The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1864-07-06

all these matters combined give publ
credit bad blow and many men are gettinI
out of the wet as fast as they can. Tn
banks here are still as costive as ever
Lending a man money today with 40 t
so cents on the dollar and taking ninet.
day note, payable in the same money, wortl
possibly, only t,centy cents at the time o
payment, is not profitable business. Blu
let US hope we have not approached so nea
the financial gulf which has long ago swal
lowed the rebel government. A. P. r.
CHICAGO, Sunday, July Sd.
While others who are here are roam
ing about the city to pick up items, &c.
&C., ], with due regard for the kind
ness with which my unstudied letters have
heretofore been received by our readers
am seated at the private desk of the Briggs
House office and by the courtesy Of Mr.
CoLBoRN am furnished with gas and all the
other necessaries required by correspon'
dent. l think I did not say before that
Geo. French, Esq, one Of tho proprietors
of this excellent house, is again here and
doing his duty as no other man can do it.
He has been three or fou, months down in
Dixie, but he is thoroughly cured of any
taste he may have had for the present state
of the Southern country. George is most
estimable gentleman, and there is not a
guest of this house but who is delighted
with his return. WILLARD, late of the
Briggs, is at Vicksburg excepting hoter'
and doing well. FRED. 3URNuAM, FRANK
WENTWORTH and Mr.. CoLBoRN are still
here doing the courteous to those who have
learned that this is the home of the traveller.
To-day met Judge Lowry Of Elkhart,
Indiana, and D. o. Finch, Esq, Of Des
Moines, one long. time acquaintance and
the other gentlemen wellknown to me as
one of the most prominent lawyers and
democratic politicians Of Iowa. My inter-
view with these gentlemen was very pleas.
ant. This village is getting to be we'll
filled with leading democrats from all
sections of the country, and it will be safe
to bet that Republicans and other sinners,
without respect to party views, are here in
force and are venturing their money, all of
them, on the idea that ultimately and at no
distant day, public credit, without speedy
and decisive victories, must be engulphed
in the Melstrom of Experiment. The re.
peal of the Gold Bill Is a confession that
Congress nor Chase knew nothing about
finance when its passage occurred. Chase's
report to the Committee of Ways and
Means that our expenditures for the cur
rent year DULY "a to July '65) would be
in excess of our receipts about 600 millions,
and that a loan of $50 in addition to in
creased taxes of 100 million would be re-
quired to see US through to next July, has
Jared confidence pretty badly. Efforts are
making to whistle up courage while pass.
ing through the grave.yards of Chattahoo-
chez and the James River, but it cannot
last. I would be as glad Is any one If our
financial situation was O. r., but it is
criminal in . publisher to misstate the
facts. All is not well, and the resignation
of Sec'y. Chase is proof of the situation.
Mr.. Fessenden's acceptance, now assumed
to be a fixed fact, cannot help matters for
many days. 1t is humiliating to our coun-
try that men must lie implored to take the
financial bureau. When physicians decline
"to doctor" sick man, the inference is
that his death is near or that no credit can
be got from experimenting with him.
Who could have done better than Chase
The "Government" papers say Fessenden
differs materially with Chase, and yet but
a day or two ago Chase was the only man
who knew how to finance the country
through this terrible crisis! What .
blessed thing it is to be a courtier! Every
sneeze at the Presidential mansion is re-
sponded to by FoRNEY and other puppies
with yelps of approval as natural as those
which proverbially come from spaniels
when their "august master" honors them
with kick. If thrift may only follow
fawning, you may hazard your life thai
fawning will be the practice. Those wht
tell their countrymen the Truth and shame
the Devil, are denounced as evil. minded
and the simple ever regard it as duty tt
the Government to believe oil the decep
tious tricks practiced upon their credulity
Under pretcnce Of "loyalty," the writer:
and speakers in the Lincoln interes
cndeavor to heap contempt on those wh'
have never for moment consented to ,
severance of these states. Unfortunatel,
for the country this effort has been to-
successful, and nothing but the most trying
adversely will set the masses to good, sount
thinking. So soon as they sce-and 20,
depend their eyes are growing brighte
daily-the exact spot they occupy ant
learn the object of those who &re paid TO
using them, reaction will take place ant
shoddy politicians will be obliged to emf
crate to escape public indignation. I an
almost surprised to hear in this city such
universal condemnation of the whole wa
and financial policy of this imbecile admin
istration. That such criticism would com
in time was not matter of doubt. but
had m idea II wonld arrive So sOon TIL