The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-28

New Orans terms given In another place. Freghts
steady with moderate engagements. Included in
those TO Liverpool 1000 bushels of wheat in bags
ct I'd.
Overriding in Dry Goods and Politics
The SAG ms OF the Times Pointing to An
other Revulsion.
After year of the most excessive impora
ton of dry goods which has ever been wit
messed in This country, and in the face of bit
ter sectional conflict that threatens to rend
half of the commercial ties of the Union, the
importers in this branch of trade are pushing
it to higher point than has ever been reached
before.
The statistics of the dry goods trade show
thai. we imported in 1857 Ss2,696, 523; in 1858,
s69,O93,7G5; and in 1859, s112070,944 The
excessive importations last summer produced
sacrifices of all kinds to the importers, and an
export of seventy millions of dollars in specie
to meet their foreign engagements. Yet they
are beginning to run the same wild course this
year, the entries for the past week having
amounted to S4,30S, 900, against 81, 49,, 900 in
the same week last year, and s72l 900 in the
corresponding week in ls5S-the total importa-
tions since the first of January amounting to
$ll,77O,OOO, against sl0,576,000 during the
same period in last year. This is q forced
trade; and If it Is continued, as il no doubt will
be, from the press of men in the business it
viii inevitably end In the natural results of
overtrading, even If no other causes combined
to produce disaster.
But unfortunately other causes are combin-
ing at this time to produce trouble. The Sec
tional political excitement which is growing
out of the efforts of combined set of dema-
gogues to seize power through the fanatical ele-
ments of society, and to administer the govern
ment on an abolition platform, which aims d.
rectly at the safety of the South and the high
est interests of ten millions of men there, is
providing danger to the commerce of New
York from which it has no escape. Sectional
ism has prevailed in the churches, it has com.
pletely divided the opposition party in the
South from that in the North, it is now working
it's corroding influence upon the democratic or
ganization, and is beginning to attack the chan
nels of trade and prosperity. This is not blind
and unsubstantiated statement Merchants,
careful of their business standing and credit,
deny that 1t is SO; and yet they manifest the
greatest desire to keep their names off from the
& black lists" which are now being circu-
lated in the South. The very existence of
these lists proves the fact Never before
the present moment have spectators found
an opportunity to make money out of such
a thing. Never before now have Southern
branches of Northern business houses found it
necessary to publish cards in the Southern pa
pers to deny the assertions of their rivals in
trade as to their political proclivities. Men
may impute these accusations to the jealousies
of business rivals, but there never before was
an occasion when the accusation of entertaining
different political sentiments afforded any ad-
vantage to business rivals.
That such state of things.now exists in the
Southern States, and that the exigencies of the
dry goods trade should force its members to
avail themselves Of it, point conclusively to the
dangers which are before u.s. Overtrading on
one side, and suspicious and limited demand
on the other, must produce great losses and
sacrifices to the traders, an increasing demand
for money on their part, and natural want Of
confidence in their ability to meet their i'm
mense engagements. The end of these things
is panic and general revulsion. We are
abused for pointing out the logical sequence
Of the causes which we see operating around
MS, and accused Of producing the effects
against which we raise the voice of
warning. Such abuse and accusations
are not the remedy to be applied to the
evil. We might hold silence but it
would avail nothing so long as the exciting
causes exist and our silence now will only ag-
gravate the evil when it does come. Some
will take heed from our counsels, and thus the
destruction be diminished when 1t breaks forth.
Wewarn the dry goods men and the merchants
Of New York to beware of the year 1862 Excit.
ing political influences are at work that will be
the bane Of our industry and our trade, and
they cannot diminish until the ides of Novem.
Der have passed. A sectional party, built upon
principles that have no possible application in
the South, and which proclaims theories of So
ciety and government subversive of the exist
ing order Of things there, is now engaged in q
ruthless and revolutionary attempt to gain pos
session of the administration of the general GO
7crnmeaI 1t has no idea OF dessung. 1t re-
uses to disciaim the incendiSy counseL which