The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-05-11


The safety of Cairo is matter Of about much public
interest with us as any other event Of the likely
70 be. We expect that our volunteers will be
stationed there, with the troops Of Illinois and
Indiana. No greater annoyance can afct the rebels
down the river than strong military post at Cairo. 1t
commands the entire OF the lower Mississippi
IT has already cut of the shipments Sonth-whch daily
took place before-o powder arms provisions and other
stores Of but that game is now blocked Rumors ave rf
Of an attack upon it by Memphis and yicsburg people
but VII be bard fight for them 70 do much damage
1t needs first class commander al that pont-a Of
energy, ingenuity, COED taccian, and accomplished
soldier every way. Any common "plug will not do
A 1rst-csss man Is baely needed.
The disordered condition Of Western currency is TO u.s.
the most serious result Of the Southern stocks
which were deposited with the State security for the
redemption OF the bank notes. at about half the
value they were when bills issued them OF the
class Of banks thus secured about forty worthless
cet az TO the value OF the stocks when they wound
These were wild ca banks the Irresponsible
their place Of business napproachabe an all tina.
be done s to wind them up and clear the trash out We
have still seventy banks that solvent they owned
by responsible parties the securities good now
for about eighty per cent Of their ISSUE aud they remain
good But their Circulation Ia not large the forty banks
that dscreded having about ane circulation as
those that are good The Legislature before Adjourned
payment till December next. Then the amendments TO
our banking law go into effect by which ia anticipated
mat our currency viii be as good as that OF Ohio with
the difference Of exchange Under the arrangement
every bank doing business will have 10 provide for
deempg its Issue at fixed rate say one half per cent
discount, at Milwaukee and Madison, (the captaD This
will put stop to locating banks IN the lake Superior
woods and in the Green Bay white fish settlements TO
into somethiI valuable, is half years journey
we have the coolest, wettest most gloomy spring
seen in years. 1t IS the 7th Of May, ana
but few gardens made tho wheat is barely
sowed; no corn planted, of the spring crops in
Still vast amount Of wheat has been Last year
crop enormous, but prices low This year
war prices are expected aud every body has in
portion With fair harvest shall have yield OF
33 CoeO00 bushes OF wheat this year. We bold over
about 600 bushels OF last years crop Prices range
at about "a cents on the lake shre aud IS cents to s.
cents the interior We do not fear that the cold spring
will prove destructive 10 the crops Our warm short
summer brings along the grain with great rapdty, and
good weather in July and August is all we ask
da,e events Of the war is the disposition OF the people
to whtn and how 1t shsll end Each Gay the sentiment
OF thorough hat cd TO the corsprators Increasing We
think that 1t extends to the people OF the South
But ii Is almost impossible TO describe the feeling Of utter
detestaon de the Southern leaders Tho feeling
towards Benedict Arnold sofens into something Ike re-
gard compared TO the hatred far JEFF Davis His ability
is conceded but he regarded the worst OF men, and
there is not preacher but what woud shoot him, or
Pesby terian but what would give her gar'e-s to
form halter II he could be caught Floyd and Wigfal
Pillow and Benjamin, Wise and Leoher, held in the
came category Alexander H. Stephens ~asormery looked
upon with great respect By the Northwest as he has
been locked upon as the idate who was at some time
TO run with Douglas for President He Is set down
as he 'dirry Diplomatic villain" o. the rebellion.
But wL7. the sentiments OF the people In regard 70
the war, for that sentiment will control ~ VIII tel
you what is fast getting to be Ia this direction People
are fast coming 10 he conclusion that no sod and sub
stania peace precede the total abolition Of slavery;
that II II has to be done by order o. the day as ohn
Quincy Adams says II must be done; aud that till i IS
done the North and South dive In harmony.
Men talk this way-ell whose sympathes were with the
South till this broke out They look upon A. not as
matter OF feeling sentiment, but stern fact that
must be looked the face and dealt with, either
In the future.
The Herald Is locked FOR here and read with great in
terest IT'S ample, graphic, picturesque and reliable
counts OF events gsr1og which get in other papers
but the merest mention bungling despatch with
lis able editorials extended correspondence, make y
t1r nnfya IlrT