slaps bean iken to tighten thp reins of government aud inaugurate mora othciant system? A few weeks ago a party of slaves were seised ! the ery act of escaping?with their metiers' gold m their icketa?arm d with plstcls '.nd weapons olfenalve and at'en.uve?carrying with them to the enemy a knowltge of our defence* aud eur purposes. A white maa i is found would have been shot?example is more terrtla than preoept?and a military necessity would have dewndetl hie immediate ciecuttnn. Doe* the negro deirve the lees punishment? What right, wa inquire, hare )ny more than the white man? Why turn lo< ae upon ns community the one and hang the other? We might ire the reason, but It might reach the aye of the Demy?we withold It. Indeed, It strikes ua as being ranlfeei that, onieea we rlflt upon the hoads of sucb Trndeif a severer punishment thaa we have yrt In.clad, esoapes will go oa, and tbe enemy will profit by ur IIJudgedhumaaity. Bead the account In tb* V?w Thai Flnum of the fifteen laves who mad* their eeaape last week?republished m he Norfolk Oaf Bonk, whose Argus eye for tb* public od never sleeps. Read what tbey communicated to the t.emy, and then divine, If you can, hew tbey made their scape. Fifteen men, worth tweaty thousand dollars, reat off together, passed the police and sentry, and tided onsets fifteen ailea ea water to reach their des iced goal! Who eaw them? Vo on el Where were the sentries as hey passed the batteries? Where lbs poll**, as they gathered together, armed and planned aad rowed away? If these d*ltai|U(BCt*s ar# to had batter trwaim l?w and a??k In lta? aaflfernfclft trrannw ,f the one that protection which c ciwtl government fails i? confer. W? do not purpose to arraign enjr one for fcltblcoenew In tb? discharge of July Ob the contrary, we de know thet tboee wbo here the mnuagvment of public aBkira here be?n active te enforce rery rigid discipline IB eraer to protect the peblie right*, but (her* U a (crew loeee low# Jure The public ere complaining, amd will exact e more rigid (cruttny into the ceuce of these dleeeterc, end tnet the remedy be applied to correct the grieraaoee of which the people cum) lain tbi mrwg or tbi fxdekai. victout in ranrcKT? thb stuiimt wbathxb?tub e'tnnmidb bxfxdiTION?1rnRBXTWHINUi OF TUX RK0KL8?OBI AT UKf AND i.itti.b WOOI,. [Special correepondenre of the f"harleaton Courier ] Cnrarraa. Va , J.?n 34. |M9. The new* of the let# Confederate 4rr>al in Kentucky has not bad that d?pre??ing effect which inay bar# been anticipated. In th* flrei piece, few understood the geography of ibe count r eufncleritljr lo appreciate the importance, If any, attached loth-: victory: ard.ijconlly, )he ac.ounte are yet ao meii.;re thai miner tluu believe f? ieral reuorts, Iba army believe* r.oihln-' it a I. Ag vtn, the ill, tance i( ro (Trent betv-eii Miaai in and Srmor??t, Ky., that, bo the consequent* gi aai or # mi-, the unhap, v Pnpr hhisM iuoldeat to s i indue*: r,aren-1 u, r t? Keener 'h;*o ?her would b . I id the erent traerpired on the other ndo of ti e Atlantic. the only tendency i f Uiat# evil tidings, tuereioro, will be to stimulate hi iW YORK HFHtALD, MOt> amy to retrieve our misfortunes, and uhow lo tb> world thai whatever may b < tlia waakiiaaa of our f<w cea elaewh re, hoie, at lea.>l, we are intact and invincible. We are nevertheless, soruly depressed, hut only o r .im the weather, which tor the last two weeks baa been a eucot-aaicu of cold storms, oonlinng meu to their teata, interruptuu travel, and disturbing aocial harmony generally There la. however, a<>ma coita dalion even tu this, and not utdTsqusully you hear lite groins of complaint interspersed with roiuart.a to thta ctfaut: "Wall, I'll bear anything in the sti?i>a of a atorm tf It will only swaiup the liurnaidei tpediuun and aeud the Yankaea to perdition.' And, by t eway,ihia hope b tda fair to bo real tied. Anavaloffi er Just from the vicinity of Norfolk inform* me that tor years he his not known a gale to prevail with auch ateady virulence upon our coast aa that which la now whistling about our ears, shrieking through the campe and wailing around thaooinere of our winter hute. lie aaya further that it is tmroasible for any but tbo strongest ships to liva in auch a sea aa ta douhtlesa running outside, much leas the small, Hat bottomed, badly lomtod float of schooners, tugs end canal boats, loaded with heavy guns, men and mcnitiona of war, which oorapoe* the Burnside expedition. Probably some of these have been ao fortunate aa to secure a harbor in Albemarle or Pamlico Sound, but a majority must have been driven out to seat, sunk or beached upon the sands of our coast. If auch bs the case?an l yon will hear of it before we do?truly Providence is itself "welcoming the invader with hospitable hands to bloody gravea." Though nothing of a definite character has been heard from the arniada, or its destination, the belief obtains in the highest military clrolea that its object is to cut off the raliroad system which is concentrated at Weldon or Ra leigh.and connect* Richmond with the Atlantic States. Meanwhile, tbe forces In the Weal are to strike at the Virginia and East Tennoaaee Railroad and other line* of travel. By thus destroying our channel* of communication and supply, and aurrviindiug u* with a cordon of troops, tbe enemy expeot to overwhelm ua in that "grand decisive blow" which haa been ae long threatenad and delayed. The plan Is worthy tha renin* of a Marlborough or Kl poison. It is hawilderlngly stupendous, and 1 think the Yankees will find it so. I,et u* take soundings and sea how, if