Mr. Seward to Mr. Pike.

No. 41.]

Sir: Your despatch of February 26 (No. 38) has been received. I think we have reason to be satisfied with our fiscal system. Gold fluctuates between one per cent, and one and a half per cent, premium, and as yet the tariff and tax bills have not become laws.

The favorable progress of our arms still continues, and the heart of the country is sound.

I am, sir, your obedient servant,


James S. Pike, Esq., &c, &c.,&c.