The weekly Lancaster gazette. (Lancaster, Ohio) 1860-1863, 1860-11-29
NO. 35.
The Reign Of TerrOr..Its Eject upon tha
South

80 49,
It is worth while 10 inquire o. 10 the
effect, 80 far, upon the people Of tie
South. and their immediats political
friends, Of the Disunion sentiments and
the reign Of terror which prevail 10 that
section Of country. In the first place, the
credit Of the merchants and the banks Of
the Cotton States has been entirely pros
trated. The necessafies Of life, for which
they are compelled to look 10 the North,
eanno! now be purchased to any great sx.
tent, except for cash. Heretofore tho
merchants Of South Oarolina, Alabama aud
Georgia have Gent Iheir orders to this city
for -four and provisions, their brokers
drawing on them al sight or short sight,
for money. These drafts were freely to.
ken by brokers. Now the latter are un.
saleable 10 most cases, and purchasers
will End it necessary to send coin with
their orders. The banks Of the Cotton
States have been discredited everywhere,
and their circulation is being returned 50
rapidly that most of them are crippled.
lD the next place, oil the products Of
the South have deprecisisd in value. Cot
ton bills on Europe are sold al the North
with great difficulty. and when taken al
all, rates are very low. This falls ulli>
mately on producers.
Thirdly, The creditors Of !ne South In
Southern Anc Northern cities ars suffering
severely. This is not altogether at,ribu.
tale to the union panic, bn. it has been
greatly aggravated by tie latter trouble
Those who are suffering from this cause
in the North, are meu whose sympathies,
politically were with the 9outh-Who ls-
bored zealously and spent money freely 10
secure the success Of that section at the
ballot box. Thus, Th Disunionists
FIRST broke down their own credit, and
next brought distress upon their northern
allies.
Fourthly, the reign Of terror excludes
Northern people from the South, and thus
those immense numbers who have been ia
the habit of visiting that country in the
winter, on business and pleasure, will be
compelled very generally 10 stay at home.
This will lessen tremendously the passen-
ger traffic on s. S-ulhern railroads; il will
diminish largely the business Of ,bs hotels
o. the leading cities; and it will bankrupt
thousands who lave liv.d upon the pick.
iugs obtained in various ways among Nor
thsrh visitors. Some Of our merchants
who spend the winter in New Orleans on
business, do not feel sltogethsr safe in 60
ing even to that commercial and enliRh.-
eusd city. SO prevalent aud dangerous is
,hs mob spirit which everywhere prevails.
In another way, New Orleans is also suf.
feriug. The great stream Of Western
produce which was beginning to How into
that market is bsiug checked, and it
threatens to DO reduced 10 . mere rivu-
let compared 10 what it promised 10 be-
But for the breaking oul Of this excite
mont, this reign Of terror, tbis prostratiou
Of Southern credit. the Crescent City
would this year have regainsd her former
proud position as the recipient Of the pro-
ducs Of the Ohio valley. Everything was
in her favor. Immense crops Of produce
in the West, heavy foreign demand, and
high rates Of railroad freight. ell combin-
ed 10 swell the volume of property foW-
ing towards the mouth Of The Mississippi.
Now, it is doubtless true that not the mer-
chants. but those who have no position
in commercial life, cried down the credi.
Of Southern merchants, and Southern
banks. In point of integrity and msr-
camille honor. the leading merchants OF
the commercial cities Of the South CON,
pare favOrably with any other place or any
o her country; but the floats, the dema-
goguss, the seekers after notoriety, have
talked about reputation, Abou, the con-
6soaton oi Northern properly. and tbe
vaporings of these men have tslegraphed
over the coualry As the voice Of Southern
mere hants, So that the credit oflLe latter,
with The generality fpeopls, has been in
jured as eifectually almost as if they had
authorized or indorssd the damaging rs-
ports Then, again, il is not to be pre-
sumsd that The respectable citizens Of the
South are responsible for the reign Of ter
ror. They are not the mob who seem 70
be thirstiug for the blood Of every n an
suspected Of entertaining Anti.SlAysry
sentiments; aud while these lawltss pro.
cesdiugs are tolerated, the effect upon the
business of the Soutb will be the same, no
matter whether the ring leaders are res
pectabls or disrspuiabls. There is much
for the leading citizens Of the South to
do in this regard. " oountcraot the dam
aging impressions that have gone abroadi
and the sooner they undertake the task
the better Cincinnati Commercial.
! True FOR oNcE.-A traveller announces
as fact (and though he is traveller, I"
We believe him, that he once 10 his life