The New York herald., 1862-10-09
The Camp aign I'm the East.


The public have been entertained for days with
Fumors from quarters Of constantly impending
light beyond Winchester We think the rumor has
had any good foundation.
From the most information have been able
70 gather Mcclellan evinces no desire for another
ment with army. He certainly does not seek
When left Maryland he followed to the Potomac.
He shows disposition to follow US further His policy
TO contemplate nothing farther In that quarter
than TO hold the line Of the Potomac and the Baltimore
and Ohio Railroad.
McCleans Intended operations yet to be
developed On the Potomac he stands the defensive.
Some think he waits there to accumulate more troops be
fore attempting valley road along which Banks
Fremont successfully advanced and fed Others suppose
his quiescence the Potomac for the purpose OF hold
ing Lee there while an expedition is being fitted out TO
fail upon Richmond with sudden shock.
The Northern papers encourage the idea that an expe
don being prepared though they do not indicate the
point against which 10 Is 10 be directed An important
movement Is in contemplation, they toll their people,
and they encourage them TO expect handsome results.
Mcclellan, In our opinion, is sick OF Richmond So
ought Lincoln 10 be. by Manassas, grand
movement by the peninsula, movement by way Of the
proved So many failures disastrous dissraceral sars
Tne Yankees have sung their tune Of "0n 20 Richmond
by every road that leads 70 except one win they try that
nowS Having attempted from the west and north
and will they try the south side, Shall they IN their
extremity attempt road which in this day OF confidence
they consider neigble So long as they had choice OF
al the southsde way Of approach rejected and not
without good reason If they now attempt that 1t will
IA desperation and against Judgment. And We, i me
swsed expedition rhich Mcclellan Is nov supposed 10
.. 3 sas % *. sss s 1sS rs a. M 'ssi ss
Lincoln would pr, baby bo willing TO give his tS eyes
for Rchmond. Hut the cup Of his ana N, Ccans hum
liaton would seem 70 be already full, with the dis.
grace lew failure, which they would be certain to
reap as reward OF attempt capture this city.
For ourselves. We should not be at all surprised I
the epsmy looking 70 another quarter. TAsy
sp,sld pe os 10 sxten ts Of dsIt at Rich
m0wd
Asao our own army conjecture is equally vague con
corning Lees programme for the future has yet TO be
developed 0 the Of his present position and
Aude IL would yet be proper 70 speak because they
but TO trust our rsneraE This Is no. hard 10 do Be-
sides II his plans Transparent that could
through then, 70 could the enemy Let us watch and
wait.
The Financial Condition or the Rebels.
from the Richmond Examiner, Oct. 81
Congress has business It's hands present
when the public interest summons them TO light The
great subjects Of finance now before Con
grsss Tho intellect Of the body al low ebb II the
6il now pending shall be the only one proposed. A
device so sorry and alortve that Is hard.
~ nt 70 DO respectfully considered by intcli-
gent public mon. TIE du opos to require ercry citizen
70 give the government A Of his Gross income and 70
yeceive IN Acknowledgment eisit per binds Of he 90.
csrmen This Is neither tax nor free loan but en-
oraccs the worst Of bo th OF all loans those at
eight per cent are the all taxes twenty Ger cent
gross income ie tho most oppress i've
Some Incomes are all profit S,me incomes DO not af.
and renvested Ia few months Ia other cases II is
permanent investment, and only It's net profits are
N
capital and profits, In the ohei case tax on profits
Alone tax gross annual receipt viii impose bur-
then ten times heavy pei sons as m borne by
others employing just ms much capital.
This project s forced loan, and the, man Is as shallow
the dupes for whom he seeks r. he expects IL 10
DO regarded otherwise. Congress rrikes a hsorcr
how at our credit than tie public enemy, when
10 thus puts upon the statute boob this cleo
tive publication that faith In credit IA gone Money
abounds, seeking investment 10 public urities vr
ginia six cent stocks at PARA ps int 10 which
they have not attained for years rh Carolina
six per stocks twelve fifteen per cent above
par Money abounds, seeking Investments in ,socks be-
cause present can lnd safe iuvestmen In large
business enterprises In the midst Of this re iundancy
Congress proposes an enactment which declares want Of
confidence IN onoderate stocks, and thereby In, tably
occasions thewnnt Of confidence whish exists only In the
Imagination of the mId minds that purpose this range
scheme OF finance. Force Confederate eight per cont
bonds on those who only take them because law
uels H. and you throw upon the once he ride
az boEdhoders looking for purchasers OF what they I'D
only because the law has forced IL upon them How oa
the governments 60 with It's sx per cens into marse
vhich IL will have already filed with eager and
src,tcd salesmen Of lts own eight per ccnsf When
ona class Of the holders OF public securities are
thus In tho market looking for purchasers highest
~rsda of confederate securities what be tho effect
pon tboae who hold the lower class OF those securities
The cve,nmcut has committed financial bIundors
enough 10 min ne credit II the confidence Of the public
wsseno 10 won supported ASH Vs. This journal urged,