The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1863-02-06
The Value of the South.

ministratiOn notice that "very few will
support it upon the new career it has
started in" and shows in the following
article what would be the effect of such a
policy as Mr.. Lincoln proposes to carry
out on the question Of the war and the
trade and commerce Of the North. AZ
ter discussing the unconstitutionality Of
the measure, the Erprs" says:
The Presidents emancipation procla-
mation provokes the question among bus
iness men-when this war is to end, and
| how it is 10 end-if that end is to be in
the destruction Of the labor system of the
/ South-cotton, rice, tobacco, sugar ete.
What our thips freight what ouI commits
! sion merchants make THEN profits on, and
what supports vast masses OF manulac:ur-
ing labor in the North. The Presidents
! proclamation is two fold:
lst. The destruction OF all the slave
system of labor South.
2d, The deportation Of that labor 10
some foreign country.
Commercial men naturally enough see
in these propositions destruction TO ships
and shipping, Northern cotton and 10.
'baeco manufacturers for Southern negro
labor, commission freight, labor, foreign
exchange, etc. Hence there is great in
quiry among commercial men.
lst What interest has commerce in
prosecuting a war upon such destructive
and revolutionary principles? And
I'd. If the Southern States are to be
black negro States, is Union with such
negro States worth fighting for on such
commercial principles? What is the
most profitable to US Iayti,or Louis
lana.
Besides, business men, banking men,
commercial men, now see that the war.
prosecuted upon such principles. must be
prolonged indefinitely and at greater ex.
pense. A war TO subjugate eight million
Of white people TO an equality with four
millions OF negroes, it is reasoned, involves
so much passion, energy, force, 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 mort
cages, bankers, etc, begin to ask:
lst. What is to be the value of real
estate, especially in New York, if war
is to be conducted on such revolutionary
principles!
I'd. What rents are to be realized from
stores, etc, if about one half Of the pro-
ductive property of the country is to be
destroyed, of which New York is the rep.
resentative center?
Sd. What is to be the currency du-
ring 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 re-
stored but the commerce and free trade
OF the whole Union-w while here is pre-.
sented TO us a war for the destruction Of
the labor system OF the South, and trace,
if trade is restored, only with negroes
such as are inHaytii not such ns wa bavc
in Cuba, or bad with the old slave labor
system OF the South.
Hence as the war is now 10 be prolong-
edindelinitely. and for purposes very re-
volutionary and very destructive 10 all
trade and commerce, what is to be our
currency, founded upon such bases and |
for such purposes? What but initiation, |
years after years, endless initiation, with |
aggravated prices TO ali commerce.
There is, therefore now, upon the dis
cussion of these new question, very gen
eral disposition to uprise and overthrow
the starters, projectors and maintainers of |
this new radical revolutionary policy
Owners Of real estate, who were easily |
paid five and ten thousand dollars for |
stores now getting one thousand or fifteen |
hundred dollars, see the reduction of |
profits to be permanent, If radicalism be.
come permanent. Bankers who have prop.
erty see in the indefinite increase of pa
per-mere paper-no real prop or certain
ty for their property. Ship owners, in
case of failure OF the grain crop, see no
prospect Of cotton, sugar, rice or tobacco
treights. Laborers and manufacturers
see that the great material of their indus
try is now to be uprooted, while taxation is
to 60 on indefinitely and oppressively too.
All are disposed and mean TO support the
government But very few real live bus
mess men now mean to support the ad-
of the government upon the
new course it has started upon.
The Republican Party Breaking UP
A Washington telegraph, of the 10Th,
in the New York Herald, says:
There is much caucusing and consul.
tation by the Republicans in committee
Of the Whole on the state Of the party,
upon the best means OF preserving their
political organization from destruction.
They talk of reorganizing the party, but
in what manner does not yet appear
Greeley has bean extremely busy. He Is
not organizing black brigades, as has been
bat recognizing the Republi-
can party. Some of the leading radicals
who We're in consultation with him last
night shake their hands ominously. and
declare this is the darkest day the party
has seen. Prominent Republicans ac-
that they have lost their hold
upon power in all except some New Eng
land States. Some Of them predict peace
rs early as next June.
I'm The white males in the Confeder-