New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-03-23
FROM LOUISIANA.
HOW 1T GOES ON-NORTHERN PRO-SLAV-
cry MEN-THE LOAN.
From Our Special Correspondent

From Our Special Correspondent
NEw.ORLEANs March Is, 1861.
Citizens of Northern birth are numerous
throughout the Gulf States. Many of them are
among the heaviest business men in the cities,
and few are planters in the rural districts.
Their position during the present revolution is
peculiarly embarrassing. The simple fact of
Northern origin is presumptve evidence Of I'M
soundness; and if they are not strongly identified
with Slavery, causes them to be looked upon with
suspicion Here and there one who found it pos
sible to leave has already gone North to stay
until the storm blows over. OF those who re-
main, part are quiet and conservative acqui-
escing in Secession for the present; but looking
hopefully forward to see the old flag and the old
Union reinstated
Others take Numerically opposite course,
and out-Herod the native Fire-Esters in the real
with which they shout for Secession. Their very
violence sometimes eIcitcs suspicion, as all dis
honest courses must sooner later. / was in
mixed company recently, where one person made
himself peculiarly conspicuous by his fierce To-
quacity. The course of the Border Slave States
was alluded To, and he opened the yials Of de-
nuncintion upon them for playing second fiddle
to the Black Republicans being treacherous
to Southern rights" etc.
"Who is he 7" asked Of a Southern gentle
man beside me, not in the dangerous stage Of
the Secession monomania. 4" lie 7" was the IL
dignaut reply; "why, he's u Eortberner, d-n
him He 10 talking all this stuff for effect.
What does he care for Southern rights lie
don't own any Diggers, and wasn't raised in the
South, and if it was fashionable he would just
as soon be an Abohtionist as a Secessionist I'd
trust n ngger-stealer as soon IA such a man."
have encountered these Northern fre-eaters
repeatedly. They think themselves consummate
actors; but they oyerstep the modesty Of nature,
and tear the passion 10 tatters They evidently
suppose that the Secessionsts are fools or they
would not attempt to delude them with such
transparent hypocrisy.
The fifteen million loan Of the Confederate
States is still running about prospectively, like
the Irishman's pig, begging people to eat it, or
at least to take small slice. We expected TO
see immense enthusiasm in taking it. We sup
posed that the masses would throng the Offices
where the stock is issued, as they did the house
of John Law during his great bank bubble in
Paris, bribing the porters, blockadug the doors,
climbing in at the windows, and begging piteous.
ly to be allowed to take a little for charity.
But in 80 doing We listened with credulity TO
the whispers of fancy, and pursued with eager
ness the phantOms Of hope. The masses refuse
to rally. The capitalists don't exhibit the eX-
pected alacrity; in fact, according to one reck-
less Anti-Secessonist, it has produced a cold
chill" among them
/ am unable TO learn the exact amount yet
subscribed, or rather, which parties here agreed
TO subscribe for, for the powers that be are stu
diously silent upon that point. But a tremen.
dous newspaper pressure is brought to bear in
favor of taking the loan. The Secession organs
tell us daily that it is the best stock in the mar
ket; that the export duty on cotton, upon which
it is founded, will not only pay the interest, but
extinguish the principle within ten years; that
the rate Of interest is higher than that Of the
loan recently effected by the United States,
"wth its empty treasury, heavy debt, and disrup-
ted, revolutionary condition." and that in two
or three years it will command a premium Of
20 or 80 per cent The Legislature is urged to
exempt the stock from taxation. Not only CAPT
talists are appealed TO, but those in humble cir
cunstances are asked to subscribe, if only for n
single share To all the considerations of inter-
est are added appeals to local feeling; and South
ern pride is invoked TO come to the rescue.
" Let it be remembered" says one writer, "that
this is loan upon Southern faith, which has
never vet been tarnisbed--the faith of Louisiana
AID South Carolina, Of Alabama and Of Georgia,
ETC." You observe that he does not name all the
Confederate States, but after enunerating these
four, breaks of abruptly with IN "etc." Why
that mysterious etc Why not add Mississippi
and Florida. o, gentle SecessiOnist, tell Inc wbyf
Was it the ghost OF Repudiation-of dishonored
Bonds, that gave you pausei There is great
virtue in your ETC."
The question of submitting the Montgomery
Constitution to the people is stll agtated but
the Revolutionists continue to oppose it violently.
at ia STEP" says The Crescent, " toward |
q Government Of Radical Democracy and Red |
o, no; no Radical Democracy |
for us Are we not the governing class Per-
NIT the people to vote on their organic law |
Why, we might as well have Government Of
shopkeepers and mechanics and small farmers at |
once The Delta states its objections with still |
more frsnkness Hear it:
TO such submissisn IN De yrsssna eons,
sss are very obvious There EXISTS 10 ths sstss psy
drsssss, which MIL - 6sfss ~ eSsusa ~ psw guo