, 1862-08-30
Late Eastern News.


news from the Sacramento Union of the 18th
inStant: ..g..
Our dispatches from the East bring up the war
news to the 18th inst The increase of public con-
fdence resulting from the extraordinary energy
of the Government is reflected in the latest report
of the money market at New York. While the
premium upon gold had declined United States
Skies of 81 were 80 3-4--a close approach to par
and Treasury Seven and three-tenth notes had
assembled to 1039.S.
Volunteering under the first call of the Presi-
dent had been so satisfactory that large number
of the regiments raised will soon be in the field.
The draft for the second three hundred thousand
is to be rigidly enforced. The orders issued are
of character to defeat all efforts at evasion. The
writ of habeas corpus is suspended in all cases Of
arrest of persons charged with disloyalty or at
tempting to evade the operation of the militia
draft vi course there is commotion of rebel
sympathizers in the loyal States. The strngency
Of the War Department is rather heavy on the
conservatives" In the border slave States, the
effect of guerrilla depradatons and the militia
draft is to compel men to choose their position
for or against the Government. The alternative
/ is fighting Unionism or fighting treason.
! In Missouri the guerrilas have been severely
handled IN several encounters. In Arkansas the
bands of marauders have gained some Mexican
advantages by attacking small detaehments guard
ing supply trains. The "pecnliar institution >"
suffers during the prevalence of this style Of war
/ fare AS the loyasts are now mastering every
where in overwhelming force, determination is
likely to be the doom ofrehels who persist in dis
turhing ,the.peaee Of the border States
The military situation in Virginia, as far as we
are able to discern by the light of the dispatches
received, is satisfactory than it has been at
any time since the opening Of the campaign. The
battle below Culpepper Court House, on Satur-
day, Aug. 9th, is characterized as one of the most
desperate contests of the war.
Jackson and Ewell had advanced in greatly su-
peror force, with the purpose of crushing Banks
corps, and so crippling Pope's army as to prevent
speedy advance on Gordonsville. But through
the heroism of Banks the effort was baffled, and
| the prompt arrival of reniorcements placing the
contending armies upon a more equal footing.
threw Jackson upon the defensive. On the 11th
Pope had concentrated formidable army and
was prepared to advance to the attack. But in
the meantime the rebel Generals had received IL
dings of the successful expedition sent by Burn
side to cut the Virginia Central Railroad at Fred
erckshall and other points, and sending flag of
truce as a rltSe, he ingloriousy skedadded. On
the 18th the enemy had fled across the Rapidan
pursued by Popes cavalry and light artillery, and
birnng bridges to save his army. 1t is doubtful
whether Jackson will make another stand north
of Gordonsve. Banks has temporarily Welded
the command of his corps to Gen. Williams, in
consequence OF injuries received during the bloody
battle of the 9th. Sige will have charge of the
advance. The latest advices from Mcclellan
assures us that operations were in progress upon
the south side of the James. The demonstration
toward Malvern Hill seems to have been merely
feint. Returned prisoners report that the bulk
of the rebel army Of Lee is also on the south side
of the river, prepared to meet McClelan's advance
in that direction. From Cumberland Gap we have
a dispatch announcing that portion of General
Morgans forces fought two severe engagements
near that position, in which the enemy, though
superior in numbers, suffered loss of 225 killed
and wounded, and a large quantity of stores.
From England we have bit of good news
British ship-owners, having complained to Earl
Russell that their vessels were captured by Fed
eral cruisers, were fatty told that the cruisers
were doing their duty, and the neutrality prOcla-
nation should be observed.
A Few WORDS ABOUT CoTToN.-At the close
of the Revolution, cotton was not raised in the
United States as a source of profit. In 1890. less
than 100 bales were exported At that time the
wonderful inventions destined to give importance
to cotton culture, were in their infancy In Eu-
rope the Jenny of Afkwright, and the steam
engine of Watt, were being developed Arkwright
died in 1892, and Watt in 1919. The gin of
Whitney was introduced in 1898, and yet on
trial for the infringement of Whitneys patent in
Georgia, N 1907, the cotton gin had become of
so much importance that Judge Johnson remarked
to the jury that, with regard to the utility of the
discovery, the Court would deem it waste of
time to dwell long on the topic. From childhood
to age it has presented to us lucrative employ
ment. individuals who were depressed with pow
city and sunk in idleness, have suddenly risen to
wealth and responsibility. Our debts have been
paid off, our capital has increased and our lands
trebed in value. We cannot express the weight
of obligation the country owes to this invention ("
Cotton he'd rot then laid cl i'm to royalty Were
it not for the inventions referred to- the rule or
ruin element of the South would have had to find
some other pretext than slavery for the present
rebellion.
MAMMOTH SoUAsH.-Mr. James Nc
Lain brought to our office this week