The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-10-02
NEW YORK HERALD, WEDNESDAY, OCTOBER q 1861

don and Paris 10 urnals, to be convinced that
even this reliance>of our mistaken neighbors
below the Potomac, will prove delusive. Brit
ish capitalists are preparing to open channels of
communication with the interior of India,
through which will pour into the seaports of
that vast empire, millions upon millions of bales
annually, of product inferior, it is true, to the
American staple, but which, when mixed with
better cotton, that can be procured elsewhere,
will sufficiently answer every purpose of manu-
features. In less than a twelvemonth, such
revolution will have taken place in foreign
markets, that Southern cotton will no longer be
looked for as a necessity, and, in three times
that period, it may, perhaps, not be wanted at
all
Commerce in the North is already entering
upon phase heretofore unknown in the history
Of America, but far safer for the future welfare
of the country. Instead of the insecure business
with the South, by which our merchants have
lost such vast sums of money, and have been
obliged to sacrifice feelings and principles for
gain, certain and lucrative trade is springing
up and we are becoming dependent npon each
other. instead of upon strangers, while credit is
curtailing itself within limits that exclude the
possibility of those periodical monetary convul-
sions, that have swept over financial circles
every few years with such terrific and destruc-
tive violence. Industry is reviving; the habits
of the people are far more economical than they
were before; extravaganza is once more looked
upon as vice, and a source of national decay;
and a uniformly healthier tone pervades every
class of society. The Western States show
disposition to vie with those of the East in the
establishment of manufactures, and, Astounding
in an agricultural wealth which makes them the
granary of the world, they bid fair to be able
also to undersell other markets in the fabrics
which they have been obliged hitherto to pur-
chase. Discord on the subject of tariff is thus
likely to be banshed from our national coun-
ellis, between Western and New England repre-
sentatives of the people, as the interests of both
will have become identical.
The Southern States boast that they too, are
rapidly rising to a position of perfect indepen-
dence Of other people, and especially of the
North, in all that relates to manufactures and
internal products. So much the better When
Southern mills shall have sprung into existence,
in such abundance that they no longer need the
cotton fabrics of Old and New England; when
their tanneres compete with ours; when they
begin to export cloths, stuffs, iron ware and
grain; when their shipyards resound with the
hammer, ard their FORCES are able to turn out
steam engines, the happy period will have
arrived when no cause of interstate jealousy
will remain for demagogues to make capital of
when national Congress can meet together
harmoniously; and the question will not be
asked whether President derives his origin
from Northern or Southern State. Difficult
ties concerning internal Improvement, and the
imposition of duties on merchandise, will have
passed away, and the sole object of the aspi-
grandizement, and the extirpation of foreign
rule upon this continent. If, therefore, amid
the treason and rebellion by which the South is
convulsed, manufactures are thriving we see
cause for rejoicing, but none for either envy or
sorrow.
The civil war that rends the country, and
menaces the loss of SO much life and treasure,
is in itself an unmitigated calamity. Dreadful
is the responsibility of the nigger-worshipping
faction at the North, and the nigger-driving
demagogues Of the South, who have reduced
the republic to such pass; but it is cheering
to perceive that, as the American people pros
pered in the midst of the strife waged forty-six
years ago, in our second war with Great Britain,
and fourteen years since, with Mexico, SO also
do their spirit Of adaptation, energy and in
dustry, enable them to stand firm now, and
the probabilities are that when the atmosphere
shall have been cleared of the smoke which
darkens it, the prospect before the United
States, will be brighter than it ever was before
ADVERTISEMENTS AND THE LESSON THEY
TEAcH.-Next in interest to the all-engrossing
war news in the daily newspaper is that por-
ton of it devoted to advertisements These
constitute most curious and complete pano-
rama Of the every day life Of community.
They show the changes, hopes and prospects
in business when the country is in crisis.
Amusements, politics, business of all kinds, ira
vel by land and sea, household changes, sport
ing, clearinghouse life, families needing serv-
ants and servants desiring employment, the
column of births, deaths and marriages, and,
lastly. the personals" all pass under review,
and go to make up most perfect tableau of the
condition of society every day. 1t is no won
der, therefore, that residents of cities who have
been long accustomed to the daily pleasure of
looking at the world reflected in newspaper
esteem the deprivation OF that pleasure as one
Of the greatest penalties they have to submit to
in leaving home.
But the advertisements of newspaper are
worthy Of attention on other grounds. They
are the true barometer of business. When times
are dull and business men are Respondent, the
advertising sympathizes with that condition Of
the public mind, and diminishcs in proportion.
With the return of confidence comes a cores
ponding increase in the amount of advertising;
so that from the extent of the latter pretty
accurate estimate Of business prospects may be
formed.
On that basis we think we have reason to con-
graduate this community on the remarkable