The sun. [volume] (New York [N.Y.]) 1833-1916, 1862-01-17
THE NEW YORK SUN.
FRIDAY MORNING, JANr II. 1861.
The New YORK City Pres


remarks Of Mr.. Lovejoy, in Congress, respect.
ing the surrender Of Macon and Slidell, as Ii
bel on American sentiment; comments Avora
bly, vpon the present financial action Of Cyn
gress; considers that peace with Euelaud hN
become settled fact, and that the last war csrc
Of the rebels has thereby been destroyed.
The HERALD refcrs to the news from Europ,
as indicating peace, denounces the abolition a..
tscks upon Ger. Mcclellan, and devotes cou
siderable space TO the annioiAtion Of Garrison
in its usual style Of vituperatioH, which hn
ceased to be novel or readable.
The TRBuSE, under the hoSding Of LIS,
there be Light, indirectly, but urgently, sdvo.
cstes scme general proclamstion Of ofemsneips,ion
1t fails to SOC that Con. Sasrman's proclsms
ticu, inviting the aid OF the slaves, which the
TBinUSE So p,'lo:icslly calls Tor, tii not reach
them as body, end fails to know that General
Phelps proclamation dit more harm than good
Like the ostrich. its head is ia the sand, all
perception and thought cut on, while psrp,tu
al wall arises in favor Of measure which W.
cannot now carry ou; il We uould, and should
not five cclld.
Tho WoP'.D very scrsibly comment, upon
TIE disattrous fnan-is, position Of ths robols.
The rebel government com MERGED its fn,n-
cil career by liyi1ga dutv on imports. 1ns
| bloch sds dried up tins source ofrevenus. Tnsy
attempted 10 raise a loan Of fifteen millions by
pledging an export duty on cotton a. guarsu
tee. Eight millions Of what Secretary Mem
minger called this most desirable Invest neut'
were obtained early in the sumner, by dint Of
official putting and coercion, but ths impossibili
| ty Of getting more than few stray shiploadi Of
| cotton to sea rendered the guarantees " lrthlos.
| AID the balance OF the loan was nsvor supplied
| The Confederate government then ro,ortsd to
| mako shifts. Tho famous "prOdlcs loan" was
tried, and that d,epepIc ii Ito orator, Nico-Pre-
| si1ent Stephens, undertook an ltineracy for tn e
| purpose OF crsck ing IL up 20 the planters. This,
| too, proved failure. From their want Of any
other resource the rebel government was CON q
| PEELED 10 resort 20 an issue Of treasury notes.
| True, q tax has boen laid 60 support the Gro
! dit of these confederate shinplas.ers, but the
! ugly rart OF the is that the people have no
thing TO pay the tax with. la the city OF Nor.
| folk they cannot even find a person who will
undertake its collection, and the Comic icri'e
/ Government, in advertising for tsI-sa hsror,
threatens to send an outsider If tho city will not
/ furnish q collector from its own inhabtants Toe
| people of the south are unable u sell their sA
| Dlee, and the payment Of tholr taxes IL phy'i
| cal impOssibilty. several months ago the
/ 10 make advances 10 them Of treasury notes on
their cotton. Secretary Me nminger oxpossd
the Jolly Oi the Tequ' a. in a wcll-reA-Uned let'e
| to tho planters But since its pu ,lciti)n nat
| ters have gone ON from bad to worse tbs ro vol
arc duoed 70 ~ h straits that their state
| Legi-l tups are coming 20 the rosCuo and are
Attempting TO enrich the community by thy
| promising method Of taking shinpl ssters out o.
mo PICKET AID putting Il c n into the othor.
IL the p,ss, ssion OF the cotton gives no avail.
| tb'e resources 60 tho planters, how can a lien
| upon It give any TO the government ? Til the
cotton s 'itl,r sold or there exists a possibility
Of -clliug it, II Is dead rropertv N''N'"'' "-'
'" a writer in tho New Oileans Crescent puzc,
Nos himself over the high prices OF E's,u ~
which the southern crop was a'u p'An'J III Una
| wise; III. ,,o vo,v
| =, ,,,.l .f cereals l,Ht SUMMER consume
.lnpld h,,, tu sui INIT & uh"ut 'un'"' ,,,s.
i.i.rpts furnishing sugar 'l'n .,'-', A. ,o.
.i,,,,cAly low pr,es. nul Boo return she y 'n''s,
, ,,,,., exor Infant price, tor what hei hn'"''''
| v,nt 4. Du,. Al TN, AMI s'IurtmuS m1I'' a., -.
| y,,I t,r .u,. side. \ J. Iui~.tu' 'l'l'i % "a,
"A D. o. sr. ppr pound, and luyin. llN ~ - a
r ,,itd iI, i,..t, and com ut nom '''' 70 .
rrr iaslir, does !. q sn4iy ate ANY vl"''"'
uI pomuu1t'7'
T,e low price of Louisiana sugar is easily eS
nlicLLe by the fact that there IA no III hket ~
II except The Cor iederate atGs, ~ ."' ,hs
. priee Of provisions, notwithstanding tne .s
abundance, is owing TO the depreciation oi IN
| currency. , ,,. e., ,.sar
. ,ha rahcllion a l,feat deal better thAn IL ca
> ,hToush the frst three months OF the seeGn
The rebels set out with the fall proceeds OF - !.
= years cotton crop By refusing TO pay .Ie
|. Iortbern delta, amounting TO three hunur
a millions Of dollars they had moro money
" a.a,,J /, 1HGl than in any previous year
"a Hoir hiatorv. But flush as they were Wh
,bcv set up their bogus government, they
y already reduced to desperate straits
n, ----
IT.. The SuiIrrinss OF "A uuion Man i"rrexa