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NEWS FROM WASHINGTON: Important Schemes of Government Finance; SECRETARY CHASE IN NEW-YORK (1/10/1863)
New York Times - Times Machine ^ | 1/10/1863

Posted on 01/10/2023 4:46:00 AM PST by Homer_J_Simpson

OUR SPECIAL WASHINGTON DISPATCHES.

WASHINGTON, Friday, Jan. 9.

THE FINANCES OF THE GOVERNMENT.

Hon. ROBERT J. WALKER, Ex-Secretary of the Treasury, has come to the aid of Mr. CHASE's financial policy, in a very able article, prepared for the Continental Monthly, and which is published here today, in advance. The writer clearly perceives the present danger to the country from inflation of the currency, and fully sustains Secretary CHASE's conservative financial measures. It is believed that his facts and arguments, which are presented with remarkable ability, will have a healthy influence on the sentiment of Congress and the country.

Mr. FESSENDEN, to-day, reported from the Senate Finance Committee the bill, drawn by Secretary CHASE, to which we alluded in yesterday's dispatch. The bill is intended to furnish temporary relief to the Treasury, and authorizes the Secretary to borrow, on the credit of the Government, two hundred millions dollars, to pay arrearages due to the army and navy. For one hundred millions, he may issue coupon or registered six per cent. bonds, payable at the pleasure of Government after ten years; for fifty millions, he may issue Treasury Notes, payable in two years, and drawing four per cent. interest, and receivable for all public dues except customs; and for the remaining fifty millions, he may issue legal tender notes without interest.

The Secretary also addressed a letter to the Committee of Ways and Means late last evening, asking provisions for the temporary relief of the Treasury, in case the Committee intend to report his bank and finance measures together, and inquiring their decision upon that question. Mr. STEVENS immediately replied in a note informing the Secretary that the Committee had voted unanimously to separate the two measures.

Secretary CHASE left for New-York on the 11 o'clock train this morning.

(Excerpt) Read more at nytimes.com ...


TOPICS: History
KEYWORDS: civilwar
Free Republic University, Department of History presents U.S. History, 1861-1865: Seminar and Discussion Forum
The American Civil War, as seen through news reports of the time and later historical accounts

First session: November 21, 2015. Last date to add: May 2025.
Reading: Self-assigned. Recommendations made and welcomed.

Posting history, in reverse order

https://www.freerepublic.com/tag/by:homerjsimpson/index?tab=articles

To add this class to or drop it from your schedule notify Admissions and Records (Attn: Homer_J_Simpson) by reply or freepmail.

Link to previous New York Times thread

https://freerepublic.com/focus/f-chat/4121939/posts

1 posted on 01/10/2023 4:46:00 AM PST by Homer_J_Simpson
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To: Homer_J_Simpson
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2 posted on 01/10/2023 4:46:50 AM PST by Homer_J_Simpson ("Every nation gets the government that it deserves." - Joseph de Maistre (1753-1821))
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To: chajin; henkster; CougarGA7; BroJoeK; central_va; Larry Lucido; wagglebee; Colonel_Flagg; Amagi; ...

News from Washington: Important Schemes of Government Finance – 2-3
Important from Missouri: Fighting at Springfield – 3
Rebel Reports from Vicksburg – 3
Important from Tennessee: General Rosecrans Following up the Rebels – 4
Editorial: The Confederacy Cleft in Twain – 4
Honors to Our Army – 4-5
The Pacific Railroad: Inauguration Ceremonies – 5
Kentucky and the Proclamation – 5
The Sailing of the Ship – 5
The Nuisance of Shinplasters – 5
The Hungarian Rebellion (letter to the editor) – 5


3 posted on 01/10/2023 4:47:41 AM PST by Homer_J_Simpson ("Every nation gets the government that it deserves." - Joseph de Maistre (1753-1821))
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To: Homer_J_Simpson
"Today", January 10, 1863, the war's 171st engagement at Arkansas Post, Arkansas, a Union victory.

