The New York herald., 1863-07-27


to hang hin to tree. From he was released
aud immediately South. WHERE berelt o( all his
property he was given position IN the Treasury Depart
ment Shortly after his arrival here, his wife sckened
and died, and now he himself has gone, leaving behind
him two orphan daughters. e@
The New Cotton Loan.
[Fr0m tho Richmond Sentinel
rsasSs o. ns Ss u na. hs
five millions OF the bonds authorized to issued by the
act Of April 30, 1858. This law has already been pub
is six per cent payable ia cotton q The Quality
New Orleans middling in con at the pleasure Of the
government the interest BE- paid in cotton the article M
delivered at one OF the leading ports New Orleans, 81
vannah, Charleston. Mobile, Wilmington, Richmond o.
sand dollars EACH and the payment them must
be in current Treasury notes. half OF which the
Secretary requires shall be Of issue subsequent to the LIST
We think that very brief review Of this loan will suf
fec 70 show Its superior value TO any other stock now In
the holder OF 81 900 bond viii receive go in his
interest per annu, which ID WORTH at present rates.
four hundred dollars q SSr TINS Is saa o
his bond. But, assume that the Secretary will decide
TO the interest In cotton we have no doubt that
its present value and the bidder will still receive very
largo profit upon his Investment. shall proceed 70
demonstrate The holder Of 81 soe bond q would 'nen
converting the interest Of $50 annum into cotton -
six pence sterling per pound Cotton s now worth forty
stipulates by its bond deliver it, These i've hundred
pounds OF cotton would thus be worth $500 IN
G. Confederate @ currency 50 tnas me % noSer r eans
At the lowest He would get " TOO N an aStce mich
to rise In value, and which, afer treaty Of peace
pound In COIN. His dividend would be expressed in .
coupon which he could 70 SELL reT at pleasure
he chose to draw his cotton he could sell M at advanc
inc rates or store n for speculation as he mat deem
best. - - 49, = - - ''-r =.
Comparing this stock with tho neen million loan II will
tSo IN na haInr gtYuau In
interest IL only eight ocn per annu. II cannot rise
higher But the stock offered will bring at the low
est have shown interest Of twenty per cent in
currency. The interest tho Afeen million loan paid
currency unless the holder can use the TO pay
q w s &c So ssuSa
win give anonterest to be paid In mode which absolute
~ axes IL vaue for II must DO paid at once n oon or In
cotton, price about one third 70 one fourth Of is pro
follows from The above that, bidder pays 81 900
in currency for his bond he win get twenty per cent In
teres be the price, he will still get an interest
OF more than six per ccntum on his Investment.
The principal OF these bonds 10 70 be repaid In coin,
although the purchase money is not now commanding
over one sixth OF the value OF coin.
THAI these bonds may 30 and probably used
London sells Tor ninety ono In con and We have heard
that the fifteen million loan has been hypothecatcd there
seventy cents in coin TO tho dollar We have doubt
this loan would range somewhere between these two
but sixty cents 70 the dollar IN CON- and
this sde For those and other reasons which we could
readily assign, hold that this stock ought to command
heavy prenaum and DO Preferred as on Investment, 70
sii other securities.
Female ypy-Mrs. Patterson Ailnn-Trca-
SON Confessed.
a from the Richmond Enquirer, July 20.1
fow days General hinchor placed IN posses
sion Of several letters written by Mrs Patterson Allan
Formerly resident Of this cty 70 persons IN the North
Ono Of these addressed TO sRev. Morgan Dx, the
father or General Dix Of the federal army The other TO
Mrs. Alans in Cincinnati In the inter letter she
says that General Stoneman Is whte goved General"
and dealt easily with the rcbes she says he should
have burned the residence and devastated the farm the
Secretary War; Hon. Jas A. Seddon. which in Gooch
land county. Mr. Allan removed his family from this
city her farm james River Canal near Cedar Pon
In Goochland county, in November last, where Mrs.
Allan has since resided making occasional visits how
In her lottor 10 Rev Mr.. DIX Mrs Allan gives the
names Of number OF rebel sympatnizers In the North,
that they DO arrested She speaks o.
the mission OF Dr. Hoge Of this city, 10 Europe, and
says that although the avowod pu pose was 10 procure
Bibles yet the object 10 influence tho English in
favor Of tho South She tells him whom Dr. Hoge will re-
nnemcnt during tho war. She gives list OF certain
locations, where guns should be placed on
Immediately on the receipt or the information guard
was sent the residence Of Dr. Hogc In this city, at
arrest her but finding that child Of Dr. Hoge lying
dead the house at the time, the lady ordered TO
consider herself under arrest and the matter was post
poued until the funeral ceremonies were over Mrs. AZ
Ian then taken before General Windcr, where she
MESSED 10 having written the letters, and instead or
being sent to Castle Thunder whore other emaes and
spies have been imprisoned, she was removed from Dr.
Ioge's TO the asylum of francis de Sales, on Brooke
avenue.
Mrs. Allan Is the daughter OF Or. Wilson physician OF
the Thopsonian school who kept botanical upon
Main street, In Cincinnati The mother ambitious
woman, and gavo her children finished educations. Hav
ing gotten together some little money the family went
European tour, and while in Italy Mr.. Allan met aud
married bis present wife. She Ia said be Of
terrible temper, and approaches tho nature OF vrago
In Dr. Hoges family sho had been treated with all kind.
ness deserves TO be branded tne prac
ticed by Philip Of Maccdon, "The ungrateful ruesLn
General Indignation expressed yesterday at tho
enency OF her treatment by the authorities, sho
problem found ready solution IN the suppositou that
her repued wealth shielded her; but II tho public will
suspend It's hasty Judgment for day or two Il will dis.
tirely proper under the circumstances OF tho ease
From the Richmond Examiner July cal
MRS. PATTERSON ALLAN.
Mary rnrolino Allan, the wife OF Patterson Allan who
arrested the charge Of reasonable
wish the enemy, n confined TO hor bed A. Ia HoS
sders Her bead has bBn and bl,ster an
Piled IL IL the Intention OF tho 10 have her
examined whenever she shall be pronounced vail
enough. rhat time may be lost hcr surgeon has An.
her condition The nTshot Of the business WIN probably
be the return of "Mrs. Patterson Allan, 10 her original
hogs In Cincinnati.
Commencement Of Manhmttam COLLEGE.
Tho annual commencement Of Manhattan College TOOK
piicc the 1ith 18th and l4,h nstants in ono the
spacious halls Of tho institution before q large and
Intelligent audience This s'exhibition, !" but a
thorough examination Of the students, In which ali
words, u display of machinery but an ilustra
OF the good work dono every learn