The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-02-02

confirm what we said, that the Excise Commits
sion shows very small return for what 1t costs
to maintain it.
The Erect OF tho AntI-slsvexv Crusade
ON Property ana Commerce. at the
North.
The effect of the anti slavery crusade of the
last twenty five years, which is now reaching
it's eliminating point, will be to ruin the pro-
perry and commerce of the North Already the
work of destruction is begun. The correspond
ence of our Special Reporterin North Carolina,
which we published on Saturday last, demon
strates this fact. He says Massachusetts, alone
sends 81 600, 900 worth of shoes into that State
annually, but that the probability is even if
there should be no secession and no blows,
not half that amount will be taken next year,
and the demand for other articles will diminish
in the same ratio, whether there be disunion or
not. The truth is that the Southern States are
now put upon their mettle, and their pride will
not permit them to recede, even if it were for
their advantage. 1t is like throwing the Brit
sh taxed tea int Boston harbor at the time of
the first revolution; and the universal under.
beverage, rather than receive it from England
The same patriotic sentiments prompted our
Revolutionary fathersto rejoice in the plainest
| garb made of homespun, rather than wear the
costliest and finest raiment of English manufac-
ture. The same is now being done in the
| Southern States.
The South regards New England, at
this moment, very much in the same
light that New England regarded Old
England about the year 1775. The South
regards New England as it's enemy
and oppressor, and it is determined to fight it
first in war of trade and commerce, and at.
forwards, If necessary, with gunpowder, the
rife, the bayonet and cannon. Old England,
with her vast resources, did not frighten the
Colonies, nor can the fanatics Of the North,
with their boast Of eighteen millions Of in
vaders scare the South into submission to
tyranny. "North Carolina" says our CORES
pendent, sis determined to strike q blow at
New England which will be felt, and she
is able to do it. Acts of unmistakeable
hostility may be looked for at any mo-
ment." Southern capitalists and manufac-
turers, taking advantage of the times, will
fan the fame, and establish native factories in
every State. Cotton, woollen, IRON and leather
will be wrought in every shape and form, and
the South will soon establish it's independence
of the North as completely as if wall of brass
were built up to heaven on Mason and Dixon's
line.
New England viii feel the effects of her
folly most; but New York and Pennsylvania
will also reap the bitter fruits Of the Injustice
to the South which is now being perpe-
trated by the citizens of Northern States I'm
less war should prematurely precipitate the
coming calamity, it will take some time
to accomplish the complete destruction Of
Northern commerce. But it will sink, day
by day, and hour by hour. The railroads
will soon feel it. The shipping interest en-
gagged in the carrying trade of the South, three
fourths of which is Northern, will feel it.
Real estate in New York will not bring twenty
five cents on the dollar of its present value.
Stocks will be deprecated, and every interest
will suffer. The South will build its own ships
and carry its own merchandise; and till that
can be achieved, English, French and other
foreign bottoms will obtain preference over
those of Yankeedom. Thus will manufactures
and commerce receive new and mighty i'm
petus at the South, and its vast resources
become so developed in few years as to daz-
zle the world; while, on the other hand, the
commerce and prosperity of the North will
rapidly fall, and the population, from wealth
and prosperity, sink into poverty and decay.
Other great republics have fallen by their folly
and their crimes. Let not the Northern
States be too confident that they may not
soon share the same fate. The desti-
ny of the North hangs on the will of the
South. Our statesmen have often said that by
an act Of Congress refusing to sell England
cotton, that country could be ruined and driven
to revolution in six months. By refusal of
the South to sell cotton to the Northern States
the same effect would be produced here. And
to this complexion it will come at last, unless the
gulf that now yawns between North and South
Is speedily bridged over by returning to the
principles on which this complex government
was founded, and giving the South the same
verge and scope for its institutions which the
Northern States claim for theirs.
There are many who think the present ex-
element will pass over, like former
dangers, without any injurious results.
But the present crisis is different from
all that have gone before it. Its practical
nature in the South brings home forcibly the
feelings, sentiments and acts of the American
Revolutionists Of eighty-fve years ago; and
those whcwait to see it pass away may find
themselves, at last in the predicament of the
clown who standing on the brink of the Missis-
sippi, far from any bridge, waited to see the
river flow away and its bed become drv. in