Proportioning the former to the latter, end so ad- Jutting the detains of both, that the whole aMoant needed may be obtained with certainty, with due c oanomy, with the least possible inoonvenienee, and with the greatest possible inokiental benefit to the people. The &oratory hns given to fhb! imp ortant sub- Pot the best consideration which the urgency of the varied publio dudes has allowed. and now rub eat mi.'s to the oonsiJeration of Congress, with gr deference and no little distrust of his owe Judg ment, the opinion that $l , lO 0110 000 eh old be pro vided by taxation, and that $240,000 000 should pe eought = through er loans. It will hardly be dis uted that evy sound system of finance de quids provision by taxation for the prompt die eharge of all ordinary demands, for the payment gr a t d h ani n y r no t r e o a n s in lo g a f und and o f r o r thtbe er ecdrema t p io tino n o f oaf the principal is indispenasble. Public credit can Daly be supported by public faith, and priblio faith oan only be maintained by an economies), Amer geode, and prudent administration of publio affairs and by the prompt and punctual felalment of every pablio obligation. It has been already stated that the appropriations for she ordinary expenditurea of the fiscal year 1862 inaludlog the permanent and indefinite de scription*, amounts to $55 887 819 34, and the in terest to be pail on the debt to be incurred during the year hoe been estimated at $9,000,000 making an aggregate of ordinary expenditures of $74 887,• 849 34. If to these sums be added $5 000.000. es a provision for the reduction and final extingoish ment of the publio debt, the total wilt be $79,887,- 849 34. To provide for these payments, it is proposed, in mordants, with the principle just owed, to raise by taxation at least the EOM of $BO 000,000. In considering the choice of means to insure a rave• nue adequate to the purposes jest indicated, the atteution of the Secretary has been necessarily drawn to the different modes of taxation auttio• rued by the Constitution. The choice is limited to duties on import'', direot deities, and internal duties en excises. Duties on imparts constitute the chief form of indirect taxation Direct taxation inoludes oapi• tenon taxes, taxes on real estate, and probably general taxes on personal property, included in lists embracing all descriptions, and valued by a uniform rule, while under the head of internal duties and excise" may be included all taxes on consumption and taxes on special • esoriptions of personal property, with reference to use rather than value. The principal advantage of the 'system of direct taxes iit found to the sensibility with which they are felt and observed, in the motives thence arising for economy and fidelity in the Atimini titration, and in the manifest equity of distributing burdens to preportion to means, rather than in proportion to oomnrstion. On the other hand,. the advantages of indirect taxation by•duties on imports are found in the economy of oolleotioe, in the tactility of payment, in the adaptability to the encouragement of industry, and, above all, in the avoidance ot Federal interference with the finances of the States, setting main relienoe for revenue, for all oh) tots of State administration, must neatness rile be upon levies of property. These considerations have doubtless determined the preference with hes always been evinced by the people of the Vatted States, as well as by their Legislative and Executive, for duties on imports as the chief source of national revenue. Only on ocoesioes of special exigency has resort been had to direct taxation, or to internal duties or exeises No departure is proposed by the Secretary from the line of poliey than sanctioned. He ventures to recommend only such modifloationa of the exist lug tariff as will produce the principal part of the needed revenue, and each resort to direct taxetion or internal duties as circumstances may require, in order to make good whatever of duties may be found to exist That the present tariff of duties will not proem the revenue required by sound principles of team under the existing circumstances, lea pro position which will command general merit It was feared, indeed. with reference to a very differ t condition of affairs The receipts for the lest quarter of the Decal year jest closed were only $.5 627,245 33 and though a very considerable im provement in the revenue may be coati tautly anti cipated during the current fiscal year. should no change be made in the rates of duties, it will be inadequate, beyond doubt, to the demands of the Treasury, which should be provided for without resort to loam. These demands, as has already been stated, wilt reach the earn of $79 887.849 34 a Bum not greater, perhaps, than may be reasonably expected in mere prosperous years from a well ad friskd tariff of dutteserthough greater theism now be expected from any tariff. The disorders of bald ness incident to the disturbed condition of political affairs will be gradually redressed as new channels open to receive the trade °bonneted in former courses, and new employments engage the industry displaced from former pursuits With this revival of trade and industry the revenue will improve, even though the restoration of peace may be de.' bayed beyond our present hope. It is hardly to be doubted, moreover, that the great body of the °in sane of the States now involved in the calamities; of ineurrecion will, ere long, become satisfied that order and peace, and security for all rights of pro perty. and for all personal and political rights in the Union and under the Constitution, are pre ferable to the disorder and conflict, and insecurity, necessarily incident to attempts to subvert the Go vernment, break up its institutions, and destroy our nationality, by force and violence. When, under the inflame of this reasonable conviotion, the people of the several States now constrained by the criminal folly of political partisans into oivil war against the Union, shall, in their turn, constrain these partisans to loyalty, to law, and obedience to the Constitution, it is not nu reasonable to expect that with restored Union will come not merely renewed prosperity, but - prosperity renewed in a degree and measure with on parallel 4 n the past experience of our country. While reoomMendiog the changes in the existing tariff, and the other revenue measures which seem to him necessary, the Secretary in dulges, therefore, a confident expectation that they will ultimately prove wholly adequate to all reasonable demands, for the ordinary expendi tures for the payment of interest and for the re duction of the public debt, and that they will moreover, by establishing the national credit on sure foundation', contribute in no inconsiderable degree to that revival of trade and industry which, by its healthful reaction, will in turn essentially promote the 'nonce" and security of the revenue. The sources of revenue moat promptly to be made available must be sought, doubtless; In the *violas DOW exempt from duty or hut lightly taxed. Nearly all of these articles have hereto fore contributed in foil measure to the national Immo It was only when the debts contrasted In former wars for the establishment of our national independence or the vinclioation of our tuitional rights had been folly paid, and the revenue had increased largely beyond any legiti mate uses of government, that it was thought proper to remove the duties on some of them and largely rednoe the duties on others. That intelli gent patriotism which cheerfully sustained the former charges will even more cheerfully