Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1864-04-19
A NEW REGIMENT.

constitute new cavalry regiment,
which belongs to Gen. Imboden's COM
mand. This new regiments command
ed by the following officers: Robert
White, Colonel; Charles t. O'Ferrall
Lit. Col; f. r.. Calmese, Major.
The capture of 30 prisoners and 28hor.
SEES near Winchester, on Friday, the 9Th
inst, mentioned in our issue of last week,
was made by sixty men under the com.
Inland of Major Calmese ofthis new regi-
lment.
The Yankees captured were detach.
Iments of AverilPs troops who had been
Iout west of Winchester, on scout.
They were parts of the 9th and 7th
/ bogus Western Va, and few of the
18th Pennsylvania Cavalry, numbering
t150 or 100 men. The Yankee prisoners
passed through here on Tuesday last on
their way to Richmond
| THE YANKEE CONGRESS.
Hon. Alex. Long, Representative
from the I'd District Of Ohio, having sta
ted that he preferred the recognition Of
the Southern Confederacy to the exter-
mination of the Southern people, an ct
fort was made to have him expelled. -
The resolution failed to receive the vote
lof two-thirds, whereupon resolution
declaring him an unworthy member was
passed by large majority. Harris of
Maryland and Wood OF New York, con-
Cured with Long.
49, We invite attention to the cir
culars No s and No IA published in
our advertising columns. The Confed-,
crate Government now expects every
man to do his duty. It will be but a
short time before the greatest struggle
since the war will take place. The en-
envy are concentrating all OF their a.
valuable force for mighty contest
Virginia will be the stage upon which
this great and bloody tragedy will be,
ena cted.
~ On yesterday week Monday,
the 11th,) the James River was high
| er, at Richmond, by few inches, than
| in the great freshet OF, 1847. 1t has
never been known to be SO high since
| the time "whereof the memory OF man
Irunneth MOTTO the contrary"
/ az On Tuesday last, the dwelling
of Messrs. Jas. III. & Preston Todd, near
Mt Scion, in this county, was con-
sumed. 1t is supposed to have been the
work of an incendiary.
THE TWO CAMPAIGNS.
| The anxieties of the northern people are
not a little excited BY the two campaigns,
political and military, upon which they
are about to enter. They know that
both are fraught with momentous conse-
quences, and their solicitude is, there
fore, greatly aroused. The Presidential
limbroglio is almost as threatening to
their well-being as is the military
Parties and factions are warning against
each other with all the bitterness of dead
|lv hate; and discord and strife are di-
viding their strength and diverting their
aims and energies from vigorous and
concentrated prosecution of the war The |
New York Herald shows its apprecia-
ton of the Importance of this question
when it says ga political campaign is
before Us VIII ich may inaugurate new
epoch II national unity, prosperity, |
and power, or reign of chaos and
terror" and of the military campaign
it SAYS Sin it are involved decisive tri-
umph of the Union cause or disastrous
failure"
THE OLD CURRENCY AND THE NEW
SIX PER GEMS.
1t is not generally known that the old
currency may be funded in the six per
cent. bonds which the the Secretary of
Treasury is authorized to issue to the
amount of five hundred millions of dol |
lars. The bonds are to bear interest at
the rate Of per cent. per annum, and
thus 666 dollars, thus invested, will
yield the same amount of interest as
one thousand dollars in the four per
cents.-fortY dollars per annunl in both
cases. So the holder of the notes will
lose nothing, in amount Of interest, by |
neglecting to fund them at their express
ed value in four per cents, and funding
them hereafter at the rate of sixty-six
cents in the dollar in six per cents
The interest on the six per cents. is Sc
cured by the pledge of the revenues Of
the Confederacy derived from its import
duties and its export duties on cotton,
tobacco and naval stores. No fund or
revenue is pledged or set apart for the
payment of the interest on the four per
cents. The holders Of the six per cent.
bonds will be preferred creditors of the
Government, secured by the mortgage
of sufficient amount of its revenues. = |
1t is probably the most desirable dispo- |
sition to be made of what remains of
the old currency to convert it, scaled to
the amount of one-third, into the new
six per cents.
THE WAR PowER-.A JUDICIAL OPIN-
IoN.-The Supreme Court of Alabama
has recently rendered avery interesting
decision, which is with immediate refer
ence to military substitution, but reach
es to conclusion that has not yet been
fully announced. 1t is decided by this
court that "the war power" of the Gov
eminent authorizes tito exhaust, it nee
essary, the entire military force of the
country in men, money, and every other
available material of war. From this
broad proposition the court readily adj
vances to the conclusion that it is not in
the power Of any Coz gress to grant
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