The Plymouth weekly Democrat. (Plymouth, Ind.) 1860-1869, 1860-12-13

of trade is largely in our favor ss nation
Therefore it is obvious to the most super
fetal observer that general distrust. and
the secession movement in the south con-
sequent up,n Lincoln's election. have
brought about our present financial troub
les. We frequently hear it stated th't the
South has TO reason te complain, for ma
Ijnrity should rule. Whether the South
has reason to complain or not. she does
complain. and in our humble opinion, un-
less there should, at the present session Of
Congress. Ne compromise effected BY
the conservative men Of the two extremes.
our financial troubles have only commen-
ced. Our western money is principally
based on southern S.ate Bonds. The Sc
cession movement has caused general
distrust which has caused the bonds 10
deprecaie in value. consequently the bills
for which the bonds were deposited as So
curly. which have been the principal cir
culsting medium have also deprecated to
the tune Of ten per cent or more.
This secession movements has not only
caused bankruptcy and ruin in the North
in the midst Of plenty. bu, i. making bad
work in the South. When South Carolina
began TO exhibit symptoms Of setting Up
on her own hook, the business m"n saw
the storm sa'herering, and those bills Is
sued by the Banks of that stare, hurri-d
them home for redemption before tie evil
day would come upon them con sequently
the Banks suspended which added fuel To
the fire; in quick succession the Banks cf
Richmond. Baltimore, Philadelphia and
Pitts burgh followed in their wake, in order
TO escape bankruptcy. But the end is not
vet. Exchange on New York has run up
in one short month, from one TO ten per
cent and the eliminating point is probably
not yet reached.
II was promulgated by all tho Demo
cratic papers and speasers Of the North, in
the late campaign that ii "A sectional man.
as was Mr. Lincoln, was elected. that the
Union would he in great danger Of dissolu-
lion, and that bankruptcy and ruin would
be the consequence These predictions
were considered nv the Republicans. "a
made for eleciioneering purposes--as lille
talk. They feared no la ger. they weai,i
soon "whir The South into submit. sion,"
and we would hear nothing more of disun
ion after Mr. Lincoln was elected. The
matter was usually disposed ofin this man
rer before the election, but now. after the
campaign excitement Las subsidized. I'll"
notes Of prepera'ion in the Sonth and the !
financial crisis which is ur"n us are like
" TO open their eyes to the fearful re- pom
si'liiiies which they will have to shoulder. |
Tina, the Soah has good cause to complain |
of many Of the Northern States. ali admit |
Ms some six or seven Of the free states
have enacted laws. declaring the Fugitive
slave law unconstitutional and making it |
criminal offence TO assist United States
Marshal in retaining 2 fugitive from a
slave state. 1t is very seldom that slave
who is caught in free state is ever per-
mitred to be returned. Even il he is iden-
tilted and caught. he is generally rescued
BY a mob. and if the Marshal and owner
escape with whole bones they are thank full.
In our humble opinion. unless those Abo-
lition states give some assurance that they |
will repeal hose laws making the fugitive
slave law void. and that they will dis
coun,enance all such expeditions a, the se.
that Jim Lane, John Brown and Moatgom-
cry have been engaged in. that even an at
tempt TO make compromise would be
useless The south has endured those
insults and wrongs until In her opinion,
"forbearance has ceased 10 be virtue. -
On the other hand the south ought 10 con- I
sent TO a modification Of the fugitive slave
law The idea Of man violating the law /
By giving starving fugitive peice IL
bread. is entirely repuynaut to the north |
ern idea Of philanthropy. There are sew
eral items in the law that could be modi-
fed. that would net materially conflict with |
The interest of the s;aveholle7 and At the |
same time be r"uch more pala.sbe to the
north
1t appears to US that the natural way TO
dispose Of the matter, would he for Con-
cress TO raise committee Of good sound
conservative men, Of re and experience.
from both parties and submit tie whole
question Of difference TO them for adjust
ment The report Of such committee.
gotten up under such circumstances would
have great weight with all parties. The
South will not remain as part Of the I'm
ion, unless those laws. declaring the fugi-
tive slave law imperative. be repealed
The states that enacted those laws, will
undoubtedly demand q nulifca'ion Of the