Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1857-10-23
NUMBER So.
DIRECT SOUTHERN TRADE.

Wnere business has worn for itself cbanne,s -
f..ogiat airectlon where connections have be-
anl, ot the carrying on of that business il j. :.
.t " change It's course, or sever the cunueg: %. :
.nas nave grown up. 1t is only under the pressur o.
NC" aua peculiar circumstances, or through 8 7--
oi time that any radical change can be efy-r.
tIa e., IeoI'es or theoretical arguments have 4
no enece, uness enforced and assisted b. sch
incidence OF events az to force pubic attention
public effort to the point aimed al,
~ wouiu appear 70 US that the present per!oG s
one peculiarly favorable for drawing the stten,c1
the largely producing and little speculative Snr,h
asu6ect whicn has been heretofore pressed upor >.
attention with very small resuts-we mean the tr,rs
action of her own business and the msnageme.. ;;
her own exchanges.
After all that mas been said-sfter a the alo aE--
that has been made for undue expenditures througa.
out the whole country including even the SouIb 20
TACT et remains, that the present difficulties o. -5
country mad their origin in movements for which 81
oouth Is NOT responsible, with which she had no cca-
nectlon from which she could receive NO profits, rni
oy which che sustans loss. Ii is not drear,
thst any thing existed the condition of the South
sell, which could have either produced a pressu-e
among per people, or enforced suspension on b
part OF ner banks Her produce had been sailing
prices IN some cases high; in all remuneraye Il :
purchase had not been beyond her ability to pay
VI Der staple products at least three fourhs had beer
Consumed by those who had remained untouched IL :
sound; and yet through the failure of her agents 8.
the North, she ia forced to participate in the hnaucs
suffering, and her monetary system 10 compelled 10 %
by the board for the present. This could no. hay.
been the case. had the commerce of the South b=r.
| IN the hands OF the people of the South instead cI
being tributary to the city of New York. and ic S
| Lesser degree, 10 other Northern cities.
fhe failures of Northern houses have been d
TO the failure OF the South to pay up. The Souh --.
met her obligations even more promptly thar usla'
| The pressure on the Northern banks has not bees
due to speculative movements at the South. IE-ra
has been comparatively little Of that. But the u es-
has been run wild, and the Northern and E4r'a--
cities have participated with her. The funds q: 'f
Northern SeabOard cities, have gone West 10 p FL!
ployed in wild manauverings-th means regi.E
for the crops OF the West have been taken for Land
speculation instead of for the payment of d-b's .i
Cured for goods. The funds which had gone We.i
instead of being paid back into the New York ,r,u
or Philadelphia Banks in settlement of debts cus
have been hurried forward for redemption in specie
Hence the violent contracon-the consequent ruio
OF private interests the ultimate suspensions OF tho
banks.
In all this the South has had neither Get nor par
She could have made nothing by tit per.s'naa aoI
10 her IN any way. Yet the commerce sustalneG h.
her products supplied the means for forwardjrs ts-
speculative schemes Of the North and West, scher,
in which these means were diss pated locked ,--
The New York merchant eau no longer do bus ate3
bills on New York no longer, rs they mature i,r..
exchange-the means of the Southern shipp.r- a.
banks are locked up, and they become equally g..
volved in the difficulties and Inconvenience .yeE
when not forced to become partakers of the losses ct
those in whose speculatious they had interest d
With whose movements they had no concern
1t 10 not that Southern products have failed - tc.
lance Southern consumption, nor that the real cor.
sumers and customers OF Southern products ley6
failed, that the South is involved in the general en-.
barrassment. The fault lies in the intermediare
agency both in the expectation and mportation ot
GOODS and recurrence Of such things can only bs
prevented by the energy Of the people of the Soul.
IN doing their own trading, and not leaving the ur
created 6y their products, at the mercy OF Nor,h.-
speculation. 90. ~
So long as the trade of the Soufb. power 20
present state of dependence aets of these peroc 'a
North, just so long willow prosperous her dom"
cure an immunity Or how prudently her own pun
commissions, % or how high a price her proc $40
sfisiTSs sds1 e. %ssnsF.e' %%ssnsF ''
.y ,,"y baors exported to IGop of the foreign goo
terests of the South that heavy defhClet' LOT 80
rims for specie We might cay, should be made"
our foreign customers. No country IN ihe No..-
could afford to bay largely OF the produc's ..
ther and pay fair prices, unIess by system 81 .'r
rocity-by exchanging commodities. II fa'inrrF
d.ranpemepts in New York compel sterling L 't.
hesed upop Southern products, TO 90 forward 10 sas
orast extent TO Europe, that specie may DC re'4'-
hers ip place of Them striDgency must aree ~ -
leading markets where those producs are eo.u O" "
consumed operating disasrously upon the prices {.
ali our staples, as will soon be- seen 10 ,ne Pre-
case This state of things would not ana couc ne
have arisen had the South controlled nef own S'I
merce. .., ,.,,,b, 80,
s,vthng will be learnt whether more wife nc
SAFE policy will begin to be pursued, remains - -
seen If nothing is learnt-f nothing 10 cont'
can oply say that the fault will not be because "o
lesson is not impressive enough or plain ehous
/ LL;yn;uoiou IN. C,1 Journal.