The Placer herald. [volume] (Auburn, Placer County, Calif.) 1855-1991, 1864-04-30
EASTERN NEWS.

So"P"Su oth HpSoi' upon tHo IOtOtudc,
the point of greatest attraction, there is a
marked quiet We are told preparations
are going forward, that when complete, will
make this campaign terrible in its predom
inancr over the preceding ones of the war.
Gen. Grant is concentrating force that it
is thought will be 100000 strong. How
large a force Gen. Lee is mastering of course
is no. kuown-but Federal accounts vary it
from As 900 to 10000 men, Gen. Burnside
has a separate command of from 10000 to
10000 men, to operate in harmony with the
Potomac campaign-but at what point has
not been made public.
Gen. Sherman's army at Chattanooga,
makes no sign, but it has been the general
superstition, that an advance is to be made
toward Rome and Atlanta this summer
The only activity prevailing seems to be
upon subordinate fields. The advance of
Gen. Banks, toward north western Louisiana,
has been attended with serions disaster at
Pleasant, Hill, in which the Federal force
sustained serious loss in men and artillery.
At last accounts the army had retreated
forty miles, and was fortfying at Grand Ecore.
The commanders under Banks are Representa-,
ed as crticising severely the tactics of that
General 1t is rumored that he wi be SUI
persoded by Gen Sickles.
T.. I
red to the Federal arms in the capture of
Plymouth. The rebels in force, aided bv a
powerful Federal ram, attacked the place.
and finally compelled a surrender after sew
eral assaults. Some gun>boats were sunk by
the ram, and Gen. Vessels, with his com
manc of $500 men were captured.
Fighting at Decatur, Alabama, has report
ed but the fual result has not been given.
A larse fleet of gunboats have been order
ed from the Navy Yards at the East to the
southern coast, in anticipation of active op
erations for the summer. 1t is thought some
of them will reinforce Admiral Farragut be-
low Mobile
The action Of the lower house Of Congress
in passing bill increasing the duties on for
eign imports fifty per cent for sixty days, has
created a sudden demand for coin to pay
duties on goods in bond, and day or two
since raised the price of gold to lS9-the
highest point reached during the war. The
latest dispatches announce falling to
III l-2. These sudden and extreme t1uctu
atons, indicate An unhealthy state of the mon.
ey market, and must naturally lead to very
unstable prices to all merchantable common
dities at the East.
The most interesting item of news to the
people of the Pacific coast, is the announce
ment that the low er branch of Congress has
amended the National Revenue Law so as to
tax the gross proceeds of all the mines Of
the nation, whether of silver or gold, We
per cent. Mr.. Highly offered an amendment
to exempt 5000, in imitation Of the income
law, but this was defeated The bill will
pass the Senate.
As the amount Of revenue derived from
the various National tax laws has not Weld
ed according to original estimates, further
increase Of the income tax has been made
ranging from five to ten per cent. Congress
seems to be trying to ascertain how far the
country will bear taxation without breaking
down under the load.
News Honi Europe says the hrCnduke
Macmillan received the Mexican deputation
on The 10th of April In speech he said
that the people of Mexico by an overwhem.
ING majority had confirmed the resolutions
Of the notables and as France guarantees the
Independence of Mexico and the Emper-
or of Austria consents, he solemnIy declared
his acceptance OF the crown, and expressed
his gratitude to the Emperor Of the French
who had brought about a solution Of the
Mexican question.
The Emperor Of Austria permits the forl
nation of Corps of 5000 volunteers and
800 sailors for Mexico.
The new Mexican loan for f80,OOO,OOO,
[s4oo, 100000 at SO, was to be opened on
the 18th.