The New York Herald Newspaper, January 25, 1864, Page 5

{ wom. « IMPORTANT FROM EAST TENNESSEE. Meeting of War Democrats to Place Ge ™ Grant Before the People for President—" Bumored Reinforcement and Advance on Knoxville of Longstreet. Canal Bul—Its Princip: Features ‘The Grand Street Railroad, déc., &ec. Aunany, Jan. 24, 1864. Leading war democrats, from various parts of the State, are to meet om Wednesday next for the purpose of organizing @ movement to place the name of General Grant before the people as a candidate for the Presidency the programme that they will probably adopt will be to appoint a committee with instructions to call a Public meeting at Washington for the purpose of placing Geveral Gragt’s name formally before the people. The Washington convention will be held within the next six weeks. This will undoubtedly be turned into a people’s movement with men of all parties uniting in it. Prominent republicans direct from Washington state that Lincoln falls far short of receiving the support of his party there; also that a public demonstration in favor of Grant will develop a scattering among many of those now counted in favor of his renomination, ‘The Niagara Ship Cana! bill mado its appearance in the Senate on Friday. 1¢ has the appearance of close corpora- Reported Preparations of Jehn Mor- gan for Anether Raid. ‘General Grant’s Movements Through General Foster’s Department. Universal Re-Enlistment of Veteran Troops. CONDEMNATION OF A REBEL SPY TO DEATH, &., ee. we. tion. It is somewhat singular to see the names of the corporators, and then another list of directors, and the 7 timo fixed for them to serve as directors, Cixcixwatt, Jan, 23, 1864. ‘This action is without jence, and preced does not speak very well for the bill. A Niagara ship canal should be bulit, a company incorporated if necessary; but let it be done ‘decently and in order, But the idea of taking out of the hands of those who furnish the money and sub- scribe for the stock the election of directors, and legis- late a board into office, some for one, others for two, and still others for three years, is not exactly the thing; and it will be found in the end that the backers of this pro- ject have made a fatal mistake. In trying to get a sure ‘thing it often happens that some people are now and then too sharp for themselves. The following are some of the principal features of the bill — Section one names as corporators Jona, Sturges, Horace H. Day, Addison G Jerome, John Cochrane, Daniel Crouse, William A. Wheeler, Thomas 8. Vaughn, Andrew V. Stout, Isaac Hills, E, P. Ross, Heury P. Morgan, W. H. Swift, S and 'R. Poilion, U. Bf. Beach, G. V. Hoyle, William Avery, J.C, Churcbill, K. T. H. Gibson, ia B. Howlett, G, T. M. Davis, SS. Cobb, wid Utley, L. Spauldiog, P. Whitney, Jobn Fiske, Elijah Ford’ Henry Wells, John Magee, John Buttered, A. T, Brainerd, Gerrit Smith, C, Hotchkiss and Dean Richmond, all of the State of New York; P. Chamberlain, of Cleveland; E. Conkling, of Cincinnatt; E. G. Merrick, of Detroit; E. H. Broadhead, of Milwaukee; W. H. Osborn and’ J. B. Blackstone, of Chicago, abd Henry Hitchcock, of St. Louis, Section two—The capital stock of said corporation shall be $6,000,000, to be divided into $100 shares. Section three—W. F. Allen, Henry Fitzhugh, Delos De Wolf and David C, Judson, of New York, and Charles Lombird, of Boston, shall be commissioners to open books for subscriptions, said books to be open on or be. fore the 1st of June, and notice thereof to be published in some public paper printed in the counties of Oswego, Niagara, Krie, St. Lawrence, Albany and New York. Section four provides for meetings of the stockholders after the requisite amount shall be paid in, Section five provides that the management of affairs shall be done by a board of fifteen directors. Section six names Abiel A. Low, Jas. H. Wells, G. T. M. Wells and David Dows, of New York; Frank Hi cock and Austin Myers, of Syracuse; Delos De Wolf, L. B. Crocker and Luther Wright, of Oswego; Charles B, Myers and B. James, of Ogdensburg; Wm. W. Mann, of Buffalo; Marcellus Massey, of Watertown; Charles B. Stuart, of Geueva, and Lorenzo Burrows, of Albion, as the first board of directors, to be divided into three classes. Thefirst class serves one year, the second two years, and the third three years. Section seven—None but a stockholder shall be eligible for the scion director, pis Section eight gives tors power to regulate the sale and transfer of stock, &c. boat - Section nine provides that every stockholder who shall Tefuse or noglect for twenty days to Bes for his stock may be competied by action to,make su i Section teo—Tue said corporation shall have rer to construct a shipcanal of sufficient dimensions to allow ves- sels of at least one thousand tons burthen to pass from Lak ‘ie to Lake Ontario, and from Lake Ontario to Lake , commencing at some conveurent point on the Niagara river, above the “oy and terminating at somo convenient point below upon the same ren and for that purpose sbali have power aud authority, by their engineers and agents, to eater upon any lads or streams of water for the purpose of making the necessary preliminary exami- surveys, and to enter upon and appropriate to their own use, the purpose aloresaid, any lands or streams of water for the construction of the said canal, with such dams. guard gates, waste wiers, locks, lock houses, basins, bridges, tol] houses, &c., &c., as may be necessary for the safe aud convenient navigation of the said cunal and its preservation and the preservation of the works connected therewith. Section eleven provides that before takin; be, Larsaeyea of any lands or streams of water it shall be duty of the corporation to acquire the title to the land by purchase, or