P ) T GRZENCASTLE : Tuesday Morning, May 10, 1864 • ~4114 THE 1.1. 1. TWO HUNDRED MILLION FIVE PER CENT. LOAN. This Loan is limited to two hundred mil lions, and is being rapidly subscribed for by the people. A moderate portion of this amount kas been taken fur Europe, and any reasonable portion of the remaining ampopt that the Secre tary of the Treasury might be willing to desig nate, could be placed on the other side, with or without making the interest payable in Lon don instead of New York, can highly advant ageous : terms, thins giving- the omnunand of a large amount of sterling exchange (10 per cent. better than gold, as rates are calculated here.) through she summer loofahs. Ile has never yet entertained such propositions for his popular loans. Ills preference is that our own 'people should have the entire advantage of the gold interest which they bear, or else the pre mium on their Bonds, such as can now be b l ed uu,,tite 5.40 s talaer4 bought for Europe. The present object therefore, is popular diAtribu tiou at home, at par, on five per cent. gold in west, equal to 71 or S per cent, in currency with gold at 150 0 160 per cent., The Act of Congress specially,provides that the , Principal of these Bonds shall be paid in gold. If paid ofl after ten years with the economical view of re.borrowiug , at three ; or f fur' per cent. interest—for alter the Wats of 1812 this government borrowed money in Eu rope at three per oent.—the payment will be made in gold. On this and other funded stocks of the United States, there is a specific pledge of the Custom Revenue in gold, for the continued payment of the interest in gold. customs and duties, thus pledged for the payment of the interest and gradual extinc tion of the principal—through annual par chases for the , sinking fund—of the funded puhlifx debt of the United States, constitute a system of indirect taxation, to which the peo ple are and always have been accustomed.— lt ,falls upon the people only in proportion to their ability or inclination to consume foreign wares and merchandise, upon which these du ties are levied.' 'As the elect to fnrego the use of foreign luxuries, so they lighten their own burthen of the public debt, even while inveat iug their means in at rates and on a becurity superior to . , any other stock, for uniform and assured income (free of loeal taxes,) in the whole country. The last fiscal year, to Juno 30, 1863, this source of revenue amounted to $60,059,642. The gold interest on the public debt then amounted to only $24,729,846, and the priu cipal of the old loan of 1842, 0,250,000, was paid off in gold, in addition. The present fiscal year, ending on the 30th June, ‘ lB64; will show at least 40 per cent, in crease in gold customs, say 696,683,398, on a gross importation of less than 20 per cent. in crease over last year. The gold interest un the present_ funded and fundable debt, for th 3 cur rent fiscal year, will not exceed $47,735,650, leaving a surplus of 'newly fifty millions in sold from customs over the specific charge for interest upon them; part of which surplus the Secretary has readily disposed of at 165 per cent. for green-backs, the principal as well as premium of which will go to the benefit of the Sinking Fund, and to the reduction of the currency interest on the unfunded or tempora ry debt, such as one year certificates of in debtedness, certificates of deposit, kc. That this statement may not seem overdrawn, we anex a schedule of the funded debt and 7.30 per cent. treasury notes, soon to pass into funded debt by voluntary conversion, on which gold interest is now being paid : Funded Debt of the rnite,d States ta Nara* 0, 1864. ,LOANS. ILATS. oupnaT, Popular 5-20 Loan 6 per cent .. $510,774,000 7.30 per cent. Lnon,*... 7.30 per pent.. 138,34,8,000 Lose of 1861, July 6 per crept, 61,652,000 Loos of 1861, Feb .6 per pout 18,415,000 Leans of 1868-60 6 per cent 27,022,000 Loins of 1847-48 6 per cent 18,323,000 Loon of 1850 6 per cent 3,415 4 000 (Oregon Loan, 1861 6 per Celli 1,016,000 Tafel Annual interest in geld, , *A 6 per *ea. Stuck after 28134 This interest charge upon the same amount ef funded debt will be reduced the next fiscal year, in the sum of $1,798,524, by the conver sion of the 730 per cent. of 1864, in August and October, into the 6 per cents of 1881, leaving the interest charge upon the same K 4065,000 only 645,937,126, for the next fiscal year, when under the increased rates of customs 'Judea now imm.e4iately contemplated by Congress, the gold revenues, on the same volume of grass imports tion as in 1.864, will be raised to 8110,000,000 or 6115,0D0,000. Nile York Observer. TAE ;N WS, AVAstmicapla, • April SO, Pa54.