MARCH 19th.—Snowing. It is estimated that we lost 250 men, killed, wounded, and taken, in the fight on the Rappahannock; the enemy’s loss is not known, but certainly was heavy, since they were defeated, and fled back, hotly pursued.
Confederate money still depreciates, in spite of the funding act. Some of the brokers are demanding ten dollars Confederate notes for one in gold! That is bad, and it may be worse.
The enemy are advancing from Corinth, and there are not sufficient troops to resist them. Gen. Johnston says if men are taken from Bragg, his army may be destroyed; and none can be ordered from Mobile, where there are only 2500 for land defense.