Anti-slavery bugle. [volume] (New-Lisbon, Ohio) 1845-1861, 1854-08-19

These facts ought to arouse us to prompt and de-
cided action. Can we suppose that the New Eng
land lands are as rich or as productive the lands
of Kentucky, Tennessee, Mississippi or Alabama
Are not the landsi Missouri equal those in Ohio?
Yet what disparity in cash valuation We can
not ascrhc this difference in values to anything as
legitimatcy to the benefits flowing from the su-
perior commercial enterprise Of the fortunate
States. If our friends will study these and SINH
lar comparisons between the North ana the South
without prejudice, they will yet find that the blight
ing influences Of slavery are worse upon their
States than the fly worm has ever been in their
wheat and tobacco.
Our existing commercial dependence upon the
the North has converted our banks from ndepend-
ent State institutions into provincial banks, because
they are, by the laws of commerce. appendages of
northern trade. If we abandon our custom
Of dealing so exclusively with the North it would
not only materially relieve our banks from these
everlasting drains to sustain the commerce of other
States, bur enable them to maintain, in reality and
in TRUTH bona tide specie payments and,to second
more powerfully whatever commercial enterprises
We might think proper to undertake To encour.
age direct foreign trade is, therefore, the true poi
icy of our state banks; and every motive Of self
interest and independence ought to prompt them
to second efforts. In looking certain
tables given, perceive, first, that, those States
largely engaged III commerce have very large
amounts Of banking capital. We also perceive
that the circulation increases somewhat in proper
ton the banks augment their capital. Notwith-
standing the enormous amount Of banking capital
in the northern and eastern States, and their great
number of banks, we nevertheless find the profits
upon their banking capital exceed ours-so that in
reference to bank dividends, well every other
aspect in which the question may be viewed, facts
afford the most conclusive proof Of the enriching
tendency Of trade. In thus opening wide the
doors Of commercial enterprise, and extending
credits upon wide and liberal basis, and solicit
ing contributions from all quarters, the northern
States have progressed in the most unprecedented
manner in all the great elements constituting ma
tional wealth. In accomplishing these great re-
Suits not one Of their great domestic interests has
been sacrificed, but each made to conspire to
the general prosperity of all.
1t is one of the most wonderful facts of the day,
that the southern States, growing the great staple
Of export with open before them, and eX-
porting 81 ,200,6 6S2 worth of productions, should
yet be content to import only Sl774, lGl worth of
foreign merchandise Last year Virginia, with
some of the best harbors in the world, exported to
the amount of 1896, 79l, and imported only $500,
600 worth while Pennsylvania, without convent
ent access to the ocean, exported S6,521 006, and
= imported SIS, ,S34 40 While other States, super
ior only in commercial enterprise and daring, are
importing from two to three times much as they
export, Virginia retrogradcs rather than advances
from importing in 1921, 81 07S, 900, to S553 900 ii
= 1925, 1915 900 in 1928, and only $4,000 in 1858
Onr shipping interest is also woiully deficient