The New York Herald Newspaper, April 3, 1862, Page 4

. NEW YORK HERALD, THURSDAY, APKIL 3, 1862—TRIPLE SUEBT. — has absorbed of the fund bonds, ‘The rebels bad withdrawn all thelr troa#® from the pone Arr yt Tos commiastonsra othe cantons See, . WES FROM THE SOUTH. coast, and had abandoned their earthyétks, Previously CAPTURE OF THE SKIDAWAY BATTERIES. Seay injereg thes $872,000 of these bonds. Sead ening removing their cannon to Thoir fort at Thun- | ep din Agog ae ar nod oath in Tas ee ee acing fond are paorpenpetinmnia 3 allneerpaey oe one of ihe propri i Gis‘ebavartble bond ware l'svarartd nes the doned a few days since, and ys@ cannon was leading sinking fun without further delay, the amount of Alarm end Excitement of the | sew ir ietnmisuoted ws eore:svs | Closing Up the Water Courses to Savannah. | swecan, ihe, ater punde ouataniig, woud’ be logy thas fire to the barracks and Slowing up » * fret the People of Charleston. ppt Sayapaah, however, is understood to be Weated some dntance fem i nearat ths brengieah 908 all the company'areni entareena eens ~ yong cloeggtggrited sand al) din sonemnites © BN Rod mil, a chen resaliag of this security 13 prin ctrwnr no : forces ther@are variously ostimated by negroes at from Revolt of Two North Carolina | ‘vpt'y shoosund men. Probably twenty hou sand is more nearly correct. pi Regiments in That City. —_ and had been for some time previ- | we ously, day and night. Thore geoms to be no ides enter- | barrassing floating debt, and that the reduction to ite tained that the occurrence was the result of design. The | present small amount has been effected without any ma- wind was pretty high and blowing directly from the | terial increase of the bonded debt. We observes gratify. coining mill to the other, so that tho flames and heat | ing progress making in the conversion of the first mort. Wore carriod immediatoly to tho latter, thus causing, un- es overdue bonds into the first mortgage sinking fund and Prospects.—In explosion ok place—causo unknown. The mill was | dition, in comparison with what it was two years since, The greatest despondency existed among the people t the time, find the ‘and troops at Charleston. The fall of Newbern created the greatest consternation. Tho tre-eaters ridiculed STORES BROKEN OPEN AND PLUNDBRED. | the North Carolina troops, charging them with cowardice. The shopkeepers and bakers in Charleston prahtreitag nny mar ey nds; also the release of the company from inany also refused to receive North Carolina money, and, there = Ki word yd pean give a just Manet the inpia meus sad nae abligntions panee Lge cally od . whon we got to the scene, for there was literally nothing | flually increased more economi - AH boing two North Carolina regiments there at the tims, ) > l2Tunerinceen Or next te nothing lot the ‘Lonsca were very: slight | ministered business, A continuation, which may De NAVAL OPERATIONS NEAR SAVANNAH. | o revolt was thie consequence, and the shops wore 'e ay eee 2 Duildings of plauks and had beon scattered intom million | reasonably expected, of this business, and the conversion broken open, and the troops helped themselves, These a # pu * \> of fragments, most of thom quite minute. The location | of the overdue bonds completed, or ~caiy so,and the regimonts refused to serve any longer, and were allowed ‘ i WRICy> x of the mills could only be seen by biack splotches on the | stockholders might see in the immediate future a pros- 5 i . ‘a quantity of | pect of income from their property, which but two years } A‘ E—g—WarxSz | powder has been touched off on any exposed surface. The | since was goneraily regarded as utterly valueless. . machinery, of course, indapenaenite of the engine, is The following is the company’s balance sheet:— THE SKIDAWAY BATTERIES CAPTURED. | x3 ciccr information of the abandonment of Pensse anne cola by the rebels has yet been received; but it was generally believed that our troops had crossed over from Official Reports of Flag Officer Dupont | santa Rosa Island and occupied the place. Commander Gillis The latest advices received from Norfolk by the under- and ground railroad loaves no room to doubt that the Merrie mac is thoroughly repaired and in commission, and ready Fort Pulaski Closely Invested and Hourly | tor anotuor expocition against the wooden walls of the Union navy and river transporte in the Roads. Expected to Surrender. The delay of the Merrimac in coming out 1s believed to ‘De that she is waiting for some ammunition for the heavy guns that have been placed on board of her, and also Proposition of the Rebels to Evacuate | for seme infernal machines being constructed by Bom- ‘bastes Maury. completely ruined, bui loss in ‘der ig compara- tively small, as there were but eight thousand pounds ComDENSED altogether in the two milla, FINANCIAL AND COMMERCIAL. "> Wapwrepay, April 26 P.M, | Stoamboats......i..2. Wall street is unusually dull. Every one is wait" seed area taee alee... ing to hear news from the army at Corinth, Mis- | Fuel and materials on hand... #issippi, or on the Potomac, and by commomcon- Bonds and mortgage, Progeny P sent all business of importance is postponed until | cincinnati, Peru and Chicago bonds... $48,000 intelligence of at least one of the expected de- | Toledo and Wabash Railroad stook.... claive battles is received. Nothing was done in | pig srece individuals with the Honors of War. ‘The rebel steamers Jamostown and Yorktown are also exchange to-day ; the leading bankers would not | Terre Haute, alton x being. eet cad! male Senesy it wee sell at last quotations. Money continues abundant; | g,*Pecish bonds... sinc ae i rimac. 