The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-03-26

WAsHIxGIoH March rs, 1888.
TIE DECLINE IN THE PRICE or GOLD.


TIE DECLINE In THE PRICE or GOLD.
The rapid decline In gold Is regarded here q vcri6oa.
ton q tho prediction made In this correspondence i'm.
medntey after the publication the new finance laws
vndaion of the ssgacity Of the Secretary OF the
Treasury in his financial scheme. These some who
argue that gtis I'll necessarily rise again, beyond
tho hlghou. al0a TO which w. hitherto attained unless
some arfaniement can be by which cotton may be
sniNa ~ meet maturing bills abroad. But the more
prevalent opinion is that gold will now remain at rea-
so4eole premium justified by existing circumstances and
that the pshibtory laws recently passed will check
Speculation 10 it, while the assurance that the govern
mont will be amply able TO promptly all its obga-
tehs viii remove any approximations that may have been
enteared as 70 tho security Of government bonds or
currency.
IMPENDING BATTLE IN VIRGINIA.
From Information received It evident that the rebels
are ndustrcusy foelns tho lines Of the Army Of
the Potomac. Their indicate their apprehen.
sion Of an attack upon their army fent to cover its
retreat from It's present position.
Although little mention has been made OF the balloon
corps In connection with the Army OF the Potomac Pro
lessor Lowe Ia still constantly and actively employed in
making asconsons and Reconnaissance Of the enemy's
forces and positions BY recent arrangement he is able
TO tow his balloons along at high altitude
Connoitre the enemys position for miles. Recently the
balloon WAS towed distance Of miles while at
height OF fifteen hundred feet In the air much valu
sbe Information obtained Professor Lowe Is In
this CITY, under examination before the Committee the
Conduct Of the War regard TO his operations during the
peninsular campaign.
PROBABLE ABANDONMENT OF RICHMOND BIZ THE
REBELS.
Private advices by way OF Baltimore confirm the infor
nation that the rebels preparing to abandon Rich
mondat least, that they moving their public work.
md IN
rior Or Rebellion.
CHATTANOOGA THE LAST GRAND RALLYING POINT
or THE ENEAY.
is stated by prominent secessonsts who are usually
well posted In such matters, that the rebel leaders
are preparing to concentrate their whole available force
In the vicinity Of Chattanooga, there to mako the last
grand effort OF the rebellion
TIE RECENT FIGHT AT PORT HUDSON.
The Information by way Of Cairo in reference to tho
passage Of the batteries OF Port Hudson by only tho
Hartford, is received here with much doubt is
rectness. It is believed that II the rebels could claim
anything like victory their papers would have been
ablaze with the report Of Il. Their almost unbroken
isccc upon the subject regarded favorable indca
ton for he Union forces.
PRIVATE 66yDIERS REWARDED FOR MKRIT0RIOUs
SERVICE.
About eleven months ago eighteen privates belonging
TO Ohio regiments were detailed By the late General
Mitchell for special duty, and accordingly penetrated
Georgia the destruction OF railroads and otherwise 70
damage the enemy but the rebels captured them, hung
and confined the remainder in dungeons treating
them felons. On Monday six Of the number arrived
In Washington, having boon sent 70 Fortress Monroe
under dag Of truce. The others It supposed escapedom
prison To-day, by request the returned soldiers had
interesting interview with Judge Advocate General Bolt,
and also with the Secretary Of War In the presence Of
number Of army ocsrs. The Secretary presented each
Of them medal such authorized by the late Con-
gress for merorous conduct these being the first be.
stowa Of that character. He In addition gave each
$780, ordered the payment or their arrearages and
equivalent to that taken from them by the rebels He
has requested Governor Tod to appoint these lieu
tenants In the volunteer service In the Of his
doing this they will be breveted iieutenants in the
regular service They afterwards had interview with
the President at the Executive mansion -
THE PRESIDENT At THE THEATRE.
Mr.. Lincoln found relaxation from the Of state
tonight by q visit to Growers theatre, to witness the
play or Hamet." II Is rarely that tho President appears
In places Of public amusement.
THE EMANCIPATION PROCLAMATION.
Southern gentleman called upon the President today
to ask the recall Of tho emancipation proclamation The
request was declined.
Tnx KENTUCKY CONGRESSIONAL DELEGATION.
Mr. Guthrie has stated here that the mopbers Of Con.
gess to be elected from kentucky VIII be unconditional
Union men, but not one Of them an abolitisnist
DEATH OF Mr.. n. A. BURR.
H. A. Burr, Topogapher OF the Post Office Department,
died to-day. His services have been particularly vau.
able Of late in furnishing maps to our generals.
JUDGE PBrrrGREws POSITION.
As the Evening Poa has stated that Judge Pettgrew
opposed the rebellion down 10 late day 1t may be stated
matter Of fact well known here that he went over TO
the rebels after the issue Of the Presidents proclamation
A NEW DESCRIPTION OF ORDNANCE.
James 7. Ames Of Chicopee, Mass has received con-
tract furnish two guns to the Navy Department which
shall DO made Of composition Of metal OF his inven.
tion. has borne explosive force OF 900 pounds
the square inch.
REPORT OF THE COMMITTEE ON TIE CONDUCT OF TUE
The Committee on the Conduct OF the War have
cuded TO prepare report TO accompany the publication
Of the testimony Immediately upon the return Of Senator
Wade to Washington. The evidence will not be ready for
the printer for ten days.
THE NAVY.
". J. Keeer, Esq, Of New York, has been appointed
Constructing Engineer Of the Navy Yard here.
Mr. sanger has been transferred to the Navy Depart
ment.
OUR INDIAN VISITORS.
The Indian chcfsof the roaming tribes about New Mex
and pixies Peak had interview to-day with Secretary
USher He described to em the extent Of power Of this
country and said that the government DESTROYS Of
living in terms OF pcace with the red The chiefs
replied in substance that their hunting grounds, game
and gold had taken away from them BY the whites,
and they wanted presents compensate for the damages
One chief expressed surprise that the Great Father
present. He would only say that he wanted to
return to the tribes 10 carriages drawn By horses, In
order show that he had been TO great chief He
wanted to be overwhelmed with presents, go thar he
might SHINE like looking glass
CAPTURE OF PRIZES.
Tho Navy Department has advices OF the capture OF the
schooner Charm at the mouth Of Indian Bver Inlet
the Esd ut by boat expedition from the United States
steamer Sycamore. She bound for Nassau, N. r.,
with load OF cotton.
Also Of tho capture Of tho Spanish sloop Reampago,
Charlotte Harbor Florida, on the sd inst the United
states schooner James Chambers Her cargo consisted
Of ccfee, liquors, Shoes &C. She was sent TO Key West
FOR adjudication. On the succeeding day the Chambers