Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1863-02-19
Especial Correspondence Of the Chicago Times
" ,Sui<crnx Februarv ID

Especial Core spondence Of the Chicago Times.
Washington. February IL
Some intelligence OF IA very singular nature
has been received here from New Orleans. 1t
turns out. ust a might have been expected. that
the great Banks EXPEDITION. instead OF being one
part of great and harmonious design, WAS moth
ng more than separate and detached affair
having relation whatever to any general plan
OF campaign, and got up at the InStigatiOn oi the
frienus OF General Banks aud soely IA oruer To
give Banks an independent command" which
the President had promised him long go Bank
had sense enough To remember this rncautious
promise of the President; and, when he thou. Int
the fullness of time had come he got his friends
10 urge the matter upon the President The re
suit wa>. the great Banks expedition. which Stan
ton said was 10 land in good place. As
the expedition has ACCOMPLISHED nothing, and 20
accomplish nothing. II Is To be inferred that THIS
declaration of Stanton's as true rs some OF
HE other statements In order 10 form the
= petition, the very troops which, 1t sent up The
James river, would have not only aveited the
disaster AZ Fredericks burg out which won Il ha, e
almost certainly rendered the capture OF Rich
mond an easy task for Barnside-these very
troops. | say. were thrown away by being sent to
New Orleans
When their destination was known. il WAS still
hoped that the Banks expedition constituted IA
part of the force destined TO open the ,ssissppl
river. But this hope. too. has now pro, el delu
sive. The Intelligence To which | allude state,
that the force- under Banks command are melt
ing away 50 rapidly that. unless they are strongly
reinforced there will soon be left to tell the
taie OF their exploits. The two great causes oil
DEF letion in the army is sickness and de>ertion
Tie latter Is Occa>lOned Oy the prevalence Ui the
former. ard desire To avoid il: and the former
i accustomed by the exposure of unacclImated
persons. Another cause of the numerous de>er
items l. said Il be the iepugnance OF the white
officers and soldiers 10 serve with the negro resi
ments which Banks has taken into MS army
These causes have reduced Banks forces to 10
QUO men, anu, OF course, with that number he
can DO nothing. IL i understood that he ha>
sent pressing requests To the Government here
for immediate and strong reln.orcementS. anu
this J. quite probable a. il i well known that II
would be folly tor him IL attack the enemy with
bis army in sucn -tate OF decentralization You
will hot be giving any inform .tion u the enemv
IN publishing this, a they know far more about
the real condition Of Banks army than we DO
here.
The friends of the Union here are satisfied of
the good that must result from the meeting of
Commissioner from the Legislatures OF Illinois,
NeN York. New Jersey. Indiana. keEtuck. ,
pennsylvania and Ohio, which will probably take
place in March next
There i very large number of fuanciers
mere NJ the present tine from New York and
fhiladeiphia. who endeavorin- To DO some
thing to avert the crash OF monetar, affairs.
winch : sure TO come sooner or later. and which
may be preciptated any moment q. the i'm
prudent acton oil Congress The most sasacous
hnanciers have long iOre>eeu that the action Of
Congress =" delugiHg the country with paper
m'ney having no basis OF value whatev err could
not fail 70 result IN Ultimate ruin The reck les
policy OF the Administration. IN issuing green.
backs nv the ton. Is nov beginning To produce
tie effects which every man couversant with
financial Affairs anticipated from the first. The
country is flooded With this worthless trash. which