Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-01-12
From miSsOuri.


The New York express" gives the administration
notice thEt very few win suf port it upoa the new ca
reer it has started in, - and shows In the Following arti-
Gle what would be the effect of sueh = policy az RF.
Lincoln proposes to carry out on tse question Of the
war aad the trade and commerce of the North. After
discussing the uneonsatutiOnality Of the measure, the
" Express says;
The Presidents emancipation proclamation pr0vokea
the question among business men-whsn this war i 70
end, and how 1t is 10 end-if that cad Is 70 be In the de-
etruetiOn Of the labor system OF the South-cottou
rice, tobacco, sugar, etc. What our ships freight, what
our commission merchants make their proh.s on, and
what supports vass masses of manufacturing labor IN
tho North. TIE Presidents proclamation Is two fold .
lst. The destruction Of all the Save system Of iabsr
2d The deportation Of that labor to some foreign
country.
Commercial men naturally enough see IN there propo.
sttons destruction to ships and shipping, Northern cot
ton and tobaeeo manufactures for Southern negro Ia
Der, commission freighs, lsboE, foreiga exchange, etc.
Hence there il great inquiry among commercial men,
ht What interest has conmerce IN prosecuting a
war upon such destructive and revolutionary princi-
pies I And
I'd. If the Southern States are 70 be blssk negro
States, is UDion with sucl negro Staks worth asnt-
ing for On such commercial prnciplesf What ia the
most profitable to US 8 Heyti or 6 louisiana
Besides, bus.ness man, banking men, commercial
men, now Fes that he war, prosecuted upon such Frin-
eipfes, mast be prolonged inden. it. " and at greater
exPease. A war TO ~susjGgste eight Hiliea Of waite
people to an equality vita four millions Of negroes, Il
is reasoned, involves 50 much passioE, energy, force,
tbst 1t must lass yesfs snd yeas.
Hence, real estate oWners and holders OF bonds and
NOR Cages, who sre with difficulty realizing the interest
upon mortgages. hackers, etc begin to ask;
lst WhH is TO be the value Of real estate, especially
il Nsw York, if a var Is TO be conducted on slch Isvo-
lutiOngy pr nciplesf
I'd What reals sre to b. Teatzsd from stores, etc. II
about one Eslf o. he productive property Il the ooua-
ty l. 10 be deFt eyed Of which New Xorz is tAs repre-
8 q atTe 1en,erf
Sd. WRATH to be the currency during tbs Indefinite
war hat but paper, pspsri The psper money sys-
ten OF Mr. Chase, founded upon little " nothing, was
working well up L the presumption that, undsf consii-
tgtCnst anti a5icsi Poiisy, not Only tbs Onion WsH to
be restored. but the eommercs and fcas trade Of thu
who Union-WFile here is presented to Us S war fOr
the destruction Of tbs labor gTstrmrf the South, and
trads, If tr do is restored, only viii negrsss, such as
are ia Hsyu; not such Is We haze Il Cuba, Of had viii
ihs old ave labor ssstsm Of the south.
Hence "a the warts n " TO bs prolonged Indefinitely,
ard fr Purposes very revolutionary and very destFuc.
tvs "a ali trade snd commerce, what Il to be our eur
rencTi founded upon such bases snd fer such purposes :
W5st mt inf sti1n, yesrs q ter years endless ind alton,
with asg a. aed prices 10 all consumer
Their / therefore now upon tie discussion OF these
new questions 4 very general disposition to uprise aud
overthrow the starters, projectors and maintainers Of
this new radical revolutionary policy. Owners Of real
estate, who were essi y pad eve and ten thousand dol
lars fer stores, now gstlfng one thousand or fifteen
bundred dollars, see ths reduction Of profits TO be perm
sment, If rs1iea'ism becomes psrma4snt. Bankers
who have properly see in the in1shDi.s increase Of ps
peF-raere pspeT-no real prop or eer.a mtg for their
property. Ship Ownsr4, IN case Of q failure Of the
grain crop, see no prospect Of cotton, sugar. Tics or TO-
.bsceo FIRE CHS LabOrers and manu- seturers see that
the great material Of their indust = is ROW TO be up
rooted, while taxsion is to go indefinitely and oppres-
siveiF 100 a are disposed ami mean TO support the
government. But very few real live business men
n " mean to support the administration Of the govern
ment'uPon the new course it has started upon.