The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-19
LOUISIANA.
gHE IRAKoIAL CBIsis At raz soyra-corro.-

LOUISIANA.
THE HRAfoIAL cBIsis AT raz sogra-corros-
yHs DELTA.
From The New Orleans Delta. ON I0I
Tue wriiey, Whose oommo nostion Ne publish elsewhere
signature OF "OOttou Planter" evidently ~aSsa
. victim, and npdrg the Dsd coovenisnsiy 81 b Nd d.
terminea 10 make that VICTIM the Delta We WuA his sis
bcr.e attack upon references 70 oostsyv
and commerc,s AFFAIRS has done more 10 wards sssus~.
his cholsr than IL has disturbed our equaRimity. or =
likely 70 ageot reputation sof Judgment fairness aAd
We could well afford, were we 20 dizposed 70 psss b.
tho pointed OF the munioatioa TO the Da
.,thous oommen. leaving the srtsr's soaewhss hxsA
sent course and steady and Independents
in similar tepor hereafter. Bat II peases a. 70 nuke
70. reps'ks IN this connection, and briefly - may 30 ~
Cotton Planter very ocmplacensy oSsractszss - "prs
y sa s ~ S % ~ s sse
ton had been held In New Orleans the week Previous, ~
prices equivalent 10 he quotations in Liverpool snts wsa
gard - slp Of the pen or error Of the head. We
beg 70 relieve Cotton Planters sooitude the a
- our PEE S o. me =.
question belongs 10 neither Of the oaegoFies which
generously referred 1t, but 10 substantially true ami fuy
Cotton Planter will or shoaid remsmber thas On shs In
Of sks month mddlng cotton held at l6 os end over
oon would In ore In Liverpool 10 osd. free q Il
other charges Yet u that very time the ass inteeonos
per steamer from Liverpool, showed shas cotton q u
cotton taken at 1ak cs freight "a exohAses
9s and will cost laid down IN Liverpool 45d OUTSIDE
Of The 10 per cent usually assumed ~ covering she Liver
7hs ast quotations from liverpool by the Nassrs ere
Ad attended BY heavy n,a,ket The stock on hand n
middle Of September; and was not likely that kaashes
tor spnners, assuming that there would n - . baa 4
the old stock In Liverpool the 18th Of - Dor voaI
be In haste 70 give ten pence psr pound Tor 6 few o
goes cleared heros me LIST Of September in yeW q
The expectation fall resnlting from . general msaa1
larry pf6st uso Ia the United SAtes
These facts and the evident corolsres they invoive
need special comment They eGeotually vindioase NJ
expressed and he predictions made by the DesI
whether In s general editorial or monetary columns, u
reference 10 the cotton Market it, and ne0eam
ties, and the causes and contingencies affecting likely
anect II.
fbe amos. Universal soveDcy independ en,e and toa
freedom from pressing liabilities depicted 10 glowngfy b.
Cotton Planter ~ the condition Of the cotton planun
COMMONLY In the South 10 very feicitous indeed
We only With there wss less fancy and moro ron
fact 10 bis description We only wish his ideal oonoepac
euld be, exated substantial form and mor
ooncrele shape; but, - Il II, many cotton planter, an
msny cotton planters iac,or win deploe With N TIM
to view point blank st this very time
One thing quite certain II cotton planters In genera
are free fscm liabilities; If they have not heavily
the expectation OF . comibg crop, 10 make investments
msTe lard and more negroes q fearfuy high prices
ther acsoru standing between shem and The monetar
world have not incurred heavy Eabes their ccoun
then planters and factors afford TO n antan ver
sn po'iion ana stand out against the undeYbiddins Of n
tnte period, or h least until the latter compelled
purchase 81 The prices demand cd or TO 60 without III
need'ul rtsple altogether
We tncerey trust the general condition OF the man ee
and their factors may Approximate 1t least to that abo
,keched; and II does, We may hope ths. their JOIN
pool and Manchester demand for reduction In spite
OFF suit exthsnGe, earAlyuc banks fagscous specie en-
Adisagreeabe tendency 10 . universal financial pAnic
Cotton planter deals rely with those meronsns WI
took the porsb,ty OF subscribing to the reduco
IN co'icn n the critical unciurs when the whole
rta rrvrs.u tn 10 fxAvu 10
terrible explosion. According 70 abstract laws trsd<
doubtless, the reduction not just dersnsibls Bal
oeses tho ordinary s~s OF trade that & deaf 10 rsss
and bird 10 Argument Panic 10 democrat and lsvee
Is shs both high and low, and cspenses 10 evils, IN
inssnco panic hss not resisosd oct on many . cotas
factor has had 70 look II In the face without bslz
then, TIA, seine or our cotton factors gave way, g
suffered . reduction from the previous stu quotaaoa
No wopder Al al; and whom We consider that such Q
cucon vely pro baby saved many factors from prof.
and poseiby factors others related them In b
sinoss from failure and that several heavy protests a
Of crsst involving both factor ana planter ~
all commercial interests In tue city, 1nd exceeding
difficult to regard me reduction either gross inis
ce at the hands OF the fActor, signal and unit NJ
bunder.
Cotton Planter eoucsves tho very singular Idea that q
monetary department aided 10 eject decline In costo
inasmuch a. II freely meutcd upon The tendency
aalrs snd predicted The OF existing fa
or poneiary ooumns l TO con not n,S osre, q
material error or inconsistency, the7 very nGnay
hbii the close scrutiny win which scanned the press
and he prcsccnoe with which LOOKED into the fusur
But becsrsc, forooth, the Delta predicted long advsn
The decline which vas recently suffered In cotton, n
guilty Of productDE aiding 70 produce, thai uspleas
casstrophel Verify, " this 10 n suStaiuAble aocussus
then 70 reason from 70 ensct must be dsnxeros
and 70 predict future event must be fatal.
We have 10 say, fin ally, thai shall hereafter psrsj
the tame Independent and Out SPOKEN regard
norenry and commercial matters that Ne have here
fore pursued Without fear, favor affection, q
com meui upon STAIRS va hnd them, state faca a.
hnsw Them 10 be- give deductions for what they
be worth, ard Always upon ali subjects OF public insr
and proper for public mention and dsoussioa 10 utter
truth without ccnoealment. ambiguity suppresson.
70 not our misson 70 "buIl" up cotton By any aria
stimulation or "bcar" u do IN By exsgEeratng q pam
Planters and factors, buyers and sellers,
lenders may expect truth and justice I'll hands
nothing more. Az 10 the planters especially We have
fear Of being brought into odum with them. II
only TO day or yesterday thai rmnAion to defc
htr jufi nie and vindioaie their highest rsh1s
manifested. II has been dcmonstrao too long and \
stslsenty - need that No should give any
sursnce OF u Al present Otherwise tbsn by continuing
do ~ We have heretofore 6ore-to be ~hal ha
been, 70 be what We Ss-bsstcring NE nsuu ssoa q
mast Al nn~xlttt