euccesaful, tha plan will oparata. Buell is in Koutucky, with hia mighty host, waiting to advance upon Nashville. Zollicoffer and Crittenden have fallen back to Kaat Tennessee. The Virginia and Tennessee Railroad is thus in jeopardy. Seizing this, th* first part of the programme is complete. Buell may then turn his lorrea eastward through Kast Tennessee and Western Virginia, and threaten Richmond from the eoulbwest. Meanwhile Burnside has possibly located himself at Weldou, N, C., seized the rail* ad there, cut is i ff from the South and threatens Beauregard from that lirectton. Tlis moment Boauregard turns to defend bimtelf f om either of these armies. Banks and McClsllau make their advance from the front, and this totally isoitted and imprisoned, we are expected to fall an easy jrey. Shermau Is then to strike in Sou'b Carolina, Buter sei/e Jackson. Mississippi, and Halleck immortalize ilmseif by a descent upon New Orleans via tbs Father of Waters. Such, I am confident, is the scheme of the demonstraion whioh is, in the language of McOellan, to make "a ihort uud desperate war " Thirty days more will deternine the crisis. To bo successful, the Northern armies save in that time a world of bloody work to perform. If bey fail, the war is terminated er tuceuitale. It is the lying effort of the hydra headed monster, already strug [ling in tbe folds of dissolution. But will It fail? Tbe luriipi.le expedition?tbe key note of the gigantic uuderaking?has been dispersed to the four winds ol' heaven, label like, confusion is upon it. Looking to the past, may we not predict that Buell will neet wiih the sums fate, Picayune Butler do., Halleck lo., and that while Albert Sidney Johnston, Van Doru, Heath, Price and Jell". Thompson interpose n living wall >f hearts in the West, linger at Norfolk, Lovell at New Jrleatis, lee at Port Royul, Tatuall at 8avannah, Mngrutor on the Peninsula and Beauregard, Smith and Jackson ikrog the Potomac, will roll up their solid barriers of firo ind sweep back the red tide of invasion. Lot us pray jod that it may be so. Or late I have be;n favored with the perusal of many Northern papers, and in them all one cannot fail to be struck by tbe subdued, dejected and almost hopeless lone with which the condition of affaire is discussed. Even Greeley and his followsrs are earing In; Forney presets peace parties and peace overtures; Bennett writes tf financial thunder clouds; Raymond of a distressed and oppressed people; whtls tbe leaser editorial cohorts drop nto the Cimmerian gloominess of expression everywhere put forth. Complaint* fall about the ears >f Mot'lellan " thick as?Vallambrosan leaves;" lemocratlc State conventions are abueing Lin join as a pernuious aoonuonm, Beware as aa a monitor of poliilcal iniquity, and Cameron as a depraved cat;le dealer: the Investigating Committee of Congress are mrolling a scroll of official corruption which makes the forth stand aghast; government vaults are empty; rreasury notes are sis per cent below par; the people are ibout to be taxed to the tune of two hundred and fifty or Lhree hundred millions per annum, and all the el assents >f a political revolution are sullenly threatening to burv the authors and abettors of the war beneath the whirlwind they have created and could not control. Political complications are increasing every day. The English and French press, to a unit, are sympathizing with the South. The ship blockade is more then ever declared Inefficient, and the stone barricades a violation of the laws of nations and humanity. Knglish man-ofwar are tn almost every Northern port. A French frigate, the Pomona, is st Fortrew Honroe. and its officers rusticating in the hotels of Norfolk. (Rumor saye she i* wailing to go into the dry dock and be repaired.) Our friends abroad predict a speedy recognition, and have evej set ilia day; and, on every hand, we have cheering manifestations of the good will of ail outside mankind, rhe day star is evidsntly breaking. [Special correspondence of the Richmond Plspatch.] Nor vole, dsn. 31,1882. Thing* in Washington, Baltimore, Philadelphia and Nete Pork?Condition of the Cities and of the People?Historical Reminiscences?Services of Norfolk CitCens. I have very late end roliable Intelligence from the N'ortliera cities, end from Washington and Baltimore. Phe New York of 1882 is far different frem the swarming hive like, noisy, driving, dashing, thriving Empire City of 1880. You may perambulate about town now without any danger of being knocked down and run over in the hurry of affairs. Business is dull; the people complain bitterly of the contiuuance of the war. Real estate hae fallen in some parts of the city below zero: hundreds of ntoree are closed, firee occur frequently; the people are dissatisfied and restless, and the low rumblings of a storm that will shake the mammoth city to its deep fo.undatious are already heard. Philadelphia is a slow looking place compared to Its businesslike and cheerful appearance Id days of prosperity. Baltimore looks more like going ahead; but, lodging from the suppressed murmurs that art heard, there may ?.on bean eruption of the volcanic firea thai art struggliag for vent. Washington is a muddy place. An armed soldiery is the great feature, while the beautiful public structures of stone lorin a striking contrast to the modest looking private building*. There, the contractors, office seekers, end all the crowd of scramblers after nnney, are as busy as ever; but Washington too preients the sad effect* of tho war waged by misguided fanat ca and unscrupulous