New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-10-24
GOliOrr Politics.

Fair Cotton is stiff at fifteen cents per
pound, with general understanding in
mercantile circles that it will -emain So
Trade with our Southern brethren is very
brisk, and its extension or diversion in A.
or BIS behalf is very generally coveted.
The South likes long credit, but seldom
higgles for the odd half cent in fixing
prices. Occasionally, Cotton falls to ten,
eight or even seven cents and then plant
ers can't pay, their merchants break and
jobbers are stuck This has happened
twice or thrice within the last sixteen
years. No matter: those who lost by past
failures are among the most eager to bask
and grow plethoric in the present sunshine,
Our Southern brethren were always pop
ular in This City, but they are especially
50 when Cotton brings fifteen cents per
pound.
All Property is essentially conservative
but Cotton especially SO, Every cent
no,,na additional, on CT C33ttssoa odd: odds hundred
dollars per head to the value OF Its cultlya-
tors. A stout, hardy niger who IS dull
at six hundred dollars when fair Cotton IS
but ten cents, goes quick at eleven hundred
when Cotton is stiff at fifteen cents. Then
Cotton Politics are fashionable throughout
the great Northern cities, as we'll as in the
South. Then the right Of slave-breeding
planters to hold their human property in
any of the National Territories is vehe-
mently affirmed at the South and blandly
regarded at the North. Then Compro-
misses are fashionable on the Eastern sea-
board, no matter what is compromised nor
who. Then the blessings of Union and
Peace are trumpetcd and sung, while Free
dom, Justice, Posterity, Eternity, are prac-
tically treated as of small account Then
the Federal Constitution Is regarded with
awe and admiration as a contriyance es-
pecially for catching and holding Flu
gitive Slaves. Inestimable are the viz
tues of Cotton especially when stiff at fif-
teen cents per pound.
But high prices always tempt to Specu-
lation-that drawback is to be admitted.
Cotton has done so well for a year past,
and disappointed so many prophecies of a
downfall that operators are beginning to
dip into it from all quarters A number of
enterpnsing merchants, seeing how we'll it
stands, have commenced preparations for a
corner -Four city journals, all of them
greedy for cash, and two of them in desper-
ate need of everything but etfrontery, have
gone into the corner certain that they
cannot lose and hoping that they may gain
by the issue. One of them has commenced
posting the names of mercantile houses
which advertise in journals that don't ap-
prove the new Fugitive Slave Law, pub
fishing as abettors of Abolition many
who never had an Anti Slavery notion in
their heads. No matter the papers con
tanning these denunciations are eagerly
bought by baser rivals of the stigmatized,
who send them all over the South, but
especially to the customers of those de-
nounced. The journalist thus secures gain
from three distinct sources: l. The sale of
his papers for Southern circulation .
Southern subscriptions consequent thereon;
and 8. Black Mail levied on persons that
shrink from notoriety and denunciation and
prefer to lend s25 to $50 rather than be
published and denounced TO their Southern
customers as active Aboitionists. I'm
measurable are the virtues Of Cotton. Is.