The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-02-05

overwhelming panic and revalsion. Our rail-
road stocks, bank stocks, manufactures ship
ping and commercial interests, real estate and
the ages Of labor, would go down in the gene
raj crash, involving U.S. from Boston to Kansas,
in universal bankruptcy, widespread destitution
and confusion.
We CALL therefore, upon Northern men in
Congress, and upon Northern men at home, to
consider what they are doing. We call upon
our commercial men of New York, and upon our
manufacturing men of the Northern States,
here there and everywhere, to look to the mo-
mentous contingencies involved in this desperate
purpose Of abolition agitators to infict an insult
upon the South, which Southern men are dis
posed to invite rs a provocation for secession
and a separate Southern republic. Now is the
time to think and act; and there is not much
time to lose We must restore the lost conf
dence Of The South in the good faith of the
North TO the principles aud spirit Of the consti-
tuition, before we can hope to restore the peace
Of the Union. The South is jealous, because she
is weak; the North should be generous, because
she is strong.
Mail Communication with the South Ameri-
can Republics.
Our Valparaiso correspondent, under date
Of the 10th December, informs us it was
hoped that an American line of mail steamers
would soon connect Valparaiso with Panama, so
that a regular postal communication would be
established between the west coast of South
America and the United States. The necessity
for such line has recently been brought to the
attention rof Congress, and will probably meet
with favorable consideration and speedy action
Last year memorial was presented to Con-
gress GU the subject, ard the Post Office Com
mittees Of both houses reported unanimously in
favor Of it; but in consequence of the back
ward state of the public business the bill was
not reached This session the memorial has
again been presented-in the Senate by Gov.
Brown, of Mississippi and in the House by Mr..
Cochranc, the chairman of the Committee on
Commerce. The memorialists state that they do
not desire to fix the amount Of compensation
for carrying the mails, leaving it with Con-
gress to determine what it shall be, after proper
investigation; and they further state that they
do not require any appropriation of money
from the present Congress, or until the vessels
are built and placed on the route.
In political as well as u commercial point
Of view, the establishment of the proposed line
is OF the first Importance. Geographically and
naturally the commerce Of the west coast OF
South America should be largely ours; but in
consequence of the absence of all regular mail
communication between the United States and
the republics of South America that trade
floats past our doors to reward the superior
liberality and enterprise Of the British govern
ment, which has for years subsidized line of
mail steamers along the coast, and connecting
at Panama with the West InSia line to
Southampton. Although England is two thou
sand five hundred miles further from Chile,
Peru, &c, than we are, she monopolizes nearly
nine-tenths of the foreign commerce of those
countries, because she has direct communica-
ton with them, whilst we are dependent wholly
upon mis- English line for the conveyance of our
mails.
The facts Of the case are clearly and con-
cisely set forth in the report Of the Commit
tee Of the House of Representatives, which we
publish in another column We commend il to
the attention Of Congress, and we trust Mr..
Cochrane will press the matter through at an
early day.