demagogues. If the historic chapters relative to the present stupendous revolution, which are to be read by coming generates, shall present a truthful record of tha events that marked the commencement of the struggle for liberty in Vl-ginia, some explolte in this section of our noble old State will be recorded as possessing vast importance. There are some names, too, still unwrittsn u| en the scroll of fame, that will descend wdii those of the b?ro?a of th >ae dayi far down the track of time. There vu a lima bera whan men hesitated, waited, reasoned, while tba plot wan thickening for our subjugation anJ enslavsniant. That brief period unimproved, end tba tramp of hostile forces would have been heard In our stroe'S; onr peaceful homes and altars would now be invaded, and the seaport of Virginia, unless its buildings bad agaia fed tba dames aa In "76, would have boon In th) handa and at tba mercy of the vandal hordes of the North. On# of tha enemy's powerful war ships wss so closs at hind that tba boatawain'a whistle could be distinctly beard on shore. Her great gnus pointed towards our peaceful dwellings, but her oflicers knew not of the determined spirit of resistance that fired the hearts of some who were ready and eager to step forth to lbs hazardous task of duty just when the deep toned muttering* from (tie black storm-cloud of revolt were first board lu the distance. In the report from the Office of Detail and Equipment to the Convent ion, by Captain Barren, there arc ullusluus to Important measures taken here relative to tba magazine, Ac , and the report may have been necessarily brief. A few additional particulars will not be inappropriate here. II was decidsd by one or two bold and daring spirits to rsmovo the vast quantity of powdsr stored in the government magsiine upon the shore, a mile below the city. And so well dovised was the plan, so cautieusly waa it eiac aed, bo eagerly and so rapidly, and yet to quietly waa the work done, that thousands or the citizens knew nothing of tbs important matter until ths labor was accomplished. Shall wo particularize with regard to those who so bravely and so carefully toded in babair of their country's benor on that night, when the explosion of a tingle packago would bavu been death and ruin, and revealed the plot by a wide sproaJ destruction? At tbs beginning of active hostilities here many of the volunteer olliccrs and men of tbe revenue, as well aa the nary cfilccrs, mist gallantly did their duty; and much might be satd, too, of that valuable class of men la e aeaport, the pilots.

Our esteemed fellow citizen,Captaia Richard Evans end Captain Osmond l'eterv, on tbs opposite side #f the river, nobly stood up to their duty in Spite of infirmities ana regardless of exposure. Indeed there seemed to he on band Just the mew wanted for the orcastoa. On tbe 20th of April, the day before the great Kavy Yard lira,Lieutenant Jaraee F. Mtlligan,a removad officer, took command of the Empire. Two days aftsr sue was stsamtng off te Richmond with ths first guns forwardtd from ths Navy Yard, end a fsw days later she again paaaed up the James river, loaded with powder,shot, shall, Ike. Returning tbe last tlma she had te run the blockade, which she did safely, notwithstanding sue lei two bargee in tow. toe mi nod tbo efbcieui nod nblo services of Lieutenant (now Onpuin) MiligaD, ibon nd stnoe, have boon deservedly opprociatod and uknow lodged In proper quarters. No one hu labored more willingly and untiringly. As signal oftlcer his ser< have boon specially useful, aud bis system of signals Is bollsred to bo equal to any that has been adopted. Tbo steamer Ranuy quikly fobowed tbo Umpire to Klefcrr.ond. and mdooil was the Qrst steamer that got off with a full cargo of powder for tfcet city, the was In command of Captain Will .am Kara, a Virginia pilot, who woo very prompt end stiorgotis in the performance of the Important duties assigned him, when men of nervo and action wars in ootnand far special soirlco. < eptatn R. K. Hudglno and bio worthy son. Lieutenant W K Hudglno, also of the revenue service, shwld bo mentioned among the best men in the stti ring ccenes enacted during lbs period abuded to. Otht r bra\e men were active In urging (orwaid then m n;n ?b > wore ao reqtii 'e iur safely, and u eee>l,ig the u fenrcs of our city end other parts of the State. (ktlbeiotb of April some o< our r.itiscas, tinder the very g nt of thf Cunibmls'il. s i*rd tb |, Tit b it*, t w.'d th in .the darkies of :b, night tma byt.efrr mi ih ii l c uigw.rshtu < umberlsri j, end souk them >'a eons' of t' i lver, where t toy m>W lie, roeec ,iej wie w.tcl.f <i foe 'hat krofcc wit i accye.pj * eye up u v ell guarded slio ee of Hi At *<io.lier time 1 mey allude to the or live part Uk*u rDAY, FEBRUARY 10, 181 by other*, resident here and elsewhere, and ( oneoted wvh ihe army , Ojh uivy aud iu private life. Now, time aud spare are lent TUB BNKULMKNT OP PKBB NXQHOBS IN KRBBLOOM. In the Virginia H mse of Delng.iUv. on tha 4th tn.