The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-08-12
NEWS FROM REBEL STATES.
OUR LOUISVILLE CORRESPONDENCE.

Large Numbers of Rebel Troops Concentrating in virga-
Acipyofthe Rebels at Ne,o Madrid, Missosri-Hoo the
Rebels Tux About the Bull Run Baale-Ths Election in
7snnes&c-7ae Great Cotton Speculation.
ARMY MOVEMENTS IN THE SOUTH.
lam disposed to believe the government unaware OF the
extensive movements OF troops into Virginia and Missouri
by the Confederate authorities else there would be ap
parent more strenuous and active to
act them They go unheraded and unseen but yet by
thousands they are being poured into Virginia from
Georgia, Alabama and Mississippi and numbers greater
than the Union scouts proclaimed assembling at New
Madrid.
frfond from Tennessee-a Union man--who In their
MIDST dehes the minions of secession, has been
Tor fortnight past stationed at Chattanooga the juno
ion OF quite number Of Alabama, Georgia and
Tennessee railroads. He says that day and night
trains have been arriving theretrans of box hog and
passenger carsnlled to almost nsupportable funess
soldiers Unfortunately armed and uniformed
yet soldiers with strength and disposition fight The
transit commenced Immediately after the news OF the first
fight at Bull run, the 18th Of July and continued for
week My informant thinks it not at all i'm.
probable that sixty thousand have been thrown into
Virginia in the fortnight named. Their immediate dest
nation they did not know but thought II was for the
western part of the State.
recent number of the Richmond Despatch says that
reinforcements will be to Governor Wise at Caulcy
bridge without delay. Ten thousand OF these men went
from the vicinity Immediately north Of Nashville
Tennessee, and the Louisville and Nashville Railroad
trains entirely occupied In this business thus de-
ranging for while the travel that road The truth
that Davis has placed in Virginia all the available force he
could raise knowing that to hold Virginia Is gain tho
battle The government ought to awake to the reality of
this II has less than hundred fifty thousand
fighting monte whip that State those too almost
consolidated in single army.
OF the transition of troops 10 New Madrid Nd my
formant knows less but has heard that 1t is very extern
sve The roads running north from Memphis have been
seized for military purposes while the boats at her wharf
have been continually occupied transporting from
Randolph to New Madrid. The number is not less than
stated by the Union scouts, and my informant thinks
much greater The trains entering Nashville werc also
detained and detailed for the purpose of carrying troops
to the Mississippi river and thence to New Madrid The
rebels confident of at Birds Point and are
already talking of the invasion Of Illinois. very
much afraid that the government is disposed to drows
ness.
HOW THEY AT NASHVILLE TUB BULL run BATTLE
The people at Nashville not catching the cue of the
Davis organs at Rchmsnd, got mixed in the text and
speak tho wrong speech at the NAL apropos moment
From the first the Richmond papers have been cutting
down the force engaged the rebel side while to make
dCures LAID Ddnce lLamp mlue up ior late arrivals
at his Office by early departures they add daily to the
force Of the Union army until they make apparent that
the latter ounumbered them Ave to There is no
doubt my informants mind after hearing and reading
the rebel accounts that the high figures named by our
papers rs being engaged on the rebol side
doubleday correct. They laughngy admit Nashville
that the Unionists actually whipping them
with inferior numbers, spd only the arrival of
reinforccments turned the scale of battle favor
have seen ettor from soldier at Manassas his wife
in this city in which he says that he went the field
Immediately after the battle and saw hundreds of slain
"but the most of them-at least three to onehe says
s'were our own soldiers. Our gunners he adds, were
slain by shells at their guns, and they lay about th0m
literally in piles"
THE TENNESSEE GUnERSAroaIAL ELECTION
An election for Governor was held In Tennessee yeser
day, butt have no news of so late date By amove-
ment Of the Harris party the vote Of East Tennessee will
probably not be cast at first thought probable for
William H Polk. Tho Harris party made it obligatory
each voter to take at the polls before casting his
oath Of allegiance to the Southern conederacy The Polk
party then attempted to get up oounteraciag scheme
with considerable evasion in il but the East Tsnnesseans
imagine will not avail themselves Of this The evasion
is revealed in the Nashville Banner Of the
Of the taking of the oath The effect Of this proposonS
we say nothing of the ntentionwl be to drive from
the polls all timd men who do not choose to be submit
ted to an insult for their loyalty But we trust one
will be thus intmidated II has been charged that Col
Polk Is Union candidate. This charge duplicates his
supporters Unionism Lot the Polk voters then dis.
