The New York Herald Newspaper, July 26, 1865, Page 2

2 FINANCIAL AND COMMERCIAL. Tuxepar, July 25—6 P. M. ‘Tho stock market was rather dull this morning, with the exception of Erie, which was steady and active, and closed at the first board 134 higher than at the second board yesterday. Rock Island also advanced 44. New ‘York Central was % lower, Reading 34, Michigan South- prn §, Ulinols Central 1, Cleveland and Pittsburg %, Fort Wayne 3. Government securities were in demand nd stronger. Coupon five-twenties improved 3g. Ten- forties were steady, After the call Erie continued active and in the ascend- apt, under the belief that the directors of the road will declare a dividend of either three or four per cent at their meeting to-morrow. The prominent speculative director is supposed to be in favor of a four per cent dividend, on the principle that for the sake of the difference— about $160,000—between a three and four per cent divi- dend itis not worth while to vary the rate, In this view he is, however, opposed by those who argue in favorof a three per cent dividend. In any case the money to pay it will have to be borrowed. At the open boagd at one o'clock the stock, after previously selling at 83, closed at 87%. Cleveland and Pittsburg advanced 3. The direc- tors of this road will meet at Cleveland to declare a divi- dend on the 2d of August. The rest of the market was firm. At the second regular board the speculative feeling was tame and the volume of business very light. New York Central was 3 higher, Erie %, Reading , Michigan Southern , Dlinois Central was lower, Rock Island %, Fort Wayne 3, Cumberland 4. Government securities ‘wero neglocted. At the second open board tho market was steady. New York Central sold at 93% (8.3), Erie 8754, Reading 103%, Michigan Southern 63%, Cleveland and Pittsburg (b.3) 68, Rock Island 106%, Fort Wayne, 97%, Quicksilver 57, Cumberland 4134. ‘The money market has been moderately active at six per cent for call loans upon government and railway collaterals, with excepMonal transactions at soven. The monetary situation is becoming better understood, and there is less apprehension of stringency on ‘account of tho necessities of the Treasury than prevailed a short time ago. It will be the aim of the latter to make its disbursements follow its receipts as quickly as possible, in order to guard against any interruptions of the easy flow of currency through its accustomed channels, so that payments by ‘the sub-agents to the Treasury will involve no important or protracted withdrawals of currency ’from general circulation; and if the government should call upon the Danks for loans pending the meeting of Congress, they will, for the most part, be drawn against in favor of public creditors, and @ mere transfer of moncy from hand to hand will be the result, The national finances are in that vulnerable condition which renders it a matter of importance to the government to use every exertion to keep the supply of currency at the great centres abun- dant; and hence by paying out the smaller denominations of seven-thirty notes'to the army it has encouraged the circulation of these as money. In the Southwest they pass freely without the coupons, just as .national currency or greenbacks do, and the majority of the people hardly discriminate between them and the Jogal tonder paper. The issue of national bank notes is swelling the volume of the currency at the rate of more than three millions a week, and, as only about ahundred and fifty-seven millions has yet been, delivered, one hun- dred and forty-three millions iota 0G tga Looking to this condition of things, the most shrewd among the bears and sagacions of the bulls are expectant ‘of a further inflation of prices on the Stock Ex¢hange to keep pace with the inflation of the paper money sys- tem. To contract the currency now is impossible -with- out endangering the collapse of the national banking system and involving a heavy depreciation of national securities, upon the par value of which the national bank notes are dependent for their free circulation; for, as ninety per cent of currency has, with a few immate- rial qualificltions, been issued upon the security of bonds at par, it follows that if the bonds declined below ninety the notes would be intrinsically at a discount. A tight money market would, among other evils, bring down the price of certificates of indebtedness rapidly; and this the Teasury cannot afford to permit, for their issue will henceforwart during the year be its main resource. That a great national debt is not a ‘national Dlessing’’ will be domonstrated at every stage in the future progress of our own, and it will require very careful management te prevent its becoming a great national disaster. ‘There is more demand for discounts, and she best class of commercial paper passes at 7 a 8 per cent, and 834 & 10 for the middle grade. Foreign exchange has been firm, but not very active, Bankers’ bills at sixty days were quoted at 108% a 109, and 109% at three days, There are still signs ap- parent that morchants aro shipping five-twentics in preference to gold as a remittance, and the question arisos, is there not some danger of the Euro- pean markets being glutted by these continued specula- tive shipments? It is known that a large amount of those alroady sent out are being held back in London for a more favorable market, and the present low rate of interest there is favorable to the holders; but there is danger of these being proased day, when something like “a might be the con- @equence. Meanwhile, however, the sun shines. The gold market remained firm and inactive to-da; The opening price was 145, followed by an advance of | 3% and arelapse to 143, after which it improved 34 and romained steady, closing at 14335. The steamer Vera Cruz, from Vera Cruz, brought $20,000 in specie. | Treasury DeraRiaent, Ovrr sale at some future | di | Sera ot institations. — on bonds. udicial nBes. Families of volunteers Military expenses: Adjutant General. rmaster General. . Pay wr General. Militia expenses. . 50, ‘Taxes refunded Norwich and Worcester RR... MSTIMATE OF RECEIPTS. Forfeited bonds and courts... Tax on banks 5 Tax on insurance companies. ‘Tax on incorporations ‘Tax on non-residents . Tax on foreign insurance companies... Tax on railroads......--+++++* sone ‘Tax on mutual insurance companies, ‘Tax on savings banks. ‘Tax on commutation ... Tax on auctioncers and express compani Tax on grand list, four Mill... ++.sage =--— The estimate of receipts, the committee states is based on the passage of the Tax bill substantially as sub- mitted, ‘The shipments of coal by the Pennsylvania Coal Com- pany by rail were:— 3,000 14,000 2 2 ss Ze S88S8S82SSS3 Ss Fo8 iz Tons. For the week ending July 22, 9,837 Previously for 1865. . 271,521 Total 0.0.00 /, 281,968 To same date, 1864 85,629 sevecsccseserececsessees 195,729 The following is a statement of coal transported on the Tncrease...... Delaware and Hudson Canal:— For week ending For the July 22,1865, season. Delaware and Hudson Canal Co. 17,750 877,646 Pennsylvania Coal Co..... - 365 18,307 For the same poriod last year:— For week ending For the July 23, 1864. season. Delaware and Hudson Canal Co. 30,612 390,882 Pennsylvania Coal Co. 20,542 216,306 Total tons...... 51,154 607,188 The following is our comparison of the total of do- mestic exports from the United States to forsign ports for three years :— 342,055 180,681,526 40,889,573 ; 993,309 Ice..... i 182,667 169,757 Petroicum, ‘crude and refined . — 1,539,027 27,839 Quicksilver....... _ 681,450 1287/0438 1,287,116 Gold and silver bul 13,311,280 18,267,739 29/592,912 Gold and silver coin 10,488,590 17,776,912 44,008,529 Raw produce, not fied........ 2,704,046 1,067,703 6,404,252 Total ..........