-lant theacb,ert of surotlmg frea negroe* for the rebel aiiay the toll wing debate took place Wa copy tha official report of the proceedings from ilia Richmond fieri inner ? The biil unending tba Convention act for the enrol mam offraa negroes was, on uiotiou of Mr faiNis, taken up Among the amendments in this bill Ms i'riuca called attention to the one ullowiug ten cents for each negro so enrolled to the SherllTor officer bo enrolling them. He proponed to strike out thia union Jnuui and tnnert in lien of the pro| oaed compensation that if the said officer* fa;! to comply with the reiuisitions ol this law, they be subjected to a peualty of not less than fifty nor more thfin one hundred dollars. Aa those officers wors exempt frotu military duty, ha said, it was about as littla us they could do to |ierform the service of an- I rolling the free negroes of their respective counties as a part of their official ditiea His amendment was adopted. Mr. ltivrs proposed that tha ameudmonl in ttao bill respec ling the term of the eoltstmeut of negroes he amend- J ed to make the term ninety daya, instead of a hundred and sigbty His reason for this was the fact that the families of many of the free negroes so unlisted, having ttft AthnP ntiiana f\T a urtMllfi IB llflli IhAAtll lllU ClUH i tn bis own county, suffer very much from went. Mr. Pw.vcs agroed to compromiss with tbo gentlemen on our hundred end twenty daye. I Mr. a.vdskson, of Botetourt, hoped that the amendment would not pais One hundred and eighty days were only six months; and if white monoeuld be drafted for two years, he saw no reason why freo nogroee should be en titled to each charitable discrimination. Mr. Rivn* replied that he made the proposition from no particular friendship to free nog roes, if it were t* Am potior, he would cunvrrt tkem aU into tlavei to morrow. But it was simply to call the attention of the Houee to the fact that, In his own oounty, many serore oases of suffering had occurred among the families of freo negroes from this cause, and he thought that possibly soms alleviation might be brought about by the amendment proposed. The amendment was rejected, and the bill was then ordsrsd to 11s sngrossment. THE EASTERN VIBWNIA SHORE. [From the Richmond Dispatsb, Feb. 4.] Another batch of refugees, nine in number, from Aoeomac county, arrived in this city a day or two sines. The manner or their escape from the tyranny of Llnoolntsm is peculiar, as well as hold and hazardous. All the boats on the shore having been taken by tho enomy,our adventurers made themselves a "dug out" of a large log, und with this primitive vessel, tn the darkl ess of the night, crossed the bay, and reached the mainland in safety. Tuere is stills strong secession feeling In Accomac_aud Northampton i n ties, though stilled and kept down by the presence of federal troops. The farce of an eloctiou was held there on the 25th of January, to All tho civil offices mads vacant "by a late pioclamation of Go- , vernor Francis U. Pierpont," and we are informed that the Drummondtown precinct, which heretofore polled two hundred votes on this occasion polled ouly twentyfive, thus showing that tho people are not yet sufficiently subjugated to lend themselves to the dirty work of tho bogus governmeut, barked np as it is by abolitionism. We have seen an address to the voters, by or.s Uiltet F. Watson, who modestly says that at the request of a largs number of friends, "he hits very reluctantly consented" to become a candidate for their suffrages for the position of Ktate Senator. The document I possesses neither in >rtanoe nor interest, its prominent characteristic being > servile fawmug at tno foot stool of the federal tyrants. We have not heard whether he succeeded in bis aspiration* or not. The only civil office not vacated by the proclamation of "Governor''Pierpont, is that of Judge of lb# Kastnrn District, which, we are informed, Is still hud bv Judge Pitts. There are now here some two hundred of the regiment organized on ths eastern chore previous to its occupation by ths enemy. We hope some arrangement will ho effected by tin) War i*pa: iment, through whioh these men, who are anxious to fight for then country, lhay be enabled to presorve thsir organization. | SOUTH CAROLINA. THINGS IN CUAKUBTON?NEW 8H0I M ANHF ACTOBY? SOLICITUDE FOB SAVANNAH?TBI THREATBNINOS OF THE PKHKKAbg. [Special correspondence of the Richmond Dispatch.] Charlvton, S. G., Jan. 20,1802. We art having here the early vegetables?green peas and other eatables of ths kind. They are now to bo found in considerable abundance in the market, while the budding treee and the green clever in suburbs in dieate that ths balmy spring is about to revisit us. With mors than ordinary pleasure ws look forward to ths return of warm weather, as it will doubtless send sickness and death among our "Northern friends,'* wbe are awaiting at Port Roys!, hoping to pay us a visit. 1 went to-day to tee a la g? shoe factory recently established by Mr. Reynolds. All his shoes have wooden soles, and answer admirably, especially for the soldiers on ths coast, as salt water soon destroys leather soles. The ladies of this city bars formed a Christian Aseooia lion, inrougu wnicu vuoy ?ro uuiug m vionqu wvrt >u caring for th# bodies and aoula of our poar soidiars. la no city in tbli country are our noble women more untiring in their cflorta fur the army than in this city. As their husbands, fathers and brothers were the first to move in secession, they seem to feel that they should be second to n<no in labors of lore for the man who are making good the position of our young republic. Much solioitude it being toil for Savannah sicca IBs information received this morning of its being threatened by tha Lincoln gunboats. INTERESTING STATEMENT OP A REFUGEE FROM THE SOUTH. [From the Boston TtavuUcr, Feb. #.] A young colored man, nam?J Samuel Ripley, who, la company with a number of others, free and slaves, escaped from Nansemtnd county, Virginia, to Fortress j Monroe, and thence cnuie to this city, gives a clear and connected aroount of the proaent condition of o Tairs In Virginia, which