prove the charge by boldly and checrfuy submitting to
this unlawful proceeding Let them take the oath, and
demand that be be made strong the language
make It, Though Tennessee is not member Of the per-
manent government and wil not DO until the polls
closed yet her citizens can take the oath Of allegiance
with perfect safety. They will thus put the blush If
they blush those p,rsans of Harris who are striy
ing to make support of him and his parachutes test Of
mems honesty, sincerity and patriotism 1t is needless
to say that who will vote for Harris and tne
ticket will be required to swear.
TIE GREAT COTTON SPECULATION.
When the sales Of tho growing cotton crop reported
I am inclined to think that it will stand-Salcs Of the
year, 1000 900 bales OF which spcculators-tookall
The exporters going to have chance whatever
yh Of thp IN arc Tha
ernmcn jobbers have made another movement and
duced tho insurance agents to decline taking risks cot
ton in transit to seaports. The Board Of Underwriters
following in the wake Of the cotton factors Of New Orleans
have passed resolution Of than usual interest to
steamboats,. 1t reads as follows
Resolved, That river insurance cotton bound to
this port fire insurance cotton in the city Of New
Orleans BIO taken until the blockade Of the port Ia raised
and its free Navigation resumed Cotton plantations
Of it's value provided it stored lots Of not exceeding
ono hundred and nifty bales and the lots at least three
But tho original spectators getting tight up Sales
attempt to induce capitalists TO buy their borrowed
ton in It's unpicked and unexportable condition The
Richmond Enquirer has sample Of the peculiar logic
capitalists forward and buy the article OF
it commences with commendaory paragraph for their
past berality and coaxng ditto 10 continue tho same
favors. The Enq,Hrer says
The plan already begun with much success evnces
the purpose of tho people to sustain the government to
the utermost Yet the plan is not FREQ from objection,
and will not furnish sufficient money credit Tho most
obvious objections arise FROM the nature of the subscr
tons. The planter subscrbes the proceeds 6 part OF
his crop, and binds himself that such part Shall
be sold BY fixed time Now II sales are forced in
quence Of these contracts Of subscriptions the result
DO the fforced pay direct
part Of e cotton crop subscribed in this way the
spectators seeing when large sales to be made
would hold back until the Sed periods and the supply far
exceeding the demand would purchase at prices Amos.
nominal The government would have control Of the
cotton the planters who had the proceeds
portion of their crops would have Do submit TO the sacr
fec violate their understanding with the government
The amount to DO received by tho government would
NEUTRALITY-SUSPICIOUS.; no certain calculations could be
made Spectators would be benefited tho object Of the
government not accomplished, and the planters if they
kept their contracts, suffer loss Those who bought cot
ton and tobacco during the last with Great Britain
sold at the end OF IT, for three four times the cost"
writer from Richmond saysA good deal of diversity
OF opinion, and somo dissatisfaction, begnnng be
manifested here in reference to Mr. Msmminkers project
efiecting loan through subscriptions guaranteed by
pledges Of cotton and other products II Is the opinion
Of many that the scheme will prove failure only
partial success, for want Of dPectnees and simplicity
Numbers OF planters, they say, would willingly give d.
recty to government twothrdsor three q their
crops, and take bonds at therefor at minimum
valuation who will be reluctant to await the slow and I'M
certain OF converting the cotton into cash proceeds
The bonds would serve them In place OF money, and
the government, controlling twothirds OF the cotton