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Philadelphia and Washington papers of the 8th and 9th instants have been received. We give a summary of their news:


M'Clellan's letter of Acceptance — he is for the Union as the only basis for peace.

The following is the letter of General McClellan to the committee announcing his nomination for the Yankee Presidency by the Chicago Convention:

Orange, New Jersey, September 8, 1864.

Gentlemen:
I have the honor to acknowledge the receipt of your letter informing me of my nomination by the Democratic National Convention, recently assembled at Chicago, as their candidate at the next election for President of the United States.

It is unnecessary for me to say to you that this nomination comes to me unsought. I am happy to know that, when the nomination was made, the record of my public life was kept in view.

The effect of long and varied service in the army, during war and peace, has been to strengthen and make indelible in my mind and heart the love and reverence for the Union, Constitution, laws and flag of our country, impressed upon me in early youth. These feelings have thus for guided the course of my life, and must continue to do so to its end.

The existence of more than one government over the region our flag is incompatible with the and the happiness of the people.

The prescr Union was the sole avowed object for which the war was commenced. It should have been conducted for that object only, and in accordance with those principles which I took occasion to declare when in active service.

Thus conducted, the work of reconciliation would

have been easy, and we might have reaped the benefits of our many victories on land and sea.

The Union was originally formed by the exercise of a spirit of conciliation and compromise: To restore and preserve it, the same spirit must prevail in our councils and in the hearts of the people. The re-establishment of the Union in all its integrity is, and must continue to be, the indispensable condition in any settlement. So soon as it is clear, or even probable, that our present adversaries are ready for peace upon the basis of the Union, we should exhaust all the resource of statesmanship practiced by civilized nations, and taught by the traditions of the American people, consistent with the honor and interest of the country, to secure such peace, re-establish the Union, and guarantee for the future the constitutional rights of every State. The Union is the one condition of peace; we ask no more.

Let me add, what I doubt not was, although unexpressed, the sentiment of the convention; as it is of the people they represent, that when any one State is willing to return to the Union, it should be received at once, with a full guarantee of all its constitutional rights.

If a frank, earnest, and persistent effort to obtain these objects should fail, the responsibility for ulterior consequences will fall upon these who remain in arms against the Union; but the Union must be preserved at all hazards.

I could not look in the face of my gallant comrades of the army and navy, who have survived so many bloody battles, and tell them that their labors and the sacrifice of so many of our slain and wounded brethren had been in vain — that we had abandoned that Union for which we have so often periled our lives. A vast majority of our people, whether in the army and navy or at home, would, as I would, hail with unbounded joy the permanent restoration of peace on the basis of the Union, under the Constitution without the effusion of another drop of blood, But no peace can be permanent without union.

As to the other subjects presented in the resolutions of the convention, I need only say that I should seek in the Constitution of the United States, and the laws framed in the ordnance therewith, the rule of my duty and the limitations of executive power; endeavor to restore economy in the public expenditures, re-establish the supremacy of law, and, by the operation of a more vigorous nationality, resume our commanding position among the nations of the earth.

The condition of our finances, the depreciation of the paper money, and the burden thereby imposed on labor and capital, show the necessity of a return to a sound, financial system; while the rights of citizens and the rights of States, and the binding authority of law over President, army and people, are subjects of not less vital importance in war than in peace. Believing that the views here expressed are those of the convention and the people you represent, I accept the nomination.

I realize the weight of the responsibility to be borne should the people ratify your choice. Conscious of my own weakness, I can only seek fervently the guidance of the Ruler of the Universe, and, relying on His all-powerful aid, do my best to restore union and peace to a suffering people, and to establish and guard their liberties and rights.

I am, gentlemen, very respectfully,
Your obedient servant,

George B. McClellan.
Hon. Horatia Seymour and others, Committee.

Yankee News from AtlantaWheeler's Raid.