voluntary cession from the owner. Sections 12, 13, 14, 15, 16 and 17 are in relation to the purchase of the lands aud the legal proceedings to be em- ‘The Despatch says Captain Ekin, a staff officer, from ‘Bnoxvtiie on Thuraday a week ago, brings information ‘that Longstreet has been reinforced with twenty thousand men, and was advancing on Knoxville, pushing Granger’s forces before him, It was thought that our army would be compelled to fall back to the intrenchments at Knoxville. It was reported that John Morgan, at the head of five ‘thousand cavalry, was about to make a movement to cut off communication between Knoxville and Chattanooga, Sr for a raid in Kentucky. Mr. James C. Fitzpatrick’s Despatches. Kyoxvitee, Jan. 6, 1864. General Grant and stafftook their departure from here on Tuesday last, proceeding by train to Strawberry Plains, where an interview with General Parke took place, alter which the party started on horseback towards Cumberland Gap. The General is desirous of personally inspecting the country and the condition of the roads be- ‘tween East Tennessee and Kentucky, and hence the se- lection of this route for his return to Nashville. The cold snap spoken of in my last terminated in rain, which in turn was succeeded by another cold spell and a ‘Blight fall of snow. The re-enlistment of veteran troops went like wilafire throughout the army. The Twenty-first Massachusetts regiment takes the lead in going home of the Ninth corps, Assistant Surgeon James Vliver has taken the ‘wounded by way of Chattanooga, and will await the ar- rival of the regiment at Cincinnati. It is to be regretted that many of the Union refugees who fled from the State during the rebel occupation of it ave, since their return, been guilty of many atrocities Auumber of murders committed by them are reported. It {is unnecessary to say that such proceedings are not coun- fenanced by the Union authorities. On the contrary, orders were issued a long time since against the practice of taking punishment into their own hands by those who daa been injured. The strictest inquiry will be made fnto the cases reported. Certainly the instigators of re- Dellion in this State, and the persecutors of Union men, ere meeting with a terrible return for their evil doings. Kroxvinie, Jan. 7, 1864. A SPY TO BE EXECUTED. ‘To-morrow will witness the solemn spectacle of a mill- tary execution. The condemned ies spy captured within Our lines last month, who was tried here by court tial, and: sentenced to be hung on the 8th inst, THE HISTORY OF THe CAsB. ‘The prisoner’s name is E. £. Dodd. He belongs to Com- pany D, Eighth Texan Rungers, and on the 16th or 17th of December ast was captured by a lieutenant of the Home or National Guard of Est Tennessee, near Brab- fon’s mill, about eleven miles from Knoxville, on the road to Sevierville. He was at the time dressed in ‘Union overcoat and pants, and was accompanied by two other rebel soldiers. Qn his person wae found a diary, fn which allusion was made to his having passed as a ‘Union soldier, ana ulso to bis having sought information 3 ed, provided the owners are Dot di=posed to part with bends °° ap tn dis 2rve sa agape aa lands on fuir and reasonable terms, ssi martial was convened; witnesses testified to bis in- | “Section eighteen orders that whenover one-third of quiries about our forces, and to his having worn the boa = bey _ have Rg bcbg i, en per cent same pal in e@ corporation Union unitorm, and after due deliberation he was con- | Sno, 00 doomed auly organized. and may nt any time victed. In his defence be claimed that the blue pants ‘wore @ portion of the uniform of the rebel States; that the overcoat he wore from necessity, not from choice, and that the inquiries he made were for the pur- ‘of enabling him to get out of our lines and rejoin 8 command, from which he had been detached by Longstreet’s retreat. The following are ‘THE PROCESDINGS OF THE COURT MARTIAL. GENERAL ORDERS—No. 3. Hravquantens, Devantaunt oF THE ig } Kxoxvitix, Tenn., Jan. 5, 1 I. At the general court martial which convened Jills Tennessee, ber 28, 1863, pursuant to = rom headquartera, Department of 1) ‘and of which Cvlonel Al Raut, Second T oinlo Velunicer cavalry, is President, was within five years from June 1 next commence the con- struction of said canal, aud incase the corporation shall fail so fr to complete ‘the caual as to admit the passage of bouts and vessels through its wbole length within ten years the franchise is to be of no effect. ‘Section nineteen gives the corporation power to demand tolls on all vessels, floats and cru(ts, and the property transported thereby, and all timber avd logs passing through the said canal, such tolls not to exceed in the ag- gregate for any year the cost of operating and keeping in repair the said canal and ten per cent interest on the cost of its construction, free of government tax, Section tw enty—In times of war or any civil commo- tion vessels of the United states, or those bearing exclu- sively munitions of war or troops of the United States or this state, shall be entitled to the preterence over all other vessels in pasging through said canal, and may Faigned and tried = Doda , company D, Eighth Texas Cavalry (rebel | pass free of toll, and all property of the United States any) may pass (ree of toll. eee t eo sed with! Section twenty-one provides for the punishment of avy or, found and appfchended within our Hace as a party found wilfully guilty of injuring any of the pro- ification First—That B. 8. Dodd, Company D, Eighth Texas cavalry, ‘did come within our lines disguised in United States uniform, and did represent himself as belonging to the United States arm: ud did endeavor to procure in formation concerning the strength and position of certain Uutied States iorces, and rocure such information by means of his disguise and false representations—all this on or pear the road . Marysville to Sevierville, and bouween the Ist and 13th days of December. I Acation Second—That 8. Dodd, Company D, Eighth Texas cavairy, was found secreted within our lines, and in the vicinity of our pickets, di-gu sed iu United States uni- form, and was tiereupon arresied as a spy. This at Timo. thy Chandler's cowhouse, tn Sevier, county, Tennessee, on or pou the i7th day of December. 