The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1860-10-05
Scarcity of Capital.

ticle upon the scarcity of capital, or mo-
ney, now apparent and felt in every South
ern community. After showing by figures
and facts, that the mportations have not
been excessive for the last year, while the
staple products of the South are equal in
value to former years, the article contin-
ues as below:
Thus it will be perceived that the cause
for the present stringency is not to be
found in excessive importations, nor in
extravaganza, nor in material falling oil
in productions peculiar to the South, nor
yet in the smaller amount OF money yield
ed. On the contrary, the importa'ions
have not kept pace with the increase OF
production and population, and the sta
tistics point Enthusiastically, to an nggre-
gate value very largely in excess OF that OF
any former year. In the face OF these en-
couraging and gratifying facts, we find
money growing scarce in many OF the
Southern States. and with the two great
products of slave labor increasing in ag-
gregate value, we find that class of prop
crty declining. We have been informed
that i'm the Richmond market likely fell
lows are fully two hundred dollars cheaper
than they were a few months ago. Where
and what is the cause?
1t commenced years ago with Rhett and
others, by whom it has since been Durscd
and kept alive; it received tremendous
impulse in the celebrated letter of Mr..
Yancey in 1858, and the formation of the
Southern Leagues, which were designed
to "fre the Southern heart and precipi-
tate the Cotton States into revolution"
and the partial canvassing of the Southern
States by General t?) Bickly, Colonel Scott
and Major Castellanos last Spring. by
which tho fire WIS famed into flick
cring flame. Its immediate and active
cause was the disruption of the Democrat
ic party by the conspirators, the suisse
qucnt nomination and support OF Mr.
Brcckinridge 10y open and avowed dSuH-
ioHjStS, and the speeches made by Toombs.
lvorson, and others, advocating a dissolu-
ton. An additional and active cause is
the declaration OF many newspapers, poll
tcians and CongrcSsmen-but not by
statcsmen-that the bare election OF Lin
coin will he cause for a dissolution of this
Union. The cause is to be found here
and nowhere else and, in our opinion,
money will get scarccr, and scalcer, unless
these DSDjjon orators and dJita'orS are chok-
ed down and kept down, or until the cleo
tion is over and results in the election of
Il ticket of National and conservative sen
timents.
Capital is cautious, tmid. In times of
peace and prosperity, it aids labor IN di-
vcrsifying productions, in developing the
resources of the country, in facilitating in
tercourse, and promoting the extension of
commerce. 1t comes forward in time Of
foreign war to the help of the nation
When reckless men teach dangerous doc
trines-when revolution and civil war are
ARCHAEOLOGICAL withdraws itself and
seeks secure hiding places.
This is what is now being done. and is
in accordance with views expressed, and
advice given, By the New York Herald"
and which was copied into the National
American" some weeks ago. Capitalists,
who have money. are boarding and hid
ing it-those having it out on loans are
calling it in for the same purpose. And
they have good cause for it-they show
good common sense by their course. If
they are sincere in the avowal of their
principles-if they mean what they say
ii they intend to attempt dissolution, as
they say they do, merely because Presi-
dent has been elected in accordance with
the Constitution and laws, they are doing
right, both as a means of saving what they
have and of making colossal fortunes by
investing their capital when property is
at the lowest point Of depression. What
is Transporting and what is threatened and
feared will transpire, is attributable to the
course of the Buchanan Administration in
its concert of action with the Black Re-
publicans of the North and the Disunion-
lists of the South. 1t aided the former by
throwing all the power welded by Fcder-
al oilicc-holders in their favor, in the ter
rible conflict in Illinois between them and
Douglas in 1858. 1t is aiding them now
throughout the North, by the same ire
mendous engine of power, and thus pro-
noting diStrust, anxiety and Disunion, for
the President and his Cabinet know that
every vote cast for the Disunion candidate
dmnishes the chances of Douglas, and
multiplies those of Lincoln. while they
can do breckenridge no good. And this
is done too, after the repeated declara-
tons of Disunionists in Congress that they
would regard the election of Lincoln cause
for dissolution.
Under such circumstances-with the
political heavens threatening a catastro-
ply of such fearful pOrtent-with such
threats and declarations from men of hon
or in the private walks of life, we cannot
regard it as strange that capital should be
called in, and money become scarce, or
that it should become scarcer. Will they
ponder our facts and deductions-and
then will not they apply the only remedy
the election OF the constitutional Union
candidates, John Bell and Edward Ever
EFT?
THE DISORDERS IN TExAs.-The rumored
arsons and robberies in Texas, which have
recently filed so large n space in certain
sensation journals" of particular polti-
cal school, occupy very moderate place
in our Texan contemporaries. The Gal.
weston Civilian, Of the 18th inst, states that
these disorders have arisen, so far as can
be ascertained from the nefarious trade
Of kidnapping" as still prosecuted by n
few desperadoes in that State.-To this
effect that journal holds the following
L.,