The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-25

round yellow zoe FORK was steady, with sales OF meas
at $40 Is $40 s1h and OF prime sl4 90 Sugars
were qnet bat steady, with Gates Of about 800 nhds
mostly CUBA muscovado for rehnns, chiefly At exc
Ffeghs were arm, with fair amount OF engagements
The Infsrests of the south and or the
Union-New York the Ara OF safety.
We give elsewhere today an article from the
Independent which contains the absurd CON-
mercial views of the black republican party in
regard to the South.
Nothing could be more destructive than the
revolutionary theories promulgated by the
black republican leaders of the relations OF
Southern commerce to Northern industry. It
Is the old story OF the members OF the body
quarreing with the stomach, aud determining
to starve it into submission. Trade that pays
its bills but once year, says the Independent
is ruinous; therefore the Southern trade lis not
worth the risks taken TO secure it;' "our
soundest merchants are declining any but the
very heat, extra gilt Southern Names" III the
blight OF slavery could with one breath be
swept away, the whole business interests OF
the South would be revolnionizsd;" and
the Tush of emigrants to tina. fair and
beautiful country would astonish both Eu.
rope ard America" This is only reitera-
ton of Stewards assertion in his brutal and
bloody Rochester speech, tha! Charleston and
New Orleans must become free labor marts,
ard bis more recent assertion that If Ell pc
wants cotton and sugar Il must send its white
laoorers TO The fever stricken fields Of the
South to produce them. They amount to the
studied declaration that existing society at he
South must be swept away to make room for
crowds Of red republican emigrants from Eu-
rope who will vote the black republican ticket.
In order to show the immensity of existing
interests which these fanatics would sweep
away with breath" we append to the article
from the Independent a statement Of the total
exports of the country in 1852 with a specif-
cation of the products which Southern in-
dus'Iy contributed thereto. BY this statement
il will be seen that OF an aggregate of
$21S GOO 900 the slave States contributed
5000 100000, or seventy-two per cent Of the
whole. Sweep this away with breath, as the
black republicans wish to do, or even inaugurate
at Washington a policy which looks to its
and soul will be destroyed in Northern
commerce and Northern Industry. Our banks,
deprived Of the resources and business which
come to them from the slave States will have
TO suspend, our shipping will be tied up in
idleuess at cur wharves, our workshops will
find themselves without orders, and q panic
aud ruin worse than that OF 1857 will run
through the whole community. Then there
will be no South to look to, as in that eventful
year, for commercial resuscitation. and the
revolution with which II is now proposed to
sweep away the existing society Of the South,
and make r IN for a new migration from the
North, wo-id extend its devastating effects 10
every Northern ate.
There is set o. shallow pated demagogues
among us who viii not look the future they are
striving TO create full In the face, and who cry
out that war upon the domestic Institutions
OF the South will not harm us. See. they ex-
claim, he United States stocks rate higher ia
every market In the world than British consols;
behold the new United States loan taken at
a small premium; contemplate B.ltimore,
and Richmond and Charleston, how stag
nant they are in population and trade.
These are but the self-delusions Of ignorance,
or the misstatements OF wiiful fasahcod
Bri'ish consols paying three per cent interest,
command, within a small figure, as high rate
In every marke. in the world as United States
stocks paying FIVE per cent, and any schoolboy
can do the sum 10 the Rule Of Three which shows
that If a three per cent stock IL worth %, fige
per cent stock should be worth is. AS for the
bids for the new loan, every banker knows that
II they were 70 be made TO day, with the devel-
opements in the South that are now momen,ly
occurring, the Secretly Of the Treasury would
not receive offers for one half Of the ten mil
lions wanted, notwithstanding the many millions
of cspiai now unemployed. Richmond, BaIti-
more aud Charleston are staguant In trade and
population, because New York aud our North
ern ports absorb the commerce Of their regions;
but erect custom houses along Mason and
Dixons line, aud place a tariff between them
and the Northern ports, and their trade would
soon acquire an immense development, 10 the
loss Of the North II peace could be preserved
there; and II this could not be preserved the
North would be equally loser.
The truth is just beginning 70 da sn upon the
financial and industrial community, tha, " a
party whose very existence is based upon the
idea that slavery Is an evil and a crime" Is
triumphant ct the coming election, the whole
system OF our labor and trade Will be revolu
tlonizsd, and the fabric OF our commercial credit
viii be destroyed, TO give place to a newsys,em
and new fabric, in which the products Of Save
labor shall not constitute an element The De
nngosues and politicians are crying out. Oh
there is no danger; there Is no reason TO be
alarmed: Il 1. only the selfsh merchant, who