|)r^r^!>, the ,:^onth, antl thc ftiffinnioit of ~jt^ noii^d g r ninsnn al 1 tf lao^ rltkm)
j " ft B U A B K S
i'" BOTCE, 07 GBTEHVILLE,
f.V HOUSE Ol? II CPU ESEN TAT IVES
f.?' ^^ ?v
feoXJTfl OATtOT/tNA,
- jfjuN 4Jllliorii 1>RCKMhKE, 1802.
BiB'Tor'fimto Entlnrecuicnl of CotiF
jw)ftM%;Rundn being tbu.^peeUil
?r?ibr for oi:e o'clock, p. !?
J?T^ !* WtWoS In 4 former tone
- >u;Mn^VDit Commit We to *l?feh too UHI
Mr. llovujc wt?>cforrt'l, at well as tho Bill
* if Itol^m baro rtuttterf Ihetutitro,]
' * ** 'be Hww *r ltenfeeeutatJeee of the Stat*
mC South CarelWa, Toeeday, l>?cetaber Vth,
'A M?l,*the preceding report nad Hill being under
eenrideteUon, >lr.'J*mo? V. Evree, oi
; Creonrtfle. ?p.>Xe In aubstaneeas'foliow? :
i.Jjfr, Sptdkrr-? At |lw time I introduced the
, jWolutlea which hue V:cur?vl Ibis iavoratde ro
, Mrt from the < ou?n.iltoe of Wnji and Mourn,
* rnr "*t !U,ur# ,,!-t n'O'*n^Kir.iioB? af the
wftltlad bud Ueoa madc. 1 center Hint il'urrin~
M?fer?l month* tho |Pj;ui h.ut up^parcd, ty iuj
AAAfcd. to advantageous, that I *M ujiprjuA
^wlnei u haU net been nrepoeed. liotorc tho
Iitlee hywerer had acUtil upon the uiat>
honorable ChaLrta.in of the Committee
vilcgce and Klcfi'tona (Mr. Trenhoiia)
J ma a letter from one of (he wort dierbedflaancurs
af this country> ruggcsta
importance of such a (choiuo, and
; ltlln lo"kiting it V> (be attention of tbl*
Hire. -The morning nitu'r this report
(U wn? prerenteji to ihl# Mouse, the renin'
of the Sta.o of Atnliama. to which I
u reaflar rrferi appeared iu tlia (Jitardlan
rhjr. A'id a, paragraph in the Charles*
jurior of y nstvrdajy eopWd from tho
lord WUg, inform# uO Hint at as ciuJy :i
aa the fttib of Mavhut, the subject of
ronton of the Cuufvderiite debt, by tho
DtiftUiUa, wnssuggested to Cougruae by
sle id Virginia, accompanied by ilia renin
I i.tNhr hi'Mi-ut lu. the attention ?*r
?er Slate#. The .facts.tint# rcfemul t?,
with the iniiOiivioun approval ol" a Comof
this TZoiise, ha ve emboldened tuo to
our attention for a short time. thut 1 aaay
ipou this House a utodrure which I fnm
we-l ritrti iukrvst to tbu wltuM tlbvut
utid people. f
rupcr|iohtl observer looVs upon oar
t national ctrugtflu pimply in U>o ll>;bt
, . o. !> military achievement*. Till sbllilill of
?mr generals, the braVory of our troop#, the
K#nc???itful iseue of our buttles, these are to such
an one the Jfr< at objcot* of interest, niut by
th'Uj bo measures the fate of iho ltupublic.
* U'liot ih??e ?le ciitur,1 and thut largely, into tho
fasnc. none rnu tjucetiont without the men
whom (2>atl hii i gireu a# leaders, and without
/H troop* such it# hare never been excelled
fbr bravery er dariny, moro than ail. without
(bat surras# wlilrh, tin-It. r the blessing of (lotl.
' jhs* bare achieved, wo'uiight well duspuir, nay,
had brca ulrcady ruined.
SPfBllI there Is ?ns her power wlihdi. |hos*li
aimert uapcrecived, ail.. t? raorc d-eply the
,4. Sane# of thr centert?the-pow. rt>f tho purse
?a power in medern tiiMea that far exceed#
that af the ewerd, ntjJ, i'i fort, control# the
world. * It ba# long been r#eo;nlxcd In Kurepa,
ilia erovrncd head# of "which are completely
dependent up >o it. At ita back war ia
wade and peace is declared. In tkia lu-tiilaia
the present war. it# gigantic Influence
' luff b^eri toil. Were ft Ti?*t for Hip aid obUiocd
fKin Wall street awl ibo other financial circles
(ioiMtf fbe I'rusiduut of tbnt
Oevernmeiit nniW not continue a single <1sv
this unnatural warier*; op tho other hand,
hail not the aelioil of tlio Lank* of this Con
bittrtcy been Un?lH?ik and self-sacrificing
a?U hu. we verb already ruined?fly ing h?>fojo
our rtithlo.-e for?unable to lunlili onrestres
at all against the vnet host* which hsre
Mn ralaad up against u?. They who wield
the finance* in each sestieu have," In truth, in
UmIt grasp tho wslfsre of both, and we liavo
Mpa mot only too he proud oof. hat t.r We grateful
to, the beaks of this country for the alioiSjkd
confidence wbioiv they hare manifested
Aowatds our Government, aud the dotormina*lmt
they htve iktwn to rnotaln it et all ba*C
ards, er*n nt the risk of their owu fiuanclnl
j * destruction.
\ It is because the welfare ef the country is
I' twtse Indiseolnbly uultwd with H? Dntoeikl
prosperity, that 1 regard the measure before
^ as as one of the greatest ituporbtnet. It is in
* rain to attempt to raise arinios if, erhen railed
the held, tbuy can naltber he pahl, anp*>!portod,
clothed, fai-aor armed. To do thcaa
> things requires imatenWe ?. ~ With
T j*eesjK*uns finances, we can fight on amid, the
%raricn losses ahd reverses. WRh our fl1
$nvtL" ru'n' Mirttrnila* become dtmnrsllta],
K %u? esuprrs ;.f supply nre eut off, and the adH
wanting traad of (he iwradcr is tritimphnnl.??
P slow iotp^rtanl, then, tWM tbey be Inoknl after,
and if evils eTiatto th'Mthe cause'of thca?
evil-i. in.'! ihctr preprr rnuiodv, t.u ?<>iiglit.
H^Tkt liute has camA, ,Mr. Hj?j..krr, when ii
us iy ?*?t>K wen ?<? um9 wanrr. 1 in
MU condition ot our finance* id fo-nrftl, nii'l
jit nut f?r ilia rniuody .which we nave,
Si aetiMit'y he iipiinlliiig. Y ho .amount oi
xpendUuret haa already reached fire hun
I million* of dollar*. l)o gontlamen real
Uju^ ito they ,know what it mean* ??