--liessrs. Wade and Gowsl,t, who were deputed to visit Fort Billow sod in'yestigate the aiteag. / id Atrocities coultoittul ppou our troops by the - Rebels after their surrender, returned to Wash ington to-day. They took sonic fifty disposi tions of officers and men who was present,, many of whom are. in hospitals suffering from. their wounds. The committee have abundant evi dence to show that all the statements IN.reto fore made of inhumanities 4nd frightful aAroci ties axe. more thA l n i tro,e. It is proven that after the suraender, men, women and children,, all colored, were shot, bayoneted and burnedt. It appears from the. eviidtence that the ma,ssacre I was premeditated, orders to that effect having been given to the sadierst The committee visited several poor eseatures in the hospitals, seine with their eyes. punched out,, an,dl others djsfigtwed in various Wae. . Tim committee do nal attach any bltaine to the officers commanding the department, be , ea.use of the weakness of this fort. The.troops had some. time befbre withdrawn by an, order iiroin General Sherman, as they were. *ceded at other points. Tito fort had been left in pos session of two officers, Major Brooks antlßooth, • who were using it as a department fcg.recruits, both colored and white. The committee will complete their Ne.port in the course of two o' three days,, when. it will immediately be laid befoxo Congress. In the m,eantitue the President has the mattett under serious coo,sideration tiespeeting the. mode or retaliation to be adoliied. Tie And& himself much imbarrassed to, know how to, treat this, troublesome questiaa. From the Axv4 of the Potomac. Head. ..paters Away of the Potonme, 3.1 v 2.—General Orders :No 23. The Command ing Geueral has leaned that, notwithstanding the caution contained in General Order No. 22,0 f April 25th, 1.861, from, these head, quatters, there are men in the artily who re fuse to do duty, on the ground that their term of service has expired j will be made kuown to such men that their conduct; being open mutiny, will be punished with death, without trial, unless they promptly returc to duty and hereafter any soldier who refuse to do duty on any similar plea, will be shot, without any trial whatever. The honor of the service and the necessities of the hour admit no other disposition of such cases. The. Commanding General expresses the, hope that the soldiers of this army will respect fully ask, for, tlnd cheerfully abide by the de cisions of the War Department with respect to their term of service, but he has no further word of warning for those who at a time like the present, choose to defy authority. Corps and other independent Couimanders arc charged with the execution of this order. By command of Major-General Mende. (Signed) S. WAtjaAsts, A. A. Q. Skirmish at Madisou Court House aid Destruction of the TQWLI. WAstipiGToN, May 2,186.4.-..--The expedi• tion which was sent out last week And destroy ed Madison Court House met no itebels till about a half mile from that ton,. A slight skirmish then took place in which the rebels lost five men and the Hulett soldiers pout. The enemy then retreats 4 to the court house, The Skip has the IWiewing further particu lars : • The rebels suddenly disappeared, but on our forces entering the town they received a volley of musketry from the windows of the houses and they were for p time compelled to withdraw. The officers in command of the reconnoitering party ordered another advance when again a destructive fire was opened upon them from the houses and there being no other way of smoking the rebels out orders were issued that the town should be fired. The torch was applied to a number of houses af fording cover for the enemy, whereupon the latter hastily decamped leaving our forces in full possession of the place. The' flames, however, spread very rapidly, and there being no means at hand whereby the