It is getting to be the general belief among men capable of reflection, that no jugglery can save the Confederate States currency. As well might one lift himself from the earth by seizing his feet, as to legislate a remedy. Whatever scheme may be devised to increase the value of the Confederate States paper money, the obligor is the same. For the redemption of the currency (now worth about five cents in specie to the dollar), every citizen, and every description of property, has been pledged; and as the same citizens and the same property must be pledged for the redemption of any newly created currency, there is no reason to suppose it would not likewise run the same career of depreciation. Nor can bonds be worth more than notes. Success in the field, only, can appreciate either; for none will or can be paid, if we fail to achieve independence.
The weather, this afternoon, is warm, calm, and clear; but the roads are too soft for military operations.
I am reading the Memoirs of Bishop Doane, by his son, Rev. William Croswell Doane. He was the great bishop truly; and his son proves an admirable biographer. I knew the bishop personally, and much of his personal history; and hence this work is to me, and must be to many others, very interesting. The coming year is to be an eventful one. We shall be able (I hope) to put 400,000 effective men in the field; and these, well handled, might resist a million of assailants from without. We have the center, they the circumference; let them beware of 1864—when the United States shall find herself in the throes of an embittered Presidential contest!
December 14th.—We have President Lincoln’s message to-day, and his proclamation of amnesty to all who take an oath of allegiance, etc., and advocate emancipation. There are some whom he exempts, of course. It is regarded here as an electioneering document, to procure a renomination for the Presidency in the radical Abolition Convention to assemble in a few months. But it will add 100,000 men to our armies; and next year will be the bloody year.
Congress spent much of the day in secret session.
A Baltimorean, last week, seeing a steamer there loading with goods of various kinds for the Federal prisoners here, bought a box of merchandise for $300, and put it on board, marked as if it contained stores for the prisoners. He ran the blockade so as to meet the steamer here; and obtained his box, worth, perhaps, $15,000. But all this is forbidden hereafter.
December 15th.—Bright, beautiful day—but, alas! the news continues dark. Two companies of cavalry were surprised and taken on the Peninsula day before yesterday; and there are rumors of disaster in Western Virginia.
Foote still keeps up a fire on the President in the House; but he is not well seconded by the rest of the members, and it is probable the President will regain his control. It is thought, however, the cabinet will go by the board.
December 16th.—The Examiner to-day discovers that if the President’s project of enrolling all men, and detailing for civil pursuits such as the Executive may designate, be adopted, that he will then be constituted a Dictator—the best thing, possibly, that could happen in the opinion of many; though the Examiner don’t think so. It is probable the President will have what he wants.
Per contra, the proposition of Senator Johnson, of Arkansas, requiring members of the cabinet to be renominated at the expiration of every two years, if passed, would be a virtual seizure of Executive powers by that body. But it won’t pass.