Avar attempted la fat any other conin'vf
it. than that it i* a vunt rum m
I ay, beyon.k the ordinary inoenirn ui ca|
tinn? l?et )i? try iv. realise what il in.?
irdlita rf> the lata War "fa* return*, the
la talon of Sooth OarfMha, land*. nt^rot*
cjr at iou-rcft, abd tl.o various Other ilenu
nlad under that ifchema, wn?'*' little Ion,
i fuur'hun<lr?4 million* ?f iTMhrk An>l
Confederacy _hn* ?(>?tit five htiudrod milI
fit dollars, in (lie prosecution of the Wat
hir.^ It lean though the whole State a
?h Carolina had been blotted from tlx
ureca %f U>U CnHMttarjr. Nor can *<
r ? <jV?u?te wlfkt tho war haa actually a<ai
people, until an amuriite auvoitwlbe taboo
toll of. the vaat umooat or voluntary can,
1>li ' >* for h?*|>i?ol purposes, mined by lhi
glee innatly. of tho-nubVo women of thi
I, nc uf tb?i iniiTiiflaeot^cx|?aiidltarr* of In
i4tt,?h attlftvntf niut corporation* lu raUin)
equipping r, ,'inicuta for th# field.
Hd%> !*:*)(?"ft* linro Won our expenditure*
r dally on the Jwervneo. Our nnnte,
liUVff, article* of l"?'d,chdlilnjf'end amu:n
Mnivn nn) hi qnnureu wniie me K-iif
* aiOT ?C ??*?>? nrMMAo* on the orin hand. an J J
EL T?^nn Uet < nnvnry on the nth en, arc tncr * ><
I tM Our tnOtUtodooKt Jn k nuh?^m>~fp!d, |t n?
Wf thrpofuld, grr*?*? than thj fait.
fc" Xfcf. ?1?, n ?' !? ?* tbin w.ir eontlnnpe wll
W the ( trtmnut that tl>?y ? <> ru) <ipo I n| tin
R ri?k of li imnl tf?w the cih iut, and; perkap*
gr If. Www**. *>?? w ay way L
M- l>r whlett thia KNin iiy of.aaonaaarifa
K , and radaadmny tf <*.ur|>>!? > can 1m rcwodUr
?hy? the war la pmnrhUd with unahater
I 'VC* the honrta ot all will hn cheered rv?'l tin
W 'WW determined ri-n.ipnco rvi.J-1 >!. tf I
l he |wwv?t?t*,_? ? * interna. ' f j
Jf > nm*fc, Mr, rtfKnWer, tor tlm atnnant o
7?r oM'" " ?<?*?. l*t n* n?w J.v>k *i arw>th?
k wWt tha carraeey, it* great mx
'^^^eeenl ta^^he*
:-V>| "kftTr'* v.- *% ' ' '*
=? " . J - <t*rd,
Confederate nouf are mv worth hut.. ?
little ever thirty t?nU ?m the dullari ! H to
Ui wondtrvl *t tlwt (irleM m hi|(h. 1 The
ano who aetla i? obhuod to got mom than three
time* whet en article i* worth in hard money
to eecpra.|/a ralno in that money. But there
h MtUtJr Uurrcnoy which may he ogaparvd
with that of the OoTcrntnent. I refer to the
bill* of the booh*. They are uOt redeetnnhlo
in epochs, aad yet abll fur a premium in Cou<
federal6 Treasury note*. I take the fellowthj*
quotation* of premium* from the Rlvhiuoud
Oirpatch of December 0 : /.-J
Buying price of Brwkera. Selling price.
Bank note*?Vir{i?ia...t.ni B to SO
North Oarelina...30 do. do.
South Carolina...IS do. do.
\ ti<.'jr-i?.... 33 do. do.
Nay, air. I nih informed hpg taoal rcapeetablo
broke* of thin eity, that bank noloa have told
here at a premium of 3u per cent., and ikdt in
Alabama and Statea further Wc?l, they will
command 40 t? 00 por cent. When, air, yball
I una cuu r -j no nanus or ino uqnrcfiorooy arc
( linked to the Ijtte ?f tlvo Ouvtrnuu'iit ?with it
' thdy oro destroyed, with it tbejr lire. Nor
<i?n (Miy satisfactory explanation ho Ki?cn,
Mor* tho unlawful uwi of tb?je notes for pur*
; |i'i?n of tr.ule with our ouomui, and their,
scarcity, arising frmn th? hoarding of thvin by
parties from un-ro or loci ap)?rdicn*iou* of
final ftilnre. Either of tliese motivei is <li<gracolol
to tlio true patriot, mid deserves Itio
umst serious reprobation of ervry lover of fcis
country. Vot with all thin, tlio fact of tliii
depreciation must bo noticed as a fearful evldencp
of tlio want of proper valuo in tho part
?'f the fhinfederat* Treasury notes. Irtanulbt-r
inuuncV, very similar to thai with gold, may
tho doprcointion of this currency be recognized.
Foreign exchange, commonly sterling, has
generally rated at a small advance beyond
gold. At present it commands about the name
premium. The last rules of which I ha<*o
beard, ware at one. hundred and niiivU-fiye
per cant., or two hundred and itlitcly-five
dollars lor owe hundred. Doubtless, however,
it him risen since than, for it hm^laUdy been
riling rapidly. Indeed, tho price of gold at
lliclituoiid fixes the fact that sterling must bo
at a premium of two hundred and tvrcnty-fivo
i per cenf. t .
Tho rapidity of this depredation la nlso
worthy *of attention. In September, iSfil,
awernl months alt?r the war had commenced,
! acute time' iudoed after tho haltlo uf Man asms,
j the current hiits of tbuwouutryavere. in a souse,
! equivalent to specie. Thou-sh the banks bad
I suspended spscin paymanta, thoy were yet
furnishing their customers, as a mutter of favor,
with specie In small gounliiics .it pur.?
Hut the depredation began ; before Ohrismust, I
specie win worth about twenty per rent. |
premium ;.before April, IKrt/,-It vnu at- tit'iy |
per cent.; and thus has it gone on unlit it has J
readied its present rate. In Septeoioor uf tins
year, sterling exchange sold at a premium of
simply one hundred find tsn per cant.; since
than it has riscfl at least ninety mure, if a t |
one liundrad and fifteen The dcpracialiou in j
this respect is alarming ; unless soum ai range- |
incuts can lie inado for such exchange, it will I
soou bo at fivs huudrad, nay, who can tell tin t j
it inny sot yet reach five thousand.
The depreciated currency thus referred to is j
an evil to all parties. It is true that those |
who tre mere producers get a larger price for I
I all orti.-Us. bill ll.ul r.rt.... I? - 1 I
cixlcd ciirr?onjf and I lie iucr??M <?t* price sub- j
jeein iU recipient* to the murmur* of t!to consumer,
ittnl the charge of extortion. Oil the
other hand, tho consumer who iloeit not produce,
fiinli tho money which wait formerly
porliH'- a? niuple support, now incufiicieut,
wren with the most rigid and pint-lung economy.
il? ha* to receive nil dividondx. interest
nntl income of any kind in u kind of money
worth only one-third of what he should hare
riwirrtl, whether estimated by gold or ty the
urlicicx of cmieufuptieu it will buy*. If be l>e
one whose whole incotua baa been flapped by
tbv war, and he bus to borrow nionoy now to
be heroufter paid, bo ia placed in tbu deplorable
e indiliin of one who obtains from a money
lender a loan to be repaid in good funds, hnt
winch he tiris hituaolf lo receive In paper which
he will do well to dispose of at one-third of its
face. That which 5* peculiarly unfortunate
for the (gov eminent Vs that it is in thia latter
category. It irgiving ita notes payable at a
tutors day in gold and silver, and roceivo* far
theut articles only at the rules produced by
this deprsciatloh.
