, 1861-01-24
Things axe in bad condition At Charleston

Things are In a bad condition at Charleston,
Commerce Is almost destroyed Six vessels
filled with stones hare been sunk in the main
channel, impeding the entrance or exit Of chips.
None but small coaaters can enter by the other
channel. Al goods purchased must be paid
nies are doing fine business IN transporting
parcels from Boston, New York, Phllndelphia
and Baltimore to South Carolina and other &C.
eeding States. The parcels are not delivered
until the cash is paid over. The cubIllsic let
teFs G: 9: D., accompanies al packages Of
1t the place Of purchase. The instructions on
the way bill ie-"payment in gold On deliy-
cry" The quantity of goods sold to the se-
session States has largely fallen OF But what
nre purchased for that market are paid for In
coin, and this is found BY New Workers to be
giving nine months credit with SIX months
extension Of notes, with frequent ccmpromi-
ses at 20 or 50 cents on the dollar, after wait
i"g fifteen months, For many years the cot
ton States hare been one crop in debt. The
cotton of this season going to pay for the
goods bought and consumed Last year. It
were better for the Eastern wholesalers and
manufacturers to absolutely lose all that Is
due them from the Cotton States, If the cash
system can hereafter be firmly established be-
tween them and their Southern customers.
The secession movement hiss established the
lhct that the South must cot tinue to purchase
its goods from lie North, as we'll as to pay
a:aeh down. This is one Of the reasons for the
remarkable Improvement In the tone Of the
New York and other seaboard city merchants.
They are no longer panic struck ut the idea Of
secession. They have discovered that the all-
ucipated commercial ruin will not happen.
The wants Ct the South must be supplied from
the best and most commercial markets,w whether
the disunionlet5 vote themselves out Of the
Union or not. 4 sccessionist will wear out as
many clothes aud consume as much northern
food and drink as a Unionist; the only differ
ence is, that the one must plank down the
spelter, and The other can purchase on credit,
and pay when he gets ready. The merchant
has confidence in the promise Of the one, but
only In the gold Of the other.
The South Carolina Legislature Is put to lts
wits end to procure the sinews Of war. They
dread the effect Of levyins direct tax on the
property Of the people. They are unable to bor-
bank and its branches have furnished most Of
the currency. But us the btnk has suspended
specie payment, It's notes ore ut a worse dis
count than even Jour Illinois wild cats: A ream
Of them would not buy bale Of goods In New
York Various individuals known to have q Lit.
tic money have been persuadedt to loan It to the
Empire Of South Carolina, by means Of the ar
Stments employed in Mexico in like emergen-
cies. Governor Aiken, the other day, was in
duced to lend the Stale $40 600 by the pathetic
appeal Of imprisonment and conflscation. 4
bill las passed its second reading to eeizc anil
sell the free negroes into slnyery, and use the
proceeds to carry On The war. The SUN already
expanded in founding the Empire, his mnjesty
?ickcns, states to be 81. AZ, 900. But he
declares that he must have more men
and ninney to keep the pot boiling. The
present daily expenses Of South Carolina to
maintain The war, are $4,000, or not far short
Of 5000 ,O0a year, which for state whose
white Inhabitants co not equal FarnsWorth's
Congressional District, is serious item. It Is
c!ear to the most obtuse undcrstaudin. that
the rebellion will soon tiZz1e out for waut Of
means to sustain 1t. Uncle Sam has not yet
struck blow or spent a dollar to put down
VII 1le their demonstration has cost
ten millions for war preparations, md tens Of
millions in tile I'll pWreck Of their commercial
affairs. Let the North hold firm, and the Gen
eral Government do fts duty BY closing up the
poris Of the traitors, and withdrawing the
tuails, and this miserable rebellion will soon
smother to dtath. To perseverc in their insu1-
rection the leaders will be obliged to resort to
direct taxation, forced loans and conf1scation,
which will inevitably canse discomfort, rcsis-
tance and reaction 4 majority Of the people
in oil tile seeding Statcs except South Caroli-
na, have not heart fl this business, and wish
themselves we'll out Of bad scrape. They
will seize upon the first favorable opportunity
to hurl the leaders Of the rebellion out OF
power, and restore their States to their proper
spheres, aid themselves to their constitutional
allegiance- The border States are not going
out or the Uni0n-nnt one Of them; nor Is 1t
probable that any Of the second tier of slave
States will take the plunge. The secession
will be confined to this coastwise
,oitor Statea, q majority Of whose population
Zrc slaves ripe for tevciL CHICAGO,