The Hillsborough recorder., 1861-10-30
DISSATISFACTION AMONG WALL STREET
BANKERS


BANKERS
The intelligent Fairfax (0ct. l0,) CORES.
pondent Of the Savannah Republican hears
that much dissatisfaction exists among the
bankers in Wall street, aud throughout the
North, on account Of the hesiiating policy
Of Mcclellan. Il is reported that they
frankly admit, that neither they nor the
country can stand a long war; and they
claim that when they ageed &, furnish the
means Tor the prosecution Of the war, il was
only on condition that short work should be
made Of il. These accounts are confirmed,
in substance, BY Maj. Gen. Smith and Brig.
Gen. Lowell. who lately arrived al Fairfax
fr,m New York. where ihey enjoyed the
best possible facilities for getting reliable
information. They represent the distress
prevailing at the North. growing out Of the
arrangement OF commerce, ths stagnation
Of business, the shorlness Of the grain crop.
and the unrasiness Of capitalists. 20 be al
most incredible. The correspondent sug-
gests that Johnston and Beauregard nav
have lain idle for the reason that an active
campaign might have stimulated the efforts
Of Nnrthern capitalists 70 assist their Gov
ernment. Whilst he thinks that an active
and offensive policy after the battle of Ma
nassas would have been the best. yet he
cCslfesses that ;he opposite policy pursued
by Johnston and Beauregard has MT been
without its good results. If what we hear
through the Northern press. and other chan.
nels be true, then we are whipping the enc
my by standing still. Their expenses are
enoynous. being $, ,500.O 200 per week. No
natian can stand such drain as this long.
Hence the clamers Of bankers and capital
lists against Mcclellan. The prospect Of
the must irightful suffering among the poor.
er classes this winter, only complicates the
difficulties of the Government. Ships are
roiting al thsir Sharyes, factories are idle.
mechanics are out Of employment. the poor
are clamoring for bread. and bankers are
restiye and uneasy. The whole enuntrf
gruans and sraggers under tie mighty load
which now presses upon is Bonded back,
Meanwhile nnr march is onward il Ken.
tucky aud Missouri.
The same correspondent says that Ne.
Clellan has conducted matters since his ad
vent into Washington with considerabl,
tact. He has managed to set rumors aioa
! ia Richmond and lie Army of the Potoma,
that he bad an army Of 10000 men thai
/ he would soUn cfDss the river and attack d,
+ with force Of 100000 troops, and thai
/ large fleets were about to sail from North
ern ports 10 raysge our coast and barn oui
cities. The object Of all this buster was /,
distract our councils, TO divert from the Po
tomac, Kentucky, and Missoari, the rein
foreements intended for those points. an.
to alarm the people along the whole South
ern eoast. The affair al Haiteras was ad
mirably planned TO effect his purpose. Tha
naval expeditions will be sent Southward
there need be no doubt but the season ha
not yet arrived for them to sail. The mel
/ who will 20 upon these expeditions eanno
be spared until the campaign near Wash
ington has been closed by the ice and snow
Of winter.
The correspondent SAYS he has good rea
son TO conclude that Mcclellan has no suel
force about Washington as he would hay,
US believe. Since the battle Of Manassa
67,0 900 troops have passed through Balti
more on their way 20 Washington and point
10 Maryland. Nearly all Of the three month
volunteers have returned home, and th
regulars are scattered along the line fror
/ Fortress Monroe TO 81. Louis. The forces
then, al and about Washington, cannot much
IL any, exceed 5000 men, many Of WHOM
are disabled BY sickness.
Richmond Di,psfes.