Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1862-11-07
TILE YALEE OF TILE SnITru

The New York Express gives the Administration
notice that very few will support it upon the new
career it has started in" and shows, IN the follow
ing article, what would be the effect of such POLL
cy as Mr.. Lincoln proposes to carry out on the du-
ration Of the and the trade and commerce of
the North After discussing the unconstitutional
ty of the measure, the Express SAYS:
The Presidents Emancipation Proclamation pro-
vokes the question among business men-when this
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
South-cotton, rice, tobacco, sugar. &c. What our
ships freight what our commission merchants make
their profits on and what supports vast masses Of
manufacturing labor in the North. The Presidents
Proclamation is two fold:
list. The destruction of all the slave system of
labor South.
3D. 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 for South
ern negro labor. Commission, freight labor, foreign
exchange, DC. Hence, there is great inquiry among
commercial men,
list. What interest has commerce in prosecuting
war upon such destructive and revolutionary prin-
cipes? and
2d-.f the Southern States are to be black negro
States-is 81 Union" with such negro States worth
fighting for on such commercial principles? What
is most profitable to us, Hayt or a 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 an equality with four millions Of
negroes, 1t is reasoned, involves so much passion,
energy, furCr, 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.
Peclaly in New York, if war is to be conducted on
such revolutionary principles?
Second-What rentsare to berealzed from stores,
&c. II atout onehalf of the productive property of
the country is to be destroyed of which New York
is the representative centre?
Ihlrd-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-wbile
here is presented to us war for the destruction of
the labor system of the South and trade if trade is
restored, only with negroes, such as are in Hayt not
such as we have in Cuba, or had with the old slave
labor system of the South. Hence as the war is
now 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 What but
imitation, years after years. endless imitation, with
prices to all consumers
=, Ihere Is therefore, now, upon the discussion of
'heSe new questions very general disposition to
uprlse and overthrow the starters projectors and
antainers of this new radical revolutionary policy
u"hers OF real estate, who were easily paid five
Thousand and ten thousand dollars for stores. now
getting one thousand or fifteen hundred dollars see
tne reduction OF profits to be permanent il radical
lsn becomes permanent Bankers, who have prop
erty, see in the indefinite increase of paper-mers
Psper-no real prop or certainty for their property
Ship owners, in case of failure of the grain crons
see no prospect of cotton, sugar, rice or tobacco
Ireights. Laborers, manufacturers, see that the
great raw material of their industry is now to be
apsoosea-whlie taxation is to go on indefinitely
ana oppressiyely too All are disposed, and mean |
20 support the Goyernment-but very few real live
business men now mean to support the admnistra.
Lon Of the Government upon the new course 1t has