The New York herald., 1864-11-07
The Peace and Restoration
Party sn the South.
Plans Of the Rebels for imposing
Direct Taxes.
IKE REBEL LOANS ALL FAILURES.
Ass, kess ~

The second sessioe ci sne tceopa toVs' SooSress
begins Rchmoud ~ day The 6ss. assaoa ad oasasd
Aay 81, 1854. urdsr peculiar crcamstaaess Gsnsrai
orsot pursuiue the victorious Of mis- way, mad
esaesed the famunkcy river, and In sight OF the
rsoel capital Lee shattered by tho terrible blows be
had received In the Wilderness vas tal:ns slowly
Demanding re.enforuemenis OF the President ADD
Congress. nissension existed In Congress and The
scuiederacy Leach Offering bis peace resolutions
end angry discussions betrayed the fright sod weaKoess
= the rebel law makers yance. Of North CAROLINA
was at the time loud in complaints o the dssrosm OF
Davis, and threatened serious mstiny IN ;tsi state
TOO mucn frightened act Con .rsss ceased
md, . panic, fed from the city, as0ounced bY the
papers OF Richmond for eoSardice and rsc;,oa
she Important matters submitted 10 BY Prcsldens
Davis ~ tne crisis then apon ,be confederscy.
Sne chvairy returus witn lear .p1 trsAoi,uK se
sosa iDsr second session. and under taresea
5os aspect u ansrs. ky iDeAcfsbe rsEsor'pttoo
lee hns managei 10 MI ns uenchas 20 win ;ne
selected militia OF tns towas oi.os 0. Virgins
Grant, With powerfr army iss very sstes
sys;ting the oppcrtuns uo~
ossenson and cls,crd n,one sne cuccis y me fsess
setgu supreme grea Ptace party has spr3E; s"7
Inc rebel Wee President head, and poyss Jtln
s.ou, IN seuate ald House. IL adzocsreu Nc,in csfo
ma aud Aabaina too stI reu7.!.us-. .r fsptes.l
stves " the latter refusing pps'tiyrD ':e
,onscr,p,iou law nas,. cvciasss im,
Aepeted by deserliua nessss The e0orai
~ ooniederacy, aud appears anxious ssu'sas
ccagless meets 5esss.a city almost ooinple,s,y ~
Sested But one outlet rem ius " tae rcbe C0Esr-s-,
I'D doubtless that will be ciu.,a
Three great subjects 10 engage and shss,b ID.
sstsotion Of the preson Congress What
pesds most 10 men, pucy ps.es Tho .o1scrip,-.s
md Financial bills te "a. aoaouess
tAs peace aud rscos.EIctiou,ss VIII nave ,ne,r
speeches Of Jsr. Davis At A..ou c,lumoi. Aua
points, o. the absolute The Isesssyy of
nore vigorous couscr,ion his eeea nut-d al. the
work ior Congress this saoleet Is .ussdy :st ana
<<ted. state lertsiAou III Alsb ei..wbss has
sslod 10 add 10 the strergh d tue afu,es toe es,e
Legislatures have refused To sIeSd Spi 'mpfavs tie
laws ths subject. sri Davis WIN recommend his tea
Eyss. desperate action Toe afn,na OF the
will doubtless prove grani scheme IL Inc eom'og go
go, ana is discussion VIII % msrxed Win manS
developmeu.s. 40 reasonable doubt eas es
tsrtained that IS tho calm parp,se soi deternnsiion
o the rebel leaders this dangerous ssep us
bec,me necessity. and driven, as shs ,s1ei 1aders
% the last extremity, they viii tag. into ibeu army
dangerous element which will adj niie sreos,h their
arms, aei which win result o unine The sona com
pletey y as It was tae day that Sum,sr isii
TIE finances Of he south probably rat a. surgery
q which the rebel Congress IL capsce; oct u viii Be
sailed opon by Secretary Trenholm for which
vii alcv the distress OF the teOe pie aud
neut Some action on the nDaness tb- reb-l
Congress each sssemoiage and this eve rseurrug
duty will demand much OF lis time ine prsieat aeson
ALREADY aSrorg party favor Of fepudtiou nAs sprung
ri. ana 20 prise need iet II prcpvso
as geoc-sl rcpud stlon all the ., ins con.
feeaie Treasury be msds TIE rebel papsrs already
s.ring Congress various pans and urging not % be
tin.d II laying laxes. In extracts from the rebel
pa,e viii be ound some interesting editorials this
p1bcc1.
iast, but uot east win the action OF the
peace and eccrstruccuists. Already they number
. peeiabe forcs Senate and House, sod large
party among the people follows their lead. The discus
o the foac OF armi0g the blacks accompanied as
viii b. o the Weakness OF the radical war
<n, win add myth 10 the conservatives and pave tho
way for a llra reception OF their arguments. With
sAsse irpparlaa matters discus Rnd legsae, he
second session second rebel Congress viii be Of
great aud ia roats will be Of vast Importance
70 ths couaty large. We anticipate oniy rood from
what PROMISES be the Stormy which begins Al
1ichaoud day.
We p-es-rt IA this connection li't Of the members
somlrsng the executive legislative departments q
me cbcl general government. The names the .ceu
ess Congress given fully known al Eichm ns
- November a ine date arrivals from tina
siy II nwil be ernd useful reference in connection
ul ropor,s which shall hereafter give Of th'
Eycceolpgt lhe rebel Congress.