New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-02-20
'rIYE sou vHHHN COvgEDESACy.

The history of the world affords To instance of
and successfully as that of the Confederated
Southern States at Montgomery. Less than three
months have elapsed since the withdrawal of South
Carolina from the Federal Union-and yet within
that time, six other sovereign States have done
the same thing, their deputies have met in general
Convention, Provisional Government has been
organized, a Constitution has been adopted, a
President inaugurated, and the whole machinery of
civil administration, with some few exceptions
put into operation.
Those who protested against haste and precipia
ton, those who clamored for cooperation, those
who counselled delay and hesitancy, must now be
ompelled to admit that they were wrong and theil
adversaries were right. Happily for both, the
friends of immediate action were triumphant in al
the Gulf States Of the Southland the result is seer
| in the firm establishment of a Southern Confeder
| acy two weeks before the Administration of the
| Northern Union passes into the hands of our Abo
| lition enemies.
We have, too. at the head of this Confederacy
the man above all others who is fitted, by nature
and by education, for the discharge of the duties
| imposed upon him and the responsibilities he viii
have to meet From the Geographic synopsis Of
the inaugural Address of President Davis, we ntel
that he will more than meet the highest expecta
tons of his friends in the lofty and honorable posi-
ton 10 which he has been called.
But while the Southern Corfederacv notwith
standing the difficulties and obstacles of begin
ming, thus glorously commences its existence, the
old Union seems 10 be beset every day with in
creasng dangers and embarrassments. Bankrupt
in money and almost so in credit, it is about to
pass from the control of set of politicians into
the hands Of another still less competent to man
age its affairs to give it dignity and respectable
ity. The leaders of the new regime have begun to
quarrel among themselves even before the reins of
power are seized; and Seward, the master-spirit of
the whole concern, with characteristic sagacity,
| threatens to abandon in advance an Administration
whose whole career promises to be a farce and a
humbug. The Secretary of the Treasury writes to
the Committee of Ways and Means that he must
| have ten millions before the 4th of March, and in
utter despair, submits the whole matter to a Con-
gress whichis not only in process of disnegration,
but which seems to be altogether at sea in regard
| to what ought to be done.
This then, is the contrast between the two Gov
ernments. The one, though just going into opera
ton, has about it all the elements of STRENGTH
vitality and perpetuity, and enjoys the unbounded
confidence and respect of the whole people. The
other is broken down, demoralized and bankruDt.
at the threshold of new Administration aud its
people, far from being loyal and satisfied, are, q
large portion of them discontinued and in active
opposition to the ruling powers.
1t requires no prophetic vision to foresee the
future OF the two republics Relieved of the incu-
bus Of the Northern States, the South will bound
forward, gaining strength and power at every STEP
The North, to say the least, has comparatively few
OF the elements of progress. Her safety and her
prosperity were associated with the old Union. 1t
will not take her long to discover and bemoan her
folly and madness in compelling the South to seek
repose and security in an independent Con-
federacy.