sustain those made necessary now for the preservation of our N•stiotal Union, and the maintenance of the sovereignty of the people Of the artiales now lightly taxed, sugar, and those wholly exempt from duty, tea and coffee, are the most important. The Secretary most respect fully proposes to Congress that a duty of two and a half cents per pound be laid on brown sugar, of three cents per pound on inlayed sugar, of four cents per pound on loaf and oiler relined sugars, of two and a half cents per pound oa syrup ot su gar oane, of six cents per pound on candy, of six *eats per gallon on molasses, and of four cents per gallon on sour molasses; and it is also proposed that a duty of A7O cents per pound be imposed on coffee, fifteen cents per pound on bleak tea, and . twenty cents per pound on green tea From these duties it is estimated that an additional revenue of not less thee $15,000 000 annually may be raised, while the burden of this upon our own people will be, to some considerable degree, mitigated by a partioipation oa the part of the foreign pro damns Without going into other details, of less import ance, the tleoretary thinks it proper to add in general, that from the proposed duties on strider; now exempt, and from duties, changed duties, on articles now either lightly burdened, or ao hea vily taxed that the tax amounts to a prehibition, a further immure of revenue to the amount of $7,- 000 000 may be anticipated, and that the improv ing condition of trade and industry warrants spilt expectation that revenue from the duties of the present tariff, not yet affected by the proposed changes, will not fall abort of $3O 000 000. He estimates, therefore, the total revenue from im ports, during the present year, ar $57 000 000, to width may be added the sum of $3 000 000 to be derived from the sale of the public) lands and ruts cellaneuns sources. making_ the total revenue for the ear $6O 000 000 While, therefore, there is every reason to behove that under a modified tariff, when the prosperity of the country shall be fully restored, an annual revenue of not less than $BO 000 000, and probably mere, may be realized, it will be necessary, in order to sustain fully the Dublin credit, to provide for raising the sum of $20 . 000.000 for the current year at least, by direct taxes, or from internal duties or exolses, or from both. The Constitution requires that the former be apportioned among the States in the ratio of the Federal population, but the latter need only be uniform throughent the 'United States. Taxes on real estate, and perhaps general taxes on personal property, must therefore be apportioned. Taxes on distilled liquors, on bank notes, on carriages, and similar descriptions of property, must not be higher in onekState than taxes on the sameartiele in another State. The Secretary submits to the superior wisdom of Congress the determination of the question, whether resort shall be made to direct taxes, or to in ternal, or both, for the supply of the probable defioienoy of that portion of the public resouroer, which, upon the principles already explained, must be furnished by taxation. The valets of the real and Personal property. of Aim people- of the United States. according to the census of 1880, is $l6 102 924 118. or, omitting fraction., sixteen thousand millions of dollars. The value of real property is estimated at E 11272 053.881. and 'he vales of the personal property at $4 832,880 235. The proportion of property of both direortptions in the United States excluding tinniest present tinder instweotion. is $1.0,900,758,009, of which sum $7 830 530 803 represents, according to the. best estimates, the value of she real, and $3 270 227.404 the value of the personal property A rate of of 1 per cent, ad valorem on the whole real and per. BOEIRi Dronertv of the actuary would prodnoe.a sum Of $2O 128 607 ; rate of 1 5 of .I._per,cent. on the real and personal property of the States not under. ittfurreotion would produce the sum of 521,800 058, and a rate of 3 10 of 1 par cent. on the real pro psrty alone in these States would produce $22 891 590; either sum being largely in exoties of the amount required. In some Stare. the re venue, far all purposes of State Ism nty, ant mu nicipal expenditure, is raised in this ...riser, and the awesernente of 'real and' personal property, levied on valuations made under State authority, form a certain and convenient method of collec tion. If molt valuations existed in all thestatee, it would not be diffioult, through the assumption and payment by the several States of their seve ral proportions of the tax;or through the co-ope ration of the State authorities in its collection, or through Federal agenoies created for the purpose, but using the State valuations to assess and oolleot the levy for national purposes . It is the absence of math valuations in tome of the litates, and the uncertainty of effective co-operatiOdln sli t which males the employment of an extensive and com- Viewed Federal machinery for the collection of direct taxes necessary, and supplies the basis of the most serious objection against that mode of collecting revenue' It has been objected; and not without apparent reason, to e a resort to direot taxes at this tine, that, in consequence of the disturbed condition of the country, the apportionment required by the Constitution cannot be made The Secretary. however, adopts the opinion that the constitutional requirement wilt be satisfied if Congrees, in the sot of levying the tax, snail apportion it among the several State. in the required manner. The tax cannot become uneonstitttVenal beseure ft may be difficult or even temporarily impassi ble to °oiled it ;Si apportioned. If ft were otherwise, the - objection would be cant to iheee. nal &aims as well as to direct taxes; fer in the present condition of the country it is impartible, whatever uniformity may be observed In the law impoolog such duties!, to make them uni form in colleotion. Internal duties may be col lected more cheaply than direct taxer, by fewer agent? and with less interferer's'', with the fineness of the 'States. They may also be made to bear mainly upon articles of luxury, and thus diminish, to a certain event, the burdens imposed by du ties on imports upon the dames of the people the least able to bear them. It has been already shown that a light direct tax from (the Secretary ventures to suggest) very small properties may be property and advantageously exempted, will produce the sum needed for the revenue. In the judgment of the tiecretary the needed sum may also be obtained from mederate charges on stills and distilled liquors, on ale and beer, on tobacco, on bank notes, on spring oar riages, on silver-ware and jewelry, and on legacies. It both sources of revenue be resorted to, to the ex tent suggested, the amount required from loans will be proportionately diminished, and the basis of the mobilo oredtt proportionately enlarged and strengthened. Whether both these modes of taxa tion be resorted to under the present emergencies, or only one of them, the Secretary will but illy per form his duty to Congress or the people if he omits to urge the great importance, the absolute noose city indeed, of each full provision of the annual revenue as will manifest to the world a fixed pur pose to maintain inviolate the public faith by the strictest fidelity to ail public engagements It will not, perbape, be thought out of place If the Secretary suggests here that the property of those engaged in insurrection, or in giving aid and comfort to the insurgents, may properly be made to contribute to