5; d Indiana Plank Road 20,000 AN UNCONDITIONAL SURRENDER DEMANDED | tucre is also rumor that two other stoamers are be- a basco for oat paddy are at nat a epee . Od ing clad with tron at Richmond, to join in the expedition jecline of spec i : of the Merrimac. paper sells at 6 a 7 per cent, with occasion- Ee 08 Attack of Union Gun ‘oats on Fort Jackson, ‘As to tho loss of life on the Merrimac in her conflict al exceptions, such as bankers’ short ac. fe the Mouth of the Mississippi. with the Monitor, we have now what is claimed to be ceptances, at 5 per cent. Certificates of public Pe $18,988, positive information that it was pretty heavy. One of indebtedness are ourrent at 96% a %, with a fair 1 Or. A rae the recently arrived contrabands states that he (PORTANT FROM NEW ORLEANS. was nurse in the general hospital at Norfolk, ‘and that up to the time of his departure he had helped te shroud thirty-two of the crew of the Merrimac, and demand. Some of the leading foreign bankers have received money from Europe with discretion- ary powers as to its investment. So faras we can The Fortifications on _ the Mississippi, oe., &e., ae. SOUTHERN NEWS VIA NORFOLK. Fortriss Monos, April 1, 1862. A flag of truce from Norfolk to-day brought down | tors from Union prisoners and despatch from Genera ‘Huger to General Wool. Norfolk papers notice that large military movements ere going on at Old Point. They say that large reinforce- ments are landing there, and that at least a hundred Jarge ateamors and transports are at the wharves and in thechannel. They also notice that Vice President Hamlin, with a party of ladies, visited Fortress Monroe on Mon- day, and had a great jollification, which, they say, was the cause of the salute. A despatch from Charleston says that General Evans Advanced on Saturday on North Edisto Island, with 2,000 troops; but, finding the Unionists there at least 6,00? strong, he returned ina masterly manner. Tho despatch does not say whether there was any fight or not. ‘The gunboat Seminole arrived here this afternoon from Port Reyal, bringing dates to Saturday last. Fort Pu- laski had been thoroughly invested for thirty days, and was momentarily expected to surrender. It was said that about five hundred rebels were in Pulaski, and that they had offered to go out with the honors of war, but that General Sherman demanded an unconditional sur- render, and would,ou the lat of April, open fire on the fort, if they still refused to yield it. ‘The rebels had withdrawn all their forces from the Coast of Georgia, and had abandoned the works at Thun- derbolt, taking away all their guns to Savannah. The Seminole landed a force and destroyed Thunderbolt fort, which is within five miles of Savaunah, over a good shell road. Refugees from Savannah say that the friends of the troops inside of Fort Pulaski had offered thirty thousand dollars to any one who would rescue them. A refugee from Charleston represents that there is a great panic there since the capture of Newbern. Women and children were leaving, and the general expectation was that a terrible blow would be struck there. From Florida the intelligence ia most gratifying. The Unien sentiment was strongly developing itself. A despatch from Norfolk, in this morning's Richmond papers, mentions the arrival of Vico President Hamlin and a large party of ladies and goutiemen here, and the firing of salutes on the occasion, and in the same para- graph says: —‘‘There has beou no communication by flag of truce with Fortress Monroe for several days."’ There appears to be but little doubt that all our move- mente here are faithfully reported to the rebel authori- ties. The Richmond Dispatch of this morning says:— ‘The grand army of the federals seems to have been transferred from the neighborhood of Washington to the peninsula, which they nave probably conciuded is a shorter and easier road to Richmond than that via Ma- aassas, which we have courteously placed at their dis- ‘The Dispatch also states that the roads here are as bad as those on the Potomac, and refers to Goneral Magrudor ag a man not likely to be caught napping. Thore was @ rumor im Richmond yesterday that a severe fight had taken place: «be poninsula. 1t was probably caused by the fac ° making @ strong feconnoissance towards York: «0 on Saturday, A despatch from Augusta, Ga., dated the 31st of March, eays— ‘The Charleston papers of to-day contain < despatch dated New Orleans, March 29, stating that two federal gunboats on the 23th commenced an attack oa Fort Jack- son, at the mouth of the Mississippi. Up to that time nobody had been hurt. New Orleans papers of the 27th of March report the lose of tho rebel steamer Vanderbik. The captain, crew and sight passengers are safe on the Florida coast. One boat, with seventeen men on board, bad not been hoard from, The rebel Ordnance Buresu has issued an order oslling for all the balls that can be obtained, to be recast for light artillery. Rebel troops are gathoring in large numbers at Jack- fonport and Pecabontas, Arkansas. Generals Van Dorn and Jef. Thompson are preparing for am carly movement at some point on the Mississippi tiver. With this force it is considered that the Missis- sippt Valley is safe from the enemy. ‘The Memphis Avalanche of March 29 says that tho foroe of the enemy, in attempting to take Island No.10, have been