Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1860-12-29

Owes WHO. December IS 1900
EFFE0T OF THE CRISIS UPON THE BUSINESS OF THE
eOUTH.
n. u.Lu Mt ,s..,;..- r. oa,.


the following Suggestive article:
Weeu ago. In fact Just amer that tremendous earthquake Of
Presidential election shook the county to pieces and filed the
hs responsibility Of prophecy Surse and assured the panic
70 u long that ey would reach lie melancholy ending
told them that trade would be enbaa sell but not runou
commercial houses would break the banks
that commercial financial Interests stood such strong
ground That no proxmate political causes with secession
vigorous NE We Hgued that In few weeks the crop
would begin to be moved by influences by flowing
through new and strange channels that vcui to
Abundany and terminating vsor business
fresh vitality after temporary ItsgnatiOn
We felt no risk In doing h for argued 70 our conviction In
the premises from these simple facis wit:
buy from the North must and decrease
bought; selling bring money; tghlness
the money market Of the North destroy The demand and
these must the SOUTH where there TO find
crop was sold under price by the Temporary ieerupon OF he
nal course OF operations the South at large would
theory Of our faith simple as elementary arithmetic
Now say that the day. the first iawnng streas Of which
BY gaiuaiory
sion The fear and not the Tact 4 that event being in
Let about daylight The moneyed Institutions Of the
suh generally are stronger now than they were M months ago.
They absolutely mpregn-be Money easier thanit 10
the face OF panic aud revolution Cotton looking In
stead OF dos n-hAt s tendency, and Is held well In hand
It's ders have s,ubborny dehoed their position and taken
stand which they will be generally able 10 keep they must have
they sep the cotton and let the Interest on the
pie Instead OF the They won't sacrifice cotton kpece Ia
pouring into the country hundred channe8 from
Cuba even unwonted pofuson England begins Join the
North Ia paying her tribute Of cash. and need Of the
Brennus being thrown Into the scales make them kick
with full weight Cotton and NOT e sood rH fht Ds
battles t tie South sh uld this crop Of cotton be sold .
than anti paed Afford H. for will be sold
directly and mostly ofcash.
And n H. shall buy cheaper-buy almost
eryhng cheaper and caly staple supplies. Here
OF daylight The Northwest loses In
msnsey their crops There market for them 10 the East
usual There mon-y pay for them. They TO
at reduced prices Already they pouring down into lap.
by the great OF the Mis pp Quantities, anil
tide will Increase Already Increase
amount Of -four which has dowr compared with the
Of 1882 thirty nine per cent OF hundred and
one per cent Of bacon wen'ytso per cent Of hay eighty
hundred cent Thee Statistics Immense, positively and
full 20 ning The Of such Of things
be depression Of p OF what have TO buy Ia the ttape
pfovon line and saving OF The grain aud
Of the West moving down the Mississippi an un the North
balance control OF these which be
export stand by when It longer rely cotton
settle Its import indebtedness abroad e' continue
very low and much OF them will nd lis way the
through the hands OF Souhe III will make business
ITSELF especially for commercial brethren Of New Oneans
Who Indeed have always good deal In that line.
q he storm has und ubsdy spent se and skies
SMILE the South amid ihs Wild Of poll l.
cal turmoil Al rs hare do 70 Gr0d getting into Gh aud
to unprecedented prosperity bro Id and open
euhes make IT,