The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-08-06
INTERESTING FROM MEMPHIS.
Our memphis Corresponaence


MEMPHIS July 80, 1852
The Mao Crv Relative 10 the Pwcase Of Coon-Gener1
Sas,man's Reasons for Issuing TIE Same-Is DGaduan
tags-A Rebel Force on lie Mope-WAai They intend 10
Do-A Weak Point, &C., dc.
The order relative TO the purchase OF cotton, about
which wrote you several days SINCE has at last been
given to the public in semi official FORM The Bue,n
OF this morning contained the following
IMPORTANT ORDER.
Tho following important order from General Sherman
was received yesterday by Quarermaster Henry Fitch,
and IL published for the Information Of the public
J. The Quartermaster's department has been Instruct
ed by General Sherman 10 permit money-gold silver
Treasury notesto into the bands Of secessonss
or Union men for cotton, corn or other produce.
The Quartermaster IS Instructed TO seize all cotton
that be purchased after this date and consign tho
same North for SALE the proceeds 70 BIO held subject TO
the claim of the owners.
g. Any merchant or trader dsbursing money for the
above named articles after being informed Of this order
viii be arrested and tried by the military commission for
aiding the enemy.
A. Citizens may procure cotton il they get il by giving
obligations to pay for at the end Of the war the
pleasure OF the government they deposit the value
OF with the Quartermaster bs held trust for
benefit OF the owner.
General Sherman assigns as a reason for the above
orde the fact that specie and Treasury
abroad by the Confederate authorities in payment for
arms and munitions OF war; 1t at first thought best
to limit the purchase Of cotton from those only whose
loyalty fully established but General Sherman at
length decided TO cut of all traffic. For the government
to seize and sell the cotton, and become respon-
sibe to the owners for tho same will be
perfectly proper mode Of dealing. 1t will greatly
diminish the supply going North since the authorities
will not be at all likely to display as much energy the
collection and purchase Of cotton is shown by private
individuals Neither will much be thrown into
market by the owners whom the prospect speedy pay
ment Is taken away. The expectation OF cotton from
Memphis will materially diminish from the moment Of
PRONUNCIATION OF the above order Tennessee and South
ern money only can be used in payment for the staple
and the effect will be 10 increase the value of this kind
currency.
There rumors that a large Confederate force IL
passing between Memphis and Grand Junction, in
the direction OF Bolivar, with possible design
OF blockading tho river ut or near Fort Pillow
Little credence is given TO these stories though
who knows the situation anything to prevent
such n movement. On our line from Memphis to
Chattanooga through Northern Mississippi and Alabama
have careessy left break of sixty miles from tins
city to Grand Junction with nothing to protect It, am
giving no cOntraband information in the above state
ment for It is well known the rebels us, and
has been the subject OF open comment and speculation
for weeks past II enemies half enterprisng
as needless they would speedily trouble
in West Tennessee The growing holiness OF the gueras
gives evidence that they the alert and poss
bic that there may be serious demonstrations OF hostility
in q short time.