Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1857-11-04

loading the company win script ulViOelu aitAosl
worthless to the stockholders.
With proper management and prudent outlay OF
money in repairs necessary to be made from year
to year. your committee can see nothing to prevent
the continuance of the prosperous condition OF
your affairs.
Respectfully submitted,
T. BROWN VENABLE, Chm'n.
The following article from the New York Herald
is pertinent aud well put, that we have pleasure
in transferring it to columns. There is phios'
ophy in its facts, more potent and suggestive tnan
all the rhetoric anu ranting defamation which have
ever been employed to excite morbid sympathy
for the happy, well.fed negro Of the South:
TIE MONETARY CRIsls-ITs COMPARATIVE EFFECTS
ON FREE LABoKERs AND SLAvEs.-lf the effects OF the
terrible financial hurricane that is now careerng
the whole country were to be cOnhned 10 tue
breaking down OF insolvent railroad companies, rot
ten banks and swind!ing stockholders and TO The
contraction Of the ovcrblown credit system OF the
land, the visitation might be regarded rather rs
curse. AS it is, it will have many beneficial conse-
quences. 1t will nec ssitate economy, and make en-
ravagance questionable. 1t will reduce to their
proper level those who in the late general prosper
y of the country atit cted the airs of old ars.o"
racy. 1t will cause many bubbles to burst, and in
atioEs of all kinds to collapse. For all these elects
of the panic We could rot be too grateful.
But one consequence has already flowed from it
which is indeed deporabfe, and tile evil, we are at
winter. We allude to the cessation of work in many
of the large factories and in almost all the branches
of trade, and 10 the forced ideneSS OF thousands
and ten thousands who depend on their daily toll
for their daily bread. 1t would be very moderate
estimate to take the number Of persons who will he
so di>employed during the coming winter in the
principal cities of the North at 100000; and these
would probably represent million mouths that will
be crying for bread. On these unfnr,unates the fl
nancal crisis will bear with fearful effect Luxn'es
can easily be dispensed with, and therefore those
who will he deprived of them require no great sym
patty; but, when poverty aud starvation come up
on families, them indeed. the trial is terrible. With
a mil ion of mouths crying for bread in our large
cities hardly hope to escape scenes of d'Sor
der, riot, and, it may be, pillage and piunder. We
trust however that dreadful anticipation will not be
realized but that humanity and hcnevolence will be
exercised 10 such an extent as to prevent any one
diving Of starvation in our streets, and 10 guard
against the perils Of riot and piagc. Nevertheless
it is obvious to all that these dangers are not by any
means imaginary. 1t is bnt too certain that the sui
erng> Of the laborng classes in our cities for months
to come will DC great, and that thousands must en-
durc the ha, de>t privations.
How is it with our friends in the South? The
southern States have not escaped altogether the con-
sequences Of the present panic. There, too 1t has
para yZed trade, and commerce. closed up banks
and deprecated State stocks, railroad stocks, and
every other class of paper security. Merchants :hcre
have faIeo, and traders been compelled to suspend
But the poor-the laboring class. how is it with
them? Are they exposed to the pcris to which the
laho,ing classes of the North are Subjected? Is
there any fear Of single man, woman, or CHI Id out
Of the three millions of negroes theie. dying from
cold or starvation. Will any of hem he driven to
beg in the streets for bread many of our poor me-
chanics here will doubtless be? Will the poor
houses be filled TO ove,f"wing, and soup kitchens
beeaguerrd by starving hosts. Let the cant'ng
whining crew Of northern abotioniStS answer these
hn, o,Ix LII. h.ns
situations unknown at the South, and they will con-
time to be unknown there throughout the
coming winter. The three millions Of .aborers at
the South will not, undertake to say miss any Of
those necessities and comforts of life to which they
have been always accustomed. They will be clothed
ard housed and led II heretofore, and will probably
b. ignorant Of the fact that these are hard times.
In view of these iaCtS-in view of the cOntrastcd
effects Of the crisis the free labocrS OF the North
and the slave laborers of the Snuth-how can any
candid, common sense man profess the belief That
slavery is h"rrible a,rocious. accused, G"d-defy.
ing sin-'the sum of all in;ques!" Doctor Cheev-
er attributes our financial disasters to this very n
putty, and TO the fact Of the nation having accepted
the decision of the Supreme Court in the bred Scott
case. But let him or any other ab"litinniSt fancy
to himself what would be the condition of these
three millions of slaves if they were to day cmanc
pa:ed. What proportion Of them would fall victims
to cold ard hunger during the coming winter? Let
these phianthropsts reconcile if they can, the COM
parative comfort and the positive safety Of these
three million slaves with their creed that slavery is
the sum Of all iniquitcs Without slavery there,
thousands would perish Of want; with it, there is
not the slightest danger of of them feeling the
pangs of hunger. Would that We could say so much
for our free labore,s at the Ncrth 1t is such trial
as this that ores mems eyes to things they really
are. Let abolitionists and anslavery men take the
practical lesson that is herein offered to them and
we will hear of no more agitation on the subject of
slavery.