Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-06-16
Er,ln q aIaaknan Rnnninn.

Evils Of Blockade RuHmEng,
When cetton can bs exchanged for army sup
plies OF the absolute Hecessaras Of life It is GER
tainly coed policy on The part Of the govern
msnt to permit such exchange TO be made. But
when it is bsrtsrsd of for gaw gavs and jim
cracks, the most stringent measures should be
saopssd to prsventit.
S. l., Of the Knoxville RsgisisT, writing from
Meridian, passes in review many of the abuses
Of blockade running in the following letter
Mobile is ell agog. All other modes of spec
ulasion being exhausted, the whole speculative
monomanis Of the country is directed to the
business Of escaping the bleckasiRg squadron.
The accumulated capital of sll those who, from
the beginning Of ths revolution, have devoted
THAR energies 20 the sale purpose of gathering
wealth, is RoW directed into this single channel.
There is q hset Of vessels constantly plying b.
tween Mobile and HaVanE. TheiE trips are as
regular as il times Of peace, AID their caIgoes
muck the Gans. They 90 out with e0ttou
foreign exchange aud gold, and return freighte6
with cigars, ram and fancy goods. In sscisl cir
clea, among lawgiVsTs at Richmond, Just before
the adjournment Of Congress, it was said that
Esms new governmental action would be de-
vised TO regulate this business It was believed
that FOR stated sum any vessel might obtain q
permit from ths government at Washington to- pass
the bloekading fleet PriYatesi signals. we are told
have bean furnished British 5eamen, and if tho
South were only Impoverished BY supplies Of
geWgawS fer which she paid in cotton, the pri-
vste signal cost but little. I was told by Off
e.als who had beBu at Wilmington, aud learned
hsW the operation was conducted, that the busi-
cess, 80 Tuineus TO us, would be regulated I
have been in large storehouses in different
Southern cities and have seen bales Of Lowell
prints the fruits Of this legitimate ~ cotton
trade. For what wrote to the Register I am
told that the MsTeHTV asssiled me. I did not
see the paper containing il.
It happens, hsTeYsr, that Congress did
nothing affecting this business, and still it
hOuTishss till msRia has seized the South, and
there is no village so poor, aud no population so
ignorant that it dses not have stock in block
ads rsnner.
WHIST is to be the end Of all this Here az
Meridian, the railway trains rush ever onward
TO Mobile freighted with cotton bales to be sent
thence to Cuba, to return in rum casks, Spar
ish cigars, and Lowell prints. Who is enriched
ans who impoverished If this war continues
- it probably will, till Lincoln has "pegged
away" till he kas ''peggsd cut, and this de-
lsCtabls system Of trade continues 10 flourish
under his auspices and that of Seward, all the
estson and gold in the South will have disap-
/ psared, and in its stead, We shall have -
nsthtRg. how ml8erably poor We shall be with
out credit, without cotton, without gold ALL
/ all gone into the clHtches of our enemies.
| Ne are advised of the organization Of a nam.
moth company, in which railway kings are the
! largest shareholders, and Of smaller institu-
tions,' in which the small fry speculstOrs own
the stsck 70 hear Of all classes Of people mad
dsnsd By speculation in shares Of this new
" South sea bubble, and yet are told, grRvely
/ too and even By the C0Erisr, that stsid Old pa
/ per ct Charleston, which never speculstes, 3"
/ (but always reasons), that should beware Of
/ what I say of blockade running.
/ Whenever I have Eeen 8 shipment Of army
/ supplies elected from the hold Of a vessel from
/ Nassau or Cubs, then silence may become ra-
/ tionsl, but now, thu whole system is ruiuoas.
1 When the Ssuth is finally robbed Of all her cot
ton and gold, the last Tsssel that sails from our
4 ports win convey the last Of the spectators
/ with all his treasures to SONS distant land,
where wealth may be enjoyed and property
( made secure.
/ A gentleman who, under the auspices Of our
1 Government, 50 successfully furnished Beast
! Butler wish cotton, told me that be would soon
establish himself ia Europe All this may be
/ right and wise, and sxpedient, bat it s only so
1 in the avsnt the Confederate suthorities con.
/ template the ae5olatiOR Of the South by North
/ sTR armies, and the consequent destruction Of
/ the only source Of present tangible wealth.