$227,966,169 213,060,247 364,002,877 ‘The earnings of the Chicago and Northwestern Rail- way for the third week of July wero:— 1864.. Increase: ‘The Commissioner of Internal Revenue has issued the following instrnetions:— Inks, other than printing inks, are subject to an ad valorem duty of six per cemt, but are not subject to stamp duty. A military Stato’ agent, commissioned by the Governor and paid as such by the State, who may pre- sent and prosecute claims in any of the executive do- partments, without fees or compensation, is not re- quired to take license as claim agent. "the pirchace of liquors by the officers of a club heuse, to pe dis tributed te the members in such quantities as they nay severally desire, and paid for according to the quantity consumed by each, does not render such officers, or any party, liable to license duty. Bankers, in making returns of dividends and taxable gains, should include the amount of income derived from investments in bank, insurance or railroad stocks, although suck income may previously have paid tax and dividend, The tax imposed upon circulation and posits of banks constitutes an indebtedness by such bank, which continues to accrue so long as the prescribed conditions exist. While, therefore, any portions of the circulation exceeding five per cent of the chartered or declared capital is outstanding, or any of the deposits remain in the custody of the bank or its agents, the liability to make return and pay tax thereon will ‘con- tinue, The proviso of section 94 of the Internal Revenue law, that cloths, fabrics or articles. made of thread-yarn, or warps upon which a duty | thas been assessed and paid, shall be assessed and pay a duty on the increased value thereof, is held by the Com- missioner of that bureau to apply to cloth fabrics or ar- ticles. made wholly or principally of thread, yarn or warps of domestic manufacture, and upon which an excise duty hag been paid. It does not include imported thread yarn and warps or thread, or wire manufactured from any motalic substances, Therefore, unless such fabrics are made principally of domestic thread, yarn or warp, they are subject to a tax on the entire value, as may be the case with bead trimming. In estimating the in- creased value of fabrics, or the taxable value, the valuo of imported thread, yarhs or warps, or the value of wire or thread made of metallic substances, cannot be deducted. The Internal Revenue Department has rendered the following decisions :— ov INTERYAT. REVENUE, rox, July 20, red and sixty-tiv nited mia, oF according to formularies cha and or textbooks in common use amon apothecaries, incleding homaopath any pharmaceutical journal now used by any porated college of pharmacy, and not sold or offered for sale, or advertised under any other name, form or gy'se than that under which they may be’ severally denominated and jaid down in said pharmacopaias, dis- pensatories, text books or journals. But under section The Bank Committee met at the Clearing House atty 94 of said act druzgists may be liable to an ad valorem noon to-day to take into consideration the plan embodied in their recent report for the redemption of th country banks, but wisely adjourned without taking any action in the matter. It is reported, however, that the committee called attention to the necessity which exists for more correct returns of the sp in the banka, and that an inquiry into the subject will be instituted. The receipts of gold at this port from (i year compare with the amount received during the same timo in 1864 as follows:— 164 1865, January 5. January 4, January 17. January 14 833,519 January 28. January 511,088 | February 6... February 16. : Feb, 28and Mar.6 March 15. ; Febraary February 14. D413 u 210 7 5 July 2h Total..........$6,603,011 Total os 7 Excoss this year... Secceten $5,204,922 Tho aggregate value of the exports, exclusive of spe- cie, from New York to foreign ports during the week ending July 25 was.$2,947, The Leather Manufacturers’ Bank of this city will pay, | August 16, a semi-annual dividend of five per cent, free of tax. The Contral Park, North and East River Railroad Com pany will pay the August cowpons on their bonds on the Ast proximo, ‘The New Jersey Railroad Company bas declared a semi-annual dividend of five per cent ‘The Morris Canal Company has announced a dividend of five per cont on preferred stock and four per cent on consolidated Tho business at the Sub-Treasury to-day was as fol- Jows:— Recoipts for custom $267,000 Total receipts... 560.4 Payments... a Balance... Subsoriptions to governmen *"1042000 ative statement shows the w ‘The following co or | age condition of the leading jtome of the Philadelphia banks for the past and previous week -— iby July 2. Trans... bus 62,454,760 pecie 118,911 1,164,557 Legal tenders 9,860,500 19,413,364 Doposita. . 1,906,027 “46,166,058 Ciroulation... 6,831,998 6,886,449 | A committee of directors of the Rock Island Railway | has been appointed to confer with a comm |ttee repre- senting the Mississippi and Missouri Railwoy, with a view to the consolidation of the two lines, but the proba. | bility is that the consolidation with not be effected, In response to a joint resolution of the Connecticut General Assembly, asking for an estimate of the receipts and oxponses of the State for tho year ending March 31, 1866, the Committee on Finance submitted the follow. ing — ESTIMATE OF EXPRNHE Contingent oxpenses of General Assembly and dv beature . ° notow of | duty of six per cent upon any drugs, medicines, medici- nal preparations or compositions, made, prepared and sold, or removed for consumption or sale, by them, as manufactures not otherwise provided for, though tne exempt from stamp duty under schedule C, respectfully, EK. A. ROLLINS, Deputy Commissioner. Treasvny Derartanyt, Orrice ov Ixreexat Revevux, | Wasuixeton, July 20, 1865. } your letter of ‘July 7, in relation to , Lbave to say that, under section $4 0, it is provided that “on all cloth, d, a duty of five per cer mad valo- ol 1 |, collected and paid; and under the tof Mareh 3 th uty 1h ‘reased one-fifth, making the yer cent ad valorem. Very respect- fuily, ROLLINS, Deputy Commissioner. | The Second Comptroller of the Treasury has written as | follows to the Paymaster General of the army :— ‘The question has been presented. whether or_not the three months’ pay proper, granted by the fourth section of the act of March 3, 1865, to officers, on their discharge on oilcloth at the close of the war, i* subject to the internal reveune tax of five per cent, to’ be deducted by the proper dis- | bursing off On acare(ul examination of the law I am satietied that it must be so deducted. It is clear that | this extra pay is given for military service, or is given | for nothing. A capricious and irrational donation of | public money to any number of individuals cannot be | imputed to Cong Ic was for services gallantly ren- dered by the officers, and gratefully recognized by the country, that this payment was authorized, and,-bein | for services, the tax must be deducted. Paymasters will | be governed accordingly ‘The following figures snow the number and aggregate capital of the mining and petroleum companice at pres- | ent organized in Philadetphi: Capital. Petroleum companie! $319,224,000 Coal companies. 