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The Daily Dispatch: January 14, 1862., [Electronic resource], Contributions for the Alexandria Volunteers. (search)
Northern financial Crisis. A correspondent from Norfolk, who has the opportunity of reading the Northern papers, writes as follows: "The financial crisis in the North is increasing. There will be a break down soon that will throw the great "Mississippi bubble' in the shade. The banks of New York have a capital (total 54 banks in the city) of $69,493,577. They have loaned the Government $72,500,000. Thus you will see the New York banks have loaned the Government $3,006,423 more than their capital. No wonder a crisis is imminent! In the Legislature at Harrisburg, Penn., there was a caucus in which forty-seven Democrats refused to go with the Government. There were only seven Union Democrats. Mr. Gallat in boldly charges Secretary Chase with fraud and a violation of obligation with regard to finance. Go on fighting, Oh Yankees Wonderful people! What a pack of Kilkenny cats.'"
The Daily Dispatch: January 14, 1862., [Electronic resource], Latest European, news (search)
avy Pre-Ara of England. what the "Times" Thinks of Secretary Chase's financial report. By the arrival of the Bohemidditional, 100-pounder Armstrongs will be added. Secretary Chase's Gigantic financial scheme.[from the London times, De utmost ought to aid these people to see their position. Mr. Chase, as a prudent, or rather a zealous, Secretary of the Treaty well for a three years war. Yet, if we were to examine Mr. Chase's figures very closely, we should find the estimate of exts is to double his advances. For the first time, Secretary Chase gives us a glimpse as to what this security is. Of coutional security means the national patience of taxation. Mr. Chase is about to make the great experiment whether any such seis but a fifth of what we raise by the same tax; but when Mr. Chase has obtained his £3,000,000 we shall have a faith in his luntarily paid into the exchequer. If this should be so, Mr Chase will get some fourteen millions towards his expenditure o