The latest Yankee intelligence from Wheeler is that "Rousseau is driving him, and he is trying to cross the Tennessee river," and that the railroads between Nashville and Chattanooga would be in running order on the 9th instant. A telegram from Chattanooga on the 7th says:

‘ Advices from Jonesboro' to the 2d instant were received this morning.

General Hood's army was then retreating, with General Sherman's forces hanging closely on his rear. The head of the Union column was skirmishing with the rebel rear near Fayetteville, six miles from Jonesboro'. The righting around Jonesboro' had been very severe, and the enemy was routed at all points.

On the 30th ultimo the Fourth and Twenty-third corps struck the Macon line, five miles beyond East Point. In the meantime, the Fifteenth, Sixteenth and Seventeenth corps and Kilpatrick's cavalry were skirmishing briskly with the enemy on our right, driving him across Flint river into Jonesboro' Hazon's division, of the Sixteenth corps, took possession of a prominent hill on the way to the enemy's position.

On the next day the enemy burst en masse on the Fifteenth corps; but their repeated assaults were repulsed, and they lost several general officers, including Major- General Anderson, who was mortally wounded. Our loss was light, as we fought behind earthworks. Hazon's division captured two flags.

On the morning of the 1st September, the Fourteenth corps marched along the Macon road, destroying the track for several miles. In the afternoon they assaulted the rebel entrenchments, and after a desperate conflict, lasting for two hours, drove the enemy out, taking two batteries (including the celebrated Loomis's Battery, taken from us at Chickamauga,) and some battle-flags, General Govan and an Arkansas brigade. Early in the night Lee's corps moved away to Tom Stewart's corps, left in Atlanta, the command devolving on Hardee, who retired along the Macon road.

Hood, finding the situation desperate in Atlanta, also retreated on the 1st, burning nearly a thousand bales of cotton and eighty-six wagons laden with ammunition.

At the break of day on the 2d our army followed in hot pursuit. The object was to get between Hood and Hardee, and cut off one of them.

The details of the occupation of Atlanta by General Sherman are given, including a note from Major Calhoun, asking protection for non-combatants and private property, which was granted.


The draft to be enforced.

In the following official telegram from Secretary Stanton, we find that Seward was deceiving the Anburnites when he told them that the draft would not be enforced:

Washington, September 7.

Major-General Dix, New York:
This Department is still without say dispatches from south of Nashville.

It is supposed to be General Sherman's design to withdraw his advanced columns and give his army rest in Atlanta, and establish himself securely there, and restore his railroad communications broken by Wheeler and Forrest, before making further advances.

No operations by the armies of General Grant or General Sherman are reported to-day.

The provost-marshal-general's office is busily engaged in arranging the credits of the several districts, and is ordered to draft without delay for the deficiency in the districts that have not filled their quotas, beginning with those most in arrears.

Credits for volunteers will be allowed as long as possible; but the advantage of filling the armies immediately requires the draft to be speedily made in the defaulting districts. All applications for its postponement have, therefore, been refused.

Edwin M. Stanton,
Secretary of War.

From Grant's army.

A telegram from Washington, dated September 7, P. M., says:

‘ Advices from the Army of the Potomac represent recruits as arriving rapidly, and more than counterbalancing the loss of those troops whose term of service has expired. The regiments there are filling up, and if the country will only keep up the good work a month longer, Grant will have his desired "one hundred thousand" extra with which to finish the rebellion.


Miscellaneous.

Sheridan's cavalry are said to be broken down, and under the necessity of taking steps to recuperate.

Two Yankee gunboats have been sunk in the Mississippi.

An official dispatch from General Canby states that in twelve hours preceding the surrender of Fort Morgan about three thousand shells were thrown into the fort.

Two regiments, composed of the employees in the Quartermaster's Department at Alexandria, have been organized and the officers commissioned.

The One Hundred and Forty-eighth Ohio, out of service, reached Washington on Wednesday and called at the White House, when the President made a brief address to them.

The One Hundred and Sixty-third Ohio, their time having expired, left Fortress Monroe for home on Tuesday.

Gold was quoted in New York on the 7th instant at 241.

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