Press enter after choosing selection

Threatened Financial Trouble In England

Threatened Financial Trouble In England image
Parent Issue
Day
6
Month
March
Year
1863
Copyright
Public Domain
OCR Text

The Now York Journal of önmmtrce aya : The prophets in Greut Britain huve Hneered over much at onr fiiüindal ; troiiblei, hut from present, appearaneea they ure quite as likely te be cuught in the jaws of a rnonetary crisis as their j more recklesH couins on thn side of ! the Wüter. The trade with Indi;i for nire montha leave? them a deficit lor over fifty millior) dollars, to be paid out ijv specie, and the oontinued arriva] of ootton, at high piiees, is addiog to tho einbarraiminent To buy ootton of a people who are hungr) for nothiog but silver, and who swallow all eent to thorn withovit a promiso of diafforgiug a dollar, will bu found a very different tack froFÓ buying of the Yankeea and paying o sundries at haridsome p oñt. It s true that a ]irgu arnount of English capital herntofxire used in the Uuited S';iies hus been drawn home; anda etill greater amount added bv tirnid Americana, who leared to leave their all in their nativo land, atnid thi;se scènes of commotion and bloodsli'd : and this will parily bridge over : the Eoglish difficiiliv. But it will not l(ive permanent relief; and if our diffieulties shoiild be isettled. and this money callad back. the pinch in the Bnlish rnoney market would be anything but laughuble, ñowever í'unny our troublen appear ia English eyes. ïhere aro thoso who predict the suspension of ttie Ba'ik of Ergland beforo the close of thisyear; but whether tliis occurs or not, it is certain Ihat therQ will be sufficient stringency over ihere to turn the attenion boirveward, which i now ocoupied ooiloernin'g American affaira. Franco mny sliare in the faine trouble, as her imports from her new avenues of trade havo not been oounterbalanced by exporto of Frenoh prodnets sufficient to cqualize the current of eschango. jS General Grant bas issuod an order from bis headquarter req'iirin all the ba-ra on boats in the governtnent servico o lii department to be closed, and nonpirituous, vinous or malt liquors wil] be allowed tu be soid on tho boats or in the cumps. Card plaving and gaming is also prohibited.

Article

Subjects
Old News
Michigan Argus