The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1864-10-07
LATEST NEWS.
sY LAST NIGHTS MAIL

WAsHISGToS, Oct. 4-Adyices from
Sheridan's army say the rebel cavalry
hold Swift Run Gap, the direct road
between Glentown and Charlottesville.
In the fight at Rock Fish Gap, of
which the rebel accounts are published
claiming the victory, our troops under
stand themselves to have been Victo-
rious-they have between two and
three hundred prisoners from there as
proof Of it.
Between two and three thousand
rebel prisoners, captured between
Woodstock and Harrisonburg. are Still
held in Sheridan's army, he being un-
able TO spare an escort to send them
back till the return of the guard Of
the prisoners, who arrived at Win
chester yesterday. 80
Sheridan's army is now. understood
to be again on the march. He has sup
plies to last him for a fortnight, and
can cut loose from his base at Harper s
Ferry as soon as he wishes. Our caval-
ry are already operating east of the
Blue Ridge
The average daily increase of the
public debt during the forty-three
months of the war has been one and a
halfmillions. The main daily increases
for the first twenty-five months was
one million three hundred thousand.
The daily average was then gradual
ly lost, till some months later it stood
at one million one hundred thousand.
Since then it has been falling again.
So, as before stated, the daily
average through the entire period of
the war has been a million and half
The minimum of daily increase of in
debtedness has been one million, and
the maximum three millions
Under the more perfect operation Of
our tax system the accumulation Of
debt viii be gradually more and more.
arrested
NEB YoRK, Oct 5.-The Heralds Coz
respondent with the cavalry on the
left of the Army of the Potomac says
Of the cavalry fight on Saturday;
The rebels were led by Generals
Wade Hampton, Butler, w. II. Lee,
Daring, and Young, each with
brigade They thought to secure an
easy victory, and they succeeded in
driving our small force, which was
commanded by Gen. Davis, from the
lines of defence, and, dismounting
three brigades, made a desperate at
tempt to dislodge US from a third line
Our forces consisted of the lst New
Jersey, LIST Massachusetts, 9th Ohio,
10th New York, and battalion of the
lst Pennsylvania, with four guns The
fight was terrific. Time and again the
rebels charged up to within few feet
Of the line, and were hurled back with
q deadly shower of bullets They then
attempted flank movement, at the
same time charging the breast-works,
but they met such a deadly fire that
they were glad 10 return.
as soon as is was discovered that the
enemy were falling back, our men
climbed their breastworks, and with
cheer charged the flying rebels. Our
loss was Slight
The Tribune's special, dated Martins
burg, the 4th, says The latest intelli-
gence from Sheridan is up to Saturday
morning At that time his infantry
were still at Harrisonburg, while his
cavalry were east OF the Blue hidge, re-
connoitering in the vicinity Of Char
lottesville.
The rebel report or a disaster to our
cavalry at Swift Run Gap is untrue.
Instead of meeting with a repulse We
gained a victory, capturing about 100
prisoners, and driving the rebels
through the Gap, which they had
fortified, and which was de
Tended by considerable force.
The position is fankable on either
side, and it is probable that the next
we get from Sheridan will
come via Alexandria. Supply trains
continue to 90 to the front, and there
is direct indication that Martinsburg
and Harper's Ferry are to be abandon
ed as a base of supplies.