throwing shot ead shell for two hundred and forty hours without doing any damage to oor works or guns, and up Lo this time enly one Confederate soldier has been ktiled A omall tug came down the James river yesterday aflerncom, and at long range threw some shells inte the Newport's News camp. No damage was done, and the distance was so great that {t was useless, with our guns, te make any reply. ‘There is a rumor current here that Yorktown hes been abandoned by the enemy; but it is not believed by the highest military authorities. Notwithstanding tho great delay in the reappearance of the Merrimac, she is hourly expected, and the naval and military commanders are prepared to receive her at ‘any moment. SOUTHERN NEWS VIA BALTIMORE. Barons, April 2, 1962. The following intelligence is from the special corres- pondent at Fortress Monroe of the Baltimore Ameri- can The fact that the Day Book ts aware that Vice Presi. dont Hamlin was hereon Monday makes it no longer a matter of doub? that all that transpires here of @ much more important matter is eonveyed over our lines, In this connection J may aleo slate that twe drummer boys, captured oy the rebels @ few days since, are known to have given all the information they possessed to the enemy. ‘This fact was ascertained from two rebel prisoners oap- tured yesterday. The Seminole’ advices from Port Royal are to Satur- day last, ‘The surrender of Fort Pulaski was daily expeoted. For thirty days all communication with Savannah bad ‘been cut off, except an occasional rowboat whieh escaped ‘the pickets. Several had bon caught on their way down. Some are supposed to have escaped tho vigilance of the guard at night. The number of rebels in Port Pulaski was reported by oncrters at 600, and two German companies there nad grvelted nnd wore in cong, that both Commander Buchanan and Lieutenant Minor are dead. There was still a number of the wounded sur- Contrabands also state that the tast two shots of the Monitor were represented to be the only ones that seri- ously injured the Merrimac. These shots were thrown under her shield at the moment she attempted torun the Monitor down. ‘The military stationed at Norfolk from the Gulf States have been very severe on the Virginia chivalry since their dofeat at Roanoke Island. Blues—the very pink of chivalry—have failen in the pub- lic estimation. All award bravery to O. Jennings Wise; but his father has so fallen in public estimation that he is proclaimed on the streets of Norfolk a coward and pol- troon. In bis escape from Nag’s Head he rode thirty miles on horseback, notwithstanding he had previously reported himself too ill to remain ‘at Roanoke Island at the head of bis command. Wise and Floyd now rank together as the ‘‘ficet foot- ed.” My informant says that Wise would be hooted if he were to appoar in the streets of Norfolk or Richmond. ‘Ho has retired to his farm in Princess Anne. SOUTHERN NEWS VIA PHILADELPHIA. Paiapstrata, April 2, 1862. A private letter, dated from on board the’ Seminole, says that the Seminole, Wyandot and Norwich, under the command of Captain Gillis, senior officer, proceeded up Wilmington river, and upon arriving within a mile of the Skidaway batteries dispersed the rebel cavairy sta- tioned there by shell, and then destroyed the batteries. The rebel force fled, leaving everything behind them, even their dinners. Captain Gillis landed and hoisted the American flag on the ramparts. hoisted over the rebol headquarters by Acting Master Even the Richmond Another flag was The rebel batteries were entirely destroyed, but the dwellings were spared. The dwollings were afterwards burned by the rebels. ‘The batteries mounted ten guns, and wore well built. ‘The squadron has returned te Warsaw Inlet. OFFICIAL REPORTS OF THE OCCUPATION OF SKIDAWAY ISLAND. FLAG OFFICER DUPONT'S REPORT. Feacemr Wanase, Orr Port Rorat, March 27, 1862. Sm—On being boarded this afternoon, while entering by Commander Gillis, the Seminole, I bave the satisfaction formidable batteries on Skidaway and Islands had been rebels, the guns having been withdrawn in order to bo Tho abandonment of these bat- teries gives us complete control of Warsaw and Ossibaw Sounds and the mouths of the Vernon and Wilmington rivers, which form important approaches to that city. I enclose the report of Commander Gillis, and also memo- randa of {nformation given by a contraband, which may be of some interest to the department. fally, your obedient servant, 8. F. DUPONT, Flag Officer, Commanding South Atlantic Blockading Squadron. To Hon. Giogow Weis, Secretary of the Navy. COMMANDER GILLIS’ REPORT. Aanuast Sainaway Barreay, Witarscrow River, Ga., U. 3. Steamer Smainots, March 26, 1862. Sin—In obedience to your order, dated 2¢ inst., w® proceeded from Cumberland Sound to Warsaw Sound Ga., to biockade as directed. Having waited some day3 for the weatler to settle and the wind to lull, we this afternoon felt our way with the lead up the narrow of the Wilmington river to the battery on Skidaway island, accompanied by the Norwich: Lieutenant Commanding J. M. Duncan, and Wyandotte, Lieutenant Commanding W. D. Whiting. launch, with the howitzer and crew, undor charge of Master McNaw and Acting Master Steele, alongside tho Norwich, and went on board of her. shortest vessel;and of lightest draft, was sent 4 after fring @ shell or two near the house on the left, and « picket guard at Royal harbor, abandoned by Placed nearer Savannah. some horsemen master Sands, shore, eit “sg Pe found ane? a