the expenditures made necessary by their criminal misconduct, as a part of the pun ishment due to the guilt of involving the nation in the oalatoities of civil war, and thereby bringing distress upon so many innocent persons Congress may jaetly provide for the forfeiture of the whole or part of the estates of the offenders, and for the payment of its proceeds into the public treasury. Before dismissing the subject of the proper pro vision for ordinary expenditures, including the Interest on the public debt, and a proper &mount for a sinking fund, the Secretary respectfully irks the consideration of Congress of the question whether the current disbursements of the Bove rn merit may not be themselves diminished. Ile ven tures to suggest that a considerable saving may be judiciously effected by a reduction, for the time, of at least 10 per cent upon salaries and wages paid by the General Government, in Gene where such reduction will not interfere with existing °entracte, and that a further saving, perhaps not less non elderable, may be effected by the abolition of the franking privilege and a reduction of postal ex penses Betrenohment, in other directions will doubtless suggest itself to the reflection of Con gress;- and it is most respectfully recommended that every retrenchment compatible with the vigor and efficiency' of the public service be promptly and effectually made. • The Seoretary has already said that, on the supposition that $BO,OOO 000 may be raised by taxation in the mode proposed, or derived from the sales of the public lands and miscellaneous resources, it will still be neoessary, in order to meet the extraordinary demands of the present crisis, to raise the sum of two hundred and forty millions of dollars by loans. A comparison of the acts by which loans have already been author ised, and of the loans actually made, will show what resources of this description are available wrier existing laws. The act of Jane 22d, 1860, authorised the borrowing of $2l 000 000 at an interest of not above six per cent • Under this authority, Mr. Secretary Cobb, in Ootober, 1860, negotiated a loan of $10.000,000, but from oauses not necessary to be here specified, the takers of $2 978,000 failed to make good their offers. The amount realised was, therefore, only $7,022,000, leaving for Ware negotiation, under the act, the sum of $l3 978 000. The act of February Bth, 1801, authorized another loan of $25,000.000 on bonds at 6 per cent , and permitted the acceptance of the best bide, whether above or below par. Under this Rot, in February, 1861, Mr. Secretary Dix disposed of hoods to the amount of $8 600.000 at rates varying from 90 15 100 to 96 10 100 fer snob ;100, and re mising the sum of $7 243 600 35, leaving to be negotiated the sum of $l6 995,000. The sot of 'March 2d,'1881. commonly 'oatiod the tariff set. authorized another loan of $10,000,000 at an in- I tercet not exceeding 6 per cent , and also author , timid the Secretary of the Treasury to issue trea sury notes in-exchange for coin, or in payment of debts, for the amount of any bids not accepted under the act of February 31, 1881, and for the amount of any loans restricted to par not taken under the proposals authorized by the act of January, 1860, or by the tariff act itself. Under the acts of February and March, 1861, the present Secretary in April 1861, disposed of $3 099.000 in bonds, varying in rates from 85 per omit. to par and $ 4 901,000 in treasury notes at par: realizing for the $8,000.000 offered the sum of $7,814 809.80, to the Treasury, and in May, 1881, he disposed of $7,310,000 In bonds, varying in rates from 85 to 93 per oentum ; and $1,864.000 treasury notes 'at par; realizing for the ;9,994,000 the sum of $7,922,553 45. The present 'Secretary Mao invited proposals, at par, for $ l3 ,978 000, being the balanoe of the lean authorized oy the act of June, 1880: No bide were received, except three for $12,000 in the aggregate, which, having been made under a misapprehen sion, were permitted to be withdrawn, or applied as effete -for treasury notes at par, or for bids tinder the act of February, at 85 per cent. The Secretary has since, under the authority of March, 1881, issued treasury notes to offerers at par, and in' payment to public creditors to the amount of $2 681,580 The only authority now existing for obtaining money by loans is, therefore, found in the act of March 2d, 1861, which authorizes the issuing of bonds bearing an interest of 6 per cent., or in default of efters at par, the issue or payment of treasury notes bearing the same rate of interest at par to the amount of $lO 000.000 ; and in the act of Jane 22d, 1860, is modified the act of March 21, 1880, under which treasury notes at 6 per cent. may be issued or paid to creditors at par to the amount of $11,393 450 ; making In all au aggregate of loans authorized in some form, $2t,393 450. This authority, under existing air- • oamstances, is no further available than as credit 'Ors may desire to accept payment in' treasury i notes at 6 per Gent , whionie not to be expected, jerhaps, as an alternative for delays of which' a est or prudent Government will not, unless under extreme necessity, permit the occurrence. - It needs no argument to work the conviction that, under the existing laws, little or nothing of ' the required atm can be realised. The magnitude of the occasion requires other measures. As the contest in which the Government is now engaged is a °contest for national existence and the sove reignty of the people, it Is evidently proper that the. appeal should be made, in the first instance, at least, to the people th emselves; and it is highly dutiable, in order that the circle of con tribution may be widely extended, to make the burden press as lightly as possible upon each iro dividual contributor; and, if possible, .to trans mute the burden into a benefit. To attain these desirable objects, the Secretary submits to Con greer the expediency of opening subscriptions for a national loan of not lees than $100,000 . 000, to be issued in the form of treasury Dotes or exchequer bills, bearing a yearly interest 7 3 10 per cent , to be paid half yearly, and redeemable at the pleasure of the United States after three years from date. The sum of $100,000,000 is named as the amount for whioh it now seems expedient to rely on a subscription of this kind. But it is not intended to restrain loans in this form to any pre cise limit short of the entire sem which may be required, in addition to the sums to be realized from other sources for all the purposes of the year. The interest.of 7 3 10 per cent. is suggested be cause it is liberal to the subscriber, convenient for oaloulatior., and, under existing circumstances, a fair rate for the Government, It is beneficial to the whole people that a loan distributed among themselves should be made eo advantageous to the takers as to inspire satisfac tion and the hopes of profit rather than annoyance and fears of loss. And if the rate of intirest pro 'posed be somewhat higher than that allowed in ordinary times, it will not be grudged to the sub scribes when it is remembered that the interest on the loan will go into the channels of home circulation, and is to reward those who come for ward in the hour of peril to place their means at the disposal of their country. The convenience of calculation incident to the rate proposed is quite obvious. for the interest being equal to one cent a day on $5O, it is only necessary to know the num ber of days since the date of a note, or the lest payment of interest, to determine at a glance the amount due upon