fire could be checked, a general conflagration was the result, and in a short time almost the entire town was in ashes. The act was cer tainly not. a wanton one on the part of the Union officers, but was rendered necessary by the dastardly act of the rebels, who used the houses as a shelter foe the purpose of slaugh tering our troops. The cavalry expedition 'sent out from Vienna on Thursday last, under the command of Col. Lowell returned to that place yesterday, after having visited Leesburg, Itectorville and Up perville. Near the latter place u portion of Mosby's guerrilla band was encountered when a sharp fight ensued, which resulted in the capture of twenty-three prisoners. Col. Lo well lost three men killed anti four wounded. He returned in safety to Vientm with the pri soners captured frotu s.loseby aml three block ade runners and twenty five horses. A large quantity of wool, tobacco and (AK contraband goods picked up on the route. -$768,965,000 . 47,735,00 Meade s Army Across the gapidan. WASHINGTON, May s.—The Eittional Re .publican has the following out iu Act extra:— 2 r: w—lfe WI authorized' po .state, since it cannot afford information to l3P,enemy, that tli e' Arinrof the Potomac has Advanced to wards Richmond, and the stri4gfc for the pos session of the Itebel Capital is begun. I 1-I.E PILOT:--GH ~L'NCASTI,F., FRANKLIN CO., PA., MAY 10, 18(34 (Jur army moved on 'Tuesday. uight, and has; now crossed the Rapidan. The. crossing was made. at, Jacobs, Culpeper, C:er.mania and United', States Fords, and was eiktetect without serioiKopposition. Lee. '..tas been compelled to, fall back from the strong position where he has held us at bay a,lt winter. Whether he vii 4 make a stand this side of Richtond we are. net advised. It is the. opinion of• some that he, will fight at Chaneellorville. Every hour tnq t y now bring. ua news of a battler, but we are. inclined to the. belief that it will 1)e a foot race to Richmond. The Rebels wilt undoubtedly be flanked. and invested, shonld Lee's army occupy its defenses, and the couAtry may reasonably hope takt..l, this time Richmond will fall. o f Address of Genera' Meade. Head-quarters Army of the. Potomac, May 4, 180—Soldiers !t--Again you, arc called upon to, advance on th,o. enemies of your country. The. time and the occasion are. deemed oppor tune by your Commanding. General to address you a few words of confidence and caution.--_. Yoe !save been reoganized, strengthened and fully equipped in every respee4. You form a pass of the several armies of your country—: the. viltole under a 4 able and distinguished General, who enjoys the con,fidence of the_ Government, the people and the army. Your movement being in co-operation with others, it is of the utmost importance that no effort should be spared to make it successfel. " Soldiers! The eyes of the whole country are are looking with anxious hope to the blow you are about to strike in the most sacred cause that over called men to arms. Bemetuber your homes, your wives and children ; aed bear in mind that the soonor your. enemies are over come, the sooner you will lae returned to en. joy the benefits and blessing of peace. Bear with patience the hardships and the sacrifices you will be called upon to aedure. Have con fidence in your officers and in each other. "Keep your ranks on the. march and oe, the battlefield, And let each van earnestly implore God's blessing, and endeavor by his tho,ughts and actions to reader himself worthy of the fov.av he seeks. With clear consoienc,o, and strong arms, actuated by a ltt,O, sense of. duty, lighting to preseeve the Gavernteent sea the institutions headed down to, us by aul..'fore fathers, if true to ou,rsel,ye.g, victory, under God's blessing, must and wAllettend our efforts. "Gxo. G. :MEADE, .-Clop. Voiemand'g. "S. WILL - EA:vs, Ass% Adj.-General. The War in North Carolina. NORFOLK, VA., May 4,1864.