The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1866-04-05
Shall We Wear Ship, or HCIub-
HauIs, Herr

Shall We Wear Ship, or "CIub-
HauI'' Her!
The New York Tribune of the 23d,
has four columns denseIy crowded with
advertisements of houses and country
seats for sale. One FIRM of real esta te
agents alone offers two hundred and
eighty-one residences, some furnished,
and representing the business and fash.
ionable quarters of the city. Brown
stone, marble-fIonts, palaces, and more
modest brick houses, are in the market
while in the adjoining columns we find
"splendid farms" and elegant country
residences" offered for sale with ibe-
rality of display which shows that those
who offer them are in earnest
The property thus put on the market
cannot be worth less than $20.000,000.
This is significant 1t shows an anx-
iety to realize, which, in the midst of so
inflated a currency as the country now
has, can only be referred to the over
importations which have been made
with view to supply the markets of
the South.
On this point we quote from the de-
bate in the House on the 23d, in
which
Mr.. Griswold went on to show that
the importations in January, 1866, was
one hundred and fifty per cent more
than in the corresponding month last
year, and that, up to the first of March,
the importations were six times as
large as in the corresponding time last
year. The country was being flooded
with foreign goods at the rate Of 500,-
100000 year. Our foreign indebted
ness to-day was not less than 81, ,500,-
100000, and would be 100000, 900
within the next sixty or ninety days.
The products of export value which
were to pay for these importations are
not to be had in sufficient quantities to
settle the foreign account and by late
advices from our Old Point correspon-
dent, we learn that ships have recently
returned to New York empty, which
went to Mobile with the expectation of
taking in cargoes of cotton. The ina
bility of the South to buy is not in the
least surprising In a day her whole sys-
tenn of finance, and what WAS still more
to the point, her organized labor was
overthrown, and ner inability to pur-
chase was so obvious to her own people,
that we cannot comprehend how the
shreWd traders of New York, and other
cities, could have made heavy importa-
tions on the faith of Southern custom.
But the fact seems to prove them to
have been entirely ignorant of the
real condition of affairs, and we find
now, in the midst of a redundant
currency the fall of prices, and the
sale of real estate on 80 large scale as
to convince US that the Tribune is real
ly alarmed when, in the same paper
containing the advertisements of which
we speak, it cries out, "If we are to
avoid the breakers, we should wear
ship at once. To the attentive ear
their roar is plainly audible"
Now, how does the Tribune propose
TO claw off the lee-shore on which it
hears the tumultuous roar of the break
ers ahesd2 By restoring tranquility
and peace, order and repose-as far as
may be-to the country By no means.
Its remedy is, to return at an early
day" to specie payment-"to dollars
which mean dollars" But, until the
Tribune shows US how this can be done,
except by paying the debts of the
United States, It's talk is all bosh.-
How can these debts be paid with
eleven States paralyzed by Radicalismi
and unproductive2
As the case stands the Tribune will
have TO "club-hsur' the ship, and when
the attempt is made, with the present
disorgsnized crew, the chances are that
she will miss stays and go plump in the
breakers.-NOrtolk Virginia,l.