1363. ‘o wich charge aud specifications the accused pleaded as perty of the corporation. Section twenty-two provides that the corporation may accept on any terms, not inconsistent with the charter or the laws of the United States or this State, or any State, any grant of land, bonds, moneys or credits which may be made to them,” for the Purpose of constructing the canal and the works connected therewith, aod may hold and dispose of such iands for that purpose The State of New York shall have the right to purchase the said canal upon the payment of ten per cent in addi- tion to the cost of construction. poration shall be liable to their creditors to the same ex- tent as stockholders of railroad corporations are now follows = a apectfication—! liable under the general Railroad act. Be ae ee ion ier utility, Section twenty-four—This act to take effect imme- pelo pcm tite fienodict bs introduced a bill nto the Assembly to Se FANDIN The court, after mature deliberation on the evidence Sacorporate the above company, which names as corpet Seen finds the eccuned, 8: Dodd, Company D, Biotin tors Charles Curtiss, A. B. Darling, William 1. Shi ees Se eens ome Isaac Pick‘ord, Fliza Ann Gray, Join H. Chambers, Jobo mor the ret feation—Gui Back, Isaac Edwards, Edward M. Thomas, Gilbert C. Of the fmeation-—tiity, Dean, George E. Reed. George P. Nelson and Wm. Bangs, Of the wiley who &re authorized to construct a railroad through the a SENTENCE. And the court does therefore sentence him, E, 8. Dodd, Company D, Eighth Texas cavalry (rebel army), two-thirds of tne members concurring therein, thathe be hung up by ie neck until dead, at suci nd place as the Commaué General may direct. The proceedings, findings and sentence in the above eu are approved and contirmed. follow img streets:—Beginning at the easterly extremity of Grand etreet, thence through and along Grand street to Varick street, along Varick to Watts street, through Watts to Greenwich street, along Greenwich to Canal street, along Canal to West street, along West and Wash- ington streets, through Washington to Watts street, along Watts, with ‘& single track connecting with the double ‘The sentence will be executed at Knoxville, Tennessee, Feet wil Oe a Or Brigullor Gocor’ Ss. Po Carter, | track at the intersection of Watts street, with all neces. Provost Marshal General-ou fiuay, ‘he sth day of Januaey | Sary turnouts, switches, &c. The fare isto be uo moro oreoce PM the hours of ten o'clock A. M.andiwo | than three cents. o'clock + Major General FOSTER. BU sar Snr Commas Jt, A. A. G. ouRae "A dounaxo, Captain and A. D, ©, a ‘SENTENCE READ To HIM. Yesterday forenoon Major Gratz, of Geu. Carter's staff, ited tba in prison The new ship Coromandel sailed yesterday after- noon for London. When twenty miles outside of Boston ‘vis ‘and communicated the sentence, For some moments after the truth broke upon bim Light a mutiny occurred among the crew, and ope man Sree conten Cae, ban, Fenpverine, a was badly stabbed. The ship put back to Naptasket fs there no mercy for the widow's sun?’ He bas soug! for a deiay of execution, but tap to the present Ro reprieve Reads, and the wounded man, the assailant and one wit- bas been ness were brought to this city. The ship awaits three A VISIT TO THR PRISONER. hands to proceed. I paid a visit to bim in the prison this afternoon, and = SoRNE Sd canst aa Cries cia wi as wall as ‘bis conversation, shows, him to be food education Saw Francisco, Jan, 23, 1864. He i: of aes cellianes wall cee fy) Sous, Sailed steamer Golden City, for Panama, with $1,038,000 lensing an wi ro in Kentucky, $450, Pere bie futher now lives, and is about 24 yours of age. in treasure for England, and $450,000 for New York, and His boars Bia taae, fave, manfully, declaring that he has no fear | about fifty paswengers. death, ‘is innocence. He is ie . ier, and abhors the disgrace of be! hong a8 & spy. Rev. Mr. Martin of the Preabyterian church has been with him, and afforded the consolations of his oftce, During the intervals between the visits of T secntieue, does rere nai. Sone Maht Woo ing Cereus the authorities and the writing of letters he occupies the Rye: ir used, time in devoutly reading the Bible, _ eeras ‘The taste for it becomes © THE GALLOWS nied oe LON & SON, 517 Broadw has been erected on the of Bo Phen od oon u ‘ay. Of Lhe one where the rebels hung a Union man last spring. A Beautiful Complexton.