The New York herald., 1862-04-19

FABRICATED NEWSPAPER CORRESPONDENCE
The Tribune is savage at the expose made by
ae Missouri Democrat of the manner in which
it's accounts of the battle Of Pea Ridge were
made up. To its specific assertion that only
two regular newspaper correspondents-Mr.
Knox, Of the New York HERALD, and Mr. Fayel,
of the Democrdt-were on the field and in
position to give the details Of the fight, it re-
plies by generalities, affirming that its letter
reporting the battle was written by one who
was present at and saw the whole affair, and
who was, furthermore, professional news
paper correspondent. II this were 30 nothing
would be easier than to give the name of the
statement Of our Missouri contemporary, which
is too positive to be otherwise dealt with
In its rage at being detected in passing badly
concccted counterfeits upon the public, the
Tribune turns upon us and asserts that we have
the reputation of preparing in our own office
the correspondence that we publish as coming
from distant points. The HERALD has no such
reputation. The calumnies of one or two Of
our disappointed rivals, happily, do not consti-
tute one, and the fact that when any news of
exciting interest turns up the public imme
diately rush to our columns for information as
to the details is the best contradiction that can
be given to 80 impudent o lie. The Tribune
Is the last journal in the country that should
engage in a controversy like this 1t has prac-
tised too largely on the credulity of the public
in the letters which it has pretended to publish
from the South, relative to fabricated atrocities
alleged to have been perpetrated on slaves by
their masters, to render it safe for it to charge
upon others the dishonesties it has been in the
habit of committing. BY such unscrupulous
practices it has assisted in bringing the country
into its present difficulties, and it is now so
welded to them that, as has been shown by the
Missouri Democrat, it cannot, even in matter
Of news enterprise, leave them of.
WHAT TAXATION WILL Do.--According to
statistical calculations furnished by the Boston
Chamber Of Commerce, the aggregate value
of the productions of the country amounts to
the sum of two thousand millions of dollars.
At the close Of the war the interest on our
debt may be estimated as being likely to
amount to one hundred millions. Then it may
be calculated that another hundred millions
will be necessary to meet the annual exrcndi-
lures of the government. Consequel two
hundred millions will have to be raised by
taxation to meet the interest of the debt and
for the support Of government. This will
amount to ten per cent on the above aggregate
value Of the national wealth. This amount
Of taxation will be derived from labor and
land-the two elements which are the sources
Of all national wealth, and by which the
chief weight of taxation will have to be borne
We arrive by the above data at the follow
ing general concusions;-First, that the value Of
fancy city property in all the great cities will
be reduced about fifty per cent; oil other pro-.
perty ten or twenty per cent. Labor will
have to pay of the tax an amount equal to ten
cents on the dollar, or ten per cent. In the
meantime government securities will rise in o
few years from ninety-one to hundred and
twenty-five, according to circumstances. There
will be trying and almost revolutionary times
in all financial affairs; and no wonder.
THE GovERNMENT AND TIE PREss.--What is
the matter with the War Department. There
has been no official bulletin about the
press, its duties and transgressions, in at loast
three or four days. This is truly wonderful,
and we are curious to know whose fault it is.
Certainly II cannot be Secretary Stanton'sf Or
has the President interfered and taken the
management of the press censorship into his
own handsH If not, we heartily wish he would
do 80, or at least devote a small share OF his
attention to tho matter. His sound practical
common sense would obviate all our Difficult.
ties, and enable the government and the press
to progress harmoniously and systematically in
subduing this rebellion. We are sorry to say
chat none Of the Presidents subordinates has
yet succeeded in accomplishing this happy
result
THE BROADWAY RAILROAD SwNDLE--The
Albany schemcrs who are endeavoring to rob