The great English funny paper, London “Punch,” printed this cartoon on September 27th, 1862. It is intended to convey the idea that Lincoln, having asserted that the war would be over in ninety days, had not redeemed his word: The text under the Cartoon in Punch was:
MR. SOUTH TO MR. NORTH: “Your ‘ninety-day’ promissory note isn’t taken up yet, sirree!”
The tone of the cartoon is decidedly unfriendly. The North finally took up the note, but the South had to pay it. “Punch” was not pleased with the result, but “Mr. North” did not care particularly what this periodical thought about it. The United States, since then, has been prepared to take up all of its obligations when due, but it must be acknowledged that at the time this cartoon was published the outlook was rather dark and gloomy. Lincoln did not despair, however; but although business was in rather bad shape for a time, the financial skies finally cleared, business was resumed at the old stand, and Uncle Sam’s credit is now as good, or better, than other nations’ cash in hand.