Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1863-09-12
Special Correspondence Of the Chicago Times.
" AsHINGroy. Sent

Special Correspondence OF the Chicago Times.
WASHINGTON. Sept. T.
The events Of the last twelve DAYS have de
mnnstratei the correctness OF the explanation
con 'aiued in nv letter OF August 90 in regard to
the re ,son Of the greet falling of IA the amount
OF the sales of five twenties 3" That falling off
continues and the Administration. instesd of
frankly admitting the fact. j. Masking itself ridic
ulous nv authorizing the mpst ab-Rrd excuses for
the rnwillinkuess of the people to he further
gulled in that direction. IL i now grsvelv stated
that the reason FIR the continued falling of in the
9 lies i owing 10 the bad execution OF the engra
wing Of the plates on which the bonds are printed!
The reliability OF this excuse Is at once disposed
Of BY the fact that the very best engraving talent
NJ the very highest remuneration j. engaged on
the work of engraving these bonds; and If, with
these advantages, the very perfection of engra
wing ia not reached. il cannot be reached ~ all
The falling of ia the sale of thee bonds, how
ever, has crippled the Administration that
some new device 10 rti'e money instantly has
become absolutely necessary: and, accordingly.
the Secretary of the Treasury now appears IN the
m irket for new loan of iitv million Of dollars
which he is endeavoring to raise from the banks
OF the east TN cities The preliminary negOtia
ton for this loan has already created n panic in
the money market and rise in gold. The banks
have not vet taken the loan. They require Of
tons 10 secure themselves, which, it il said, the
Secretary of the Treasury cannot grant
All hopes for speedy peace-all hopes OF
even an approximately successful termination OF
the wtr-all hopes OF a reconstruction of the
Union under the present or any subsequent Re
publican administr, iiOn--have been dashed TO
the ground by the Presidents recent letter. In
that letter the country - authoritativev informed
by the Comm ndei-n Chief of the army aud
hat all tlp yiefnri.a hicb have ,laI
our armies barren of any results whatever;
thatthe battle OF Gettysburg inflicted no material
damage on Gen Lees army; that the capture of
Vcksbnrg and Port Hmi-On do not bring the end
OF the war any nearer that the rebels aS proud
and naughty and deh ant now ~ ever before: that
the strength OF their army il unbroken; that their
army dominates every where and every thing; that
we must not be- sanguiue of speedy triumph;
that there il no reason believe that the rebels
desire pence. because they are confident of their
ability to carry ON the war successfully: that the
negro, the negro. THE NEGRO, IL the great object
OF the war; that The emancipation proclamation
and the contscttion bill shall be enforced; that
his promise TO the negroes, contained in the
emancipation proclamation. must he kept, even
although the solemn promise of the Administra
ton. THAT the condition Of every human being
in the South, after the war; shall he the same as
before the war. is per6diousy violated and that
i've 0pu'NfFU .SihttS ttHlI never Ue feaUfnitfel
into the Union unless they abolish slavery Such.
stripped of It's yerbage. is the pith and substance
Of Mr. Lncoln's letter And whats prospect
TINT letter opens mp TO the American peupcl
War. interminabe, bloody war. M long ms the
Republicans can control the action of the Gov
ernment.
The argument in the Presidents letter il such
that school boy twelve years old ought TO be
ashamed of He SAYS his fellow citizens desire
eli.
desire peace in ordcr that reunion NAV follow.
aud in order that the union mty be restored He
knows that he could have peace-peace followed
by mmetiite reunion, IL he would retrace his
erring steps, feract his unconstitutional acts and
show himself Ia be the President of the whole
United States But, So far from doing that he
expresses his deliberate determination To extsper-
ate the Southern people beyond all hope OF recon
cllation. TO conhscate their property and estates
To- libcrate their slaves. To subsst his armies upon
them, and TO treat them. In al respects, not ms
fellow citizens but as the inh,bitaats OF con
quered aud subjugnted provinces. with no rights
except such NJ their conquerOrs choose TO vouch
safe to grant them. The publication of this let
ter. which may well be branded as atr0cious, can
have but one effect nt the South. IL will unite
together as one man. by still stronger bonds
every citizen Of the South, In opposition to an
Administration which thus deliberately proc,ms
its determination 20 rob and en~lave them The
assertion. several times repeated In the letter.
thtt this wsr Il for the Union. i a hdeous iesr,
~ which NJ Lincoln might have laughed. but
which will make every INTELLIGENT aud honest man
shuider The Union will hardly he restored by
such act. ne the Smelling of the churches in Chat
tanonga during divine service on SUNDAY; the
hom ardment ani pillnee OF Frederick sburg: the
atrocities of Milro,. Schenck and Turchn, aud
the murder OF the Beckhim family on Island No
10 Nowonder that gold rose and railroad stocks
Tell on the appearance OF the letter
Charleston il not vet taken On the Goth oi
August. all OF Gen Gilm res batteries, twelve
In number. opened upon Fort Sumter, and BON.
b,rded that work, with NIL their guns. from the
rising 10 the setting sun When YOUR readers
peruse the detailed account OF this furious bonn
bardment OF August 81, wish them 10 remem
her that IL took place week alter Fort Sumter"
had been reduced" week after the oliciil
notification had been made that 1.-THE aeir did
flag now waves over both Fort Sumter and Fort
Wagner" week after Gen Gilmore's Chief OF
Ordnance hid officially reported 10 him that nm,
further Ere on Fort Sumter would only be waste
of ammunition, because. ~ a tortifcation. Fort
Sumter existed no longer: n week after cuts rep
resenting the shapeless ruins of Fort Sumter had
been published IN the eastern plpers What cnuld
have happened in The uterval7 Could the rebel
have rebuilt Fort Sum er In aWe-kl Before this
qh'eto " hnrWtFei, let me Ask u lew more.
WHY Is II that during that week the naval
force "a Charleston had not p,s .cd the ruins al
sumter md stile m the harbOr. so ms 20 protect
or cooperate with the land force in making the
grand attack 1t would seem That the defnnct
fort guards the harbor as we'll after IL ia knock ed
to pieces as when u mounted it, l50 formidable
guns; Tor. certan IL Ia. the naval forces there have
not ventured To- p,ss H. Why notI The answer
NAV lie found IN some OF INV recent letters IL J.
y pertinent question. however. how msLv times
must old Sumter he "reiuced" before the dear
old iag can really be planted upon ~
You will remember thlt in one NJ my letters
more than year ngo. ! expressed the opinion
that Gsrrib,ld WIS ~ great humbug ~ Ere
mont His recent letter 10 Mr. Lincoln, IN
which he blasphem ,usly couples the names OF
the 'viour and John Brown. prov-s that opinion
To- have been we'll founded. Yet this il the ~
10 whom. ~ can be proved. Mr Lincoln offered
the supreme command Of our armies
The Government" Is mortified beyond meas
ure No the failure everywhere nf the practical
working Of the CONSUMPTION Nowhere does IL
produce soldiers Even where il j. enforced be
the presence of armies IL produces only subst
tuies and exemption money. In regard 90 the
substitutes, YOU know, aud your readers know
what KIND OF soldiers they make And every
couscripi and substitute. delivered IN camp. cost
the Government over thousand dollars One
half the money that IL costs 10 enforce the con
scrirtion would have nut in the field. before now
80 600 volunteers all veteran soldiers, and all
with their hearts IN the work The plan pursued
by the Ohio regiments, If sending home six Off
I a "A