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[[underline]] 1865 [[/underline]]
April
currency which defrauds them of half their due. Saleries are found to be worth only a small portion of their former value  And the buble although it may for a longer time deceive the people with illusive show of prosperity is only a buble still and must burst at last.

Mr. Morgen said we must expect a hard time for the next ten years  We must pay by heavy taxation the expenses of the war.

Financial matters seem to be in a very puzzling state generally should Gold fall suddenly as assuredly it will if not propped up in some way thousands of merchants will be ruined as prices will also fall.  Then where is Government to find its income tax.  Bankruptcy will threaten the nation and with it millions more of unfortunates who have trusted in its bonds.  It is to be hoped Mr. McCollaks brains are of the best material.  
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[[underline]] April 1865 [[/underline]]
The Nation has grown so dizzy with ^[[ [the?] height of its] fancied prosperity it needs some very steady hands to guide it.

Some house are illumined to night but it is too rainy Some house are illuminated tonight but it is too rainy for much of a display.  I suppose peace will soon visit us now.  Mr. Morgen thinks there is no fear of a war with England.  Those who have lost property through the Alabama will endeavor of course to obtain remuneration for their losses from England and may embroil us if we are not careful but England will be slow to enter into a contest with us.  The Alabama was fitted up in England by the Southerners and preyed upon a large number of our vessels.  There is smuch bitter feeling against England on account of the merchant vessels which have run the blockade and supplied the South with ammunition and food.  But these could not be urged as a reason for War.
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