, 1865-06-27

Peace and Prosperity IRs-
turning.
GREAT NEED OF CAPITAL.
The Dhfranchising Act--Case of Col
Hoge.
From Our oTn Correspondent

| and men are beginning to look at matters Ia
practical Light, resolved to do the best they
1 can under the circumstances. This state Of
feeling has been materially brought about By
| the Intense d{slike Of many Of the returned
rebel soldiers toward the military and politi.
cal leaders who urged the South into rebel.
lion, and now would keep alive agitation for
the sake Of their own seltish interests. The
great want OF our State NOW is capital, and
this does not come in as readily az is desir-
able, and, In some cases, nl-adyised mes.
surcs are calculated to retard 1t. This NAV
be illustrated by the condition Of our rail-
roads. Their means and influence were I'M
Eclupulous1y used to benefit the
rebellion, and now that the rebel.
lion Is played ont, the old
managers are seeking to obtain control again.
Ignoring wholly the fact that these roads are
justly liable to con1scation and that said
managers conld not possibly rasse capital
enough to put them again h working order.
For instance, The Memphis and Charleston
road would be less than nothing and vanity
1t the improvements made By military ar-
thority arc paid for. The engines and rolling
stock belong almrst wholly to the United
States, and the entire interest of the old
Company not destroyed by the war would
not pay onefousth OF what the military au-
thor1tes have already expended to pnt the
road In running order from here to Pocahon-
tas, which Is about seventy-t1v miles from
this place. and to which the cars will run
reached three heavy pieces Of work, The .are-
est at Big Hatelfe river, will have to be done.
and they will cost not less than one hundred
aDd fifty or two hundred thousand dollars.
The line IS far as Cor.pth has been saryeyed
b{ the excellent military Superintendent Col.
Wright, md men are At work at different
points getting out timber. It is possible
TINT the old managers may obtain sufficient
capital from Verdant Spectators In the NORTH.
but the most practicable course would seem
to be the declaration OF the utter insolvency
Of the cid Company and the placing the road
in the hards Of receivers who should refund
to the uuittd States Its Investments.
THE D1srnANcmsrSo ACT:
The recent State Legislature Of Tennessee
passed an act disGnnclisiag perhaps three
tou,tts cr more Of the people Of the State
fer having In g. me way nided the rebellion.
or not having voted at the last presidential
clectitn, and this enactment has cansed In
terEe feeling every where. An act that
would hare excluded prominent rebels would
cnt Law is regarded by many as an effort Of
q set Of mean fousth.rate politicians to retain
power ard patronage IN tleir own hands, and
the character Of the men who constituted the
last ASSEMBLY gives color to the idea. The
opponents of the Law c1:lm that 1t il alike
unjust, impolttle, aud Unconstitutional. I'm
just, btcau6e 1t bears hard on many men who
ut least are loyal, hut who were compelled to
aid the rebellion, did not vote at the last
presidential election. and cannot swear, as
this law acquires that they support and de-
lend all acts passed By this last State Leeis-
sgitarion, Keeps actiye old fcuda, and fosters
disccntcnt In large MINORITY or the people
who would otherwise ignore the past and ba
coed citizens. Unconstitutional, because It
places penalties on those not legally liable
10 punishutnt, aud IL thus In its essence
az a poH tado Law; and ~ effect, If not in
letter, opposed 10 the policy. Of tbs Federal
Government At first the advocates Of the
dishauchl.ing act had some plausibuity to
epstatn their yiews, since 1t was not iu1medi-
ately clear thaE the Institution Of slavery
would be wiped ont; but now that 1t is evI-
dent that the Frcdmen's Department, back
ed BY military authority, must inevitably
wipe ont slavery, the propfiety OF thesa dis
tIaLch1s.ng acts cannot be sustained By ap-
pca1s to Eroundless apprehensions. Espectai-
" when the law In whose behalf such appeals
were made IN the interest Of Legislators who
evtnced during their whole session as bitter
ard fnhutnan hatred Of the negro aud dis
regard for bis rights rs the ye1icst L.grce on
any southern plantation. Another point
made In fayor Of this dfsfrnnchfsing A-t Is the
supposed danger that II political power Is ia
ken out Of the bands OF the present lmhe-
cles, the whole rebtl debt Of our State will
be assumed and ultimately paid. The ab-
eurdity Of this supposItion Is evident from
the fact that The new constitution Of the
State Of Tennessee positively prohibits such
assumption Of rebel debts, and # It dld not.
the idea that southern men Will vol11n tasi.J
ateuuiv dcbta for which they are not legally
llab1e, ard tax themselves heavily to ply or
such debts ls ridiculous,
cot- uoGEs CASE.
The following card appeare in the Memphis
Argus Of this morning, and as It Is caculated
md intended to convey the impression that
the Memphis correspondent Of the Chicago
Tribune did injustice 10 Col. Hoge, claim the
right to make a very brlefrcsponse -
HxApQ'Ra, D1srn1CT Or West TENszs.Ek, .
-. EE.Hl1s, Tenn, June q, 1865. I
fantry:
co1osr1: My attepuoplhas been called to the
IL. puhllahed In tie Chicago 1Flbsfn<, refec,tue
upon or integrity n Office. 1niust!ce to your
for eurh reports, and that IN pyeslgrtioo Of your
on]clel conduct and Of your accounts Il Prnvost
1azthal, exo9e1atxs you from any implicitly in
tueh Alleged de3eleattoD.
Breyct M.,or General.
said "thc 4 iIltaty authorities are consid-
trably exercised over reporter frauds that
have betn discovered to have been perpetsa-
ted In The office Of Provost Marshal Col. Hoge
Of the 113th Illinois, whose place Is now flied
by Brig. Cen Bouton Of the 59th q. s. In
| fantTy-tolorcd. It seems that immense
Epms have gone into the Provost Marshal's
Office and u Ia not yet clear what became OF
| all Of them.h
! The card of Msj. Gen. Smith is not credsta.
BILE to him since 1t leaves the public to make
$4SfA
| 10 produce specific cases duplicating any one
In or about Col. Hcge's Office, but neither
| Gen. Smith, nor Gen. Bouton, nor Gen. Chet-
lain viii dtny their belief that large amounts
Of public money aEe unaccounted for and will
be so because the anouuts paid, md By whom,
cannot be ascertained. They will not deny
that public property has been cold under very
| singular circumstances. They will not deny
that business WIS done In a most loose and
careless manner In Col. Hoge's Office. They
will rot deny that one deficit is accounted
for BY Col. Hoge by saying that the money
Ess stolen from his desk sometime ago. But
| enough. was not disposed to attribute per-
sonal dishoEor in these transactions to Col.
Hoge-, did not assume to determine
| in his Office, and II the card of Major-Gensral
Smith had been couched in other language I
| wculd not tave responded to It; but when I
know that such reports were current In the
highest military circles here, aud that Msjor-
Central Washburn contemplated removing
Colonel Hoge, but deferred doing so because
be himself was soon to leave, and this wonld
bring about change without 90 much re-
mark. lam not disposed to submit to mis-
representation from General Smiths or any
otter persons inuendcs. do not, and have
not, assumed aueht agains Colonel Hogc,
! personally, and am satisled That discussion
| Of the manner in which business was done in
his Office is not circulated to do him any
good. Were disposed to continue tho mat
Ter 1t wonld requlle half 8 dozen cards from
Geuera1 Smith to convince the public that
| there Was not gross catelessnees or something
worsr in Col. Hoge's Office. s.
From BOSTON.