The New York herald., 1862-01-22
ALABAMA.
ALABAMA.
REBEL VIEW or THE FINANCIAL CONDITION OF
THE NORTH.

TH9 NORTH.
From the Montgomery (Ala Advertiser June 81
Heretofore the States OF the government Of Lincoln
have felt the pressure Of the financially compare
lively lttle At its commencement the balance of trade
in Europe largely in their favor and, q
quOncc, considerable amounts of specie shipped
tho United Staes enabling the banks sustain their
weeks however the current OF trade has changed and
specie began moving to Europe rapidly that
ter OF self preservation the banks compelled to
suspend specie Two weeks before the suspen
the banks Of New York held about forty millions of
dollars in SPECIE but the date Of suspension they held
than twenty three millions. Had they continued
pay specie for three longer their vaults
would have been entirely drained. There may be few
banks in Ohio ana Indiana which still continue to redeem
their notes, but they cannot maintain such position
long, and the Northern States occupy financially the
same situation Us the States of the South.
The North will therefore be obliged to depend in the
future entirely upon its paper money for home circulation
while il will be compelled to meet its foreign bills with
tain credit as readily as before the dissolution Of the
Union. The shrewd business of Europe will not fail
to see that tho expenses Of the in which the North
engaged will exhaust the of the country
ana render it bankrupt. The government will be
able pay its indebtedness TO its people, and foreign
merchants sell on credit will have long time TO
wait for their pay Il can very easily be-
that the North has not and have enough exports
such Europe needs to meet its purchases abroad is
true that Of scarcity in Europe the North does
export few million dollars worth Of grsin-say Hfty mil
lions yearbut the market for this grain certain
time not lar distant when the North stripped OF her
commerce and ruined credit, will sink TO the rank OF
iourth or nIth rate power.
The great Northwest which has heretofore been the
gransry Of the United Sates and which has, until
found ready market for large portion OF her products
In tho South outlet for them down the Mississippi
river ees he effect Of tho far seriously than
any other section OF the country The only outlet the
people Of that section have is through the port Of
New York and great the influence OF the blockade
established by the that it is stated by of the
papers OF that section that the entire crops OF many
farms w0uld sod pay for the labor hired raising
them Kuin--absOute ruin-stares the farmers of the
Northwest in the face and their only hope that the
he brought to successful termination and the
markets OF the South be sgan opened The energy with
which they urge the is the energy of despair
but whenever they become thoroughly convinced that
the never result as they desire they will be
clanorous for they have hitherto been for
ALABAMA's CONTRIBUTIONS yoR THR WAR.
Tho Montgomery (Ala) advertiser OF January esti-
mates that the entire force Of the State is than
II 900 men, but in the message Of Gov Moore to tho
Legislature the 2sh OF October he states that Ala
twcnty thousand Of her She has organized
and in the field twenty three regiments, two battaons
OF ut csst companies Of horse and many Of foot
while five other regiments IN process OF formation,
their ranks nearly FULL" II will thus be that
stead Of II 900 Alabama has many 80 900
SOLDIERS IN the service.
FLORIDA.
WHEREABOUTS OF THE BRITISH STEAMSHIP GLADIA.
TOR--vALUE OF HER CARGO.
Late Information received by the Quincy (Fla)
Dispatch, OF the Sh enables the editor Of that paper
state that the Gladiator safely moOred in Con-
federate port-a Florida port The Gladiator has two
millions worth OF arms
ESCAPE OF CoNrRABASDs.
Tbs Pensacola Observer OF the 9th says about oozen
slaves absconded from that place Wednesday and is
supposed they have gone TO santa Rosa Island They