The effect of the news in Wall street.
Force standing the efforts of the Yankee Bless
off upon the people the tibal of McClellan
as a masterly strategic movement Wall street is a little credulous, and on the there was a rise in the price of gold to stated and a quarter premium, and of foreign exchange to one hundred and twenty-two and a half.
Sonnell attributes this rise to the late disasters in Virginia
and adds that it is now evident that this war must last at least another year.
So that Mr. Sew
act shope of impressing the rebellion in ninety days is not shared by Bennett
and the Wall
further says that foreign "mediation, and perhaps intervention, are imminent, and that still war expenses must now be urred, and predicts that if ‘"this war should continue two states longer gold will be at twenty or twenty-five per cent premium."’ From this admission it may be inferred that the fullest confidence is not felt in the new Government currency.
‘"Those who caused the Virginia
disasters have caused the therefore, "’ concludes the to rest upon the Confederacy
and soldiers for they were unquestioned the cause of the Virginia
disasters to the at arms.