The sun. [volume] (New York [N.Y.]) 1833-1916, 1863-12-15

wv ~ i''y : w IHyhnls IN coin. ara
~. ~ Nv pr irr', IN order - recon 'ruet
iol. .e'ii scduce tte cir-rsry n w. miinana .na
.p a ~ ~ ~ Ie, ot ihirty nilion, sueh
A means o. raising current ,upric., isr,tion
tnf etten''1 Of n, loan areadv ptoiossd IA ,uf-
= stinAte a. thee sussnd ,uillien, An ~ ra'o
rcf ''s q i've Ier cut -ould yte.d sl.o.N..uDu.
ot a On issnd nj ion' would b. sufficient 20 .h.orh
tN' rrf c. ft' tti-rc tuf's fn' i~l, art rr-tO-e
irr. .1.t So s., T. hcv ~ 70 succsssul
~" ~e'rstsr, therefore rrccuim, nds CONGRESS 20
~ 'n' h'rds. r'yabe IN twenty yesrs tho Interest
80 1nrisl. he loan 10 J., extended r., N time ~
:. par a. m-n, ton'. q. m'y te ,ufcisnt 70
tax un the ou'.'anainr euuencv and estrsy the
M i' ps.. s.." sr % +srit o. Tree.
.. loan, In Of sloo e. n or of .hirh one hun
dIsd pre- d,i,lon ptro,i's, a. feoc I'D each
p~tor''e hare o. n. tive per cent 'st A ta5 cf
g. yer seni |; 70 he imposed on all p7oYcty. AMI
otLgr bs IN coin or u the ecui on' Of the bonds Il.
'a,d ~ NJ loan. Wi'h4u sr months ne. asue q
ia, which 'hal y cancelled. aud the faith " tto
glte,um'nt ;. picdso has i .h.n not exceed ,si
or c1.ir. A>u notes to siehsnse them cr bori'
Of p. ,oa,old-t,d c-n or in deC uii thereof .sii
.don-e of ildeb.ednors til the close O the Va
10 ctp--ted that ths nsesSiiy that viii i-on
d su. ha CS ~ I' p.f. ssr VSY1i Ss S AIN S
tho he fact shat tho whole u the ecu viii
" iGl W lmpait to them = md value .p, toI1m,sf
ins go st'.,'. loan Of thousand uiloii. stas II
!, proposed 90 rsic st,I Il $1,000 O,u orch, 20
b. pad IN ir,s'ury not-, snd the other hAf IN
ia must be AID on al property. The new al ,rii-
zen ia ~ ~ pfop'rty thrrsfoie 81 Counters the Oh
.,c,ions that ns,. been raised under the pfoyiuon,
o. lsrd .na n'sro.. !. !: led that ~ oyi'ion
ffAII o. 4Id. unless conformity With n
v IS ,rumuiat"n sheh I. dir. cted 20 he made
~ .,i .f'' nHs,.ns 'he h. img.ii,9a Of q - oa
III EA1nesfocs amount 20 tvothird. " .ll
tsiuhr go res. ANT fths objection rrsyais, !, -oid
UtN o. to- ttIprsinF eoucuson th>t all tia, stntos
var y I,h .cia ltizri m. indrrendense .nd for
nes II ali ,Sc eli u. re. pSG ,fSm ,he coT's aTG
" % ih'v are cont,udin, such a coL..rue,iou
90 80 ~ 80, ordered u take sca - pr,ciuuet
- d, yub.ie eneuiy. nad ia limitation tbefcIioin
70, cs ma, e eIerv,s q II. hold, ,fa. he at
o. 'r, cr. l. go v. ~ n Of the Constitution
iHt ''in n,'nt 10 pay hsli the tar n Cpiu
p'u- ~ '.rato N every taI fs,era dosrs to po,
'e' ne 10 os just ia pov1ruon 10 the e1ten' OF
"nv - d-fn7nd vii hue - produced. ib,s" who
10 t''s mounts a. Pfy wifi purchase th' touPon.
