Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1853-11-26
REeUlAR WAsnfsq7oy CORRESPONDENCE
WssnlSeroS. Nov. Is. 1865.


tiuues its efrorts-but TO me they seem very much
like a forlorn hope, according to the account we
have of the declaration of the Emperor of Russia
that he has made his last proposition, involving
guarantee on the part of France and England
that Turkey should accept that proposition, winch
guarantee, it is stated they have refused to give
In the meantime, Omar Pacha, at the expiration OF
his notice, passed the Danube in great iorce !"
appears certain that the Turks and Russians have
mot in considerable force, and that severe light
has ensued. with some three or four thousand men
on each side; in which the Turks beat the Russians.
There is a report that battle, with large numbers,
had occurred, in which the Russians were victorious.
This latter seems mere rrlmor and unreliable; while
the statement about the smaller fight bears marks
Of authenticity
The above is the substance of the second despatch
of the Sun, which is the very latest we have here
to-day.
Tue NAvY.-It appears to be agreed on all hands
that the Navy must be augmented, as well as IN
some administrative respects, reformed. President
PIERCE and Mr.. DoBBNl believe to be men who
will do this properly. will show presently that
there is no inconsistency between doing this, and
q reasonable reduction of duties. The Union OF
November IL, has the following from the Philadel-
phia Ereaing Argus which is in accordance with
public sentiment But we have guarantee in the
official mpartiality of President PIERCE and Secre-
tary DoBBIN that while the great and noble city Of
Philadelphia will have its large share of any new
made buildings and structures other naval stations
will be properly considered:
We have long been impressed with the fact that
the marine arm of national defences is not at
present upon footing at all commensurate with the
demands of the times and the present critical state
of foreign affairs. 1t is just and proper the navy
should continually be source of pride TO every pa.
trot and that its positive efficiency should advance
relatively with the general progress of the country
| Our steam service, in respect to machinery and
practical working, is defective and there is i'm
perative necessity for early remedy for this de-
| fciency. With the present able bureau of con-
struction, and with the eminent talent at the conn.,
| mand of the government, there can be no doubt
| whatever of abundant success browning such
efforts if once set vigorously in motion. We urge
therefore and shall continue to urge upon the early
attention Of Congress, an immediate and thorough
revision of this important subject
In immediate connexion with this topic we deem
it equally duty to call attention to the eminent
| capacity of our dock-yard, and its satisfactory
| equipment A better organized establishment IN
every department. or one better Differed in point
of ability and talent is not to be found in any port
in the Union, and we boldly challenge any COM
parison that may be instituted to the dsparagement
! of the government works at this point.
The surplus may be now fairly estimated at about
! S24 600 900 twenty four mllious) Say that four
millions is appropriated for the Navy and we shall
| have surplus of twenty millions, S2O000,00O
Next year think the revenue win
! be short of its amount this year
| four millions This year is
S5S,00O. 000 Therefore deduct
four millions from the above
amount 100000
and we have 100000
| as the revenue which may be cut off by reductions
of duties 1t does not appear likely that the other
/ departments of the government will need any add
ton to the present appropriations. We may be as
surei that President PIERCE viii not suffer any por-
ton of the surplus to be squandered In the tight
ness of the European and American money markets
if 10 per cent be allowed the limit to be paid on
the debt we may feel assured that the whole sixteen
millions of surplus, as above, not otherwise appro-
priated, will soon be paid of. The Secretary Of
the Treasury has been recently very successful in
paying off large amounts of the public debt The
Holland Loan, contracted for the City of Washing
ton, and towns of Alexandria and Georgetown has
been all paid off except about $4,000, twenty
four thousand) 100000 was paid at once, and it
may be asked why the Secretary did not pay the
$4,000? The answer is plain and perfectly salts
factory-it takes t,co to make bargain. Although
the entire stock is held in trust by CoMMELIUs and
others-the real owners are hundreds in number.
The great premium induced all the holders but
those who held the $24, 900 (twenty four thousand)
to consent to the Secretrrys offer to purchase and
the Secretary, most judciously determined to pur-
chase the vastmass of the debt (696,OO,) although
the owners of the S24, 900 held back-other large
purchases have also been made.
An error occurs q know not how in the state
ment Of thea mount of the aggregate subscriptions
to the New York Railroad in my letter of October
%, published in your paper Of November 3d. Ac-
cordng to the types there, | said that aggregate
amount Cup to that time) of subscriptions to the
New York and Pacific Railroad are 100000,
three millions of dollars whereas meant to say
500 900 (sxty-three milons) of dollars The
want Of figure in the place Of millions, still more
in the place of tens of millions makes tremend-
Gus difference
This company has since been fully organized
Mr.. CHATFIELD has been chosen President, Hon.
ROBERT J. WALKER, PHILIP Thomas, and Others d.
rectors. Gen. RUsK has just returned from aper-
fecty successful exploration of part of the route
in Texas, which they intend to adopt another com
psny had explored the remainder Of the route as
far as FL Paso. The other part of the route from
Ell Paso to San Diego had been previously exam |
ined by several parties, and pronounced passable
for Railroad; what may be wanting Of anything
isl this route will be perfectly smoothed, in all
probability, by treaty the tapis and very like
ly concluded by this time between Gen. GADsDEN
and SANTA ANNA When l say "what may be want |
ing refer to no insupersble difficulty, even with
out treaty, but simply to the greater ease of con-
structing the route. SULPIcIUs |
UNION AND AMERICAN
AheSsrs. Editors There is an article in this morn
mgs Wing over the signature of "an anxious en-