Let tic look nejft lo tiro entice of IhU tie*
pt ceiatinH. The first and most manifest one
ilint t|ie Governlb-ut Issue* are not redeemable
In gold and silver. This is selfevident,
yet it ie worthy of notice because
it helps tic to'arrive at the remedy. It ie
the cause that ia at the found*turn of the
whole matter. The nearer the issue# of tit*
Government ere put on u apieeie basis the j
le-s will l>o tlia tie|M-cci?tloss, and tbo lower '
will lie the pi ico* of all commodities tun.
we must not deceive our??*lvee hy supposing I
that this is the only caoce; were there full j
minlidenee in the (>ovi-riinient there would I
' b? ro mod of a constant interchange r.f gold i
and hills for each other. Hut. here is* ronl
1 difficult*, and there is no nee in den vino if*
( I there i*"n want of thin tilth confidence of
11 miccco\ which tdiotild universally prevail.?
I ! Therein not should ho th?- deivniiiutt|iun
to sink or ewlm with the good ship <>f
f State. Men mo not keeping or buying go!.I
to iwe it, but to hoard it The hoop of ouch
one 1* that if wrvck ehould come lie will he
uhle to w>Tt euitiethiii** at least of the propcrty
he formerly had. Thi* same idea prof
viii.4 as to hank note*; they are ut l?-ti?r, to
tiiv?e person* think, Safer than some o'her
curreocy. 'The time will coma. say -t?ie*e
timid gentlemen, when no other hid* will
| tie In kin hut bunk note*, unit heiir* we are
, .putting up a few for the-u'eo of our fmnilii*.
I Away with th? unfounded doiibl?Slice*#*
tntiul our* or we niu*t be ex term Singed in
f the etruggle. If tny country die* I w ant no
r more Hfo, no more happiness, l?-n#t of nil
i would 1 autre from the vrrcok the final I pit>
t if live that may t It lie he Concealed from l)ie
' jCra*piriig baud of Northern despotism. Onr
ly thus ran the true patriot ti-el; ylt we
Hltwt realize the; funr ttiut 1 have referred to,
iifnl if jHi??il*le, take odvuittoge of it for lite
U-ntHt <>/ oup country. ^
f A third eettea of depreciation i* the re'
dundnney of the flitiretiey. Thl* has nri.cn
, i from -the ni-feeat'ty the (lovernmr ni t- under
i j of betting Treasury ? ole* for it* civil und
j war expetieou, mid the inti?o*aibiiity ?f re
. tiring tlte** through Updr funded iU ?>l, All
I .(fork tint* In r*nt?iif* the reduudauav of
the rttrreney lw?v?* r*?ult?d it, *(. Unit *|>at-"'
tlnl Iwlurn, 'llta i'tumyf i hi* failure It iik>
. doul.tr J ly due trt wont of contidcnca in the
Government. Tin* i? evident from the feet
tint Stat* ?cpur|?ie? and individual hood*
ere jjr.-Htly In demand. While the Con
federate Government eat!* lint ?l?wly At
|>*r, hetida which beer eight fw r cent int?rvet,
the l>u?*h of .Stat en, prlftlo |mrti?a,
eiir|ti)rihuni And cilice, ok lower rtliv of iater?iel.'ere
tfior, The lu?k of *????
Iht.'Ace I ?j>o'>k of I* one entf eiidwrc- on the
{ one baud by the net am of the Oevtnimtiit,
Iend o? the other l?y ihe nippy.* d <jtia*tt??.
able w*u? of the prment war. It U fait
heme to ien< extent, but e*|>voi?lly Al'i'vujf.
; Kti/sipeeet hay* ?*?u oa? great Cnion oj)<
troy.d. and I hoy knew not when ihe new
I one wdlelen hreiiti into Arhginentt They an#'l
devotand not the homogeo.ou* character of
.four people?*?d the depeudcoce 40 each
*
f
;-Ji - - - - _ .III
other which*la Hit ?nor #? they r??liM I
they khvuM that the history of the put but H
been a lessen to th? State.* of this Cohfrd*
racy, nod that mutual respect for the right* I
of each other will not only mark a people
trained to arntlnr.enta of honor, hnt that
mutual Interest will al?o create mutual forbearance.
But the redundancy of the currency
la feat simply due to want of oonfideace.
hut to the eeeeaaive issues forced by
thia atale of affaira upon the Government.
Before the war the circulation of the country
for buajaeM purpoae* was. about eighty
mi II ion a of do'In re. The ieaties of the Gov
eranaeiit fhua fur have hern.
Treasury Notes. HJO.OflO.ftOO
In tercet bearing Note*, 60,000,000 *
Call Loan, nt- any time convertible
lute Treasury Notes.... OO.COO.rtOO
Total clrcnlatloo $390,000,6(0
tf-L! l_ It .1
( tuning in nu uiree iiuii?ir?<i nna ninety
millions of dollars which is cir?ulat?<}. The
funded debt gives ns wwiiiy four million.*
additional. hut is not current fund*. According
the estimate ol some *< nee<l
less, According to others more, circulation
lit titt? ?'f war tlinn In time of pehce.
Taking eighty millions us the circulation
before the war, we Iiavo no need for*hiori? 1
than one hundred millions At the utinoet
?some eny thirty million* would do. with (
the Additional circulation of the outstanding
hunk hills; perhaps it. would he enough, i
AnolheS cause of depreciation arise* from '
the tear of repudiation. The exempt* sup- 1
po?ed to have licsn set us by our revolution*ry
ancestors 1?a? had it * weight. ItshouM 1
hirvn boon remembered, howuvi-r, that Con- 1
tincntal Ijill*, not bond*, were their issue*,
and that the ctTcat should he, therefore, to 1
tend to depreciate the bill#, but not tin* ]
bonds of this Government, lint [ am yhi-l
to be able to mv that even is those davs
the!** was not nu entire repudiation. The
course pursued was to adopt a scale show
| lug Ills value of these bills in yob! and siF- !
Ver iii the various years of the war, thus
showing what the Government received in
Actual value for them, l'or the earlier ?
years the payment wis it pnr or very near- i
ly so. it was orly in the later years that I
heavy discounts were ohar-ed. Nor was it
until the lapse of many years niul the re- 1
peated calls of the Govornn.ent had render- 1
ed it almost certain that the notes iiad moat- 1
ly been ptiil up, that the Government, nftcr 1
dan notice, passed the ants stopping further '
payments upon them. The (Jmvsi nmeiil of
I then States will not, tlu-v cannot go so far,
n the contrary dollar fur dollar will he j
paid, at least upon the js-nte* already made. .
Unfortunately, however, a 11 do not f .-I lid* t
measure of just faith in the inlegritv of the. .