—Latra’s: Bioom Miscellancous. oh Scrmpletion sad” im, ry Broad by fend, artirying the ovmpte da Five seats in from Missouri are contested. Reaititnet 70 — er A Mr. Bruce claims seat now held by Mr. Loan, and that cae ts now before the committee. Address to Smokers. A fatal disease ts prevailing at Carbondale, Pennsylvania, POLLAK & SON, Meerschaum manufacturers, 887 Broome It is called the netted fever, and, wt mj Va street, near Bowery, are selling Pipes at retail, -@eption of a very fow cases, has skill of the physicians. From ats 90 cig erate A Cure for Hi ir Ra «occur, the victims dying within a few ater pt 7 Wh rene. LEVE! cattaoked. WHITE'S PATENT LEVER TR a different in principle and action wR ek es Re | dats Seas ta awa in K jn 5 seine toe wins toletond tro: chk by the wired. + cure jarvey Hutchins bas just recovered, at Batavia, N. Y., wa yordl ae 110,000 against the 3) Syracuse and Riilroad Company, for injuries remaived whilea aeagee ou & train, whieh have rendered him unable to walk. and alee iNy end se a ‘atied ‘cop ty “ap tor, Br ginics ‘The Dayton (Ohio) | Seanery Fair netted $17,581 63, for |] A pies Hair Dye—Miller’s; Only 50 she bene! i or Gee ped conte a box, Try it. Ben, ea Depot, 66 Dey ay Arrival an i —— Metallic rh att Ss oe re teat pdr jeasrs Mean way, corner o iasgow siamo ae WT, A Kingdour—Matthew Weir neo eo ftchene Piles Pere se Dr. ey 1 haa " rover feed tocure the aeoree SeMEES Section twenty-three—The stockbolders of the said cor-, Kanrvogy. Brrea 135—Jen, 14, 37, 63, 32, 57, 11, 36, 48, 5 eet 4, 16. Kawrvony, O14ss 1 jan. 23, 42, 19, 65, 23, 7, 20, 35, 63, 69, 67, 38, 1, 71, 60, 60, 8. ‘sent free of by addre \URRAY, EDBy & 00.. wington, Ky. SE Omctal Brown 6 Of th cpr aes s' e — College xvas, Oras 6) 65, 46, 4, 55, 63, OM "6, rie? 24, 12, 37, 23, 1864. Ass 0—Jan, 28, 87,62, 50, 13 "5, 68, 39, il, 3, 32, 10, 36, 15, 71,48. Circulars sent by addressing 1, B, SIMMONS & CO., Buccessara io Morris & Co, OMctal Drawings of the Ses eth Asso- tation Company's Lottery of Kentucky, Lass 895—Jan. 23, 25, 18, 62 75, 70, 11. 61, 5, “a A, 30, 49. Criss 635—Jan. ‘23.1 12, 23, 62,25, 65, 2,50, 05, 38, 8,60, 54, 67,21, 1, Gireulars sent by addressin, CO., Managers, Covington, Ky. FRANCS, EuLis Messrs. Simmons, Rogers & Co. are authorized to receive deposits and_make collections on our ‘account, Z, K, SIMMONS & CO, Prizes Cashed in All Legalized Lotte= Plosand information given. GALLAGHER & BENJAMIN, Brokers, 810 Chestnut street, Philadelphia, Prizes Casnea in AlL Lagal Lotteries. Prompt and ina information given or sent. J.B. CLAYTON & CO., 10 Wall street, N. ¥, Royal Havana Lottery.—30 Per Ceng Prenton paid for Prizes. Information furnished. Hi cet rates paid for, Doublogne and all kinds of Gold and i. ver. ‘AYLOK & CO., Baukers, 16 Wall street. Royal Havana eee ee College Lottery, to draw Saturday. Januai . Particulars fur- Diahedprizes cashed and bij hest prices. paid for gold, allver and uncurrent money, by F. A. GACKGON & 60." No.9 ‘Third avenue, New York. Grand Scheme on the Royal Havana plan of the Shelby Gallego Lottery of Kentucky, Informa- tion furnished, ALECK & CO., Brokers, 33 Pine street, Lottery Tickets Cashed in All Legal- ized Loterter Information given, EPH betel i Wall street, room No. 1, N, ¥. Ratenhelor’s, Hair Dye—The Best in he world. Harmless, reliable, instantaneous, ‘The only fect dye. Sold by all druggists. Factory 81 Barclay sitet. Cherokee) Remedy Cures in from one to three days. One bottle, $2; three bottics, $5. Sold by ail druggists Sent by express by the proprietors. Pamphlets free. Dr. Wright's Rejuvenating Elixir or Essence of Life re- stores the manliness and vigor of youth, One bottle, $2; three bottles, $5. Sold by me “druggists Sent by express (pamphlet free) by the proprietor. Dr. W 5 MEEWIN & CO., ty street, New York. Chapa, Chafes, Salo . Eruptions, Bpot and all Skin Blemishes cured by GOURAUD'S fails STedicated BOaD, 453 Broadway. Corns, Bunions, Inverted Nails, En- ree Joints and all diseases of the fect cured. without pain’ inconvenience to the patient, by ZACHARIE, Bur- geon Chiropodist, 700 Broadwi Cristadoro’s Hair Dye, Preservative and Wig depot. wholesale and retail, No. 6 Astor House. ‘The dye applied by skilful artists. we: 3 Deafness, Impaired Sight, NOISES IN THE HEAD, CATARRBAL AFFECTIONS IN THE THROAT, CHRONIC CATARRA, CATARRH OF THE TYMPANIC mucous MEMBRANE, OBSTRU! ToS or eee TUB CROSS BYE erhalgnteNnD IN ONE And every disease of the Eye and Br tOn ee, medical or surgical afd attended to _ at his consulting rooms, 816 Broadw Grover & Baker's Highest Preminm Elastic Stitch Sewing Machines for sale at 935 Broadwav, Bear Twenty-second nireet. Also, Machine Sewing of every description done in the best mann Gouraud’s Poudre Subtitle Uproots Hatr {Eom upper lips, low foreheads, or any part of the body. adyray. Hoyt’s Hiawatha Hair Restorative differs from - Dyes impart ® uniform dead black color to the hair. so that different persons have the same colored hair; the Hiawatha restores the hatr {9 tla original color and preserves the harmony between the complexion and color of tho hair, Dy hours for application. ‘the any hair dressing. Dyer a *ihe Hinwathe | hate. Dyew wal Cleanses it it So ge contact with ft a gives ct en be washed fork The Hiawathe, restores the Datu: of the hair, a is preferable? JOSEPH HOYT & CO. No. 10 University place, N.Y. Lesiie’s Ginger petal, P was soothing, refresh For sale at all the leading grocers’ in the city. © - Lea & Perrine’ apna ace arts, alt pints, Tn quarts. Pins OHIN DUNCAN & BONS, sole agents, Union n aq nd Fourteenth street. Mauger's Direction Labels and Tags, Dennison's Merchandise Tags, Patent Direction Label Fay's Patent Hook De. Tickets, &c., at VICTOR E: MAUGER’S, 115 Chambers street. sae yd Geary, the Talented Vocal- Ant, e ood reason for, highly recommending KENDALL'S Ruboffoe forthe hale.” Bold by all druggias. Patents! Patents! Paten Messrs, MUNN & CO., publishers of Nhe SCIENTIFIC AMERICAN, continue to act as Attorneys for securing Pa- tents for new Inventions in this and all foreign countries, Mensrs, Munn & Co. have had seventeen years experience tn soliciting Patents, and have acted as Attorneys for more than 29.000 inventor phiets containing the Patent Laws and other impor- tant Information for inventors, furnished free on appilca-, tion. Consultation and advice five. Address row, New York, or Washington, D. 0. Pure Country Milk Ca: ateight cents per quart by applyii BMITIVS old establish 24 None but @ pure arti Silver Watche: Sliver Hunting Lepine Wa' 14. $I Bilver Hunting Detached r3—$15, $1) wane Hunting English Patent Levers—$33, $: 7! For axle by GEO. ©. ALLEN, 415 Broadway, one door be- low Canal street, formerly No. 11 Wail street. S. T.