The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1860-11-21

Tho Troublc. ,.
II is needless to inform our readers tina
monetary affairs arc all knocked into ri
The prices that are offered for grain and
other produce, the rates Of exchange, tn,
general alarm expressed in every business
mans face, tells the story louder than words
rlettcrs can. We might write a column
or two explaining the cause of it. but VIC
shall do no such thing. The real cause !,
s'ont cf oe.fdsnos, brought about, doubt.
less, by the prospect Of separation Of the
States Of this Union, this prospect beins
the consequence Of the election of Abraham
Lincoln to the Presidency. We do no,
think that the mere election Of Mr.. Lincoln
should have produced all this mischief bu,
the party that backed him the strongest arc
those known to be hostile to anything Of
Southern Characterize Lovejoys, the
Wades, the Summers, the Stewards, and
their fanatical small camp-followers. Con.
servatism among Republicans has been
silenccd BY the louder guns Of Schurz and
Lovejoy, and the South may well feel alarm.
ed at the prospect of having their domestic
affairs managed and tempered with BY an
Administration ruled by such ''irrepressi-
blc' elements. 1t is no joking matter, this
depression in prices and ruin of our friends.
It is very solemn state of affairs and it
teaches, in terms unmistakcable, that fif.
tee States Of this Union with four thousand
m'llio" Of dollars in slave property, with
two hundred and fifty millions of State
Bonds scattered throughout the North as
the basis Of our banking capital, with a pro-
ductivo interest in cotton, tobacco, hemp and
sugar equal to two hundred millions of ex.
ports, with reputation of - millions of
whites all claiming birth-right under our
glorious constitution -this panic, we say,
teaches that all these interests, and these
brave, proud, Southern brethren Of ours
cannot be run over and DESTROYED by crazy
revolutionists of Europe aided by the negro
mad fanatics of New England, without caus-
ing sensation which will bring the great
model Republic to the dust and involve all
her citizens in one common financial ruin.
The business of the United States is done
almost exclusively on credit. Her money
basis is balloon made up Of paper from
nearly all the States, and he who punctures
that balloon by interfering with the rights
or the interests of one of the States, or Sec
ton of them, let's the gas out and we all
come down together. That's all there is
of it.
We fear the end is not yet in view. We
know of losses here at McGregor that arc
lamentable to contemplate. They fall on
our best business men too, and they are at.
tributable to the folly Of suppcsing that one
half of the States would be dictated to by the
stronger portion. Bad advisers have done
1t all. The people were warned in time, but
they needed not. We have no reproachcs
for them. Their own reflections are pun
ishment sufficient With the best Govern
ment on earth, with crops uneq' allied, prices
fair, confidence general, and Union Flag
floating proudly in every sea, We were not
content. We listened to trans Atlantic
tinkers and insane brawlers for equality"
and "higher laws" and here zoe are.
await hopefully measure Of coxpRo-
MISE that will heal our dissensions and pre-
serve this Union as beacon light of Liberty
for all nations.