it. To increase still fur ther this facility of calculation, it is proposed, also, to issue the treasury notes of this loan in sums of $5O, $lOO, $5OO, $l,OOO, and $5,000, with the amount of:interest for apeoified periods en graved on the back of each note. The facility thus secured to the holder of determining the exact amount of the note and interest, without any trouble of computation, will materially en hance its value for all purposes of investment and payment. While the rate proposed is thus liberal and oonvenient, the Secretary regards it as also, under existing oirottmetanees, fair and equitable to the Government. The bonds of the U.S. bearing in tercet of 6 per cent.,and redeemable in twenty years after date, cannot bo disposed of at current market -rates, so that the interest on the amount realised will not exceed-Seven and three-tenths per cent. Nor is there any reason to believe that treasury notes, bearing an interest of six per cent., re ceivable for public dues and convertible into twenty-years six per cent. bonds, can be disposed of in any large amounts, so that the interest of the sum realized will fall much, if at all, short of .the rate proposed, for the difference of interest, if any, between snob notes and those of the pro posed national loan, the Secretary thinks the ab sence of the feature of reeeivability for public dues in the latter is a sufficient compensation. To ware the widest possible ()irate -of contri bution, the Secretary proposes, in addition to .the inducements just mentioned, that books' be opened at the offioe of the United States Trea surer in Washington. at the offices of the Assistant Treasurers and depositoriee of public moneys, at the offices of such postrs eaters and other selected per sons in each cities and towns of the Union as may be designated. That subscriptions be received for $5O, or .any tram being the multiple of 1.50;4 that the RUM illbSCllibtd be paid in cash, or if the subscriber prefer, in instalments o f one . tenth at the time of subscription, and one-tenth on the Ist and 15th days of each month thereafter .thefirst instalment to be forfeited in case of the nonpayment of the subsequent instalments, and that Interest accrue and be paid as it becomes due on all sums paid in from the day of payment, and that treasury notes be Weed, if required, for all payments except the first instalment, and for these "on final payment. The Secretary cannot doubt that for a loan so beneficial and so advantageous, scoured both as to interest and prinoipal, by adequate provisions of revenue, an appeal to the people will be answered with promptitude and liberality. In addition to the sums to be raised by a national loan, the Secre tary proposes, in ease it shall be found inexpedient to provide the whole amount needed in that mode, that bonds or certificates of debt of the United States be issued to lenders in this country, at rates not lower than par, for same of $5OO, VAMP,: and $lO,OOO, or of 1 00, 500, and 1,000 encode sterling, not exceeding, in the aggregate, $100,000,00 0 , or if beaked in the currency of Great BeitoiD not exceeding £20,000 000 Ile proposes farther that these bonds or oertifloatea be made redeemable at the pleasure of the Government after a period not exceeding thirty years after a common date, not later than the let of January, 1882, and bear an interest not exceeding 7 per Dent , payable in London, or at the Treasury of the United States, with the exchange at each rates as will make the payment equivalent to payment in London. if the ample provision already recom• mended for the punctual payment of interest and final redemption of the principal be made by Congress, the Secretary entertains a very confident expectation that it will be found praotioable to negotiate a very. considerable part of this loan, if not the whole, in. our own country, at favorable rates, and that whatever part, if any, may he wanted from capitalists in other countries will be easily obtained. For whatever sums may be needed to uPPIy the full amount required for tate service of the fiscal year, and as; an auxiliary measure to those already proposed, the Secretary recommends that provision be made for the leans of treasury notes for $lO or $2O each, payable one year after date to an amount not exceeding, in the aggregate, $5O 000 000. These notes should bear an interest of 3 56.100 per cent., and be exchange able at the will of the holders for treasury notes or exedseqner bills payable after three years, bearing 7 3 10the per cent. interest ; or should it be found more oenvenient, they may ne made redeemable on demand, in coin, and issued without interest. In either form, treasury notes of these smaller denominations may prove very useful if prudently used. Iu anticipation of reve nue certain to be received. The gresteet oars will, however, be requisite to prevent the degra dation of such issues into an irredeemable paper currency, than which no more certainly-fatal ex pedient for impoverishing the masses and dis crediting the government can well be devised. The immense of publics debt in consequence of the disturbed oondition of the country, and from other sources, will clearly apneas from a brief review. On the Ist of July, 1860. as shown by the last annual report, it was $64 769,703 08 It had been increased. on the let of January, 1861, to the sum of $66,243,721 83. It bad been further increased, on the 7th of March, 1861, when the present Se cretary took charge of the Department, to the sum of $76,455,299 28. And on the let of July, 1861, the doge of the fiscal year, it had been still further increased to the sum of $9O 867 828 68. In connection with the general subjeot of revenue the Secretary thinks it his duty to invite the atten tion of Congress to the condition of foreign com merce, and of the commerce between the State., as affected by the existing inntrreotion, at the ports of the several States of the Union. The collection of lawful duties en imports has been foroibly obstructed and prevented for several months. Thiel condition of affairs, and the admis sion of foreign merchandise into these ports without the payment of duties to the United States, have given opportunity to, many frauds on the revenue, and must iaeoeariarily occasion great and harmful disturbance of the regular com merce of the country. It is the province of Con gress to apply the proper remedies for the a evils, and the Secretary begs leave to suggest that the proper remedies may be found in closing the ports where the collection of duties is so disturbed, or by providing for snob collection on shipboard, or else where beyond the roach of such obstrootione. Every independent nation exercises the right of determining what ports within its territorial limits shall be and what ports shall not be open to foreign commerce, and nothing can be clearer than that, where one or more ports may be temporarily in the potsesslon of insurgents against the Government, suitable regulations may be presoribed by proper authority to guard the reve nue against ' diminution, by adequate provision for its collection, elsewhere than within the port, or for depriving the port of its character as a port of entry or delivery until the ineurreotion shall be suppressed. Great inoonvenience and damage to the corn• mane among the States have also arisen from the same general muse. To -mitigate these evils and to prevent, as far as possible, the perversion of commerce between the States into an agency for the supply of-the insurgents with means for main taining sod extending the insurrection, the Beare tory issued the two circular orders