The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-05-10

t1Ortos
While our loyal people are rejoicing in the
full belief that the glorious victories Of our
land and naval forces over this Southern rebel
lion indicate its speedy extinction, our federal
administration is not unmindful of the measures
required for the restoration of the rights, the
ly as possible, in the wake of our advancing
fleets and armies.
In connection with an official circular Of Mr..
Seward to the diplomatic corps at Washington
on the subject, we published on Monday last
leading editorial announcing that within a
few days a proclamation would be issued by
President Lincoln, reopening to foreign and
domestic commerce our Southern ports of Beau
fort, Newbern, Savannah, Fernandina and New
Orleans. 1t is possible now, however, that the
proclamation may be delayed few days
longer, in anticipation of embracing in it the
additional Southern ports of Norfolk and Rich
mond, and perhaps some others. Mr.. Seward,
in announcing that a collector has already
been appointed for New Orleans, says !" that
the necessary preparations are being made 10
modify the blockade so far rs to permit limited
shipments to and from that and one or moro
other ports which are now closed by blockade,
at times and upon conditions which will be
made known by proclamation" and we have no
doubt that those "other ports" are those which
we have indicated.
The great commercial Powers Of Europe
cannot fail to appreciate the objects Of the ad-
ministration in this proceeding. England and
France. for example, are sorely pinched for
cotton in consequence Of our Southern block
ade. President Lincoln avails himself of the
first opportunity to make manifest to those
Powers his anxiety to remove the restrictions
Of this blockade to the fullest extent consistent
with that paramount object-the suppression of
this Southern rebellion. Secondly, to the
fullest extent which the necessities Of this war
against the rebel government of JEFF. Davis
will warrant, President Lincoln is anxious to
prove to the people Of the South his desire to
relieve them of their commercial privations
and distrcsses resulting from tis blockade.
Thus the commercial wants of foreign nations
and Of our Southern people will soon be met by
some liberal commercial concessions on the
part OF our OBSERVATION-DISCLOSURES which we
are enabled to grant from the recent splendid
victories of our army and navy over the armed
forces of this rebellion.
With the leaders of this rebellion second
only to the idea of an unmixed and continually
expanding pro-slavery confederation-ha been
this other Southern revolutionary hallucination
Of an Independent Southern commercial sys-
tenn. The conviction fixed in the public mind
OF South Carolina by Mr.. Calhoun and his
disciples, that under the tariffs of the govern
to enrich the North, brought about that Sonfh
Carolina notification rebellion OF 1928. Alter
that day, although the safety Of the Southern
institution Of slavery apparently superseded
among our Southern revolutionary leaders, the
issue Of commercial separation from the
North, this commercial question in reality was
the most powerful element employed in the or
ganzation of this rebellion. Thus the people
of the South, and especially Of South Carolina,
were taught to believe that, If released from
their commercial dependence upon the North'
our Northern seaports would speedily sink into
decay, and Charleston, like Venice in her glory,
would soon become the chosen bride or the sea,
"King Cotton" wouid hold the balance of
commercial power against tho North and all
the nations Of the earth, aud . purely pro-
slavery Southern confcderacy would extend
indefinitely the reign, the dominions and the
power Of king Cotton" A year of this re-
bellion has scattered the supporting columns
Of this magnificent fabric Of Southern pro-
slavery confederation in ruins upon the ground.
"King Cotton has failed to meet the expecta-
lions Of his subjects, and. under the pressure of
our federal blockade, they pronounce him a
failure. And SO all this vast commercial sys-
TEN of Southern independence, direct traffic
and free trade with Europe is exploded, and
the government OF the United States vindicates
its right and its power to maintain its political
and commercial authority over the South, cot
ton and all.
England and France, in the feopening Of our
Southern ports, with hcir occupation by our
armed forces, will be compelled 10 recognize the
maunaninous principles by which Mr.. Lincoln's
administration 10 guided; and the suffering peo.
plo Of the South will soon discover that only
under the protection Of the "ola dag" can their
present privations and sufferngs be ended. We
await the Presidents commercial proclamation
with the fullest assurance that It win command
the respect Of foreign Powers, and BIO pro
ductiye OF the best results among the Southern
people, whose great distresses he Is thus pre-
pared TO relieve, even In advance Of q complies
suppression Of tho spu ious dcspotisn Of Davi
aud his confederates
mn