Daily Nashville patriot. [volume] (Nashville, Tenn.) 1860-1862, 1860-10-03


The most delicate, timid and sensitive of al
the elements OF national greatness and pros
perity-money--is already fleeing the De
structive contact OF possible war growing on
of the mismanagement of the government
and the presence of two great sectional PAL
ties. II is the first TO seek safety at the ap
proach of the storm, and the last TO leave it
retreat after the tempest is over. lis nativ,
element is the beaming sunshine of peace
And as the clouds are coming up, it is hidinl
itrelf in advance.
In the provision or Northern border State
o. The South the shortness Of crops has caused
IL stringency, which would be uncomfortab't
in the most prosperous reign of peace yet i
We had an unreserved reciprocal confidence
all-peTyading the country, we might draw de
ficiencies from friendly Golfers in more favor
ed localities; bat that Is not the case just
now. Distrust ana doubt have taken posses
sion of the country in both its sections, and
they are left 10 take care of themselves in the
matter of finance. The South, however, i
still paying its debts to the North, and hence
the y. York money writers announce to us
day after day. money continues to arrive
from the South But unfortunately, the
resources of this section, in this respect, are
not quite exhaustless. and matters are begin
ming 10 be oppressive. For instance, here in
Tennessee our crops are unusually short; but
we see no pereeptibIe decline in the desire
for fine apparel, fiashy equipage and good
living. The same luxuries are coveted as
were before INDUCED; and though the indi-
yidual excheequer does not increase. though
the credit side really decreases, the debit side
stands its ground firmly. The democratic
party, within the last two or three years,
have scared the Banks out OF their wits, and
the legislation of the last session Of the Gen
eral Assembly has made them believe that
they are placed in a most rigid straight
jacket-which taken in connection with
certain sort of jealousy and cut-throat dis
position among themselves altogether has
deprived us of those instruments Of accOmmo-
dation and relief. There is hardly one OF
them in the State that would discount note
without seeing lot OF wheat, or corn, or TO
baccO, or cotton lying just the other side of
il, ready for shipment, and a prospect that
the money advanced would fly on the wings
o. the wind to the furthest and most inacces-
sible point in the State. But there is scarce
Iy enough wheat and corn TO feed our people,
aid as for tobacco aud cotton, they will
hardly pay current expenses. So the matter
stlnds between the people and the crops and
the banks. ~
The only other resource that presented
was, the ten per cent. conventional inserest
law. But very respectfully endowed Shy
lock says that may be unconstitutional, and
"a he stands in no immediate dread of starva-
ton, he ties his surplus in lengthy stocking
and lays it by. Some euterprising people.
approaching the condition of thin-s, take a
tr ,nscript of the law, together with any
a lOunt of '.gilt-edged" paper, with undOubt-
e personals" and irresistible mortgages on
r-al estate, and go to the Northern Money
Centre, and ask some hnnereds of thousands.
BIT that will not do. They say there, 1.-The
uncertainty which overhaugs our political
relations with the South will not allow US to
risk too much at the present time. Your
people have declared they will dissolve the
government in certain contingencies, which
we do not consider at all impossible and
so, we must decline your proposed negOtia-
tIOnsn The same feeling, as we have the
best of reasons 10 know, prevails towards
those northern merchants themselves, who do
a large Southern business. Weare therefore
left to ge. along with our discomforts as best
we may
The Cotton States are more buOyant and |
confident. They say their cotton will pay |
their debts, and If it shoaldn't they can af- |
ford 10 let the Northern creditor wait, even /
though he TAIL in the aet. They therefore
feel comparatively Independent on the sub
still continue to proclaim their
disunion purposes, seeming to care nothing
for the severe trials which may result to 9th
ers from that course. But they viii learn
that they are not wholly exempt, when it
comes to the pinch in the game. The mon
eyed and commercial interests of the Union
are too intimately connected to be suddenly
and violently severed. The commercial ope-
rations of the country have bailt up money
system, which is comparable to the solar sys-
.em New York is our great centre of power |
md eravitation. and around it the minor
centres reyoive as satellites. The people
even of the cotton States had about as well
n axe up their minds to accept this fact They
are altogether out OF it when they suppose
they are Independent of the '.worid and the
rest of mankind" We have a most signi1-
can't indication of the beginning, in the fol-
lowing from the Montgomery (Ala.) Mai,
which goes about as far for disunion as any
Of them. IL is taken from its impression of
The 10Th ult: ~ Il
1T ia generally understood in the CITY.
hat the Directors OF The Central Bank have
lie ermined not 10 discount any more paper ,
mill after the election. We presume thew
are afraid of the depreciation of properly
consequent on the election of a cnt-throaf. {
rec NJ gro. Black Republican administration.
some say, however. that they are afraid OF ,
he effect OF secession as result of such an |
however can hardly be the
.ase as none know better than the Directory
hat If that alternative be forced on the |
SOUTH the extTavagant demand Tor our cot
ON crop abroad, aided by judicious legisls-
len ia regard TO our commercial interests,
\ o AID soon place the South outside the erlses
md panies. Even the short crop OF the
present year, at the prices az sciH command,
would relieve this section from all its in
l-btedness. Il is the Boston and New York |
importers, with their millions of unsold for
Fl IN goods that will be hit by the panic; but |