arleston for heavy guns have been incessant!

Col. Preston, Chief of the Bureau of Conscription, sent in a long
communication to-day, asking for enlarged powers and exclusive
jurisdiction in the conscription business, and then, he says, he will
have all the conscripts (not exempted) in the army in six months. But
more are exempted than conscribed!

Robert Tyler publishes a long and hopeful letter on our finances.

If Mr. Memminger read and approved the manuscript, it is well; but if
not, _good-by_, my friend! It is well done, however, even though
_aspiring_. But it is incredible there should be no more Treasury notes
in circulation--and no more indebtedness.

AUGUST 20TH.--A few weeks ago Gen. Cooper wrote to Bragg, suggesting
that he advance into Middle Tennessee, reinforced by Gen. Johnston, and
attack Rosecrans; Gen. Bragg replied (8th inst.) that with all the
reinforcements he could get from Johnston, he would not have more than
40,000 effective men, while Rosecrans has 60,000, and will be reinforced
by Burnside with 30,000 more--making 90,000 against 40,000--and as a
true patriot he was opposed to throwing away our armies in enterprises
sure to terminate disastrously. He said, moreover, that the enemy could
starve him out, if he were to advance to the place designated, and thus
destroy his army without a battle. Gen. Cooper sent this response to the
President, asking if Bragg should not be _ordered_ to fight under such
circumstances. But the President paused, in following the guidance of
this Northern man at the head of all our Southern generals--and to-day
sent back the paper indorsed that "only a suggestion could be given to a
commanding general to fight a battle; but to order him to fight when he
predicted a failure in advance, would be unwise."

A paper from Beauregard intimates that even if batteries Wagner and
Gregg should be taken by the enemy, he has constructed another which
will render that part of Morris Island untenable. But he relied upon
holding Sumter; and there is a vague rumor to-day that Sumter must
surrender--if indeed it has not already been reduced.

Hon Wm. Porcher Miles writes another most urgent letter, demanding
reinforcements of seasoned troops. He says Charleston was stripped of
troops against the remonstrances of Beauregard to send to
Mississippi--to no avail--which invited this attack; and now he asks
that Jenkins's brigade of South Carolinians be sent to the defense; that
South C