The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-06-15

-..>sng Restrictions On Trade In the
s.x ststss-Its D9ect On Coesea
and ths o. ,--s,y' ,.,.
BY the PRESIDE 'ss proo'amsuon OF INC low
instant trade vfsb The Southern States u Oncs
more made s,as an restrictions upon inter-
nal, domestic ard oosst~e.se intercourse and
trade, and upou she removal Of products OF
States heretofore dsc,aAsd IN insufSection, are
annulled,n except whers~mch restrictions fe'ss'
to "arms, ammunition, tho materials o. w"0.
ammunition Is made, and A'ray uniforms ano
cloth." All the cotton, tobaA co. sugar. rosin'
tar, turpentine and rioe Of the \ southern States
can 90 legitimately to Its markets subject only
TO the supervision Of the taxgathsf<r =. TINS Is
perhaps the most important step THAI mas yes
been taken In the matter Of reconstructi< w. "
will be seen that commerce Is the power 'na'
will restore 10 MS real, vital, practical UnicA
Perhaps the most important restriction on
taade" removed BY this proclamation ID the
twenty-five per cent laid By the Treasury Do
partmeat on cotton brought from within insur-
rectionary districts. The removal Of this
restriction has been debated for some
time-for Q week or two past-tho PreM-
dent and all the Cabinet except one member,
favoring it. The officers OF the government,
both naval and military, throughout the South,
have represented the removal as necessary 10
the restoration of the natural condition Of trade
as we'll as to the restoration Of the good feeling
of the Southern people towards the government
this particular restriction being actually re-
garded as disabling penalty. The Presidents
proclamation will, therefore, have the happiest
effect upon the sentiments of the Southern people
contrast with the bogus Confederate one. Only
the other day Davis and his minlons, pretending
to be the especial choice OF the South, were lay
ing every possible burden upon the Southern
people. They made trade impossible and pro-
duction useless. They stood ready to seize the
last bale of cotton or the last bushei Of corn,
and when driven TO extremity they showed their
readiness to fire the Southern cities and burn
what they could not take. Even now that
beneHcent concern is blowing Southern cities to
pieces with its torpedoes. The Southern peo'
pie saw all that, and now they see our own
government ready to adopt every wise and just
measure calculated TO revive the spirit Of the
Southern people and restore them once more
to their former prosperous state. Certainly this
contrast cannot be without its effect upon their
opinions.
But the proclamation will have more imme-
diately beneficial effect. The only burden
upon cotton now Is the tax Of two cents per
pound. The above named restriction, with
others, has hitherto prevented the movement Of
large quantities Of cotton. It Is indeed be-
lieved that the quantity Is much larger than
has generally been supposed. All this will
now, of course, be brought Out, and this staple
will 90 to Europe instead of the gold that now
goes This will be advantageous in every way,
and, in addition to the quantities that will 60
to Europe, there will be abundance TO start our
own factories and give new impulse to
branch of industry that needs it. Once moro
also tho now pennilcss Southern people will
get hold of the capital necessary to give them
q start and enable them to recover from the re-
verses that the war brought about There will
be life and healthy activity everywhere, and In
their growing prosperity all the old bitterness
will pass away.