, 1863-12-29
Correspondence n. T. Tdb1ne.1
WsitTT<arf,r Tar sb.3 II

WAsMS0ToN+ Dec =, 1868.
4 member Of The Virginia Legislature is
shortly to Introduce before that body pro-
tosition which canEot faal to create selsa-
ton all over the South. lie proposes that
the State of Virginia shall pass law grant
ing the right Of property to men Of color
held In O state Of bondage, and making that
property reversible to their children, who, In
consequence Of that law, shall not be here
after liable to be sold or separated violently
understand, accompanied By q very long
string Of considerations, tending TO show
TINT the negro slave Is and will be forever un-
TT for freedom until he is instructed in the
knowledge Of the rights and duties belonging
to freemtn, and resting upon two sentiments
in all civilized communities, It is declared,
have preceded emancipation.
The Rebel Committee on Finances is now
preparing series Of propositions for the
complete overthrow and reconstruction of
tie financial system Of the South. These
propositions are, understand, to be divided
under three heads each, having distinct and
separate object.
Tue first proposition is essentially dcstruc-
tive. It cancels By \ single stroke of the pen
s.CO, O,Cc0, eco Of the Confederate currency, OBJ
iterates the past, and clears the .say for new
policy. In other terms, tho Committee pro-
poses to convert the present debt into bonds,
bearing interest ut G per cent, payable in le-
gal-tender notes, and to force their acceptance
by refusing to take the actnal currency. By
this means the 500, COX, GOO now due will be
driven from circulation. and the Confederate
Government will repudiatc tie present debt,
and be as ready to contract q new one as it
was three years ago when the war COM
menced.
This subject being disposed Of, the Com
mittee proposes to create another loan Of TOO
millions Of dollars, Represented By legal
rI,yr nh fE ff f1I- I'm
Of the currency now in circulation.
But in order to avoid the depreciation Of
this new Issue and for the better preservation
Of the public credit, the Committee proposes
the establishment Of q sinking fund, to be
created by special tax, which shall be ap-
quantity Of the aforesaid issue.
The taxes will be of TWO kinds: tax upon
real, another upon personal property. The
tax upon real property will be Of $ per cent;
the other will be graduated according to the
utility Of the articles taxed. Articles Of lux
&c, will be taxed higher than agricultural
and manufacturing Implements, : -
The Committee proposes that everybody,
without exception, shall be taxed. Those
who are nnnbiee to pay their tax In money,
will he allowed to pay 1t in produce.
sumes the right Of taking half Of the crop Of
the Confederate farmer, against which he will
give certificate Of Indebtedness, payable
every six months in 1egal-tendcT currency ut
the Treasury Department in Richmond.
The ARMSTRONG Grx.-The Edfnburg Scots
naat publishes letter from IN officer Of the
British squadron in Japan, who says the late
action at Kagosimn proved the uselessness Of
Armstrong guns at short range. Many of
them burst, from 4 peculiar cause arising
| from fhn efnrif3ifr nf Hrfffah ea31nra untnely{
ton board the flagship, or any ship, the
cannon balls are scrubbed and cleaned every
| Saturday. Well, the Armstrong shot arc COW
| cred with q lead coating all lined, In order to
| lit into the grooves with which the Interior
of the gun Is fitted. Jack Is told to clean
| Armstrong shot and shell and seeing these
| Lines scrapcs them down lcyeL When they
are rammed Lomc.the grooves don't tit the
| bsl1, and the consequence il, on account Of
| wiEdngc, the bau drops ont at the muzzlo in
| to the water, or else sends the vent piece fly
| ing in q hundred bits"
E- The 1alest cinriosty that has turn up in
I.ouisvilic is negro Of strong rebul prociiyi-
| Tics. He Vas arrested on Friday for hurrah-
| ing for JEFF Davis On tho streets. He asserts
! boldly that he is IN ardcnt admirar of JEFF.
| Davis ard the rebel cause. He wns consigned
| to the military prison, and will bo properly
disposed Of III few days.
| eJ-A 4 letter from Morris Island since tho
For the pest twcnty-four hours these
less rebel dead, some Of them In boxes, but
mostly nncof1ired. They were washed out
from the beach near forts P1tnam and Strong
formerly Gregg and Wagner.) Skulls, arms,
and entire skeletons bo6bed around on the
beach, literal "dance Of death"