Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1860-12-14
sowing sAo wind and ReaplnS tho Whirl-
qvInd

wind
The secession ,movemsntl is telling with
heSvt, emphasis upon the pockets Of the
southerhells7 The ehpliee they prepared for
the North Is being presented 10 their own
lIps and ths statistics oflrads wiz show that
a fearful retribution is coming upon those
who have wilfully melted the present rebel
lion. Trade ct the North has suffered and
viii suger from the election papic, but 6Y i9qr
the heavier load comes upon the cOmmereiai
interests at the South The depreciation in
the price OF slaves alone Is already from 30
to 100 per cent. Washington correspondents
report that, while six months ago first rate
seld hands sold for 81, 500, they can now be
bought for $3.50. Other property at the South
is dspreciating in equal proportion, and as g
natural result, the land and Shareholders are
bankrupt They cannot sell their Planta-
tons or their slaves and, at the same time
they have not the means with which to sap
port their present establishments, a letter
from New Orleans says that sugar is selling
there for and 81 cents per pound, and the
best at that. Molasses that sold, ten days
ago, Cor 40 cents per gallon, is now selling
for Is cents. q, What are the plantation own
srs % do? Their income viii not pay ne
esssary expenses, and 50 the auetiOneer daily
dispOsas Of property At alarming sacrifices,
and general Impeachment looms up in the
future 97l .E3sAqll asa
The manner in which the planters do bus
iness may not Be generally understood. Look
At Georgia, for instance The planter, Whoee
plantation lies perhaps 80 or 100 miles in
the interior, employs factor Al savannah
Tbs iaetOr furnishes the planter with funds,
prsdieaslng his return upon the incoming
crop of cotton. The planter wishes to come
North for the summer he goes to the factor
and REQUIRES 90 much money which is given
him he spends it and returns home in the
autumn. When the crop is obtaihedsil goes
70 the factor in the city, who disposes Of 1t,
deaucts his advances, Interests and commis-
dons and places the balance to the credit OF
the producer. Seldom, however, IS there
snythinQ thus LEFT for the iuturs. The plant
era know nothing Of economy, and spend
their money freely, so long as more may be
had for the asking. They know nothing Of
their own business, and care nothing for it
50 long as their demands at the hands Of their
factor are met. Should the latter object to
heSvy drafts In advance, be Is met by the
remark. ssThen am to understand that you
DO not want my business any lOnger2 ~ This
viii not do, for the commissions received are
too large to be lightly thrown aside and so
.ths whole crop Of cotton or tobacco is used
M before it is put into market.
WUnder these circumstances, the disastrous
efscts- Of the present stringency, are manifest
The planter has drawn largely, and his crops
fail to make good his accounts at his banker s
Uhder ordinary circumstances the latter
might look to thenext year for the deficiency,
but with war andOincreased taxation in pros
peCt, he can more safely break the connec-
tiop nov, than st any fgtare period. His ad
vanees stop, and the planter is bankrupt.
Of course there are exceptions, bat such is
tie general system Of business st the South,
and such must be the general result.