The New York herald., 1862-01-29
cvv York, wednc.day, J.nu.ry ae, 1889.
THE SITUATION.

new York, Wednesday, January 80, 1863.
THE SITUATION.
The official report of General Burnside, in refe
PENCE to the progress of and disaster to the expe
kiition under his command, and which was brought
10 Washington by special messenger, Mr.. Shell
don has reached US, and is Published in this days
HxHALD. 1t appears, from that and Mr.. Sheldon's
statement, that although a number of vessels
Aost the others having been gotten off without
serious damage. Only one transport was lost
viz: the New York-and it appears that all
on board were saved. Her cargo, unfortu-
nately, was lost, and although valuable,
was not worth half so much as that destroy
I'd in the rebel privateer Calhoun. A gun
boat or rather floating battery of two guns,
was STAYED in by the anchor and sank in shallow
water; but as her cargo all saved, her loss is
not very material and can be soon replaced. The
health of the troops is excellent and confidence is
expressed by them in their leader, who is reported
working night and day. 1t is expected that an ad-
vance will shortly be made. as everything will soon
he ready for that purpose.
! The steamer New York, reported lost on Hate
ras bar, is not the City of New York. as stated in
the evening papers, for that vessel is now on its
way to this port from England, via Halifax-at
days since. The New York is not new ship"
NOR was she built by Laird Il McGregor, of Glas-
gov for the Liverpool, New York and Philadelphia
Steamship Company" She was not of iron,
2,56O tons burthcn, three hundred I'd fifty feet
long, fifty feet in breadth. and &, 49,. .scven feet
six inches Deep" for If she had been the govern
ment would certainly have been very foolish to
have purchased her for the Burnside expedition,
which some of the evening papers reported was
bound for PamlicO Sound. via Hatteras Inlet, be;
cause no vessel drawing that depth of water could
possibly have passed over the bar in the finest wea
ther. She was not divided with six water-tight
compartments nor strengthened with steel braces"
She did not make cher trial trip on the I'd of Oc-
tober last" nor was she afterwards purchased
for the Burnside expedition" What she really was,
and all about her, be found in our news
columns, in company with descriptions of the
other vessels, and lists and sketches of the officers
of the troops supposed to be on board
During yesterday afternoon it was posted on
several of the bulletins around the city that the
news of the disaster had been suppressed by order
nr
case. The real facts were that the general ac
count received over the wires being somewhat ex-
aggerated, the government requested that its pub
Acation might be suspended until the official
report, which was then in active preparation
and ordered to be immediately published
should have an opportunity to reach the
statement, thus giving the friends of the troops on
Che expedition the opportunity to Judge of the
truth of both or either and also to save them from
any unnecessary alarm. The troops are all saved
with the exception Of Colonel Allen and Surgeon
Weller, Of the Ninth New Jersey Volunteers, who
we're drowned with the mate of the Ann z. Tbomp-
n small boat during the storm, the boat being cap
sized by the rough sea. The brave fellows lost
their lives in worthy attempt to reach the ship Of
Che officer in command, for the purpose Of obtain
Eng water for their distressed companions.
Z Sketches of Col. Allen and Surgeon Weller are
published in this days HERALD, and will be found
rery interesting. They have not fallen in battle;
but they perished in noble cause, and are quite
~ worthy Of honor.
In the House of Representatives yesterday, the
bill to issue United States notes, &C., was taken
mp, il being the special order of the day. Mr..
6paulding, while explaining the bill, said that the
Secretary of the Treasury has acted in strict con-
formity with the law, and borrowed money at the
rate authorised by act Of Congress. He has bor
sowed one hundred millions Of dollars at seven and
threetenths per cent and issued six per cent bonds
for fifty Millions for which he has received not quite
forty-Gve millions. The Secretary Of the Treasury
uhaa acted in good faith, and should be sustained.
This was war measure--one of necessity, not Of
choir. The public debt on the 18th Of January
was rec hundred and sixty millions seven hun.
0red sxty-four thousand dollars. Up to next
guly wiIl be six hundred and fifty millions; and
Bf the rar continues until July, 1858, the es.
sinaicc le5t viii be twelve hundred millions Of
6yiars, nsiading The floating debt. He argued that
pnsey tie constitution The power OF taxation on real