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The Daily Dispatch: March 4, 1862., [Electronic resource], From the North. (search)
113. There is a general belief that we shall have cotton bills in market before very long. An other victory or two will satisfy the reasonable people at the South that the struggle is hopeless, and they will decide that on the whole it is better to sell than to burn their cotton. Letter from the West speak confidently of all present of both cotton and tobacco from Tennessee to Cairo and Cincinnati in the course of the month of March. The following is from Washington: Secretary Chase says that the actual payments from the Treasury average a million and a half of dollars per day, and yet the arrearages have largely accumulated causing serious trouble and distress, and the immediate payments of the latter class is urgently required. The unsatisfied requisitions of the several departments amount to $26,000,000, and the floating debt now exceeds $40,000,000. In this condition of the financial affairs of the United States, he requests that certificates of debt be issued