New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-04-02
THE WRECK or VALUES.

This phrase and its equivalents are ccsamon
capital with pestilent class Of Northern Jour-
mails, which are seeking to destroy the institu-
tons and industry of the people among whom
they are issued, and by whose money they are
supported. They are daily pandering to treason
and seeking TO indoctrinate their own commu-
mites with kindred subsection to the increas-
ingly despotic exactions of the Slave Power.
No other journals are allowed to circulate
where this despotism prevails. Hence in those
quarters they are ignorantly received as true
opponents of Northern feeling; when the fact
is that they are slanderers all. favor
ite topic with them, selected as currency for
Southern circulation, is denunciation of the
tariff, declining rents and real estate merchan-
disc and stocks, with general wreck of North
ern values. These falsehoods are put forth be-
cause they are known TO be acceptable to their
Southern customers; and they, confined by the
vile despOtism which prevails among them to
these polluted fountains of knowledge, drink in
the poison to their own as well as to the COM
mon injury. This deliberate perversion OF facts
at home is one of the worst symptoms of the
national disorder.
But there is no wreck of Northern values. II
there be wrecks anywhere, they are to be found
where this anarchy originated, where it ran riot
into madness, and where it yet unhapply con-
tinues dominant. Symptoms OF the syncope,
which succeeds exhaustion, are already pegih-
ming to appear A Texas paper informs us that
bankruptcy and ruin are following swiftly on the
heels of the Secession movement, and that THIS
infatuaton stands ready to spread war, Pesti-
lence. and famine over the country. Things are
already 30 bad, business so ruined, money so I'M
known, confidence go utterly destroyed, that IL
il impossible they can become worse. Yet Texas
has in the last ten years experienced greater
prosperity than any of the seeding States her
area is abou. equal to the united area oil any Oh
the five Cotton States. Her gain IN popuiauon
has been greater than any OF them; ana WINE
Arkansas and Louisiana, of all the Southern
States, have each gained but one representative
in Congress, Texas has gained two. She has thus
been the choice of nearly 100000 persons VINO
we're seeking new homes. Though for years no.
torious az the American Alsatia, her admission
to the Union had wiped of the stain OF her rui-
anly antecedents and she was rising into respect
ability and power. Throwing of the national
panoply as she has done, no wonder that the
ruin succeeds which her own press describes.
Her treasury is exhausted, her credit is gone,
and her revenue was only half OF her expenses
before Secession began What it may be now, is
easily told. She has banished the Federal army
and let in the Indians to exterminate the defense
| less settlers on her vast frontier. Millions VII
be required to pay troops to perform the duties
which the Union performed voluntarily. II the
folly runs on to getting up navy for an equally
defenseless coast, millions more will be required
| II values are anywhere to be wrecked, who car
! doubt that Texas is to be one example
In Mississippi, an incipient famine exists, Sc
we're enough to compel the begging Of corn from
| Western granaries. Cotton cannot be eaten
they have discovered that at last. The cry now
is, in all that region, to plant less cotton aud
more corn. Labor can there have no employ
ment, or 10 would earn its food at least. Some
80, 900 bushels have been begged already to feed
! the starving, and missionaries are abroad for
more. The trade of Louisiana is known to be
|
disnayed at the coming future. The receipts OF
cotton at New Orleans have largely diminished;
the course of trade has been reversed, cotton
ascending instead of descending the Mississippi;
and consequently not third of the usual amount
| of shipping ia now at her wharves. Compare
this state of things with the worst that our loca
croakers publish, and see how widely the reality
here differs from the reality there.
Our copious correspondence from South Car
| olina tells On ow'r true ta.o of the wreck o.
values there That State absndons great public
buildings and discharges hundreds of workmen
for want Of money Her bonds cannot be sold
at any price; her soldiers in the harbor nave
been three months without dollar being paid
them to support their families; some OF her foun'
deries and workshops have been shut up, winnie
all others are working with but fourth OF theiI
usual help and these upon exceptional business
the making of cannon that they do NOS need
and the construction Of floating batteries that can
not be used Railroad employees have had heil
wages cut down TO fifty cents day, because
traffic and travel have nearly ceased, compelling
| the diseontinuance of numerous trains. laxat'or
| is enormous, to the driving Of the people WIN
their movables into other States No money
in circulation, property finds no buyers, and TIL
banks are all suspended Business is at stand
debts cannot be collected, nor Northern obhga
tions paid. There are resident witnesses amonI
us who Hastily, reluctantly we grant, to such o
these matters as South Carolina Journals refuse Il
| acknowledge OF sturdily deny. Private letter
confirm the melancholy contrast to the blessing