Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1866-03-14
The spriag rrsde-Mischievous Effects Of
Radicalism.

There Il A very general opinion abroad
that the spring season will not be so pros
ner,os a one for trade as il ought TO be
ana n ali the indications should prove
troe Mo will know at whose door to lay
| the responsibility The Radicals in Con
rress are keeping the country IN very
unsettled condition for their own mlser'
able nurposes In all stages OF semi
revolutionary state of things in every
| country commerce receives severe
cheek and we cannot expect TO escape
respls which are inevitable all over the
world.
There was good reason to expect that
before the spring season opened the busl.
ness Of the country would nave seulsu
down into its old channels, that the
South would have been reconstructed' It's
industry partially restored, and that a
consequent demand for goods would be
created that might justify the calcula7
tons of merchants in importing largely;
But owing to the action of the radical
faction in Congress these expectations
are very likely TO be defeated. Had no
distractions been thrown in the way by
the marplots, in their vindictlye opposi-
ton to the Presidents policy, the South
would to-day be in position to open
trade with New York and the Northern
States generally, which would have IN
creased tenfold the trade of this city.
But in the present state of things, and IN
view of the proceedings in Congress,
how does the matter stand2
Industry in the South is paralyzed.
Capitalists are discouraged The sources
of wealth which might have been de-
yeloped are still dry. Our merchants
have imported very extensively, basing
their operations in great measure upon
the Southern market, and the Southern
market is very likely to fail them as long
as the Jacobins continue to pursue their,
course The bonded warehouses
are laden with goods. Bills have to be
met on the other side of the Atlantic to
pay for these goods in September. How
can they be met if the calculations upon
which the purchases were predicated are
frustrated by a faction in Congress
Governor Orr, of South Carolina, stated
The other day that that State was in fair
way Of reviving her trade and industry
out while certain measures were IN con-
,ideration in Congress capitalists were
holding back, and her progress had re-
,eived a material check. The same Is
rue of many other Southern States. The
,otton and other plantations along the
where Northern enterprise
md capital were just beginning to de- |
yelop themselves most hopefully, are now
ying comparatively waste in consequence
If the unsettled state Of the country.
The Radicals have put the times out of
oint Not only have they placed the
political condition Of the country in jeop-
lrdy, but the financial condition also.
The effect of their iniquitous course is
elt upon every interest, and it will per-
laps first touch the commercial affairs OF
his city most severely. The constituents
If these men, all over the country, may
loon find the shoe pinching tootightly to
pc any longer borne. Without being
llarmists or desiring to suggest a revul-
lion as at hand, we cannot fail to see
yery serious embarrassment to the COM
nerce of the country as the result of the
conduct of the Jacobins in Congress,
Who, for the sake Of maintaining party
power, are resisting the return OF the
whole country to its former prosperity.
Herald