may be or some intereat to our readers. Mr. Kipley is a free man, having been manumitted by his master, to take tiled at the age of twenty-one; but for some reason the deed was not carried into effect The cause of the flight of Mr. Ripley and his companions wis the fact that the rebel authorities in that region are Impressing colored mon, both froe and slave, into the Confederate army. In some cases the masters consented to par', with tnelr slaves, while others gruTibial at the prosoeet of losing their service*. The pursued was to seize the colorad men and put thorn In jail for safe keeping, where they were kept until a sufficient number na l been collected to form a company. Tuey were then sent to Manaacas to be drilled by whit* officers. Sis hundred .eft for Manassas a short time before Mr. Ripley left. Some coiored men escaped the impreesment by paying one hundred dollars for a white substitute. Mr. Rip ley and his companions escaped in a boat belonging to a white man, which bad been left on the shore. In this they embarked at night down the river, and by dayl.ght* the next morning wero off Newport Newt, where they wore well received. Upon one or two points our informant speaks quite decisively. He has for a number of months acted as driver for one ef the teams of the Petersburg cavalry, a well armed company of that city, composed in part of some of the leading men of the place. The time of this company would be out in about throe months, and be has heard th*m declare that no power would Induce them to re cullst, they had suffered so much. lie knew of two rcgttn mis of colored men in the Southern aim v. One was Irom South Carolina, seven hundred strong, and another from Georgia, one thousand atrong. In both casos the officers were while. The latter was composed in pat t of a set of perfect desperadoes. Neither of these, In his opinion, would re-cnlist, nor did he believo that a large number of any regiment now in Virginia oould bo induced to remain after their time bad ex pi red. In regard to another matter, he states that tho want of proper supplies of the nacossaries of life Is causing gieal -ufferliig. Tea was selling at ten dollars per pound, sail at seventy-five dollars per sack, and common sugar at twenty -five cents p?er pound. The crops of last year, in consequence of the want of a maiket, resulted in great iota. The blockade upon tha' point of the coast Is established for two objects?to keep the federal troop* out and the slaves from running away. They have a battery on Cedar Point, Nansemond river, aud another at Barrett's Point. Silver and gold hove almost disappeared from circulation, and all aorta ef substitutes are adopted, such at pieces of leather or cards stamped for five or ten cents. Tli* pay of the troops, at first eleven dollars per month, has been reduced to seven dollars In Confederate money. In regard to Union aentiaeot. If any ex lata,it is sup ertMtU UJ lear ino win/ uuwpAvu vuivu ujmi a,uvnu y Mr. Ripley it clergymen. At tbe commencement of the reunion one of the largeel ?l?Toh -Mere <u ia favor of the Union, but In a rbort t m.e he waa obliged to suocumb. The women were, aa a general thing, tealoua in famr of the South. The alavea throughout the State are wetl aware of what la going on, and if the opportunity waa odered would escape In large aumbera. They are eapeolally alarmed at tbe atorlea in circulation that In ease of another attack apon Manaaaaa the negroes would be put In front to meet the Oral onslaught of the federal troops. The rebels profeas to be confident ef success, but are terribly a'armed In r-gard to thi Burastde expedition, which they believed threatened tbe safety of both Norfolk and Riahmond. Tbey place great dependence upon the efficiency ef the rebel steamer Merrlmao, which waa reported to ba afloat bafora Mr. Ripley left. TROUBLE AMONG MR3. JONES' BOARDERS. Among the many " fur, y" advertisements in the late Richmond papers we select the following. It speaks for Itself ?Mrs. joncs belongs to una of the f. T. V. 's, and keeps a boarding house?not a hotel. Ono ef her boarders, ens M. B. Tyler, recently "stopped out,".forgetting to pay his beard bill, and Mrs. Jonas, ia retaliation, follows him up with lbs following truly Southern card, stigmatising said Tyler as belug a "Yankee," the most execrable nationality known In tho South. Whore Is Tyler, | the Yankee? Who struck Wm. Patterson, Esq.? Wanted.?To caution all hoarding housekeepers and others against a man named M. B TJier, who b> vrde ' iu | r.iy house till bis bill amounted tof3'J AO, without making ilia least efibrt to pey It, except by saying that killpected every dity ?rme money front a man of the?-rue rump as hlmxelf. named I.uko Moaeona. Said Tyler is a medium sized man, -'ark ilcir and hair, speaks q icjt, is alwej a 'alk ng nb? at m-ktir; thu'tsan '? of I, h? could only get mono/ suo niaka it wl!h? HiUii rig c horn In y mill In "peietton renly allwlntor I by nan eumme'^V at yboi'.j h ' *r-vn tty hu ' 1 ' ? ' " i- -. r ,iit ti. I. t | r te I, a? d ??. "t "thr* ?W of tt uv ot .u,.\ 1...* 1? ' * ' ' i < t h? t . 1 ?'ci. 'all -,r,? at -< ' So the t- >t ' c i?J v, . I 1 coat t i <v t ! : i | , n .. ? I r, J RirsitUixti 1 ' oi. tc ' 52. MI9CEIJ.AVE0U8 80UTITERV KEW8. O'KNKRAl. PI1.I.0W IN THR PIKID AGAIN. , The NttbUvillo Vtwn publishes the following oinuiuni ration.