Bad Times at the North.
--The New York Daily News, of June 27th, says:‘ Bad times are reported as existing in the interior districts of the North and East. The farmers cannot raise money. The country banks refuse to discount, having already done so in most cases to the full amount of their capital; and in nine out of every ten instances none of their paper has been paid, but has been renewed. The farmers have yet on their hands very large quantities, in the aggregate, of rye, corn and cats. These stores had been held for higher prices, until now, when no cash market exists. Considerable of the old, and nearly all the new wool clip, is also in farmers' hands.
Consequently, with all the elements of prosperity in their possession, they cannot realize money value, on account of the present depressed state of business, caused by the war. The farmers, then, in this way, are paying a direct tax. Those who were loudest, a few weeks ago, in their clamor for war, now hold their tongues. They will soon cry peace; they have now no objection to others doing so. The reaction of feeling is slowly but certainly developing itself, and after a short period has elapsed, even those who clamor for war will have broken their brass cymbals and be found piping the gentle notes of peace.
’ A letter, dated Philadelphia, June 27, published in the Baltimore Sun, gives the following narration of suffering among the working classes:
A large meeting of unemployed workmen was help yesterday for the purpose of getting up a petition to the Common Councils asking for employment on such public works as can be prosecuted at this time. One of the speakers said that they called for no charity. They desired to toll and to sweat us they have hitherto done. He continued: ‘"We call upon these gentlemen to protect us in our property; it is a duty incumbent upon them. Our property lies in our ten fingers, each one marked with blisters, which are now wearing of for want of that labor. We are getting weak and faint. We are in want of assistance — such assistance as will remunerate our country in future ages. There are men among us who have not tasted flesh for two months. Only give us work, that is what we want — work, work!"’ The petition was numerously signed and the meeting adjourned.