5 62,844,000 Copper companies 20 10, 750,000 Silver companies, 14 19,000,000 Tron companie 6 8,700,000 | Tota $405,518,000 ‘The Boston Traveller, of yesterday, says:— Money is casily borrowed on good stocks at six per id the supply, at that rate on call, is equal to the current demand at the banks and im the open market of the outside lenders, in epecialteases, are making loans at five, and otters are obtaining seven, on fair collaterals, not of the first clase. On tame, beyond thirty days, it'Is difficult to get accommodation at higher rates of interest, The best mereantile paper is sci and in good request, at from seven to nine per cent, ac- cording to maturities and pounts, The dealings in stocks are not very active either for permanent holding or speculation. The public securities are in quick re- quest in large and small amounts for investment, American securities were quoted in London on the 13th inst, as follows :— Atlantic and Great Western, New York See- tion, Ist mortgage, 1880, T per cent,..... 73 ® 7 Do., 2d neortgage, 1881, 7 per cent... -B a 1877... 76 @ Do , Pennsylvania, Ist mortgage, 78 Do.) Pennsylvania, 2d mortgage, 1882... 71 & 73 Brie shares, $100 (all paid)... seas 1 61M @ 62% Illinois Central, 6 per cent, 1875, 61 Do., $100 shares (all paid), te ‘ a 86% Marietta and Cincinnati Railroad bonds, 7 per cent........++ . sesceseeeesecce a 60 Panama Railroad, 2d mort., 1872, 7 percent 108 a 105 Pennsylvania Railroad bonds, 24 mortgage 6 per cont, convertible sooeeess 82 8 84 Do., $60 shares. 6 aw ‘The large discount establishment of Overend, Gurney & Co., in London, has been constituted as a limited joint stock company, with a capital of £6,000,000, ‘Tho return of the Bank of England which was made up on the 14th inst, probably showed @ considerable re- duction in the stock of bullion, a8 £189,000 bad been seeeenee Withdrawa during the wook, and the payment pf divi | dends which was then going on would also have a tend- ency to reduce the specie. The following table shows the average circulation and met Ge Sank of Seen ee BOY Se june :—~ Bank of Ireland, Dublin.... .. Provincial of Ireland, London Belfast Banking Co., Belfast. Northern Banking Co., Belfast... Ulster Banking Co., Belfast 442, National Bank, Lond 1,179,942 697,626 TOtal...sersesseeceneeee sone «ef, 162,208 Stock bey e0 ‘TuEspay, 25—10:30 A. M. $5000 US 6's, 81, reg 107 she'Erio RR. 330 600 US6's, '81,cou 107 — I 35 10000 do... see tee 10 100000 US6's,5-20cou 104: 60000 do........ 108% 6000 US5's,10-40cou 96% 10000 do........ 96% 1000 Ill cou 10 95 5000 Indiana o' 86 1000 Missouri 6’ 20000 Ohio & Mis cer 245% 4000 Erie, Istmtg.. 102 10000 Il] Central bds, 117 20 shs Bk of Amer. 135 15 American Ex Bk 114 10 Metropolitan Bk. 120 10 Bk of Comwealth 100 um ee 800 Cleve & Pitts RR 67! 100 Atlantic MallSSCo 166 100 Chi&N W RR. 4 450 do. pt 400Chi &NWRR pref 60% 100 do. 65 200 do...2d call 61 150 do..2d call 166 = 100Chi& RIRR.,,. 1065 100N ¥ Central RR. 93% 100 . 1063¢ 250 do. ». 94 100 200 107 300 4 100 do. b10 10734 100 Mil&PrduChRR 38 200 Pitts, FtW&CniRR 9774 BECOND BOARD. Hae-past Two o’Croce P. M. 200 shs Erie RR.2d ¢ 87% 2000 Reading RR.... 103 100 Michigan Con RR 107 100 Mich So&NIRR 6334 call 635% 200 do. ..2d 100 Tllinols Cen RR.. 128 600 Chi& NWRRpre 61% 200 Shi & Rock I ER 10634 100 do. ........ 10655 200 Pitta, FtW&CRR 9734 $1000 Tr n 7 3-10, 58 $00 chs Camb Coal r fariposa Ming Co 50 N ¥ Central RR.. dO... 200005 call OITY COMMERCIAL REPORT. Turspay, July 25—6 P. M. ALoonon was quiet and unchanged. Asnxs.—Receipts, 10 pkgs. The market was firm and prices were without change. We quote:—Pots $7 50 and pearls $8. Brravsrorrs.—Receipts, 12,858 bbls, flour, 365 do. and 361 bags corn meal, 28,200 bushels wheat, 54,780 do. corn, 98,246 do. oats and 5,475 do, malt, The flour mar- ket was decidedly more active, and prices on al! grades were 10c. a 25¢. better, mainly on the choice brands. The sales of State and Western were 23,500 bbia.. Southerm flour was firmer, with more inquiry. The sales comprised 1,000 bbis. Canada flour was in better. re- quest at an advance of 10c. alc. per bbl. The sales included 500 bbls. Rye flour was in fair demand and very firm. Sales 450 bbls. Corn meal was’ scarce and firm, but quiet. We quote:— Superfine State and Western flour. 620 Extra State 670 Choice State. oe 690 Common to medium extra Western. 700 Extra round hoop Ohio. T45a 7 65 Western trade brands. T7008 8 75 Common Southern, Tiba 825 Fancy and extra do 8308 11 75 Common Canadian. 670a 710 Good to choice and extra. TMa 875 Rye flour (superfine). 5400 590 Corn meal, Jersey... 4600 475 Brandy win 550a , Brandywine, 2008 — —The wheat market was moderately active, and prices ad- vanced 3c. a $c. a bushel. The sales embraced 80,000 bushels in part for shipment at $1 80 a $1 90 for ambor Michigan, $1 50a $1 51 for amber Milwaukee, $1 42 a $1 46 for Milwaukee club, $1 60 a $1 75 for winter red Western, and $1 93 a $2 for white Western. Barley and malt wero’ quiet and nominal, Rye was in limited su; ply and’ firmer; we quote Western at 96c. 2 97c, corn market was less active, but prices were 2c. a 3 bottor, Sales 98,500 bushels at 83c. a S5c. for unsound, and 86¢. a §7c. for sound mixed Wostern, closing at the outside price, and $1 for white Western. Oats were in moderate request at an advance of 1c. a2c. Sales of in- ore aa Western were made at 6lc., and choice do. a Covrrn was inactive and prices wero a little weaker under unfavorable reports from Ria. We quote:—Ro coflos, prime, 22¢, ; do, good, le. a 21 Ze. ; do, fair, 20c. a 20%¢.. do. ordinary, 180. a 183¢c, ; do.’ fair to’ good cargoes, 19340. a 2086. Java, mats and bags, 24340, a 25e.; native Ceylon coffee, 223¢c, a 28c.; Maracaibo cof- fee, 19c. a 220.; Laguayra coffee, 20¢, a 22c, ; St. Domin- go bofive, 17440. n'18e. The stock of all kinds consistod of 78,632 pkgs., including Rio and Santos coftee, 40,946 bags; Java coffee, 14,550 pkgs.; Ceylon coffee, 3,000 baza; Maracaibo coffec, 6,488 begs; Laguayra, collec, 3.018 bags; Bahia coffee, 5,973; other descriptidfis, 4,060 ‘8. Cortox.—The market was quiet and prices in some in- stances were a shade lower. bales. We quote:— The sales inciuded 1,500 Upland. Florida, Mobile, N.O.4T. 35 35 36 3T ri ri rt) 50 50 61 Good middling. 49 CaxpLvs wero in light demand, at unchanged prices. We quote sperm at 35°., and adamantine at 20c. a 25¢, Corrn.—The market was firm, with sales of 500,000 Ips. nt 06. for Baltimore and Portage Lake, and 31. for ‘troit. Fist.—The market for dry cod was fairly active, and prices were well sustained, We note sales of 600 ind Bank at $6 508 at $9 a $13 50 for No. 2's, large 3's and medium 3's, Old mackerel were dull at $11 a $12 for Bays and Nos. land 2. Herring quiet at previous prices. Frvrr.—The market was quiet, without any special jo tn prieoe to note. I The market was quiet, Liverpool, 14,000 bushels corn, at 4d. ; 14,000 bushels wheat, at 44;d.,'in bags; 300 bbls, peas at 1s. 8° NNY Bags were quiet and quoted nominally 19c, a se. Gusxy Crom was quiet and unchanged. Hors were quiet and unchanged. We quote: good quality, 1c. » 30c. Hear was quit and unchanged. Manila may be quoted at 10c. Howny was in limited supply and, with considerable inquiry, prices were very firm. We quote;—Cuba 84c. in The engagements gold, dity paid. Hibes.