—1860.—X. We will pay $1 per dozen for all Plantation Bitter Bottles delivered Wourmanutsctors, 105 Liberty sireet, in good BEWARE oF COUNTERFEIT STUFP, IN REFILLED nding to sell a Fnon preter hantation Bitters by the No ee in bulk, tor and ewind! Ske THAT EVE ERY HOTILE HAS OUR Fhavare aov. MENT STAMP OVER THE CO it DRAKE & CO. The Eye and the Kar Treated Succe: fully.—Mrs. M.G. BROWN, Metaphysical Physician, Ac. has suocesetully treated many Rew caves of di ‘dixeane gyen catarrh, dc. the past week. Her Metaphy; jeafness, cata hes, $5, and Poor Ric '* $i: can be appiied by the’ patents themselves. No instru, ing, Some of the cases st week a 74) of Gearnens, 329 Ena pel, of dearpees ac, . 329 Bast, Thifeth tify the Complexion without eh Madame LEWENBBRG'S Pastilies oil druggists and perfumers, and at 660 Broadway. ne ‘and sallowness use Madame L.'s Pastilles # la Rose. ‘Wheeler & Wilson's fone oa Premiam Lock bir ‘Sewing Machines, office Broadway. ES FINANCIAL AND COMMERCIAL. Sunpay, Jan. 24, 1864. We republish the following table of the estimated receipts from internal revenue under the new law now before Congress, for the purpose of showing to what extent the income of the government from that source will defray the expense ms the war:— ~The Secretary of the Treasury in his last annual re- port admitted that the expenses of the war since ita commencement had been defrayed by loans, which nothing but the expectation of ita speedy termi- nation could fully warrant, and that now the chief reliance for any substantial increase of revenue Must be on internal taxes. Mr. Chase, it seems, has opened his eyes to the fact that the system of borrowing, with no adequate provisions made for payment, has a limit which cannot be passed with- out encountering disruption and disgrace. We have Tepeatedly called his attention to the so often demonstrated fact that wars cannot be carried on for any great length of time by a people who are Tegegdful of their oredit waleps the hulk of te expenses is provid>d for by taxation? Loans to @ certain exte’ may be necessary i order to place @ nation which has suddenly assumed hos- tile attitude upon 8 war footing, or to give quick movements to armies, or to provide for any emergencics which may arise; and for these latter purposes particularly the credit of @ country at war should al- ways be kept in » sound condition; but it has been clearly established that the expenses of a Protracted struggle must in the main be borne by the generation upon which the misfortune falls, in order to avoid the accumulation of a debt which might require the assistance of virtual repudiation to discharge. History shows us that in the long contest in which England was engaged with the French republic Great Britain paid four-fifths of the expenses of that war by the revenue obtained from internal taxes, and by strictly adhering to that system she was enabledto maintain her faith to the extent at least of an acknowledgment of her obligations, and to preserve her credit to the end, In leas than three years of war the United States has burthened itself with a debt nearly half as large as England accumulated during a series of desperate struggles on the continent, lasting more than twenty years; and our debt {a increasing at the rate of eight or nine hundred millions annually. The yearly interest on our debt aa it now stands is in the neighborhood of fifty-five millions of dollars, and before the close of the present year, if the rebellion is not crushed, Mr. Chase will add to our obligations an amount sufficiently large to require the raising of over ninety millions of dollars annually to discharge the interest. The expenses of the war, commencing with the opening of the coming spring, owing to the increased means for carrying it on which are now being added, and the large number of addi- tional men which is being raised, coupled with the enhanced price of everything necessary to equip and support an army, will be run up to two and a half millions a day for the remaining part of the present year. To meet these large expenses we have the above estimate of the amount which will probably be derived from internal duties and the receipts from customs and miscellaneous sources, which, taking the Secretary's own figures, will yield only the following aggregate:— From tnternal rovenue From customs From lands. Miscellancous 60 + 148,500,000 Total, —Thus it will be seen that we have a revenue of but two hundred and twenty-four million five hun- dred thousand dollars to meet expenses which will amount to over nine hundred millions before the close of the year. The excess must, of course, be obtained by additional loans, which will swell our indebtedness to nearly twenty-four hundred mil- lions of dollars before the Ist of January next. These calculations are based upon the supposition that the war will continue; and much better would it have been for the country to- day if the idea had never entered the heads of our officials in,Washington, at the com- mencement of our troubles, that the rebellion could be subdued in ninety days. If they had then made their arrangements for a protracted war, and shaped their financial policy with a view to such am emergency, our debt would not have attained the alarming proportions | that it now presents, and there would be less anxiety manifested in regard to the probable chances of the country’s sustaining its credit. We have reasoned and advised Mr. Chase, time and again, to abandon the borrowing system, and to come squarely down on taxation as our only salvation, There is