Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1857-11-06
The South laughing out OF the other
corner of their Mouth"


capitals, Of the North, and one after another
Of the number were compelled by the force
Of circumstances TO bow their heads TO the
storm and suspend or stop payment South
ern men, negro.tra,lers and cotton growers
seemed to chuckle over their misiortune',
while they bOastns declared, that the South,
the chivalrous South. would not in any de-
gre be affected by the panic, or suffer in
common with the North, financial revul'
sion.
Cotton, the gra, staple Of the South,
they declared would keep up at the high
rates then demanded for Il, and the suspcn-
sion Of the mills in the Free States would
not affect its market value. These arrogant
trader. m the souls and bodies OF men point
ell To fordrn markc, where they could re.
alisc a rich harycs, from the unrcquitcd toll
" their slaves Only few weeks have PAS
sCd away and how now stand these pompous
assumptions, pat forth by the cotton lords
of the South. IN answer - found In the
fact that cotton has fallen and gone down
from Il to IL cents to o cents pcuod-al-
mos, onrhalC and this depreciation has
come about hy no falling of of the price in
Europe. Thi, TALL has taken from the III
GOTTEN Gains OF the South H. millions, and
they have hy It lost more by hundreds Of
thousand. than has the North.
Hut this decline IN the price Of cotton, Is
no, to be temporary thing. This graf
article Of southern trade i no, only down,
but /, will in all human probability remain
80 FRA long time to come. We have re.
marked that in the European markets, the
price KEEP, up even after /, bad fallen about
onc-hali at New Orleans and other Ameri.
can markets. but IL will not remain 80. The
financial difficulties under which We are
now lahring. have already bcsan 10 b. felt
IN Great Britain, France. aud other foreign
countries. These troubles will operate with
greater severity upon them than they have
or will uron Us. There are legitimate eau
So At work which will make IL -, but we
have no space IN this article to alludo to
them.
Drag 4, much as they will, the South have
been AMI will b. more dependent upon
how, market Tor their cotton than UPON
foreign one, and when our own mill. in the
North stop purchasing, it has rurnou' oP-
grafton on the trade. All past experience
demonstrates this.
Bu, thi. loss to the South. in consequence
Of the depreciation in the Pre-" u cotton Is
not all the South loss. by thi. fall. when
cotton commands an cIorbitnut price, their
ia rroportiona,c demand ior tho labor
which produce, IL, Cotton Is raised 10y the
agency Of 800, labor, aud when the article
i, high, slave property and slave labor both
have corrc.ponline relation a' 70 value.
These facts Of themselvc. work out another
problem, a. easily demon'trat,da. the ma,h.
cma,ical proposition that two aud two make
four.
Cotton ha' goa, l,,rr, aNdw,ih u 10, gone
dorrn NJ yr,c, cf r,rro Stare, Slaves will
not bring 80 much by or,.ihiri, A. they did
.iI months aro, and the tendency Is till
downward. Thl. not only works o.t an ac.
tual los, 10 the South, bat influence upon
the future will b. ruinou' to that interest
A,aricc, as well as political power, has
grya, deal to Dc with the spread aud pcrrci.
uaiion Of African slavery IN this country.
n slave. and slave labor are in great demand
il i. IN the baud, of slave owner, q gigantic
lever power, with which they can operate
in their expansive scheme, Of extending it.
Cut uT the slave mdri,i, the d.maHd for
human cha,lal. aud negro slavery will die
out o. Itself ia more than half Of he .lave
holding States m this Union, and that too
in spite olall the Effort, OF the slave propl.
candi 10 the contrary. When We consider
thc.c facts wc rcjuicc not over The mis'Or.
tunes Of the South. but at wha, seem. 20 h.
a kind Of " maHitjH d1nay" which !, now
pushing hard upon the heels u the inhu-
nan dealer. IN the blood aud soul. OF men,
women and children The burslrts Of the
slave State. boas, Of their independence and
bow easily they could sail along out Of tho
Union, aud undsr the nls Of southern
e,nlrdcncy, bu, 1, /, all humbus.
Without the strong arm o! the general
government 70 aid them aud protect them
ia their damnable oppression and ahu', uf
the African race. they could not exist a
single month. What would the little null.
Living disunion State u South Carolina DO
1t left alone, left to protect itself against
the vengeance VI an oppressed race, now
numbering in her borders more than ten
blacks To ono white? TO rise in rebellion
aud ,ubduc their lorlly masters, would only
be before breakfast J,b for the slaves Of
thi, little Tory Southern Province. That
Jay say come, and II ~ !, will only b.
another proof Of the old maxim &" that
though justice is sometimes slow it is al.
ways SURF"
C,rGnr ACArN. Faulkner, who was il