New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-06-03
slaves or tho invasion Of some territory belonging to

slaves or the invasion Of some territory belonging to
friendly power.
While, then, we may be hopeful that no difficulties
will occur with any foreign States it still may be cali
culated tina! capital win not during the present state oil
things be largely rsked in foreign trade. infer that
the importation Of merchandise win necessarily be
light The interior trade Of the country will Of course
be diminished in proporonate degree. In fact, II is
even now apparent that mercantile credit s to great
extent Suspended
4. The sudden diminuton OF mercantile and manu-
featuring business han had the effect 10 throw out OF
employment largo number of men who have been
connected with that kind of business upon salaries In
fact the discharge of clerks and employees commenced
long since, and must 60 in sill increasing RATIO as
business shall be more curtailed.
The shipping business yet, 10 not 80 much affect
ed, There has, 80 far, been actual attempt to cap
ure our vessels and the demand abroad for our North
srn products 10 unimpaired.
Having thus referred briefly to some Of the I'M
favorable crcumstanceswhich viii operate upon North
ern enterprise during the tendency Of the war, VIII
advert to the counterbalances which will ultimately,
as trust, more than make good all our losses;
First! A large proportion of those who have lost
their usual employment are taken into military service,
have found something 10 do in the various modes Of
mechanical industry connected with military NUM-
tons, clothing, &c.
In the presen, state of patriotic feeling (which rut
win not soon subride the families Of oil who have en-
ltted soldiers win be literally provided for in case
Of their decease by the casualties Of war, while in the
mean tine their pay is, in the larger number cases,
greater than they would be receiving in their ordinary
employments.
Second The destruction OF life in war is far lefs
than might be inferred from the formidable character
Of the implements introduced by modern invention
Especially will this be the case in the war now
initiated I. cen hardly be doubted that the military
array either side has sufficient apprehension OF tie
yaor Of it's adversary MOTTO rick conflict with eupe
ror forces. The consequence will be, that If the Fed
era armament largely exceeds the Southern, We shal
have a victory without much bloodsbed.
Third, II the war be much protraced there WILL OF
coue DO large public burdens for the maintenance OF
so large body Of men IN military service. On the
other hand il must be borne in mind that produce
amos, everything that is necessary for the supply OF
the soldiers; and again, that whatever is expended
upon the army Immediately rsyers TO the farmers and
manufacturers. single drawn there may be- viz,
the diminished supply Of cotton from the South. Be
FORE however this will be much felt, predict that
some outlet will be found for whatever surplus cotton
there 10 tti at the South know net how far we are
now prov dcd but il almost certain that whatever
there s still undisposed Of the South will IN some
mode be got " market, and that must be at the North,
IL our Government shall as now seems probable thor
oughy enforce the blockade Of the Southern ports.
| Fourth The temporary suppression Of trade, while
il will he disastrous TO merchants in the large ces
who have invested large capital in merchandise, and
more especially those who have bad large dealings
with the South; ye!he general effect upon our people
will be salutary. There has been already, and will
be still greater reduction, in the exlrsysgAnee which
had become q national vice. Fortunes have therefore,
been too easily made and therefore has been often
observed respect accidental gains by lotteries and
tic like, have been profusely spent. We needed u
lesson tha. should teach the necessity VI more
| frugal mode Of life.
| Hnh! Ofsi more account, p my estimation, IL
the higher tone Of character which our national peril
will induce. Nothing is much valued which has not
been acquired by EFFORT 30, what has thus been Oh
tanned II become OF little account, nothing 10 to
be done for its rerpetuity The love Of country be-
heye to be founded upon sacrifices which have been
made, and dangers incurred, for the defenie of our
been involved in little peril The commercial disasters
which resulted from the War of 1912 could hardly be
deemed en- exception, inasmuch rs it was believed at
the time by the larger proportion Of the merchants that
those disasters were incurred by the reckless proceed
ings II our own Government, and would have been
avoided BY greater preparation
Making, however, all due allowance for this excep-
tional case there has been, nevertheless a general
Of prosperity. Population and wealth have ac-
cumulated Till our nation has become the wonder of
the civilized world. Such ACKNOWLEDGEMENT could not,
In accordance with the laws by which the affairs of
tons have been regulated, 90 on without some draw
back. Already there hadbecome apparent some serious
defects on our national character At the South there
was An utter want Of national feeling. At the North
We had apparently become Caithaginans, wholly de-
voted 10 oneymaking pursui.s and regardless of the
honor of the country.
IL may be hoped that now, when it is found that
cannot safely allow the functions Of the Federal Gov
eminent to be perverted by Southern politicians to their
own unhalowed purposes, we shall return to. sense
Of what constitutes the real greatness of nation;
aha. henceforth we shall remember that it is not
wealth but moral worth which alone can DO the basis
of an enduring nationality. A. II. ID.
Maybe, ls6l.
THE UNION PARTY OF THE SOUTH
There exists in tho North singular error in refer
ence 10 the character and aims OF what is called the