Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1863-09-07

EXPECTED ARRIVAL OF AN ENGLISH BUnr Coz
FEpERArE IRON CLAD FLEET-FALLINe Orr In
THE SALES OF FIVE TwENrIEs, AND THE CAUSE
THEREoF-REPuDIArIoS AND NATIONAL BAsK-
RUPruY FoREsHADowED. ea
Especial Correspondence Of the Chicago rnesll

THKREoF-RErrDIArIos AND NATIONAL BAsK-
RuProY FoREsHADowED. a
Especial Correspondence of the Chicago Tmesl
..i.',l,...-- WAsHIseros, August 26.
There is great utir about the Navy Depart
ment TO day. 1t is said that a special agent of
the government, who was sent over to England
some time ago TO ascertain the real facts about
the alleged fitting out of feet of iron-clad Con-
federate steamers at British ports, returned to
this country in the steamer City of Baltimore.
which arrived at New York on the 26th, and
reached this city yesterday afternoon. have
ascertaned pretty nearly the burden of his intel
ligenee, which is in substance as follows:
Mr. Mason. in a quiet way, is doing quite as
much for the South in England as Mr. Slidell in
Paris, and can show great deal more for his
labors than Mr.. Slidell can. Besides the tangi
BILE evidences of his success, Of which will
speak presently, he has received certain secret
assurances from she English government. and
from the leading members of both houses of
Parliament, which were communicated to the
Confederate government at Richmond some time
ago, and which render it certain that notwith-
standing all professions to the contrary. there is
perfect understanding between the English and
French governments on the subject of the ac-
know wledgment Of Southern independence and
active interventien in behalf of the South, and
that. when that acknowledgment or Intervention
does take place, those two powerful nations will
be found To be acting in perfect accord, so that,
if we 90 to war with one of them in consequence,
We will have to fight them both, and the South
besides a a1 l
There are now in different ports of England
and Scotland no less than thirteen of the largest
and most powerful iron clad steamers in different
stages OF completion. besides six that are now on
their way across the ocean. Most of them are at
Liverpool Two of them at Glasgow. two at
Greenock, and one at Dunbarton. or the six
crossing the ocean, two were built at Dun
barton and two at Liverpool OF the thirteen
vessels first named above, one was launched at
Liverpool. some weeks ago, and. on the 10th
inst, her machinery being put i'm place.
She was to have been ready for sea by the 10Th
inst, and would sail at once. Her officers and
crew were all at Liverpool The first mate and
nearly half the crew were English sailors and
frst-rate seamen. Two other steamers were
launched on the LIST and 81 inst and were being
fitted with their machinery and armament during
the first ten days of this month. They will be
both ready for sea during the first week in Sep
tember The iemaining ten vessels will be COM
pleted and launched before the end of august.
| have spoken Of these vessels as steamers
which they are But some of them are inns
of the most powerful description, and Others
have two turrets. and are furnished with guns of
far more destructive power than anv now in use
in America All of them are iron steel plat
ed. all bave powerful ornaments, and all are
built so as to be not merely seaworthy, but also
to excel in speed any iron clad vessels that are
now ahoat
The agent of the Government referred to
above il said to have ascertained beyond all
doubt the purposes and destination of this rebel
feet. The six now on the way are TO make di-
rect for Charleston, to raise the blockade and
siege of that city, and to drive away or destroy
the Federal iron clad feet now at work there.
The other thirteen are to be dispatched soon as
ready. six to New York. four to Philadelphia.
and three to Boston. These cities are to be at
tackled. and the defenses and all the Government
property and national vessels at each place des-
troyed olIua srf .mU f4
Such is the substance of the news which Is
said to have reached the government last even
ing: and which has caused such futter to day
at the Navy Department The news was not
altogether unexpected. The government had
already been warned by the press that such
feet was being balt In England. Bnt the gov
ernment had doubted the accuracy of the state
ment Its own messenger. however, now con
firms its truth II would be idle to say that the
administration has taken any adequate measures
20 guard against this new and appalling danger.
Ifthe intelligence brought by this newspaper be
correct, the blow, when it falls, must fall upon
us with crushing force. 80 ,s
Therefore il is that great pertuberation has
fallen upon the venerable head of the Navy De-
partment. who is literally at his wits end. All
that can be done will he done by the active and
energetic Assistant Secretary of the Navy; and,
indeed. it nav he safely said that. hid Capt Fox
been the real he I'D of the Navy Department, the
harbors of New York. Philadelphia, and Boston
would not now he deienseless. s.s- e.sri
Now is a good TINA. by the wav. Tor 1.-The gov
ernment" tn declare war against England, as the
administration papers boosted ''lhe government"
would do if any more iron clad steamers for the
Confederates were fitted out in England. Will
'the government do itf Not at all On the
contrary, as ] have previously stated. the ad-
miDistration will see great seaport cities laid
in ruins, and our commerce swept from the
ocean, before they will take the only step that
will render US absolutely sale from those calam
tiles. sff,..rer "a
The falling off in the daily sale of Five
twenties'' Tor about a week past has become pos
itively alarming This expedent the main
reliance OF the Administration for the supply of
the funds necessary to carry on The war; and, il
this fails the war must come to abrupt con-
clusion The general subscription agent, there
fore has been instructed to allay the public ankle
ty by the absurd statement that the reason WHY
the people no longer contribute with alacritv to
this fund j. because their attention is absorbedby
watching the progress of affairs at Charleston.
That is too shallow pretext, however, to de-
ceive the public with. The real reason is, that
the dupes of the Administration are exhausted,
or nearly so and that the more intelligent portion
of the community haro too much sense 10 invest
their money in what will prove to be most stu
pendous humhug. There are many indications
indeed that the people are at last becoming awake
to the shameful deIusion which the party in power
~ II. I1.l..~
gold and silver in the country driven out Of cir
culaton, or exported to Europe, in consequence
of the msmanagement OF the Administration,
and the country burdened ,by national debt that
will probably remain unpaid for many genera
tions. but the country is flooded with paper
currency which il utterly worthless in point of
fact, and by means of which three fourths of the
people in moderately easy circumstances are re
duced nearly to poverty fs 81
Suppose that one of YOUR readers owns stock
for the ILLINOIS Central Railroad. worth $40 900.
1: he wishes to sell. be is compelled to take the
money in greenbacks. Three years ago, you
obliged your Republican, friend by lending him
S. 600 in gold or good brnk notes. To-day, he
offers you in payment the amount in greenbacks.
IL i in vain {, object. The act OF C0ngress-an
act in defiance of the Constituiion-has made
these filthy rags n legal tender for the payment
of all debts, To refuse them is to expose your
self to a suit under the act of Congress And,
now having taken your $1,000 or $4,000 in
greenbacks. what can you do with themf You
cannoa loan them out on mortgage, like specie or
bank notes. for they bear 60 interest. You can
indeed buy the five twenties" with them, and
this is what many have hitherto done. and this Is
the secret Of such large sales, previously, of this
new intangible creation. But what are the five
twentes"? 1t is only new form of public debt.
1t is the mere promise of the Administration 70
pay Eve per cent interest in specie. If the Ad
ministration had kept its previous promises, it
might be expected to keep this one. IT. Is quite
likely when the Adn inistration have gulled the