—The market was quiet, but very firm. Jnoy.-—The market was quiet, but prices had an up- ward tendency. We quote:—Retined bars $100 a $105 per ton, hors shoe $130, band $132 60, ovals and half rounds 1 27 a $137. LyaTinn.—Tho market was active nd prices, though without decided change, iavored the seller. Lxap.—The market was firm, with agmall business doing at 6%¢. a 6!<e. for foreign, in gold. Motasexs was steady and prices were without quota- bie change, Navan Stones.—The market for epirits turpentine was moderately active, and full prices were obtained. We note sales of 150 bbls. at $1 60a $1 55; crude do. was nominally $9. Kosins were in limited supply, and with a good demand prices were gomew! We Strained to pale, $17 0 $4; No, 2, $70 $9. Tar nod request and prices were firm, with sales of vision bbls, Southern at $6 26, PAch was fairly active at $7 a $8 for Southern, Ons.—The supply of lard oil was insufficient for the demand, and prices were a shade firmer. We note sales of 450 bbls. winter at $1.85 a $1 95; linseed oil was in fair demand, and with a light supply prices were very firm. We note sales of 350 bola at $1 18 a $1 19 in casks, and $1 20 in bbls, Bleached winter sperm was in demand at $2 26, and natural do. at $2 20. Bleached whale was fairly active at $1 25. PROVISIONS. — Recnipts, 135 pkgs. pork, 199 do. beof and 82 do. lard, The pork market opened doll and lower, but closed mors buoyantly. The sales included 6,500 bbis, at $30 a $31 for new Ps, closing firmly at $31; $27 50 a $28 for old do. ; $23 60' a $24 for prime, and $25 a $25 for prime meas; also for August, ier’ 6ption, about 1,500 bbls. new meas, at $30 a $30 75. The beef market was less active, but without change; sales 900 bbia., at $8 50a $12 for plain mess, and $10 a $14 for extra meas, Out meats wore in fair request, and prices ruled drm, with sales of 500 packages at 16c. a 17c. r shoulders, and 1930, a 23¢. for hams. Beef hams were scarce, quiet and nominal, Bacon was also quiet and nominal. The lard market was inactive, but prices somewhat higher; sales 1,400 bbla., at 1840, a 23\0.; the outside price for choice kettle rendered, Cheese was quiet at 9c, a 15%, for common to choice, poo gg stoady at 19c, a 27¢, for Ohio, and 27c, a 86c. or State, Perroneem was quiet but without decided change. We —Crndé, 313¢¢. a 32¢., and refined, in bond, 510. a and do., free, 70c, a Te, Rice—The market was steady, We note eales of 800 bags Rangoon on private terms. Scoar—The market was quiet and prices favored rs slightly. The sales included 860 hhde. sie, i cluding fair to good refining los at 10%c. a 18%. and 100 hhds. Porto Rico at 13346; also 860 boxes He: vana at 18c, @ 1340, Refined sugars were quiet, and about 3¥¢. lower, Sricks—The market was quiet and prices were nomi- nally unchanged, We quote:—Pepper, 21%. a 223¢c. ; ay yo 1736. ; cassia, 75c., and nutmegs 66c., in gold, uty paid, Sart was steady, We note sale cargo of Turk’s Island on private terms. Sreuren was firm, with small sales of Silesian at 93¢0., and Lehigh at 9¢., Fae. Tin was quiet and without noticeable change. Tea.—The market remained steady, with a moderate business doing at previous prices. Tattow,—The market was less Satine, Dat ices were Sains, higher. The sales were 70, at llc. Tonacco.—Thore was & good inquiry for all corts, but holders were asking prices above the views of pur- chasers, and the sales were thereby impoded; 220 hhda. Kentucky o hands at from 90. a 24¢., and 80 hhds. Virginia stems at 3io. a 4}go. por Ib. Wwsnay.—The market was moderately active at an Advance. We note sales of 200 bbls, at $2 Ile $2 12, Proclamation of Provisional Governor Johnson. Election to be Held October 4 for Dele- gates to a Convention. Slavery No Longer Exists in - the State. ANOTHER ADDRESS FROM THE GOVERNOR Sound Views Upon the War, Slavéry, &e., &o, To rae PEorLe oF Grorata:— ‘Whereas, By the proclamation of Androw Johnson, President of the United States, dated 17th of June, A. D. 1865, 1 have been appointed Provisional Governor of the State of Georgi ith instructions to prescribe at the earliest practicable period such rules and regulations ag may be necessary and proper for convening a convention of the people, composed of delegates to be chosen by that portion of the people who are loyal to the United States, and no others, and also with all the power neces- sary and proper to enable such loyal people of said Stare to restore it to its constitutional relation to the federal government, and to present such a republican form of government as will entitle the State to the guarantee of the United States therofor, and its poople to the protec- tion of the United States’ against invasion, insurrection and domestic violence. Now, therefore, I, James Johnson, visional Gover- nor of the State of Georgia, as aforesaff, do, by virtue of the power in me vested as aforesaid, proclaim and de- clare:— Firet—That an election for delegates to a convention will be held onthe first Wednesday in October, A. D. 1865, at the different precincts at which elections are directed and authorized by law to be held for members of the Legislature. ‘Seomd—That the thirty-seven counties in the State which, by law in force prior to the 1st of January, 1861, were entitled to two members of the House of Repre- sentatives, shall be authorized and entitled to elect each three delegates, and that the remaining counties shall each be authorized and entitled to elect two delegates to said convention, * Third—That no person at such election shall be quali- fied as an elector, or shall be eligible as a member of such convention, unless he shall have previously thereto taken and subscribed to the oath of amnesty, as set forth in the Pesident’s proclamation of May 29, A. D. 1865, and is a voter qualified as prescribed by the constitution and laws of the State of Georgia in force immediately before the 19th of January, A. D. 1861, the date of the so-called Ordinance of Secession. + Fourth—That any two freoholders, qualified to vote at such election as aforesaid, may act as managers of the election at cach of the pre- cincts) as aforcanid; and that in managing and snperintending such election they shall by governed by, ‘and proceed under, the laws of the State regulating and prescribing the election of members of the Legislature prior to the ist of January, 1461: Provided, That oach of said managera, before entering on the duties prescribed, shall swear truly and faithfully to superintend and make return of said election, according to law as aforesaid, and the requirements of this proclamation. Fifti—That the delegates who shall bo elected as afore- said shall assemble in convention at the city of Milledge- ville, at twelve o'clock M., on the fourth Wodnesday of October, A. D, 1865. ‘And whereas, the rebellions which has been waged, by a portion of the people against the government of the United States has m its revolutionary progress deprived the peoplo of the State of all civik government; and whereas, they must remain without civil officers and the ad:ninistration of civil law until a State government shall have been oganized by the Convention called as aforesaid; and whereas, it is necessary in the meantime