Arkansas true Democrat., 1862-08-06
BY TELEGRAPH. H .

ing items Of news;
 A letter from the federal fleet at Vicksburg says; "The canal promises to make an excellent ditch, but little else, and truth compels the statement that Vicksburg is in small danger of being cut oil from the father of waters. The water has so far resoutey refused to enter, while the excavation Is much too narrow and shallow to promise success. The negroes make little show of working under their new masters"
 It is intmated by Lincoln's chief auditor ot the treasury that by the Ist of January next, the debt of the United States will be APO millions ot dol lars. , 4 general exchange of prisoners has been final lv agreed upon, including Gen. Buckner, whose exchange. it has been pretended by the federals constituted the objection, on their part, to a gene ,al arrangement. It was effected by Gen. Hill, on the part of the Confederates and Gen. Dix on the part of the Federas, through the instrumentaiity of Col. Miller, of Missouri and Maj. Stone, or Iowa. two prisoners in the hands of the Coniede- rates whom the Confederate secretary of war sent 10 Washington on their parole for that purpose Col. Miller says the Confederates hold twenty thousand Union prisoners in the South
 [NorE.-The perfdy of the fede:als is again aparent in this explanations, for It IS well known that their objection to general exchange was be- cause they had the most prisoners, and not because of their reluctance to exchange BuckGer at all.- They consent now solely because our puSonS con- in more prisoners than theirs.l
 Mai. Cen. Henry w IIallech has Been appoint ed commando erin chief of all the federal land forces. and summoned to Washington City Gen. Scott has not been made secretary ot gar
 One hundred officers of McClelians army have resigned since the battles at Richmond, bat their resignations have not been accepted. So says the Chicago Times.
 Col John 5. Phelps, dispatch from Washing ton says has been appointed and confirmed military governor of Arkansas
 The Havana correspondent of the N. Y. Fri bune says the French forces in Mexico had capitu lated fir m want of food, having eaten their altil lery horses.
 N. Y. Herald is not hopeful of filling up their army very fast-admts the campaign :" ended ioah ouy lfdraD repulse betore RichmOnd,' and says the next one ' 1CW Teq0ire neU troops, nelc ptanS and aeir combinations" The Herald censures the Secretary of War, and says he " issues call for fbree hundred thousand men, not just before batLe ,rhen lie pe0pe are enthusiastic but just the heels Of C repnise aohen he people are dewessed." :"
 John Morgan has met with great success in Ken tucky; his force has increased from ,00O to 000 and the correspondent of northern paper thinks he will have 10, 900 men, well armed and equipped before d week. The alarm at Louisville and Gin cinnat was general. Bankers, in those cities, were shipping their specie to Chicago, and other more northern places.
 SIGNIFICANT CORRESPONDENCE.
 The Itheca, N. Y, Citizen publishes the follow ing nervous correspondence:
 DEPARTMENT OF STATE,
 Washington, July 9th, l662.} My DEAR CooK-You must help Diven and Van Valkenburg raise men. All IS ,oeH # ,ce instantly sgo,o our strength I send him (Diven) home for that purpose. Faithfully yours,
 WM. II. SEWARD. .4Ion. CHAs. CooK.
 FROM HON. MIR. OWEN, M. c.
 ELMIRA, July 9, 1869. DEAR SIR: I shall be with you in day or two. Don't say can't. Don't say that we must resort to drafting We have not time to draft Ne musf end Ais aoay Ssn or light the uv0rd. We can end itnow. We can't fight the world successfully; you know we can't. But as l am to see you soon, TO more now h haste yours, A. $. OWEN. Hon. CHAs. COCK.
 Of this correspondence the N. Y World says: This little bit of correspondence touches the quick The rash speak often, and often go un- Leeded The calm startle others when they them selves are startled. The equilibrium and equan- inity of Secretary Seward is provelb. Noman's temperament is better known. No mans opinion has more weight. II has name for foresight and sagacity But it is the calm of the man that gives these their currency. New York listens to him as an oracle. Men knock at his door inquring anx- iouslv: Watchman what of the night?' No one will call the Premier alarmist. He has been criticised for over hope, for supelabundancy. But it is this man who has at last spoken nervous, anx ioGs words:
 .You must help Diven and Van Valkenburg rlise men. All is well # ue instantly shoo our strength. l send him (Diven) home for that pur- pose
 Divcn who is sent, speaks Fresh from the Sc cretary, he reterates his words. Their nervous ness and agitation increases in their repetiti0n.- I've must end this ,car nOw or fight the wOrld.'
 No official bulletin of Mcclellan nor Froclama- nation rom the President, could have carried with it significance so weighty, so momentous as these three or four lines private and familiar, from the honorable Secretary of State. There they are, full to the brim, of what every patriot can appre cate. and of what should wake the very dead, if any such there be among the patriotic of our sticken country
 John Morgan fought and whipped the enemy at Cynthiana, Kv, and took many prisoners, whom he paroled portion of his command crossed the Ohio, took the town of Newberg, captured 250 stand of arnS burnt all hospital stores there, and frightened the good people of Evansville, distant p miles, nearly out of their wits. The raid stirred up the Hoosers and their Governor considerably.
 At Lebanon, Col. Morgan captured Lieut. Col. Johnson and two companies of the 25th Kentucky regiment and killed several. Gen. Boyle was making every preparation for the defense of Lou isyille
 Dispatches from Cairo report the capture of Memphis, in northern Mo-, by the COnfederates. A SpeCldI ulSpdlcn lO lne tIODilc SIottf, ud- ted Chattanooga, July 18th, says the enemy concentrating considerable force at Tuahoma forty miles on the other side of Stevenson.
 Bues' army is represented to be in a tight place, and the activity of our army in East Tennessee indicates important movements
 Dispatch of July 2lst says: Buells' force is massing at Bridgeport. They are building bridges 10 cross the river.
 The ODiRione National, says that Russian papers review the rumor that France, in consequence Of the stubbonness of England against doing so, has invited Russia to join her in offer of mediation 10 America.
 DEs ARC, August 3d. From the Memphis Bulletin of July 28th We take the following:
 Hundreds of men, women and children have ar rived from Memphis by every possible conveyance many of them on foot. The enemy, with force composed of cavalry infantry and artillery are at Cold Water. Gen. Thompson had destroyed the Hudson bridge, which prevented their further ad vance.
 PETERSBURG, July 25.-The Petersburg Express has a special from Knoxville, announcing the rival of a special courier at headquartsrs in Ten nessee. from Col Morgan who was at C1eorgetown, July 18th. Morgan says, we have captHred eleven cities and towns with large amount of army stores. We have sufficient force to hold all the country outside of Lexington and Frankfort, which places are chiefly garrsoned by home guards.