to colleotors, of which copies are herewith submitted to Congress. Morn—These have already been published In framing these orders, the &oratory wane; oessarily muoh embarrassed by the absence of any low regulating commerce among the States, ant by the necessity of conforming them to the son- . dition of hostility created by the insurrection. These conditions, under certain circumstances,: would make all commerce illegal, while, undet other circumstances, they would only make unlawful the commerce carried on directly with . insurgents To remove embarrassment, legils; latton is required, and the Secretary respectfully recommends a suitable enactment giving to the President the power to determine, by proclamation, or other notifloation, within what limits an ineur reotion has obtained for the time controlling ad oendenoy, and must, therefore be regarded as attended by the effects of civil war, in the total suspension of commerce, and to establish, by licence such exceptions to that suspension as be may deem expedient and peaotioable. Such an enactment should also provide suit able penalties and forfeitures for attempts to carry on unlicensed commerce with insurgents, or places declared to be in a state of insurrection. In order to a clearer understanding of the views expressed in this report, and to promote the promptitude of action so important in this junc ture, the Secretary most respectfully submits to the consideration of Congress a plan for inoreaeing and improving the revenue, the draughts of bilis to provide revenue from imports, and for other purposes; and another to authorize a national loan, and for other purposes, in nem plf anoe with the law on that tostjtot ; he also trans mits detailed statements of the several negotiations for loans ethos the last annual report from the Treasury Department. The Secretary is fully and painfully aware that in presenting and submit ting this report he has labored under great and pe culiar disadvantages. Be has but recently as sumed the oharge of the vast and complicated oonoerns of his department, and be is deeply 000sclous how imperfectly he is qualified by expe rience, by talents, or by special arquirements, for snob a °barge. He understands, also, better per haps than soy one outside can understand, the diffi culties incident to the task of which he has now attempted the performance, augmented and mul tiplied beyond measure by the criminal inseams- Um, which deranges commerce, accumulates ex penditures, necessitates taxes, embarrasses indus try, depreciates property, cripples enterprise and frestrates progress Be has simply endeavored, under these perplexing oirearnetanoes, to meet the case just ae it is; to set forth plainly the actual condition of the public finances, and to explain the Means and measures by which, in his humble judgment, the evils of the existing situation may be mitigated, and finally removed. The energies of a great people will, as ho firmly believes, surmount all the troubles and calamities of the present time, and under the good hand of the God of our fathers out of these very troubles and difficulties build a future rebirth shall surpass the whole glorious mat in the richness of its bless ings and benefits. • All which he respectfully submits to the indul gent consideration of Congrese. S P Cruse., Secretary of the Treasury. ~~a SATURDAY, JULY 6, 1861. float that standard sheet I Where breathes the fee but falls before nsT With Freedom's soil beneath orm feet, And Freedom , s banner...streaming o'er •xti I The Piesident's Message. The message of the President was sent to Congress yesterday. Its manly and patriotic tone will be universally admired, and it will fully moot the high expectations which the public had been led to form from the vigorous policy which has, up to this time, been pur sued by the present Administration. There will be no fears in fatare of a retrograde step, no dread of a . dissolution of the Confederacy while men and money ,can be found to sup port it—no apprehension of a compromise which is not based upon the complete re-es tablishment of the integrity of the IMb:in.. Events have clearly shown that the great body of the American people are true to their re publican Government, and determined to enthusiastically sustain it, and they now have the authentic and unmistakable assurance that the Government will, in every legitimate mode, assist and direct their efforts until the Rebellion is completely. subdued, and peace and order restored. The message opens with an interesting re view of the events which immediately' pre ceded the fall of Sninpter, by which it is clearly shown that the insurgents wore in every sense the aggressors, and that upon their heads rests the sole blame and responsi bility for all the bloodshed which may be caused by the present conflict. The frank and plain statement of the Presi dent in regard to the active measures he his' been compelled to adopt, in view of the threatening proportions of the rebellion, will carry with it, to every patriotic mind, a con-; , 'notion of ,the prOpriety of his course, and it will doubtless be promptly ratified, in every , respect, by Congress. In asking for the aid of 400,000 men and an: appropriatien of $400,000,000, for the 'purpose of (‘ making this contest a short and decisive ono," he echoes the general desire and ex pectation. The more speedily the war is ended the bettor it will be for all sections, and wo should, as soon as possible, put into the field a force with which it would manifestly be vain for our antagonists to contend. We shall thus not only show the whole people of the South the folly of attempting to'maintain their hos tile and treasonable attitude, but diminish the probabilities of any interference in , our affairs by European Governments. The -thorough exposure which the President makes of the folly of the Secession' theory will be read with deep interest, and will go far to prove to the whole world the utterly illegal and revolutionary character of the movement of the insurgents. A marked feature of the message is the tone of kindneaswhich accompanies even its firmest declarations of an unalterable purpose to pre ser.ve the Union. A spirit of duty, and not of revenge, actuates the President, and be is ready to assure those sections which are now in arms that "after the rebellion shall have been -suppressed," the ,Constitation and the laws will still be invoked to decide how they, like the loyal portions of the country, shall be governed. Tax warm weather is scattering our citi zens Beaward. The train for Atlantic City, at 4 P. M., this afternoon, will doubtless go crowded with those who enjoy a.plunge in the breakers. THE PRESS. - -PHILADELPHIA, SATURDAY, JULY 6, 1861. There is something very cheering in the tone of the messagerof Governor Przaroer, the now Executive of Virginia, who has established fill cailtal, for the present, at Wheeling, to the .new Legislature. Be as sumes broad and patriotic ground, and pro ceeding upon the impregnable doctrine that all legislation that conflicts with the National Constitution, which is the fundamental law of the, land, Is necessarily null and void, be ad vises the election of new United States Sena tors, to take the seats vacated by the with drawal 'of the two traitors, HUNTER 'and 3f.5.