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The Memphis Appeal prints the following reply of Mr. A. T. Stewart, of New York, to a letter from Mr. J. P. Sprague, of Memphis:--

New York, April 29, 1861.
dear Sir:--Your letter requesting to know whether or not I had offered a million of dollars to the Government for the purposes of the war, and at the same time informing me that neither yourself nor your friends would pay their debts to the firm as they matured, has been received.

The intention not to pay seems to be universal in the South, aggravated in your case by the assurance that it does not arise from inability; but, whatever may be your determination, or that of others at the South, it shall not change my course. All that I have of position and wealth I owe to the free institutions of the United States, under which, in common with all others North and South, protection to life, liberty, and property, have been enjoyed in the fullest manner. The Government to which these blessings are due calls on her citizens to protect the Capital of the Union from threatened assault; and, although the offer to which you refer has not in terms been made by me, I yet dedicate all that I have, and will, if need, my life, to the service of the country — for to that country I am bound by the strongest ties of affection and duty.

I had hoped that Tennessee would be loyal to the Constitution. But, however extensive may be secession or repudiators, as long as there are any to uphold the sovereignty of the United States, I shall be with them, supporting the flag.

Yours, &c.,

--Maine Republican Journal, May 24.

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