strong bast: work for guns, with bombproof ‘The enemy bad abandoned it, leaving imitation guns covered with canvass in position. The other boats from the vessels coming on shore, we destroyed the works, boats, lighters, &c.,of the enemy, hoisted the Uniom flag over the red cupola, we returned on beard our respestive vessels. I learn that the rebel battery on Green Island abandoned. Several houses in sight are burning this }, She red cupola house included, ral @ prisoner (aken in the marshes ia statement accompanies this. OHN P. GILLIS, Commander, by the Release. am, sir, respectfully, &e. ‘To Flag Officer 3. F. Durowr, CONDITION OF AFFAIRS IN SAVANNAH. STATEMENT OF THE CAPTURED CONTRABAND. Useren States Stzausinr Sxwrmos, ‘Wansaw Sounn, Ga., March 26, 1862. Sim—The following statoment is derived from Loudon Middleton, a contraband picked up this afterneon by the Norwich, and sent on board this ship, viz.— ‘His mastor was William P. Fulton, of Savannah. He loft that city on the 22d instant, Saturday, way of White Bluffand Green Isiand to Raceoor from whence ho expected to reach ‘; it was eaid we had, on Warsaw laland, All provisions are scarce at Savannah and vory dear, Jenlarty becon, rum, liquors an: Fresh ia plenty, but costa twenty-five to tiirt) seven and eight ig at fifty conte and Afty conte per pair. coffee selling atone dollar and fifty cents to one dollar saw mill,” which th 3,000 troope. ve ine and liquors, and ‘almost hay and these, with bacon, they had @: , “nomewheres where the feder: hold possession.”” returning, and ¢ Some who had left are ey are sending the ‘negroes and cotton”’ Inland, and pending a!l the ‘cash money’? to Macon, and threaten to boru the city if they should be unable to hold it, and are in daily expectation of an attack. The: had given up she idea of defending the Savannal jorpedoes, because one of the principal men “got drowned" while down in a g th r Fort Jackson, near which Tat- board the Savannah (late oar Thunderbolt, some tim e There te a battery (number o unknown) at Cortait’s Bluff, and the @ guns ad the old fort, above Fort J house and near he knows but little of this part of the ri been a fisherman wrowrd avout While Blut and Green | ently waiting on the soldiers, the city, not only by th 1s, aro being fortified, and | they told him “that they bud one hundred thousaud Green and Skidaway faiacds ore abandoned, except by a few cavalry, The guns from Groen stand were taken to fortify Bewley, and thoxe from Skidaway to Reptgomery—a part of {uae from naga Keys up, ‘ Said they were channel, but alsv by the bout three-quarters —y ate SCALE OFMILES first land to the northeast going up, and thence running up to Bewley, Montgomery and White Bluff. ‘Thoy expect us to cross Skidaway Island, .and have guns and pickets at the two bridges to cut them away and fight our forces on their arrival: The first bridge is reckoned to be five miles across from the Cupola House, Jast night burned by the rebels, near the Skidaway aban- doued battery. beget &e., INO. P. GILLIS, Commander. Flag Officer 8. F. Dupont. NEWS FROM NEW ORLEANS. Union Sentiment in the City—Great Lack of Confidence in -the Military Talent of Jeff. Davis and Pillow— Floyd Denounced as an Arrant Knave and Coward—Yancey’s Safe Arrival and Reception—Fortifications Betwee: New Orleans and Island No. 10—Avowal of Union Sentiments at Memphis—Pas- sage of the Act to Burn Memphis, &c. lative to the Mississippi river country between Island No. 10 and New Orleans, as woll as the condition of the Southern popular mind relative to the rebellion and ite future prosecution. In lieu, therefore, of the monotonous descriptions of mortar practice and the movements of the fleet at this point, I shall devote this lester largely to the former topic. My information is derived from & souree I deem thoroughly authentic, being the result of a conversation with a Chicago man of old acquaintance, who has spent the last three years in ‘Texas, New Orleans and Memphis, and whose opportu- nities for acquiring information’ have been peculiar, He is now upon a visit to Commodore Foote, whom he will undoubtedly furnish with valuable information rela- tive to the exact condition of the enemy and his re- sources at tho more important river towns. I do not give the name of the msn for tho obvious reason that as our papers reach Memphis regularly, it would eompro- mien ont Union men who aided in his escape to the North, ‘THR GUNBOAT! My informant left New Orloans three weeks ago. At that time the citizens were expecting an attack of the foderalists daily, the result of which would be a suro success to our arms, as the defences of the city are un- ieapertant, stmapeiet only two or three forts, mounting seven guns in all, and of small calibre, Seven gunboats were in process of construction, three to be plated with Doiler iron, and four with railroad iron. The boiler plated boats were by no means formidable, and could not for # moment withstand an attack of our gunboats, but the railroad plated ones were very long, sharp and fast, and although vulnerable in many places, still were possessed of great strength, and might prove formida- bie opponents to our fleet. UNION FBELING IN NEW ORLEANS. There area large number of Union men even in New Orleans, more especially in the heavy business circles, among merchants who have sngacity enough to see the direction in which their ‘interests lie. by French Creole population almost uuanimously entertain strong Union sentiments; and