- see ; publishes the prompt response of the Secretary of .War to his appeal for aid to sup. press the ci rebellion and violence" which has broken out in the State, and proceeds to act in all matters of internal policy as vigorously as if Jonx Lerma-a had never occupied the position which ho _has evident. ly forfeited by his treasonable canduOt. Thus a precedent is set, which, as the campaign progresses, may be properly followed in other portions of the Union. We have now over awed treason in Delaware, Maryland, and Kentucky, and a gallant political and military battle Is being waged against it in the Old Do minion which must result in its downfall. We are ready to hall, and assist as brethren, all who recognize allegiance to'our common country, and to resolutely- oppose all who at tempt to establish or unite with a liostils Go vernment within our dominiOns.Animated by this spirit ; State after State must he rescued from the control of the insurgents as ra pidly as our troops advanee, and the loyal and . intelligent citizens can be taught the wickedness and infamy of the designs of the trititor chieftains, the folly of at tempting to maintain a' rebellion which must inevitably be crushed, and ^the evils which would be entailed . - ipon; the whole American people by a destrietion4the Con federacy under which they have enjoyed all their past' prosperity and achieved all their •greatness. In Tennessee, also, the nucleus for a loyal State Governmenthas been formed, and before many weeks elapse we trust it wil be in vigorous operation. In • portions of North Carolina, Georgia, and Texas, evidences of the existence of a strong Union-sentiment have recently been manifested;and it' only needs the presence of Our troops to guard the citizens from outrage and oppression, to 'elicit in portions of Louislana,',Alabama, or even or South Carolina; niany expressions Of con tinued attachment to the Federal Government. cc Coercion" was never more freely and more cruelly resorted to than by the 'conspira tors who sought to create a Revolu tion at the South, •at the very moment they were trying to paralyze the nation by preventing it from making an effort to protect the property and the strongholds they bad resolved to attack. By ec coercion" they bate 'controlled legislatures and conventions, inti midated popular assemblies, recruited armies, and swelled their revolt to its present formi dable dimensions. But a judicious exercise "Of "coercion," under the skilful direction of .Gen. Scour, at the head of an overpowering array, has already checked their onset, and will eventually destroy the whole movement. And when the real objects of the war are un derstoOd, our forces will everywhere-le hailed as - they were at Martinsburg• on the 4th of July, as friends and deliverers, and Union governors and legislatures will be selected, as in Western Virginia, to take the place of those . who have been the-aiders and abettors of traitors. The rapid advance of General PAATEBSON, and tho bravery displayed by the troops un-' der his command, a large proportion of whom' are Pennsylvanians, is the best answer" that could be. given- to those who have been de nouncing him because, like an experienced soldier, he wished to avoid any hasty and advised step, and to complete all his prepara tions, before making an , irresistible attack upon the .enemy. • . The plibliehed accounts show that while all 'have done their duty nobly, special credit is due to the Eleventh Regiment, commanded by Colonel JARRETT, formerly the , engineer--of the Sunbury and Erie Railroad, nd to Capt. kioldur.mv's Philadelphia Rangers, who are fulfilling the high expectations which their fellow.citisens had formed from their known intrepidity and:deterinined character. The disadvantage of having an irtny2corn.: posed to a large eitentof Dien who are nominally engaged r must be.eerionsly telt by' the insurgent'. leaders. Notwithstanding 'all we haVe heard of the sympathy of the people of the South with the Secession movement, the fact is notorious that impressment hail been one of their chief Paeans of filling up their ranks, and their ." volunteers" consist largely of involuntary soldiers. As a necessary con sequence they embrace every opportunity that presents • itself to desert, and in battle they might prove under favorable circum stances almost as dangerous to some of their Disunion companions as to — the National army. Considering that the insurgents have not only a dangerous servile populations to, contend against, but that they are also obliged to keep a constant watch over a portion of their own associates to whose services they have no valid claim, while an irresistible• force under tho direction of Gen. Sco7 is hemming them in on all aides, their condition is far from enviabld, and the period of their final overthrow cannot be far distant.- • rtss. The National The able and interesting report of 'the Se cretary of War presents a gratifying account of the energy which has been disMayed by the Administration, and of the grand outpOuring of the patriotic spirit of the American people, since the insurgents inaugurated a war by their dastardly assault upon Fort Sumter. Not- Withetanding the 'impatience and restlessnelis which has been evinced .in many quarters, it will be seen that the services of a large force have . been accepted, and that even after the disc charge of all those whose term • of enlistment is for but three months, there will stilLhe left available for Beryl& 188,000 volunteers and 42;000 regulars; or,a•total- Of 260;900 officer's and men,*and if Congress sees-proper to ate thoriee a still •larger arn3y, it can readily "te increased to 600,000 men. • • A few days ago' we 'mentioned that. there. ha been, in this city, by the Ocean Skictiter; first importation of Cognac brandy : in bottlis from France, under the late Tariff bill. The 14 portation is of tbe best: brands—namely, 1850, 1852, 1858, and 1858, and ban been received froth the United Vineyard, Proprietors' Compani, (George Balignac, manager,) and icon sale by or. friends J. M. Leslie Co., No. 138 South Frost street. We notice that the same Ann advert4s . .- . Its justly celebrated Ginger Wine,—tin agreeable, wholesome, stomachic, and most refreshing bo*- rage,—whiolt is equally good in summer and ter. That is, in hot weather with ice and watir, and, in other seasons, with hot water, sugar, d a trifle of Jamaica, (a mixture which mortals .I 1 punch,) excessively acceptable to temperance folks, who have the good taale to be choice in tbbir drinks. . -.. .... . Walson's Zonaves at. Fort Picken BEN M'CRLLOUGR'iI PROCLAMATION. • ST. Louts, July 5 —The Pensacola aorrespenisiat 'of the Mobile Advoriisir says that the steamier Vanderbilt, arrived at Fort . Pickens on tha th ultimo, and I,slnded Wilson's Zottaves The steamer s Illinois and Swan had also ar rived. 1 The Memphis Appeal, of the 2a inst., has pub' , fr 11.- fished a proOlataatit:ta from Ben MeOullough, on all the oitizenn of Arkansas having State or private arms, to vend twous at Fayetteville, where they will be formed 'ln regiments and battalions, and subsistence • ' Re saye that the troops Of Missouri are falling back on yon, and If they are not sustained yen will be invaded and your tiouCes tiosolated. Celebration of the Fourth at CitiaP Was, Chisrsit, July 5.-LA brigade, Cutioisting of the First and Seventh Regiments, webs formed yesterday, at Camp Wayne, under Commend Of Col. Biddle Roberts, of the - First 'Regiment,jUd• Harvey commanding the Seventh. They Nr° join e d by the volunteer oompanfes of the borough;N. and Reek's brass band, and marolled into town. forming on High street, where they'were inspected by Major General Motlalliand 'reviewed by Gov. Curtin. The Governor was wermly .received all along the line . and upon taking the right the proceision marched to Everhart's Grove, where, after appro priate exercises, a substantial dinner was for fished the troops. by the good Chester county farmers of the vicinity, to whioh ample justice was done, and the men having given hearty cheer! for the Constitution, the Governor, and the pocipie of Chester county, returned to the camps well pleased with the most appropriate and patriotic, manner in which the day had been celebrated: BALE or LACE MANTILLAS, &C.