no other policy that will carry us é@afely through and give satisfaction to the present as well as to after generations. We have bountiful resources which are fully capable of paying every dollar of the expenses, and the Secre- tary, putting aside all fears of the consequences, and totally regardless of any political favors which might be withheld from him, should demand from Congress power to call upon the wealth of the country to sustain it and to aid it in its en- deavors to destroy those who seek to blot out our nationality. By such a movement he would re- store the financial status of the nation, sustain confidence, avert bankruptcy, reinvigorate credit, and raise our monetary condition once more to the standard of coin. ‘The whole number of national banks which were organized on the 12th of January was two hun- dred and eight, having an aggregate capital of $32,234,200, divided among the States as fol- lows:— Number. Capital Connecticut . Kansas. Louisiana. Massachusetts Michigan... Maine ....++ Missouri Maryland... Minvesota Now Yor New Hampshire New Jersey . Obi0....+ . Pennsylvania... Rhode Islan Tennessee Vermont... Wisconsin West Virgin District of Columbia 3 Whisiaue SS che anes prnntte ‘The following table will show the prices of stocks at the close of the past five weeks:— bag Jan.2. Jane 9. ime 16.Jan, 28. Ox om OTs 46% ABM The following were the quotations of govern it stocks:— nt Jan. 9. a Cr Jan. 28. jgsterod 6's, "B1.... + 104% 106 by 6's, '81 Sie 308 106 * Five.tweaties, + 1OL = =— 10175 104% Coupon '5"s, "65..... +137 130° 130 One year certificates « 91% OTN OTK Tand 3-10 notes +106 «10610 United States 6’ _- 100 06 United States oo - 106 The money transactions at the Sub-Treasury in this city during last week were as follows:— For Customs, Totat oo aoonsed Seac ott 2,100,773 8,811,084 2,124,504 2,620 ipod 30k Bronco 1,981,605 2,061 21,963,604 18,000,728 —There was ® balance inthe bands of the As- sistant Treasurer on Saturday evening amounting to $42,030,519, The receipts during the week ex- ceeded the payments $2,799,866, ‘The highest and lowest quotations of gold in this market during each day of the past week may be seen in the following table:— ink 188% 166 Is ‘The earnings of the Galena and Chicago Union Railroad during the week ending January 16 were NEW YORK HERALD, MONDAY, JANUARY 25, 1864, IMPORTANT FROM THE STATE CAPITAL. | o'vtsstarsmecmng. oc murrty: aay CITY COMMERCIAL REPORT. Sarurpar, Jan. 23—6 P, M. Asums.—Receipts £9 bbis, Market very frm, with Gales of 30 bbls. at $8 7% Cor pots, and $10 for pearia, Banapstorvs.—The receipts comprise 14,062 bbls. flour, 646 bbis. and 2,372 bags corn mext, 575 bushols wheat, 22,350 do. oats, 18,137 do. corn, 95 do. rye, and 1,820 do. malt, The market for State and Western flour was dull and drooping, though prices indicate no decided change. Tho dolay in the receipt of later news restricts business somewhat, though Saturday is proverbially @ duli day. ‘The salos foot up 8,000 bbis., the market closing dull. Southern flour was sustained at previous prices, but the demand was less active, comprising 11,000 bbis. Cana- dian flour was heavy and dull, with sales of 500 bbis. Superfine State and Western flour. 6 Extra State. . So 10 ~ 700 76 60 8 50 770 1 00 +1778 810 . 8168 10 16 Toa 715 Tbe 615 . 6 60 670 + 6 30 6 36 29 00 a 30 00 2 00:02 625, —The market for wheat waa ‘calloa frm, but in the ab fence of the steamer’s news, overdue, the demand waa slack, and at the close it was difficult to realize Friday’s Quotations, The salea foot up 70,000 bushels, at $1 51 $1 51 for Chicago spring, $1 54 ®$1 68 for Milwaukee Club, $1 58 @ $1 60 for amber Milwaukee and [owa, $1 63 8 $1'67 tor winter red Western, and $1 67% a $1 72 for amber Michigan, fo &c. Rye was acarce and well hel@ at $1 30a Barley ruled in favor of the buyer; sales 9,100 bust at $1 30 for inferior Canada East and $1 36 for Stato, Burley malt gold to the extent of 4,000 bush els at $1 68. Cor: ; sales 75,000 bushels, at $1 20 a $1 22 for new crop Jersey and Pennsylvania yellow, and $1 25 a $1 26 for Western mixed, closing at the higher figure, Oats were in active demand, in part for government, and, with but few ar- riving, the market was firm; sales 130,000 bua 8 920. for Canadian and O2c. a 93 %4c. for Stat have been made of 80,000 Ruataa cocoa- Hors were in steady demand at 23c. a 33c. for new, ac cording to quality, Motassre dull, with a few salos at previous prices. Conyre very quiet, with gales of importance. Corron,—Ii consequence of the discussion regarding the tax upon this article of merchandise, the markot bas been very much unsettled, and, with limited sales, mid nds may bo quoted, at 8430. nominal. 3 wore dull and lower. To Liverpool, per American flag, 2,000 bbls. tour at 1s. als. 14¢d., 300 a 400 boxes bacon at.108 a 118. 6d., 50 bhds tallow at 103. and per neutral, 14,000 bushels wheat at 434d., 1,000 bbia. flour at 18, 3d, and 200 boxes bacon at 173. 6d. ' To Lon- don, per neutral, 350 boxes bacon at 183. a 18s, 9d , 250 pk. butter at 20% and 100 bbls. pork at 28. 