The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-30
Southern Slave Proprrty-W. ii. Seward
the Panic MAKER.

Southern Slave Property-w. II. Seward
tne Panic maker.
The premonitory symptoms Of e financial re-
vuision are upon US. We feel them here-they
are visible everywhere. They are the natural
results of the ioreshadowed election Of Abra-
haui Lincoln IA our next President, and in view
OF the sweeping political revolution which will
surely follow bis election. What this revou-
uon will be no man can predict; what it may
be has beeo very broadly disclosed in the lone
idea" which has pervaded the late campaign
speeches OF Mr.. Seward, 10 wit: the suppression
OF the southern institution of African slavery
To accomplish this work he has proclaimed 1t
to the world that single republican admins
uation Will suffice. We are not, therefore sur
prised o learn that accepting Mr. Seward as
the great expounder OF the republican party,
and beiIeviDg that slave property is in peril.
the shareholders Of the border slave States are
selling Of their slaves al reduction OF from
twenty five to fifty per cent on their prices oil a
tew months ago.
No rational man can doubt that all this may
b. truly charged to the anticipated election OF
Lincoln, and the practical Inauguration OF the
irrepressible conflict at Washington Ous
OF our black republican contemporaries. ho@ev.
err throws the responsibility upon the southern
di-lniunists He tells US that the Richmond
Mig and Raleigh Register aud other luhuen
tial Southern journals charge that the object Of
the seceders from the Charleston Convention
Wa. by breaking no the democratic party, TO
di solve the Union, in order TO reopen the Atri-
can slave trade aud bring down the value Of
negroes. that the profits upon cotton might be
| higher" Next. il appears from the VALLEY star,
Virginia Douglas psper, that on account of the
disanion ciamor of the cotton planters, "Vlr-
giria IL already having foretaste OF what is 10
Gomez" that No. | negroes have already fallen
more than twenty five per cent, and second
and bird rate bands from forty to fifty per
cent"
Imposing upon these alleged achievements
OF the Southern disunionlsts, our REPUBLICAN CO.
temporary In question says that /" another effect
Of the disurion agitation has been 70 damage
Southern mercantile credit In New York and
other Norihern ci les. ana in this way 70 compel
Southern hansirg institutions 10 rial. aud In
some places to cease rheir discounts and accom-.
uodationsr Bu,ihe question here recurs How
ia Ii that these Southern disunionsis are capable
OF doing 80 much mischief. The answer l. very
simple This mi-chiei 10 dne TO the widely ex-
tended belief among the people of the Southern
States that black republican triumph In this
Presidential contes, will be the inauguration o.
revolutionary policy in the federal govern
/ n rent, which sooner or later, must put "a end
| ~ African slavery, or drive the southern States
out OF the Union. and into the experiment Of a
separate Southern confederacy.
! But what IL there In this threatened revolu-
tionary policy calculated 10 drive the southern
! States out OF the Union. Let John Browns
| foray; let Helpers book and It's one hundred
| leading republican endorsers; let Spooner.
Lovejoy Sumner and Wilson, answer. But
more directly 10 the purpose, the campaign
speeches Of Mr.. Seward will Afford the requisite
explanation. He has n sde the Northern tour,
from Maine 70 Kansas, in behalf Of Lincoln's
election; and from his speeches at various points
along this extensive line Of travel. we fnd that
after Lincoln's election there will be no more
slave Territories. no more slave States;
that free States by the dozen will be or
ganized and ad niitec; that the Supreme Court
of the United States will be reconstructed on
The side Of freedom that the "freedo ON Of
speech" win be enforced throughout The Union
abolition emissaries and all; and that In word,
under the pressure OF the Northern abolition
boa constructor the institution Of Southern sla
very will be crushed 70 death under Lincoln's
administration.
This panic. therefore, In the South, and these
symptoms OF a general financial revulsion. are
due ~ the preachlngs and teachings OF Seward
as he founder ard great apostle Of the repub.
lican party lie is the panic maker. Nor can
w comprehend how We can possibly escape
general financial earthquake In the event Of
IAncolD's election. The laet extremity Of dis
union may be put OF for several years; but
with tie destruction Of the Southern industrial
and financial basis Of two thousand millions Of
dolIMs In slave property, such q state Of po-
litcsl, sectional, financial and commercial chaos
will follow AZ to render the Union In a few
years utterly worthless 70 all parties concerned.
For these times Of trouble, then, for this
o mic which exists among Southern slavehold-
erv, and for these apprehensions Of coming
evil IN Walt street, let the responsibility rest
where 1t belongs upon the republican party
md ito programme for the suppression Of sls-
very and upon W H. Seward, the great ex-
pouDde< Of this party The promises Of mode
ration and peace nom Other republican leaders
In behalf Of Lincoln may disgust the honest
anti slavery men u bis party, but these prom