Arkansas 1862- '63 Engagements

DateEngagementMilitary UnitsLossesVictor
Feb 17Little Sugar Creek, ARUnion Army of the Southwest (Curtis ~2,000) & Confederate Army of AR (McCullough ~2,000)Union 33-total (13-killed), Confederates 250-total (23-killed)Inconclusive
Mar 6-8Pea Ridge, AKUnion Army of Southwest (Curtis, Sigel ~10,500)& Confederate Army of the West (Van Dorn, Price, McCulloch, Pike ~16,500)Union 1,384 total (203 killed), Confederate 2,000 total (unknown killed)USA (Union outnumbered)
May 19Whitney's Lane, ARUnion Dept of the SW (Curtis, Steele ~30,000), Confederate Trans-Mississippi (Roane ~1,200)Union 51-total (unkwn-killed), Confederates 10-total (unkwn-killed)USA
June 17St. Charles, ARUnion 4-river boats, 46th Ind Inf (Fitch, Kitty-WIA ~1,000), Confederate AR 29th Inf (Fry-POW)Union 160-total (58-killed), Confederates 40-total (8-killed)USA
July 7Cache River, ARUnion Army of SW (Curtis, Havey ~600, Confederate 12th & 16th Cavalry (Hindman, Rust ~600)Union 63+-total (6-killed), Confederates ~100-total (30-killed)USA
Nov 27Yellville, ARUnion Army of the Frontier, (Wickersham, cavalry from Illinois, Iowa & Wisconsin ), Confederate garrisonUnion none, Confederates 60-total captured & paroledUSA -- salt mining disrupted
Nov 28Yellville, ARUnion Army of the Frontier, (Blunt, Cloud ~5,000), Confederate Trans-Mississippi Dept (Marmaduke, Shelby ~2,000)Union 44-total (8-killed), Confederates 80-total (10-killed)USA
Dec 6Reed's Mountain, ARUnion Army of the Frontier, (Blunt, Basset 3 regiments), Confederate Trans-Mississippi Dept (Shelby's brigade, Monroe +2 regiments)Union 8-total (1-killed), Confederates 37-total (10-killed)Inconclusive -- USA tactical, CSA strategic
Dec 7Prairie Grove, ARUnion Army of the Frontier, (Blunt, Herron ~9,000), Confederate Trans-Mississippi Dept (Hindman ~11,000)Union 1,251-total (175-killed), Confederates 1,317-total (204-killed)USA strategic (Union outnumbered)
Jan 9-10Arkansas Post, ARUnion Dept of MS, MS Squadron (McClernand, Porter ~ 20,090), Confederate Ft. Hindman garrison (Churchill ~5,000)Union 1,092-total (165?-killed), Confederates 4,931-total (60-killed)USA

Summary of Civil War Engagements as of January 10, 1863:
Engagements in Confederate states:

StateUnion VictoriesConfederate VictoriesInconclusiveTotal Engagements
South Carolina2215
Virginia7271246
North Carolina7119
Florida2002
Louisiana3104
Tennessee75113
Arkansas80210
Georgia1001
Mississippi3205
Texas0101
Total Engagements in CSA40391796

Engagements in Union states/territories:

StateUnion VictoriesConfederate VictoriesInconclusiveTotal Engagements
Maryland3014
West Virginia93214
Missouri1313127
New Mexico58013
Kentucky56213
Oklahoma1304
Total Engagements in Union3633675
Total Engagements to date767223171

With Confederate Fort Hindmin's surrender, 4,800 Confederate POW's brought casualty totals to over 6,000 making the Civil War's total casualties to date over 301,000 including nearly 35,000 killed in action.

Of those, Arkansas casualties totaled 12,900 including nearly 1,000 killed in action.

4 posted on 01/10/2023 5:22:26 AM PST by BroJoeK (future DDG 134 -- we remember)
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