Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1861-08-09
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JTRRHs.
A Oonmercial view.

"otes NhiVefpeOD Advernser 1bthi
President Lincoln and his advisers were pay-
eioniese themselves when they issued the spirit
s.ffing appeai Tor troops that was responded I'd
VIII WIZ IN eiacrity truly astonishing, and with an
afoor as intensified as II months previously the
coming events had not cast its on,jno,,a shadow
before H. 1896 dH65 vsl'1f1',Ti =" = '
Why should they now recede, alpnost before
blow has been struck7 Why should they 40
stultify themselves in the eyes Of the world as
70 crop the sword Ike braggart ctayens before
~ mas been wrenched, from their grasp, or at
ieast before the result Of one campaign has made
10 apparent that the further prosecution of the
war would not be worth its cost in blood and
treasure? 40 :. 11a m t,FlgI!T iJTgfF'sS tr'N
*NS e. lo 7a*2 ~ bis ~ 81. ~,
Perhaps no great battles may be fought: put
the war will not be the less disastrous OF, that
account, and the continuous blockade Of the
Southern ports will inaict blow on the COM
mefoe Of the world, the effects Of which NAV be
ieit Tor many yeare to come. The main cues
ton which presses for our immediate considera.
tlon is, how long can that blockade be enforced7 Z
This, TO US In Lancashire, is most nom entous
question, and it would afford us not little sat
isiaction II we saw our way clear to say that the
Diockade could not possibly be enforced beyond
the close OF the present year N
Since the commencement of the American
difficulty, our editorial trumpet has given no
uncertain sound. Our sources of information
have supplied us With early and reliable iptelli-
gence OF what was passing on the other side of
the Atlantic, and we therefore Aatter ourselves
that out words will have some little weight with
tue com n erciai community, and especially with
those who are most deeply interested In the cot
ton trade, when we warn them that dearth OF
cotton, such as was never experienced In this
country 10 any previous period Of Its history,
may overtake US In the course of the next six
months, unless our Government awakens 20 A
sense OF the awful consequences which would
fow from such an event, and institute more ac-
tive measures than any which IL has hitherto
employed to induce the United States Govern
ment to yield TO fate and acknowledge the inde-
pendence of the Confederate States. II must
come at last to this. We can see no other solu-
tion of the difficulty. The Northern States
have the power to prolong the war indefinitely.
The Southern, If defeated in the field cannot
DO finally subdued The folly of the contest
thus waged Is consequently as apparent 70 US
in England, aB the folly OF that contest which
we Waged with our American brethren toward
the close OF the last century was to some of our
then wisest Statesmen. Nations, however, are
not wiser now; the passions of men, when once
lashed into fury, are not more easily calmed
Now as then, notwithstanding the rapid
progress Of NEUTRALITY-SUSPICIOUS. the
vision OF universal peace indulged in by some
harmless enthusiasts = despite the uplifted
voice OF reason and religion; despite too, the
generally resistless pleadings of elf.interest-
| now, as then, there are periods of national ex-
citement, and one of these is at this moment
fpaasing over the North American Continent.
when the pruniDg-hook Is transformed into
the spear and the poWshare beaten into the
sword. AT such moment IL is vain to hope
that "the still small voice" Of reason can
hush the storm Of passion, or that even relig.
ion can rein in the fiery steeds of war. Let
US, then, before cotton is raised to a famine
price, do all that can be done to increase our
supplies from other quarters, or We may see
the article SO enhanced 10 value az to compel a
general resort TO short time, If not the shut
ting up Of hundreds Of mills. We can no,
forget that only four years ago, with far less
reason than now exists for rapid rise In its
value, we saw nliddling Orleans marked at 9J6d
per pound. The Eeoncmiit of Saturday specu.
lates upon the probable consequences OF o rise "a
ls. Sd. per pound, and upon the risk which would
then be incurred by operators In the stape -
But while we are looking out for fresh supplies
Of the raw material, let US also search for fresh
outlets for the products of our looms; for al
ready our exports are failing away enormously,
and some idea of the extent to Which the trade
OF Liverpool and Lancashire has suffered from
the war in America may be formed from the
fact that the exports Of this port have decreased
In value last month, as compared with the same
month in 1860, to the incredible extent of CO..
36l ,704, the greatest falling off being In our
exports to the United States of n Ametica,
which show "a decrease on the month OF
El ,75S, 49, ,i1oI .oCz,Q If.!J .sillsS ',,l.