—The &lump i er Louisa Moore arrived at Fortress Monroe at uoou to-day, bringing about twenty persons as Tofugees, who left their homes at Little Wash. ington, North Carolina, when that place was evacuated last week by our forces. From them we learn that the moving away of troops was eornmenced on Tuesday last, and the evicua tion was not fully completed until Stourday noon About this time a fire broke out in some of the large storehouses on the wharves. A high wind provniling at the time, it communicated to other buildings, and soon the whole city was wrapped in flames. The houses were nearly all constricted of wood, and being very inflatn triable, it is supposed that hardly one remains standing to mark the site of the once beautiful town. The statements regarding the origin of the fire are conflicting. Some assert that the crew of the gunboat Louisiana applied the torah to prevent the Rebels from coming to, aid others say that some of the advance of the Rebels did tha work as they approached the place, thirteen hundred strong, under Colonel Kennedy, aboucan hour after the last body of troops had left. All the Commissary stores, ammunition, &c.,,were safely removed bofure the evacuation. guerrilla Attack on the Baltirnore find Ohio Railroad. CUMBERTAND, Nn., May 5.—A party of sixty guerrillas, commanded by the notorious Capt. M‘Neil, came in on Piedmont at 7 o'clock and captured 35 horses and destroyed the ma chine shop and all the railroad property.— They then went to Bloomington and captured the passenger train coming cast and a freight train. They burned both trains and thcir contents, except the passengers' baggage.— About 100 unarmed soldiers were on the train who were paroled. The passenger train which left Baltimore last. night stopped at New Creek, But, little damage was dope the railroad-track and the telegraph line. The trains will be all right to-morrow. TTB LATEST. Con last Wednesday the Army of the Foto mac crossed the Rapidan, On" Thursday there .ygs hard fighting on a plain beyond the old Chancellorville Wilderness. That night the right dank of Mnade's artily rested on Gerniania Vord and the left on Chancellorville. On- Viiday it was e i Tpected, when the Tribwie cor respondent left, that a general attack woilld be made which, must have been done jadgifig from the tenor pf a dispatch said to be ofrial, which passcdtwer -the wires yesterday (Sun. tla.y) WAsnit4.o44N , Nay '8;1864,' o'clqck,.T. , Gorpmineuf ia in receipt Pf an pifieial dispatch that left the Army o 11 o'clock, I'. M. to the effect that. General Grant had hurled his ent4,e Army agai:Lit the Rebels Lee was drive 4, WO; three wiles, lea,ving 3000 killed, and, Ili(),Q00 woundo on the field. Lee is in full rewat and Grant, in hot pursuit. Gen. Butler is ::.;ported to, be Kithtn six iniks. of llielinion4, Ime. not had the. particular, yet, nor will we,. h‘e lately to know much about the bat tle fml.q, 4ay or two; but Ife know enough to be sagAad that it has bean the greatest strug gle of, ;he war; the two most powerful armies, the owl of the North and t4p.otherof,f t he South,. battling the one for Virg4ip, Op, other to re tain 1:1!e issue has. been, bolAly met by both Wes, :4)4 the cause. of iii4,t apd justice is the xietor. God has seen 44 last, to per mit a. death blow to be given V.s t e unholy re bellion, While we eamipt be t ( to grateful to. the greatest warrior of tike age, for his plans,, and to, the soldiers for tlwir sk z i4ful and sue cessf4,l e_lecution of themp we in i nAt not forget, that the Nalse belongs to cod. ==l A LATTEIk FROM THE 41MY CAMP 55w Avi v PA. YOU., YORKTOWN, Va., April 26A 1864. Friend Pilot:—Siuce my.laatl t etter the 10th Army Corps has bean moved 4"r0% the " Depart ment South' to the, "Army of the Potomac." Orderg were, received at 5 o'cl i ock, P. M., on the 12th, to strike tents, cee,k three days ra tions awl, he in readkepsa to,me,rch at 9 o'clock, A. M on the followi t eg morej,ng; everything was in readiness in a few 11%1,11,14 we di,d not wait until morning but broke. \lto map :mid marched to the whqf ut 11 o'clpek, r. m., all, expecting to be offered to Jkoksonville but to our great swprise we embarked on the U. S. Transport "Iyorth Skg," a very large and well, fitted up passenger iota, with, orders to report to General Butler at Fortress Monroe. lye lay in anchor in Po,o Royal, Varbor, until 12 o'clock, m, on the 14th, when we took the schooner "3.4 f ssee" in taw with a battery of the Ist U. S. Artillery on, board, and set sail with a Atte wind and smooth sea. All the men were in fine spirit, but on the following morning the sea was changed from that at a lively throng to a dullness,, caused by sea sick ness and a rough sea. Rations , were short nod in great demand en board, :end every one bailed with j i ey the sight of 1%4 After.