NOVEMBER 5th.—The President has not yet returned, but was inspecting the defenses of Charleston. The Legislature has adjourned without fixing a maximum of prices. Every night troops from Lee’s army are passing through the city. Probably they have been ordered to Bragg.
Yesterday flour sold at auction at $100 per barrel; to-day it sells for $120! There are 40,000 bushels of sweet potatoes, taken by the government as tithes, rotting at the depots between Richmond and Wilmington. If the government would wake up, and have them brought hither and sold, the people would be relieved, and flour and meal would decline in price. But a lethargy has seized upon the government, and no one may foretell the consequences of official supineness.
The enemy at Chattanooga have got an advantageous position on Bragg’s left, and there is much apprehension that our army will lose the ground gained by the late victory.
The Commissary-General (Northrop) has sent in his estimate for the ensuing year, $210,000,000, of which $50,000,000 is for sugar, exclusively for the hospitals. It no longer forms part of the rations. He estimates for 400,000 men, and takes no account of the tithes, or tax in kind, nor is it apparent that he estimates for the army beyond the Mississippi.
A communication was received to-day from Gen. Meredith, the Federal Commissioner of Exchange, inclosing a letter from Gov. Todd and Gen. Mason, as well as copies of letters from some of Morgan’s officers, stating that the heads of Morgan and his men are not shaved, and that they are well fed and comfortable.