—The attention of the ladles Is Invited to the sale;,tbls day, at ten o'oleok, of floe lace mantillas, ms-ntles, &o.,at Birch it Bon's auction store, No. 914 n Obesnnt street. The New Virginia Government. The Advance of Gea. Patterson. The Involuntary Volunteers. Wayne. PORMATTON Or A :BRIGADE LATEST NEWS By Telegraph to The Prem. FROM WASHINGTON. Special Despatches to " The Press.' WASEIINGTON, July 5, 1861 important Mllito.v Movements. There is a ocommotion to d y, and an agreeable eeneation running through the various regiment! on this side the Potomao, growing out of the pros peot of an early advanoe to the other szde of the river. Five companies of the Third U. 8. Infantry, commanded by Morn SYKES, crowed the river at 10 o'clock last bight, and are now on Arlington Heights. The companies are B, Lieut. Kaar H, Meat. SHERIDAN; K, Meat. Motrooh ; G, Meat. WILLIAMS ; D, Lteat. BELL and Lieut. PARKER ; Meat. W. H. DICICENSoN, Adjutant. Griffin's battery crossed at the same time, and is on : Arlington Heights, prepared for - a concerted forward movement. The Garibaldi Guard. This noble qghnent, went over the river this morning, to report at Alexandria. Their destina tion is beyond that point As they moved up the Avenue the band was playing and every soldier was singing spirited airs, and many of them carry ing their rations on the point of their bayonets. The Rhode Island Regiments. I am informed on good authority, that the Rhode Island First and 13econd Regiments are or dered to move to morrow evening into Virginia. These noble regiments are undoubtedly selected to take part in the active movement now evidently not far off in point of time or locality . The Seventy-first ordered to Virginia. • The Bevel:ay-first N. Y., at the Navy Yard, bad their ATMS inspected to-day, and are ordered to be ready to march to-morrow evening. Their desti nation, with other regiments, is said to be direct to Manassas function. The Seven ty.first received their new uniform to day, from New York, and will go over the river, looking and feeling every,man a soldier. I need not inform you that they are all elated by the or der for a forward movement: Their place at the Navy Yard Will be supplied it in raid, by a Michigan regiment. The Secretary of the Navy. I am officially authorized to Bay that the oft-re peated reports intimating the contemplated resig. nation of the Secretary of the Navy are without one word of truth. While the moat perfect bar• mony prevaita between the President, hie Cabinet, and. General SCOTT, each department is sustained in the detail of its duties by a corps of efficient and most industrious clerks. Captain Fox, chief clerk of the navy, is rarely out of his office until ten or eleven o'clock at night, often selecting the quiet hours of the night to bring up alone those de. spatchoe and documents which require personal attention. The same remark may apply to Mr. SANDERSON, chief clerk of the War Department, who, at 10i.o'olook P. M., takes a cold lunch in his office, and then applies himself for another hour or two to the pressing business of the Department. These positions are no eineourzs • Potomac Steamer Arrived. The steamtng Reliance arrived up the river at 3 o'clock yesterday. dhe reports all quM sdong the barks of the , river, and could not diseevei any in dioations of batteries. The Fourth at Night. Oar olty, though Mad with strangers and soldiers yesterday, was quiet and orderly, and the evening and the night passed away without the occurrence of a riot. Ocoasionally a few soldiers would, under the influence of whisky, group together and get excited, but they were immediately, in every case, taken oharge of by the extra mounted patrol, and Cent, under guard, to their camps. Carrying Weapons. The community are justly complaining against the praiitiee of soldiers carrying weapons tvhen off duty and in the city It is urged thit tapers Should imperatively insist that every soldier, before leaving camp to visit thef' city, should divest bin/- atilt' of his sidearms, and not be allowed to carry even a bayonet. Hotels 'Full WILLARD'S, and the National, are full. At the former accommodations were denied to a large number who made application to-day. Serenaded. Mama. GROW and ETIVIRIDGE were serenaded lest evening, and were called out. They made abort, but natriette and aphited addreeeee. • Piano for the White House. , A splendid equara piano, from Philadelphia, was received and put up at the White Rouse Pub. Does. by Telegraph. The members of Congress very generally die' approve of the plan adopted .of sending lengthy and important public doommenta by telegraph. Notwithstanding the extraordinary effiaiency - Of the telegraph, it. is - aimoit tuipoasible t 0.4,40: a :document of any considerable length through without being more or -leo Anutibited, We re- wiginFal- ars. fitiktetilia come papers owing to the livitiatii.ariftif the telegraph report of it. There can bitio — lm propriety in forwarding the President's message and reports of the Secretaries twenty-four boars in advance of their official birth. ' - N&Batteries at Matthias' Point. The Star of this evening has an item of nerve which says that the steamer Relzancet, which ar rived at the navy . yard yesterday afternoon, had brought intelligence that the rebels have mounted .breastworks stlttattblas' Point, with a battery of two rifled cannon supported by sixteen hundred infantry and:aavalry. There is no truth whatever in the report—my former deepatob, stating that the Pocahontas had made a reconnoissance and reported no batteries there, being literally true. More Troops Arrived. • The Thirty fourth New York Regiment arrived at 10 o'clock this evening in fine spirits. - Regimental Chaplains. The War Committee of our Young Men's Mile' Han Assoolition memorialized the War Depart ment to-day, praying that inquiry may be made into the system of appointing regimental °hap lains,.as they find actors and other unworthy par- Alas Ming that °Moe. Another Fight in Western Virginia. . • The Star of this evening has a spools] corr.- .apondenoe from Grafton, dated July 3, whieh says that a battle was fought at Buokanon, tipshar oonnty, on Sunday night, and that the rebels were rented. .The report seems to be true,,for the same paper bas a later special which Confirms the first in most part. The correspondent says : Shortly after I closed my letter to you of pester day, we received information of a nonsiderible „ -fight, at least in its results,, between General Mor ris' of this (MeClellan'a) army, and the enemy, commanded by ` either Henry A. Wise or I Bob Garnett, (late of the United States army,) in Denson. It took place to the right of Bookanon. Our troops engaged were almost entirely Ohioans; the Third and Fourth regiments, that had gone out by the way of Clarksburg. The citizen bring ing the new, here says he could •not learn (at Clarkebarg) whether Wise or Garnett commanded .the Disutioalsts, who retreated as hastily as possi ' hie, with the loss of twenty-three killed, two dred prisoners, and seventy one horses, that Mor rie captured. On our side, note man was killed. The motion took plate on Snniay night-that very early Monday morning, I presume. Such• is the account of the aTiir received here, as ex plained above. Our troops, immediately