The Weekly North Iowa Times

The Effect.

The severity of the money pressure is having some strange effects. Large numbers of persons anticipating destitution this winter on the sea-board notwithstanding the interior abundance, are shipping back to Europe; in many instances they are begging the privilege of working their passage to their native land.

The prospect is that English Gold must come to the U. States for Cotton, and as this will affect the Bank of England it is not presuming much to say that by the time these returned emigrants cross the Atlantic they will find themselves in a country where labor is abundant and food scarce. If they would come West they are sure to find food plenty and cheap and no man who is able to work ever need starve in a stack-yard or among groaning cribs of grain.

Among other effects noticed, is the filling up of the army ranks in the U. S. Service. Men who fear the winter are recruiting as fast as their names can be written on the lists, and should a difficulty occur just now with a foreign foe it is probable that a million of soldiers could be enlisted without difficulty. All the discharged mechanics are going into the army.

Telegraph Stock is benefitted by the crash. Dispatches have traversed the wires in one continuous flow of bad news since the 20th of August, and so great is the rush at our large offices for advices that three times the number of lines would find employment.

The Boot & Shoe Trade is said to have suffered less than any other branch of business, the prices of the goods and the demand for Leather being about the same as before.

The Lager Beer Saloons have suffered materially. The German likes Beer but he is also fond of money and he never fails to regulate his appetite by "der gelt" on hand. Englishmen, Irishmen and Americans rush to strong drink when troubles come, and on the principle of "a short life and a merry one" they "let 'er rip. Not so the philosophic German, and in a general way, the prudent Scot.

Matrimony is said to have come to a dead stand in the Eastern States. It is supposed however that the prudence which the girls will now be obliged to practice will render them so much more attractive as prospective wives and helpmates instead of dolls and spend-thrifts, that the bachelors will commence "to go in Lemons" in which case they will "get squeezed" of course.

Well, that will do for one chapter.