(J over I ment?au<l hence the sad deprecia- f
lion of its issues. , c
1'ioin this view of the evils it will read ily f
he perceived wlnt kind of remedy mtut lie *
s. eured. It must be Mie which will relieve (
l.he r.dundnnev of the currency, and. there- J
f ?r', mt: t he a funded deht. Again, it must j
hd sneli a funded debt that the Government
will be abb. at u high premium, to retire ,
its circulation. And y<-t further provision ,
nm*i i>e merle. wnieii will lurniili us foreign
rirliinge at chenpijr rules IIihii mo now
current.
Stic It. Mr. Speaker, is Mi* remedy pro
posed in the liill. it is that a fundetl Jelit
s>!i*'ii 1-1 iir created of two I11111<I1<<I millions
of dollar*?timl it ahull combine tli* credit
of ilie Government anrl ?lint of tee indivnltin)
State* and thut it shall b.? sold nl lioine
or lnoml to the highest bidders, In t-lti*
w i?v provision is made for such * !< ?of new
Government issues ns will command high
premiums nt lioino as well isfor llirenr?tiun ,
of foreign exehiinge.
Tits whole scheme rei'i upon Ike simple
faet llint ilia qpcuritie* o( liie Stale* ar?
highly valued both in pur own eanutry and
in r.urojH-. A Slate endorsement even ou
the bonds of some petty railroad is enough
to 111 ski them aril at a high premium. I
liave been furnished will th? following as
the present rates of Stile OCVUvltiws; some
of them, ns the Trnuwlff *'*, nre* really ill a
condition ??l half repudiation?tliat State
having refused In |>*y tin interest upon 1 hut
portion of tier l>?ml* held in the United
Stales unlet* soma erpiitiibl* an angemcnl
shall lie made between I he Governments in
the treaty of p-aea.
Tenner ?e C'?, (suspended) 116
li-IIIIM UIB |HOI)MOI? Rimiil 1^0 !
I Virginht . 1*25 I
Nsrth Car. l:n* G'n. (o d) | :;a '
P*?, (new). l*20 1
South CursTTbs?? *.. 125 ^
i ". vm
(<?:>r]{l4 f>?
| '? ...no i
I Wit have in this tAl>le mitfl signally .x |
i hlbited U> * tli? Isi.'li slats of credit of the 1
i different States. While I fwi-M is m, however, 1
J it is notorious that Hie t'onf. derate eight '
| par etht. bonds are as it wrr< hogging ft.r
, |otn*ltii4'rs nt par; y?t that if security'be
j ad.I' d to titnn, fiowevw*slightly, iliey"rire
| mnt?r|sllTlnyroTc<i, i?**?u In th? fist tint ]
J die fifteen milliny loan, heenuse there is
I I'Udg.-d f?.r it one-eighth'of * cost per |>ound
! upon all cotton csparte-l. is now selling nt
[ 110 It ltd* bfen thought bv to nc llmt
this is Lw*nnsc tlio <?nvi ii.mr'nt ptf>* itile
j rest on thin loan in specie. Jt is mistake. ; ;
I Its coupons nre paid like oil ntller*, onlV in 1
j current funds. Ai.J y?t hart is n aear.rUy I '
j valueless indeed lin'ru tile wnr shall TWilfj
! advantageous'?, which nt nnoe raises tlis 1
!-fvri<e of I In- bond* ten pis* cent. !.et the |
combination he made of Slot* nnd Confrde- j
j rnte securities. mid you havo bonds which
I cnntuH lie I lettered in this country. They j
' miftt tiring very high premium^; and the ;
isittc sow proposed of them will hot euly j
relieve the eounfry of redundant carrcnoy, I
loll will enable the OovcrMwtVni in n way !
Cerfeerfv honorable to pay it* debts at a !
eary diacotlnt, and to i*?eur? ample re- i
' 'sources both at home atui abroad for tta |
present vitleiHiiiS The billowintr table j
' will shew the rufca at which four hundred I
! and sixty mUlisns of currency .may he j
i brought ilswu to the iiinount' feslly Ueos*
j sary for trade. ('iroalsluni will he reduesd |
I 4^ . .-! a \e St HL. J. -..1 ? I
iu /i iiiAiertm rMWii 11 ?u? ?rf w?i?i (
| At t!ir rule* : A
' t2<Mi,.>oo.uw ni l:fo.will 74tlret24O.Ofl0.00A
' and !..?? $2'2<MX>0.<mm>; t,!tni,4X>o,04H> at 110
will ultra tMfvUOtlOOU.Hitd l.nva tl8",oo<>,- j
1)00; tiUU.tKXl.OiKI at 130 will ratire $:t<>0.OOO.OOO,
awil lcMVv tlll0.00fi.uoa; tdtNiiM).imotins
wilt raiir? $330,000.04)0,* >ti U*ve !
$1 $-JOOtU04),li4>4> at '2<>0 will rrliro j
t44iO.OOU.OIK> unci |. i?v?f >Wo,t??K>,4?00.
I Again. MlUiitf nt 0?>! ratvc ?lt#v. aoggaat- ,
cil. Ii?w ?b?'*[rlj <le w? nay mft our ,
i iJimi w itkwut dult?o?>r. but mm nirr? n?ntt?r !
I of liwaincM rvohaag*
At 1 |?e* ??4?t. * |?^y Mt R3 1 3 oenu in j
tin' dollar. t. * v I
' At 140 IW)r cent. *? pay nt fl 7-1 "> wnU In
tlie doll.ii .
At IW? |wr eittl. w<- pay at 40 it K o?nU it
the <(u)Ur. r. . j
; Al 176 l*r cant. we p*y at 67 1-7 eeutv In j
tbe 4?f;.ti ,- 'y
4 . ?
? ?V# Hfc -iP i 'V 1 '.^4f / +'*{* 4 "*?./?
r * k .? m? ' u. > *
Vp w? ' * ?
y y * f* ' y %" ' *
J - - u lfl~ .!?* L
At%00 |ver cent, we pay'nt 60 cynte 4a the.
, Again: Ih the production of foreign e* 'Iuuhn
hy lh?M l>?nd?, we 'mi greatly
1x>n?ntted. One hundred poo ml* starling
now oo?t three Hundred pound* in this country
H ?t?v toon he worth lire Lendred
I'ound*. 'If no remedy he applied to the
advance oh it, who caa any that in tlie
course even of twelve luontha, it may not
command five thousand pouude. Ci'imnting
sterling na coating uathraa Itumlr-d, wa
can afford to take for our boada a-tld in tingland,
thirty-three end one-third mbU in the
dollar; ot five hundred, wecan take twenty*
?..i- vv. ? ? i ' -
... - 1.1 .. nov.fi MuwrT?r, Tlltl
they will bring mors. Five per wjit. llmlroml
bonds. endorsed l?y this tt'ate. hiivr
sold in England at fift| eenlt in llio ilolUf
At this rntu tlx or s?v?a per rent* of the
Confederacy, endorsed by ih? Stats, should
brings! l?Mt seventy-five; nay, 1 hollers
that with an active and efficient sgsnt there
to dispose of tlicfo bonds, tl?cy would bring
pur; especially If some menite he .tnken to
pay the interest. tli*ro promptly. Taking fit*
current rate# of exchange fifty acuta on the
dsllnr, these will he worth one dollar Alula
half here; seventy-five #?nt?, two dollars
and a quarter ; sad par, three hundred. In
other words, if we can gat pnr for our bond*
abroad, w<> can mukc all our pu'-chasea there
in our bonds as though they were gold and
silvan Those purchases *bro id are very j
heavy ; what with navy vessel#, arms, ?mmunition,
clothing, medicines, and et>?r?-a of <
various kinds, several miilinus arc demand- ,
ed. And bera let me any, inel lenUillv, is a i
reason why Ihia State should guarantee. if
no other does. She alono cau from l>rr
piota furnish the Government nu issue of
bonds by which this sterling kehungc ir.ay j
1)C created.
