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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
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