Anti-slavery bugle. [volume] (New-Lisbon, Ohio) 1845-1861, 1857-10-31
THE SOUTH IN REP0sE."

| When the first blow of the revulson fell upon
the North, the southern papers plumed themselves
upon their safety drew invidious distinctions be-
tween their impregnaole strength and weak
ness, and attributed it all to the inherent evils of
free society. contrasted with tho blessings be-
slowed by slavery. Even the New York jour-
nal of Commerce could not forego the chance Of q
crow, and solemuly announced that while the
North was tossing in fever of excitement, the
South is in repose!" But the boast was prema-
ture The repose of the South was shortlived.-
.he fever has overaken it, too. Cotton has deelin-
ed from l6 to 10 cts pound, and stagpation has
fallen upon its busy marts. The following 10 an
extract of letter from one of the FIRST drug house
es in Mobile
at is not possible to sell frsrate business notes
at any price, and if 1000 bales of cotton were of.
fered at five cents por pound, cash, it would not be
disposed Of"
The Philadelphia Ledger paper with Southern
proclivites says:
1--WE fear the wors. consequences for those of
our merchants who have been doing far off bust.
ness, and especially those merchants in the Allan.
tic cities who have failed because there is always
less disposition TO pay dead than a living house,
The South is utterly without money, and number
of instances have reached of very petty pre-
text as excuses for nonpayments."
With regard to the effects of this revulsion upon
the South, the following specuiations by Washing.
ton correspondent of the N. Y, Tribune are worthy
of attention
Il am one OF those VINO beileVe that the effects
of the present crisis will be felt for very long time
andwill work important political and social changes
both North and South. | can discern hope Of
recovery for those vast rail road corporations
which have suspended. This blow will fall chiefly
upon the Norh. But the South will experience
more striking and permanent change. The prco
of cotton has already gone down from sixteen to
ten cents per pound, that of negroes from
twelve hundred to eight hundred dollars
per head. The business of rearing coored human
erchandise for sale has been suspended by the
panic. Is will not be speedily resumed. The
prices of all staple Southern products have equally
declined. Tobacco and sugar in the current
with cotton. If, distinguished Southern pol
itician told me few days since, the loss on this
years cotton crop is sixty million dollars. COM
pared with last there will be no sale for largo
portion of the crop, and of demand
for negroes. Then the struggle for the extension
of slavery into planting regions will be with-
out an incentive. Then the fierce fanatcism of
selfnterest, which set all the patriots Of Virginia
to bowling for disunion last year, from the fear
that Fremonts election would cut of the sale Of
their crop, will be converted into very mild in
difference. and possibly give way to a sentiment of
Christian respect for the ghts of their Defendants
The like causes would produce instant change
of public feeling in Maryland. Kentucky aud
Missouri Nothing could prevent them from turn.
ing traitors to the South. Such change of front
would make revolution in our politics."