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Newspaper
Weekly Times
Location
Dubuque, Iowa, United States of America
Date
Jan 09, 1862
Page
5
Fragmentary verse from a historical column recounts a Jokth who loved liquor and the warning tones of a drum. The text reflects archaic spelling and incomplete phrasing, offering a glimpse into past storytelling style without a clear narrative arc.
The piece weighs public opinion on surrendering rebel prisoners to England as a patriotic stance. It surveys reactions from major papers and asks about national resolve. It then reports Congress pressed by a currency crisis, considering a national currency secured by U S stocks, with taxes to fund debt and a sinking fund, aiming to balance inflation risk and public confidence.
Fragmentary OCR item from a 19th century newspaper dated Thursday January 9 1862. The readable text contains a name fragment and a quoted phrase likely part of a larger item. No clear event, person, or location is established.
The text notes that Eastern Banks and the U S Treasury maintain gold and silver payments while State Banks of Ohio and Iowa and the Bank of the State of Indiana redeem in specie. The Bank of the State of Indiana president declares no prospect of specie payments, pushing Indiana bank notes to a premium.
Paice or Stada reports gold premiums at Cincinnati and Chicago one percent for buying and two percent for selling. In New York, Boston and Philadelphia the same levels persist. The data illustrate how suspensions have only modestly influenced the market.
The North’s tone grows louder for ending slavery as war aims, with Halleck ordering sixteen enslaved people freed from inmate status to labor under the St. Louis Department. A proslavery voice splits between gradual confiscation and immediate emancipation, arguing for a staged fall of slavery as the nation warps toward victory and national restore.
A rapid move away from specie to Treasury notes follows bank suspensions affecting the East and U. S. Government. Western banks grow stronger despite a New York run while gold imports swell the money stock. Large import totals from Europe and California push coin in circulation toward a historic level. The shift appears to cause little public alarm due to confidence in banks and government.
Editorial on American neutrality and inviolability of the flag, praising peace policy and triumph over British policy in the Trent affair, noting implications for Union, rebel leaders, and international law. lists fallen Union soldiers at St Louis and cites tea duty revenue projections.
Louisville correspondent reports strong British protest over impressment of British subjects by the Confederacy. The piece notes multiple cases including an Irish wife seeking help for her husband jailed by rebels, and estimates that thousands of British subjects were pressed into service across Nashville and the South, risking British intervention.
A witness recounts rebel brutality in Bowling Green Kentucky with a knife attack on a man who shouted for Lincoln. Unionists faced raids a onslaught of shootings while civilians aided wounded and fleeing soldiers. Additional items note war measures to save subsistence and pay, and Gen Scott’s improving health. Carrie C. McNair of Desorah Iowa has entered the army as staff.
The banks hold over 100 million in currency and the country receives over 90 million yearly from California. The suspension is seen as voluntary to bolster government credit by keeping coin in the nation. Exchange rates may dip briefly as gold hits markets, but balance will restore. Cooperation between banks and government aims to revive business.
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