The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-11-11
, some twelve and some fifteen per cent:

Here, then, are the fruits Of the election OF Mr..
Lincoln by party pledged to the destruction
of the social institutions of the South. The re-
volution at the North has produced revolution
at the South and the effect Of that comes back
again to the North a. curses aud chickens
come home TO roost. Northern demagoQues
and desperadoes have sown the wind, and now
the people of the North, led away by them. are
beginning to reap the whirlwind. The FIRST
gusts Of the tempest swept over Walt street
yesterday. The banks, the merchants, the
manufacturing interests, real estate, profess
sional men, clerks, mechanics Artisans and
artists, factory hands. the laboring classes, the
shopkeepes and all ranks Of society will soon
be brought under its desoatiug power.
unless some very decided and very speedy
change for the better takes place In
the relations between the North and South.
Matters must either grow soon better or rapidly
worse. Revolution never stands still 1t must
either 60 on or be put down. Bot the rsvolu-
ton ut the South cannot be put down by force.
- revolutions are put down In Europe BY cannon
aud bayone,s. This government d not 90 co.,
structed. We have no standing army, and the
people Of this country do not mean ever to en-
trust one to their government They are too
jealous of their own liberties. Almost every
man possesses arms and knows their use
There Ia only one way in which this fearful
evil can be arrested, and that is by going back
TO nrst principles, and honestly and honosably,
and in good faith, carrying out the conditions
On vhich ths Trpyop -. aUroad to ~ Sho 1900.
raj States. Every State in the Union but one
was then a slave State, and had not the condi.
ton OF restoring fugitive slaves and recog
MIXING their labor a. the property Of their
masters Just a. distinctly as any other property
been adopted, there never would have been
federal Union at all. But when the Northern
States, in consequence Of the great Influx OF
European emierants seek the North rather
than the South on account Of coueeniality Of
climate that slave labor Ii no longer prc,
ntable to them. Is that valid reason why they
should attempt to intefere with IL In the Sou.h.
where II is profitable, and where the climate Is
suited to negro labor and Insuited 10 white
labori
II the employment Of slave labor at the South
interfered with the free labor Of the North II
would still be the duty Of the North to cheer
fully submit 70 1t, or leave the Union. Bat
when 1t is clearly proved that, so far from In.
terferipg with free labor ut the North the slave
labor Of the South increases and mutiplies
Northern employment, gives scope 10 Northern
enterprise, creates Northern commerce and man
ufactures, supplies Northern capital, enhances
the value OF real estate and IL the source OF the
accumulated wealth Of the North, then II is no,
ouly perhdious 70 break faith with the South.
but II Is suicidal insanity, and Wall street has
begun 10 ind that out Cut the connection OF
the North with cotton and other staples Of the
South-take away the Southern market for
Northern manufactures IL II not AZ plain A
that night follows day that commercial gloon
and financial revusion must ensue! Even sup
posing (which ID rather q violent suppositiou)
that the most friendly terms should be eetab.
lished between the two sections amer secession.
and That free trade should prevail, England and
France, with their cheap labor and trained skill
and immense capital, could 90 undersell the
manufactures Of the Northern States A 10 CON.
pletely break them down. The very frst effect
would be to destroy the dry goods trade In the
cities Of the North, a. the South would impor,
directly for itself; the second, to reduce the
wages Of the factory employs to starvation
prices; the next would be to stop the mills
and after that we can hardly gay what would
be the effect, with 20 many idle hands tempted