Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1864-04-13

80" t'"fi~-A >1>tebh ~ -
Eanszed ThrOughoat the Country
fcorrespondence u t.e y. Y. worid-l
BALTIMORE. April !.
NEws FROM IHE SOUTH BIZ Nay OF HAVANA.
] have some ness from the South 20 day. net
very late or direct. but OF high importance Il
comes by way OF Havana, and by means OF
steamer which ran the blockade OF Wilmington
The gentlemen from whom the Information il de-
rived has been a resident OF Wilmington for the
last ten years. but j. now doing business IN Ha
Vana. lie vas ia Liverpool aud London about
two MONTH ago- fbs sfesDerin nich his geu
ilemsn took psssaee left Wdmingtcu Que night
ABOUT the middle OF last month Sae sxper-
tncei no e,ficuitv whatever IN eluding the block
udng teet The bio krde buSlness-that =, the
successful running OF the bloekade--hts never
been more lively, a. any period during the war.
than during toe last SIX molIhs. An Immense
quantity OF foreign dry goods. clothing. boots and
shoes, leather, and even large quantities OF coffee,
tea, and refined sugar. have thus found their way
into the Southern State These goods lme in
the irst instance from Europe, for the most part
nom ports IN Eigland aud Fsince. shere they
are paid for either dilSctly in gold or IN Canfel
crate cotton bonds The goods undergo trans
shipment 20 the blockade running vessels, either
at HavanH or at Nassau.
eOlIhERN CREDIT n klkoPk
There Is difficulty in obtaining any quantity
OF goods on Southern account in any OF the com
mercIal cities Of either England or France In
spite OF all that has said the contrary the
credit OF the Couiederacy is good in both OF those
countries; and goods eau be purchased a readily
tor Cone'ierite oonds tor gold This i owing
partly Ia the act tfu large cargoes oi COTTON are
frequently rece. Ell At Liverpool; but chief, -
the c invicti"n that Is uuiversaay entertained
n,ns TIE best adorned commercial menin both
E'glt0d and france. To the effect thtt the Large
amount OF cotton known To be ia the hands OF
the Confederate Government will all be available
to secure these bonds and 10 PITY OFF the European
loans Ii will be remembered that these bonds
are not delivered or placed IN the market until a
certain amount OF the cotton which they are
based hts actually arrived AZ Liverpool and this
fact gives them certain degree OF stability The
anOunl OF cotton actually known TO be ia the
possession of the Confederate Government in
February last more than ha.f a million OF
bales. At the present prices OF cotton one-thrd
OF this amount Is sdificieai 10 pay of aud take
up all the Confederate bonds now ID the European
money markets This iact shows, in part. upon
what the credit of the Confederate Government
in Europe Is based aud il shows the ahsurdi,y of
the statement recently made by Gen. Neal Dow
To the effect that tine resources of the rebels
exh,usted-tlat the re6el government has no
money. and is destitute OF credit"
WHAT DO THE REBELS DO FOR MONTY. IN THE
ABSENCE or CIRCULATING MEDIUM OF ANY
VALUE?
This Is puzzling question to W. here at the
North, all the more - when we read CO. people in
the South paying Sl5 for barrel OF flour, $50
for pair of boots ami other prices in proportion.
But this difficulty - more imaginary than real
Ii il tue that the rebel currency has deprecated
To that exteut that it is ne, rly worthless But il
Is also true that the rebel currency is not much
used "a circulating medium when it eau be
avoided. The farmer or planter who wishes TO
hny dty goods groceries has something which
the dealer in those articles values far more than
rebel currency. DE has cotton raw sugar rice
wheat. corn, potatoes, cattle. hogs horses, sheep,
cheese, butter aud milk. Dry goods and grocer.
les commlnd enormous prices, but also does
every one al the commodities that have ma med
In Order To pi 0m0ie mutual convenience there
fore, well ieguiated system of barter or ex
change has beeu established all over the South:
and the reDe government, although they are All
moved at seeing then paper money stunned when
ever practicable. have bad good sense enough
not only to permit the practice. but even to Gu
courage it; aud they are now reaping the good
efeci> OF that policy.
Thus IL Is that the Southern people supply their
necessities; the dealers in blockade & I"ds are
encouraged to purchase largely of foreign goods;
the D antes ana farmers are encouraged 10 t;riul,
IN their cotton. 10 cultivate grain, to raise horses
all cattle. and TO make butter and cheese; ana
thus it Is that the credit of the South is estab-
hshed ~ Europe.
IMPORTANCE OF THE BLOCKADE RUNNING BUSINESS.
Owing 10 ertaln facts which | will mention
presently. the running OF the blockade in order
bring European goods TO the South will not
he matter OF such vital importance IN year or
two, rs il is now But now il is amatter of o ara
mount importance, and indeed OF vital necessity
And although Wilmington is not rhe oniY port
where the blockade Is evaded. still it Is the prn
cipai eutrepot OF all the foreign goods that are
used at the South. Measures, TO which | will
ailude subsequently,, are on loot for the ntroduc
ton oil Flencn goods and fabrics by the way of
Mexico Blu, under existing circumstances, it
anything should happen to break up the blockade
trade al Wilmington. blow would have been
struck which wOlld inlure the rebels more than
the loss OF great battle.
MEASURES FOR The SECURITY OF wILMlyGrOx.
The attention of the rebel Government there
fore. Is constantly directed to the security of
Wilmington and the protection of the line of
railroad running from that city to Rchmond
The mtll number of troops actually composing
the rebel army, and the necessity of employing
so many OF them at points where enga gements
with the Federal forces might be expected hay e
prevented very large force from beng Stationed
between Wilmington and Richmond: while the
nes and apathy which the Federal Govern
meat has always manifested toward the blockade
running trade at Wilmington his seemed To ma X e
the necessity ot the retention ct very large tore
there UNNECESSARY
- !
not fors ct that the UuiOn Generals might posi-
bl. altempt 10 10 what plaza IN litars common
sense Dictated thai they aught To Go-uamely. To
capture Wilmington. or at least 10 destroy the
riilro al betw cen that city aud X chmond. And
to this day the Confederate authorities are
amazed that this has not been attempted. instead
OF the QulxOuc expeditions which have usees>iy
frittered away many thousands of our troops
Wilmington has been fortified therefore, imper
iectly II Is true. bu; still TO n degree that will
allow OF its beng defended until such time a
autheient force of rebel troops eau be cOncen-
trAtei to beat off the attacking force. here are
seldom more than ten thousand rebel troops
siOng the railroad between this point aud Rlcn
mOud; out there II standing Arrangement with
General Lee, IN pursuance OF which ans required
number III troops from those nearest Richmond,
10 be detached from the army under that
officer, and hurried down 10 any point on that
railroad where they may be needed. But as long
General Butler Is ia command OF tn az depart
ment the COnfederates consider that tact as A
guarantee that no serious attempt against the