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red, and you have my cordial thanks for your action therein. Your stipulations in behalf of this department are fully endorsed, and will be promptly fulfilled. The Treasury has under consideration your suggestions as to cotton bonds, and Mr. Benjamin will advise you of the modifications of the form transmitted by you which Mr. Memminger seems necessary. The speedy completion and departure of Mr. Sinclair's worked regard of so much importance that I must invoke your further aid, should enable him to raise funds for the purpose which I have advised him, and the repetition of which here I deem inexpedient. The courier who brought your dispatches found a means of communication whose safety justifies their further use, and Mr. Benjamin will probably advise you thereof. The completion of the contract of this gentleman will place a peculiar class of ships, never before constructed, upon the sea in our service, and I shall regret if the Treasury Department shall fall to make s