Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1858-01-06

TIE CONDITION OF THE SOUTH THE UNION
A few months ago when all was prosperity and
peace in all the moneyed relations of the South, the
Banks Of the North, under the influence OF sense
less panic and the still more senseess management
of their directors suspended specie payments. Cot
ton was then selling at IL to l6 cents pound, and
Rice at 81 and $475 hundred weight. Stocks
of all kinds were in fair demand, and property
brought value which the universal prosperity OF
the South justified. Our commercial connection and
dependency on the North occasioned the Banks in
the Sotuh also to suspend specie payments. They
have not pursued the rigorous and merciess policy
of the Northern Banks in demanding payments OF
their debtors, and therefore but few mercantile
failures have occurred in the South. Cotton has
gone down to nine and ten cents, being fall OF one
third OF the prices it would easily have command
ed, but for our mercantile connection with the
North Rice has also fallen full one-thrd in price.
Stocks of all kinds unsaeabe but at sacrifice;
whilst property real or personal, is only saleable
without sacrifice at long credits Never before in
our commercial cities-not since lS37-have the
times been so hard, so troublesome, SO fearful.
Congress meets Our Representatives join in
friendly associations with the Representatives of that
portion of the Confederacy which has just spread
over the South so dark pail of commercial and
financial disaster. What is our greeting? In the
only one of our Territories which the South can
appropriate-whilst twenty others must be indispu.
taby thers-a contest has been going on Tor supre'
macy between the two sections of the Union. 10
the South its value is merely defensive and from the
principles involved. These vital, and cannot be
surrendered by the South without utter degradation
and ignominious forfeiture of all pretensions to
on equality of rights with the North. The President
of the United States, in his message to Congress,
supports the regular authorities of the Territories,
acting not only according to usage but in full con-
formity to the act organizing government in the
Territory. His message is denounced on its reading
to the Senate because by the action Of the regular
authorities of the Territory slavery is not abolished
in it.. Kansas is to be kept out of the Union until
it comes to Congress with antislavery constitu-
ton. To the commercial distress and depreciation
of property throughout the South, the North now
offers her. in Congress- slavery agitation and poll
teal degradation. Such is the condition of the South
in the Union. How PEACEFUL how digniied!-
how full of vast satisfaction for the gratitude and
CALCULATIONS of the South - Charleston Mercury.
BACON IMPokrED FROM LIVERPOOL 1t is stated
| that between one and two hundred boxes of bacon
| have arrived at New York from Liverpool. The
history of this shipment is worth record The Post
/ says that about year and half ago they were
shipped from St. Louis, via New Orleans, to Eng.
land. The market there not favoring profitable
! sale, they were transported to Australia. Here
again, the market was glutted, which caused . re-
turn of the lot to Liverpool but the state of affairs
there induced the to deliver the bacon here
for the purpose of being soked, scraped, and re-
smoked. and thus made ready again for the market
when prices shall revive.