Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1864-03-02

DISCUSSIONS ABOUT THB NAVY, - The
second batch ias uehltoFs are likely 4
Iproys failures. The 0AaOnicus, built q,
Boston, has mads 1. sagonG trial trip. and
tits certain that arieisons new lls gut
carriage viii h9t eRe5ats, The niue uev
vessels az shays tf,sad VII heys 70 be delay?
for extensive and costly alterations be-
fore theyican aslssd The new, Western
iron clad Tuscumbia, which cost a quarter
OF million, aad Of @iis6 theirs have been
4 gseatle3peetatlopsf bas been yIi'hpgged,'i 2
bent out of shape BY sHer overweight, at
st. Louis, and Is coheid sred ruined
There was an animated debate In the,
HouSs of Represents stiss on , Tuesday last,
upon ths,peya apPptoF stiSn Blfiis which
pasted after pninp6s ~ alaeendmeatasl.sL e. =
EiRsaak. RlsiE. sLis aud Ir6 3rtss
iEu Iowa, d ste ada navy depart
ment agaipslitheiattacks of Winter! Davis,
of Maryland, and ,Air. Holman, of Iadiaua.
Mr. Davis said: 59at -
The first insane attack upon Charleston
was got upaby q cotton spinner, who acted
Ia everything relating, to the attack and
defense. The Admiral was whistled down
because OF the failure. If, on that occa.
sion, Dupont had continued the unequal
contest for forty minutes longer, he would
have lett his feet in the hands Of the enc.
my. ThesdepartmentlWasi Informed OF all
the facts. The advice of Dupont was not
taken to give him as, 900 men to ad vance
by Stono and James leland, while he
operated with the iron clads, The depart
ment had removed the most brilliant off
Ger since the days of Decatur, because his
advice was not taken, and because il was
thought the iron clad interest might be
hurt by getting the truth. q tatSi
E Mr. Blair replied:. They had seen the
efficiency of the navy, including the iron.
clads, in preventing the Confederates from
coming out on the Atlantic coast. He be-.
lieyed the country had reason to be- proud
OF the administration of the Navy. Depart
ment. He considered the remarks OF the
gentleman from Maryland ungenerous, as
the gentleman he characterized ss cotton
spinner was an officer distinguished for his
courage, and as eminent as the officer to
whom he allnded, and on whom be had
bestowed lofty ipraise. The Navy Depart
ment had shr0nk from no investigation,
aud had not called upon its friends to shield
1t from exami1ation, nor had its friends
ihesitated TO afford all means of investiga.
ton. Could the gentlemen on, the other
side say as much for their faVorite Cabine:
offcer2 Was not, IN investigation of the
Treasury Department avoided? Gentle
men in five minute speeches should not
vent their gall and bitterness on the Navy
Department. The trinmphs of the navy
had been as great as those of the army.
Mr.. Brooks, of New York. (Dem.l also
presented a list showing that We had 600
vessels aaoat, the larRest paSS ia the world
and yet from the comnientenent of the
war our commerce had suffered losses by
rebel privateers to the extent of thirteen
aud a half millions. BE eofered these facts
against the Navy Department. as unanswer-
able. s5-.-ssE ss
The Boston Commercial Bulletin blames
the merchants for not buflding swift
feet of their own. II says it was ey-i
tdept six months after the war commenc.
ed that the Navy Department did not know
what was wanted, while the merchants did,
and if they had taken the Balietf,.,s ,ad..
vice and built twenty swift sf0ops1 of war.
like the Hartford, they would have pros
tected commerce. driven the pirates from.
,the1 seas5 and earned gratitude and re-,
comPense from the people of the Govern
The Money iamarAet--Tho NatIonal
FinHnceE=-New-E w-EoGns==Papsr aud
ia,'' 9F' .ihfHAAssRR s. RsAAff EJB. 80, llsJa /,
Money remains very abundant at Eve
per cent, which must be the minimum as
long as the Treasury receives all at that
rate, irelpFaabls in thirty days on ten day5'
notice:
The future course of the. money market
isjust now attracting the attention of most
prudent men, the more so that the Treas
'ury Department is about cbmibp forward
fer a new loan Il Is now Year since
the Department was in great atdifieuItiesfor
money The Five: tWentysloan had been
then year upon the market, and had
found buyers only to the extent of about
$40, 0,Qo0,000. The Secretary had ueen
compelled early in January TO got a Joint
resolution passed through both Houses
permitting the issue of s 100000 900 green
backs to pay thestroopshn and on the sd of
March new loan allowed the issue of
$3.50, 900, 900 mott, hut thGlTEsasdss ~ wass
in great distress and the prospects nv no
means Promfsihg. The spe6iG business.
however, set in with greai v gold rose
suddenly from thirty seven 70 seventy two
per cent? and lheEss WIS 4 rush for. goods.
which resulted in -stdtai6g al frSmG "a 3
amount OF melchandise into money. The
dealers were not disposed 10 re.inYest this
money in goods bat were induced tosput
ite into FiyestWenties with g9ld interest.
Thus the active and lucrative Spring bnsi.
ness insured the success of the loan, butiiu
doing so 1hesfRte OF interest In oIpSen
market rose from 4 tols per cent. In the
/ S1mmeri there was but little doue, but in
II the Fall renewed activity IN tradsEwAs
followed by larger Investments in Five
/ In some respects iks lhEt Of last year. The
! lFiya.tWenties are ail SOD, aud the Goyetn-
@snt is living "a iss 8 pei eeht, fegastIi ten