New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-06-09

tie South possesses at this moment twcaiy n-lons OF
fee white people WHO eel their own labor, while IL
contains but million and half OF men. women aud
children Of he eafs whose labor is sold by Oshers
To ccupare tie two, as regards strength, would be
10 compare the infant with the fG grown nan, or 'le
pieny with tie giant. and, ye this wesh an insignia
cant sou has been permitted to direct, and does now
direct. tie policy Of the Union. sinbad Ike. the
North has permitted the South 10 molnt ts shoulders
,ornythe srt Of the old ofhe sea uaiil north
ern patieice ha. become at length exhausted. and
northern men Lave begun to calculate the real
strength Of the faction by which their desnies have
been 90 long determined.
The South desires now % purchase Cuba, to obtain
possession Of Hsyti, TO conquer MeXcOS 10 add the
British and French West Indies to the Slave Re-
public tLen to open the territory OF the Amazon to
cultivation By slaves and thus in concert with Brazil
10 Oh ,sin az it says control of the Of the
"world." Among the earliest Of tie measures re-
quired for the accomplshmen; of these great objects
il the re6peniDg Of the African slave trade with the
view to obtaining what ia much desired By English
manufacturers and American planters, 4 cheap and
abundsntsupply of slave labor.
This is magnificent scheme but what Is i to cost,
and whence are to the for its accomplish
menfl hundred millions have already been offered
by the South for Cuba alone, and the price of two
hundred and fifty millions has since been mentioned
To purchase the control of IIayti would require
many millions, and yet this would constitute but
very small portion Of the very numerous millions
that would be required for relntroducing Slavery
into the other islands and for reestablishing the
slave trade in face of the unanimous decision OF the
world that it is TO be regarded as piracy and treated
as such. TO do all this would require fleets and ar
mics Of great power and if add the cost OF them to
the payments for land it WILL think be fair to say
that the scheme Of the South cannot BE- carried into
effect at smaller cost than fifty millions Of dollars
year. in addition to the ordinary expenditures OF gov
eminent Since the South obtained control in l52o, it
has sweed the expenditures from twelve millions 10
more than forty, and there is to doubt that
if southern domination be continued, they will be
swelled to seventy or fifty millions more than would
be required for the maintenance of government
administered on northern principles
In tie event of secession, however, the South
that is to say the people Of the eight States of the
extreme South--would have to pay for the cost Of
carry ing out their schemes; and may, therefore,
properly inquire into the extent of their means for
doing this. They have about two and half millions
Of bales of cotton to SELL and at present prices those
may be set down at about ninety millions Of dollars
The sugar trade would perish from the moment of
secession, and the sugar planters would be driven to
cotton, tie effect of which would be large reduction
in its price. We will however, admit that the new
Republic night export cotton and rice to the amount OF
hundred millions of dollars ortwentyfve dollars per
head of its free and slave population and that is GER
tanly the highest estimate that can be made. With
this hundred IN lions it will have to purchase its
silks and its aces its cottons aud w)olens, Its
wagons carriages and furniture, its axes and powS,
ts mules and horses. and much Of food, and when
these shall be paid for there will remain small means
for maintaining the fleets and armies required for
carrying into effect its numerous and extensive
schemes of aggrandizement 1t has now entire free
dom of trade in by far the largest part of all the com
mOdites required for its consumption, but under its
new system duty Of 30 per cent upon all the COM
modites that entered within its limits would by no
means suffice for its expenditures. The hrst act OF
the new "free trade" Union would, of necessity be
an increased interference with trade.
The southern mode of carrying a Government is,
however chiefly by aid of loans. Under the northern
system that prevailed from 1929 to 1888 we paid Oft
our debt. Under the southern one, that prevailed
from 1884 to Is42, we contracted new debt at six
per cent after having paid off one at three per cent.
Under the tariff of 1919 we commenced anew
to reduce the debt but when the South again
obtained control of the Government we again
into debt for the maintenance of war for the
accomplishment of southern objects. Such being
the case, we may reasonably suppose that the new
slave Republic would, in the outset, endcavor to
stretch its credit, and thus far possible avoid
the necessity for taxation Here, however, il would
encounter great difficulties Ofthe eight States there
three that have not paid their old debts and until
they shall DO so, they will never be permitted to
tract new one. Texas, Mississippi and Florida are
now in state Of reputation, and they would consti-
tute three-eighths of the Republic. Such a
Union would have no credit even for the most lauda-
bic purposes and still less when It's object was boldly
proclaimed to lie to reopen the African slave.
"trade," to preserve domestic seryitude" and to
defy the power of the world" The commercial
credit of such community would be on a par with
that of Algiers, Trpol, Tunis, any other pratca
community Neither Europe nor America would
lend money for the promotion of such objects, par
ticuary when it was clearly seen that the only
eject Of the accomplishment of southern schemes
would be to increase the quantity OF southern
produce pressing in the market and 10 diminish its
price Every capitalist knows well that the larger
the quantity Of II commodity that must be sold, the
poorer and more dependent must become its producer
Every such applied TO for loan would see that
the whole tendency of southern projects was toward
increasing the competition for the sale of southern ppo
ducts, The only ones rhose prizes nor falling
notwithstanding tie increased production Of gold aud