The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-09-07
FRIDAY, SEPTEMBER 7, 1866.
From a Ruslness Point Of View.

The restoration Of peace and prosperity to
the South, and the general settlement OF the
late Rebellion, are matters OF great interest
to the business community. his all Will
agree to, but the measures necessary to
secure so desirable result are the subjects
OF q wide dlveTgency of opinion. Yet, there
are a few general principles applicable to the
case in hand which business men cannot fail
to appreciate.
NThe first fundamental, vital, essential con-
dition Of business prosperity is security for
person and property. Capital is timid. 1t
demands peace and order. 1t flies from con
yuIsion and disorder. Very high rewards, it
is true may tempt it to take temporary risks,
but for permanent investments, such as the
development and prosperity OF any large dis
trict of country requires, it must have the
guarantee of civil order,
These general principles are specially ap-
plicabe to the present condition Of the South.
That portion OF the country has been devastated
by war. Its ready capital applicable to busi
Less enterprises has been swallowed up in the
expenses of the Rebellion. Its fixed capital
such as fences, barns mills, factories, farm
ing implements, and the like, the gradual
accumulation Of scores of years-has been
sadly diminished, and, in many parts of the
country, almost totally annihilated. ALI this
must be restored before the South can become
selEsupportlng and prosperous. The waste of
five years of destruction must be repaired.
Houses, bridges, fences, barns and mills must
be rebuilt. Deserted fields must be reclaimed.
Abandoned plantations must be brought into
use again. The great industrial machine must
once more be set to going before Southern
recupeIation can. begin.
But all this is a work requiring capital
money in hand-which the Southern people
have not got. And here is where political
considerations come in. The North has an
abundance OF unemployed capital, which
would Instantly seek employment in the
South if security to person and property was
only assured But it is not. On the contrary
insecurity, disorder, and commotion rule the
hour. Ever since the war closed. things
have been going from bad to worse, until
now hardly man can be found who is will
ing to risk dollar in the South. Thousands
OF plantations that are now desolate would
have been burdeued with cotton had suitable
protection been afforded 10 Northern M n.
Hundred OF mills now in ruins would have
been rebuilt, warehouses erected, and tacto-
ries set to going, had security prevailed.
The trouble IS deep though simple one.
For the past year the control of the Southern
communities has been rapidly passing into
the hands of a restless, reckless, bad class of
men,--men of whom that Infamous Rebel
and murderer, Mayor Munroe, of New Orleans,
Is fair type. Every step IN releasing these
States from military control has been followed
by the accession to power of class of men
who hate the Government, and have hated it
for years-men who were the leading spirits in
preeipitating the Southern people into rebel
lion originally men who hate the funda.
mental i0eas OF our form of government
who are filed with a spirit OF bitterness
and persecution towards their Union neigh
bors. and who would drive from their midst
every Northern man. We see this in New
Orleans, where General Sheridan says it is a
question whether Northern men can any
longer remain there, We find the same state
of feeling prevailing throughout the entire
South. Tnere is no longer any safety oI
security for Union men either of the South OF
the North. The moderate men have beer
oyerslaughed, and the reckless, ire-eatinl
Rebels are getting full control.
As necessary consequence, industry anC
trade are at their lowest ebb. Capital ha
ceased to flow to the South. Northern labo
is deferred from going there, and genera
stagnation and decay are beginning t.
prevail.
Now what is the remedy for all this? Admi
the Southern representatives.. some say. Blu
bow will that help the matter? These ba
men have too much power there already. Wi
admitting Rebel representatives from Lou
siana remove Mayor Monroe from power, G
make New Orleans any safer for Union men
viii giving these implacsble enemies of tb
country more power make them less dange
ous2 The immediate admission of represel
tatives from the late Rebel States would onl
aggravate present troubles, and still furth
PROSTATE the business of the country.
No, the first great want of the South
security; and the first great duty of the gen
raj Government is to afford that securit
The Southern States are now as truly und
the control of Rebels as they were during h
war. Practically, the United States atfor
it's citizens no protection there. II man h
been faithful in his allegiance, and has bor
arms in defense of the Government, til