The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1862-02-01


The Nashville Banner has an Interesting lst.
ter from Bowling Gress, datsd the Doth ult-,
from which we gather the following extrson.
Ten days since an snsagsmsns Of ne snsl
: magnitude was imminent in this quarter
Divisions snd columns and batteries were driv.
ing forward, and our leaders urging On the ID.
vance The ansmy ct Green river WIS q
heavy force, and expecting continually 70 b
Joined by their entire and imnsuss army,
which was moving down, while their sdvanos
were thrown, menacipgly. scross the stream.
The two armies were thus In close proximity
and advancing. This state Of things certainly
justified the general expectation Of 90 imme-
diste 6ght, and quicksued the public pulse -
regarded the result. Since that time consider.
able change has taken place IN the military
status. Hindman's forces, which formed our
advance, have fallen bsok this side Of Cave
City, while the Federals, frightened by the
warm reception given them By the lamsnfsd
Col. Terry, have for the most part rstFsatsd
beyond Green river. The brigade Of General
Breckinridge IL encamped about twelve miles
above here, while the Kentucky cavalry still
remains in possession Of Glasgow. The Fed
eral force this side Of Green river ID vsriously
reported; but it is fair to presume, from the
best information at hand, that it numbers from
three to ave thousand. They, for the prsssat,
seem disinclined 70 make hasty advanes.
/ Mentioning the return Of the Tsxaa RAa.
g.rs, the letter says: ~ ea
They represent the Federals % bsiue affaid
of fight, and not anxious to attempt an ad-
vance. They confirm the reported estimate q
the army this side Of Green river, vi1 that II II
from three to Eve thousand. On the 10th, the
Federals, in heavy force, estimated by some,
at seven thousand, appeared on the North baak
of Green river opposite Brownsville, which u
in Edmonson county, and distant from this
place "a miles. Their actions and manners ln-
dicated design to attempt the crossing Of the
river; if any such design, however, were en-
tertained, it was abandoned, a. none Of then
have been seen south Of the river in that ~
gion.
| THE CONFLICT NEAR AT HAND.
Notwithstanding the falling back Of troop
| on both sides, and the n-occurrence Of any
exciting event during the past ten days, null
tiplied in numbers and more mighty ON the rs-,
bound, the two armies are about rushing to-
gether for mastery in the conflict Our fu.
| ture and perhaps yours, is to be decided, and
| soon, too, by the stern arbitrament Of the
| sword. Like Camilius of old, we throw our
| steel in the scales before the advancing and ex-
torting Gauls, and tell them it is with that
alone we purchase liberty. The vast accessions
referred to as being daily made to the Federal
out every thing relating to our forces and move
ments, coupled with the fact that thirty thou
sand more of their mercenary hordes hsve
been authorized for immediate service in Ken.
tucky, show that they intend to move forward
with every available means they can command.
On our side, every indication goes to show an
early conflict impending. Our Generals, ever
alert, exhibit increased vigilance and activity.
One day they are on the advance lines, the
l ovx snc anx,n -
their troops. They are here, there and every
where. Vast reinforcements are pouring in at
rate more rapid than anything that has yet
been Witnessed On arrival, quarters are i'm
mediately assigned them, the localities being
selected before they reach here.
Their instructions are to be ready for any
emergency. few days since, the Forty-6rst
Tennessee, full, brave, and splendid looking
regiment, reached here. Just after them came
entire force from Camp Beauregard arrived
General Bowen's entire division, 1000 strong,
are ooming-two of the regiments reached
here to-day. They were the Twenty second
Mississippi, Col. Bonham, and the Twenty.
second Tennessee. The others will follow to.
morrow. General McCulloch, the .world-rs-
moved Ben, is on his way here. with his re-
doubtable troopers, and General Floya and
his forces; it is stated this evening that he had
hrrlVeu ~ Valatlu, WneuC0 u0 WOulQ take up
his line Of march for Scottsville, Kentucky
If this be true, he is designed to cooperate
with Zillicofer. Scottville is twenty I've
miles east Of this place, Immediately on the
main turnpike leading to the Central part Of
Kentucky. Cavslry, artillery, and heavy bat
teries, are also daily coming, in large quaint.
ties The great conflict, then, though II may
not take place a. soon % recent events may
have led Us to suppose, is near st hand, and
cannot be long deferred.
OUR FINANCIAL PoLIcY.-Thomas q. Benton
at the commencement Of the Mexican war. con.
dsnsed the method of sound national fnsnoier.
ing into single phrase: "Taxss first, loans
next, and treasury paper last" Congress be-.
gan at the second step last summer, and is now
urged to take the third with perfect reckless
ness. 1t is so much easier to stamp paper with
snowy pictures and delusive promises and call
it money, than it is to draw real money by d.
rect taxation from the pockets of the people,
that our legislators have strong temptations to
| pursue the former course. Debtors, who wish
to pay off their obligations in deprecated
currency; spectators, who have stocks or
goods to sell, and seek to obtain high prices
under an inflated currency; ;foreign bankers, who
wished to raise the rate of exchange and oausss
flow of gold to Europe;and government contract
ors who, in the general unsettling Of values, csn
all these classes desire an excessive issue ofir.
redeemable paper money. But there arestrong
symptoms that Congress will shut down on 'sde-
mand notes. after $50, ,000, 900 are issued, and
will leave no article untaxed which is capable
of yielding revenue. The House committee
of ways aud means are diligently at work ad-
ljusting the details Of new internal tar bills
which will produce, it is thought, at least $780,.
l000, 900 per annum, with the tariff duties al
l ,:~l a. 81
the right end. The beneficial effects Of such
rumored action is seen in the decline of the pre-
MUM on gold from to 13a2 per cent. during
last week. Loans can be easily obtained, st
fair rates Of interest, if securely anchored On
stiff taxes. Treasury paper can be rssorted 70
as temporary expedient, while waiting for
taxes or loans to come in. But there should
be no humbug about it, no leaning upon it sx-
clusively. Broken promises and worthless
pledges should form no part of the currency Of
rich and intelligent people. Irredeemabls
source. 1t has ruined more people that war
for the last $50 years, and has disgrsced gov
ernments more deeply than defeat. Expert
ments with it have always ended in one way.
and burned the fingers of both rulers and sab
Ijects. Are we to learn nothing from historyf
No matter if the demand notes" should bs ul.
timately redeemed, as we all believe they will
be. They have deprecated already, % that
per cent discount has been charged upon then
at Washington, even for "drinks." Increase
! the quantity, expand the general circulatioa
with these notes, and they depreciate still fuTth.
er by Q law as inexorable as that which mslts
sEow and ice in warm day. For they are not
money; calling them money viii not make then
so, acts of Congress and Official autographs win
not hold them up. Alchemy Of lead and iros
is an exploded old fogy idea, but alchemy oe
, paper, though just as ridiculous and impossihis
has many advocates. Gold and silver are the
, only recognised money Of the world. Papsr
currency, however well secured. will not pes
, in our trade with other nationa A huge vol.
ums of .demand notes" will assursdly drain %
J Of gold to Be sent abroad: for Na cannot etop