New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-10-26
Iate Rebel News.
MIR. sTRvENs'S LETTER.


fuch sno'S ftioJ n it was so intended we fear
NJ SrrrHRNs might have saved himself the uou4-te.
when he saws that the only key note 10 peace oo.
n The recognition Of the absolute, ultimate fo'eIti7i
II he several States" ne speaks language 49,
In GEORGIA but which conveys 10 iiea Nna'e, r,C,b
Northcin party, whether 1t be DenoeIa'0 %
lcaD. -. e,o.o sovereirnfy
tbev have forrotten II. and striking pfoo "a 't.S
is the Platform Of the Chicago ConIen'SS, 80 tc
while they use the phrase flghts o. 10 not ipcude
fake caro- TO intimate that those ngus - o. tIov
the rici IN retire from Federal a.ah,e 49, " ~
have once entered IT. do not lne4I,y, -y ',yb
,isu, 1877 y, s covernfont That fag.end Of ne old
Union r. rnanifesfy settling down Inv d ;
nation whereof the former SIs,es "IS s,atos tbcy
and whom thew speak OF the ilehls ol tIe o'so' w
~, rtccselv what an Tnglisman would mean by the
risIts of Yorkshire. II is now ialoflte piece oi
ysnkee rhetoric and is always enthusiSstlcau
,Nor,icrr audiences to say "Whcn ] am asked IN
Srcirn countries what nation belong sha say to
Sew.Jc,seyi to Massachusetts, Why should mol Dc
nD5ersf od Nobody hes over heard Of these nations
No. rcriy am an american : and the sentiment
always brings down the house, . ..,. o-,. ,,d
really comprehend the rights of State; but OF q,
events the whole current Of Their present lIes anu
policy + in full career toward species o. eiectiye
1nonarc'y which, freed from the restriction ana con
fro OF safe power cannot fail to be one OF the most
absolute dcspotisms known in the world. IhelI
staesmcn plainly foresee this result accept ~ elau.,
aud witt q view 10 insure this-as much as ior any
other purpOsCthcy perpcuatc the war ana PIE on t.e
debt Until that deb; has been sweed up ial beyond the
fsrn4 rssbiity of being ever pGid those organizers
~ o,ofSy viii moi feel 6nite secure but when they
have interested millions OF people IN lne ele.
and stability Of Federal Securities they VIII tuch La.e
the most influential part OF the population OF eaeh oalc
bound 70 stand BY the Federal Government 0SG'Rst
their own States respectively Al Is one o. tAs nIs
obvious and wel-knoWn machines ana agencles loT o
establishment OF a centralized dcspQtism ana ior tls
reason the creating and funding Of large hsVna. go
was recommended by HAMILTON and the OLD feleIal-
lists simply to build up a strong central power on TIE
ruins Of the States.
Besides-and this is ancthef strong inducement-the
a sol Of
Great Bllair in which almost everybody is compelled
20 be .atcrcsed against his will through the say
sngs banks and Otherwiseths anu not the iDel AMY
and Justice Of the Government Is what has saved tue
English Oigarchy through so many revolutionary
storms Of Europe As TIC Yankee debt therefore APP
proximales in amount 10 the eight hundred millions
steTlinr OF England Mr. SEWARD must rub his hands
with delight. lie. and such as he know very wen what
must be the end Of it, although % the majority o. the
nation is enough that their national vanity nat
tered with the idea that they an pile up IN ,oul years
debt which it took England ages 70 create.
The financial article in The Herald, quoted IN part
sesterday points out with pleasure how n Is clear
HAT before many months have elapsed Ee I'M sfes' on
our debt VIII be equal 10 that o. Great britain me .oli
amount OF the principalo toe latter being seF n uu
red ard ninety millions sterling" Neither Il this the
most cheering fact the best OF all is 10 be enabled 10
say. tho sane paper does say IN the same elllse'
Tae national debt Of England is t,9 eccum ulated re-
suit Of AGES Ours on tae other hand is chiefly the re
suit Of three years ard 9all oil war surrey ever!
