The New York herald., 1862-10-12
NEWS FROM WASHINGTON.
wvnlsorS, Oct. II. 1861.

Il
Tho bankers brokers stock speculatcrs of every
description been at high fever all day over rumor
ahi.h was current that the Secretary Of the Treasury
for the second time proposed TO certain parties 70
exchange long bonds for Treasury notes, az hgures
slightly below tho market price, 70 the amount os
nf,y millions Of dollars There confirmation Of thi'
ruuo however although the condition OF the Treasury
the ~e known need Of the for the Trea
sury notes not only TO pay ascertnsd and allowed in
,edncss actually the payment OF arrears TO
soldiers, gave color Of probability to the report There
consequently great auteIins among the stock secu
money changers. and most Industrious eloris
made ascertain If there any foundation for
the ruor but far ithas not been discovered whether
| 1t is not
The sudden advance in the premium upon gold is at
rbuted the efforts OF the Secretary OF the Treasury TO
procure gold the payment OF interest on the public
deb. His conrivances thus FAR have stimulated spccua
tons this article without bringing any very great
! amount OF il into tho Treasury.
II is said That Mr. Chase conemplates new financial
movement in tins direction Immediately Shrcwd bankers
and capitalists abroad making Investments upon
all Of sHleable commodities. They base their
upon calculation that the federal currency
must from necessities Of the government and the
peculiar management OF It's financial affairs, continue 10
deprecae They look for their profits In the fact that at
the end sixty days four months they pay in
Deprecated currency the Indebtedness now incurred
| WHY THE DEMANDS AGAINST THE TREASURY ARE NOT
/ PAID.
IT should be understood that difficulty experienc
at the Treasury in paying of demands against il has
ariscn principally from the uab,tyof that department
get Treasury notes supplied in sufficient quantities by
| the RInk Note Engraving Company at New York To
called in other engravers would have been
traventon Of the law, which requires that the lowest
bidder shall be employed yet departures from strict
law present public exigences constantly sustained
by public opinion tho employment by the Treasury De
partmcn OF all The engraving s OF the counry in FUR
nishing postal currency, excise stamps and demand
Treasury notes would have been justified In the
proper supply Of the latter, certificates Of indebted
ness rcsortcd for time, but they have
erest their issue discontinued at as early day
possible Practically it would have been better b have
kept issning them until demand notes could be fur
nisned in abundance The postal currency should have
been sweIled volume rather than the and two
dollar notes. AS consequence the people at large have
been obliged to resort TO postage stamps which
much pnblc Inconvenience and loss.
ExcrsE STAMPS.
Several stamps OF the lower denominations have been
engraved for excise purposes The designs simple,
and there is danger ha. they may be counterfeited.
| TnB CASE or GENERAL MAKTINDALE--TEsTIH0N
or GENERAL EuTTEkF!EID.
The Cour, OF Inquiry examine charges against Brig
adler General Martindae commenced taking testimony
to-day General Harncy prcsidos assisted by Generals
Casey aud Eirncy, with Lieutenant West, OF General
Casey Is staff, Judge Advocate.
nrigadier General Bu.terheld examined and tcs.
tGed substance that he present with the Army Of
the Iotolnac TIE peninsula, that The battle
o Malvern Hin, july l, the rebel army de
reaied witness company with General Martindale
on night after the ba,tc towards morning, having
est Malvern Horse with Generals Porter, hore and
s.y csal officers he fell in with General Mrtiudae
Oh the road towards HiTrisOn's Landing, ia the Of
| Malvern Hill, hospital situated about har mile
the The hill; the wiross could only testify
the general Of the conversation General Martin
da'c asked "Why re'reatng and what does It
mean'' Witness replied, 81 do know We have
gained decided victory; that il was . hoart-oreakng
orler 10 me; but hc obsyed.n described my
imprc Of The feelings OF the wounded oicers and
mon Of the communal le bohi!d and said II grieyed
much them there General Mirtindale described
his impressions and feelings in regard 10 his wound
ed officers men, and saId 4 very sad hard
ting H. leave them among the rebes; thst a pity
| men who hi fought well should be lerl behind.
Ihis the tenor 81 the conversation untl they
rived al the hospital. subsequently General Martha
| dal, called O. 10 hear what said.
From the portions witness could hear
he riding along the General seemed make propo.
-ition tha; somebody something should nlih
wounded and not abandon them. The
! saton broken BY abrGPt rcply from General
ore ard the last witness heard Of The matter
from General Marndale. Ihs was the substance of the
| testimony General Ruterdci able q give upon The
charges against sartndas, specifying tia, proro ed
on The morning of July officers u ,hc Fifth
vsons Army corps lay down their and surrender
10 The enemy who had defeated were rcreatng
| from the United states Army.
l. The court was adjourned Monday next.
| G9SEEAL HALIEcK AND THE coSTElBAsDs.
The report Of the Tribune correspondence, as TO the
trouble IN General Heck touching the Feeding OF
an immense number OF ccntrabands, * Just what all
along engaged the attention Of o II is
New Orleans alone where " thousands OF slave
women children aud old sck maintained gov
e.nnent expense. The like Of things exists here
ard in other aud camps under ihc Jurisdiction os
the Cos crnmen II is stated that in the West they
| beng distributed among the farmers.
THE CAPTURE or THE REEEI. FORT ST. JOHNS
/ BLuFF, FLA.
Among the dispatches received NJ the Navy pepart.
mcnt 20 day from Commander Gordon, dated the
5 inst briefly giving accounts OF the attack upon
onr guhboas employed the blockade OF the ST. Johns
river and the combined attack BY tho naval force Of
Commander sieedman and the military, led by General
B,annan upon the 81, johns Bluff powerful battery
which was ecctuaiy scnced garrison put to nisht
\ and heavy guns and valuable army supplies falling into
our possession 1.-THE success = the despatch adls has
been without los side" We retain possession o.
\ IT, Johns river Tar as Jacksonville.
/ NAVAL ORDERS.
| Commander David Ammen has been ordered to the
command OF the rouclsd steamer Paspsco VII.
ningtou, Delaware.
| Acting Assistant surgeon W " Mylc. has been de-
tacnes from duty board The steamer Vanderbilt, ard
| ordered 10 the steamer state OF Georgia.
Actiny AQgixlant Surreon has been dc. I
taced from the State Georgia and ordered
the Vanderbilt.
! Lieutenant Commander Robert 4. n Lewis has been
detached ro4n the steamer lie Soto and ordered TO the