New-York daily tribune., 1861-05-27
seaports. She would not, because she eo,,ld not.

| stPOrts> che would not because sno cb,. NOT
There were pone other tbsn financial troubles IN
1887; yet not isird Of the debt due from tbs
South to the North at the apepiug Of that year
was ever realized. The crasbSd are soon for
gotten, else men would not so speedily and reck-
lessly dance over their graves AMI gamble on
! their tombstoDes. Five years hence, Mould the
Union be rea:tablished, new set of New.York
jobbers VIII be selling to .be Cotton States ss
eagerly, recklessly, as was doDe by their preae.
cessors in 1860.
TIE SOuihIons are rot sinners 20 far above
other men: Many Of their scampsh letters to
their Northern creditors are sheer falsehood
Those who pretoad to have invested their cred
itors dues in Confederate bonds" have done
nothing of the sort, not having the mobey-nor
even the irredeenable shpplasters-to inyest.
Very probably, they would NOT pay if they could.
but then they could not if they would.
Our mercantile refOrmers--on compulsion--
talk Of reducing long credits peremptoriy to six
months. That is not even shutting the door d
the plundercd stable--it is merely vanishing it.
The mischief is not 30 much that the old credits
we're too long as that the notes were. not paid
when due For this. shortening credits il q
most ineficacious remedy.
II our city jobbers coald be induced TO sell
their goods cn no credit at oil, the evil would be
struck at its root and nothing less will answer.
There is not o shadow of reason why Arkansas
should buy her goods on credit any more thaa
that she should sell her cotton on credit Such
credit on either side is mistaken, unsafe, rum
ous. Let the crop of 1861 pay for the goods
consumed in 1862 rather than those Of 1860, or
even Of '6l. This is best for oil hands-planter,
jobber, retailer, and every one else.
That retailer in Helena, Arkansas, or Ma.
cogdoches, Texas, should come to New-York for
goods, aud obtain them here on credit, ID mon'
strous He ought to buy them at Memphis. or
New Orleans, ON credits Of sixty days at most.
given BY men who know his circumstances MI
nutely, and can checkmate him in day, If 30
becomes Incorporate, or prodigal, or undertakes 10
! play the rascal. This may seem strange talk fox
a New-York journal, but it is the truth. Nor
do We admit that the course Of trade We com
mend would damage our City in the loDg runs
Let strong, solvent houses in tho great interior
|
about. and the goods would still be purchased ia
our City-at less profit, doubtless, than now
but for much better pay. In other words, the
trade would be sOunder all through, and our
| CITY would have her fair share Of its pronts, ~
far less risk than hitherto.
If Trade were now prosperous and everything
working smoothly, We should have little hope q
bearipg; but, since the fabric lies in ruins, Il
may iust as well be built up on solid foundations
as on any other--nay no other ought to have
moments consideration. Aud the only bases ot
Trade that shall be something else than Cam
bng. we respectfully suggest, are theses
]. Short credits restricted to houses Of known,
tested integrity and soyency.
g No credits here 10 the retailers Of distant
States. Let them buy their goods, if they want
credit OF jobbers thoroughly familiar with their
Circumstances in Buffalo, Chicago, Cincinnati,
ST. Louis, or at whatever local emporium u
most convenient to them respectively.
3. No credit ang,here to retailer who giyes
credit to consumers. The producing classes
should live on their last crop instead OF the next.
Such are the basis on winch trade might aud
should be built up that would not explode once
in seven years and bury all coocerned under ia
rains. Ye. we have hi,,...J fsta that any reform
viii DO effected. A few yirtaous resolutions viii
be formed and paTaded; but one prosptrons year
VIII obliterate their memory, and soon the old
gambling highfyIng system viii be revived, VIE
the Oh result. For if brayng fool in mortar
Will not imbue HIM with sense, how shaI that
experience be expected to benefit other fools who
have had no taste o. peS:.iie 3i.9ifine and Know
little of any brayiGg but their own No, the
case is almost hopeless yet we must persist IN
bearing testimony 10 the truth.