The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1861-01-05

A few days since Forney wrote communication
from Washington to his paper in Philadelphia,
designed to arouse the North to more lively
sense of the perils of the country. He audcs
to the fact that for more than year past the
leading men of the South as well as the leading
men of the Capital, have been expecting and
preparing for secession; that in view of that fact
immense quantities of Government arms and
ammunition have been distributed at various
points in the South for the use of their minute
men. He believes that it is the design of the
leaders to push matters on so fast that before
the 4th of March arrives the secessionsts will
be strong enough to seize upon Washington City,
| in accordance with the plan of Gov. Wise, and
hold on to it.
Mr.. Forney, who has every facility for under
standing the condition Of things, intmates that
| the project has many friends besides old 10.
Lane amongst the defeated politicians of the
| North.
The article closes as follows:
| One of the worst signs of the times was the
| speech of the Hon. George Z. Pugh, Senator
| in Congress from Ohio l do not speak of this
remedy, because am ready to concede much in
| order to save the Union, and it may be that his
proposition-the altering of the Constitution so
as to extend the Missouri Compromise line to the
| boundaries of Cafornia-may be the best in
order to save those States which have determined
to remain in our national brotherhood. But
| that a Northern man, citizen of the great
Northwest, which section it is the settled pur.
pose Of the Disunionists to paralyze and destroy,
| should deem it his duty to Cenounce such pa.
triot as Andrew johnson, passes my comprehen-
| sion. His attack upon the Republican party
was not only ill;judged but illtimed. These
men are not the enemies of the country. If they
have triumphed, they have triumphed through
the divisions in the Democratic party; they have
| triumphed because of the corruptions of this
| Administration; they have triumphed because
the Southern statesmen repeatedly declared that
| they p, eferred Abraham Lincoln to Stephen A.
Douglas. In fact, Abraham Lincoln was elected
President not by the votes of Republicans alone,
but by the persistent and successful efforts of the
| Secessionists to destroy the Democratic organi
zatien. l confess, that when heard his speech
and saw how it inspired the men who were de-
| nouncing the Union and tramplng upon the
| Constitution, in the Senate of the United States
| felt sick at heart Thus it is that we are being
betrayed; thus it is that We are being deprived
| of our champions! The President gone! the
Cabinet gone! most of the Southern leaders
| gone! the offices of the Federal Government in
| the hands of the open enemies of the country!
and the Republican party itself appalled, and dis
heartened i'll the face of this great peril! l see
! but one mode Of rescue, and that is to wake the
neo,ja 20 organize them, and put arms into their
hands. To delay Is to die. Our only safety is
in immediate action! action!! ac.oh.''
SKuFuL FINANCIERS.-The present Admins
| tration, when it went into power, redeemed the
public debt, payable in 1862 at premium oil
sixteen per cent. 1t was thought good plan
| for using up the surplus funds and saving inter
! est in advance After four years rule that AID
ministraton has completely depleted the treasu
~, rolled up the public debt to ffty-two millions
OF dollars and now goes about trying to borrow
money. 1t has offered FIVE millions Of treasury
| notes to capitalists, who answer By bids for
about half the amour at rate of interest vary.
| ing from twelve to thirty-six per cent This is
| fnancering with vengeance. No wonder Cobb
ran away. Amy private man who would man
age trust estate in the same way would be m
stanty sent to prison, yet because the people OF
| the country have determined to GUST such in
competent fellows from power they are threat
ened with civil war.
What is remarkable as to this last operation
is, that the regular six per cent. bonds of tie
government are nearly at par; ninety seven and
ninetyeight per cent. are bid for them daily,
but none are to be had, showing the confidence
of the moneyed community in the stability of
the government itself. But the mistrust relates
to the actual Administration, and particularly to
notes, vulgarly called shinpiasters, which are to
be manipulated blythe departments. Our recent
experience of the easy manner 10 which bonds,
stocks, and other securities he'd hv the bureaus
may be used for temporary purposes" or ="
other words, stolen, is not calculated to be.
get confidence in the existing secretarie, and
clerks. When Eonester men shall assume the
reigns of government il will not be obliged to
60 about Ike Rs9r beggar, hat IN hang, solie.
ting p,. '"'es tor It's current necessities
IN. J. Eve. Post.
Dispatches from the North are styled 'loreign