New-York tribune., 1866-12-01

of largo cotton crop would again place them nde-
pendent of the North and the world. The old spirit
of intolerance again took possession of the land and
no Northern man. who did not lend money to Rebels,
or damn Yankees without stint, was tolerated in the
society Of Southern gentlemen"
A terrible calamity, which Threatened lnetneya6le
ruin on a soon fell upon The oyor,conhdent planters
Tho Old cotton seed that had remained m the GIN
houses since 1860 failed 10 germinate second and
third planting were made and still no stand was oD'
tained. The price of good seed advanced to s. per
bushe and could be obtained only in small quantities
from planters who had planted cotton during the war
This misfortune threw tho whole crop fully month
late aud this made il subject 10 later casualties In
somo portions Of the South the lands were inundated
and the entire crop was swept away by tho Hoods
When the waters subsided. many of the oyerhowed
plantations were replanted. In other places The
early and long-cOntnued drouLh stnted The plant aud
cut short its production Of fruit.
Still there was confidence in tho vigor OF tho
plants and the proptiousnes8 ofthe later season. and
during the month of August it was confidently be-
eved that nearly 1000 900 bales Of cotton would DO
picked and marketed in tho United States. Early IN
the month of September, however, The destructive
millions Of The aymY worm made their appearance,
and swept across tho entire Gulf belt OF tho Cotton
States from the Rio Grande 10 the Atlantic seriously
damaging the most advanced plants, and totally de-
stroying the late planted and backward crops
Had the worthless seed the late fro5ts. tho foods
and the drouth not bolaed the growth Of the pent,
the appearance of tho worm in September would not
have materially reduced the yield Of cotton; blt all
IL. a1o diana VQar
as is not experienced once in quarter Of century
Planters who had employed borrowed capital
pledged their crops for s payment In most cases.
the proceeds will not reach. and the planter romans
in dobt TO bis factor and swithout means TO continue
planting next year. TO support himself in i1lene''
To add to the msiortunes OF the situation but little
corn was planted and that, too has failed throughout
the entire Souh 10 will therefore require an imme-
dae outlay to purchase forage for tho stock and food
for tho la5Orers.
In mauy cases tho freedmen had contracted 10 labor
for on interest in the crop and during tho year were
credited for such articles they chose to purchase,
so that the failure Of the crops gives them but pit
tanee for their years service, and that with more Is
swallowed up in payment Of what they have already
received.
the funds 10 the planters have received 80 little IN re-
turn that they are not in condition 10 advance ad-
ditional sums next year. There seems thus TO be
dead lock in the industrial Affairs Of the South
As an example of the condition Of merchants. we
cito the case Of gentleman in Eow0rlcans, strongly
backed By Northern capital, who this year advanced
over 5000 600 TO planters in the Gulf States and now
expects to receive only $200,0J0 in return.
la view of these circumstances and the political dis
couragement suffered in the defeat Of President John
sons policy. the South just s more seriously de-
prcssed in spirit and material than It was in
Spring Of 1861 Again land ID offered for sale at ex-
ceedngly low prices, emigration schemes arc agated
and men and money are besought to come to their
reliof no matter from what State or nation it may
omanatc.
Misfortune and poverty are oftcn Tho most potent
teachers Of vir:uo and common 50 IN this case
men who sworo that not one fo0, Of Southern soil
should be- sold 10 Northern men now pray that North
crn men. "Abolonists and all" shall come and buy
freely aud cheaply Even from the State OF Misss-
spp where Legsature5 enact most cruel laws against
labosers and Executives Issue most yndicvc procla
nations, and make most foolish speoches, VIC have an
agent ard a pan phct, offering for sale TO Northern
men. without distinction Of political creed. over one
hundred plantations Il therefore again becomes the
privilege II not tho duty, Of capitalists, farmers and
mechanics in tho North to determine how speedily
and In what manner tho late Rebel States shall be
constructed aud redeemed.