' There
was work to be done which might have delayed the commission
of a few of these ships for some weeks longer; but if the
United States had chosen war instead of peace, the blockade
of their coasts would have been supported by a steam fleet
of more than sixty splendid ships, armed with 1,800 guns,
many of them of the heaviest and most effective kind."--
Saturday Review: Jan. 11.
I read in the commercial news brought by the "Teutonia," and published
in London on the present 13th January, that the pork market was
generally quiet on the 29th December last; that lard, though with more
activity, was heavy and decidedly lower; and at Philadelphia, whiskey
is steady and stocks firm. Stocks are firm: that is a comfort for the
English holders, and the confiscating process recommended by the Herald
is at least deferred. But presently comes an announcement which is not
quite so cheering:--"The Saginaw Central Railway Company (let us call
it) has postponed its January dividend on account of the disturbed
condition of public affairs."
A la bonne heure. The bond- and share-holders of the Saginaw must look
for loss and depression in times of war. This is one of war's dreadful
taxes and necessities; and all sorts of innocent people must suffer by
the misfortune.
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