“Giving the sinews of war to your enemies has ever been considered treason.”—Kent.

Now for “repudiating.” We have never, nor do we ever expect to repudiate any debt owing by our firm. But this much we will say, never will we pay a debt due by us to a man, or any company of men, who is a known Black Republican, and marching in battle array to invade our homes and firesides, until every such person shall be driven back and their polluted footsteps shall, now on our once happy soil, be entirely obliterated.

We have been in business in this city for twenty years, have passed through every crisis with our names untarnished or credit impaired, and would at present sacrifice all we have made, were it necessary, to sustain our credit in the Confederacy, but care nothing for the opinions of such as are open and avowed enemies. We are sufficiently known in this city not to require the indorsement of The Cincinnati Gazette, or any such sheet, for a character.

The day is coming, and not far distant, when there will be an awful reckoning, and we are willing and determined to stand by our Confederate flag, sink or swim, and would like to meet some of The Gazette’s editors vis-à-vis on the field of blood, and see who would be the first to flinch.

Our senior partner has already contributed one darkey this year to your population, and she is anxious to return, but we have a few more left which you can have, provided you will come and take them yourselves.

We have said more than we intended, and hope you will give this a place in your paper.

GOODRICH & CO.

There is some little soreness felt here about the use of the word “repudiation,” and it will do the hearts of some people good, and will carry comfort to the ghost of the Rev. Sydney Smith, if it can hear the tidings, to know I have been assured, over and over again, by eminent mercantile people and statesmen, that there is a “general desire” on the part of the repudiating states to pay their bonds, and that no doubt, at some future period, not very clearly ascertainable or plainly indicated, that general desire will cause some active steps to be taken to satisfy its intensity, of a character very unexpected, and very gratifying to those interested. The tariff of the Southern Confederation has just been promulgated, and I send herewith a copy of the rates. Simultaneously, however, with this document, the United States steam-frigates Brooklyn and Niagara have made their appearance off the Pass à l’Outre, and the Mississippi is closed, and with it the port of New Orleans. The steam-tugs refuse to tow out vessels for fear of capture, and British ships are in jeopardy.

May 25.—A visit to the camp at Tangipao, about fifty miles from New Orleans, gave an occasion for obtaining a clearer view of the internal military condition of those forces of which one reads much and sees so little than any other way. Major-General Lewis of the State Militia, and staff, and General Labuzan, a Creole officer, attended by Major Ranney, President of the New Orleans, Jackson, and Great Northern Railway, and by many officers in uniform, started with that purpose at half-past four this evening in a railway carriage, carefully and comfortably fitted for their reception. The militia of Louisiana has not been called out for many years, and its officers have no military experience and the men have no drill or discipline.

Emerging from the swampy suburbs, we soon pass between white clover pastures, which we are told invariably salivate the herds of small but plump cattle browsing upon them. Soon cornfields “in tassel,” alternate with long narrow rows of growing sugar-cane, which, though scarcely a fourth of the height of the maize, will soon overshadow it; and the cane-stalks grow up so densely together that nothing larger than a rattlesnake can pass between them.