The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-10-08

20 a few political writer's in his employ until
ene November election is over After that he
VIII probably shut up shop nd devote himseif
entirely to his lotteries. Poor Greeley taxa
the Tribune shareholders In order to maintain
that paper just long enough to crafty his per-
sonal malice by insuring the conservative wing
of his party as brilliant a failure as the radical
wing has made When that has been achieved
be will probably peddie prize pencils or cult.
vate prize strawberries for the rest of his days.
Such will be the fate of the two remaining re-
representatives. of partisan journalism and We
can only add that it is better than they deserve.
Financial Ruin at the South and t'ros-
porsty at the North.
Upon that disastrous retreat that distin-
guished member of the Bonaparte family once
made from Russian city some complaint waa
uttered by corps commander in the French
army against the gallant Nansouty because "ths
cavalry charges were without vigor or spirit"
Nansouty, the Pleasanton of those days, replied
brusquely that "the soldiers would fgLt with
out bread. but that the horses had no patriot
ism, and would not 6ghtwithout oats"
Down ia the Southern cOnfederacy they bid
fair to learn how much truth there is in Nam
soutys dictum about bread. and they also be-
gin to learn, as Nansouty did, that bread may
not be the most absolute want Of nation 6n-
gagged in war. Some good military authorities
maintain that soldiers are all tho better If kept
at the very verge Of want; and while that u to
any extent true the Southern armies need noe
fail in efficiency. Corn meal. the occasional
piece of bacon and cold water can always b
had; and these, it seems, with the mistaken pa
triotism, win keep the Southern army together.
SO the South will not fail in that respect But
it is hardly possible to see at present how Il
can avoid failure and absolute collapse in every
other respect but that Of bread alone.
Throughout the confederacy there is no
element Of value. Negroes, who once repre-
scented in the Southern States value that
ran into hundreds Of millions, represent il no
longer. They have taken themselves out q
the market. They have fallen into line under
the Stars and Stripes-are teamsters aad ser.
wants in our armies-scattered everywhere;
and when they are knocked down in future
it will require heavier implement than tho
hammer of an auotioneer. With them they
have taken the value that their labor gave 10
the land they have left. And in these two
losses the South-a purely agricultural coun-
try-suffers almost all that an agricultural
country can. Such few negroes as are left
sell for two and three thousand dollars, when
they are sold at all, and this in the rebel
currency. These prices exhibit at the same
time the insecurity Of this cherished property
and the worthlessness of the Southern curren-
cy. Completely drained of gold and silver,
the whole South is filed with a so-called
"money" that, most unlike the money
apostrophized by the hero Of Shrewsbury
and Gadshill, has positively no purchase
in it. In Richmond city you cannot buy
q box of matches for q rebel dollar
bill. Notes on which the Southern gov.
eminent has pledged it's faith to pay one
dollar pass current for less value than our
postal currency notes Of ten cents-so low do
the Southern people rate the faith Of their gov
eminent or so high do they rate the few pun.
chasable commodities they have left; for the
people of the South have now been living more
than tive years upon their accumulated stoeA
Of manufactured articles aad imported goods
kind have gone into Southern ports, save The
occasional cargoes Of blockade runners-so
few in number that they have served not %
supply popular wants, but merely to keep In
the remembrance of the Southerners that there
were other things in the world besides hog and
hominy-served, like the little light that Luci-
fer found in He'll, to make darkness visible.
This explains the ribbon riots that they have IN
Richmond and elsewhere. Women tura out
millinery shops Bat the South was not rich
enough to pay for even the few goods that
came in by way Of the blockade, and that
business has been nearly given up; nor
have the many captures Of the Southern
privatccrs enriched the South in any degree.
They have resulted simply in the destruction
of property, and they represent to the South
ern government only debt. It owes wages
to the sailors Of its "navy," and they claim
prize money on every ship burned, although
the ships did make such brilliant ares at sea,
aud did light up Southern vengeance 30 prettl-
ly. Those fellows have no patriotism, and OF
course want oats. And now the Richmond
papers announce that the soldiers in the
Southern armies must fight without pay. Ger
tainly in that case the South has need of all
its "chivalry.' II Burke was right, chivalry
il "the cheap defence of nations" and that,
therefore, is inst what the coufederacy wants
at the present time. and she cheaper IL is the
better.
With this condition Of the Southern people
without all that sustains- civilized life, except
the bare bread thoy ear aud bankrupt in every
respect-coasrast the present rich snd pros
porous condition Of the Northern people
Manufacture. are more brisk than ever, our
imports are very large despite the pirates,
every article that makes life comfortable aud
pleasant j, plentiful, and the people have
plenty Of money. We give every soldier who
enters our arlaies bounty large enough to