-?Itrigaditr uoueral CI. J. I'Mlow being advised of ? olianas of circumstances at Otduinbua, Kentucky bait | withdrawn his n-siguation. He has been very ill lor f>ome days past, anil in vory un ch reduced, b it will, as .1 eoon as hi* health will admit, return to his post or report < to Ueueral Johnston for duty. I Ot!S A. HKMKY, A A. General. SOKTHKKN OPINION OP OKN11RAI. BUTLUt. The Mobile Keynter and Adverlwr of Friday haa the following gosrdp about Ship Islaud'?Rumors have been ( afloat a day or two m the city that 1'ioiyune Uutler hail evacuated Ship Inland with the bulk of his fore.'a Icav ing only a gui riaou in that choioe anil lovoly spot of while , sand. He did not follow up his demand for I ho suri sudor . of Uilu*i, with the actual jMUtsnu/uxii*. Wo euapeel he ' >. = .? s <? masseu Dauerios tnai migui nive j boea erected between tliv demand and tho taking. Certain it is, be diiiD l couie back. He had achieved material for 1 n wsptiper famo at the North, and we shall noon hear of | th briliaut capture of a cotton port and tho a'm.cable i coolness and daring of the Massachusetts cold lory. Ad to I'ic g destination and the reason ef hia departure we are ' loft to doubt and speculation. Some gay that water was , very scarco at Ship Island and ricicncss very abundant, and that he has gon i to find plcasanter winter quarter*. 1 We are_eorry he ib gone, tor there isn't a man of Pica- , y uiie'e Knlnoy whom we should prefer to see en rouU to Mobile, sword in hand, than himself. INDULGENCES TO UNION PRISONERS. The Charleston ffeurier says:?Many rumors of im- , proper ludulgoncea to and communication with prisoners in Columbia are circulated. We know nothing of tho 1 facts of the case, nor do we deeire them for publication; i but the persistence and prevalence of the minora may deserve atttentlon from those otllclally charged with the care of the prisoner*. ARRIVAL OK UNION PRISONERS AT RICHMOND. The Richmond Dispatch of the 4th inst. says:?The Central cars yesterday brought down one Yankee prisoner, a i German. Wilhclm Earnest, belonging to the Vorty-llfth Pennsylvania regiment, taken by our pickets on the Potomac. Earnest represented hiinself, through interpreters, to have been deceived in joining tho abolition i foroes. He said be had only been Qv* months In the oountry. DIATH OP THE REBEL MAJOR KOOO. The Nashvtllo Banner and R-pul/lican of the 20th ult. says:?The people of Nashville were shocked last Sunday morniug on receiving the unexpected tidings of the death of Msjor Fogg, wounded in the late engagement at Mill Spring. It had been generally understood that his wound was not serious, though painful, and that be was doing well. lie had boon conveyed from the battle Hold over the mountains, noar Sparta, in White county, whoro he breathed bis last on Friday evening. Tho remains wore brought to Nashville on Sunday afternoon. An immense conoourse assembled to rooeivo them, in tributary homage to the deceased. SNOW 8TOUM IN RICHMOND, VA. The Richmond Examiner vt the 4th iust. says:?From halt-past four yesterday morning till twelve M. quite a brisk snow storm prevailed. But about one P. M. a drilling rain sot in, which lasted til! nightfall, with, then, every prospect of continuance. Tho snow, which coverB the ground, is rapidly disappearing, and the pavemenia nn l street crossings are in bad condition fur po destriang. POISONED QUININE. The Memphis AnJanr.Ke discovers that a quantity of poisood quinine has been introduced into the South by our onemios, since the demand for that dr g has be come so great. Several twekageg of quinine have been lately tested, and acid morphine was discovered to be mixed with the quinine in such a quantity as to render it poisonous. Strychnine was also detected in many other parcels. HATTERAS INLET AND ITS 8AND BARS. The Richmond Dispatch says:?Tho narrow sandspit which divides the waters of Pamlico end Albemarle Sounds from the ocean is nothing more than a long heap of shifting sand thrown up by the sea. The outside shore line is changed by every storm, as are the soundings near the shore, and tho inlets of that satidspil by those shifting sands. Thus we have no reason to doubt that Hatteraa Iniet carrieu over eight feet of water three weeks age, although Gen. Burnside's vessels, carrying over seven feet three inches, stuck fast in attempting to run through. Those terrible storms h*d driven tho Band from the shore line into the inlet. POPULATION OK CHARLESTON, D. 0. WHITES The Charleston Mercury states the white population of the city of Charleston as follows:? Males 13,139 Females 13,830 Total 28,969 Nnmbor of families 5.092 Males between eighteen and forty -Ave 0,780 Males between sixteen and sixty 8,130 Of the males 8,411 were born in the Confodorate .States, and of the foreign bora population, which amounted to 4,710, 332 are f Northern States, 1,771 from from Ireland, and 1,420 frow Germany. BLACKS. Slares.. 17,535 Free negroes , 3,764 Total 21,301 FINANCIAL AND COMMERCIAL. Sunday, Feb. 9, 18G2. Tin imports last week were unusually heavy, the aggregate, as shown below, being considerably In excess of the imports of the corresponding week of 1861, and falling but little short of the corresponding week of 1860, which was in excess of the average. The leading articles imported were aa follows:? Dry goods (chiefly woollens) $1,783,803 Indigo 201,304 Hides 100.858 Gums 144.004 Lead 82,741 Tia 171,417 Cotton 414,032 Coffue 452,478 Sugar 95.721 Tea 262,044 Wool 215,715 Here is all the information which Congress needs to frame the new tariff. The hulk cf the : articles above enumerated would he imported whatever the duty was; they may just as well be made to yield double the revenue they do. The export of produce last week was not as heavy as uBual, though a few years ago it would have been considered an unusually heavy export to have been made, without any shipments of cotton. Wo cannot expect, for the remainder of the win. ter season, to ship as largely of breadstuff's as we have been doing. The gold shipment last week was large. It is understood that it consisted chiefly of gold which was bought some time since, and has been waiting for cn advance in bills to go abroad. At the present market price of gold there is no profit on shipping it to Europe, even against bills sold at 114%. The following are the official tables of the trade of the port for tho week and since January 1:? Imposts. Fbr fkt Werk. 1860. 