Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1862-05-14
THE sTTUATTON OF TEENCs.

L
Since the Federal navy aud army obtained
possession of the city, complete stagnation Of
the little trade doing before thei- advent, With
the adjacent country, has taken place Business
is not possible where one of the parties to DrO-
posed transactions is found 70 have nothing to
give, and any interference with the trade of the
interior produces precisely that condition Of
affairs. Planters havo no money TO purchase
with. even if they could, as usual heretofore,
draw their supplies from this place, and, consc-
quently trade must entirely cease where com
muncation Is cut of, or q medium Of exchange
cannot be maintained. We have urged upon the
traders Of the place 10 opon their stores and
warehouses and assume the appearance ot dong
something rather because Of the lOol, Of the
| thing than from any, even tho slightest, belief
that the profit they would or could make would
dcfray the expense. Even with every frcilitT
to intercourse with the interior on the Mississippi
river, no expectation can rea5O ably be INDUCED
of any bat the most limited demand for NOR
chandise, as the last crop of cotton has been on
.irely destroyed, and very little hope Of the very
small one now in the ground over being gather
ed, if circumstances remain ae at present need
be entertained
All then. that merchants and tralo.s ca- 10
Is to close uP their business and await the COM
ing of that peace which sooner or later must ar
rive. Complete exhaustion Of re5oUrcca will
compel a cessation Of hOstiliEes By both sides,
sooner or later, and every one Of sense must per
ceive that the later it Is reached The greater tao
ruin We who abhor war aud all its coucoui-
tants, because we love liberty aEd hcts opprss-
sion, have. nevertheless, never beer SzUguiCe Of
an early termination OF the present insane 0nz,
therefore we always inculcated the necessity Of
every one S practicing q wise and riSil economy,
and placing his affairs ii the smallest sud most
manageable compass The war, NORTH and
South, must IL the end leave sn enormous bur-
den Of debt upon the whole country, makngit
more difficult for the poor man to OBTAIN bread
for his labor. for the trader to make profit in his
business, and removing that iuducem5Et--5C 3e-
plorei by Know-NOthing patriots-whieh has
heretofore drawn from Europe its skilled labor
and its developed intelgeDce for the enrich
ment of these States, and the promotion Of their
greatness and their glory If the debt con
trscted be paid, the public Liberties Will be over
thrown; if it be repudiated, ruin worse than
the war itself has inflicted must ensue In guy
event. public and private distress viii Cs eU0r-
nous, and century Of peace and enlightened
administration viii not suffice 70 repair Jhe fear
full damage done.
The people Of the Norm zuay imagine that gHs
domestic war terminated, they will have oniy 20
proclaim their purpose end Determination 20 ff'at
end, and the maritime importance Of England is
overthrOwn. With FIVE or six hundred thousand
men In arms and numerous feet. II will look
like very easy operation to carry out Seward's
idee of Canadian annexation, and we certainly
have no objection to see the work undertaken.
at the same time we would de!ercntially suggest
the prOpriety Of closing home troubles before
throwing down the glove TO &c easily frightened
a parsonage as John Bull. J0hu has looked on
this American complication with great unc0n-
cern, if not satisfaction; be has hugged his neu-
trality until almost all vitality has been squeezed
out of it, and we certainly shall not have any
commiseration to be thrown away upon him if
the Washington government should take Eug
at him without waiting for the termination OF
domestic dissgreements. Spain, also, seems de-
termned on provoking northern attention
In Mexico and in Cuba. latte.ly very little
ceremony has been observed by her magnates IN
treating the protests and complaints Of the
United States; and, indeed for the matter Of
that, Louis Napoleon himself has nos conducted
himself with that forbeaTanee cOncilistior end
friendiiness towsrds the Washington govern
ment which an ally of theirs 50 aucjoat as France
was expected TO manifest All round the COM
pass, then, there appears to be dark gathering
clouds; but whether they are to be dissipeted ct
an rly day by the announcement Of Q happy
reconcilement ell round, or TO thicken and b!sck-
en- before the burst IN the tbund rs Of a long
and bloody war--wbo can say In this great
uncertainty OF events, we would repeat the
advice we gave our readers many months since,
namely, to have their houses ia orler tor the
worst that may happen, aud to be prepared, those
who can, to seek in other lands it necessary,
that peace, happiness, content and freedom they
despair of enjoying here This country has
welcomed to her bosom il spite Of reasonable
factions many valuable hand aud noble heart;
in turn, other lands may be equally hospitsble
to those whom her mistortunes CT foias may
force to seek them, to preserve life and liberty,
and to obtain happiness.