Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1864-04-27
The Red RIver ExpsdItIOa-Forcs Of lhs
nE0eEnV.

=
ENeny.
The New York 7Izss Of the 18th has the fol
lowing article, under the above head, rsfsrring
to tho preparations made By the Bed river ex
petition Il Is important, as showing the mag
uitude Of the force defeated by Gen. Tsylor:
Not few men and women may be supposed
70 be cudgeling shsir brains about this time, 70
see II hey cannot stril6a ont some light con
eeinirg the meaning Of the extensive military
mSneuVeFs going on in Western Louisiana. Be-
SIDE the heavy force, military and naval, which
Gen smith took down the Mississippi and m
the Red river capturing Fort De- Rasssy and
pushing on TO NAtehitOehss, we have had news
that Gen. Banks, with 3 very large cavalry
force and a small infantry accompaniment, had
passed up oncs moro through the deserted Ops.
lousss country Csnd was trying 20 effect iune-
tion with Smith, when he was attacked By the
rebels on Cane river In addition to these two
columns On the Red river, OF trying to get there,
we are informed by oar correspondent with the
army Of the frontier, that sigh. regimsnfs and
battery, undsT Gen. ThsysF, left Fort Smith,
Arkansas on the 2lst ult., destined also for the
Rsd river; and this body was to be joined in
Southern Arkansas by fourth army, from
Little Rock, undsT G IN. Steele who was slso
bound for Red river. The entire foTes Of those
fOur armies, Whsa combined, viii We understand,
number about forty Thousand men.
This is an enormous army 70 operate with on
the Red river, and the country will look with
intense interest for is schis7smeuis. The Iebels
thereabOuts have, Of course, no force 70 cope OF
TO compare with this What force they have
ought to be deYouEed very quickly; and then
waat will cur army Of 40 900 men do They
esunot march across the vast spaces Of Texas,
snd they certainly esunot bs retained IN West
ern Louisiana, for Gen. Bank various fruitless
marching and coUnieTmsTchiHgs shrOagh tbs.
fatal region have elTsady cost rs eaOugh and
enormously in blood and treasure. 1t IS not
worth while to divide such . splendid amy up
into mere post holders and guerrilla hunters,
Whsn troops are 80 impsTatively demanded for
great operations in iTOnt Of the national capital
Il was given ont some time since that Gen.
Grant would speedily Withdraw al white troops
from the DEPARTMENT Of the Cult, except such
as we're needed 70 ihold New Orleans, and it is
possible that this concentration on the Rcd riV-
eT Of al the tTans-AisSissippi forces may be fol
lowed BY that step. Forty thousand additional
men in Virginia might turn the tide of war this
summer, and crush forever the head Of the sJsff
Davis cOnfsdeTsoy. It would Be fearful thing
were we defeated in front Of Riehmsnd.
The sudden Esise In sssId-ArrtvaI Of src-
reiary Chase In she Oity.
From the New York Herald, l5ihl
The sudden rise in the gci market for the
past fsW days began to have its effect upon 81
branches OF commercial business, snd people
began TO think that the fabled stories Of the suf
feFings Of the Southern people were about being
realized by the working classes Of the North
Butter, one Of the most essential neeesssriss OF
domestic use, has, under the inflated condition
Of the money market, Iisen to such figure as
to entirely exelade It's use at the frugal board Of
n la- and
lies who have heretofore eEj5yed all the luXuries
of which the American people have partAksU
for half century, are now reduced TO ths ne
cessiiy OF dispensing with sll articles that are
not actually necessary to sustain lie La view
of the state Of facts, Mr.. Chase, whose Teputs-
ton as q 6nAncieF is WoTld-rsnoEned, took his
departure from the capital Of the nation to en-
plOY his magic wand, which can turn paIer
iuto gold at lis FIRST touch 70 settle the isversh
sxcitomeut of the money market, and restsIe
/ the equilibrium Of exchange, by throwing al
| the gold 10 the sub-ireAsuTy upon the market,
hoping that by this msans be may be able te
restore confidence, and create . market Tor the
/ sale of 10 40's, which sre now the hope of the
1 Government in securing the sinsWs of war foTthe
prosecution Of the spring campaign, about &
| open.
Mr. Chase arrived in the city yesterdLy ant
| took MP his quarters at the Fifth sAvenns hotel,
and did not appear on change during the day
! but his arrival in the city being well known BY
the operators in gold, they were naturally hnx
ious to discover the set Of his visit The
rumors that were afoaE during the day weT5
various; some would have il that he came for she
purpose Of bearing" the market by throwing
sll the gold in the sub-tTe&suTy into Wsll street
and By that means to make the spsculsti0ns O
some of the recent operators 90 improbable
| that they would In future hesitate to embark II
| such an uncertain enterprise. Whatever the
/ object Of Mr.. Chase's visit may be, It has hAC
the effect on the money market, and prices have
| fallen Of l3 per cent. in consequence. On'
noticeable fact however, was observable in Wal
street Very little business was done in tbs
sale Of specie, spectators evidently waiting f0l
Mr.. Chase to develop his plan of operations.
The talk in Wall street is, that unless SOM
decisive victory is gained by Grant, al the Of
forts of Mr. Chase will be unsvEiling 70 keel
down the premium on gold. And In case Of
defeat, they prophecy thai gold will reach sue
figure SIS to almost render gresabacks worth
less. Daring the day, yesterday, the seeE0taI
was visited, at his hotel, by Numerous parties
who were deeply interested in the object OF hi
visit 10 the city, bat were unable 10 get an
reliable information on the subject, Mr. Chss
preferTing 10 keep bis own counsel. A shoi
time, however, will reveal the whole matte
, and in the meantime every AnctuatiOn In th
price Of gold will be attributed to his ageneJ
1 and If he BE- unsuccessful in his efforts 70 msiE
tain tia integrity of the Government paper, Q
ROre properly his own issues Of bonds, notes 9
shiDplasters, etc, then his visit to this city wi
not be so successful As his friends would fsi
hope