9d." To Glasgow, per steamer, 60 boxes bacon at 36s. ‘to Ant- werp, 100 bbls. refined petroleum at 68. To Hamburg, 500 bbis. rolined petroleum ut 6s., and per steamer, 3,900 bushels corn at 9d., 600 pkgs. butter at 40f., 200 bales tobacco at $1 and 40 bhds. tallow at Australia freights were dull at 35c.to Melbourne and 40c. a 4ic. por toot to Sydney. Calltornia froighta were ateady, with some seven or eight ships on the berth. Wo barr cual at $19 a $20 per ton, measurement goods 35c. per foot and weight at %o. alo. per lb. Now reas freights were dull, and some kinds of freight were taken at lower rates; some lines were offering to take coal at $6 per ton, and measurement goods at 12ic. per foot. A neutral bark to Rio, flour at 7éc. per bbl. A neutral brig to Havana, privilege of second port and back, sugar at 45c. The Shipping List notices the follow. ing obarters in addition to those we bavé reported:—A ship, 837 tong, at Boston, thence Valparaiso and Vallao, about $10,000; a bark to Vor Cruz, railroad ties, 66c.; a brig from Philadelphia to Vera Cruz, ‘ailroad ties, 60c.; one, 192 tons, to Porto Rico and back’, sugar at 45c. and molasses ‘at $435, undor deck; a British = 240 tons, to Guadaloupe, 50c. per bbl.; one, 260 tons, to ‘St. Jago and back, sugar at 50c.; a brig. 296 tons, to Cienfuegos and back, sugar at 45c. ‘and molasses at $3, 00 deck; a British brig, 3, "000 bbis., from Ctenfuegos to New York, same cargo and rates, British brig, 182 tons, te Havana and back, $2,000, part gold; a brig, 318 tona, to north side Cuba and back, sugar at 48c. and molasscs at $4, under deck: new ship General Grant, 1,000 tous, at Bonton, thence to San Francisco, about $30,000. Parrouxom.—Reooipts 738 bbia. The market to-day ‘was dull and mominal. ..Crude was treely olfered at 3ic. on the spot and —— delivery to Sarch 1, buyers’ or sellers’ option, and eales wore fair at the lowor rate. Refined was freely offered at 463,c., and 46c. would have been taken for any quantity. The sales were 6,000 bbis. crude, mostly at 3ic., on the spot and February de- livery, buyers’ and seliora’ o 1,000 bbls., for March, were said to have been sold at a lower figure; but we could not trace it. About 1,500 bbis. refined sold at 46c. 8 46%c. for light straw to white; 400 bbls. free sold at Gio, a 55, Benzine was nominal. Provisions,—Receipts 950 bbls. pork, 412 pack- os beef, 1.586 do, cut moats, 366 do, lard and 3,767 dressed hogs. There was no particular chungo notice in the market for any kind pro- visions to-day, and only a moderate business was transacted. der for pork was light and the sales moderate, chiefly for immediate deliver Beef steady, witha fate inquiry. Beef hams were qui very firm. Bacon was unchanged in every respect. Cu’ meats we teady, with a moderate domand, at it Friday ‘8 quotations. Lard was duli, but prices remained without Change. Thesales wore 1,100 obis. pork, at $18 62a $19 78 for old mess, $22 a $22 28 for new do, ‘and pages ai prime, Also 600 do. for June at $22; 900 do. a $14 for moss, $i5 a $16-for extra do., and $4 at oo country prime and mess; 100 do. Western beef hams at ; 350 boxes bacon at 10%c. for short ribbed middles, and’ 104c. a 10%c. for Cumberiand cut. 100 bbls. and. tierces lard, all on the spot, at 13c. a 135¢c. Dressed hogs sold at Oc. 8 10c. for city and Western. Butter and cheese were unchanged. SvGaR was quiet, with sales of 00 bhds. Martinique at aye. miskeY was lower and Gnsettied; sales 450 bbls. at 84 4¢c. @ 85c. for State. SHIPPING NEWS. |< Me: ee @cean Steamers, Maile are Torwarded by every steamer in the lar lines, The steamers for or {rom Liverpool call at Queenstown, os. whieh call at Londonderry. ‘The r Pia ihe Continent, call at Seutnamptes. Names. Louisiana Damascus: f ity of New York ustratasian Liverpool... Liverpool. Gal SPECIAL NOTT Au fetore ond packages intended for vine New Tone Ben.to ARRIVED. Steamshio Etoa Br), anes Liverpool, Jan 6, and a with mdse and 20 passengers, Ry Buo; Cu Stepmneni a h, 7 AM, 8) miles W of Fast ip Australasian, hence for hive 1; 9th, t PM is ‘61 12, steamsh'p Hecla, hence for Liverpool: 224, ‘ammlee Hof Sandy Hook,’ steamship Glas for Ms 5 |. a screw steamer bou Untied Kingdom (Br), Burns +, Glasgow, Dec 27, witl jeenmown 7th, to voba G Dale, "eth inet, of New York, bound io via Jan 21,9 mdse and 44 passengers, to "eamanip Ai mera (0 8 transport), Share, New er aes, xia sia Jan 1D. i 2 Btarcimaner. ht inst, naw steam rego, neace for See an te 8 transport), Orocker, Port Regal, J Juartermaster. joore (U 8 transport), Winters, New- Hashi ‘dae A tat iiea08. ork 5 35th, lat 1320 8, lon peeet Grand Tork. T i is ai salt and sugar to H Trowbridge Sons, of f wn Berk Maria Somes (Br), McLean, Pernambuco, Dee 19, re Pnanpiinnier, Morrie, Port Royal, 4 days, in ballast, (Meck). Vous, Odessa, 118 days, with x Wendt. "ted very bad’ weather’ an Chee Be Re sang, Nov cae “iartin Ay leidti Rio. incke & Wendt ‘ied Carnell na 7 1 Foatonsae D Morga with coffee, Sn Burgeraiee Ste ea (Heo ot netro, “ira Bucorus Dats spore for WOrleans Bonaire, 16 days, with salt “aig ‘oh Stanley, Long Island, Bahama, 9 dare au pesiace ‘——~, Beaufort, NO, in ballast, ta Rogers, Norfolk, 3 days, with wood, Biack River, Ja, 13 days, tts, Jan Le eat, obec whose Le A eo ia ‘stk Bis ir yw te moment wreck fo Noating vetwoen rind Rnd water, ao a arcu eeu atonal ‘allen, Vi - \ Tie 4 Behr J Wath, % Bronster, New oreo (or Veeriaia. bieamer King, Sher, Nye. Provide: er Fi ‘Jones. Proviaenee falcon. Bloamer Nighting, 4 (new), Wi Steamer Weybouse: (new, Bryaa BELOW Bhip BZ, Armatreng, 1..vim Liverpool One bark, ‘unkeows"” A dor Mystic. iyatic, baNEb Oty" of Richmond; brigs Merfiay Princes iulken. Mt Bane, Montauk; ships Antaretic, I Piras orks thee Lauretto, Mary, Anita, briga It E'Swan,” Vampire, Maria. Oleander» Bre cose ‘arren, L Berry; achre AYethea, a, 3 ulin oe Jayne, © Roberts, St Lawrence, Win ivaies, mee Wind at sunset SW. Disasters in the Ba! The following 1s list of wrecksand disas'e7r im the Bar amas during July, August, Sevtember, Octobor’Movember and December, 1863:— 5—Br schr Secretary, from Philadelphi Port naval, $0, with amorted exrgo: put int ior ec Sth—Br echr Cortlla, Comin mas MN York for New Or- leans. with aauorted cargo; put to “Hark Franklin. Berty. from Bostow for Now Ortonme. With assorted eargo;, put in leaky Sept l—Br brig Susan, Erickson, from New York for Ha Vana, with assorted otal logs on Abaco. Me ag Sera, nitay, from Halifex for Havana; oS fron h uit in leaky wad condemned Baggett, from New York for put in lealey. bark Hrnestine, from Bermuda for Nassau; tom tal lous on Irom Bound Rocks, wear Nassau. 