that domestic tranquillity be insured, and that the loyal people be protected in all their rights of person and property, therefore I do further proclaim and declare :— First—That no individual, by virtue of his own aathor- ity, shall inflict corporeal punishment upon any person, for any real or supposed injury, whether such injury re- lato to person or property, and that in all such cases redress must be sought from, and given by, such mili- tary authority as may be invested with the jurisdiction over the cases. ‘Sxond—That @avery is extinct, and involuntary servi- tude no longer exis!s, Hence no person shall have contro’ of the Inbor of another, other than such control as may Tawful'y reult from indenture, the ration of parent and child, guardian and ward, and the contract of hiring, freely and fairly made; and that for a breach of duty om the part of any «me standing in theie relations the military authority will administer, ina summary manner, adequat: and proper velirf under the laws of the land. Third—That all riotous er tamultuous assemblages of ple, and also all assemblages for unlawful purposes nd unlawful objects, wili be dispersed; and to this end, if necessary, the military power of the Unit tes will be invoked. Fourth—That the idea, if any such is entertained, that private property will be distributed or parcelled out, is not only delusive, but dangerous and mischievous; and if any attempt should be made by any person or persons to effect such an object by violence or unlawful means, it will only secure to him or them speedy and merited punishment. Fijth—To the end that the people may qualify them- selves as voters, it will doubtless be the pleasure of the commissioned officers in the service of the United States to have the oath of amnesty administered under the rules and regulations prescribed by the Secretary of State of the United States; and in this work I most ‘earnestly desir and solicit tie cheerful co operation of the people, 80 that Georgia may speedily be delivered of military rule; that she may once again regulate ber own domes- tic allairs; again enjoy the bi ssings of civil goverumont, and be heard and felt by her Senators and representa- tives in the councils of the nation. Done at Milledgeville, the capital pf the State, on the 13th day of July, in the year of our Lord 1865, and the eighty-ninth year of American Independence. JAMES JOHNSON, Provisional Governor of Georgia. By tho Governor L. K. Bnusoor, Secretary. Address of Governor Johnson, Deltvered at Macon {From the iy 17.) At the hour of 1 ccording lo pre- vious ant ng of Macon assembled in the City Hall for the purpose of listening to the ad- dress of Hon. James Johnson, Provisional Governor of Georgia. Major General Wilson, Hon Thos, Hardeman and others were present on the stage, In an appropriate address Governor Johnson was introdaced to the meet- ing asscinbled by Mr. Hardeman, and addressed the au- dionce as follows: — Fri cow Crrizens—According to the proclamation of the President of the Un.ted States, we, ax Georgians, stand to-day without any civil gavornment, We have no gover- nor, vo legislature, no judges, no inferior magistrates, This has been the result of the rebellion. Ithas de- prived us of all the machinery necessary to carry on a civil government. Under this state of facts 1 have been appointed by the President Provisional Gov- ernor of Georgia, All the power which I can exercise over you in this office is derived, by virtue of my appointment, from him, I have not been elocted “r the laws of Georgia, nor by the sovereign people of Georgia. Ihave not been appointed for the parpose of establishing government, carrying ou government, administering government, but appointed, a8 the proclamation declares, for one single purpose, and that is to enable the people of Georgia to form a govern- ment. I am invested with no such authority. It is not the theory of our government that [ should be so invested. It has been the theory of this republic, from its earliest infancy to the preseut time, that the people—the people—are the source of all power, and to them it rightfully belongs to organize, establish and model governmont. That I may not be misunderstood, and that the idea may fasten itself upon your minds, I will state that I am clothed with the simple authority to enabi ou to emerge from this chaotic state—this state of disorder and lawleasness—and to place yourselves under ti operation of an established government. I ba been requested time and again, and it has been usged upon me, that I should exercise the prerogative of appointing judges of the Supreme and inferior courts and magistrates, I have uniformly de- clined, It has been urged upon me that I should appoint State House offlcers—Secretary of State, Treasurer, Comp- troller General, &c. Ihave uniformly declined to ap- point them, ae for the reason that I have not been clothed by @ President with authority for any such purpose, It has been urged that the Pro- visional Governors of North Carolina and a have appointed! civil magistrates. It is so reported, fel- Jow citizens, in the journ: T have been further urged to make choice of some in each age & to administer the amnesty oath. I have declined it; others have done it. Now, as to my teasons, In the first place the Presi- dent, in hia proclamation, has clearly defined my pow- ers; and, in the next place, in that proctamation it is stated, in distinct terms, that it is referred to Secretary of State to prescribe the rules and rej under which this oath sball be adminis tered by any civil, mili or naval officer, or any magistrate in the loyal He at the same time declares that no judge and no of the disloyal States shall administer it, And yet 1am requested to make appointments for that purpose. I cannot do it. I remember that the question was Paha yeery to me while in Washington, ‘as others di with me in opinion, for the purpose of having the joy officially explained, I called upon the Attorney General to whether, under the terms of the prociamation, I hag tl authority. He replied with promptness I had not; that if I should appoint a jndge their judgments would be, in tho language of lawyers, quorum non judice, Then I have no such authority expressly given in the terms of my commission, but, on the cont , it is expressly for- iden; and no matter what may the neecssity for the appointments, or however beneficially they might be used, as the ace, does not exist the appoint. ments cannot be made, But there are officers appointed who will administer this oath. They are the milita officers in the country. And if they not su ficient, others, I have no doubt, will given ws. oy ‘disposition on the part of the government this oath, and with as little incon on it there will a better ition onthe part tho to conform to the yagualons Prescribed, enable ree ‘@ republican form of government. Now, call on you, having discharged my duty in this particu- lar, to y! and remove the obstacles which may be in way of receiving the and to prepare yourselves to become voters for dele- gates to a convention of the people of Georgia, and then to vote for these delegates. This convention, when thus assembled, will represent the masses of the State, and this is the powér that will prescribe the jurisdiction of the Judges, and lmit their powers, Itis called for the'purpose of enabling you to establish a free government, Whon this convention