Muscatine weekly journal. [volume] (Muscatine, Iowa) 185?-1890, 1862-02-07

The Richmond Dispatch admits that the
aggregate force of the rebels now in the field
is but 100000.
FORT MONROE, Jan. 10.
The steamer Ericsson, from Hatteras, has
arrived.
The Ericsson brings nothing later. except
that the Burnside expedition was about to
leave for its destination. ..t
A pri, oner of war, named Taylor, has ar
rived here by flag of truce from Richmond
He says that Gen. Beauregard has left for
Kentucky, taking with him 900 men from
Manassas, and that jefferson Davis is to take
command in person of the troops at Manas
sas, after his Inauguration as President, on
the ed of February.
The greatest panic prevails at Norfolk and
Richmond, in regard to the Burnside expedi-
ton.
1t is understood at Richmond that Gen.
Beauregard would be there on Saturday on
his way to Kentucky. The opinion at Rich
mond was that the Mcrrmac was failure.
ST. LOUIS, Feb l.
Intelligence from southwestern Missouri
indicates that several days may elapse before
the occurrence Of anything important,
Commodore Foote being in want of
men for the gun-boat service, Gen.
llalleck has issued a general order,
in which commanders serving in the Depart
ment are ordered to take immediate steps to
ascertain what men in their respective COM
mands desire to be transferred to the gun
boat service. Care must be taken IN select
ing, and preference be given to men best
fitted for such service. The men selected arr
ordered to report to Lieut.. j. w. Bracket
U. S. A., St. Louis, by whom they will be
enrolled and shipped. A list of men is to be
furnished from each command in writing. lr
each case the company and regiment is to bt
sent to headquarters, that orders directing
such transfer may be issued without delay.
| WASHINGTON, Feb. |.
1t is reported that the transports of ih
Burnside expedition are nearly all Of heavie
draft than was represented by their owners
This was the cause of all tho difficulty at Hat
teras bar.
The House Committee on Ways and Mean
are more confident to-day, of their ability t.
pass the legal tender clause of the hundre'
million Treasury note bill.
Special t. Tribune.
Secretary Chase's answer to the Commute
VI w dyS 0llu MCdtIS was lCCCiNCu tIlIS HUI
ing Their resolution required him to ex
press his opinion as to the propriety and ne
cessity Of the immediate passage by Congress
of Mr.. Spaulding's legal tender bill. Th
secretary begins by saying that the cond
ton of the Treasury is such that the CON
mittee's till should be passed at the earlies
practicable moment. The general features
the bill he admits to be correct and to hav
his approval. In regard to the legal tende
feature, he urges the passage of the schem
of banking, recommended Ill his report, as
means for funding considerable amount
the public stock, and concludes by suggestin
, some unimportant formal amendments, bu
which in no way effect the principles of tt
bill.
q BosToN Feb. l.
A fire broke out here last night, in til
Granite Block, Nos 2s3, 285 and 2s7 Wasl
ington street, occupied by Mr.. H. Pray
Q Sons, carpet dealers, John B. Davis & Co
and William R. Stornes & Co., dry gooc
dealers. The building was owned by II
. heirs of Franklin Dexter. Loss is $780,
which is mostly insured. ....-
HARRISBURG, Pa, Feb. l.
A collision, attended with serious cons
quences, occurred on the Northern Centr
Railroad, yesterday morning. A freight trai
f and repair train collided at a bend in II
!. road, near Cockeyesville, Nd. One man,
workman on the rosd, was instantly kille'
D and four others injured, two of them SCI
!, ously. .--..
!. New YORK, Feb. |.
t The stock market took heavy downwar
n surge to day, amounting at one time almo
= to panic, influenced by the unfayorab
news by the Africa yesterday. The declin
g in some instances, is equal to four per cent
with heavy sales, but at the close there is
r decided rally, some descriptions recoverir
3@1 per cent. from the lowest point. II
! real cause of the decline is seen in Il
heavy fall in those stocks which wei
S most affected by the beligerent attiut
O. Of England on the Mason and Slide
. capture Pacific Mail, Erie old stock, Err
" preferred and Michigan Central are mo
pressed for sale, being generally most sens
e tive to any new foreign trouble.