Daily Nashville patriot. [volume] (Nashville, Tenn.) 1860-1862, 1861-05-22

The wealth, the power, the resources OF the
North in men and materials of war-these
are constantly dwelt upon by those whose
cowardice or treason, causes them to under
rate the strength of the South. We would
neither underrate nor nverrate the resources
of either section. Either is bad policy. We
believe that the South is fully able to cope
| gvitb the North. and that she will exhibit no
deficiency in men or money, whilst there is a
vast superiority in the aggregate in the
quality of the men whom she throws into the
field. Moreover the Southern people are not
| engaged in a war of invasion, but fighting
for their rights and liberty, and for the pro-
lection of their homes and with the resour-
ces of the South, and such cause, they are
invincible. Pay is matter of no great mo-
ment to men fighting under such circumstan-
ces. and were the South able to provision and
arm them emily, they could not be subdued.
| They may meet with Ieverses but they will
ultimately triumph.
But, in what consists the superiority o. the
North as regards wealth This interrogatory
is answered by our contemporary of the Rich
mond Examiner, which contends that people
are not wealthy who cannot produce their
own food and clothing, and have nothing
wherewith to purchase them. The consump-
ton of cotton goods, in the North, it alleges,
amounts to hundred millions annually
Cut off, it continues, from the raw cotton of
the South, what means "will the North have
wherewith to purchase cotton or cotton goods?
Her manufactures will not sell in the mar
kets of the world, and she has nothing else
wherewith to purchase cotton or cotton
clothing. How is she to purchase sugar, tea,
coffee, rice. molasses. and many other articles
of food which she needs, but which she can
not produce? 1t will require the surplus
grain of the Northwest to supply the def
cheney in the Northeast, and thus she will
have nothing to export. nothing wherewith to
purchase necessary food and clothing.
"There were sixty-eight bankruptcies in.
Boston week before last. Southern trade
was the basis OF Northern wealth, aud. de-
prive1 of that, her capital becomes valueless,
and her wealth nominal.
THE South produces or Can produce within
| herself all the necessaries and comforts of
life, and have an annual surplus for exporta-
| ton OF four hundred millions value.
1T is no exaggeratiOn to say that, at this
moment, the South is one of the weaithiest
countries in the world the North, the poor
est in Christendom.
1.-The North has no means with which 10
carry on war-tke South abundant means.
Nortbern Capitalists who pf etend tn lend
| money to their Government will soon discov-
er that they are bankrupt themselves, because
their stocks and fixed capital have lost their
value as result of the loss of Southern trade.
There is no metallic currency in the North
to lend to their Government, for all that
they have is required for ordinary circulation:
and foreigners will not lend to a Government
that can exhibit no means of repayment"
Let the war go on, for year or two, and
we shall see these opini ms verified. The
pride oil the aggressive Yankees will be thor
oughly humbled. Want and begpary will
take the place of prosperity and plenty. As
If conscious of what is to come. they are
clamOrous for a short war. They profess to
believe that they can crush the South by a
single vigorous campaign; but this, we sus-
pect, is simply cover to their desire 10 do
US as much damage as possible during brief
invasion, and then retire. A long war would
not simply be ruinous to them pecuniarily
but would render the South forever indepen-
dent Of them In every respect, and they are
aware 6fit $3.50