The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-06-15

pabars one OF tho principal sources prvations
and suernrs 70 which New Orleans has been suoecsd
for many months arises from the suspension OF the
enormo trade foreign and domestic, which had pre-
viously enriched her. Iven admitting that the blockade
or the mort by the United States
SO complete and rigorous e1ectualy TO preclude the
possbility OF its occasional ion, tho nited supply
OF articles derived from that camel consisted chiefly Of
munitions OF and ohor materials for tho use Of the
authorities but from which the public at hrse obtaned
small benefit. Iencc tho was little or no commerce.
tho real AMI EXTENDED sense Of the term, ong
the mouths Of the Mssiss pi were closed TO sthr in
gress eTcss. As there 10 city In tho South
sentay dependent Tor prosperity upon the exchange
OF the pred OF the soil for goods of domestic
foreign manufacture II may be readily understood that
ring the period referred 10 tho people OF Now Orleans
had hard road to travel and cannot be said To have
r. posed upon bod OF roses.
There are those among st who look for better times,
and that right speedily 1t may be so, and should
joce witnessing the change. but are not
guno. The opening Of the port to the commerce OF the
world under the not severe restrictions imposed by
the President OF the United States and Secretary Chase
would under ordinary circumstances, secure TO US
swift revival Of trade Our levse, as in times past,
would groan beneath tho weight OF merchandise while
our sreets would echo 10 the cheerful ratio of drnys
laden with goods Of cvery description. No doubt the
rg merchants OF tbs North and West and of TO-
reign countries will not fail to despatch hher large and
valuable cargoes of such articles may bo supposed
10 stand most need of-or instance provisions Of all
sorts four packed beef and pork butter and cheese,
ape art cies OF merchandise cotton and linen goods
printing paper and the like The difficulty win not con
sst in the dearh Of these supplies but in the means Of
payment. 1t can hardly be said that we have
currency which would prove acceptable 10
those of the North who desiroes Of
dealirg with City aud bank notes comprise suit.
sble and convenient circulation for me ely local pur
poses and u extent exceedingly useful, the
absence o. decided mo allie basis. Bit we scarce
ly think they would be wlli gy received in settlement
for ths lags and valuable cargoss o. goods which will
doubtless be offered for SALE Gold and silver have be
the officers and soldiers Of tho United States army
portion OF tho precious metals will unqusstionaby be
spent midst; but an ine or circulation
drive superior one out OF the market, fancy that
most oI the gold aud silver Will be boarded
The absence Of the only certain basis Of sound
rency will present many embarrassmcns to the full
sumption OF business. There Is, however, remedy,
and II is 10 be found In reveitng to the somewhat prm
tive system Of barter which in all countries constitutes
material element OF commercial transactions. What
may be exchanged against the products Of the
North other nations at least until regulated and
convertible currency shall mnart TO trade its wonisd
normal and healthy aspect, and revive It of yore
Urom tho Kew orleans Bulletin, May 80.
We nothing in these provisions 10 prevent law
fu trade with tho port either IN United states vessels
those OF other nations and IL becomes interesting
to inquire what will be tie commercial effect In our
market o. th,s relaxation OF tho blockade. We have
nsiderabe stock of sugar In store, which the
holders are willing to sell at prices that would leave
handsome margin ON shipments 10 New York at rea-
sonabIs rates OF roght There is also large amount
planta.lon which be purchased for ths pur
pose There Is also abundant stock of molsss
There may be also considerable supply Of naval stores,
no obstacles be imposed its tree admission into the
oity from beyond the lake There also some tobacco
the bulk Of the stock of that article however, being
held by foreign owners, and merely awaiting decline
freighs for shipment 10 Grca. Ltan and the Cont
nent. There Is, also considerable amount OF money
deposited in city banks which might be appropriat-
cd 10 the payment of imports. This, We believe CON-
prises nearly all that We can Offer exchange lur
goes that may bc here from the United States
OF from other ons, but will amount In the aggre-
gts several millions of dollars, and to that extent
will give employment 20 inward and outward bound
ships. Parties, however, who send vessels hher for
rgoes would do well TO ship either such merchandise
az may be wanted hesc--such -four provisions print
ing PAPER and various staples OF which supply is
ausied-or specie. They VIII find II extremely dicult
4 ~ nj flav.
poet buy letters OF credit lhey may be seriously
disappointed