The banks found their securities rapidly becoming insecure, and hence there was a depreciation in the currency.

This was not uniform, but varied from five to sixty per cent., according to the value of the bonds the respective banks were holding.

Each morning and evening bulletins were issued stating the value of the notes of the various banking-houses.

Such a currency was very inconvenient to handle, as the payment of any considerable sum required a calculation to establish the worth of each note.
Many rumors were in circulation concerning the insecurity of a Northern visitor in St.Louis, but none of the stories were very alarming.

Of one thing all were certain--the star of the Union was in the ascendant.