has assembled it will adopt a constitution that shall erg when the Governor and members of each branc! Assembly trioted in order to be represented in Congress, thus put- ting in operation the whole machinery of When under their order of the Legislature shall be Legislature may meet and make government of the State. G be once more invested with all the rights and authority belonging to a sovereign State, I now feel bound to declare to you one thing which you must recog- nize as accomplished; and the sooner you know it and conform to bee ‘sooner you will be relieved from mili- tary rule, ery existe nomore. Thisis decreed. Its restoration, ynder any form, is utterly out of the ques tion. Those who indulge hopes to the contrary are labor- ing under a delusion. — In order to convince you of this I will call your attention to certain facts which have already transpired, Twenty-five States in the Union have already cones the proposed amendment to the conetitution of the United States, by which amendment it is declared that slavery, or involuntary servitude, shall no longer exint in the United States, and that Congress may make Jaws to this into effect. Twenty-five States have ratified and adopted this proposed amendment; only two are wanting to pass it by a constitutional majority, and when it is #0 passed it will be the law of the land. 1088 two will be obtained. There is no possibility of defeating it. And when all have been done, the constitution will declare that slavery in the United States no longer exists. But furthermore, slavery has been oxtinguished by the operations of the war. I do not propose, in this connection, to enter upon a lengthy argument to prove it. I simply state what is universally acknowl- edged by all writers on national law that belligerents have the right to make captures of persons and property, and that they may make what disposition they please of the property sapearee. ‘The vanquished are at the disposition of the conquerors and may be dis- posed of as they think proper. Such is war, and it is @ sin againsé God and humanity that it should be waged. We must submit to the result of the war. Congrem by the constitution of the United States, has the power to ne to the President the regulation of captures by sea and land, and the President, 1n the exercise of this power, given to him by the consti- tution and by Coneross, issued hia proclamation disposing of their captures, declaring that ail the nezroes who were slaves in the revolted States should, by virtue of that prociamation, become emancipated. Such is, in my judgment, the law, and I believe that the Supreme Court ‘will so decide. Icome to another point. The constitu- tion which the people of Georgia shall adopt in con- vention will be required to recognize this fact. The convention will be called upon to agree to this amendment to the constitution that slavery shall no longor exist in these States, They will be called upon to decide this before their restoration to the Union, in order that this quarrel about slavery, which has existed from the beginning of the government to the present time, shall never be revived, and in order that there may be. no dispute among the people of this State on the subject. They must provide for its extinction now; and 80 I tell you to-day, if you wish to be admitted into the Union, this csuvention of the people of Georgia must be com. posed of such material as will recognize the fact of the extinction of slavery in Georgia, and reo to the amendment to the constitution of the United States, wh.ch will extinguish slavery throughout the country. £0, then, I say to you again, under whatever view you may take of the subject, slavery is extinguished. It is gon>—1t is gone forever. Ihave heard complaints upon this point, fellow-citizens, that in passing from the state in which we have been into the new order of things @ great many difficulties and inconveniences will arise. Nothing els? could have been expected. It is said the negroes will strag gle through the country, commit depre- dations, many of thom be impudent. All this may be true; But for the purpose of rectifying these evils we must have a Legislature that will make laws to punish them, and punish them severely, for the commission of crime. ‘That is your remedy; complaining will not do any good. And not only that, but it is claimed by some that the ne- groes will not work, 1 know that those who have been driven off the farms do not work, because they have no opportunity of working, and some of them will not work where they have not been driven off. For this latter class the Legislature must make laws declaring them va- grants and punishing them ost such. The negro will not work! How do yorknow they will not? I saw thom working very well in New York, and other places where Ihave been. Itis true they sometimes commit crimes in those places, and they are punished for it, Tuey must work—they can wonk—they must oither work or perish. What is the difficulty? Do not the ple have to work in Germany, in France, in New York, in Ohio? What is the reason ‘they will not work? I tell you they will work; and I must say that, under the peculiar circum- stances by which they were surrounded, no people over | behaved better than they ' have done. Those * who tell you they will not work have hopes of continui heir control and~ do- mipion over thom. They will Work under contracts of hire, and if they fail they become vagrants and may be unished or exiled, as the laws of the State may direct. [at the Legislature meet and pass needful laws for their regulation and everything will move smoothly on, Let then be employed by men of humanity and have fair compensation given them, and in my judgment no difficulty will lie in the way. 'We have lost our capital in negro property. It is gone. We are reduced as @ people to bankruptcy. ‘e have been in affluence and our riches have flown away. But who is to blame? From what source came that result? It is fromthe war— it is one of the penalties we must pay. It was a war of our own seeking, and such has been the result of it. We made the war. 4s a Southern man I am bound to say, and history will say, we fired the first gun, che result which bas been a war 0! gigantic, huge proportions. We have been impover shed by our folly, and such will ever be the result of stupendous folly. But whiie I say these things on this point, I think some advantages will result irom this war in the future. Whilst we have been hurt and chastised for the present, yet let us remember that we may accumulate property in the future, and all our sur- plus capital, instead of being laid out in negroes, will be expended in permanent improvements, in increasing the comforts of our hous 8, manuring our lands, planting acda, building permanent fences and in manufac- tures of all kinds. Attracted to this land immigrants from oth’r parts of the world, aud from the North, will come to s-ttld ainongst us, because we have as good «lime a@ any under the aun. Our towns and villages, in- stead of go ng to decay, will improve, and arts and sci- ences will flourish among us. Such, I believe, will be one of the results of this war, And not only that; there ig another advantage. We have been very sensitive, as a people. We allowed nm n to think that slavery was a moral, social or politi- il, and if any one thought thus, le was deemed cal ev unsound, and arraigned beiore