% sail o 4 three days we arrived in gagipton Vioads en the 17th, where we lay at anchor a few hours when we were ordered to sail. We galled up York River thirty eight miles, when we drop ped anchor in front of Yorktown. Tiie ment then disembarked and marched holf a mile s where we put op for the night. It was not long until the men who were not wo detail had turned in, and taking, their much needed rest. The next morning the camp was fitted up, and then all the tatio who were not too much fatigued set down to let their friends at home know of the ellauge. 141 the while troops are leaving the DeFartutent of the South and are being replaced by colored troops, and the impression is that hereafter the colored troops will he sent to the south and the white troop,s will he kept in a northern climate. Troops are arriving here daily, and now there is alieut forty thousand wen here, and I thiok the number will be swelled to one hundred thousand men before the army will advariee fat. We will not have le advance far uotii we come in contact with the rebels, for they arc intrenched only seven wiles from our Deserters are arriving within our lines OVOTY day. They report some dissatisfaction in their army on account of short rations and bad cloth ing. They say their Generals are trying to quiet the murmurs of the army by promiging to carry the war iuto pe q nsylvania this spring, but they got too niqah ikreade at Gettysburg and this time they wight get a Gill-niore, (Q. A.) Guerrillas are in:the wends a few miles Iran our camp, and every few days some of onr troops fall the victiwa of that band. 4 few days ago a squad of top men were seqt got to the woods, to cut weocl, and when they were engaged they were surprised by a party ;wipe their number, and before they could gaiti pos session of their firma they received a volley ffem the enemy which disabled several of the party, and the rest were captured and carried away. As soon as the news came to the knowledge of General Gillinore venting party was sent ip search of them :to .try to recapture our pep and their captors, hat the party had tiuc. ceedcd in making their escape and nothing more has been heard of them up to this tip:ie. Shelter Ands are Wag issued to the army here, and all the surplus clothing has been turned in to the Pivipien Quartermaster, and this porting of the army is well fitted -got Fp] are ready the work which is evidently be fore theta. The army is in good spirit and will March forward with the determination to do their share in crushing the den of:traitors which has long wilitliatoed the attacks` of our army. P. S. All the , priecpca ; tle boys arp: line and in li spirits. V SING- EVENT, LEA - zpfin and shoe riodings at K UNKLI'S CALL And examine cheap Booto Shoo, ..!sc.. before pqrSibak.i4i:qb.-,eqbere --- Prof. M•CLtros met with a very 4p.t!pripg xceceis in the Concerts held in Waynesboro' ht Cheaper than the Crieapest.—A rielf aua ply of Buts and Caps just received at Ax apaociation has just been organized in M'c on _ nellalturg, for i4st.purpose of aiOng the Grest tral Fair to 4.4Rlti; in Philadelßhja in .Inn nest.. Plantinfi cqrn.—Judgirii front the liolleese and, quiet of the town for r . ,,tveqit or two past we cotAN ‘ ded thAt the farmers we,liay, iVentingserc - - - 11.k . pw Contract.—S44.4mox of cersburg, has been awarded the conpiam ffir, carry. ing the mail between Meriersburg Ino at 89.; a year. So says the,. ourna4. 54111, P. V.-A letter fTwitt our corrte4andent, coucer i uing the sfitli t 4,egiamikt I'. V., is'A hu f ou ,, d elsmlisre in to-40-'44.31r. , Nearly 11 ) 1 . the 10th Army Corps, are now nAlt Yorktown, DAtr.r Papers and pviiq.dicals are r,kl i gularly re, eeiT . od and sold by FlTTporr, at his Book Store, near the Public Squars, The daily parr business: is Aisgontinued by . tbs,Vegmaster. Fdey poot anti sketch wri ter (tied last tleq l / 2. iq, Baltimore. At the time e'r t his death he held , a cleckakig.in the Q4artermastre; department in that city. 144 had in . h l ia day writteu it mat doal for tke Rrcs.s. THE ROHS are, informed that t i tE, new Shoe, Stores h,axe been, recently started hps, one on Ettek Baltimore. areal :by JOHX Gmrz, an i di tbe other o% West Baltimore street by SAXES'. 