1861. 1842 Dry goods $3,563,327 2,022,073 l,785,s06 General march sod is*. 1,439,419 1,765,403 3,187,711 Total for the we?k.. >5,202,945 3,787,144 4,973,610 Previously reported.. 20,983,842 20,029,998 11.718,642 Since January 1... .$26,186,787 23,817,142 16,692,068 Exroars or I'aoorrr. and Mxrtuvdbs. i860. 1861. 1862. For the week $1,909,069 2,890,864 1,976,370 Previously reported.. 6,469,121 10,641,230 11,223,421 Since January 1 $7,378,490 18.432,094 13,199,800 Expoma or 1860. 1861. 1882. For the week $427 467 115,098 1,420,809 Previously reperted ... 614,732 312,624 2,705,363 Fine* January 1 >942,210 429.222 4,124,164 The banks continue to accumulate specie slowly. Last Monday they ahowed a specie average of 27,470,683, which was an increase of >780,856 from the week previous. To morrow they will probably show about >28,000,000, having gained folly Ave millions since tbey suspended. Their discounts will probably show a decline of over a million, while their deposits will show an increase of about the same amount. The new arrangement, by which owners of United States notes can take them to the Sub Treasury, deposit them there on call after ten days' notice, and draw live por cent interest on them, will probably remove the objections of all or nearly all the banks to receiving thie currency on deposit. This outlet provided for government paper, it would soem that any bank president who. refuses hereafter to receive it on deposit most '.>? actuated by tome Leae worthy motive than the interest* of hi* stockholders. At the same time*, so long as the note* are not a legal tender, the Ijonks have an excuse?such a* it 1*?for not taking them. In ordinary business transactions nc, one thinks of refusing them; but the** are Shylocss in Wall street who ar# every day compelling the makers of which they bavo bought in the market to pnv it in specie or go to protest. It will not do for {he banks to plnco themselves in the power of yhch parties as ; th'fle, and the only busiu??9 like remedy for the , | cnibvrraasmcnU of the siUmtioi Ja the pc JAge |,y ^ i t'1 " "* the legal tender/clause. Meanwhile iv. i T.t will derive asei^ance srul the financial , Vir. * of the city w,ilj be stimulated by the v 'ne'i.e i it cg ^,|,0 Huh-Ticasnrien at th's (; .1 if depejit. Tliongh It o ?.,< -iv. rdsyihat Mr. Ohco w - ' * n oive [Jr.'t*4 Stat?* notre rn # temporary loan, lie was offcred 1590,000?It U ooor' fidently anticipated that, before another week elapses, the deposits will amount to four or Ave millions. Whenever any bank or banker finds bis supply of notes accumulating beyond his wants for circulating purport a, lie will now take his surplus to the Bub-Treasury and make it earn five jier cent per annum. Tins new Bub-Treasury regulation is destined to exeicisc a marked influence ou the mouey market. A week ago it appeared that money was destined to fall in value here. It is known that, in London, call loans are not worth over V/% per cent per an num. It was reasonable to suppose that a similar plethora of money would sooner or later begin to be felt here, especially as the supply of currency I was about to be increased by large issues of go- I vermuent paper. But the appearance in the money market of the government as a borrower on call at a.flxed rate of five per cent will operate effectually to maintain the price of money. The wants of tha Treasury are sufficient to absorb all the floating capital in the country, and borrowers on stocks aud mercantile paper will find Mr. Cisco a forml dable competitor. In the opinion of leading uioney dealers it is hardly likely, so long as tha Bub-Treasury pays five per cent for temporary loans, that the rate in open market will role below six. Nor is It probable that capitalists will want to buy paper at or below five per cent, when they can obtain five for the temporary loan of their funds to government. At present call loans are quoted 5 a 6 per cent, and first class paper at the same rate; long paper and names not generally known pass current at various rates?from seven upwards. The market is bare of paper in comparison with peat times; but the brokers report that there was rather an iucrease of notes on tha market last week. Foreign exchange rose yesterday to 114% a 115 for sterling bills, and 4.92% a 97% for francs? bunkers' bills in both instances. The advance is due partly to the recent increase of importations, coupled with a decline in our exports of produce; pertly to apprehensions arising frurn the passage through the House of the Treasury Note bill, and partly to speculations among the operators in exchange. Of these three cau3es,the first is the only one that is substantial, and a glance at the above tables shows that its operation can be but temporary. Our exports of produce, merchandise and specie are in excess of our aggregate imports, not" withstanding the recent increase in the latter. As to the fears which are entertained among oar foreign resident* with regard to the issue of paper money, time will show their groundlessness; and the operations of speculations carry with them their own cure. There was a time when they were dan' gcrons, as having a tendency to produce a panic* aud defeat the financial aims of government; at present they can do no harm. If speculation causes bills to rise above their natural price, wc may rest assured that a reaction will sooner or later cause them to fall aa far below the true point as they had risen above it. The following table shows the coarse of the stock market daring the past week and month:? Jan. 11. Jan IB. Jan. 26. M. 1. Kb. t Missouri 0's 42% 42% 42% 41 41% New York Central 82% 83% 83% 82% **480 Heading 35 87 % 89% 40% 40 % Erie 35 % 85*4 35 S8J4 3?