The remedy this suggested commends itself
?*. practicable. It is oasy to try it. If we |
Hicl ifiat tli.-so bonds cannot thus be tlis|Mtse<l i '
[ f, nothing has been last. But we presume |
IVaui what has been said, that this difficulty |
Mr ill not meet us. Tlu bor.ds will be sought ,
jilter; and tlie Confederate Government having
this issue of bonds in their bands, may sayto
tlie capitalists of Ibis country?" NVe Vv.-ov '
the Value of tiii-sv UcnuiilieS, and will not sill
thorn below fifty per eeut. proiuiutn." If the 1
demand for bids be mudc, accompanied by the 1
snuo'incctnciit that no bid wilt be considered 1
antler that rale, the whole issno will be taken
".I it ; more than this, so eager will lie the do- ,
ire to obtain those seenritirs, that higher b><l.i
rriil be propped; and I won id not ho surprised j f
f t-ic hotels should r. at ire tvfo d-dlurs for one. J
It is t S 'uulklo in which ail tho States will
{'in us. There mny b< hesitation for a brief ''
icriod on the part of some, hut it will only 4
oiiti'.tu- until the advantages of the s heme '
ire realised, lly it they are coniniitteil ni '
arther than they have been already. Is not 11
aeu one ns truly bound in equity for her pro. *
i?r.i"n of the doht. as if sho had by act assutnid
it? lias it not been incurred by .the tjeli- ?
iral Agent on behalf of a'l? and can any fail
o be dishnnured. unless the debt be paid, or nt j
oust viler* that Statu shall hare iirrungod for
icr proportion?
It is a remedy wl.ieli will certainly reduce
he price- of all articles f.,r sale. Those itninrU-d
frstn a'.road v.ill cost less, hocausc the *
dirties importing ran s?ud out ihusc bonds s
br payment instead of running the risks of thr 0
dockuda with eotMn. Any niniiunl, too, raft x
?o rout: for wo will not hero have, at is thn 1
lay* with cotton, to oompltiin of the want of ,
ressol*. A single vessel could carry the whole
*suo in o corner of ity cabin, I'lir-dinse*
could tint* be made with n single risk?-that
?f tint return cargo. Kntorpri'diig iiTcii in nil '
llroctlou.t would iucrrnee too number of those 1
iriagitjg such article* from abroad. Thus, u?t J
ial/r could tlicgo?(l* bo brought m?rc cheaply,
nit the supply won d be nearer ci|ttnl to the
Ictnand, and article* imported would bring a
mhio no greater thiut the risk* run wouhl-tiv- *
naliv dc*crro. *
At home, tlio redundant currency would be 1
Iruwn in ; denraeiatiou would be hut slight; *
"onfedcrate money would b? nearly mpial I t 1
prild and tllnrt and almost all article* would
tell .then for wlwU tbey would sell now in ]
'p< cio.
If theso thin);* be trtta, this remedy will also '
msblo the <lnv?rnment to pmaccntn the war
with gnat or vigor. Its cupplics will hooheap;
Its couimatid of money will l>a unlimited; cvrrytiling
naccssarv for aiicces* will be ettdinat>le
; nud with eontciitod and buoyant hearts,
the people will su'luiti it.
Before taking my (eat. Mr. Speaker. T detiro
to call tho attention of the House to the resolutions
on this subject, which ar? said bv the
papers to hare lately passed both Uo-lses rtf
lbs Legislature of Alabama. I will read tl.. eswlut'on*,
and then proceed to compare tlicui
with the bill before us.
t UtP%|H0l.tlTin|| I* RtU'iet TO T'IKWAt
' t>??T er rn,e coafknanit* status.
n iiitom, tna uovonimcat i>r the Uonfede- j
ntr t'lut :* is inrolvcd in i> war for tha lnde- -|
teodchca of each ?>f ttic 8tai<'? of the C'nofad.-- r
raey. i< well n* for it* '>wn ixhlehra; at.-t \
arhereus, I he destiny of eneli State of the C?"f,;Itrief
It in<Ti>i?!u1(ly rnnnortrd with that of the
C'onfedv'rata tiorvnifnent : and whereas, the
nonfederaco Government cannot Successfully
prosecute the war to a ajwody an.I hnnnrnblo
pvneo, without ample means of crc.iit ; be it,
therefore,
/?ou/io*'f by the S* SO''" nnd If titter (J ft p
r?f?hiliri* y th>' Stotr vi*Al-ibitM", in tlmerrnl
A'trinbiy eonrc?c?/, flutl in liio opinion of
this lioirrtl AmkiiiUj, it, ' the duty <if ??-li
State of the CjatWot.lcy, for the pu'r|"ise of
sustaining the credit of the C?afixlcn!t (Jsv- i
eminent, to gtytvnntoo the doht of thwt i!oremnient
in pruporli- ? to its representation iti !
ll\.? Vongfr.** of that Government.
H -iot,, if, further, font the Slate of Alabama ;
hereby prop<?soi to our aistvr Statea of thu !
tlonfbtfer.tey to guurautee said debt <>n sa-d |
ha?U?provided that oaeh of s*'d States shall r
nerept tile prop'Mlition and adopt suitable 1o- |
gisbltion to earry it Iffto c'l'eet, in which ercnt i
these resolutions shall aland a? the guaranty |
of this Sute for I lit* aforesaid proportion of the i
debt of mid l.'i.ali"lerat? Gov rnotcin.
KtiolctJ, /irlhft', That UKxO'lltlirjr the
Governor hp, ??<t he U horeby, requested to I
transmit u eopy ul? throm rc*^!nlioni to .thu :
Oorwrnor of iiiicli Stnly of tho Coiltedoracy,*!
and totho PieHiI?nt of the C-.nfcdoi-to Stiitcs,
There *re three point* c,f ilifToraiirc In-iiven !
thtno resolutions ntul tltd Ibll originally pro ;
united to thu llonse.
In lin! tiretf place the Alabama resolutions ,
envsr the whole debt of 4 ho 4,'on federate Status.
The bill before u? proposes simply a guarantee
upon bond* to n certain amount, and i? intended
to apply to' a fit lure inr'it, ami not at all to
a past on*. That the State* are actually under
obligation* to pay thu whole doht, or Waco
that H is paid, ia, J think, unquestionable.?
