Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-01-15

! pian OF genera. pAcincaaon, S now much
! discussed
/ But the time for Peace Congresses is
past. So long as the States we're compO-
uea, parts OF the same Coniederaey, 1t was
| 0D.h lawful and proper, ,ha! the represent.
a,iyss OF their soyere,g guIies should confer
upOa and discuss questions aud Affairs
affecting them all Nothing IN the Consu.
tuition forbade such a conference, or de-
prved Us recommendations OF respect.
ability and authority. But such a
convention is impossible now. It is pre-
d.cated upon the idea that the late Union
still exists; that the Southern CoHtrderacy
does uoI exist; that the men OF Virginia,
the CAroInas, Georgia, kc., are the fellow.
citizens oi tue msa ighabt;iuG Massaebu.
sets New York aud Pennsylvania To ad-
! init the possibility OF such convention
tx norcs the legitimate iusc!ion OF the Goa
frdeEate Government. The States Of the
Coniedefacy have delegated their authority
over foreign Affairs to a common Executive
and Legislature. They canuoi now IRSe a
single step ia any dealing with foreign ma.
tiuus without! violating the solemn compact
by which they created that government.
The States OF the Union are in precisely
the same attitude towards tue Government
Of the Union, Tbey have no authority Or
power 70 treat with the Southern Sta,cs,
or any other foreign States Such acts are
distinctly the province Of the Federal Gov
ernmeni alone No arrangement Of ma.
lioual character, no treaty or preparation
for treaty OF peace, between the two
countries now at war, is possible or lawful,
except such AS may Le made by the rtesi.
dent and Senate OF the Confederate States
and the President aud Senate Of the Uni.
ted States.
The people of the North who wish to
see the eud OF these hostiiities and trou-
bIes, must, first OF all, agree 10 a recogni.
ton of the Confederate Government
Without that, the war must so on forever.
Even an armislco supposcs such recogn-
tion. Northern speculation upon a general
convention OF States is, therefore, mere
moOushiae, so long as the South remains
unconqucred II the armies Of the United
States were to succeed in driving the per.
sous composing the Confederate Govern.
ment entirely beyond their territory. aud
destroy all hope in the people of the
restoration Of the Confederate authority,
general convention Of the two nations,
without regard TO the constituted authors
ties Of either, free TO form any new rcla.
tons which they thought fit, might then
become matter for consideration with the
individual Inhabitants OF the land At pre-
sent, the projects Of this convention may
be noticed only as symptom Of a strong
desire for peace among the Northern peo-
pie, Nothing will come out Of it ior some
lime. So long ns the present Executive
aud Congress remain In office, their discre.
tion has no check. They are committed TO
the continuation Of the war 10 the last ex.
trsmity. Passion and Interest both bind
them to it, They will undoubtedly prose.
cute the war until new members Of Con-
gress take their seats next year, unless the
vast army they have collected for their
desperate undertaking succeeds in over
powering the South, or is itself destroyed
before that period arrives.
FRoM BAsT TENNESSEE.
We have private Rdvces from Bristol up
to the lst inst. On that day the firing Of
cannon was distinctly heard in the dirGc.
ton Of Moccasin Gap, point in Russell
county, Virginia, towards which the Yam
KEGS reireatCd after the raid upon the Vir-
cinia and Tennessee Railroad General
Marshall, with three thousand men, iHlan-
try, cavalry and artillery, was known TO be
10 pursuit OF the enemy, and itwns thought
would overtake them in the vicinity Of
Moccasu. The Yankee force, both men
and horses were in terribly jaded condi.
ton aud would il was thought prove an
easy prey to General MarshAIPs fresh
troops
The damages to the bridges on the rail-
road is no, nepf as serious as was at first
supposed. Their destruction was so far
from thorough ,hN. great part Of the
heavy timbers Of which they were built
can be used in their reconstruction.
A gentleman who was in Union when the
Yankees visited that place, after their per-
fornauces on the raiIrOad, says they were
verv civil in their intercourse with the peo.
ple md interfered with no private property
except horses, which they took wherever
they could fnd them, leaving their own
broken down beasts in exchange. They
were well supplied with counterfeit Con.
federate notes, with which they offered to
pay TOR everything they wanted, and mani.
tested great desire to buy watches. Some
Of the unsophsticaied citizens Of Union
we're imposed upon with the bogus cur
rency,
The result Of General Mqrshsll's move.
ments will certainly be automatically heard
from in the next day or two. Al last &C
counts an unconfrmed rumor had reached
Bristol that the enemy had been oyer;aken
and severely banded near Moccasin Gap.
FISASctAL AND CoHugRctAL-Jauuary 3.
1868. Gold i, held at 2,2ji silver, 200;
sterling, $780, Virginia and North Carolina
Bank notes, 80; Soulh Carolina and Geor.
gia bank notes %.
Bond, and Stocks We have no change
to note in the stock market. As will al.
ways he the case when the currency is re.
duced al good securities are in demand,
Stocks and Bonds are selling at their old
prices, less than hein,tresl paid on the lst
instant.
Nlcsliaaeom.-The general business Of
the year has not yet been resumed, and
therefore the subjects usually Of most i'm.
portance ia our reports will not be men.
toned,
Speculation may now be fairly consider
ns on bender, being almost xclpsiyely
confined to alcoholic liquors, all Of which
continue TO advance steadily and rapidly.