% Michigan Central. 61*4 85*4 49)4 40>4 South, guaranteed 42*4 40>4 40% SO*4 41 Illinois Central... 03)4 03*4 61*4 80 M% Galena 08 08)4 68)4 *4*4 60 Pock Island 63)4 66)4 66%' 62% 62% Toledo ST 37)4 38% 40)4 41% Panama 112)4 118 113 112% IIS nudson Rlvar..., 40 89 38)4 *7% 88% Pacific Mill 99 99 98)4 98 99 Stocks rose last week, and, on the news of the passage of the Treasury Note bill through the House, the market became quite buoyant. But a reaction took place yesterday, and a decline 01 1 a 1% per cent occurred. The argument of the bulls is that the forthcoming issue of paper money must cause an inflation of prices, and that stock# must rise in consequence. The beam believe, on the other hand, that the iuflation has already been discounted: that the prices of railway shares are already high enough, considering the earnings of the roads and their future prospects; and that neither our foreign relations nor our prospect* at home are calculated to produce a sufficiently hopeful temper of the public mind to warrant expectations of a healthy upward movement. It is urged by operators for the decline that the new policy of the Sub-Treasury is likely to increase the difficulty of borrowing money on stocks, as a large proportion of the capital heretofore used by stock operators will naturally find its way into the vaults of the Sub-Treasnry. Opinions are unsettled with regard to the effect which will be produced abroad by the new financial policy of government. Judging from the unfriendly articles in the London papers, that effect will not be satisfactory, and it iB feared that when it is known that we are launched upon the sea of paper money large amounts of onr securities may be sent home for sale. Foreigners do not understand the position of affhirs here, and do not Reem to want to understand them. Letters from Kngland by the last mail predict that if we resort to issues of paper money?in other words, if wo persevere in attempting to put down the rebellion?we shall be set down us hopelessly bankrupt. and our foreign oreditors will proceed, without delay, to rescue what they can from the wreck. The Finance Committee of the Senate devoted the dav vesterdav to an examination of the Trea sury Note bill, as passed by the House, and will report to the Senate to-morrow morning. It ia confidently believed by the administration that the bill will pass in a day or two. Efforts continue to be made by the opposition to work upon the fears of the country members by exaggerated pictures of the evils of paper issues. But it ia believed that a large majority of the Benate aro too thoroughly loyal to break down the administration at Hie present crisis by defeating the only scheme by which money can be obtained for the prosocution of the war. It should be retnembored that to refuse to vote for the Treasury Note bill is to paralyre the government and to afford aid and oorafort to the rebels. The offence for which Mr. Bright was so justly expellad from the Senate last week was light and trivial, In a practical point of view, in comparison with tba conduct of Mr. Honrill, ot Vermont, and Mr. Bosooe Conkllng, of New York, in trying to defeat the Treasury Note bilL Had these members succeeded in seducing a majority of the members of Congress from their allegiance and killing the bill, tlio wheels of government would now have stopped, Mr. Cheat could not have paid the interest on the public debt due on tba 19th, all military prepare" ...u v..? o .wn t? VOBI WUUI* iJC tv < 'imv vv a vwua cvua&n, ?* nvum have bcsn impossible to procurr any more supplies for tbe amy or nary, and Cingruee would. in a abort time, have been brought faoa to face with an infuriated army of 000,000 uepaid troops. From ancb a picture as this the patrtotio mind recoils in horror. Yet this is tbo state of things which tbe efforts of Messrs. Morrill, Conk ling, Erastus Corn* log and the other members who voted with Val* lundigham and May were calculated to produce It is to be hoped that they will find few imjtatore In the Sonato. A unanimous vote in favor of tho measure is not to be eipected, especially as tho 6enate contains several members whose loyalty in at least suspected. Bnt it is to be honed that tkn majority will be so large as to satisfy the country that the Senate, like the Honse, Is generally sound on the great question at issue, and that tho adinl nis'mtion need apprehend no Are in the rtnr. It is obvious, at the same time, that tho amount of Treasury notes which the Department in author. | iscd to Dane by the act now before Congress will | he wholly in uTicient to relieve tho ntct aitios of government, if time is lost in ir.atuiing and pacing I the necessary tag IHls, In order to pay its way,

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