New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-23
TRUE AS DEMONSTRATION.


sin the Richmond South, Of the 18th inst, we una
very 9bIs ana elaborate article headed
i've Tariff 10 Remedy for Financial Embar
from which Ne extract the suhjoiued paragraph 81
The presSIt crisisWiIl show that the slave labor
stps 81 the South viii furnish the means of extri-
cation from commercial indebtedness II will show
ne South ne IRON distress OF emOar
ulation 0f the North has caused. How then can the
North censnre that labor to which she will owe her
coinmercial existence1 Hew can she pirate of her
Independence when. hut TOT the AID OF soatnera re-
he world This financial reyusion filling her land
with beggary and shame, viii teach the North iess
son Of commercial mortality. 1t may cause her men
1of capital, and her dsbanded laboring thousands,
now contemplating an approaching winter with ter
ror to recoil from that chasm Of dsunon into which
such advisers and such arguments we have referred
to would drive her, with indignation and horror.
7 Very well and truly said. But the whole question
is not grasped 1t is true that Southern slave grown
staples afford the only means Of enabling the North
to emerge from the vortex of bankruptcy in which
she is now plunged but is equally true that for the
last decade during the most prosperous seasons there
is not Northern commercial or manufacturing city
that would not have gone down into abyss of ire
trievable insolvency had they been deprived of the
capital supplied by slave grown products from the
first Of November to the first of Mareh-so complete
is their dependence upon US, and 80 empty their
boasn claims to the possession of enormous wealth.
The commercial and financial fabric Of Christendom
rests upon the fruits Of Southern negro slave labor
Let that labor by nscrutable dspensaton Of Prov
dence or by any other means, become wholly unpro-
ductive for single year, and the earth will witness
bankruptcies, ruins and disasters, to which all the
worst combined that have ever occurred would hard
ly furnish fitting parallel This is fact intelligent
men North and across the water understand fully |;
but they can effect little nothing with the masses
in their mad crusade against slavery against the
very institution from which they derive the most ben
cit, and which, more than NIL things else, sustains
them.
AIR. Greeley, editor of the New York Tribune, will
70 to work and figure out to his satisfaction that
the North is infinitely Weather than the South in
proportion to numbers. he will tell his readers that
The hay crop Of the North is more valuable than the
cotton crop Of the South and that the cattle crop Of
the North is worth more than the tobacco sugar and
rice crops Of the South. Hay and cattle valuable
There is no doubt Of that. Nobody disputes the
proposition But, the editor aforesaid omits to in
form his readers that the Northern cattle eat up oil
the Northern hay, and that the Northern people eat
up all the Northern CATTLE and, consequently there
is little or no surplus left and that the wealth Of any
State or community Of States, consists in the surplus
which, after supporting itself can sell to its neigh
bors, and thus realize 50 much clear profit. i
We of the South, on the contrary, as a general
thing, raise enough to support ourselves and have
our three leading staples for sale and export
plus. In a few years we hope to become entirely a
selfsustanng peopls and if we can get direct trade
with Europe, build few more railroads, quadruple
our manufacturing establishments, and develop our
vast natural resources onetenth the extent of which
they are capable all Of which objects be easily
accomplished, we will occupy position that will ena
BILE MS to smile upon, while pity the North. should
universal and irredeemable insolvency overtake her
Southern exports have paid for, years and years,
Northern Imports How long shall this unnatural
state of things continue Not long we hope and be-
ieve. We trust to see the day when the imports
shall come to the places whence the exports 60 FROM
and then all will be well.