The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-31


classes the first to suffer from the same cause,
Capitalists can afford 10 make sacrifees-to part
with q portion of their means and live on the
remainder but lGborng men cannot live
without employment.
One OF the first effects Of the revulsioa 10
1851. caused. at that time by the break down
Of the South, was to throw large numbers
of persona at the North out OF employment.
which led to much individual suffering We
recollect walking along the shipyards of the
East river at tie time, and they looked as
they now do on Sunday, or rather worse. Not
a hammer was to be heard in the most OF them
Able bodied and sbilful mechanics and ship
carpenters were idle, or were compelled, as best
they might to seek the means of Subsistence
for themselves and families in other temporary
pursuits Real estate could not be sold except
at enormous sacrifices. Houses and stores were
vacant and bills on them to let b. hundreds.
Many persons left the city in despair and sought
asyilms in the country.
During the panic OF 1857 things took the
same turn and it only differed from that OF 1887
il Duration. 1t lasted long enough however,
to throw thousands of helpless females and
other laboring people out Of employment AT
Lowell, in Massachusetts INDECENT factory girls
were discharged by thousands. The Boston
Courier OF the 10th September, 1851, ct the
commencement of the panic, said that within
brief period two thousand five hundred
hands had been discharged from the mills. Thus
hundreds OF operatives, by "this stern CONNER
cial necessity" were compelled to leavethe city.
Our population for the time is diminishing;
real estate is depreciatiDg; houses are being
vacated by their occupants, and nearly every de.
partmert Of business will share in the present de.
preston The HERALD in the months Of Octo.
Der and November, 1857 gave lists Of thou.
sands Of discharged laborers in all the depart
nents of trade and manufactures in this city.
Fortunately for them while the Western trade
woat to the dogs the large crops of cotton at
the South brought out . large and active South
ern trade, which drove away the panic, and re-
stored confidence and prosperity, that have
continued up to the present time. From
former revulsioas the people of this country,
with ell sections working in fraternal unison,
have 5y their persevering industry soon re-
covered. The silent builders trowel, the ship
carpenters hammer, the hum Of cotton spin
dies, with the cheerful songs of labor, were
again heard on all sides; while real estate
advanced and wages improved, and the
whole country moved forward with renewed
energy.
But the revulsion of l560-6i, when 1t shall
come-ard the danger is imminent, according
to the signs at the South, that II will core-will
prove beyond doubt the worst of all. II will
differ from all former calamities or revulsions by
its permanent continuance. Let but Q single
State secede, and no man can see the end.
Whether Il result peaeeably or civil war
follows, the result will be equally fatal; the
present union and prosperity Of the country
can never De restoreo-a sccorsion would
settle permanently upon us like dark cloud
far more dismal than those Of 1887 end 1867.
Let this occur, and what Is to become Of our
laboring classes in this city, to say nothing OF
other sections Take one branch Of business
alone--that of the wholesale clothing manu-
featuring trade for the South. There are a
large number of extensive firms engaged In
this business. whose capital invested ranges
from 100000 to 100000, and in some few
cases probably reaches nearly 5 100000 These
houses, we learn on inquiry, give employment
to from 10000 to $4,000 operatives, in
Guiding males and females. During the
height of business many Of them pay in
wages $1,000 per day! The people they en-
ploy comprise poor American Irish and Ger
man families. There is scarcely q tenement
I'll. Al Ii T. 49, H.
needle is not piled and the CLICK Of sewing
machines heard.
Owing to the present agitation add fear Of
financial troubles at the South, In case Lincoln
is elected, many large houses are not giving
out work. At this season Of tho year they are
usually busy in supplying work for the South
ern trade, which commences In the latter part
Of January or about the lss Of February.
They now, to considerable extent, refuse APP
plioations for work, and many poor people are
already thrown out Of employment and depriv-
cd Of means with which to meet the rgors of
the coming wintar. II Lincoln Is elected II Is
to be feared that some Is 600 To 10000 Of these
unfortunate people may be thrown out Of en-
ployment, and thus greatly augment the ex-
penses OK the CITY IN supporting me poor. Tney
will be unable to pay their rents, which will be
followed by adecline Unreal estate. But what
do the black republican revolntionists care for
the poor white peoples-for the suffering women.
and children pinched with cold and hunger at
the North All their love and sympathy are for
the negro thousand miles Of. For him they
are willing, without any possibility Of bene6tlng
his condition, TO ruin their own white brethren,
North and South, and involve the county In
civil war and bloodshed.
The revolutionists blasphemously set shem-
selves up as the vicegerents Of God upon
earth, and proclaim their intention cs doing
whas the Creator, In his infinite wisdom, failed
to DO and that lie, 10 make the blacks and the
whites equals. Christ said that the Ethiopian
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