The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1864-03-12

uuAAIcu Hll4ODS& Ol UOAdLS, WAAOA - !.
have thirty years to run, and to bear 81 /,
per cent. interest; TO secure the paymen
OF which and to give bonds some
show OF character the export and i'm
port duties" OF tine COntederacy arr
pledged. The pompous manner in which
this new loan is offered is in the usua
1 Southern buncombe style. The majority
of those who once formed the aristOcracy
OF the South cannot subscribe to the loan
even if they were willing to do so, and
there is no fact better known than this to
the rebel leaders; and the very few who
may yet possibly be able to take {; portion
OF the loan will not touch ii. they have
already had enough to do with rebel finan-
ces, and they are not so blinded by preju-
dice that they canno, see that the pledge
offered for the payment OF the interest on
| the new bonds IS about equal 10 straw. To
| prove this they nave the last annual report
| OF Mr.. Memminger, their Secretary OF the
Treasury, before them, liz which he says
the following amounts cf import and OK
port duties We're collected during the year
1863:
Receipts from Customs .............. $93l ,7aS IS
Export S,lUl 1s
Total. $685., 800 10
million oiIns u dollars IS thus pledged 20 pay
thirty millions OF interest. with strong
prospect that before the close Of the present
year even that source OF revenue TO the reD-
els Will be entirely cut OF. And what IS u
become Of the balance Of the debt viii be a
question that sne Inaneyed men OF the South
If there are any OF hat class Of indivlGu
ais let.-will take INTO serious consGera-
ton. According 10 the Columbia j.. O.
E0roliHtaa, the liabilities OF this so-calieG
Confederate Goyerunlen. Oh tlefirst o. u-v
next viii be as follows:
Debt january |, loc1..-..,...*..Sl, lcU, ,ouo. .0Vu
IA 4T1.eA n {f{ itla
Expenses froa January 20 : u
l,, 1901. .-,..-.- ftN .VUo
Total deb. .ly /. lsj4i 81 ,so7 ,oos, ,oa9
ever one thousand millions OF the above
aggregate sum Viii command an average
rate Of interest Of seven ana one-nalf per
cent. which VII require seve aty-iIVe mil
Lions annually - discharge There is not
a sane man il the whole South, however
sanculne he may be Of the ultimate success
OF Tie rebel cause, who entertaln- the most
remote itiea that one dollar oi the above
amount will ever be paid. Under such
| ideas and such facts as are herein present
/ ed, We think the Northern people Will CO.
incde with US ii the opinion that the new
rebel loan has no very tiattering prospects
Of success. It is tue duty Of our armies
now, as they advance into rebeldoln, TO
open free trade and TO spread our green
back currency among the people Of the
South. They have already given as proof
| Of their Willingness TO receive it in payment
for their cotton and sugar, their tobacco
and rice, their pitch, tar and turpentine,
| and for every other article of merchandise
which they may have to dispose OF. This
will do more toward reducing the rebel
bonds and currency to the standard OF rags
than military orders, and have more di-
rect tendency 10 bring the people back to
their allegiance, than half dozen Presi-
dents prOclamatiOuS.
| GEN. SEYMOUR AND THE BATTLE OF
OLUsTEE.-Of the disastrous issue Of the
battle of Olnstee there can be no possible
doubt. The foolish attempt, to call it by
its mildest name, OF General Gilmore TO
conceal the particulars Of the defeat from
the public Is silent acknowledgment OF
4 the greatness Of our losses. 1t IS said that
the number of killed and wounded amounts
TO between twelve and fifteen hundred, but
whether this be all, nobody here knows
That the engagement was a bloody one, and
| that our troops We're driven from the field,
is but too certain.
il Our forces, it seems, We're pushed for
ward by Gen. Seymour without the pre-
caution Of ascertaining the true position
and strength Of the enemy by scouts
and skirmishers sent in advance of their
march. They found themselves suddenly
engaged with an enemy far superior to
themselves in numbers, and prepared TO
give them battle. They fought desperate
| ly, Notwithstanding the suddenness and
surprise Of the attack, and after suffering
great slaughter were obliged to give way
before the overwhelming force Of tie ene-
my. Such, in brief terms, is the result, oi
the Florida expedition so far IS its history
| has been allowed 10 transpire.
/ We expected nothing from this expedi-
ton nnder the command Of such an officer
as Gei. Seymour. Whether Gen. Gilmore
| is responsible any further for Inc event
which has happened than the iEdiscce,ion
OF entrus.ing il 10 an Citicer who could al
low himself TO be led into such an ambush
as that which has cost the country many
| valuable lives, we cannot say-bUt to that
extent he must bear the blame. General
Seymour il a virulent pro- slavery man,
ian habituai contemner Of the race Oh Whose
good will and friendly services We can
alone rely for Knowledge Of the move
Inents Of the enemy when we penetrate
into his territory. His contemptuOus treat
ment Of Robert Small, the gallant colored
pilot who brought Us the steamer Planter
out Of the harbor OF Charleston, and who
Is one Of the heroes q our war, has already
/ been recorded in this paper. He is not the
man to avail himself Of the services Of the
African race in the capacity for which they
are most admirably adapted, that OF scouts
in the rebel country, or if he should at
tempt to avail himself Of them, he is one
VINO, because OF MS SupefclllOuS ana un-
cOnciliRting behavior towards them, is not
likely to be served by them with any de-
gree Of readiness and alacrity.-N. j. Posi-.
Opening Of our Fourth Campatgn
/ Outlook.
/ WASHINGTON, Feb. %.
We are entering upon the fourth cam
| paign-and are very near the fourth year OF
the war. A flying column under General
Sherman is performing with infantry what
it has hitherto been the highest and widest
dream of our prudent generals to attempt
with cavalry; and the Nation waits and
watches to see whore the bold blow will
strike. Clouds Of infantry are pouring
down from the mountain fastnesses of Chat
tanooga upon the auuring champaign
country beyond; and we are once more
trying to decipher Victory from the con-
fusing dispatches from the front. The Ar
my Of the Potomac,-fated emblem Of the
Seasons-is moving, with the Spring, again
though whittier or to what end few know.
L.