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Show THE UNITED STATES CREDIT HUE A ICING DOWN. Under the above caption, the N ". Herald of Dec. 29th present the following follow-ing national-poverty-stricken picture: "Mr. Cobb left the fcderalTreasury in a terrible condition about a mouth ugo. No prov siou had been made for tho tluy- meul of the Jaunary interest on the public pub-lic debt, and Congress immediately author : ized the issue of live millions of dollars in Treasury note. A very short time ago the bankers would have taken this loan v.ry gladly; but up to Thursday after ; noon, less tli.in one-tenth part of the sum required was offered The Sub-Trcanirer ! of the United States finidly Succeeded in inducing tome 'of the bankers to make up , the sum. of a million and a half at twelve . per cent per annum. 'f'lC Rjwctacle Of a . gtvat -rtower like tho Uuited States "shinning" "shin-ning" for money in WuU street,, after the (manner of n small trader .shivering upon, tho verga of bankrnptey, is ccrtuiuly a . (moat hmiIUthg one, .d it affords the .Ktrongcft proof of tlw sad Cocditiou to which tho couniry has-betti reduced by the petty polillcians of the; dajy wltp, iu their mad struggle 'fop the federatspoiW, liave paralysed ihe.gqvcnitncnl; brought a to the brink of civil warj ami mined the natlbtial credit at. home and abroad, .. The action or the bankers upon the matter of (ho federal loan js in strong contrast to their rCccptiod of tho recent calls of the city nnd State Tor pecuniary supplies, Both the city ami State loam: tvero eagerly sought for at a t.rcminWj uport the city rale?,! six percent, and li(s State, seven per cjnt, The State anu: city r.roj)etty.ls pledged Tor the payment'; of the, public debt; Imi thofedemt gotij crnmcnt, If the doctrine of secession is-to bo. countenanced for n moment, Khnnhte to ofTcf "any such security.. TJm'seccdiog States-' would, refuse "ta acknowledge any pledge of tho public, lands,- ond the got cmmciit. ctdltor are .thcrerorottsked'to take the risk Of the repudiation of. "he bonds, before they have time to mature. Individual. .State would fare no better. The rich ,Statcrof. Ohio had an agent tii W.ajl., street, begging for money & short tirao ago, aitd ho waa,ompcllcol, to go Iiomo.with empty, packet. Sonth.Carpr .film, thiitate which has lately, gone into the expensive luxury ot Independent Sir-creigoty, Sir-creigoty, could not borrow a dollar today to-day nt any rote of interested "the credit rof -o Southern confederacy Would notbe' imuch, if ,nny better thau, that of. the- Pol-TOCtto Pol-TOCtto Stated hcse:Trftrnin,ahouU..not be neglected.. In all ;g'ovrpmenta,;.Ues-; ;g'ovrpmenta,;.Ues-; paths or liberal, the; bankers aud custod-tana custod-tana of the private funds re the most ! sensitive! Indicators .of... the real state, of public.' and prTvatoolfalrg, When ,thcjr dciicrt, tlie goycrumeittj.br' place it. ttpoa ; thc.Ievel of, ordinary borrowers,, it is time, for people" to, jhtnk Seriously of the siite of pjiblic afTjitw.., Wecanuot bring o"ur wives to, belicvo thatthis: govcrnmcnt ls , to- be pulled, doivu by a few miserable party politicians, atnl hope. for. a grttuU reunion of. all the cptiscrvutfvo elements to sive thoUuiort and restore, peace and! liarmouy to tbe land, 'Xhe responsibility I : restn with the republicans and the Prcsi-; dent elect. The question is, what will they lo with U? |