1414XILL, Let the people be shod. Sourghunl.—C. D. lataHilt, of Antrirs„ township, has just issued a circular on, the 'Cul, turn of Sugar Cape," containing some stainable in, stryctioms to those %lout commencing this business. Manx c .s. pin. &men:4 intend making the o:perinea; this year of cultivating the sugar cane. Mr. L. is erectly a Mill \stip, all the necesisx appliances, for expressing the, juice, making Syrri„ COir.iiiitteatk—The foilowtring named perion4 have been appointed, by toe Executiv# Committef, in thie neigyitoAthood for tihn respective departments, named: Lectures, Orations, Jetts Rows, Produce,=At F. SCAATIART, Esq., iltoptl, Horticultural, cke.,--Nliss M. E. CARL. Other appoint nients have probably been mad,. which we will take pleasure in publishing nex; week if the names are handed to us. A cireulfq. publ i s44 elsewhere in this paper, Wilk captain tbi% object, Mergersburg Classes —This 111!elesiastiesi body met. in Waynssbgryq.'• tni% last Friday, and ik still in session, vve believe. The Record says: " The last time this body assembled in this pAsp, was in the Year 1853, eleven years ago. The goo.. graphical boundary of this Classis includes die counties of Franklin, Bedford, Huutinton, FOR and Blair. It represemts twenty-one psatottd Charges, with a membership of over live thousesd. It is composed pf thirtz-five ministers, and delete : ted Elden from each pastoral charge, though dist} are not usually more tlkou from 40 to 50 monikers in attendance upon its eyanual sessions." Unttpd States Salgtary Ogamissiorh — : Pu 11.... AGENCY, No. 1323 Chestnut St., I . March 15, 1864. The undersigned, members of the Executive Cosi mittse of the Groat Central fair for the Sanitarx Cotantission, beg to invite the co-operation cc all their fellow-citizens, especially of those resident in Pennsylvania, Delaware. apt} New Jersay, imliartant enterprise. 4is proposed In held 1,61 Fair in Philadelphia, in tile First Weak in June next, and it is confidently expected that the may, butions, coining from a population so benenistit and patriotic as that ter a inhabits the Central States, and representing the most important I,[ol ttried branches of industry and art, will asap a result in aid 44 the, funds of the Commisaioa, alloy for the benefit. rif tits Spiffier, at least equal tp that which has attantietl sitailar undertakings in other cities. L. is not npututsarx tp say a word to stimn lste Nil ( Ito SPMi?"- w€ Pilwaltp the, people in the iaterast of no party, _Radical or. Om-. servative, Itepithlipan or I c trmocratic, Admittistra - , lion or n!iii-Ailmiaistra!ion, l o ow only tbi4,- - , that to sent] p,nr National sol4iers, in the fe,i4 plies to supOpinput. those Govern pent tulpr.take. s tct give them, hnt ithiph they sometimes fail to recelYil and taqs to rrffipre them when sick anti in O er Yl is a work of Viiristian charity, and that it i 4 q work of intelligent patriotism also, as economizing their life, health, and plliciency, on which, under Godt the nation ffitpand in this its time of trouble. We thereNT.9 gsk every clergyman 19 aehfiliTic 2 this humane imertakip g to his peopic q ftliti to 1"1' 'lee them Jet cht what they can to, furthpr it. iv° ask the press , to giyeit file wise publicity and the most earnest eneonragement. We call on every, workshop, factory anti mill for a specim9n, of tht‘ best thing it salt knrn out; on every artist, great, and small, for ne of his creations; on gll loyal Women, fpr the mrpise of their taste and industry' fi9 farmers, fof the produets of their fields and dairies. ,The miner, the naturalist, the man of. apince, the traveler, can each send something that c 9.14 at the very least be converted into a blanket timt, will warm ? and may save from death,. some one sqldier whom Government supplies have failed to, reeeh. Every onp who can produce an l yili i ing that has money value is invited to give a sumple of his best Rork as an offering to the cap of nntionsl. unity. Every workingman, meplianip, or faStoa r l wh nßill 14 18 4 a Pail' of ailf)(1 raise o barr el aP)I4O is called on to centribute something caningne,d, into nionay„ and again from fl l O l ioto_the means .i 9f evonomizing the health ae and} life of our Natgnal soldieq. that