were it not for the native pride and strong influence attached to the name of Boauregard, the Louisiana regiments would be entirely destitute of Freueh soldiers. Many of the citizens who are of Northern nativity, and others who are attached to the North by business into- rests or consanguineal relations, are also sincere in their professions of ance, and only await the proper op portunity to prove their devotion by their actions. It is only your native born Southerner, the owner of a sugar plantation, or cotton estate and a gang of slaves, who indulges in @ bombastic and ridiculous state pride, and swears by Jeff. Davis as the only true prophet, who realiy i8 a secessionist at heart. But even this class of people are disheartened by the late federal victories, nd now 86 no path toan ultimate success. They keop up the cry, Repel the tyrant his minions from our sacred *0il,’’ and coolly talk of of Northern conquest. Pride is more potent than in forth, at least for evil, and an unrestricted use is fore made of it. Itisthrough women that the rongest appeals ere je to the soldiers; woman's ile is to reward them Spon their return, flushed with victory; woman's Cg re to watch over them on the field’ and in the camp; woman's charms are to be reserved for those who go forth to the bat- tle, and denied to those who stay at home. Generals, instead of addressing the soldiers direct, address the ‘women, urging them to use their influence. Pride and vanity, the | ing Characteristics of the Southron, are ‘ongly appealod to, and women and whiskey col- laterally loud their powerful aid to fostor these cha- ractoristice. The ignorant mass of the Southern peopic, removed several degrees cron below the slave, know bothing of the progress of the war. Their defeats are either falsified into victories or so stripped of thelr un- favorable surroundings that they appear as mere skirmishes. ‘NO CONFIDENCE. In spite of all efforts to the contrary, a sad lack of eon- fidence bas arisen. Little faith is reposed in the military talent of Jeff. Davis; Pillow is represented as iacking in the elements composing a competent general; Floyd is everywhere denounced as an arrant knave coward, have no confidence in each other. Secret organiza- for police. "A soores sfster of eeplopage, approx tical. system of eapio approxi. mating to thas of the Freuch Revolution, is Deing established, and spies infest the bar room, the i and the theatre, There is mo coni- dence financially, and ail business is conducted upon a compulsory unlimited credit system. Specie is hoarded up in oid vaults or old stockings; at any rate, it has sud¢only disappeared from sight, and even in Orleana, whore there has always been’ a surplus of coin, cannot be found. In its piace the Confederate scrips, bits of pasteboard and brass checks, cach good for five or ten cents, as the case may be,are in circulation. The trash was originally quoted at two per cent premium, but js mow worth simply the cost price of the paper. who eo Ky pay it out with the utmost willing. nee one who are pag ee to grant unlimited time rather than touch it. 1@ refusal to take it, how- ever, involves treason to the confederacy, and the un- lucky merchant runs the risk of bee | pdr to the military authorities and court martialed for disloyalty. THE FOUNDRIES. The manufacturing business of Now Orleans is dead. The foundries, among them the Algiers, find a little to do in connection with the war, sueh as the manufactur of plates for gunboats, and casting of cannon. Iron and were it plenty, the wretched character of the capuon cast at these foundries would soon nessssitate their closing up business, in this direorion at loaat. There { evidently something rotten in Denmark. Frery man stands susp) sly Syo\ng his neighbor, politician doubts soldier, the » otvilia a Was about played ‘and that he was agood Union man. The remark not seem to create much eévestion, possibly hecanse the author of it was not in a condition to realize what he was saying. Thore hes boon a time, however, when in- | toxication would not have been an excuae for the remark, and the bowie knife or pistol alone could haye made repa ration. Tho seeond instance was at Memphis, and tho bold ut toror of dissatisfaction pome ovb Mra. Buckner, who is too well known in fashi le Chicago circles to neod any description from mo. The incident took place shortly after the first reconnoissance from Cairo to Columbus. It will be remembored by your read. gt that Med. By im company wih two oF (hres other wives 0° secession officers who were “pining in North- ern dungeons,’ came aboard our gunboat under flag of truce, and started for the North to mipister to their husbands who came to grief at Denolson. They never went further than Cairo, however, and were sent back to coca uy cohen J Halleck’s Si iors at ‘woeks since a large party were gathered in the parlors of the Gayoso House at Memphis, composed largely of leading military rebels and other male and female trait- ors of prominence. The conyersation turned upon the refusal to allow Mrs. Buckner transportation to Fort War- ren. Mrs. B, made am angry reply to the effect that the refusal was ‘‘unchivalric and ungenerous.”’ ind after the conduct of Pillow, Floyd and Buckner at Donel- son, was brought up in comparison, when Mrs. Buekner broke out into the most furious invective against the two former, and so far carried her tirade that it created @ decided sensation. Her attack upon Floyd was simply the repetition of common talk; upon Pillow it was in Rie her husband, betwoen whom there isa itter feud. YANCEY. Yancey, the great Southern What Ia It? has not been captured, as I see reported by telegraph. Ho has ar- rivod safely at New Orleans, and was serenaded upon his arrival. He replied in @ brief speech, in which he as- sured his friends of the Cresceat City that he was satis- fled they could net expect intervention upon the part of England, and that the cheerful prospect was left thom of fighting it out single handed. He remained in Now Or- Jeans but a few days and then left for Richmond, to con- sult and make a report of his pleasant sociable with the fishmongers of London to Jeff. Davis. UP THE RIVER. Between New Orleans and Memphis there are few, if any, fortifications. Orders hay oon issued by the rebel War Department to fortify the mouth of the Red river, Helena, Napoleen, Vicksburg and Natchez; but it is doubtful if all the Southern factories can turn out suf- ficient ordnance to mee} the order. They are forced to look entirely within their own borders for cannon and even smallarms. The blockade has been strictly main- tained, and the continual reports published in Southern papers of the arrival of arms from foreign countries are simple roorbacks to keep up the courage of the peo, The character of the Southern small arms ts wretched, composed largely of the old United States muskets of a breech ogg Sy and about as efficient as so many corustalks. best arms in the possession of the rebel government were used at Fort Donelson, and, in fact, the users themselves were the flower of the rebelarmy, picked for the occasion. = AT MEMPHIS. Alboit Memphis is the very hotbed of secession, the same Union prociivities outcrop as at New Orleans, and even in a more marked degree. Many men openly avow their Union sentiments. Secret organizations exist in various parts of the city, the meetings of which aro at- tended by over 5,000 Union men. It is well known in Memphis that a splendid Union flag, made by a lady liv- ing in the city, is concealed, but will be unfurled at the approach of our gunboats, an event daily looked for and prayed for by thousands of hoping, anxious hearts. @ city is under a worse t! military despotism. The desperation of waning fortunes hag seized upon the secossionists, especially among the military men. Ap- peals for voluntary recruits mondo im vain, and im. pressing has become gonoral. Men and boys in the streets, in the shops, and even dragged beds and hurried to the camp of rendezvor fair grounds, to swell the ranks of men fill the streets with their lamonta' ly implore the recruiting officers to release t] aod childrem. BURNING OF THE CITY. The project of burning the city, if compelled to evacu- ate, which originated with military men now residents of this city, has.given rise to a fierce and bitter dispute. ‘The Mayor, John Park, is opposed to it, and has fulmi- nated a proclamation (which I sent you some days since) avowing hie determination to bang any man found firing a building. The proclamation was made in his individual not official capacity, and many people took umbrage at his assumptions and personal threats. Discussion be- came frequent and open, and goon two parties originated, burners and anti burners, the formor in the clear majority, and still further strengthened by the action of the Common Council in conjunction with the leading military mon, at a meeting held ® fortnight since, when the résolutim to burn the city, if necessary, was pen by a very large majority. It is most sincerely to be hoped that this resolution wiil and that our troops will com- plote the scone by sowing the ashes with salt. The de- struction of the city will involve the destruction of a large amount of property, as immense quantities of sugar, molasses and cotton are stored in the collars. It is more than probable, however, that tho furious fire-caters will take @ sobor second thought before they apply the PROVISIONS, ETC. In the mattor of provisions and the necessaries of life Memphis is poorly supplied, and has not enough on han to last six months. The coming crops, however, will partially make up the deficit; but the stories set afloat that the South has stock onough on hand to last for the nexttwo years are absurd. The it stock will barely last six moaths. The same destitution applies with equal force to wearing apparel. Only the common, blue, home-spun, linsey woolsey stuff can be procured, and that at extortionate prices. Shoes are very scarce, especially gaiters for ladies. Business of course is dull. Grain and visions are held at starvation rates, which are +4 ludicrous when you consider that Confederate scrip is the logal tender. Some littieimpetus is given to manufacturing by the war. Three very large gunboats are on the ways, which are boing plated with railroad iron; but at the slow progress now obtaining, our forces will be in Mem- his long before they are finished. An order has also Boon isgued for the manufacture of several thousand jikee. These instruments are of iron, mounted upon a pole, and combine the merits of @ speer and toma- hawk. With these fearful weapons (!) these deluded followers of Jaf. Davis propose to whip the Yankees and “carry an offensive war into the North.’ ABOVE MEMPHIS, There are no fortifications of importance at Memphis. Between city and Jaiand No. 10 the privcipal points where resistance be expected are Fort Pillow and Fort Randolph. The former 19 an earth- work, with bastions and trenches, mounting from eight to ee in barbotte. The strongest fortification is at Randolph, sixty miles above Memphis. These fortifica- tone are built upon the third Chickasaw Bluff, at an ele- vation of at least one hundred feet from the river, anda short distance south of Island No. 34, which lies at the mouth of the Hatehie river. The blue are natural bat+ teries of themselves, as at Columbus, and command the river for six miles in either direction. At the present stage of the river the piace could not stand a siege. There is no railroad communication, and all supplies must come by thoriver. Retreat by land is cut off, as the whole country in the rear is inundated, it is highly probable, therefore, that if Island No. 10 is evacuated, the a4 step is taken towards our entrance into Memphis, The fortifications at Randolph mount somo twenty-five guns, principally thirty twos and sixty-fours, Terrible Powder Mill Explosion. (From the New Orleans Delta, March 11.) Our community was shoeked yosterday to hear that the detonations that were heard ebout half-past twelve o'cloek, were caused by another powder mull explosion. A visit to the locality of the disaster showed an awful scene of devastation. Five human beings were lying dead, thoir limbs aud portions of their bodies disseyered and scattered in every direction Their clothes were blown and burnt completely of, and so mutilated were the corpecs that, in one instance in particular, it was dificult to distinguish {tas that of a baman being. This was the case of a man who had been thrown the distance of from one hundred and fifty to two hundred yards, rebounded and struck against « some distance off. fotewe mea were workmen hyo tothe mill, and John Hoiden and David Farrier, Another man, whose ont we ould not qacorieln, a miomber of @ a Funded Debt, learn they are all holding off until a battle renders | Totalamount of funded debt of alf the future more absolutely certain than it is at present. The Stock Exchange was extremely dull and inactive to-day. Central, Erie and Toledo seem to be the only active stocks on the list. They were all lower this morning and throughout the day. At the second board there was the same dull feeling and indisposition to operate. Tennessees declined suddenly to 54. Gold seems to be the only thing which is wanted by buyers. It sold this morning at 10224 and closed 102% bid. At the close this evening the market was heavy, the following being the last quotations :— United States 6’s, registered, 1881, 92% a 93; do. 6's, coupon, 1881, 9274 a 93; do. 6's, 1874, 86 a 87; Indiana 5’s, 76 a 79; Tennessee 6’s, 54 8 4%; Virgi- nia 6’s, 57 a57; North Carolina 6's, 68 a 24; Mis- souri6’s, 5054 a %; Pacific Mail, 97%, a4; New York Central, 824% a 5%; Erie, 36% a 37; do. pre- ferred, 61 a 4; Hudson River, 353% a 36; Harlem, 12% a %; do. preferred, 30 a 31%; Reading, 42a 424%; Michigan Central, 55% %; Michigan Southern and Northern Indiana, 225 a %; do, guaranteed, 46 a 34; Panama, 119 a 121; Illinois Central, 614% a %; Galena and Chicago, 67a 3%; Cleveland and Toledo, 454% a %; Chicago and Rock Island, 6544 a %; Chicago, Burlington and Quincy, 61 a 6124; Milwaukee and Prairie du Chien, 25% a 26; Cleveland, Columbus and Cin- cinnati, 112 a 44; New York Central 7’s, 1876, 101% a 103%; Erie third mortgage bonds, 92 a 92%; Michigan Central 8's, first mortgage, 99 a 9934; Illinois Central bonds, 7’s, 89 a 90; American gold, 102 a}. The Tax bill progresses steadily through the House of Representatives, and will shortly reach the Senfate. There, we understand, it will encoun- ter Mr. Chase’s bill, which has been framed with great care, and is understood to be simpler in its machinery than the House bill. It is assumed that the Senate will adopt Mr. Chase’s views, in which everit a committee of conference will be appointed to draft a compromise measure between the two bills. Less importance than would otherwise be the case thus attaches to the present decisions of the House, though they may be regarded as clear- ing the ground for the operations of the conference committee. Most of the amendments thus far adopted seem to be very judicious. The rejection of the foolish amendment levying a tax on whiskey already distilled and in store is an evidence of good sense. It would be impossible to discover all the whiskey liable to taxation, and the fair dealer would be likely to have his business arrested for €n indefinite period of time pending the visit of the taxgatherer. The only sound principle to go upon is to levy taxes exclusively upon articles of merchandise made and produced after a fixed date. No one objects to a measure which will render whiskey twice as dear as it is. But it is idle to pass laws whioh cannot be enforced, and which will only give rise to successful frauds on the part of knaves, and serious embarrassments on the part of honest traders. The Sub-Treasurer has continued all day to pay the coupons of the 7.30 notes. The amount of gold paid out has been quite large. A considera- ble amount of money is being deposited at the Sub-Treasury at five per cent interest. One de- posit came this morning from Paris, Kentucky. The following was the business of the Sub-Treasury $063,567 81 210,000 00 1,456,672 ¢ 5, The exchanges at the Bank Clearing House this morning were $19,233,657 16, and the balances $1,454,449 50. The North River Insurance Company has de- clared a semi-annual dividend of six per cent, pay- able on the 10th inst. We have received the advance proof sheets of the report of the Michigan Southern and Northern Indiana Railroad Company, and subjoin the follow- ing extracta:— Earnings.