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hich confers rank on the regular officer over the volunteer of the same grade, leaving it to be determined by seniority, according to date of commission. Secretary Chase will recommend a necessarily large increase of the revenue duties.--The necessities of the Treasury during the war will require the tariff to be so shaped as reatest possible amount of income. A large incidental protection to American manufactures will of course be the consequence. Upon the vital question of war, Secretary Chase will fully develop the theory that slaves in rebel States should be employed to raise cotton, sugar, rice, and tobacco, for Government account. This policy has already been established by Cameron in regard to ungathered and unpinned Sea Island cotton in Beaufort. The nation will heartily approve the commendation of Chase to Congress as a wiser disposition of slaves than to leave them in the rear of the army, roaming at large, pillaging and marauding. It is a new form of emancipation,
The Daily Dispatch: November 30, 1861., [Electronic resource], Mr. Russell's letters to the London times. (search)
deed. Matters in Missouri are no better. What would be thought in London if an enemy's battery were playing on the shipping below Blackwall? In Kentucky the Federalists do not appear to have gained much, if anything, and the Union party there confess they must have the aid of troops from the other States, or they cannot hold their own against the bold and enterprising Confederates. The money is flowing now to the extent of some $1,000,000 a day or more — that is, the notes are; for Mr. Chase, to the immense delight of the New York bankers, has left several millions of loan in their vaults, on which they have been drawing their interest since the date of the first instalment. The Treasury notes are now regularly in circulation, and are rather liked than other wise, and, as General Scott pointed out, they are found to be convenient by the soldiers, who were formerly paid in gold exclusively, and had difficulty in transmitting their pay to their friends at home, as there is