Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1862-11-12
TILE HALuE OE TILE SOUTH


The New York Express gives the Administration
notice that Every few will support it upon the new
career it has started ip," and shows, the follow.
ing article what would be the effect of such poll
cy rs Mr.. Lincoln proposes to carry out on the du
ration Of the war and the trade and commerce of
the North After discussing the unconstitutional
~ of the measure, the Express says:
The Presidents Emancipation Proclamation, pro-
vokes the question among business men-when the
war is to end, and how is it to end-if that end is
to be in the destruction Of the labor system of the
Souh-cotton, rice, tobacco, sugar, &c What our
ships freight, what our commission merchants make
their profits on, and what supports vast masaesdf
manufacturing labor in the North The Presidents
Proclamation is two fold:
lst The destruction of all the slave system of
labor South
I'd. The deportation of that labor to some foreign
country.
Commercial men naturally enough see in these
propositions destruction to ships and shipping
Northern cotton and tobacco manufactures Sr South
negro labor. Commission, freight, labor foreign
exchange, &c. Hence, there is great inquiry among
commercial men.
LIST. What interest has commerce in prosecuting
war upon such destructive and revolutionary prin-
ciples? and, -
2d-.f the Southern States are to be black negro
States-is a Union" with such negro States worth
fighting for on such commercial principles? What
| is most profitable to us, Hayti or Louisiana?
Besides, business men, banking men, commercial
| men, now see that the war, prosecuted upon such
! principles, must be prolonged indefinitely, and at
greater expense. war to subjugate eight millions
of white people to equality with four millions Of
negroes, it is reasoned, involves much passion,
| energy, furLr that it must last years and years.
Hence, real estate owners and holders of bonds
and mortgages who are with difficulty realizing the
interest upon mortgages, bankers, &C., begin to ask,
First-What is to be the value of real estate es-
.peciay in New York, if war is to be conducted on
such revolutionary principles?
| Second-What rents are to berealized from stores,
&C., if al out ouehalf Of the productive property Of
| the country is to be destroyed of which New York
/ is the representative centre?
Third-What Is the currency to be during this
indefinite war-what but paper, paper? The paper
money system of Mr.. Chase, founded upon little or
nothing was working well, upon the presumption
that, under Constitutional anti Radical policy, not
! only the Union was to be restored, but the COM
merce and free trade of the whole Union-while
here is presented to us for the destruction OF
the labor system of the South and trade if trade is
restored only with negroes such are in Hayti not
such as we have in Cuba, or had with the old slave
| labor system of the South. Hence as the war is
row to BE prolonged indefinitely, and for purposes
very revolutionary and very destructive to all trade
and commerce, what is to be our currency, founded
| upon such bases and for such purposes? VI hat bu,
imitation, years after years. endless imitation, with
aggravated prices to all consumers?
There is, therefore, now, upon the discussion Of
these new questions, very general disposition to
uprise and overthrow the starters, projectors and
aintaners of this new radical revolutionary policy
Owners of real estate, who were easily paid five
thousand and ten thousand dollars for stores, now
getting one thousand or fifteen hundred dollars see
the reduction of profits to be permanent if radical
Ism becsmes permanent Bankers, who have prop.
erty, see in the indefinite increase of paper-mere
Paper-no real prop or certainty for their property.
Ship owners in case of failure Of the grain crops,
see no prospect of cotton sugar, rice, or tobacco
treghts Laborers, manufacturers, see that the
great raw material of their industry is now to be
uproo:ed-whie taxation is to go on indefinitely
and oppressively too All are disposed, and mean
10 support the Governnent-but very few real, live
business men now mean to support the administra.
ton 81 the Government upon the new course 1t has