Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-09-21
opISIo1s oF TnE nKIFIFuPaEss

THE ABOLITION ASPECT OF THE WAR.
From the Loudln News, AM 81
The Cor frderates, 10 fact, settled The fate Of
slavery when hey drilled and armed their two
nsg-O regiments; and the government merely
corrObOrSte3 that settlement by author z. IN
the formation Of a similar force on the other
side. The difference ~, that the southern lead
ers do not know Whist thew are doing, willie
the government is perfectly aware Of the in.
port Of what it OTdains, AMI thoroughly con
sclOus that it cannot recede from its position.
Tue position -, however, manifestly and avo s.
eddy a provisional one; and the necessary con-
clusion is that the Federal cause is hencefUrth
identified with the abolition of slavery.
LORD NoNCK's A~PPorNTMENT AZ GOVERNOR
GENERAL.
Prom the Loadon Post, (glver msnt orglu), August 3 I
We DO no. anticipate that Viscount Monek
will have a very difficult task. Even il by
some &C, ident peace should be restored 10 the
United Stat ., aud the haif a million men 10
arms should be let loose upon Canada, the
province is quite ready, and hss the strength
enough to hold its own. Viscount Monek,
however, may accomplish great good by slsva-
ting the tone of public men ia Canada. At
present it is believed that the member. ~ tne
provincial government Composed chiefly If
laWyers) are not altogether innocent If com
plicity IN those Jobs which have made the
Grand Trunk railway A scandal and disgrace
to the province. L. the present circumstances
Of toe United States be will not only have %
maintain the dignity and neutrality Of Csnsda,
but be may foster manufactures and commerce,
and, above all, attract to the province that
vast stream Of emigration which hitler @ has
80 Unaccountably proceeded to the States OF
the American Union.
LINCoLN's F~IEAECIAL RESOURCES.
Prem the London Herald, DERBY organJ Al. 81
When war broke out = blockade was estsb-
lished with a view to DESTROY the trade Of the
hostile States, and this prohibition OF ingrpss
or egress necessarily pu an end TO all tue is
cal receipts which had been estimated In the
budget. The verv which was to
have been the fruitful source Of taxation was
sought TO be annihiiated; and the commodities
raised for the express purpose Of export, BY
means OF which corresponding imports would
have been paid for, were condemned to remain
in the warehouses Of the South. Thus the au-
'hOrities az Washington destroyed the very
revenue on which they had calculated. Mr..
President Lincoln has now taken a st-p even
more decided, hayiHg issued . proclamation
suspendirg all commercial intercourse with
the Soutb 50 that ~ land as we'll rs by sea
eleven States are completely severed from the
remaining twenty-thTs'; and to thi4 swceplng
enactment il is evident that the Fedsraits
collectors cannot form an exception. The
mails Of the South are stopped, aad the SNUG
gIer alone remains to carry on any precauCus
INSTRUMENTATION.
It is plain that the budget % the last session
Of the Congress is mere waste paper in the
seeded States, and the North is now thrcwr
on its own united resources. Tie banks Of
New York ard Boston have subscribed for the
present loan, and just now they are we'll sleek.
ed with bullion but there is no certainty that
What departs will r~e.urn-indee!. It oaIv can
through the channels Of trade, and these must
be choked by war. The exports Of The South
are stopped, and they who cannot sell have
not the means OF buying, while the new Nor
ri-l tariff must res-T ct the trade Of the North
There appears, then, no source from which the
strezm o. bIi,ion will continue to loW into The
banks. New lDan-, then, must be sought, for
IN Europe; but can Trey be raised in that
quarter? Granting that seven per cent. lie a
temDting bait, it Is countera,ted by the char
scter Of the borrowers. for though The fedora
ton has ever kept good faith with its credit
0 :, many Of the separate States have repuIi.
sted, and Philadelphia bonds have become a
by-wOrd for dishonesty.
If we 10 not insist on the immortality Of
loans knOgingiy granted 20 proiong civil war.
4 Is because experience has taught US that Ia
The acquisition OF wealth virtue imposes no
restraint which selhshness is willing TO obev ::
and 1t would be vsih for us 10 urge that every
five pound note embarked in this quarrel migbf
multiply The sad list of widows and ornbaus
and OF young men msiled for life. All that
We have attempted is to warn the cuDidity 10
which the tempting lure Of seven per cent. is
now being offered, that the security is decided
" bad and though the loss Of principal aud
interest would be the BETTING punishment of
the crime, we hope the penalty nav be avoid
ed by rejecting the proposal