, 1861-12-26

y 0"H 49, Nt74o+ OCHE5&%3.
tFrom our OWL Correspondent
WAsursG7ox, December -, 1881,
1tn- ropes successes in Missouri are hailed
oy members with that e1ultation which maV
Ae paruoned among persons who had settled
down IN the belief that defeat and disrrace
are our allotted portion Congress is indeed
beginning to look with much hope towards
Gen. Halleck and the Western army. Frank
b'sirs attempt to explain army Order No. 8
has had good effect in one view, namely, that
people believe he spoke with the consent of
Zen. Halleek, If not at his request. There
never Was i time in the worlds history when
warn-hcartcd, selfsacridcing people were SO
ready to heap rewards upon energy, capacity,
common humanity, and common sense in
their rulers or generals, Is in this our day and
generation. Who shall pluck these immortal
honorss
The financial question is exciting some in
tcrest, now that the House Committee on
Ways and Means hare taken hold of It. We
have run through with nearly Ill the specie
that the people will lend us, and have come
to the uncertain resource Of paper. The
banks Of Issue are making an enormous effort
to induce Congress to add Treasury notes to
the existing paper currency, Of the several
States, rather than to substitute Treasury notes
therefor. In other words, they Want the
paper circulation doubled, and they are trying
to show that no bad effect would result from
such po1icy-that prices would not be so
greatly increased as some people might fnaag-
inc. This plan is in direct conttayention Of
Secretary Chase's recommendation. His pro-
petition is to put the Treasury notes in
the place Of the existing paper currency, and
not to pile it on top Of thst currency. He says
! that the banks hare borrowed some Two hun
| dred.millions Of dollars from the people in the
| form Of notes circulating as money, but the
! people would rather lend this two hundred
millions to the Government than to the banks;
therefore. Jet the banks gradually pay back this
money, SO that the people can loan it to the
Government. The plan which the banks OF
issue present, proposes to get something out
Of fnothing-to eat Eour cake and have it too
to set up kind Of perpetual motion in thc
Treasury building to furnish the Government
with funds to all eternity, and never run dry
a new plan seems 70 h:svc been devised b5
some Of our generals On the Atlantic coast
for dealing with the negroes, namely: to treat
them so :barbarously that they will prefer Il
stay with their masters, and even fight fo1
them, rather than come to us. Gen. Sherman
| appears to be putting it in execution quite
thoroughly. The order Of this officer ezelu
ding newspaper correspondents from the Fed
eral lines is regarded tie last refuge Of an in
competent pro-slayery general, who has NJ
heart IN the war, and no head capable Of lead
ing and directing an army. Naturally cnongl
she1 e1man and Dupont disagree. The litter il
bold, prompt, energetic officer, who believe:
with Macaulay that "lonauid war can do moth
irg which negotiation orsubm;szlon could no
do better" Hence he is for hitting right ant
left, and following up victories without giving
the enemy time to recover. # the supreu
command Lad been in Com. Dupoat's hands
/ ssaavann:sh would have becn in our possession
t long ago.