The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-08-10
NEWS FROM THE SOUTH.
OUR LOUISVILLE CORRESPONDENCE.
LOUISVILLE, August Z, ISd


LOUISVILLE August Z, 1851.
kentucky Neuer 70 Leave the Union-Loyaly Of Her Publ
Kt,l-Ihe TREASON Of Governor Ma9.6in-A Pro'as'ond
Army for NEUTRALITY-SUSPICIOUS. to the United STATE
CourtsThree Guntoats Ready 10 Start for Cairo-Anti
cipased Attack Them By ReteisThe Wounded on Elec
tion Day, dc.
At tn, late election IN Kentucky we have written on a
ndebe majority the resolution and sentiment expresses
by leaders that the rebels not be recognized
This made an issue in the contest and We declared
that the Union must be preserved IL fire and
and blood had TO cement II anew. The dismembermen
Of the Union tho last alternative gain the peace FOL
which she strives, that Kentucky is willing to accept
Upon her block In the national monument is written
prophecy which have again pronounced, and Ken
tuckyunettered by politicians and the unnatural inu
ence of rebcllious Stateskentucky will be the last
leave the Union"
The conduct of tho domestic public affairs OF the State
ss result Of this election placed the hands OF
who, mild and conservative they In their views
are unwavcrng ia their fealty tho Union previous
election had placed similar her representatives, In
the national legislature They men eminenty fitted
for tho task and they will conduct the State through tho
with honor to itself and benefit to the country
The Legislature, which meet in September, will
have It's and dried for IT, or this there two
points which talked Of now and which will soon be
advocated by tho organs OF the party.
Gov Magoan has by several indscreet measures ron
derod himself liable to charge OF impeachment. In
tensely Southern In his views he has prosttuied his Off
cia position aiding tho Southern rebels in various
ways. His correspondence with the Southern Secrc
tary OF War is in the hands OF who intend
using 1t; aud ] understand it proves conclusIvely
his connivance at and authorization OF the raising
OF regiments for the Southern army 1t appears that
formal rcqusi,ion was m&oe upon him by Secretary
Walker the Southern confederacy which he answered
mo hpc i'm Ind
IT been III reply to similar requiston OF the United
States Secretary Of War In the matter Of the seizure Of
state arms the Governor has also made himself liable
though you will see by what follows that he is attempting
TO repair that The retrbution will quickly follow
the commission Of the crime and the criminal Governor
impeached and found guilty will leave his power and his
chair TO some more devoted and loyal Of the nation
and the State.
Thedsunioniss or this State very anxious to raise
standing army, under the guise Of State Guard pre-.
serve the neutrality of Kentucky. They can now
or IS the Legislature meets have the pleasure
Cd Nnlisiing for that purpose. Kentucky, as ]
derstand the project, Is to have provisional army
upon her 81 sacred SOIL" well the great
and independent sovereignty OF South Carolina. This
provisional army is not 10 protect from INVASION
we know the south has not the power, aud the North
Lacks the dsposition but to maintain strictly the
traity the dsuninlss SO much admire This prov siona
army will be OF sufficient force to hold in check the dis
unonsts and guard the southern border, thus closing
entirely to the egress or outlet Of provisions ad and
comfort"
The Louisville Courier (sesech) in an article on the
"proposed attempt Of the aboitioniss at Washington TO
get rid Of Judge Monroe of the kentucky district Court
says the action VI the House and dan
gerons attack on the judiciary which should be resisted
will be unless it is intended to submit to the destruction
OF all that is valuable and dear to freemes.
Similar scutimcuts, antagonisc TO the reorganization
OF the United States courts Of this State have been
ell by similarly indispOsed parties Resstance to the
last extremity strong phrase but fortunately for the
Courier, is dubious If IL tight, II should re.
member this Judge Monroe yesterday issued the or
der for the return Of State arms which quoted above
II It means Resistance by lawful means, under which
constitution, BruZOQlaQ. will
The g,mboats A. D. Tyler, Connestoga and another
whose name cannot recall have been receiving their
mamcnts and ars about proceed their way to
Cairo small rise in the river being the prime of
tho movement II is rumored here that the rebels in
tend opening 4 masked battery the guhboats should
they attempt to pass that point sincerely hope they
may. There will be occasion for rebuilding the city.
Not having the necessary shells the New Albany
dries furnished the guboats with an nnumerabe guam
tity of bo,thoals, nuts screws &c.
George d. Prentice, editor of the Journal OF this CITY,
has been for days past dangerously III with erysipe.
las but Is now doing well and not dercd danger
The total OF the wounded on Monday, the day OF
the election in this city, was nine men and
none fatally. small Affair for Louisville
THE FINANCIAL POLICY OF THE REBELS.
Prom the Itichmond Examiner, July 81.
The Congress (Which were continued
yesterday occupied with the maturing Of plan of
financial policy for the government which will DO perma
mont dnrng the war 1t is understood that the debate
this sihect presents single alternative which the
sontimert OF Congress is much divided 1t Is whether
whether it od take the control Of the crops Of cotton
sugar and tobacco purchaser Each plan has respec
tive advantages. The latter however considered more
direct more availoble and comprchendng larger
aty of advantages, and is recommended by views con.
tanned in memorials to Congress, Of the largest
planters and most important capitalists Of the South.
Tho produce loan did scarcely than establish
system Of securities Tor the investment Of capitalists
might thus, probably be considered limited for the
necessities OF the government The system Of purchase
Ii recommended rs yielding advantages beyond the
mere ends Of contributing pay the expenses Of the
war, in the supply of a medium Of general circulation
which the government will not only It's purchases
but which will go into popular exchanges. This alOnc
will be OF great advantage. The governments Of
Treasury notes as the basis Of its purchases Of the
ton sugar and tobacco the South will find It's wav into
trcy the paper currency of the banks shall have at
once for the South uniform currency resting tho
most reliable securities and with direct representation
OF value IN the gold OF Europe its bills of exchange
From the Richmond Examiner, August 81
AS Tar as the relmes nations of the planting interest
nave reached Congress- they favor that financial plan of
the government which proposes take
tire growing crop Of cotton approximation thereto
The government may do this purchaser or may take
similar control the crop by system Of Of
portion OF It's value in anticipation OF fair prices which
latter scheme would still the personal interest OF
the planter In the cotton and his usual in packing
and sheteriny his crop The government purchases or
advances made In Treasury notes payable two
years would give II ample time TO realize the cotton;
and either scheme would effect such control of the
STAPLE t. make it DISPLAY all the power il POSSESSES in
power u the staple in the hands the government ia
limited and eneeblcd, as divides the proprietary
terest between Tho government and the planter puts
the former under tue burtlen Of discretion entirely
its when the sale Of the proceeds OF
which It's revenue IL 10
BEAUREGARD'S PROMOTION FROM
JEFF. DAVIS.