vigilance committees, Even when Lord John Russel, in England, took occasion to aay that he hoped slavery would be abolished by this revolution, our people commenced abusing bim as if ho upon our rights, We abused mankind Opposition had trespasaed when they differed with us, and we carried o to men’s thinking as they pleased to such at that inen among us who dared to ditier fro subject were arraigned, not by law, or befo nal, but bofor? vigilant societies, and personally abused. Civilization was @lmost driven from the land—law and order was sup) by these jawlese men. But now we can look over this land and pray, a3 Solomon did, that ali of Adam’s race may be elevated to dignity and happi- ness. Now every one may, in the exercise of his con- stitutional rights, advocate slavery or denounce it, sur- roundd as he is by the power of the government of the f ty United States, which protects us fully in the enjoyment of these rights. But, fellow citizens, as I before remark - ed, we have severely suffered from this war, Our towns hav been burn and destroyed, our fields have been laid waste, our homes and cattle have been taken from us, and our children have fallen on bloody fields, But notwithstanding this, there is hope. It seems to be the order of Provid-nce in dealing with nations as He deals with individuals, that they shall be perfected by suffering® We shall come out of this conteovanty a more glorious and happy people. The presence of lib- erty will be well guarded among us, We shall remain a froe and united people. In looking down the vista of time I gee Georgia fold more prosperous, and when all our sectiow: rejudices shall have died away, we sball meet together, North and South, as brethren, rejoicing un our government, and marching on to the glorious destiny which is before us. Not only will Georgia increase in wealth and popula- tion, but the whole Southern country will be more rosperous in arts, manufactures, wealth and civiliza- ion. I see them marching on in this new order of things. The whole country, united in the bonds of charity and love, must & ob prospering until this great nation sbail be unequalled by any power on . This is our country; these are her prospects. To this standard I invite you to rally. ‘Tis the star spangled banner, oh long may it wave O’er the land of the free and the home of the brave.” After the conclnsion of his address Governor Johnson spent some time in greeting his numerous friends who elves, while audience quietly dis- Recovery of the Watch of Colonel Uiriech Dahigren. [From the Norfolk (Va.) Post, July 24.) Several days since Captain Hoffman, Chief of the Mill- tary Police, received int ation which justified him in the belief that certain parties in this city were in posses- sion of facts in regard to the whereabouts of the watch taken from Colonel Ulrich Dahigren’s body after his death, On Friday last Captain Hoffman arrested a party in thia city, and, upon examination, conclusively proved that the accused knew all about where the watc! He boing released on bail in the sum of two thou dollars until the watch was produced, yesterday watch was handed over bi Captain He jan, and is now in jon. It a that the watch was taken from the body of Colonel Dahlgren by a Lieutenant Hart, commanding the detachment which ambuscaded Colonel aed ‘and by Hart turned over to other parties for safe a until the excitement was over and all hope given ' its recovery. Colonel ld, having used nh rt to recover the watch, created some alarm in the mind of Hart, who sent the watch, by other parties, to Mathews county, where it foll into the de of the party from whom it was recovered, The watch was manufactured by J. F. Cooper, Gray's Inn, London, and numbered 2,837; three and one-quarter cap, open white face, and marked on the back with the letters “A, T.,”’ veh ¢ anwase shield, The chain is @ very gold one, 1@ snake pattern, with the vest hook gone and pert of the chain with it. ‘The short chain is spliced with @ string to make out ite length to reach the vest buttonhole ‘The chain bears evidence of being broken in the ment moment while tearing it from GENERAL SHERMAN At st. Lours. His Specch=The Conduct of the Wars \ How We Obtained Possession of the Mississippi River, dc. On Thursday night last General Sherman was enter tained by a number of citizens of St. Louis. In thecourss of the evening the following speech was delivered by the er GENERAL SHERMAN, SPEECH OF . usually hon for lam ane — ee ee with whom I aes presence im years gone by in business, and in the social circle fa Jabic athe, re pee es Interest you, I would fravel all over the world to ay Ea ad at Gladly would I talk of Greeos and Rome (but I fear they are gono by); or, better int to the history of our own great country, that llections—recollections that oe with meg doubly, trebly dear, from associations; to the history the on lone river; or, still more, to Colonel Bonneville, who is yet living among a and whom I saw on yesterday. But the world 6 on, and I will not pause; and I see by the paped before me that. you bring wafted actor in the scenes just those men who have sim, dangerous abyss and it may sally forth again ona now glory. (Cheers.) I admit that a eee [aren hawell Tecan ave ugh step reirnces thom? Bat got memory | them; but men reared under our laws—men who were enjoying the and ent of Washington. It seems posstbility; yet it wes ibility; but it thank God. ‘(Cheers.) have a right as citizens historians to cast our eyes and me! ‘back and the past events we can learn Jensons that will pr oalweticanert a Ber! citizens oe triots in the future; an can trace anything in pee calculated to effect this object I will account myself repaid. Here, in St. Louis, probably, began the great centre movement which Tonminated field such as never before was from ocean to ocean almost with the ig left wing; and from the centre here, evening, up in the old Pianters’ House, sitting with General Halleck and General Cullum, and we wore tatk- ing about this, that and the other. A was on the tab and I was explaining the position of the troo) the enemy in Kentucky when I came to this General Halleck know well the position here, member well the question he asked me—the question of the school teacher to his child—‘“Sherman, here is the line; how will you break that line?” “Physically, by @ perpendicular force.” “Where is the perpendiculart’* “The line of the Tennessee river.’’