The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1863-01-23

Army and Navy to be Paid Forth
with.
The Alabama Of the Coast of Cuba.
The Lasest Foreign Intelligence.
More Intercepted Rebel Letters.
Congressional Proceedings &c, &c.
WAsHINGToS, Jan. 19.--Another bud
get Of rebel letters has been intercepted.
They were taken from Major Sanders,
when he was captured off Charleston.
Some Of them are dated as far back as
December, 1861. The information con-
tanned in these papers affords an interes-
ting inside View of the rebellion relative
20 domestic troubles and wants. One of
the letters is addressed TO distinguished
member Of the family of Louis Napoleon,
While thanking the Emperor for his eff
forts to induce the great powers 20
interfere in our affairs, it urges the con-
tinuance Of this kind offices, with the
assurance of the writer that they will be
successful in the end.
The Joint resolution authorizing the
issue of $100000,0 United States notes
became law to-day, and upon learning
the fact the Secretary of the Treasury
Immediately placed TO the credit of the
several paymasters an aggregate amount
sufficient TO pay the whole army and
navy Fifty three paymasteEs have been
supplied with sums from $4,000 TO
$4,000. This last amount was sent to
Charles j. Larned, Louisville, Ky, and
$4,000 to N. w. Brown, st. Louis
$670,OOO TO San Francisco; $250,O0O to
st. Paul; 100000 to ST. Paul, and the
remainder was furnished to paymasters
present. There was also paid to the
navy S386,000.
The agents of paper dealers and man
ufacturers have been busy attempting to
influence the action of Congress against
the reduction of duty on paper. Nothing
has yet transpired to encourage their
hopes. The embarrassments TO publish
ers resulting from the imposition and ex-
horbitant prices are appreciated by many
influential members of Congress, who
will not fail at the proper time to urge
such relief as will secure the ends of JUS
tice and honesty. The reports which
have reached here that paper dealers and
manufacturers are waiting for the aG-
journment of Congress to increase their
prices above the present figures are be-
lieved TO be true, in view of the present
condition of the paper market.
A special to the Post says The Ways
and Means Committee has been in ses-
sion all the morning, but has not agreed
to any arrangement with Mr.. Chase
1t is stated on the authority of Gen.
Spinner, OF the United States Treasury
Department, that the books in bis Office
show the amount of old demand notes
absorbed now average 100000 per day.
The Presidents message, accompany
ing his approval of the 100000 1000
treasury note bill, was referred TO the
Finance Committee. Pending the motion
to refer it TO a select committee of five
members of the House and four of the
Senate
WASHINGTON, j an. 10.
10 tho Senate and House Of Representatives !:
have signed the joint resolution to
provide for the immediate payment of
the army and navy of the United States.
passed by the House on the 18th and the
Senate on the 18th. The joint resolution
is u simple authority, amounting, how
ever, under The existing circumstances,
to a direction to the Secretary of the
Treasury 10 make en- additional issue of
500, 000, 900 in United States notes, if
so much money is needed for the pay
ment of the army and navy. My APP
prOVal is given i'll order that every proper
facility may be afforded for the prompt
discharge Of all arrears of pay due eur
soldiers and sailors. While giving this
approval, however, think it my duty to
express my sincere regret that il has
been found necessary to authorize so
large an additional issue of United
States notes when this circulation aud
that Of the suspended banks together
have become already so redundant as to
increase prices beyond real value, thereby
augmenting the cost of living TO the in
jury of labor, aud the cost Of supplies
to the injury of the whole country.
II seems very plain that the continued
issue Of United States notes without any
check to the issue Of suspended banks
aud without adequate provision for the
raising Of money by loans, and i0rfund-
ing the issues 80 as TO keep them within
due limit, must s0oa produce disastrous
consequences, and this matter appears to
me 80 important that feel bound to avail
myself OF this occasion to ask the spe-
cial attention Of Congress TO it, That
Congress has the power to regulate the
currency of the country can hardly adj
init OF doubt and that judioious measures
10 prevent the deterioration of his cur
renoy by a reasonable taxation of bank
circulation or otherwise is needed seems
equally clear, Independently Of this
general consideration, it would be unjust
20 the people at large to exempt banks
enjoy ing the special privilege OF circula-
I itou from, tkeir mat ppnpnFfian nf Tho