And whoa the proper tun* shall oouae for sueli
rquitahle action, I hope, air, that South Carolina
will no! bo found wanting. Iiut tho pre out
exigencies do. not require aneh action.?- j
Wo are Bailed on simply to roduee onr circulation,
to appreciate onr eurrutiry, and to earn
r? to tho (Jovorument funda abroad for purchasing
its supplies. It ia on tbii asonmt
that I pdronata this measure, n?l for the purpeno
of making more s.-onrd twice whom I
regard m already hating se-itritr enough.? I
What I am at. sir, is to relieve the Gor. ru I
most; and to do *' fH by making ito post |
indebted-ices secure to tho.e who hold it, hut ,
by enabling it at atlveutageou* rates to I*he
up lis pipit indebted neat. If this Iwdone. avuu '
tho pei.oua holdiug lilt former iesuts of bonds i
* r
* a " V Wj?d? ^
? * . ? "
^ 0\jkrm- *fV! - **
J.1."-" ' / LL
.JJJL..I -L 1 - J.J. . . . 1
will lM kMwfltod. . 4*. *<7 rate we do (hen
ne injury-?we deprive tk?co of nothing that
tbsy here alrtnilr. 8o far frotn this, ?c arc
arranging for each e relief ef the csrreney a*
will appreciate all Ceufoderate sseurUii-s, and
make their bends and stock Werth nearly, if
not fully w each aa gold and silver. For, if 1
the redundant currency is taken ap, then hll I
bonds, stocks and ether securities ether than -j
Confederate must be rolutivcly reduced, and i
the latter aeust advance.
But, sir. thewgb this he not se, and though <
we be only making provision tor Iktort enter- I
f .1 ..J.l. -# u 1. o ..
a wu?t ?uw opinv vi nou;n vdruilim
will n?i b? <niaun?|tto<too<f. Hhe hold* horse If
bound in tqull; for ber tall share of all vbli- <
gallons incurred bjr ilio prcsout struggle. It |
Butters not how they bavo been iuenrrod, nor
In what extent, lier people will never be satisfied
nnU-ss every dollar la buticslly and justly ' 1
paid; let it cost whet it tuay. Bet us hare to |
part wilb all our lands, with all our negro#? I
let us haVe to hrsaB up nil the associations of
the past, cud pfo forth as Wanderers from the 1
fair soil that we love. Nay, moro than this, i
if it is ncoersary, let us bc.tr to ho sold our- ,
selves, our wives, out' ehjldimn, into perpetual
sfviiudc, ns ware the Egyptians to lite I'hnra- '
oh whom .Joseph knew. Welcome, thrieo welcome
the servitude before we fail to pay every ,
dollar that wo justly owe. I understand not
the idvn of repudiation?I would rather be? a
slave witb honor, than a freeman with such >
dishonor. I
A second difference between our Bill a# originally
presented and the Alabama plan, is in
the manner in which the.ratio of obligation '
?a., t-> b? incurred. Wo have changed ours tu j
Miit'orm to theirs, which is the, tnoro simple, *i
cud yet amounts to tits sanio thing. The Bill,
its printed, proposed that the uuarantseshould
las pi run in the ratio of 'direct taxes duter- i
mined hy trio return made under tho Act of j
Ihuifress, entitled * An Act to autborir.o tho
issnu of Treasury notes, aud to provide a War '
Tax for.their redemption, approved the nine- I
tec.it h dsy of August, in the year of our lord j
eighteen hundred and sixty-two,'" Tho Bill, as
unloaded before you, in occordwneo with tho '
Alphaniaplan, makas it in tho ratio of " the (
representation of said 8tltc jn the House of
Ksp'rcse ntative* of tho Confederate Congress."
The ratio is about the sarno. According 11 tho I
L'o institution, re present.It ion and direcVtc.xuli'm I
sre b.-th apportioned according to tho popula- |
lion of rhc .Slat's : anil altboagh direct taxation
is according to tho decisions of the *
Supremo Court, a tax upon only land and
negro*,aud the War Tax iueludsd other articles, j
rot, # > equitably was that tax laid, that the
lilfcruucn hetwesn a calculation based upon tho 1
IVar Tax and one on rcprcsvaiatioii is very t
light. Besides, asjhavo already said, this is |
iitteii iuo.-? simple. It might take weeks to
ind out preciaoly tho War Tax of each fStats,
specially if the numerous errors are to bo H
ivrroeteil; and then it could not be sstis'aclo- j
iiy ascertained. A moment's calculation on |
his utiior plan fixes, without doubt, what part
if these two hundred millions hhntlli 'Carolina
vi 11 have to pay. The representation iu t
-ongrcss from all the States, is one tiunrtred
ud tight members, of which ^uutlit'aiolina .
>m (fix. or unc.cighicentb of the whole j tho *'
iroponinn, ihcivfun;, of tl>?H guarantae, will Ji
u eleven millions ouo hundred and eleven
iiousur.d oiii- auuilrud ami clev.cn dollar* and
levoti cent* ($11,111,111 11.) v
A third dili'i reo'.c between tile in plans is, I
knl ib i resolution* of Alabama give tho guar* ?
,11 tee based npon tbe condition that nil tho
I't.er State* shall unit* nilklicr in her action, '
ihilu tin* Hill makes no such condition. Tho (.
audition, if ill si* led upon by uil the Status v
lint ujay guarantee, would only lend to fnilure.
Missouri aud^Kciilucky are represented m the 1
Confederal.! Congress; yet, white their State I
Internments nro in the condition they lire, it f
could be impossible fof tlisui to give n guuri:itcc
which would l?? of Any vatno. linititi- *
ma is, to u very considerable extent, ovurrud* '
iy tho oueiuy ; por'.iup* it might be impossible ,
here. Uesiilos, let it be supposed that only
?? or three Slates shnll join At tii;jt; tbe ban iwiul
results tlowing from tbe sale ol their 1
loud* could be used a* n strong Argument with !
lis ottiers. And no Staie with uliy *cut iiir.cn t* ^
if honor could, umlar such circumstance*,
refuse to do her just part. 1
Hut suppose no odier State joins us. Sup *
p /?? that Alabama bus not pursed these rcso- ,
iutions. 1 trust ibe has not, sir. I havo .
earnestly coveted for South Carolina tho load
in this movement. And 1 hope she m.ty yet <
be in the von. 1s t licr g<< ahead in this mat. ,
tor alone, yea. Air, atone, though no other State
follow. Two years have not elufisod aincc this
State went forth alone in an important enter- I
prise, ifiiidcd Ijy hor staWv'.uan, vtitli asstir- ]
Alices that there was no danger, that no war
could ensue, she waited not foT tho onrnpiwiy
of others, but took tho lead. Tbe result of her
action biv? been the formation ol this Confederacy
: mid fOr tbal action, whether deservedly
or not, it be.- mc* hor ci itens not to say, aba
b is been a a aid d u luoed of praise for. ' g i*
oiou* nnd long sighted statesmanship.> '1 no
tuuu iio* now i-oum wuen u teailer ih wantoU (
mid wlft-ii (lie iieril* iw<- peon. fno power of
tho tu-tny 'two been re t; we aneup^i'tl in uo
(iluy. Tim array ofh.ittio i< not merely
(tin pomp iiinl pageant rr nf war, but it* rail
reality. Shall die tdtrin* b~rnu?a iho dtutgvra
arj rtnlitr'l. Iniunueu rbe noe* that she line i
kViiUned a tearful coutlict with a powerful
and wualthy mlvorsnry. No, air, lier anna have I
gone forth gluiliy to (he coin but. There hne I
boon no faltering Otero, not should I here he j
nny here. L-jt her Mug proud delianoe to the I
fno. Let her show (lint *ho id ready to ho
oriuhi.il rather thun couqiiercil. Ami let tliin
iiotly, hy their Action thin day, show (hat she
id roHiiy not simply to pledge (hy live* of her
citizen?, but their fortune ami their sacred
hoimr.
