The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-07-21

nave despared OF psscsaoie SOLUTION W tnat dim
Guilty They hoped that after the result OF tho election
was made known, tho majority IN East Teanessec
would sustain that decision OF tho ballot box But this
hope vas destined to DO crushed early Preparations
defence have been and still going on the dsunioa
State government have concluded 10 substitute bullets for
hslos, and oppose shot gunsfor the state troops OF
Tennessee are mainly armed with shot gunsto the Lin
coin muskets which have been poured into East Tennos
see Regiments were posted some time ago al Gambler.
land Gap, Of witch you had notice. On the 10TH how
ever, IL was thought necessary to blockade another
route leading 10 the eastern Section and two hundred
State troops were posted in Feutress county,
which affords the best route west Of the Gap.
Two regiments were 10 follow. How fight can DO long
postponed in that part OF the State cannot we'll conceive
In their mountain Businesses twenty thoussn strong
well armed and determined the Swiss Of Tennessee will
DO hard 10 overcome.
In regard the shot gun arms OF the Tennessee troops
to which have referred am induced 10 think them The
main arm OF the troops from several publications indirect
y admitting this In the State Journals and Major Gonora
Pillow has high and favorable opinion Of the weapon
with which his troops formerly shot BIRDS. III procls
nation calling attention to an invention by means OF which
abayone is fixed to shot gun he says he is satisfied tina.
the double barreed shot gun with the MIME ball aud sword
bayonet attached IS rs deadly weapon and would be
efficient on the battle field troops could be armed with
The nancors OF the South have conceived another idea
the cotton loan order Not content with that brilliant
speculation they are advocating ''rice loan" And
coupled with the suggestion they good naturediy
market value may be rendered In lieu II may bo that
this suggestion made because the speculation he's
not proved paying one Rhe, Of the Charleston Mer
curry, admits that il has been very bad ono. In an ar
tce comparative Of the financial condition of tho North
ern and southern sections Of the country and In which he
proves concusvey that 1t Ia utter impossbity for
the North TO raise the $4oo 600 900 appropriation he
wishes TO know II the South be financially indepen-
dcntY Hear his answer and note his conclusions regard
ing the loan 10 the question the South be financially
indepen ienty he says
We answer unheststrgly in the affirmative But this
Independence cannot be obtained by the present plan Of
receiving produce as oan ind issuing bonds for the net
sales OF such loans. On the contrary both government
and people In worse financial condition each
ceedng operation in this Loan Bonds gvon for produce
cannot and will not pass freely 10 tho community
rency Their very nature forbds this. Cotton held by
government paid bonds docs furnish funds for
paying troops and for supplies Bonds and cotton
both locked up while government s losing by each trans
action to the extent OF the interest," on the bonds issued
which is very large-elght per cent per annum. But
he adds, furnishing aremody for the financial lnoss Of
the confederacyBut let government substitute for the
bonds Treasury notes OF small denomination, and pay at
for the cottona the and all tho exportable
products Of the slave Statesa fair valuation, and tho
scene changes at The people have moneythey can
pay their taxes aud other debts.
correspondent Of tho same paper is fearful that all
have not had an opportunity of supplying their quota OF
the ''spews Of war; proposes that blank notes DO
printed and bound in volumes, containing one thousand
each, Of the following FORM
On the Isl day OF January 1892 and the frat day Of
January annually thereafter during the existence of the
war in which We are now involved, promise TO pay into
the Treasury of tho county OF - in the State Of -
expenses Of the war For the faithful performance Of
this voluntary obligation, hereby pledge my sacred no
sufficient number of the notes to be deposited in the
Office Of the Treasurer Of every county In zach of tho Con-
federate states.
Evidences Of the Intention Of the rebels to force US
into struggle with the Kentucky disunon troops at
Camp Boone and the State Guard ut Camp Davies,
daily accommodating On the streets OF the city The inten
ton has been expressed and threats have been made and
reiterated in the public prints Tennesseeans
muatipg here--ths hotels full OF them The Shelby
Nets has learned within the last few days from two diff
ferent sourcesore oti2en u shelby county the other
of Mssouri-that within twenty days Kentucky will be
involved in the frstricda strife The information in both
through members OF that reasonable order,
the Knights of the Golden Circle
Hui the Union mon have been warned They snuffsd
the in the air and unusual activity exists among
the Home Guard companies of the o and the Kentucky
regiment, under Genefa kosseau, making quick pre-
paratons. The teeth win be whetteA. VIII the
enemy Gomez Is now the question.