The Buchanan County guardian. (Independence, Buchanan County, Iowa) 1858-1864, 1861-02-05
Financial Matters.

e'>S ~ oeSSoS'oH. MISUNDERSTANDING
disunloa and rebellion seems to be ag-
gregating, and the Cotton States threaten
and b.psier more than eyer, Capital seems
10 pay but little attention to it, giving
good evidence that the people are really
but little frightened. Nothing is so
mercnriai ss capital, nothing is so easily
aztec ted, nothing SO cautious, and there
fore we may believe that when Wall
Suset shows tirmness, activity aud con-
fidence, danger to United States Stocks
are not very great, and depression in
commercial circles not very alarming
Notwithstanding Gen. DIx's most I'M
favorable report Of the state Of the Ma
tional treasury, and Notwithstanding the
secession Of several Cotton States, the
bids for the last FIVE millions treasury
loan exceed twelve millions, and the per
cent is one and a half better for the GOV
ernment than the former loan. During
the last part of January, which is as late
as we have New York papers, the stock
board exhibited a gratifying degreee Of
activity and vigor, with an upward ten
!ency in prices, and United States Skies
sold At 81, and Elves at 90, while the
recent - per cent treasury notes sold at
Isl. Railroad and State stocks also ex-
hibited, fora time, an astonishing inclin-
alton TO rise, but probably the move
m@nt was too rapid 10 last. But money
IS pouring into New York with great
rnpidiiy from Europe, California, Cuba,
AMI other countries, and it can hardly
be expected to lie idle long, and its eff
tert upon business is already discerned.
The immense grain crop of the interior
viii soon go to the seaboard, for there is
an European demand for it, and as our
imports are sensibly curtailed, gold will
continue to flow back upon us, giving
financial relief, while, with the Morrill,
tariff, which will probably pass Congress,
4 new impetus will be given to our man
nfacturlng, and 4 revenue secured suffi-
Gent, unless war should result, to ease
the treasury. Disunion, thus far, has
added much to the Railroad and Ship
ping interests Of the North. Cotton,
which formerly found its shipping points
at Southern ports, now tends Northward
aea the great East and West Railroad
lines report largely increased receipts
from this cause. Should Secession 60
on, and The government find it necessary
10 blockade The Southern ports. the whole
cotton crop would find its way Northward,
ut increased cost TO the people of the
Sopl., and 4o The advantage of North
era trade and commerce. Thus would
the movement enrich the very interests
it was intended to crush. And Sayan-
nah, Mobile and New Orleans, with
trade crushed as it is at Charleston, and
with forced loans to keep up a govern
ment, would draw an argument from
their pockets by 10 means favorable 10
secession. New York City, SO fearful of
her commercial interests, as to be will
ling to bow her neck to the yoke of the
Oligarehs rather than have South Caro-
.i"a Kick out of the traces, now begins to
realize that her prosperity is not at the
mercy Of Southern fire eaters, and can
"ot be upset by secession proclamations.
And the New York Herald, the loudest
10 proclaim the humiliation Of New
\ DIRK IN tie eyeat Of Secession, now de-
clares the eottonites insane who supposed
'hey could infict deadly blow upon the
commerce Of that city by their proceed
ings. The Nerald says :
3Ioncy is pouring into New York from abroad.
Ten millions of dollars have arrived within
very short time aud capital is daily accumu-
latlng here in an unprecedented manner 1t
cannot ls&p remain inactive when there are
products p aa4e interior for sale. Those who
want 10 sell N$ll find purchasers in New York,
though there may be very little personal com
,1GDlcation between the citizcrs of the Seed
ing states and the North there Will be -four
lshing commercial intercourse. ant. its great
center will be the City of New Yosk. The rev.
"lntionary condition of the South is driyi>..@ the
trade TO this market. while it is impoyeriamrg
me Southern ports in the same proportioR.-
from this cause, ana from the extraordinary
abundance OF the crops in the West and the ex- !
ihlofdiDary demand for them in England, a |
great commercial revival is taking place here. /
and IN amount o. business will soon be done /
which viii astoniea those who imagined that.
~ th'r insane Proceedings, they were infiict- /
~ . deadly blow upon the commerce of Ney
York. which will ever BE- the free city Of Amer
i"'--trcc n"t merely in political. bat in n com
i'creiai snnse--thc outrcpot o. the trade of the
Oh " Ord and the New.
i'hus lie evidence OF tic impotence
OF ibis Secession movement becomes ey-
cry day more and more apparent Forced
loans from the rich, and inordnate taxes,
are the means by which South Carolina
j. now supporting her government, whose
expenses with large army, are enor
NOUS. This must be the case with the /,