Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1862-01-23
Ills CABINET BBRS9ED qUPl

telllgence was received to-day
from passengers on the Virginia
and Tennessee trainfof Il fight
few miles beyond rrestonburg,
Kentucky, between the forces un-
der Gen. Humphrey Marshall,
numbering 1880 strong, and a
body of. Federals about 5000
strong. Marshall was falling back
when he was attacked by the enc
my. He was posted in narrow
gorge when they came upon! him,
and the engagement that ensued
is represented as oneof- The most
desperate Of the wars .fsis go
Col. Moore's regiment charged
the enemy, when hand to hand
conflict enshed, which lasted half
an hour. The Federals fought
gallantly, but finally broke under
the desperate charges of the Ken
tuckians, and run in Bull Run
style. Marshali's force was COM
plctely exhausted and Cell back to
prstonburg. THE Confederate
loss is twenty-five Killed and fif-
teen wounded. The enemy's loss
amounts to ever two hundred Kill
ed. ~ n''' .
This information was brought to
Abingdon, Va, by parties WHO par
ticifatcd in the battle - ''8.
FoRr Henry, Jan. II The
Federals have approached within
four miles. They are landing
large bodies Of troops and NUM-
tons. We ere looking out for a
fight. Sure to ierulse them. 80.
RlcnNoSD, Jan: 16.-Putfic dis
patches from Norfolk tonight re-
port that the troubles in the Lin
coin Cabinet are eliminating. The
announcement of Cameren's resig-
nation is generally credited.
Troubles in the Federal Con-
gress are reported ON the increase.
Financial matters at the North
continue to grow more embarrass
ing.
New ORLEANS, Jar. II "A spe-
cial dispatch to the New Orleans
Picayulie, from Norfolk Yesterday,
says New York dates Of the 18th
inst. have been received at that
place. The resignation of Cameron
arose from the difference of opin-
ION between him and Lincoln on
the emancipation question. 1t is
that Cameron is to be
made United. States Minister to
Russia. .H i.Gf ta aa. et,r.
It is. believed that Secretary
Chase has resigned.
The financial crisis at the North
to increase, and a consid-
erable panicprevails every where
Business in New York is entirely
suspended in the midst Of the, anx-
ious suspense growing out OF the
course England will probably pir-
sue with regard to the Trent affair
and the surrender of Mason and
Slidell.Q.Gqad tHalIe a
1t is proposed that the Federal
Congress issue Sl00,000,9e0 in
Treasury notes, but the success of !;
the measure is considered doubtful,
Is the people are already refusing
10 take the Treasury Notes al
'eady in the market
The New York Herald is siren
lously demanding the imposition ,
If direct tax, by which to raise
he money to prosecute the war.
Tie Herald proposes that S50,000-i ,
100 be raised by direct tax to be !
aid upon articles of necessity, and
rs, 100000 by stamp duties
Nothing however has yet. been I
lone, and the future looks black :
indeed. !
The Board Of Bankers, from {
he principal cities Of the North, r
net the Committee on Finance of +
s e. A.. L
lie Federal Congress at Chase's :
in Washington, on Mon
ay, the 18th inst. The result of
four hours conference was that Il
'hase threatened high taxes, while J
ne Bankers were memorable In d
heir refusal to furnish money to le
he Government. ~ - 10
RIcHMoND, Jan. 1S.-Ex-Presi- S
ent Tyler, who has been i'll for te
everal days, died during last
ight The Flags on the capitol
re at half-mast, in consequence I
f the melancholy event. orr :
There is a tin mine in Arkansas II
,h,oE <l,o< III