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Our monthly has received the heartiest commendation from the press generally, and warm endorsation from leading Confederates, while we number among our constant readers some of the most distinguished Federal soldiers and some of the ablest military critics in Europe.

As to the character of our publications we have steadily pursued the policy announced in our last annual report, and unanimously approved by our last annual meeting; and we are gratified to [35] know that this policy meets with the well nigh universal approval of our friends.

We have now on hand copies of the first three volumes of our Papers handsomely bound; (the fourth volume will be ready 1st of January, next,) besides our “Confederate view of the treatment of prisoners,” which we beg our friends to help us to circulate, and especially to place in every public library in the country.

We have reason to congratulate ourselves that, in spite of the unfavorable year we have had for the conduct of such an enterprise, we have been enabled to maintain our list of subscribers at about what it was twelve months ago, and that we have bright prospects for a large increase during the coming year; and we are satisfied that we only need efficient canvassers to swell our list of members and subscribers several thousand, within a short time.

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