Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-02-01

own soil and labor can produce. Who is
goirg to stop this, North or SouthP The
South talk of introducing manufactures.
Even creative power can not establish
manufactures where they are not drawn by
the laws of profit and loss.
Skilled labor requires intelligence, and in
telligence has opinions. How is skillful in
dustry to grow up in a country where opin-
ions are held to be dangerous to the social
relation, and are incompatible with personal
safety2 1t would be like introducing
Christianity among a people who regard
baked missionary as one of the necessaries OF
life. To educate labor in the South, would
be as safe as to run locomotive into apow-
der magsziDe.
But it is unnecessary to take these consid-
erations into the account. Things are as
they are because the laws of trade have SO
settled them So, also, in regard toproduce
which does not require skilled labor. Does
any. body suppose tnass a Mississippi planter
buys Cincinnati pork for his negroes instead
of raising it, for love of the Union. Our
merchants would call such man fool yet
our fancy political philosophers are accus-
toned TO talk so. Suppose the Ohio River
were the boundary between two nations,
and even suppose the South should resolve
10 purchase no more Northern produce in
any market where the star spangled banner
hies-that wonderful piece of bunting on
which our trade is now supposed to hang.
Would the price OF barrel of pork or flour
vary one centbetween Louisville and Evans
| VILE OF Cincinnati? Would not one market
| govern the other, and every sale, in either
| place, be so much reduction from the gen.
eral stock? And generally the price at Liv-
e1pool, 5000 miles off, would govern them
all. So much for political boundaries gov
erniDg markets.
Would it not be well to know something
of the present dimensions of this Southern
trade. 1t has been made such night mare
of, in this city, that many well-meaniug peo-
pie believe it to be vital to our existence as a
city. But outside of those articles of pro-
visions which the South buys here because
she must buy them in the North, the South
ern trade is not more than one.ffth of the
J trade of Cincinnati. The trade Of Southern
} Indiana is three times as great as that of the
J whole South. Yet our politicians never
allude 10 the Indiana trade as worthy o.
notice. This Southern trade is not equally
distributed among our manufactures, there
fore few kinds are much more interested
5 in it than the rest
Our trade has suffered some this winte
: on account of the crisis; therefore trifiDG
, politicians say the Union must be recon
stIucted at any cost, go as to restore oul
trade, even by exposing it to the same crisi:
periodically. But it is not because Southern
, trade has stopped for exports to the South
have fallen off but little, if any, in the aggre
= gate. Secession is the occasion of our com
Q mercial difficulties; but the elements o
, which they are composed are no longe
under the control of Secession, and are re
r acting in spite of it, and trade is improving
: Secession stopped Southern payment 0
f debts. That was dead loss of larg
b amount TO Cincinnati. But Secession cal
Q not do that again, for it also stopped thei
!. credit, and now they have to pay cash. TIL
n change TO the Secession basis of trade neces
It sarily causes some curtailment; bat tn
}. trade is all the more healthy. Before, tn
g Southern credit business was regarded a
s extra hazardous. Our merchants will b
Q well satisfied with the change, and time will
2 assuage the loss of the old score.
t But the greatest loss inflicted on our peo
E pie was by the collapse of our paper money
One hundred millions of dollars in the North
? west has been cut down ten per cent. on it
. value. That is our fault and our shame.
D Secession will wipe the whole swindle ou
!, of existence, then posterity should buy u
t the bones of Yancey at 100000, that bein
y the assessed value of bones of the fathers c
9 their country, in the Southern market, an
r should make pilgrimages to his tomb. W
: will even offer to 60 $50, 600 better-to use
o Southern commercial phrase-for deliver
: so much greater. Ifrelief from this ghastl
swindle could be purchased by Secession,
t would be dog cheap.
. Secession is no more responsible for tn
than the Ohio Life and Trust Bank was for
j. similar collapse in 1857; and reconstructic
T. Of the Union is no more cure, than the r
COHstl uCblOu vi tudt Dauh MOulu nave Dee
y a cure for that crisis. Here is where OF
IT people may find the seat of their dificulti
of and losses. Our currency might and shou
al be such that even the day ofjudgment cou
Is not disturb it, But fool, like Keitt ms
3 kick the currency of this great country in
+ convulsions. Until our working-men swet
i this swindle, which speculates upon the
p bones and sinews, from our Legislature, it
'r ghastly joke for them to talk of capaei
&c for selfgovernment.
From this grew most Of the other evi
Great commercial relations suddenly foul
the currency dropped from under the
The currency-panic curtailed at once t
enterprises that depend on credit. T.
s. change, North and South, from credit al
sIarious currency to cash basis, caused
- temporary curtailment until cash cou
=. Overtake the usual credit time. A lar
portion of the Western banks seeded fro
!. redemption, leaving the people to suh
:. the depreciation on their notos. While
" give Secession its due in the South, let
u remember that it is honorable and mob
compared with the meanness and robbery