Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1862-07-16
The 4" yvra,,s 81 leaving r.sir EEOIes.

I
From the Macon (Ga) Telegraph
! An old Florida friend of ours who did not al
ways 90 by khe books ia his Orthography, insist
! ed that it was strong spelling to pat 40 and
/ two Is to rass, and he always peit the YerInln
1 in that wav when be came to tell about wrstts
| laaving g sinking ship" To-day we have to re-
verse the proverb. The wrGtts Of specula-
! ton come forth the moment they find the pc
| itical ship is past danger, and speak ou! their
! aifrigh ted and sIairing notes at terrible
rate.
Il is little we have to do with the world out
/ side the narrow limits of our Office, but that
! little amused Us yesterday. The terrible immo-
| lation of the locust army Of invaders at Rich
mond has already put new face upon politics
and trade as affected by them. The talk is that
] the victory ct Richmond has demonstrated the
] absurdity of the Northern attempt to sublugate
! the South too strongly long to combat the com
! mon sense of the world, or even that of the
! purse-yroud and vainglorious Yankee them
/ selves Men say that even if the Lincolnites
are 50 stubborn and besOtted as to continue this
war longer in the face of the work of q year de-
stroyed at our threshhold in a single week, it can
not be that Christendom will permit its trade
longer to be des royed--its people iamish Ell and
| reduced to nakedness merely to crafty the IN
sane malice Of the Lincolnites.
| IF the war goes on hereafter it must be under
the strongest demonstration of the worlds dis
spprObation The independence Of the CoIltede-
rate States will lie promptly acknowledged.
! Such ports SIS remain to us will be opened and
kept open to our trade, ard if LincolndOm wishes
a general fight with ChTis.endom, she will in all
probabability find 3 chance 10 crafty herself
perhaps a month hence, eff Charleston or No
bile, with nsvies Of France, England, Spain and
Holland.
Il is not surprising that such outside talk IS
this, coupled with the stirring dispatches from
the seat of war, should have frightened the
spectators, who have been boarding up for q
rise beyond present fabulous prices. We found
it to be even So. 4 clothieT told Us that within
the past fOrty-eigbt hours undreamed OF boards
of coarse Southern cloth have been brought to
light, and thrown upon a market altogether
bare Of such goods Old cob webbed bales
bought at the fraction Of = dollar, but which, by
force OF scarcity, had risen to stla short c three
dollars per yard was dragged forth from the
hindermost Tecesses Of the warehouse and sud
denly offered 1t a considerable reduction. Go
10, ye spectators What viii your oil hjm8ey
linscys be worth when John Bull and Johnny
Crapeau throw their cloths into the market
O. It, we say, now or never Another told US
that he could yesterday at five hundred dollars
a bargain for a lot of buttons, which had been
held a day or two before at $4,000 Benevolent
speculatOr, what will your old galveniZed but
tons 90 at when the highly finished English
button gets into market Another ssid he had
been offered a hundred pieces of god lace et
ihree dollars piece. for which SIX and half
had been required the week befoie.
The fact is, dissorge or lose, is now the word
Men can 10 longer hoard up anything short OF
heavenly treasures with safety. Nothing Is go
ing to be higher-nOt even -four though every
body declares to the contrary. Tobacco is per
haps an exception, but that is not certain.
Shout for the day Of the sneakiug diddling NJ
demining Speculation is past Some OF them
will not believe it, thank heaven and get pun
ished. There are perhaps tons Of spool cotton,
needles, pins, tape and what not, now stored
away in the vain hope of sale at a thousand per
cent above value which are destined to go at
old prices Some people viii still accumulate
domestic cotton cloths to compete in the market
with white goode from England and France.
To sum up in a word, the boards of all the neces-
saries OF life which have been gathered to pro-
duce scarcity, are now in the peril Of months
history. The chances are, if any OF them are
left with the hoarders and f0restalleTs that ami
able class of our fellow-citizens will weep briny
tears Of regretfulness They are in peril The
awful question with them, is whether to sell out
at a reduction Of their antci pated profits, or
take the chances of almost total loss.
We may rely upon it, that foreign goods can
not be kept out of the South by the Yankees
much longer