Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1861-06-26
Interesting from the south from "a
Southern Source.


7Hy True Condition of tie Rebels at tie .South-The
War Spirit at Boiling Point-Soldters Hrsfening 10
Virginid-The Southern Bank C0nrention-Li6er-
cidI 1rdirs-1 Million Of Soldiers Jor the Var
Bad Prospect for the Federal Iroops-BagiaRd and
the Cotton Crop, dc.
/ have been amazed, while reading the North
ern newspapers, to see how utterly ignorant they
are of the true condition of the South. Your
papers represent the rebels as a handful of
poor starving men, and the Confederate States
without funds, money or any resources necessary
to carry on an effective war. That little hot bed
of rebels in South Carolina produces more of the
sustenanceS of life-to say nothing of her i'm
mensely valuable crop of short and long collars
than all of New England left that State early
in this month, and such war spirit as / saw ex
hbited all the way from Charleston to Kentucky
is beyond description. So great was the desire of
the soldiers to press on to Old Virginia that they
accepted stock cars and any conveyance that they
might be enabled to reach the scene of action
and have a hand in the fight. Every train we
met was crowded with soldiers passing over. AT
Atlanta one-half were sent round by Dalton and
Knoxville, and the Others went the Southern
routes uia Columbia, 5. c., and the balance the
lower route, ria Wilmington. The railroads were
capable of transporting some 900 troops per day.
On the Sd a convention of the banks, and many
of the large planters, met in Atlanta. g. Il. La
mar, formerly of your city, was chosen President.
The banks i'm the Confederate States resolved
unanimously to receive the treasury notes of the
Confederate States for dues and on deposit, and
the planters stand ready to pledge their crop of
cotton to raise the sinews of war. Foreign capi
talists are ready to make liberal advances on the
great staple; one half of the cotton crop will Weld
to the government one hundred and fifty millions
of dollars. The planters can afford to invest one
half of their crop in the bonds of the Confederate
States; and this they will do rather than invest at
this time in land and negroes. At Chattanooga
railroad convention was held on the 9TH inst; 4;
some two hundred million of dollars of railroad
capital were represented there, and they passed
resolutions unanimously to receive from the Con.
federate government its treasury notes and bonds
for all fares and freights: they also transport
troops and provisions at half rates. This, with
the action of the banks, was an important move
in affording means and credit for the Confederate
government. The treasury notes will pass as
gold and silver in all the Confederate States,
and form the circulating medium. The notes
do not bear interest, but can be converted into
eight per cent. government stock at the option Of
the holder. have spoken of the means of the
''rebe" States to carry on the war. / am fully
convinced that a million of men can be raised,
and they are all fighting men, too. 1t is a great
mistake to suppose there is large portion of the
people loyal" in the seeded States. / feel
quite sure that in the first six States that seeded
feel confident that army of SOC, 900 men could
never march successfully one hundred miles into
any of the seeded States. They would be at
tackled and cut off on all sides. Every tree, hill
and brushwood, and mountain and swamp, would
prove to the Confederate troops a means of de-
fence. The people of the Confederate States are
fully impressed with the belief that the aim of
the Administration is subjugaton; rather than
submit to this, they would fight to the death Ii
this war is protracted, the North will suffer more
than the South; her banks and merchants will all
break; her manufacturing interests go to ruin,
and her commercial ships rot at her wharves
There is a full understanding between the Con
federate government and England that she is to
have a supply of cotton peaceably if possible
but have il England will. The North has all to
gain by putting stop to this war; her merchants
would collect hundred millions of dollars from
the South that they will lose if we are to have a
protracted war, and the bankers and capitalists
would save two hundred millions of dollars they
have invested m Southern State and railroad
bonds. These plain facts, worthy the cousd
Grafton Of the numerous readers of the Herald