The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1862-05-03

New York, May 2.-Mr. Cisco to-day ne.
gotatcd the exchange of one million Of the
! 3 10 per cent. notes for one million dollars.
the interest upon the notes to be paid up to
date by the banks making the exchange.
WAsuISGroY, May According to re.
cent order Of the war department, when the
care of sick and wounded soldiers is assumed
by the state from which they came. the sub.
sis,ence department will commute their RI.
tons ut - cents
CsRo, Nay 2.-The river Is stationary and
s inches higher than ever before known
The news from Cairo is Of the highest i'm.
pOrtance but its transmission over the wires
Is prohibited.
The bombardment OF Fort Pillow is contin.
ued by the mortars at short intervals.
1t was generally believed that smultanc.
Gus attack would be made by the fleet before
the end Of the week.
DescrterS say that the entire rebel gunboat
fleet, under command Of Old ll0lins, had ar.
rived at Fort Pillow, and would make an at
tack on Com. FOOte rs soon as prepa rations
could be completed
Memphis papers Of the Goth Of April say
at meeting held the night previous, it had
been concluded to burn the city, in case Of the
approach .. the federal fleet
The fall OF New Orleans il referred to, but
no particulars are given.
In an editorial the people are urgently
called upon to reinforce Price at Fort Pillow,
as the only means of saving this city.
WAsuISGToS, May 2.--IIouse-M cssrs.
Morrill,, Of w., Biddle, Of Pa, and Norhies
Of Ind the first named having risen to
question OF explanation, made remarks excul.
patlng Gen. Smith from the charge of drunk
enness
Mr.. Wash1urn, of Illinois, also defended
Gen Grant from similar charges.
Mr. Richardson, of ILL.,. thought all these
things ought to he left to the military author
ity. If the riot act was read dispensing con-
gress, the army would get along much better
BEFORE YORKTOWN, May 2d.-Prof. Lowe
has brought up huge balloon called the In
treped. 1t was built to carry up from four to
six persons, and from its position in the edge
of the woods towers up above the lofty pines.
1t lies at anchor ready at all times to make
an ascension. Gen. Barnard went up few
days ago, and remained at anchor over York.
town, for nearley four hours. This is the
fourth balloon we have here between the
York and Jamesarivers.
WASHINGTON, May 2d--The current re-
ports that Gen. Mcdowell has crossed the
Rappahanock and occupied fredericksburg
is untrue. Telegraphic communication is es.
tabished with him.
Dispatches from Geu Ilalleck, dated to-day
say nothing OF the reported evacuation Of
Corinth. 1t is discrcdl,ed
Deserters of the rebel army continue to be
very numerous here They are coming daily
and almost hourly. from various divisions of
the army, and all agree in their statement
that the rebel force is about lO0, 600, and of n
very general depression of spirits among
both officers and men.
The news Of our recent victories is kent
sedulously from them.
Special to times:
WASHINGTON, May 2d,-The town was
startled by a rumor that all the members of
congress from the border slave states, and n
number of conservative sympathisers from
other states, were seriously considering the
proprety Of withdrawing III a body from
the senate and the house. and thus precipita.
ting decision by the people of the whole
country, on the radical measures of confisca-
ton and emancipation.
fORT .huNkpE NAY "a refugee from
Norfolk who lief, last night in row boat ar
rived here this morning
He says Com. Tatnall received sealed or.
ders on Monday and sailed, but opening them
in Elizabeth river, found he was ordered to
run the blockade and proceed to York river.
He thereupon returned to Norfolk and mme-
diatcly resigned his commission, together with
his chief officers.
There was general expectation in Nor
folk that the Merrimac would come out at
once.
There are 5000 or 1000 rebel troops under
Gen Huger between Pig Point and Norfolk.
Three companies in Portsmouth rebelled a
few days ago, 1t is also reported that part
OF Gen Magruder's forces had mutinied at
Williamsburg.
A torpedo has been constructed at Norfolk |
calculated to be managed under water BY one |
man. and be propelled by him under the yes.
sci to be destroyed. 1t is said to be five or
six feet long.
Headquarters Army of the Potomac
May 2-2P. NJ.
The rebels opened this morning with their