The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-12-28

ssve has been made ~ The SOUTH may have It's inau-
snee upon the protectniss Of the North and lead TO
Che removal OF those restrictions which in reality
highly injurious 10 the of the countries
England can have desire 70 great nation split
up into small considerations, into Individual states,
possessing - little real power and influence as the re-
publics Of Central America Her hope is that America
may pass through the present crisis with credit 10 her
self and with beneht TO the of human progress,
without displaying the ptabe spectacle Of free nsttu
tions subyertod BY the wanon senshness and wilful
acts OF people who prefer slavery, with all its evils
and dangers, TO national power and the rights OF hu
III From the London Telegraph, Dec al
Tho United States, convulsed by mighty political
1eud, which has failed to shake their foundations
faterl commonwealth nevertheless exposed TO the
dangers Of another sri when an anti slavery President
y b the firm belief OF NEST statesmen, in either
Hemisphere, that no disruption, or any thing prac
toalfy approaching 10 II will take place me various
irregular conflicting republics into which the an
sient inheritance OF Spain has been divided, nave
been constituted by their universal selhshness and
impotence into something more than a mongrel hep
tarcy in which each community cares only Tor dcvourng
The others while the civilized nations Of Europe are
nored and their authorized representatives nsulted.
The colossal yet inert and powerless empire OF Brazil
drags on its unprogressye existence, waiting for the
epoch In which It's people destined TO succumb be
meath the energy and intelligence Of stronger
Even the British possessions loyal happy and prosperous
they deem themselves to be passing through pc
rod Of transition They yearn for free federal life, not
the less connected than at present with England, but
better bound together among themselves 30
that a common Parliament, common juris
prudence and common interests shall prevail
over their wide dominion, instead OF local
rivalrics and undignfed competition. This last,
however question for the future and cannot be said
the political temperature either Of the North
South The real crisis is that Of the money market com
bined with that Of slavery We Justified believe,
m predicting that neither the the other will be
developed serious extremeties. Already the first
frenzy Of the nuhers agitation had been succeeded by
q moderate calm. The secessonsts had lost influence,
and found themselves powerless to coerce the mi
nority, even within their frontiers. The
sudden and reckless suspensions of the Southern banks
pgoduced we have seen, no immediate or dan
gerous effect whatever upon those OF the North Much
Inconvenience will be sustained and some damage nict
ed no doubt by the storm which has burst the
public; but il win clear away, and are convinced
shat within few weeks perfect serenity and confidence
will have been restored. Everything, notwithstanding
the reserved Of the New York Journals tends u
this conclusion. They were expecting, IL Is To be
nembered news from Europe than has actually
been transmitted to them and therefore may regard
the information brought by the present American mail
a., If Of absolutely cheering import, at all events
by justifyng the gloomy prophecies which
have been circulated.