&C. f .I t..u lht g,lss me, lh .o eoutJilu'e
o. fIa i..a tl' .Gks, TAI "a companies md cap
ta .4n .Aat -ill trtir, tn currency aDd tus re-
ouce p-'r.s In reply 10 the objection that the hlni
'
or inpied on vh.cn they yer, taken NJ Nou-
ne sHly o. "fi' ara unie.s u I" .nop'd n -
~ Y'les q" %. tie i9le q valuc. The pipFns d
'-h rae te utf .hs creditor payment OF nis otb he-
90 II 10 cue pa H '.cu'ry Of greater value TIE
l"vt met, eileci, ao~s chat an honest tr'ot,t
~ 'f is bound 90 90 r. Cos nyss its sebt. on
t"'t security ~ hs Po.ef iot Ayrn.nt And All i1r
i.t' a. .- tui tnry remains ~ lie rro.snt sts'',
PIE. must advance; tArs- h"eoms, tuitlo'' hy
'h" army e'un1, he rad or fed;. the Gov,fn
mrn. g'rao' te ,uproneh snd the conntry
H''red ty ug,fy means y .h,u the poser of the eoy
ernurni 40 contfscf. 1oP.srf solemn. can = quire
na' tIriH. ard N such cas. the mann nust ~ ~
fa g.. p.u.V saioty 10 the supTein, las
li'''e 'nrNsure' cnnt"inpla ca permsnen, hn,ncisl
- r', rapt l' ~ rpAusiou o. suit Ga, sAn's II
q e7V 20 cut ana are ,ai,ul.ted 10 restore cont.
e'l d.. e'a po,Ge . DECLARED A. erpott duty of
~ Ne Tloe mere on ths debt, and thus TeI'e,o
EitAfi 'r'u D. iufdn
l4o - imposcd II last .c.-lon ~ Congress
Nlel c.lcct,t, aEd viii pfcbablg yrld enc hurafrI
"a 'e' rhr produce oAn hN yielded sss55,.1.J
9 co'tol raGhe under the act of ArrtI, 1862.
.no.t " .y,.'3 bAi.. ~. cat OF s:O.sIi st
hyer"fe pnt" oi 10 cent? per round. About ~ 90
0Al9 nave been dcst. oye' to -Leh, f tie qusntity
use .o. ...it.ly snd naval d,fe4cs, bc add, d .i
tot4 a.cuc,ion would 10 sst dosn Al 20 2Oi b,s.,
lesvins on hand an Gsl1 esAts of shout 333,c hes
and tue r,ma, lder on the plantations rha, they
were lu'cua.rt. The su.ount of toracco purchased
T., "'y1 hog'h ads, eo-tins s,t..siG, I. an
a,OEge of - cent, r~r pou,d Ths.e pufchsf,s
h,v most eihausted the .pr oI1isu,n of
: 'unD.o, and Hdditional iunds lra cesar
Tue aL,,ne- OF the nsht 10 require elton tortis
boiG, tog 'her With the stingency ~ th' blok .d.
reduced ~ m g. more int,rert-psyins stock, ami
titus restricted their sale IN thu luropesn rsrt T.
~ lnel''s W jht pay o' he h''istsnts IA the Iress
Lrr u. p.I uncut Il commented.
al oi rhea /, rt'gsctir y r'ihr 'tlrs
CO. .rAsiN1gr,
s. Gre AIRY Of rreG-urT.
Tho Rebel Nav Report or see'y Mallory.
II H.. J. 5, Rabcoct, STookc, Of IN, Hou.e " EeJ,,c
Hl'Iirfs =. s.. l.:
sra have the honor 10 srhuit herewith my third
Annual r, .Irt OF .hr eouli.Ioa OF thi, Department
Tho operation. ~ thi. traeh Of The Confederate srf
vice have loeu IA eNv ronrsd to proportions for d.
dng our sAt. Of the unetu - vesses boW ockad-
ias olf segIor'' We have also been tnrag.i N
uu.i,ss, aiming and ,gu.spns iron lad and o,her
s'e--rsr' 80 in cr rivs md inland sounds.
o. ffs " tal,rpi many Of thtfe vess,l. lave done
Vr'HHhlT ,'ryice u our csus-, While oth,r, no.
ennny or burned by our oiicers 10 r. 0vcal
'ter iiou fa.r into th- hands q the L lntld
sta'l foFc's. On The frst O: Jangi-J some 81
op bty@I oNeels manned steamer tLi two
'sAlpsr', In which they s..d fcr frlui ,hc I'm lor
BAF .tou ana captured tht L. >. sunhost Harm,
q. fciy TlthdraSirg her out " The reach oi i.e
416 . 'ess theu hloskhkins that port Tho
Hw ci Ish ha,birce been pui INTO eofnpiot. order,
aud hn. IA board ,plfc ent number oi officer and
.n 'e'd n, a. ''y,Gi.i!y vI,i,5, t9 sa dstasah then
no. deem 20 Advisable TO give orders foI this VS. sl
20 htttf.li hnT otsnsve operations. Ia Scuorc ancs
a. my instr ct onr, the Cgrfsderate steamer lor
l.tE ol JlnuerJ, sInee rhah time she has been ,u.
faf'd % atlous ssans the eou.nlerrs OF the an
amounting nraoy 70 several IN Ifilonr Of doll.rA on
the l,th of the sArle month the Alabama Destroyed
tht : gulloA' h.it, ta',in th. .'ulf OF aeIico,
y nopth