New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-11-30


hankrpp 81 forty milons Of dollars, would BE-
hsacW instsad IL above the mark. e ~ atsts
BIZ, Il te vast losses to which Meahaye been sub
jected, III thu depreciation Of our great stapes and
other property ID The mighty sacrifices our merchants
md zaden every whese have been compelled to make
y meet their engagements and maintain their com
mescia faith nnullied and the general Inconvenience
and damage indicted upon everybody by the causes
mentionsd only lead to the abrogation Of
he present unnatural systemof trade, ind inaugu.
ratesa proper and profitable system Of direct trade
between the South and Europe, utterly passing by
New York, Boston and PhilAdeiphis, II woaid be the
hest investment tie South could make, if the nations
~ the earth otsfsd her any variety of choices BY
laying them At her feet and would more than com
psnsate her for the losses she has lncomphiningly
borne fcr i full quarter Of century, Is less than
half decade the damage would be made up III a
twofold proportion &. ,s,,sIl h. Il,
VIII ths late and present and prospective lesson,
have this effect will it bring about this gloriousy
auspicious result !? We hope and believe SOTO q
great extent, although the difficulty Of arousing the
Southern people to proper appreciation Of their
plain, palpable nteress and rights has years since,
passed into . proyerb. They can be made to under
stand clearly enough but it is hard to stimulate them
united practical action "a more intelli people
exists not on the globe. Present q theory to them
and they will comprehend it Immediately, and talk
well and learnedy aboutit They particularly affect
| public meetings. In these they are unapproached
and unapproachable. They can make more eloquent
speeches on any given subject adopt larger number
Of better written preambles and resolutions and give
expression to greater amount ofpatriotie feeling
than any other people the civilized earth, in less
time and at shorter notice And too frequently this
Is the and substance Of their endeayors notwith
standing Southern progress has been remarkable
during the last ten years. ,.ostss6 n ~ s.5
In very considerable degree this absence Of prac.
tica action the part Of the Southern public attr
butable to the invariably unjust Determinations Of the
Federal Government in favor Of the North to the pre-
judice Of the South. The idea has been studiously
persistenty and sophistcally nculcated into their
minds that they were an agricultural people, and
could never become anything else but an agricultural
people and that the Northern people were peculiarly
calculated for commercial, manufacturing and marine
pursuits with whom it would be almost criminal folly
for to endeavor to compete and that they were,
consequently, entitled to the fostering care of the
general authorities Of the nation
Although the success which has attended our com.
mercial manufacturing and railroad systems, has ex-
posed the falacy Of these propositions and led our
people to rely more upon themselves and less upon
Others STILL until recent events barely referred to in
previous portions of this article showed the unsound
ness and rotenness Of the Northern systems and the
sonndness, stability and soyency of Southern systems
of business and industry, there were hundreds and
thousands Of best and most substantial citizens
who would forbiddingly shake their heads when any
project having Southern Acknowledgement and devel
opment in view. was brought up, and despondingly
declare that nothing could be done as the South had
no capital and the North all the capital su1 !a
Late occurrences,w imagine, have opened the eyes
OF these respectable gentlemen Of the old fogy class,
and proved conclusiyely to them that the boosted
North would have precious little capital to 20 upon
II the staples Of the South were withdrawn from
market . single year. If such is not the case they
are beyond hope. ai5 5s.'so 81, 4 1T,
A system Of direct trade would be Of incalculable
advantage to the Southern cities and people. We
have no room, In this issue, to 60 into full details
We will therefore, conine ourselves to one simple
practical illustration, as to its effects upon New
Orleans, which illustration isapplcable to every other
southern seaport, the relative importance Of each
being taken into consideration New York imports
vastly more than all the other cities of the Union
combined. The import trade being in her hands
gave her advantage which made her years ago the
center Of finance and commerce Of the United States
"a position to which she was not half as much enti
tied as New Oreans--for it was an unnatural, false
and stimulated course of trade, which built up the
colossal fabric Of her supremacy --while with New
Orleans the case s and has BEEN precisely
New Orleans, with hardly 1.-THE OF the imports Of
New York, exports far more than New York In
fact without the exports Of New Orleans to pay for
the imports Of New York, the import trade Of the
latter city would right speedily dwndle to compare
tive insigncance, and she would be made to surren-
der her claims considered the sole arbitrator in
all matters pertaining to commerce and finance Her
glory would depart in twelve MONTHS never to return
Now, on the other hand suppose the exports Of New
Orleans instead of being used to promote the aggran
dizement of New York, were under judcious system
Of direct trade with European countries made tc
bring the imports hither assuming the only safe basis
that the imports should go TO where the exports e
from! What would be the result2 Why New Orleans
would quickly become the greatest importing as wei
exporting city of the Union her commercial ant
financial grandeur and magniHcehce would battle cal
culation. Mobile would import as largely as Boston
Charleston as largely as Philadelphia eacl
would progress prosperously on solid enduring bust
uoss ieuuua'iu iurisueu ny tne lhcb tnat tnelr I'm
ports went hand in hand with their exports.
Wewill now bring this article to close, by ap
pending some sensible remarks from recent humble
Of the Washington States on this subject which w
commend to the consideration of our readers:
j is simply ridiculous that the Southern States
which are regarded to great extent, as the arbite
OF European politics, through the lives and interest
depending alone on its staple, should be in such ,
position that the smashing up Of the banks in New
York could paralyze its commerce. Let the Soutl
transact its own business with Europe let il not b
In the hands OF Northern brokers and obbers. Let i
not, by this Means contribute immensely to sunnor
an agent which assumes the airs OF master and die
tate the movements Of the hand that puts bread int
our mouth and marble palaces over its head Let III,
Southern men remember that the exports OF the Soutl
are more than twothirds Of the aggregate exports
the whole country, and calculate the Immense sum
lost to Southern interests, and the prestige lost h
Southern principles by not having direct trade com
/ mensnrate with the extent Of Southern products.
The statistics Of the fiscal year ls55-'56 exhibi
the total exports of the United Suites to have bee
: $266A3s ,05l, not including coin and bullion. 0
this sum $l47 ,954 were exclusively for Souther
d products. Adding to this amount, as a commercia
writer suggested some time ago, SoS, 1888 900 bein
onethird Of the forest products and breaistufs I'M
ported the South will show an expectation of SITS
1884, while that OF the North will be scarcely NOR