after the fight, continued the pursuit of the retreating enemy. We have news from across the ooantry, that Gen: MoCleilin expects to ,00me up with the j enemy at Laurel Hill to•motrow—Ahe 4th. A con siderable portion of •Wise's force is•pested there; and as that force will probably by that time be joined by the force the Unionists whipped on Sun day tight near Baokanon, if Wise will venture to fight anywhere, it will probably be there. He (Wise) will do his beet to make his men fight, if but bowmen,' after his usual fashion, on his way out to this quarter he abused the Virginians who ran at Phillippa recently, most sham/fatly, for Poltroons and cowards; not once, but In a dozen impromptu speeches . If his command continues to run after be has selected his own grour.d for a bit tie his dentinoiations of his friends engaged at Phillinpa will come back upon him so that he will be the laughing stock of the wh ole country. His total force is about 10 000 of whom but 3 000 may fairly be called willing enemies or the Mars and Stripes, as they are the volunteers he bronght with him from Staunton The rest are nearly all men drafted in the Valley, and •thus seemingly forced into the eervimiat !lie point of the bayonet. More than half of theni are doubtless Union men, rather tban Secessioriiets, at heart. The force with which Gen: McClellan operates consists (I. learn to day, on what I regard as good authority) of 19 000 men, in three divisions, under himself, Brigadier General Morris, of Indiana. and Briga dier General Rosencrant•z; of Ohio. The latter le a West Pointer, who graduated at the head of his class, and iitherefore a thoroughly educated and competent soldier. All here are exceedingly anxious to hear of to morrow's expected work somewhere about Laurel Mil. General McClellan, on leaving Clarksburg with his column, took the pietatitioa to prohibit any private despatches whatever from being sent by telegraph from that point, to prevent the ene- . my from 'by any chance obtaining intelligence of his movements. Everywhere here there are par ties doubtless in seoret correspondence with Wise and Garnett •by express, any of whom would parry to them, under whip and spur, whatever news of advantage to them they might be able to piok up. This prohibition, of course operates to prevent us here frtsi promptly learning full particulars of MoOlellan's movem eau,. • Arrivals ,trout Pennsylvania. . . At Willard's—Dr. B. Ward and lady, G. W. Foes, H. J. Brooke, John Richards, Wm. Neirlins, ;men P. Gregory, F. 8. Bunter ' Dr. Strawbridge, „Firth, L Bottom', W. B Irwin, B. IL Jew etts,•-.C. Thomas, W. B. Thomas and lady, two Missive Thomas, Mrs. G B. Earle, R. W. Gray, Thom, vs Klaiber, John . Voorhees, 0. P. Moore, E. L. Pat tick, J. W. Jones, Dr: . Thomas, N. Mi med', jr:s irt.r,C-en.tod's--John Linton, D. 11. Lleoke. Jas. Watson, U eorge W. Few:lnner, J. Woodruff, T. A. Bailey, 0 B Hughes, E. Mintzer, 8 E Datfield, L Dattlelci, •J. H. Stroton, J. W. Oampion,• P.. Harvey, O. R. Dyke:kap, M. Healey : J. M. Dutton Gonrge B rowi e.,l-41eorge T. DeOosta, M. M. 3 - unie lady, Thor .' Gales Forster, B. Jenks, Ansths Ackley. /Yalsonal. —A. P. Bissell & lady. DEFEAT OF A PORTION OF WISE'S AitilY Twenty•three Rebels Killed and Two Ilundre PrisDnerL WARIUNGTOII, July 5 —The star has a speolal despatoh from Grafton, dated the SI instant, whieh says that General Morris attacked and routed a division of Wise's army on Monday morning, at Builithannen, kttllnglwenty three, and taking two hundred prisoners and seventy-three horses. It was a regular foot race, and one of his men being killed, General Morris sent a large force in pursuit of the fugitives. General McClellan was expected to attack the main body of General Wise, at Laurel Hill, on the fourth. ..THE BATTERY AT IrATTRIAII' POINT-IfOVIIIENT OF Wasutrarow, July 5 —The steam tender Bell. ante, which name np vi the navy yard from the lower part of the river yesterday, reports that the rebels have mounted two rifled Gannon on the breastworks at Matthias' Point. Their foroe there is estimated at 1,600 men. The steam transport Philadelphia, went down the river, at 10a o'clook this morning, Lieut. Par ker, of the navy yard, in command. She took an extra crow of sailors and has probably gone to reconnoitre the position of the enemy at the above named polo t• A battalion of United States Infantry, the Third Regiment, went into Virginia last night, with Griffin's battery. Sherman's battery left here at 4 o'clock this morning for Virginia. This is the belt light ar tillery organization in the world General Scott has expressed the desire that there should be no delay on the part of the Cover nary of the loyal States in sending_forward their sharpshooters, as their services at this time would be of great value, considering the mode of warfare adopted by the enemy. The Thirty-fourth New York Regiment, .of Her kimer county, arrived hare to-night. The Navy Department is assured, from respeota hie source*, that the report in relation to the battle at Matthias Point, brought up by the steamboat Reliance is incorrect • that there are no works there, and'ho troops hetve been recently seen . in the neighborhood. From General Pattersonls Colunin. liderinwsnrinci, Va., July 4.—The whole of Gen. Patterson's column moved yesterday and encamped here, where we are quietly passing the 4th of July. The most admirable order is preserved, although some outrages have been committed upon private properly: Captain Nadenbush, of company A, in Colonel Alien's First Virginia Regiment, has bad his house completely gutted by stragglers from various regiments. Ballier's Twenty- first Penn sylvania and Davis' Twenty-third Pennsylvania are principally blamed for it. Captain hfolkiullin's Rangers are keeping guard over it. The'soldiers got into the distillery and began to abstract large quantities of liquor. The liquor was emptied . into the (week. Gen. Patterson has given orders to shoot the drat man caught stealing private property. The order will be enforced. A rumor prevails that Gen. MoClellan'eelumn is only,two days march from here, but I amunable to trace it to any reliable source. The nearest . force of the rebels to no is at Big Springs, on the route to Winchester, three miles below here, but this is only a double picket guard. General Johnson has moved forward the heaviest part of his column to Banker Hill, a small village ten miles below. His column has been seriously weakened by sending forward 4,000 men to assist in opposing General McCiellan's column. It is, therefore, reduced to about 12,000, and is numeri cally less than ours by 4,000. 'Barnacle's Rhoda Island Artillery will be here to-morrow. Double day's heavy battery is now here. The Wisconsin Regiment and the Eleventh Penn sylvania have gone back to Williamsport to - guard the battery there, and also the provision train. Yesterday Company B, of the Tenth Pennsyl vania, came moos a rebel patrol of cavalry, and fired upon them, killing one and wounding two. Yesterday about fifty cavalry passed through this place, in full retreat, just before the head of the column of United States troops reached here. They were in a very. great hurry. The people of the town received the Federal troops with quiet but deep demonstrations of jcy. Ladies and children thronged 'the streets in per feot security, and with • laughing, joyous hilarity, within two hours after the troops bad pitched their tents. After 8 o'oleok not a soldier, save the guard, was seen in the streets. The pickets, by mistake, Area upon each other last night, and one man in Col. Nagle's regiment was killed. An