New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-11-29
4 SPECIMEN OF NORTHERN p0LlTTs
CAT. ECONOMY.


| ii gives US 4 dissertation which may be regarded
as common sense !, in the latitude in which it is
| printed, but is certainly very uncommon sense,
| when read BY those who are not fortunate enough
70 be as wen yersed in the principles Of political
| economy as this modern Adam Smith Of the city of
Brotherly Love.
Here Il specimen:
1 But even this political trouble, what can it
amount to financially? Provided we do not ahso-
luteiy 90 to cutting each others throats, it can
amount to but little, unless IRE al lose our common
sense. There are two points here and only two.
First, what the South sell and second, what they
buy.
As to cotton Suppose the South should under
take not to sell cotton to the North. Very well.
They send i al to Europe. But there are mil
lion Or SO Of bales that England does not want.
Messrs. Cash & Co, of Lowell, Mass, send to Liv-
erpooi an order for cotton and buy it What Is the
effect or this operation. Simply this, that the
NORTH buys cotton az me marker pace ~ Ltuepoos
added to Tie carriage to Antes'ica tctich carriage
/ The South pays
AZ to what they buy They must have hats,
i boots, shoes, negro cloth, locomotives, machinery
1 and d hundred other things which they do not
make and which they cannot get abroad. They
buy almost all their manufactured articles cloth
| ing and groceries at the North, and must buy
/ them. If they buy in Baltimore, they are North
/ ern goods all the same.
twill thus be seen how easily the difficulty will
De EQtten over Dy the SOHSukucIs VI
ton, II the South should establish commercial non
intercourse. They will simply send to Liverpool,
buy the cotton there, and bring it back to Massa-
chusetts.
The hitch in the argument, though, consists in
the assertion that the South win have to pay the
.carrage of this cotton from Liverpool to Lowell.
If this erudite economist had taken the trouble to
1 explain this, his argument would have been much
j more satisfactory.
] or course, the cost is greater to carry cotton
from New Orleans to Liverpool than from New
4 Orleans to Boston. If then no more cotton goes
to Boston, but the Lowell manufacturers have to
send to Liverpool after it, and have pay the cost
in the Liverpool market, the commissions and ex-
penses, and the freight and Insurance back to Bos-
ton we do not that they will get the cotton as
cheaply as if they brought it direct from New Or
leans. It may be own fault that we do not see
this in the same light with our Philadelphia con-
temporary but this Is certainly our common
sense view of the matter. If Lowell manufac-
| tnrers go to Liverpool, compete with English
manufacturers, pay Liverpool prices, and then
bear all the costs Of bringing the cotton back to
this counry-and still find it to their profit so to
do--then the South has no objection. We do not
believe, however, the experiment would last long.
If they choose to try it, though, let them go ahead.
The South sells most of its cotton in foreign
markets anyway and would as soon sell it all
| there as not.
Bat, suppose these manufacturers should do as
the Bulletin says they wilI-buy in Liverpool and
bring the cotton back to Lowell. Suppose they
| manufacture it into cloths and calcoes. Where
will they then seH the manufactured goods? If the
South is driven to the position of not selling cotton
to Northern manufacturers, neither will she buy
the goods that they make II 10 very certain that,
taking off the duty, we could buy cotton goods of
English manufacturers cheaper than Of American
manufacturers who had to send to Liverpool for
the raw material. So that even allowing the Bull
ietin's absurd premise that they could get cotton
as cheaply in Liverpool as they now do in the
South, 1t would be folly for them to do it, unless
| they had market for their manufactured goods.
| The second branch Of the argument-that the
South t'11auss buy hats, shoes, locomotives, ETC.,
in Northern markets--is just as ridiculous as the
other. efMnst'' Is word that implies no aterna-
tive. We suppose that this writer is ignorant of
the fact that the leather Of which boots and shoes
are made comes mostly from South America,
| Mexico and Texas, and that we can get it cheaper
than the manufacturers Of the North can. We sup
pose he thinks there is nobody in the South that
can make boot shoe or hat-and that,
even Il there were none, Southern money would
not bring them here. They anttstr buy these
things ia the North, he says-groceries, locomo-
tiyes and everything else. He is not aware, we
presume, that Louisiana produces sugar, South
Carolina and Georgia rice, Virginia, Kentucky and
Missouri tobacco and breadstaffs-and that our
next neighbor, Cuba, produces coffee. All these
things go from midst to the North or else pass
By our doors on their way to the North and yet
we must buy them there! Profound economist!
We can make locomotives too. We have been
making them in Richmond for years. We can
make them anywhere in Virginia, Tennessee or
Georgia. The Southern States have inexhaustible
beds Of iron ore-they have coal, they have labor
and they have capital. That they have not manu-
featured these things before is they should
not do it now. There is no obligation upon them to
continue to employ their labor in agriculture, when
| only small portion it is needed to supply, upon
our own soil every article Of manufacture we may
need, that we have heretofore been buying in the
| North. Nor Is there any obligation upon them to
1 avoid English and French markets where, under
system Of low duties or no duties at ALL we might
buy everything we did not choose to manufacture
| for ourselves.
Let the Bulletin put these facts in its pipe and
smoke them, and they will do it good. The North
has been deeeiying itself about the South long
enough, and it is time that section looking at
Us through the other end Of the glass. We have
submitted to about all that we going to stand.
TO be cut and hacked i bad enough but to have
oil Of ytriol poured upon the fresh wounds is
thing which passes the point of endurance.
4 .ss----------
i Ra- CrooIxcs' stomach Bitfers-That which
vitality the organization Of hose suffering
from debility ariaing from NATURAL climatic acquitted dis
case be highly appreciated by those who
only longing for restoration Of that good health which they
To restore pb5sic and mental or article
within oar knowledge iii effect safely surely
Crooks Insigoraing Aromatic Vegetable stomach Bers
In Wrestling The from the stubborn grasp of internal
ease snperlaye specific the ruth Of which will be