New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-05-19

he amount Of a thonsBn dollars Only last Simmer
alter season Of the aost rne. amp-d prosperity,
. "neh me cotton crop had been uuallv large and
''e prices HIGH tie wrtr WIS IN one OF the richest
counties OF Georgia, aud knows that IN AN area Of
twenty sQnare miles 'iere WAS barely money enough
u pay tie ordinary saie tai. There who hal m ney
were compelled ~ lend To hos, VINO were e,s f,rtu
nate. Even at tine ~ ~ ncrt prmrer.,y ,her.-
io'e ibe Solth il count, peculiarly mprepsred for
| war.
! Add TO thisnow The fact il' durngrhe PCS, year hs
mere anticipation Of tie " seut state OF things has
Brought aJ,nt neary al he aont financial e to og
an actual war and have he present position OF the
southern people A an nclpal fict nearly TIE whole
population ale now living ca credit. Every day for
six months pi,cs have been advancing money has
been growing more scarce. d-,r insecure. Pro-
Ierty in cities has fallen IN q at who
yen ago oolusd thems l,es wealthy do not now know
that they are worth lenny. MnII'tudes of planters
aro two years in debt Since he blockade oil trade
is pIoBnto; merchants declare themselves unableio
renew her a0.ks ard setting ssljt for their friends
laIcos Of plantation goods which the next few mooihs
may make TOO scwce for money. But even now there
il no money. TIC South sre beginning war with
radc more radically desngcd. aud personal credit
more thor UGLY sha tered tHnn most nations are
jnccd 70 after years Of co,ct. But the real time OF
trouble haze not come yet Thus tar The new Govern
menl has been able 10 get I'll ny wiihont appea'ingto
the peopl. Tor funds. TIE conf cation OF Fe1ral
property il tho Seeding Stdes, together with
the income from the t,Iii (which is said % have
amounted 70 $4,000 d.yl have provided for
all the immediate wants Of the nation and il has seemed
10 most iae lappy continuation Of the golden dream
If the old Federal Government. Every thing has SEEMED
to move on smoothly. Bur all has not been 30 hmmo-
n.ous ard sl'is'lct0ry IN the internal management 81
tie new Government as the Norh has been willing 10
believe. In proof of this, will ony mention riGglo
incident " HI d came 20 my knowledge while IN Mont
couery, and which has significance as one OF many
riimpsesol .fnth thus come oec ,sonay through the
cloud Of gasnade by which even the people there are
deceived 10 ono regiing in the South. gentleman,
whose Daue in Alabama 10 synonym Of honor and
sgacity, vaa offered pron,leDi position in TIC new
government. lie occupied me Pst for several weeks,
aud then quietly tend, rel bis iguaiion. In explain
mg BIS coailo, 20 q friend he iitnaed, that III Ugh
seoes Joni ., yer, n bis connection with the new gov
erpucut lc la zen binvs which entirely dcs'royod
his coufdcuSc ii Il. snccess. You will discover. ~
and by" fl tc, "things of which you have now 10
idea" There afe, 10 be sare, some thiaking Ielple
WHO rf1.t1 tie ff-tfNt NIHtiNifi N'HniNn0 u Wv
5outh bat, o. q general thing, not even the
NoriL l. 80 thoroughly deceived by the extrayasait
boasts % the Southern political leaders n The people
thamselyes For q time ucy argued that IN eneh
nae he so des would not insist on iNm'd ne pay
nieus B1 when tie Pa, mister delayed biz visit to
the camp q, pcar cola few weeks l'ter than 'he ar-
pli1cl lime he ra.ri0ic coli there did not fail 70
hci sg na- smell a want Of order. and the worknion IN
tie Nav, ard rose "a mob and refusedto work With
o.t these Lto sno0urug menis on the part of the
Treasury Department. oi the fifteen million loan
abog. {, 30 lac h.el taken. but even X the whole
amount were taken an pad sp, how long would II
sustsu ~ army # Gf thousand men 10 tho field =
which s the least nun Der hcy propose TO ihemseive'
whence ihsn are % come the millions necessary "a
crrry on Tho war; In the Gulf Sstes there are yet
Two towers = hopotle sale Of cotton in the FAIL ana
the wealth Of the Borier STATES. Should the hrt Oh
these be cui oa by our ehTs # war; or the Last prove
limited ~ g.nfcd in is how-why, "A lamp does mol
buu Wia0u. oil-tho war viii be Mt an end. FOR
u ere H. sl 20 The Gov only To seize the specie
ia bank vaults iulo enough and to issue Govern
men,ll scrip and thee, would fight more eiIeetlaiiy
Tor tho Nort1 Than al her .rnies
ABssilESr IN THE SOUTH.