The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1860-02-23


Southern States number 4,ooo,OOO and that
their value in money reaches the figure S3,0UU,-
Uo,OOe. The abOlitionists Of the North pro-
pose at one blow, TO strike the whole Of this
enormous properly dead in the hands of the
hoiders-to annibiIate it as completely as it
would be were it all converted into coin and
emptied into the Atlantic ocean. Can any
man conceive what would be the effect OF de-
stroying, instantaneously and forever, three
thousand millions of value, in any part of the
civilized world (! Suppose property of the
same value in England were suddenly ami
Inflated. Would it not create q commercial
panic. that;would spread ruin and devastation
around the entire globe! Yet there is no
species of property in England so intimately
connected with the prosperity Of mankind as
the negro of the Southern States is.
The invention of WATT and ARKwRIGHT.
applied to the cotton of the Southern Sta les
OF this Union-even before the invention OF
WHITNEY had enabled the mate rial to be sup.
piled in the prodigiously increased quantities
which soon began to reach the shores of G reat
Britain, sustained her in the terrible wars
with NAPOLEON, when she subsidized all
Europe, and sometimes appropriat ted as much
a. Elm, OOO 600 sterling per annum to the sup
port OF the war, on one occasion going as high
SstIaO,OlOOU, and for ton years averaging tlUO
UOOOOO. In the year 1911 1--WE believe) the riots
among the Spitalfield weavers took place; a riot
which speedily assumed the proportion of an
ton, and spread all over the manu-
featuring districts, and was the cause of most
serious alarm to the ministry of the day. 1t
was the fashion of the day to attribute these
alarming symptoms Of revolution to the CON
tinental system of the Emperor NAPOLEON.-
But subsequent investigation has traced them
to cause with which the continental system
had but u very remote and indefinite cOnnec-
ton. The historian ALLISON tells us that
that grew out of the restrictive meas res
adopted by the American GOvernment-that
is out Of the embargoes and non-in tercOurse
acts inaugurated by Mr.. JEFFERSON, and sus-
tanned and enforced with pertinacious vigor
by his successor. 1t is well known that these
measures drew down perfect shower Of vitu-
peratiou, both upon the illustrious statesman
who conceived them and upon him on whom
dsvolved the duty Of carrying them out
distinguished members Of their own party
made them the occasion of deserving the ranks.
and going over to the opposition. They were
the perpetual theme OF ridicule to those who
wished to pull down the party that was re.
sponsible for them. They were denounced
rs weak and inefficient, an illustrious Vir.
ginian declaring that all the flour kept
hack by their means would not feed Lon
don for a week. Mr.. JEFFERSON, in reply to
all this, said nothing. He resembled OLD
SwARROw nj the siege OF Ismail, at whose
pean all the wits in the camp laughed. The
old man, according to BYRON, made no an
swer, but he took the city" So JEFFERSON
took mo pains to convince those who sneered
At his restrictive measures but he came very
near creating = revolution in Great Britain. -
BY cutting OFF the supply Of cotton, even for a
limited period, thousands Of manu- fac turers
were broken, thousands Of factories closed,
tens OF thousands Of operatives turned out ~
starve desperation drove the multitude into
riot, riot grew into instruction, instruction
soon assumed the part and proportions OF re-
bellion, aud rebellion was checked by the bayo-
net and the cord only time enough to proven,
its becoming revolution. Such WAS the effect
Of the failure ~ receive only two or three
crops Of cotton, at time when the annual
supply did not greatly exceed two hundred
thousand bales.
We know not what may be the amount OF
the raw material received Ia England ut this
day, but We should suppose II could not fall
far short Of 2,oOo,OO0 bales. What, then, would
be the effect OF the entire destruction of n sin.
gle crop! Let any man who NAV feel AN j., .
tersst IN the matter figure it out for himself
For our own part, we are free to confess IN. +,
We cannot conceive il, even with the utmos,
stretch OF what little imagination We bay.
A bloody revolution which would sw..,,
away the throne and the aristocracy. womb
hardly b the begtnning Of the end. Ana u
he loss Of one crop would produce conss.
qusnces 30 entirely beyond the reach of cal
culation, how are We TO begin to estimate the
consequences that would now from an entire
annihilatton Of the cotton culture?
Wtthout going 70 England, however. whaI
would b the effect herei Every man in thu
South would b. utterly beggared. The mar.
NJ for Northern products. valued loosely Al
several hundred millions, would b constantly
annihijated. Not dollar Of the debt already
due 70 the North would ever b. paid Both
sections would b overwhelmed 1t once in 9
baakruptcy which there would b no means
Of retrieving. Worst Of all, the white and
black races would instantly engage in wal,
which would inevitably end in the sxtsrmi-
nation or expulsion Of lhs latter Ifsxpeilsd,
where would hey % Not to the North
3hay would thsrs - met and driven rack 70
Dsstsh hass. s sf
1seA woaA - IL insvitaAie consequences
q Southern slsvs smapcipattss.