—The gross earn! from working the road, for the year ouding the 26th of February, 62, amounted, as tables annexed, to $2,250,517 91. The expenses, including the sum of $14 439 57 expen in the erection of new bi nem amounted to $1,112,970 11, roa earnings of $1,137,547 80—the proportion of working expenses to earnings being 49 %¢ per cent. weenie Perec aay ur! eo past two only $104,000, a6 $05,000 of ther amount consisted of issues and diserepancies previously made and ex: Floating Debt.—The amount of floating debt ro March, 1860, was $1,086,793 60. Adda sum of $227,017 then due, but only ascortained since, and the sum total is swelled to $1,310,811 43. The amount of floating dobt March 1, 1862, as per table herewith, is $210,087 64. ‘Against {his amount of floating debt wo hi reported, yet as “ availablo assets,” succeeding ‘ condensed balance sheet 141 24. Firat Mortage Bonds, The holders of the men (pe mh = chien Southern first and the Northern Indiana first @ bon now past due, have availed themselves of ther vert them into the first mortgage sink- tng fan to the extent of $246,000; all of this amount, but 000, having been 60 converted during this year, Though the bas been unable to pay these bonds ry ‘anvarity, suck of the holders as have not yet converted their onde have, with entire unanimity, manifested thelr willingnoss to await the ability ‘of the company; and in no case has any disposition ap: parent to annoy the company by any attempt to onforce ment. in view of the extent to which conversions have already been made, and of the appreciation in market ‘value of the sinkiug fund bonds to the neighbornood of par, {t is confidently believed that the holders of the overdue bonds will ere long convert the balance of those til] outstanding into the sinking fund bonds, according to the original provision for sonsoli- dating tho first mortgage debt of the company. Without doubt, were we now able to announce such conversion as comploted, tho sinking fund bonds would immedi fiso to command a premium in the market, and lace to which 1 , amnong the ighest priced first class mortgage seourities of our most profitabie railroads. ‘Tho holders of the first mortgage bonds, seoured by Hons on fractional parts only of the road bed and track, must appreciate the fact that they cam in no other way ‘80 surely enhance the value of their property as by con- verting them into tho first gonoral tortgage sinking fund bunds. . Tug ooatribytion to the sinking fund during the past classes, including scrip issued tn ent of coupons, as per detail- Od statement elsewhero...........sssseeees O,100,10F Total amount of floating debt fobru- ary 28, as per statement in detail 580 statement elsewhere........+..+. 220,872 ——_ nest The following table will show the amount at the several depositories of the United States, sul to the draft of the Treasurer of the United on the 24th of March:— On: ‘mi noted: toate Troaa'y U.S. Washing'n. $709,690 "41,460 G85, Fo hg 't. Treas., tees a Br ae ’t. Treas. ane. Baltimore, Ma 172,689 60,1 insast 128,007 474,628 cor's7e Loos sts = } 120301” 20,688 = 90,712 468,983 Falls of' 8t. Croi 434 805 OmabaCity, Nebraska. 108 184 Olympia City,Wash’gton - 616 Pale sh CraiscRapenery) jee Hed Cincinnati (Sherlock 66 1, Louisville (Haldeman). 690 aut ‘Tho overdrarts are Assistant Treasurer, New York, N. Y. feetiees oe Cineltaaii Obie. paie ret at Loutsville, Kentucky . Depositor} Pittsburg, Penns; ‘Depositor; ‘Total... Assay Office United heats Saint Uatted States, Phi Mint United States, San Franciseo. , TOtAl.srccrcessccerssccccersereavereces G02 16T 16 UNAVAILABLE, In States now Under Inewrrectionary Contres. on agen ga a 3 ast 338811 4 +} ofiebieitd Seebaeiae Amount subject to draft.... se eeeeees Total balance to the credit of the Treasurer. .$1,136,1) Total unavailab! The transfers or aro:— From Assistant Treasurer, New York, N, Y.. .! From Assistant Treasurer , Philadelphia, Ponn. From Depository at Chicago, Ill 60, 30 oe ‘To Assistant Treasurer, San 295,008 To Depository at Baltimore, Md. 3,008 ‘To Depository at Cincinnati, Ohio 250,008 To Dopository at Louisville, £00,008 To Depository at Pittsburg, Penn. 600,000 $4,800,000 ar 2, 1868. $1000 USO, '81,r9g 09 110 aha dem savo 97 5000 do...... 93 40.244 4-900 97: 10000U86's,’81,cou 08 100 do......830 OT! 4000US6's,lycert 965 200N YContral RR.. 63 6000 = =f do. b10 i 8T = 250 so 100 ‘p30 =. 10 120 50 Erie RR. 37 60 do 37, 200 ae 200 do, 200 do, 87. 1200 do, 37 310 Erle RR a. 100 do. a: 60 Hud RiverRR.b10 36 300 do, 3 § Mich Se. as 25 «! A : 300 12000 350 a 1000 5 Cleve, us TLT25 1360 Cleve &Tol RR.. 48 40000 kf do, wo} 10000 60 ChickRk IRR. 65: 120 sheChathamBank 80 60 ese 6 6 Imp & Trad Bank 100 6Mil&PrduChRR 96 200 Mai 60 esceceeee SO 5000 6000 Ind +s 2000 Cleve&Tolafbs 85 —_—————— CITY COMMERCIAL BEPORT. Wepwespar, April 2-6 P, M. ‘Aanms,—The market was steady, with moderate sales at $5 624 for pots, and at $5 60 for pearls. Basapsrvrrs,—Flour—The market was better for the lower grades, while the demand was moderetoand chiefly from the trade. The saics embraced about 11,000 bbis,, closing at the following quotations: te $5 225 fate, 33008 40 20 so 3506 8 5 35 a 6 50 650260 6108 TO 10a TTS + 3004 20003 16 —Canadian flour was firmer and in some better request. ‘The sales embraced about 900 bi out veal: Southern flour waa without material chagke ia pr