The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1861-07-02
THE LATEST SOUTHERN NEWS,
RICHMOND ITEMS

We are Indebted to a friend for Richmond ns
pers of the 29h from which we take the following:
PoRTsMoUTH, June IS, lS6l.-Now that the first
great task incident to Federal destructfon-raisino
tne sunken men -of-war-has been COMPLETED the
oiVlng pes are to be employed in sub-marining for
sthaii ana large arms. At single dive yesterdov
a!ternoen heavy piece of brass ordnance was re-
covered, and sabres and boarding pistols are fnurd
in numbers sufficient to equip legion. 4 cantIa
man long IN public employ supposes that the de-
posits In the river not including ships or cannon
VIII be worth more than million dollars
Furlner examination Of the soop-ofwar Ger
mahtown induces experts to say that she can ba "a
| paired in three months "
Inc Germantown was not scutted, as some cor
respondents, and even the Norfolk papers, affirm.
her ollge cocks were turned on, and all media for
! taxing IN water opened. Like the others howavar
she n was fired, and her gunwaes on one side burnt
Wednesday, and again Yesterday the orok0r
City was engaged in wasting Ammunition an tba
oehch, between the Pleasure House and the inlet
where the Princess Anne cavalry are stationed In
me ne TWO VISITS eighteen shells were spent and ono
body hnrt." "NU H0-
= NO further attempts have been made AGAINST
Sewers Point by the Rip Rap artiIlerists i will
We our turn next, and unless present projects diap.
puI"' tnoSe IN command here, only a short time
can eiapse before forces will be preparad to do
something more than annoy the enemv's shining
a ne" Work Is to be thrown up, and as the brick
ayers nave nearly completed the furnaces for
a rin,ns cannon, the patent makers busy in
the longest range is to be prepared at once and sent
over there. '
IMPORTANT ARRIVAL.
w have the satisfaction to announce the arrival
In this city of distinguished stranger from the
sunny cline OF France, the land of La Fayette and
associated with many thrilling memories of our
nrSt revolution and of first war of ipdepep-
aence. This stranger is no less a parsonage than
frlnce Camille de Polignac, name iustrious in
history; ana he comes, as La Fayette came tn
draw his sword in behalf of brave and penerous
people who have taken up arms to resist the at
tempts OF tyrant and a despot to subiugate and
enslave them.
Prince Polignac served with much gallantrv in
the Crimea, and is unquestionably we'll acquainted
with the organization and discipline of the French
army.
We understand that President Davis raceivad
the Prince yesterday at his office in the War De-
Partment, with that urbanitY and c,rdiatv for
wnich he is so justly Distinguished En-
ISSUE OF TREASURY NOTES AUTHORISED ny THE cov
vENTION.
Inc Convention, on Friday, proceeded yiporous.
~ to work, and relieved the clerks desk IF mapv
OF the ordinances which had hitherto been unacted
upon. among the important measures, were an
ordinance authorizing the issue Of Treasury notes
winch was passed. 1t provides for the borrowing
o" the sum ot four millions of dollars-two millions
OF which shall be issued by the Auditor in the
lorn OF Treasury notes.
me Convention to have adjourned yes-
terday. J
Hurlbut, who arrested as a spy and BROUGHT
10 Nlchmonu, has retained N. j. Crane as his
counsel.
Col Wade Hampton's Legion of South Caro-
llnians IS spoken OF of the finest bodies
soldiers in the South. 1t consists of one Artillery
Company, three Cavalry Companies and six In
iantry Companies.