Arkansas true Democrat., 1862-01-16
BY FL E c R A P II |.

1 Bank of Kentucky has suspended specie pay
 ment. The St. Louis Democrat of the 3lst, says orders have been received from Washing ton directing the suspension of the payment of coin on U. S. Treasury notes, payable on de.
 mand. This policy has been adopted Dis
 patches also have been received from the lead~ ing New York banking houses. by the St Louis banks, which say that U. s. Treasury notes are not redeemed at the assistant treasurers office, and we cannot receive them on deposit until provision is made for their payment. The Cincinnati Commercial of the 3lst says | 1t is reported that Gen. Buell. has written to 1 Washington, that his army in Kentucky Is an 1 armed mob, and he must have time to drill his l men before he makes an advance. RICHMoSD, Jan. 8.-A statement has been published that the treasury department pur. 1 chased gold at 8 large premium for the pay ment of the January and March interest on the l funded debt of the Confederacy This is un- 1 founded. The coin to meet these payments has heen in the treasury for some time. Con- l federate bonds of the fifteen million loan, with 1 interest payable in March, are quoted at $l O2 interest off,
 Dispatches from Europe recently received | by the government, and which were written 1 prior to the reception in England of the news of the capture of Mason and Slidel, represent the feeling of France and England as being ia vorable to the cause of the Confederate States. NEW ORLEANS, Jan. 8.-To-day has been ap. propriately celebrated as State holiday in comnemorat:on of the valor of our forefathers without any exultation over the defeat of Great Britain in that memorable battle The military were received by Gems. Ruggles, Lowell and Lewis, aud also by Gen. M. Jeff Thompson, who was present by invitation.
 The editor of the Wilmington, N. C. Journal says that as far he can learn there is no truth whatever in the report that the Burnside expe- dition has been seen of Hatteras. RICHMOND, Jan. 8th-via N. O., 9th.-Pas- sengers from the mountains report that Hunter vile has been burnt by the Yankees-also that heavy skirmishing continues above Winchester. There is nothing official corroborating these re- ports.
 Wm. H. Eurlburt, confined since June on suspicion of being spy, has been released by Gov. Letcber Congress has been in secret ses- sion-proceedings unimportant MEMPHIS, Jan. 9.-The Appeals correspon. dent writing from Columbus, dating the 4th, says there is nothing new regarding the ene- my's movements. 4 rumor is current of an unusual stir about Cairo and Paducah Gen. eral Smith, commanding at Paducah, has been removed. His successor is not named 4
 
 expedition, came out beyond MayGed, which gave rise to the report of an advance of 10000 federals on Camp Beauregard. It is reported that several hundred torpedoes each capable of blowing up the largest steamers has been sunk in the river above the batteries, in such order as to make 1t impossible for even a fat boat or skff to float down the river without de. struction.
 The Cincinnati Commercial of the 27th, says: l "I If we are not much mistaken, 1t will soon ap. pear tbat there has not been any intention on the part of the government permitting the army to subsde into winter quarters without making a general effort 10 crash the military power of the enemy. The gun5oat faet at Cairo will soon be in so complete condition that an at tack upon Columbus will follow, Is regarded as fixed fact"
 The Hon. John c. Legrande, ex Chief Jus. tice of Maryland, died on the 18th ut.
 General McCeIlan's body guard is annouced to be Sturge's rife corps, of the Chicago 10th regular infantry, and Capt. Bankers Chicago dragons.
 The British steamers Adriatc and Persia ar- rived at Halifax with troops on the 60th, and the Cleopatra and Parana were expected on the 3lst.
 A delegate to the United States Congress
 
 held by the federas at Jefferson City. He was arrested because of susp spected southern procliyi- ties.
 The revenue cutter, Howell Cobb, from the lakes via Quebec for Boston, whent ashore at Lanes Hole, Cape Ann, on the night of the 18th ult The crew were saved, but the vessel was total loss.
 The 9Oth and 9lst New York regiments have received marching orders for Key West, Their ultimate destination will be Santa Rosa Island. dispatch from Quincy, Mo- to the St. Louis Republican, says on Christmas night, through the negligence of the guard, five ot tAo bridge burners escaped. A court martial was held at Palmyra yesterday to try the remainder. Six rebels plead gullty anu viii De -..,.. ".
 The Cincinnati Enquirer says Thurlow Weed, writing from Paris, states thatthe government agent sant to Europe to buy rifles has obtain ed from the government arsenalS Tn Austria and Saxony, 100000 rifles, which are now on the way.
 The New York Journal of Commerce, says some Connecticut regiments are having coats of mail manufactured to protect then. from the rebel bullets.
 The Cincinnati Gazette estimates that there will be surplus of 80,000,0 pounds of bacon in the north west this year, should the southern market not be opened.
 MT. John E. Lincoln, cousin of Abe, is re- ported among the prisoners from North Miss souri, taken to St. Louis by the federala. CAIRO, Dec. 26.-Two gentlemen arrived here to day from New Orleans. One of them says he passed great many people at Grand June ton on their way to New Orleans. He says the militia of New Orleans are without arms, but that they smuggling great many small arms from Havana.
 MEMPHIS, Jan. l0.--A special dispatch to the Appeal from Columbus, Ky, the 9th, says St. Louis papers have been received here of the 9th. Advices from Rolla contained in them, state that Gen. Seigel, Maj. Hassendenbel and thirty other officers connected with the army at that point have resigned
 A dispatch from Halifax, dated the 9th inst, says Mason and Sdell and their secretaries, who recently sailed for Europe, on the British war steamer Rinaldo, are expected hourly at | that point en route for their destination. Washington advices of the 4th inst, assert l that the federal committee on ways and means l in Congress, have recommended the issue by the government, of one hundred million of dol lars in treasury notes.
 l A dispatch, dated the 9th inst, from Point Rocks says 5000 rahels attacked the tederals the day previous near Hancock, Maryland, a point on the Baltimore and Ohio railroad, about fifty miles northwest of Harper's Ferry The federals were defeated and forced to retreat.-- The rebels after their victory destroyed railroad communication with Cumberland, Maryland, which Is on the same road some 40 miles west l of Hancock.