Yankee vii say reading this We are great people
England has done well enough tor an Old c0uhsJl ana
decrcpt monarchy; but she has no notion Of tie scale
which re- the amasng young natlono OF the Wesb DO
England again, has not money enough to pay her
debt and nobody imagnes thu; it ever viii be paid she
EOes repudiate, bur does not pay only keeps down
tie interest and taxes heavily the industry of her people
80 pay THAI This part OF the Brish example also nus
the ]sukes nation well ALREADY they know they have
debt which can never be paid Whether they to
meet by reputation by funding the whole and lay
ing permanent taxes 10 pay interest on II forever
will depend entirely whether they succeed or not IN
Bubjugating the Conederaey. If they do succeed they
Of being able to pay the interest principally by
the produce Of taxes tHIls ana oohlscailos apPleu
tie Souh; if they do not succeed Gud their own
be too much wasted 10 pay the Interest on
ssThe fact" saws TAe Herald seems 10 De overlooked
that If the debt creating Is ever 20 be paid or
the interest upon II long continued, II can ohy o.
by heavy fXaton on industry ana accuuuatlns cti'
Gal wh,6a VII be found 10 Cypress both trade end man
ufactuies end occasion more or less Of dseoneh, ana
political observation-disclosures reputation wlll ihen hegin
10 loom o. the financial horizon" Ia short wihon,
gaining fan control Of the resources OF tho Sonh ad
81 coEfsc OF our liberties lands rights and per-
sona ehts, they cannot contemplate Inc poalOJ OF
wing cit er principal 81 interest
~ owe iii essential part Of the programme OF
.Als To- central ocspotisrn thar the war be
continue q. whatever Isl until our country Is shD'
dred But fo<nnatey. polltl, lneofieS 40 ~; 'a@o
cite a1d dcmoIsh veteran armies; and hers. II our
The view AZ the case hers presented Offers small in.
ducemont certainly 10 the Southern uple 70 leuHte
their fortunes with those Of the A0itn. IL Wouid
rneansrs the c0uFefsiol Of tic States INFO Provinces
second the unlimited tIicted dominion Of an aT0i
trary deslot IL Washington; A"a tAe COW e4sqn oil
turers Of oil 1a,ioiS: .eWA, s5fIem O! thAes al.a
tar expressly devised % wiring from Southern indus
try and means the very last possible dollar Tor payment
o. Interest on debt CONTRACT 70 INC dlea u "a'tS
and nllaCc our country and murder on ciilren ,
Fox a.ea 20 come. Ne and uu descendants would
ncvCr purchase article 10 any store nor sci aoMA ~
dinner wit paying part Oh tie cost o. hE4
DAM buruges on t.s Shenandoah and SiihKNANs DC
vacations i1 GEORGIA Frcry day, for long years. We
rholld lave many occasion % remind us That IL "e n
Ter toll and pTivati0ns il s Tor tie pay ana rioh on l5
very gands who burned tow ana drove on ouf
cattle Net a Hessan Of an those thousands that We
Slew from iul Run 10 Colo Harbor but every hdT IL
Che creatures beard would be derel 70 Us anu ouis
than q thread Of finest gold.
We can Dr no means think therefore. OF coming INTO
The project Of establishing monarchy az onr own eA
pere " NAV give NJ also once FOR az the !deh OF
reasoning with mics as Mr. STEPHENS docs l
favor o. reffs which they consi-er obsolete or against
fbe oficai ideas 10 which They devoted. We have
no way Of bringing them back ~ tie true doctrines OF
Liberty and State sovereignty. save by driving tAe 70
revolution disintegratOn ana REPUTATION VIo uas
tbcy viii thank U.s. Wien thct are driven al inst 70
take refuge m the sovereignty Of their mother states
they viii thank God like CHATHAM that we resisted 70
ihedeath "Some Of the very Uessians hired 10 hgDt
against Us viii live 20 bless their defeat
MILITARY NEWS.
The EzamiRer has no military news except
from Northern sources.
PROM NORTHERN GTORCIA-AUTHENTrC AC-
COUNT OF HOODS ovBMESTS--SHERMAN's
REPORTS CLEARING RELATIONSHIPS SITUA-
TON AT ATLANTA.
The Montgomery Mail Of the 10Th has received
6ou iis specia agent No Bgc Mountain, clear resume
Of the operations o. HO-Ds army up to the nth instant
for which it wiz be seen that sherman report Of te
battle OF ALTOONA was orect ana moss "DOhl1aDie
fllsehood. Tie Mol SAYS:
Our earlier reports 81 the movements OF our WY
vere quite correct. Rome was not G. PtuleU' Du'
merely occupied after tue enemy had retired
The Alat6ona affair transpiTed on the 4th II was
Conducted by gen FREScH The division OF that oficer