New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-08-06
Ruying Cotton-GoId and Treasury Notes
Prohibited 49, Telegraph Abandoned -
GucrriIIn.-vicksbarg Pro-Peen-The
Late Rcversc- TO the Eioiiiin-Binmc
Sonev here cncraI Prospects in the
West a Comn,nndcr-in-thicf and n
New Policy Empernti,eiy Demanded.

rgou. Our SPECIAL Cone poneent
Mrxrrfs Tenn. wednesday. July 20 i2el
Gen Sherman has issned the following orders 20 the
Ounrtcr-nasicr's Department:
Fp,iTo pc nj, money gold. silver or Treasury notes
TO pas he hands n -eceionisi, CT Union meE for cot
S,c.o esi al cotton ,hs nsy be rrrchA,ed .rer III,
date congn the hoIh of 'ac tho proceeds TO be
TATs-Any chant or sdcf Disturbing money for The
,hove ned ar,ce acr being inform "a Of this Older vii
arrested md lFed by tho Military Iommsion for aiding
foa,ECl-n. may procure cotton Hhsy get Il by g!yns
,yo,. - nav or II AZ the I'd II tue var OK n he pra.
ore Of the Government thoy deposit the value 81 A.
with the CsfefsseT to be held 10 trust lot the benefit u
the Own,r.
Gen Sherman's theory IL, tha, TO pay gold or
Treasury notes. is simply supplying the Rebels with
funds 70 carry on the war; The order permits the
use Of Tennessee and other Southern paper, which
ranges at from 81 to % PER cent below gold. il
will amply increase the value of Southern bank
notes and din ush tie quantity Of cotton obtained.
An agent Of the Treasury Department has gone 10
Helena to establish Board Of Trade and make ar
rsnp~mcuts for the TeoYening OF commerce. Gen.
Sherman order cannot apply there, onttide OF his
district. Would il not be well for the Treasury De-
rartmeDt 10 make some general regulation, applca-
bic 10 all conquered territory instead OF leaving
each district commander 10 legislae upon the deli.
Gaze and important interest, OF commerce
The Telegraph Office here ~ closed, and the ope-
raiors have gone TO St. Louis. Gen. Sherman did
tcleguillc COMMUNICATION OF slliNcni I'M
pcrt4nce 10 send out cavalry force aud project the
line though the manager Of the telegraph believed
TWO conn anicB wouli sufficient. Therefore, our
ouly Communication with COrnth 81. Louis, and
Washington, il VIA the rver TO Columbus ana Cairo
Halle al any time 10 be distracted by gucriIllns.
There are rumOrs to-day OF large Rebel force
pas,ing up north TO plant batteries az Fort Pillow
Oh come other river point. AS long "a the great gap
in ouf Inc between Memphis and Grand Junciio1 Is
len open there il nothing shateyer 10 prevent tbs
and if Memphis s not faDked u will be attributable
only to the emmy lack Of enterprise.
IL j. be- Icycd that the iloilla Will be Withdrawn
entirely from the vicinity OF Nichsburg, and r-tarn
10 Memphis 1 am assured, however, on high au-
tLonty that movements sre on foot Tor dislodging
the enemy AT Nicksburg and opening the uyer
through 10 New-Oil,lns al 10 distant DAY. II chs
IL done II will give Us ray Of ounshne.
Praise plcashntcr than cesuie; bit 10 II best 10
tell he plain truth, regardless OF either Matters
do not look well in the West. The skies gloomy
do no, know where the blame lcs, but the fact ID
unmistakaLle tia since Commodore Foote gave mp
the command our gallant navy - losing s lrestige
Permitting the Rebels 10 CONF lete the Arkanras, up
the Yazoo, at their leisure and aterward allowing
hor 10 come oat 10 surlrltc our guu-boats, finding
item without steam up, and TO run safely under
cover of the NicksDurg batteries, was wretchcd
bueiness. Ii there are blunders worse than crimes
thIs was one OF them. FROM all accounts, tie re-
cent failure the gunboats 10 cooperate with the
ram Queen OF the West III her daring aud gallant
attempt to destroy tic AfkhsHs DclOhbb III INC haN'
category. 49,
Commodore Davis il patriotic and accomplished
gent enen, and ms hands may be 80 tied WIN red
tape IN to destroy his efficiency. His failure TO OBJ
tain land force TO cooperate with bin in attacking
Vicksburg, after his earnest and repeated hpphca
tons for it, was doubtess embarrassing and dsheart
ching. But these two occurrences with the Arkan-
sas are disastrous, and to the public irexpcabe. Ii
i. due 10 bis own reputation and the fame OF our
Western navy, that tho cause OF them should be
made known and the responsibility placed wherever
it belongs. ,.,,
One sling ia certain Since the battle Of Shiloh,
we are falling back into the Old slough OF inactivity
and despond. We are suffering, dying by inches,io
want of concert, vgor and dash. IL rs Of supreme
importaAec that some Generdt should be placed ~
ciGrge Of the Western Department rho piH tntHse
new iife into ,t--who will move upon the enemy
works-wLo will defeat, drive out and destroy.
We have ample material, both on river aud land
enough men, enough armament, enough munitions;
we lack nothing whatever except one controlling
head.
viii the Government give US q general and one
adapted 10 the field In Virginia when the Rebels
concentrate the flower Of their army, for life OF
death uggle--ex,rsme caution, tie aDPest pre-