The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1864-03-19

over all the nations that traverse the seas. Five
hundred British vessels and three frigates have been
captured in seven months by the Americans. Can
the English people hear this unmoved2 Down to this
moment not on American frigate has struck her flag.
They Insult and laugh at us; they leave their ports
when they please. and return when IL suits their
convenience; they traverse the Atlantic; they beset
the West India Islands; they advance to the very
chops of the Channel; they parade along the coast Of
South America; nothing engages them, but yields TO
them a triumph"
- Gen. CAN'T hits the nail square on the head
pretty often. In a speech in Harrisburg, Penn, he
said
II hear men in the North denouncing the secessionists with
apparent bitterness, anu they say, externinate them but save
dog, KIN the man, but for Gods sake spare the dog Vein
Arkansas are going to Kill the dog and try TO save the man"
He remarked that he had never seen more consum-
mate secessionists than the conservatives of the North.
He had been among the rebels, he knew that their
conservatism was aiding the South. He appealed to
them TO leave party and 60 for their country; to NOM
mate an unconditional Union man for President.
The hardest blow ever given the rebellion was the
emancipation proclamation, enforced by Union bayo-
nets. He said the people of the South wanted to re-
turn to the Union. The bitterest secession ladies
daily married handsome Union soldiers. He was
afraid his wife would leave him when he determined
TO support the Union, but when he told her, she said
1t was the nOblest act he had ever done"
SrRENGH OF THE RUSSIAN MAYA semi official
statement of the strength of the Russian navy, just
published in England, shows that Russia has been
actively employed during the last five or six years in
increasing ner marltlme force. She has now SIX fleets
aaoat. stationed in the Black Sea. the Baltic, the
White Sea, the Caspian Sea, Lake Aral and on the
Amoor. The aggregate strength Of this force is one
hundred and twenty-five war vessels, besides a large
hotilla of gunboats, the exact number of which is not
known. and tbirty'two new ~gunboats which Admiral
Glasenapp is busiiy engaged in completing in the
government navy yards. In all, Russia has or soon
will have a feet of at least one hundred and fifty
heavily armed vessels of war, and we recently had
advices from England of the hurried departure of a
feet OF iron -clads which have been constructed for
her in British ship yards. The number of guns carr
RED by the vessels now attached TO her fleets in SER
vice is about four hundred and fifty. The new frigates,
iron-clads and %gunboats will probably increase the
number of guns to seven hundred.
4 correspondent of the London Times calls atten-
ton TO the fact that the Russian fleet now in the
Black sea consists of forty-two war vessels and trans
ports, whereas by the treaty of 1856, between Russia
and the Porte, II was stipulated that the number
should not exceed six steam vessels and four other
light sailing vessels. 1t appears from official data
that the greater part of the Russian feet now in the
Black Sea was built after the peace, and that only
eight of the whole number are part OF the SQUADRON
which, ar the beginning of the siege Of Sebastopol,
was sunk at the entrance of that port in order to
prevent the approach of the allied fleets. Most of
the vessels of the Baltic feet have been built since
1901. The feet on the Amoor consists of six armed
slOOps, seven armed schooners and eleven transports;
Russia evidently intends TO hold her own in that
region. Meantime England is watching the growth
OF the Russian naval power with evident anxiety.
The REBEL FINANCES 1t appears from the report
1 =, the - rebel Ps1s see TesaE Of lffbbsfn sfff thest itlH~. refsints
to Sept. 80, 1868, were, IN round numbers, S6OO.'
900, 900. of which $500. 900 600 was raised by issu-
ing treasury notes, S175. 900, 900 from loans of vari'
Gus kinds, principally bearing eight per cent. interest;
four millions have been raised by q lcar tar the
robbing of Union men (Sequestr0tion, the Secretary
styles it) has yielded nearly S2,60O,OOO; customs n
short million; export dnty on cotton, eight thousand
dollars while the aggregated genius of the Confed.
eracy has yielded Il patent fund of ten thousand
dollars. In accounting for the heavy war expenses
of the Confederscy, Mr.. Memminger uses the follow
ing language:
- At the commencement of the war no one foresaw the extent
to which it would be carried. 1t was not expected that We
would he called upon to check the advance of half a million Of
men, supported by :e whole outer world, while we were shut in
sentaI to the rest of mankind, and it was believed that they
would come and buy them"
He admits that to xation has been L failure, having
been collected in only three States. ln the rest, 1.-the
States themselves advanced the amounts due by their
citizens, snd aggravated existing evils by issues of
their own notes and bonds" Hence, treasury notes
became the inevitable resort: and that plan being
used up, and more, too. loans in another shape become
necessary. His last ingenious e1pedient has been
given by telegraph. After celebrating its several
features, be thus justiies its %propriety:
=. The Government finds itself unable 20 comply with the let
ter of its engagement. IL eudeavors, then, 20 comply with its
spirit. 1t tenders the creditor payment OF Its debt before II IL
due in a security OF a greater value. II gives him time to
accept the payment, and. If he should prefer TO retain the ooii-
cation. it allows the alternative upon the simple condition that
he shall forego the privilege OF demanding payment until after
the war. Il does exactly what an honest debtor IN distress 5
bound to do; 4; recognizes its debt, offers the best security for
Is the proposal of the governments; and, if it were the cas- of an
individual. his creditors would meet, and, as 4 body, would
accept his offer"
In other words the rebel treasury has failed.
a "a RskEER a