Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1860-10-09
suspension OF the Artisans Rank--
commencement OF the PoIttfco-
Commercial Crisis.

Commercial Crisis.
PROM TIA New York Herald, Ocoaer >
The city was thrown into considerable panic
yesterday By the sudden announcement Of the
suspension Of the Artisans bank, from which
ms itsti0n the city chamberlain Mr.. Plat,
(who is also president Of he bank = iihfrew
the city funds, and dsposie ed the sane in the
Park bank L has been known for some time
that the Artisans bauk was in some difi-ulty,
and it is a fact signifcaHto Of the times that its
troubles did not arise from any legitimate com
merciai cause, but from purely political cir
cumstsnces.
This is but the beginning Of TIE p~oliico-
commercial crisis which is the certain conse-
quence OF the present disturbed condition Of
the eonntrv-,he uncertainty Of the future
prospects Of the c. nfederacy in view OF Mr..
Lineoin's election, which seems to be accepted
on all sides as a f0regone conclusion, AMI a
fear Of the disruption Of our whole system,
coHmsrcisl and political, Of which evidences,
too strong to be doubted FOR a moment, are
furnished every day in the Southern States.
Il is a matter Of grave consideration that
even al this early ~psriod-before the Issue Of
the coming election has been put on trial
practical Illustrations Of the dIreful eonse-
quences Of Republican success should be pre-
scented 10 Us. But, as we have said, the sns-
pension Of the Artisans bank is but the com-
mencsment Of a Revision which we fear is
about 10 Be felt all over the country, ii The con-
sentative masses DO not rise up in their might,
and az the ballot-boE In November next, lay
the foul spirit Of sectional dsspotism which
Mr.. Seward is Leralding throughout the eoun-
try, and which Mr.. Lincoln is pledged 10 en-
throne at Washington in the event Of bis cleo
lion, Ike another Lucifer in Pandemonium.
The panic Of yesterday is but az a speck OF
vspor in a tropical sky. f0reshadoginz an ap-
preaching tempest. The political crisis a.
which We have arrived Is not, as in many for
mer times, mereiyths turning point Of fortune
for this political party OF that the question
involved is not whether this set Of politicians
shall command power and spoil, OF the other
set, but whether the whole fabric Of the Union
is 70 be lsveled; whether the Constitution is
70 Be ignore. whether Tie commercial pros
psrtY 0f the cou1tTy is to be demolished
whether we are 10 live az peace Is brethren
united By a common interest ami a single de-
tiny, or to drag on a miserable termination 20
the American Republic in inteIneeine war-
fare.
Such are the questions depending for solu-
tion upon the result Of the present contest.
We see The fret symptoms Of danger in he
excitement which visi Ell ihis city yes erdsy
and this is but the beginning Of the end.
II the Republican party should be elevated
20 power, and the programme Of lincoln ard
Re i1augursted, we will see the banks
at the North susDeading, the merchants
snshiug up, tbs factories closed, the ship
ping rotliRg at our Wbsrves ; and IN the South
the consequences may be sull more serious,
the railroads hrewn into disuse, and civil
strife raging over the fair domains Of hat beau
tfui region. L. rs take heed in time let
the people, f0.sWarEsi b. the evidences Of
trouble around them, leave the politi-
cBns 20 pursue then to=turouH course Of mis-
chief. and cone forward en- mass 10 save the
-arrFr- from Hhn nfaaaHawa ruLTlh urnrnrn - ]
By the election Of some conservative man to
he nreaitencN.