Arkansas true Democrat., 1857-11-17
The Money Crisis-Its Comparative effects
 on Free Laborers and Slaves.

The Money Crisis-Its Comparative effects
 on Free Laborers and Slaves.
 The following article from a northern con- temporary furnishes some suggestive facts, which we transfer to our columns for the benefit of our readers:
 " If the effects of the terrible financial hurr- cane that Is now careerlng over the whole coun- try were to be confined to the breaking down of lusolvent railroad companies, rotten banks and sWlndhn9 tocklobbers, and to the contraction ot the Overblown credit system of the land, the visitation might be regarded rather as blessing than as a curse. As 1t Is, it will have many beneficial consequences. It will necessitaie economy, and make extravaganza untashionable IL will reduce to their proper level those who in the late general prosperity of the country affect ed the airs of all old aristocracy. It will cause many bubbles 10 burst, and iniatons of all kinds to collapse. For all these effects of the panic We could not be too grateful.
 But one consequence has already flowed from 1t which Is indeed deplorable, and the evil we are alraid. will continue and increase during the coming winter We allude to the cessation of work in many of the large factories and in al- most all branches of trade and to the forced ldleness of thpusauds and tens of thousands who depend OH their daily toll for their daily bread It would be a very moderate estimate to take the number of persons who will De 50 disem ployed during the c"mn9 winter in the princi- pal cities of the north at 2UOOUO; and these would probably represent mlGon mouths that vii! be crying for bread, On these uufortunates the financial crisis wll bear with fearful effect Luxurics can easily be dispensed with, and there tore those who will be deprived of them require no great sympathy; but when poverty and star vatlon come upon families, then, indeed, the trial IS terrible. With million of mouths cry. ing for bread in our large cities we can hardly hope to escape scenes oi disorder, riot, and, it may be, pilla9e and pluuder. We trtlst, how ever, that that dreadful anticipation will not be realized, but that humanity and benevoIence will be exercised to such an extent as to prevent any one dying of starvation n our streets, and to guard against the perils of riot and pIlage. Nevertheless, it is obvious to all that these dan gers are not by any means imaginary. It is but too certain that the laborng classes in our cities for months to come will be great, and that thou sands must endure the hardest prvatons
 How is 1t with our friends in the South? The southern States have not escaped altogether the consequences of the present panic. There. too, 1t has paralyzed trade and commerce, closed up banks, and depreciated State stocks, railroad stocks, and every other class of paper security. Merchants there have failed, and traders been compelled to suspend. But the poor-the la- boring classes; how is it with them? Are they exposed to the perils to which the aboring class es of the North are subiected2 Is there any lear ot single man, woman or child, out of the three millions Of negroes there, dying from cold or starvation? Will any of them be driven to beg Tn the streets for bread, as many of our poor mechanics here will doubtless be? Will the poor houses be filled to overtiowing, and the soup kitchens beleaguered by starving hosts? Let the cantlng, whining crew of northern abo- ltlonlsts answer these questions. Poor houses and soup kitchens are institutions unknown to the South, and they will continue to be un- known there even throughout the coming win ter. The three millions of aborers at the South, will not, we undertake to say, miss any of those necessities and comforts of life to which they have been always accustomed. They will be clothed and housed and fed as heretofore, and will probably be ignorant of the fact that these hard times.
 In view of these facts-in view of the con- trasted effects of the crisis on the free aborers of the North and the slave laborers of the South how can any candid, common-sense man pro- fess the belief that slavery is horrible, atro- cious, accursed, God defying sin" the sum of all iniquties?"
 Doctor Cheever attributes our financial disas- ters to this very iniquiy, and to the fact of the natlon having accepted the decision of the Su- preme Court in the Dred Scott case. But let him or any other ab,litionist fancy to himself what would be the condition of these three mill hons ot slaves if they were to day emancipated. W hat proportion of them would fall victims to cold and hunger during the coming winter? Let these phlanhropists reconcile, if they can the comparative comfort and the positive safety of these three millions of slaves with their creed that slavery is the sum ot all iniquties. With out slavery there thousands would perish of want; with it, there is not the slightest dauger of one of them feeling the bangs of hunger Would that we could say so much for our free laborers at the North. It is such trial as this that opens mems eyes to things as they really are. Let abolitionists and anti slavery men take the practical lesson that is herein offered to them and We will hear of no more agitation on the subject of slavery.