Sioux City register. [volume] (Sioux City, Iowa) 1858-1871, 1864-07-09
SIOUX CITY, IOWA, SATURDAY, JULY 9, 1864.

This week gold has touched 200. Amid
the clash Of battles this annou ncement has
attracted little attention, aud yet how
fearfully it comes home to the hear'hs
and pockets Of all. With gold ut 200, no
matter whether it be caused by the i'm
perative course Of events or by the work.
ing Of speculation, the whole current Of
life is changed. The mechanic should
have his wages doubled from what it was
three years ago, to peet the necessities OF
gold at 200. Is it so? If not, he is q
sufferer, and in poverty, Notwithstanding
the story Of grea. prosperity. If, when he
received $500 per day, it would buy more
than 81, 90 will now, and who will dispute
the fact2 and now he is receiving only
$500, he is twenty FIVE per cent poorer
than be was, and is obliged to stint him
self and family to that amount, all because
gold is at 200
There is something deeper in all this
than people ordinarily see. This gold il
the lifeblood running through the nation.
al veins, subtle fluid not TO be tanpered
with, and indicative Of the national health.
1t may be quickened for an hour by slim.
ulants, but must 90 back to q steady pulse
in time. Bankers, brokers and financiers
are echooled to an instructive knowledge
of events and effects. They learn their
lessons from q sensitive book-the pock.
etbook-and consequently their move
ments during the time Of great excite
msnt are we'll worthy Of study. Ia fact,
Wall street is at this moment the best
spot on the globe to become posted on tho
chances for and against US in our great
struggle, and to learn the unbiased truth,
ungarbled by political newspaper col
umns, or unmanufactured to suit mar
ket.
We clip the foregoing from Frank Les
lies illustrated Newspaper, "a staunch
Administration paper. 1t is a candid
and truthful confession. and puts to shame
those decei.ful Shoddyites who try to do
ceive the people with their babblipg about
speculators and Copperheads trying to
keep up the price Of gold for political
effect
The country is being awakened to the
fact that bankruptcy and ruin will be the
price of retaining the present Administra.
ton in place, and will see to it that Lin.
coin and his parasites are sborn Of their
power for evil after fourth Of March next.
Our readers will understand the feeling
in financial circles by reading the follow
ing from the Ne,o Nation published in
New York:
1.-THE money market is close, without be-
ing stringent, at six to seven per cent
This is due to the expectation of impor.
tant financial measures about to be an
nounced by the Treasury Department.
1t is evident, however, that no great strin.
gency can arise from these measures
There are other means of investing money
besides such "securit:es rs the govern.
ment offers. The volume Of business at
this point is rapidly diminishing, simply
through falling off in the supplies Of the
great staples, and the uncertainty which,
through the imbecility Of the administra'
ton, hangs over all operations, legitimate
and illegi'imate.
The second object Of the Secretary Of
the Treasury, in this visit to New York,
seems to be to bolster up the currency
against, the depression arising out Of the
Encouragement Of national affairs
When the nomination Of Lincoln at Bal.
timore was announced yesterday, gold
rose two per cent. 1t certainly involves
grave questions concerning the national
credit. If Lincoln shall attempt. as it is
quite probable, to defeat opposition to him,
by violence and corruption, resistance
to such proceedings can hardly be avoid.
ed. In order to rid themselves Of . ty.
rant, the people may be driven to strike
at the foundations of government, and in
the struggle public credit can hardly fail
to suffer. In view of this danger. many
people aee-exchanging their "greenbaeks'
for notes Of sound state banks, which It is
believed would not be wholly involved in
the ruin which seems inseparable from q
continuance of Mr.. Lincoln's administra.
tion Federal bonds may be . good
enough investment for federal currency
but for safe deposit Of real value, they
can no longer be commended. The limi-
ted subscriptions to the ten.forty loan
show that these views have become wide'
spread. -,a g.. .
Seventeen births are recorded in Ben.
ton township, Fremont county. and nary
girl! That's bad, sure !-Nuscali9e Jour.
nal a-~-
~ mo, sir, its good thing. The Lord
is determined that the Copperhead race
shall become extinct; hence these gal
babies. The Dads Of these poor un-
fortunates ara Cops. This looks n lit.
Ito hard, hut they are "obleeged' TO