The day book. [volume] (Norfolk, Va.) 1857-1867, 1858-03-16
TERMS.
no" Circulation equal TO all the
other City dailies combined.

ginia is paper of rare penetration and
ability, and might we'll demand of It's a
fuller notice and a more elaborate COM
ment THAI we are able to-day to give it.
Abiding significantly to the late CON-
mercial and financial crisis, the writer
finds its great lesson to be in the fact,
which it has demonstrated so sgnaly,
that complete commercial and indus
trial Capitalization is as dangerous to the
public prosperity as a politica! cot;Soiida.
ton is fatal to liberty. Tic dagger of
a concentration of political power is now
no longer the doubtful dogma OF a party.
but recognized axiom-an admitted
postulate-in American craftsmanship.
Yet the peril of an ensulphing CONNER
ciai absolutism is no less certain and fully
as disastrous. Such an absolutism has
been gradually ;nauguyated in the pro-
gressjvely augmenting monetary impor-
lance of New YORK, until that lnetscpo-
lis now stands the centre of colossal
material power-which controls the in
dustry and business of a contineut-a re-
atty more magnificent than auyvision Of
the most daringly ambitious Imagination
the commercial dictator Of the Weg-
tern World.
The past and present evils and the
prospective perils of this prepondcrancc
are well but truthfuily depicted by Mr..
Lacosture, who finds their Only remedy
in the establishing of counteracting CELL
tres OF commerce and industry at the
South. He shows that while New York
absorbs everything in its engrossing nael-
sirom, while it has made itself tie point
OF conveyance OF great railroads and ca
mails which bring to it the bulk Ct
the domestic products Of tho United
States, while it has gathered to its port
most of the great lines of ocean travel
becoming thus the vast mercantile focus
for both the exports and imports oil tic
ccuntry-while it has attracted the lar
sec portion of the capital of the whole
Union to the glutted but still greedy
vaults Of its brokers and its banks, there
by controlling, with impcrious govern
aace, the entire business Of the couteder-
acg-wIlilc it holds this undisputed ST.
pgemacy. i. is due, nevertheless, to no su~
perior natural advantages. to nc COM
nanding geographical causes, but simp-
ly to its own shrewd foresight iii the
adoption Of grand system of internal
Improvements and tie comparatively
conpsetc neglect of such policy by
other aud more favored sections which
instead Of being its masters OF its rivals
As they might have been. are now de-
graded to lis AFFECT serfs.
The means whereby the great proiue-
tive States of the South may be cnfran-
shised from this Northern tyranny, are
by building up upon the Atlantic shore
other centres of commerce, by establish
ing q direct communication between
places Of production and places Of con-
,unption,by saving the expenses Of .taus-
portation, of laang and discharging, of
brokerage and commission, now levied, to
the great loss alike of seller and buyer
both On sales and purchascS--in short,
by offering TO the capitalists Of the South,
who now feed this great money vampire
Of the North, Investments at home as all
yantaeeous and more safe than those
which have hitherto tempted chem to N.
York.
The following striking considerations
we commend, with our entire endorse
gnent, to the thoughtful attention Of our
readers
It 10 not the creation OF new monopoly
that is now in question, but the opening of u
grand outlet through which new wealth may
he derived without at all impairing that which
already exists. The construction ofrailways
has given birth in Virginia and in the South
to innumersble branches of industry, which
san send abroad their productions only by
this new outlet; how many others &re to grow
eat of it, which must remain for ever nero
schemes, if the necessity of having recourse
always to New York is not at length to be
sscapeds
Mines ofiron, of lead, of copper, are await
ing but the means of cheap transportation to
display wonderful growth and development,
Goal. plaster, marble, salt, spread in prof1.
eaops or able state Of waste for the ~ap. ", fl,