The daily Green Mountain freeman. [volume] (Montpelier, Vt.) 1861-1865, 1861-11-25

WASHINGTON, Nov. 23.-The Richmond pa
pers of Wednesday, contain JEFF. Davis mes
sage to the rebel Congress. He says the opera
lions OF the army are soon to be partially inter-
ruptel by the approaching winter. They have
afforded protection to the country and shed lus-
ter upon its arms, tnrough the trying viclssI-
tudes of more than one arduous campaign, which
enttle the volunteers to our praise and graft
tudc.
After more than seven months Of war, the en-
envy have not only failed to extend their occu-
pancy of our soil, but new States and Terrific.
rles have been added to our Confedcracy
While, instead Of their threatened march of
unchecked conquest, they Lave been driven at
more than one point to assume the defensive,
and upon fair comparison between the two
beIiiert nts as to men. military means and fnan-
ca! condition, the Confederate States are ,en-
lively much stronger now than when the strug.
gle commenced. lie speaks in high terms of
the people of Missouri who have conducted the
war, IN the face OF almost unparalleled Difficult
ties, with spirit and success alike worthy of
themselves and the great cause in which they
struggled
Finding the Confederate States were about to
DC invaded through kentucky, and that her
people, after being deceived into mistaken Sc
curity, were unarmcd and in danger of being
suhjugated by Federal forces, our armies were
marched into that State to repcl the enemy and
prevent their occupation Of certain strategic
points, which would have given them great ad-
vantage in the contcst--a step which was iusti-
fed not only by necessity of self-dcfencc on the
part Of the Confederate States, but also bv n
desire to aid the people OF Kentucky.
1t was never intended by the Conlrdcra te
government Jnr ar hn 10 ~
that State, but on the contrary it was declared
by our Generals that they would withdraw their
troops if the Federal Government would do
likewise.
y proclamation was also made of our desire
to respect the neutrality Of Kentucky, and the
intention to abide by the wishes of her people,
as soon as they were free to express their opin-
ions.
These declarations were approved of by me,
and should regard it rs one Of the best effects
Of the march OF our troops into Kentucky, if it
should aid in giving to their people liberty of
choice and free opportunity to decide their
own destiny according to their own will.
While he says the army Las been effective in
fuli proportion to its means, he speaks of the
difficulties attending mail transportation, some
OF which can be overcome only by time, the I'M
proved condition Of the country and the resto-
ration Of peace, but others by legislation
As to the financial system it his worked well
80 far, and promises good results for the future
To the extent that Treasury notes may he issued
the government is cuabled to borrow money
without interest, and thus facilitate the conduct
OF the war
This extent is measured by the portion of the
field circulation which these notes can be made
TO occupy. The proportion Of the field thus
occupied depends again upon the amoant of
the debts for which they IRE receivable; and
when dues not only to the Confederate and
state governments, but also to corporations and
individuals, are payable in this medium, Il
large amount Of may be circulated at par,
There is every reason to believe that the Con-
iedoratc Treasury note is fast becoming such a
medium. The provision that these notes shall
be convertible into Confederate stock, bearing
eight per cent interest, at the pleasure of the
holder insures them against depreciation below
the value of that stock, and no considerable fall
in that value would be feared 80 long as the in.
tcrcst shall be punctuoly paid.