A word more anil I have done: Tho I:ill
contain* two provision* to whieh I a.-k a |
imimrUi'r attention. One i*. thai tho boqd* ho ,
sold to the highest bidder. This it manifestly ;
iiop.rlut.;, to secure to u.i n.< valuable a ennui- I
deration for tliein as possible. The other is, j
that the Slut* or it* citizen* ,-hall, at the nunc
hiil, have the pivierottc j o?cr tinv other parties
upon the liumh of South Caroii ia. Whet? ;
oi|iutl hid* are mails, sonic uoju.-loient of the I
claim* of tin- Imiit. i? must ho made; either ttio 1
ntiiiiuiit intt t ho divided, or a choice he made i
IK.;ween liicui. Tin* proviso pimply say* that
ki unit uvviit mi-- rmini ui oumn ourotmu, or
miV one of itc citin-tm, ahull liait< ho preference.
If anv ultior rilule, or any -if it# citi/.eti*"!
? ill j<ivo ii hundredth jntrt 4'' a cunt rnoro oil
tiic dollar for our ko:i<U than wo Mill, tlioy j
shall li? their*. Tin# i* iuuiiiuiily jiul iu.il 1
i'<|uiMble.
? -
Thk BkAukokt UiuuAitr.?The suggestion
tlint litia valuable collection of (
hooka, ina'etwl of bdiugcoiitiacatctl to lite [
goveiiiiHeiit and rulbloi.lv sold under'
(lib hummer of (ftu auctioneer, should j
be kopl for the enlightenment and profit
of those tor whom tb?*y were first |?miI?orotf,
been noted upon by ill* Sucre-.
Inrv.add instruction* linva Intuit issued
lo ibe Collector to that effect. The 1
book* are lo be carefully packed and (
siorud. end indue time to bo returned'
to Brauhxi. We accept lhi? testimony
to tlie I'hoi that we uo live in h civilized
community.
[iVjrte York Jnurrnf of Commerce .
Oks. John II. Mukoam w ?? recently
inairicvi, iu .Vlui fiee?ooio\ IwiueteM.
~ I
-r, *' 1*. f
'""frV '' S *'yWV * ' \ *lr?' jj
FOR THE lUVTHtRN KNTERFRlflfe. *
I recently spent a day at Focotaligt
with Col. Klf.inl's .Regiment, tud ? inotl
happy day it wa*. I beard a disliu
guished officer who had aervnd more
than una compnign.in Virginia, aay thai
lie had never seen sach a regiment in
discipline, good order aud general cod
forte and happiness. I saw but one
countenance that was not bright and
cheerful, and the exception whs owing
to receut eicknesa. I have uot seen such
a dinner in the last six months as that
In the Colonel's tent; And I found all
the private's tents abound'ug in good
tilings. Fine yarns, sausages, spare*
tih? and fresh butter, besides the ration*
>f excellent l>eef. Spiritous liquors are
not allowed to enter tbo camp, but they
*re sometimes introduced surreptitiously
I'hero has been b,pt one ca?e of drunk
i-nuwi, ami Hint was punished. Th?
It ilia and manoeuvring were admirable,
sud considering the very abort lime
since liie Kegiinent enteied lite service,
sxb-aotdiunry. 'l'bo officers ate all beloved
by their men in no common de
vreo. An election was Ordered to be
lield on Tb ii rsday for Field Officers. The
Regiment got up petitions to the Genemi
that no election should take place
n that Regiment?that they were satisiel
with their officers. Khece were not
more tlian ten uion who did not sign
these petitisns. I do not know that
these even iefu<ml. The discioline ol
Jol. Elford is entirely paternal, and conddeiing
his comparative youth, I should
terlinps say fraternal. I knew it w ould
>e so. I have knew 11 him attempt noliing
in which b? has uol-aioiueaily
-ueceadsd.
The name Pocotaligo cannot be men
ioned without calling up the association
>f tiiat ?>f (ieu. W. 8. Walker, who has
nadu that name historic. I have met
villi no man who has impieased me
iioie favorably, liis in uiiiers, sdd'ess
aid conversation aid those of an aceomdished
gentleman and soldier Every
iniamaiit of his face indicate genius
)f all the wonderful achievements of
his glorious war, I know of none more
emarkable. if as much so, as tho two
tattles at Pocotaligo. In that of the
!7th May, the enemy adeeneed with
ight companies.. Col. Walker met lliem
villi thirty-five of the Rulledge Mounted
iilleiuen, Captain Treuholm, and not as
is many more gentJeuiouion only armed
villi fowling pieces. After |hc second
ire, lire teller were about (o be tl.tukcd,
vhen very properly they retired, witn
i very few exceptions. The fight was coniniied
for three hours, with the thirtvive
iidem, n against six hundred. The
nemv were repulsed. In the second
rattle in September lust, 7,500 of the
Clientr landed at Port Kovul and ?1a
iced U> Pocotaiijjo. 4.000 made the
utaek?our force not more than 500
Plic engagement lasted from 11 o'clock
inti 1 dark, when the eue.ury retired. In
seiihcr of these battles had our troop*
my protection but a few scattering live
ink tre.es. In the la?t battle the enetnv
rad the advantage of thick woods and a
iitch. Our loss, 1<J4, killed and woundfd.
Tho eueiny'a loss, as stated bj
lltem-i-lvea, from 500 to 750. Th<
history of these battles will hardlv bi
bulievcj. W. T.
Correspondence of the Enterprise.
ClMf OOLnBMITII, I
Pocotai.ioo, S.U., Dec. 23. J
J)i'ur Entrrpri*e : The 3d llegiirten
of First Corps of lit-sers es, or the "'Oh
Onard of he Mountains," is a bodr o
men of which your leaders will nodouh
take an interest in hearing fioin, and
have concluded as I have two or thre<
leisure hours in the interval of our drill
to devote the time in giving you a shor
description of our j >urneyings, tri ila
description of the country in this section
the late bwtle at this rilnce dn> A-a
* * * 1 * *
'/dn tho CStlt November our llogimen
was increased to alMnK'Treven hundret
men, and on (bat day our who!* forci
and baggage wen; conveyed to*Charles
ton, arriving there at a^oul 1 oVIock a
night, and a bitter Vsold night too; am
ihere being no camp ground provide*
for u4, we pressed into service nnothe
linilu):ifl Depot to sleep in for the night
Karlv next morning wo were ordered t<
march and were paraded through Meet
injj. King and other stu*Hs. to Cant
" I'ine Slumps," near tho Charlewloi
ami Savannah Railroad, where we re
nm^cd about 8 day a and took the Sn
vannah Railroad on Tue*dav followinj
tor I'oeolaligo, and arrived hero aboil
sunset, at New I'ocoialigu, nr P?)
coialrgo Station, which is ab<nt on
milt) to lite light of lite anciel
place of that name, where the battl
two month* ago was fought ; wbie
['resident 4>avis eaya was tho gieate*
achievement of the war to the extent t
tins nnuibers^engagvd. V\'e had sevt
ml very Unpleasant days after our an
vai, of wind and rain, and were encamps
in W verv low tiUlCe.near ihedeo.iL wlui
< 4% * r-"^
l lie ground if.x'utiio liooded wit It watt
?even to the inside of many of tli
tents ; we could not innke a change ui
til a turn lor the better in the weather
a locution wHi I'ouiul ahout one ha
mile distant, hot \v?soon found froio ill
hrcation and dampness of the groan
(hut the place would not do for health
this place was called " Camp Perry," i
houoi of M?j. li. t. i'. It.o Colon
.v '5 '*y
?. , *?,. , *.
k* .< v* .+' * ' . .