. General Halleck the author of that firat beginning, and T give him credit for it with pleasure. (Cheers.) upon the map, he said, ‘There is take it.” The capture of the fort on by the troops led by Grant followed. piveee) These were the grand strategic features of ‘first ment, and it succeeded perfectly. lan went further—not to ron threugh Columbus, the river at Henry push on to the second line, and Charleston; but troubles intervened at Nashvi and delays followed; opposition to the last movem« was made, and I myself was oe an actor on the scene. remember our ascent on the Tennessee river have seen to-night captains of steamboats who first went with us there; storms came and we did not reach the pon we desired. At that time, General C. F. Smith was In command; he was a man indeed; all the old officers remember him as a gallant and elegant officer, and had he lived, probably some of us younger fellows would not have attained our present positions. But that is now past. We followed lne—the second line—and thea came the landing of forces at Pittsburg Landing ‘Whother it was a mistake in landing them on the west instead of the east bank, it is not necessary now to dis cuss, I think it was not a mistake; there was gathered the first great army of the West—commencing with only twelve thousand, then twenty, then thirty thousand, and we had about thirty-eight thousand in that battle; and all I claim for that is that it was a contest for manhood, there was no strategy. Grant was there, and others us, all young at that time, and unknown men, but our enemy was old, and Sidney Johnson, whom all the off. cors remembered as a power among the old officers, high above Grant, myself or anybody else, led the enemy om that battle field, and I almost wonder how we juered. But, as I remarked, it was a contest for mi i—maa_ to man—soldier to soldier. We fought, and we held our ground, and therefore accounted ourselves victorious, (Choers.) From thettime forward we had with us the prestige; that battle was worth millions and millions to us by reason of the fact of the courage displayed by the bruve soldierg on that occasion; and from that time to this I never heard of the first want of courage on the part of our Northern soldiers. (Cheers.) It then be- came a game of grand war; armies were accounted equal, and skill and gencralship came into i ® We gained thereby the movement on Corinth whi: eck designed here; there his command bg andanew shufile of the cards of war was made. Halleck went te the East and Grant tothe West; but summer overtoo’ us with heat, and we could not march. &! y , jortherm Mississippi was dry as ashes; it was impossible for mem 4 follow to live and march from stream to stream, and to the roads that lie betwoen these men would have perishe@ with thirst—been overcome by heat. ‘Therefore we de- layed until fall, and late that fall I met Grant by appoint- ment at Columbus; and there in_ we went over the and the next thing was to the Kne on the Tallghatehle, Many of you here remember that move- ment. You citizens do not understand it at all, fork have never yet seen & 0 account of it that ap- proximates to the tru manded the army ot had superior numbers, first concentrated on the Tall Grant moved direct on Pemberton, while I Memphis, and struck directly into’ Gi thing that Pemberton knew the depot of his was almost in the'grasp of a small cavalry force, fell into confusion, and gave us the Tallabatchie a battle. But with some le an object gained without a battle is@othing. But war means success any and every means; it is not fighting alone. Bulls that, and bears, and all beasts, but men attain objects intellect, and the introduction of physical OF, upon salient points, And so@e gained the and although hardly a Tn ‘was fired, feta oe wee in its results to any other battle on earth, (Cheere.) It gave us uninterrupted p ssession of North- ern Mississippi and undisputed ~possession of the sources of that country; and that country has been im our possession ever since, in ® military sense. Them came the great campaign of your river, upon which you and I and all of us were more deeply interested than any other that can ever be dev: hee Beg Aa continent. The possession of the Mississipp! river the possession of America (cheers), and I say that the Southern confederacy (call it by what name you had that power represented by the Southern confederacy held with a grip sufficiently strong lower part of the Mississippi river we would been a subjugated ple, and they would have die tated to us if we given up the possession the lower Missiesippi. It was vital to us, and we fought for it and won it. We determined to have it, but we out raed Aig with fet frail a — aa of Vicksburg. It was « physical impossibility ; what was to be done? After the Tallatchie line wae carried Vicksburg was the next point. I went with @ small and hastily collected force and_ repeated); deavored to make a lodgment on the bluff between Vicks: burg and Haines’ Bluff, while General Grant moved with his main army #0 as to place himself on the high platess behind Vicksburg; but “man proposes and God dis poses,” and we failed on that occasion. I then my hastily-collected forcé and went down atehie, below Holly Springs, moved from HG a th then, for the frst time, I took General Blair and bie brigade under my. command. On the very day I had agreed to be there I was there, and we swung our flanks around, and the Governor of Missouri fell @ prisoner to the enemy on that day. We failed. I waited anxiously for a co-operating force inland and below but they did not come, and after I had made I learned that the depot at Holly Springs broken up, and that General Grant —- to atempt it. But it was too late, Nev although we were unable to carry it at were other things to be done. The war covered vast area there was plenty to do. I thought at Arkansas Post, although others claim it, and they have it if they want it, e cleaned them out General Grant then brought his whole burg, and you in St. Louis remember well ter—how we were on tl with the and drowning us like muskrats; how we were channels through Deer creek and Yazoo Pass, we finally cut a canal acroes the peninsula in front ot Vicksburg. But all that time the true movement was the original movement, and e jing not ing to it came nearer the truth. But we could not a retrogade movement. Me, | use your the North were too noisy. could not take any step backwards, and for that reason we were forced to run the batteries at Vicksburg, and make @ lodgment on ridges on some of the bluffs below Vicksburg. It is I protested against it, Itisfolly, I never my life—never, (Laughter.) On the Eee! General Grant rested on me probably more responsibility evem than any other commander under him; for he wrote te me, “I want you to move upon Haines’ Bluff to enable me to pass the next fort below—Grand Gulf, I hate LT) te because the fervor of the North will accuse you of being rebellious again.’ (Laughter) I love Grant for his kindness, I did make the feint on Haines Blof, and that means Grant ran the blockade easily to Grand Guif, and made a lodgment down ave t his army up on the bigh plateau im the rear of urg, While you people here were beguiled into the be-* lief that Sherman was agai But we did nos repose confidence in everybody. Thon followed the evant arto ean, “Wct ry anh in ion st + Ly ‘the Mississippi went unvexed is war has beem It wana certainty then, i uf i ri a i virtually and properly settled. They would have said, “We give w but Davis would not ray it, and he had them under good discipline, and therefore it was to fight again, Then cam en the ¥ mang! army of the Mississipp! ly- ingalong fe oe were called ato a new fie! of net Z and so one morning early I got orders to go to nooy T did not know where it was hardly. Rey T did not know the read to go there, But I found it, and got laughter and cheers) although my me was abooloes and the cold and Tier frosts of winter were w I must still go to Knoxville, thirtees miles ‘ariher, to relieve Burnside. That march we made. ‘A voice—And you got there in time.) Then winter {rood us to lie quiet. that winter I took a litte, exercise down the river, but is of no account, Movements of General Sh Inpianarous, July 25, 1868, , * Major Genoral W. T. Shorm&n arrived here this morm ing, and will be formally weloomed by the civil and military eujboriies this ‘