New-York daily tribune., 1857-10-26
FROM FLASHING TON
EFFECT OF THE REvULSiON.
e,srsspopeepes Of The N. y Tribope.

TIE i'm ore ssion existed in the Treasury few days
sipce that the returns for last week would show an
improved eond tion Of trade by exhibiting an Increase
of receipts from cus.ous but this expectation was
fsciou,. The revenue for the week ending the 10Th
wa oply $40, $50, lower than for any weak since
tae end Of Jure. The decrease Of surplus was
81 COS g79, and the balance is reduced 10 little
more thsn ten millions Of dollars, IL ,lusive Of seven
and half millions in the Mint aud branches, which
the Secretary considers appropriated for the par'
chase Of coin. Upon this construction 'he actual
balance available for the general purposes OF the
Government 10 only $3,0cO,0O0.
In view Of this very rapid decsdenco Of the
Governments finances, it is not safe TO predict
anything, save that the nightmare Of surplus will
not soon again disturb the slumbes of the Iespecta
BE fogies Of the Treasury. But l am disposed to
eoncede the correctness Of the assumption that no
loan viii be required. The present is probably the
lowest point Of depression in customs of revenue.
Indeed, understand that the daily receipts at the
several collecting points are respectable IN amount
Tbs week. The expenditures are also raPioly De,
ehDDg. The drafts issued last week were Tor about
s., 900, 600, of which 81 600 was for the re-
demption Of the public debt. That source OF out
lay has been stopped.
The great building operations Of the Government
viii be generally sackened, but in this District the
public works will be prosecuted without remlssl 'n
Of activity. / understand that a great number Of
stone cutters, qusrrymeD, masOls, teamsters and
kborers are required on the line Of the Washington
Aqut duct, and / suggest TO the unemployed at the
North this OF occupation likely 10 furnish
many Of them substantial relief.
II is an indication Of the sectional venom which
fills the natives Of that little pepperppt South Caro-
Al fha ms
mereial North with unallOyed joy. IN circular,
issned by the Bank Of South Carolina, the first TO
suspend after the example of the philadelphia banks,
the dstresses of that portion of the Northern popu
hti0n deprived Of business furnish a theme OF
seif-cODgrstulatOn. The writers recur to the sec
tOna) conflict On POLITICAL issues as pretext for
asserting that the South will be exempt from the
suferiDgs which must aillct the North. They evil
IDENTIFY regard, wish others to regard, the crash
and disaster in the Free States as judgment upon
them for opposing Slavery.
Since Nick Biddle and the monster went down, il
hss not been usual for banks, in circulars explaining
the causes Of their own suspension, to 20 very deep
fy into political casuistry since that is matter
which the stockholders prefer to discuss in their pri
vate capacity; but the wise saws of these intncers
spggest a survey of the political bearings Oi the
crisis leading TO conclusions quite different from their
own.
The most obvious tendency Of the reyulsiOn in
m0BtLdTy AFFAIRS, Is u Iuhht luc UtSIo
product in all the States north Of South Carolina
and 10 make ber northern line the frontier of Pro-
Slavery fanaticism.
1t viii, therefore, assist to preci 2itate the negro
upon the extreme South. If cotton, tobacco and
sugar come down to so low price that slave will
be worth only two three dollars per pound for the
cultivation of them, the business of raising slaves
Er sale will be necessarily abandoned from unproht
Ableness. As soon as that takes place, the great
plantations will be cut up, and come into market for
sraall farms. Where land is high slaves cannot live.
Net only will they be cent away, but as they cannot
be 70 readily sold as heretofore their masters will
70 with them. The large stakeholder and land
holder has fixed habits of life. He resides in sort
Of barbarc state in the midst of his patrmonal
sores and his servle dependents. He cannot become
4 farmer He must have both room and authority.
Thus vacancy will be made for another class of
population.
and harj.bip will turn the eyes ola great column OF
Northern W lrkDgmeD, but lately busy aud happy,
toward the cheap lands and genial climate Of Mary
Snd and Eastern Virginia. The hive OF New
England, New-YOrk and Pennsy vana is becoming
crowded, and the swaTms about to issue. They
must and will find place. Kansas, Nebraska and
California are distant Wisconsin and Minnesota are
vigorous and inhOsptable. Virginia has but little
over ten white men to a square mile; New-York
nearly hundreds Massachusetts one hun irei and
forty The white men of the NOrth have not been
invited and will not be invited into this almost
wilderness the future seat of empire for this hemis
phere; but they will Co. The Goths were not wei
come TO Italy and Spain, bat they went. and
took their institutions with them. Such is always
the procvity and the movement of the North to the
SOuth. IL is true, that 600, 900 natives OF Slave
States had 10 1850 sought and found homes n the
free Northwest, but they had fled fbOm Slavery.
The moment the business of slave-breedlng Is
broken up in the border Slave States, that moment
they become free. The political quacks OF Mis-
sissppl perceive the danger OF losing these States
but are totally ignorant Of the cause. Tney pro.
pose to shut the markets of the South against Viz
SiDian negroes, arguing that such measure VIII
keep the crop at home. This ridiculous proposition
would sever the olly tie which now connects Nlr-
gnia and Slavery. Exclude the drover with his
epfhes from the South, and you make the drover
himself shrieker for Freedom.
i have now under my eye two notable examples
Of the Virgiuan system and Of Northern emigration,
Last week Mr.. Gusts, grandson Of the vile OF Cen
ersl Washington, died. lie had resided for half a
century at Arlington, an estate opposite Washington
City, on the rivers bsbk, Of one thousand acres
Arlington supported fifty OF sixty slaves, but Mr..
Cashs derived HE support from an estate on Po.
morekey River, and another one on an island in the
Bay, both Of great extent Here were mauy thou
sand scres devoted 10 the subsistence of one white
family. Mr.. Gusts was extreme but not un-
common representative of the old ancestral Vircnia
shvehoder. Whether he had anything 10 do with
tho breeding Of slaves do not know; he certainly
discouraged the breeding Of men. The other case
IL thisi -Four years ago, there was within few
yards OF my door, TN estate Of 400 acres belonging
70 Washington family. IL was equally divided by
public road. One-half Of it was sold to company
ofNorthern farmers, to be appOrtlOned amoug them
selves in lots of fourteen acres This part WAS
kollp axha a1 al tho LAT