2lat—-Behr Oachliay Goodwin, from New York for Nassau, with assorted cargo; i Bot in with mast speui 224. Jarvis, from New York for Havana, with soaks, a ‘wittmainboom prong. Florenos, Hadding, 4 Inland foe t; total loss, whem coming out from Rag- ir rtche sak Perkins, from New Work for Havana, lumber; put in leaky. ss Pailbriek, Husford, from Ehtiadelphie ew Wee Ryn conl; 3 tata wreck on Grand nm. Miller, York with idem ski ou in tm alatbea ir bar Me sau, coal: io aiding agen Tem" for Nai with coal: th— fenny Lind, Linekin, from New York f Orleana, with U8 government storen, Lola wreck on Aiding {sh—Br ach Matamoros, from Havana for Nassau, with axsorted cargo; put in tn distress, 1th—Br achr Express, from Cuba for Halifax, with rum u ashore at Inagua (off ). ot brig Gen Lamar, from Port au Prince for New York, with coffea and logwood: total loss neat Castle Island, —Br brig C ¥ O'Brien, Wiley, from New York for Vert Cruz, with timber Sist—Br bark J with assorted carg: n ahming, from New York for Havana, ut in leaky, Travian Frigate Re p'Itauta cam@ down from the Navy Yard yesterday and anchored in the North River. Suir Frorence NicutincAce, Metcher, from Caleutta of avd for Liverpool, put into Watertord 2d inst with m: damaged, having been in collision same morning, kar, with'an unkuowa vessel, She would probably be towed to Liverpool. Bric Atnent Apaus, from New Fork, which was sunk Fort Delaware, was raised and pumped: out morning of inst, and towed to Philadelphia. Scun Enocn Pratt, Baker, from Georgetown DC, for New York, before reported at Baltimore in distress, had throws overboard part of cargo before getting off. Lianox, Dec 29—The A 8 Bella, from New ¥ which arrived 25th. 8 reported ie baveuavoael over a part her cargo of petroline oil. ‘Tix following table gives a of the vessel harbers of Now York, B ladelphia, Bat and New Orleans, at the latest aasounts from each ef Sid from St Helena Re} Foote, NB, to cruise; ion on, dc. Ship Shakspeare, Reed, ence for ‘Ban Francisce, Deo I, ay a5 "Hussey, from Antwerp for Akyab, ao date, lat Ww. Ship Honry B Weight, Park, from Rotterdam fer Akyad, Nov 45, lat 6 N, lon ehh, ae Galtedin, Storer, from Callao for Londoa, Mev Int on Bark Ai gr eee (Br), from Liverpool for Sam Francisca, Noy 9) iat A A*Rickals, Ford, from Callao for Marseilles, c} i, 1 ie Ns ar : Jos P ut fr from, Jamaica foe NYork, with loss e@ foresall and fib, far: tor oa’ Block Island. Foret an Billo Mork, Jan 8 me uEMENtavan, ‘Dee So-S10 Columbus, Gerdes, Bros Bist, Ocean, ‘Gerdes: Laura, Schmidt, and Republik, Sch: ME Movwansmavex, Doc SI-SId Baltimore, Meyer; Kon, Bormann, and Anna Dellus, Hattendorf, N Yor! Gonos avuse Nov lear Emme, Herboth, New York, ee _—— Wiseman, Boston; 24th, Brema, *Brietaaupe Yor! Buace Rivan, Ja, Jam 10—No vessel in port. Bowsine, Jan 7—No Am v6 in port Ganpirr. 4th, Jupiter, Gare Harrixy, Lea ¢ e Fi Hilton, NYe oy 5 pdueen 0 ty ‘eet, forms ™ oA Lovett, and rt Br schr recat fet oe Se Of, Bla ath Belamander, Heim. Ja, oJ jaa ‘York: . ‘ ‘Gada, N Mo oe ee ti cayune, Brovke, Suneeriand, panne Penn, ‘Ton Tin port sebr Joba French, Crosby, or Ante Lu NBtd Croan © Cushaven le, JWA citeiova, Jan S—Tn port bane Trinity, Kinaston, Ja, Dec 9—Arr briga A deiphia (and sid 30th to retura via St Ann's Bay) + 10, rigo, Rumball. Leer jand eld on 8 aaa nt 18th, achr Hi Colthirst, Whita ret Steel, NYork; schr Mary Kelley, Ree: ‘Gs vet stand a - for NYork via, Biack River): ITth, brig Viet Di bee; 14th, Bt Jago, Breselbock, NYor! an Wi Pedro Key): 27th, bark ‘Mariann W iH Harris, *iaittest, do: schr J yna (and sid 3ist for i sag Oe Bist, bi niladelphia; Jan 1. A P O'Donnell, NYork (and Gt ‘éth ie: Gould, Machias; 3d, brij for Boston soon. | Torrey. Cart P Y Sima, ‘Laura. Jenking, do; schra J Fi n for Giesiown): at Lit ‘hr Jobn North: tad ae Caymanas, ne Dec 18, scht Jobn Northup, Lair Livervoot, Jan 3—Arr Ge w, Amsterdam America, i Be NYork; ri Vite int Armatrong, dot ree od ily Chimborazo, Her ia Halifax; 6th, ony ot ibbetis, os aoe Pont ae sts Baltimore; 24, Atmosphere, Hag NYork ae fore); Lizzie mow Di ham bra, ie’ "vork: Reve oe SeBnsce = aoa Th, Demasced Se a ats, ‘Thomas, asda and-Vancow: ; bth. ony, NOF City of ‘balgrovey mascus Portland; .: York: “Blech Marsal, do: ao; s n Franeisco; Blencatl ag, Bn, Franeieee: Ma ce), Traucasns, nine FIND Bicxford, Ne Boateng Cardi Moore, Roberts, NYork; Joha N Guang. Swap eas ore ee athe Johm Gaming, Buttrey. NYork; Duiv Marcussen, Boston. ee, Dee ig “Arr Ct s LAND, Maura, Dec 27—Arr 2 Pip bas Berry, NYork. hog ae 1 teen, Mussina, Dec 21—Arr Jehu, (oS nti. . Bomsavipeo Ges oon eer elke, for NYor™ S weeks; Dutch brig Hen tor dod Arr at do Nov Xe ial Hor Prince, Hoon, Baltimore, Manannam, Nov 25—1 Renny. NYork. Moxraco Rar. Ja, t ‘oan carr bark Dione, NYork; echs ir Colin Cammy Biyreasete, Dei si—Ent out, Augustus Bradburn, for New arswourn, Jan 6—Put in, Deutschland, Hansen, from. norte m jan ¢—Put =s Excelsior, Claproth, from New avre. pnaeo, Dea Ta Fora. NYork: h, Tw rear, Power. Philadelj pay ah, D Dingich Oe Groeten ae ‘and sid 14th for Babies); i2tn, orm ae ‘Biat ee i oe vei Guenwstown, veg for NYork. ‘ooux! Rio Januino. Nov 26—Arr NY Dec 2 bark sid Antwe ship Ju Hansen, Meck brig Prey, (Gallaa, Dec 8, ships I F Chapman, i and pbs Tay, A NYork for San Frencless, Tepes Oliver es (Br), Batmano, and Berlin (Br). for do: 8 iiliams, une; barks Balumore (an), aa | rk ree Kelley, for ; Abigail, lamb sehr Bi ot ae dove arrivas, 2B—8id Columbia Maria, Toft ine; Albion Lin: green Jan 23, ay = gulvay ay vias Sonne, NF: > conte