.
ed to tnw spui- where we *r*-p6w*jfa* ;
>', camped, nod are very pleasantly lootftfcd, . "*3
I with excellent drinking water, plenty to i
? eat, iuhh generally fat and in g?H>d ap">c- j
, it*, and expert to have a very quief 1
> time for the remainder 6f the.fllitetv .
i dava. u We learn frowvihe picJceU that ,
the Ysnkeoe have bu.hwJ the town, / _ ^
, Beaufort, and everything almost on the
| Island and are evacuating Hilton j
, Our Camp is natned^in honor of o*r 1 d
\ very efficient Quartermaster.
We have lud very Mule eicknom fW ^
| the Regiinept; only two deaths have
I occurred. flWh of which were in C*pL
Wclborn's tympany, frotp-Pickeoa Diti
trict?the la?t death, a McTurner, was
, rather sudden ; he was wilting by Ifce
. lire whilst they were fixing np the wag- .
on to take bitn to the hospital end he foil
over artd died in a few moment*: his
, disease was phthisic, I understood. W(f . " ,
have had some vet?-cold nigb'a an I
, very heavy frosts, but as regards, the ^
day-, we can use the language of the'
shcred.poet, ' December's as pleasant"**
May." This coiintrv abounds with *
marshes and swamps, and you never
? in . # T
i - <? o imii , Tcry irvw ooor persons uve
in this region*; the population coadst*
, of sueh families as the Iley wards, Elliv.
o?s and others, who have their tlionsanda
of acres and hundred* of negroes.
* H % ?r
Many of the holer w*nt orfir id tliM.
' Yankees. Kami lie* 'f >m the region of
the coast hare moved to McPhers?nvilb%
four miles from here, and other plaoeaof
safety. It is remarkable for its bean- tiful
sandy roads and picturesque scene- rv
along thorn; in ntanf places thelarge
water oak* intertwine their branches
orer, with the moss flowing froitl
them, forming a verr beautiful archway
sometimes f?>r three or four hundred J
yards, and must he very refreshing in
the hoi -weather of summer. Game. T J
am told. is very abundant?deer, will,
turkeys, goeae. duck*,squirrels and partridges,
aUo, fish and ovaterg ; bnt tbe
first we get none of, for the want of am
munition, and the two latter hare be?-n_
in possession of the Vanluwa; still eon a
of our nien catch a few of the finnv
tribe out of a pond near tie. hut I have
not had si<rht of an oyster here vet.
Our General, (Walker,) the hero of
Pocolalign, has paid us two visits, and
cm tbe firet vidt made us a very pratt v,.
little. Rpeorh?etvled us the bone ami,
sinew of the c 'entry, fighting for our
wives and children ; he i< quite a band*,
seme man, about fortv y ars old' a(iparenlly,
and i* a Georgian, I learn. Oapt.
IlartMene is here also ; h? is Topograph*
tea! engineer, and on the Gcnerd'e
Staff. * ' * * * * * J
, * ><f C.?B. K. v
Mb'KPiiHKtanoRo', Jan. 1.
We are victorious. Tbe eiemy to*,
dav yielded his strong points, and frll I
ha< k. We now occupy the whole
of yesterday, and .-hall f -How him t??*
I morrow. There was hut little fhrlitinw
: lo d-r. """" ' \ If
The enemy left an nmp1?er
of killed and wounded on the field. T1m
h*a roust he near fifteeH thousand ?
on* is five thousand. We have sever-h
thousand *tand of small a tns. Gen.
J Wlmtlar, with cavalry. m d the ?n?i a
circuit hy Jeff'rson and Lavcrgne. of
Kosencrans' vinrv on Tuesday nit hi.
Yesterday they destroyed 300 wagon*
loaded with baggage nnd oninrni*eH'y
stores, capturing and paroling 700 |?ri?
I sonars. IIo is again behind theaa, and .
j captured an ordnance tiain to day. He *~
f got all of McOooJi'h baggage and his .
t body aervaut yesterday. Ourwonnrhd
| are receiving avert' attention frvm the *
a patriotic ladies of Murfie*?d> ?*>', though
s many necessaries for comfort are badly . ai
( needed y-t. We have the wounded "f
af both armies on hand. but enough
Federal surgeon-' have beet) captured o
attend their wounded. The nnrnber of
slight wounds is very great in our arm v.
t Those able to be moved are sent to
j Chattanooga as rapidly as possible.
B (Jen. Adam-, of Louisiana, slightly
wounded ; nUo Col. linrrv Maury, of
I Alabama, was shot, with regimental
| colors in his hand, whild leading a
i * urge. (i'-n. Cheat! ain'a Ton ?<*"- # 1
r i division did desperate fighting. Tmhtoi
j all the troops f 'Ugl?t with greater vahv* " '
0 ! and dote intnation than ever,
i No*l'ankee ofiice.a are varoled. Tlu-y
'l . . i .. . ... ?
H lire !?piii lmineuiilely to Uliattnnoo^a
i? | ?o'V PiW1?.
| The YarikiH Oen. Still'* r?maina li???
t ! lm*n brought in. The top ??f bin heed
? ' was Miiwii. ?.ft'. The tine? tian<*ral? in?lt
j vinualy rwporied areitill bel oved killed .
o | w CnATTASiigoa, Janf6.
it | lVn?pntcl>?* from YW ri if off State ibnt .
le j the em-my had not occupied Muifi.e-?
b ' l>oro' u|> to (hi* morning !?r port* wo
?i ) .slill coining in ihiil lhoen?my i* r?
?l I turning to Nnilnille. Ihtriie* jont f o. t
j- | the front, report that Morgan nttnc! *.i
i? j and routed m|(W rco of (be eiieius Ml <?.*,*
d j atin. Twin. . .
1 The following rimpatch was rofcncd
>r ) from ti?ih C?ie^g :
\m | Tn-tJtlioMA . .Tnn. 5.
) I UnaMtv to dislodge tlit enemy fioru
j.I Ilia entrenchment*, and learning luet 8
If MinlnnfiltuiHI w?re h?-?ug ??i.l lo kV>i,
i?s [ withdrew from hi* front right bffma I
<1 l??t. He he* not follow *1 me. ?(y 9
;' cavalry close on l-l * ft> >nt. H
in i ' (Signed) 9
UUAXTOS HRAQV, I
mb- * * H