The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1862-12-31
News and Items.

News and Items.
Congress found time on the 23d inst, to
adjourn two weeks for holiday sports.
The Committee on the Conduct of the
War, have submitted their report which
fixes the guilt Of the Fredericksburg fail
ure upon Burnside. The Washington
Chronicle officially announces that there is
no intention Of superceding Burnside;
the Republican clamors for his removal.
Quite recently Memphis was thrown in
to feverish excitement in consequence Of
the presenc three hundred audacious rebel
cavalry within the city limits. The rascals
planted flag, robbed several stores and run
of hundred head Of fat cattle, after which
they fell back in good order.
One week ago Saturday, one Of the most
disgraceful events of the whole war, occur
red to the grand army Of the Mississippi.
At Holly Springs there were stored mil
lion dollars worth Of supplies for our ar
my, guarded by competent force. TO
destroy these supplies, and cut the railroad
in twain, thereby forcing Grant to fall back
with his army, was the natural strategic
plan Of Gen. Van Dorm. The commander
at Holly Springs learned that his post WAS
menaced, and threw his pickets out three
miles ON the roads, and with his whole
force went to sleep. The rebels with dis
regard of Irregular approaches" came in
between the roads, and fell upon our men
at daylight, capturing them without much
difficulty. The evil consequences Of this
affair can scarcely be expressed. 1t may
require the falling back Of Grants entire
army, and the loss of four months cam
paigning.
Rags have recently declined two cents in
the eastern cities and still have q down.
ward tendency.
The inhabitants along the lower Ohio
river are having their periodical scare. As
our forces penetrate south of Kentucky
and Tennessee, the guerrilla bands collect,
tear up railroads, and play smash general
ly. A day or two ago we heard that Column
bus was threatened. Now we hear that
Glasgow is captured, Bowling Green menac-
ed, and all the towns on both sides Of the
lower Ohio river.
Telegraphic communication is cut off
again between Louisville and Nashville.
Secretary Chase's new financial scheme
proposes that he may borrow 5000, 100000
at his own discretion; also that no banks
now existing shall be allowed to enter into
his proposed banking system unless they
reorganize under new charter.
All the hospitals in Washington and
Alexandria were provided by the ladies
with Christmas present, in the shape Of
good plum puddings and fat turkeys. We
will warrant that many broken down SOL
der, blessed the loyal women whose hearts
prompted this remembrance.
4 bill has been proposed by members If
the Committee on Ways and Means, which
will be presented to the House. as substi.
tute for Secretary Chase's bill. 1t is as.
serted that no notice is taken of the bank
ing part of Secretary Chase's bill. 1t is
said that the leading features Of the House
bill will b. further emission of treasury
notes, and loans on one, two, and three
years.
Gen. Banks is believed to be in New Or
leans. He and Gen. Burnside should be in
Richmond ere this.
Permission has been granted for the or
ganization of three more new regiments of
Indians for the Indian territory The lined
and non-commissioned officers will be In.
dams.
A vessel from St. Thomas reports that
the rebel steamer Constitution ran the
blockade at Wilmington, N. c. on Nov.
oath, and arrived safely at St. Thomas
with full cargo
Negro instructions: are reported as about
to take place the LIST OF january.
The 10th Iowa regiment, which was 6rst
under fire, at the recent battle of Prairie
Grove, Arkansas, won imperishable glory.
The record attcsts how bravely they Tough,
Al killed outright, and LAT wounded.
The steamer Platte Valley recently
brought roo bales of cotton to Cairo. Re.
ceipts of cotton are becoming quite lively.
The American ship Weymouth which
sailed from Hong Kong for San Francisco
on the oath Of October, was lost on Pratos
Shoals, on the 3Oth, and the largest and
most valuable cargo ever shipped from Hong
Kong to San Francisco was totally lost
The cargo consisted mainly Of teas, and
was valued at more than one million Of
dollars.