Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-08-28

It stated as a fact, and is doubtless true,
that the wholesome work done by the Phil
adelphia Convention in behalf Of reunion
and rendering peace permanent has i'm
proved the value Of American securities in
foreign markets, and tended to strengthen
the national credit, and render less difficult
the financial operations Of the Government.
This would be the natural and expected re-
suit. A foreign capitalist viii place higher
estimate upon the bonds Of a government
the whole Of whose parts are linked
in unity, and whose people are peaceful,
prosperous and coniented, than on those Of
one over which the spirit Of strife sat brood
ing, and perpetually threatening to unloose
lis horrors. Securities based upon the vol
untary plighted resources and faith Of thirty
millions Of people whose energies are en-
listed in the various pursuits Of industry,
are worth more than those which have no
foundation but the taxes wrung from two
thirds Of that number engaged in War-the
work Of destruction; oreven ofthe wholenum-
Der, if the work Of production be paralyzed
by the constant and anxious dread Of war,
the conservative sentiment of the nation
represented by the late Convention, if sue
cessful in asserting its powers, will produce
confidence in the stability of peace, and an
ability to meet indebtedness. The rule of
radicalism will keep the world distrustful.
and impair the public credit Which will
the people choose?
If the tide which has set in since the
action Of that Convention is not checked by
some untoward circumstance, and we
see no probability Of such thing, we
venture to say, that Notwithstanding the
shortness of crops in many sections,
and other obstacles to a rapid resuscitation
Of industrial interests, the coming market
season will feel a new life quicken its
pulses, and every branch of business in
every section feel itself on frmer ground.
Our recent terrible experience has increased
the natural sensitiveness Of commerce, the
arts, agriculture and every field Of labor to
public commissions. We have a trying
personal experience how profoundly and
disastroRsly they are affected. Within
the shadow of another strife they
cannot revive and flourish. Pour
upon them, however, the sunshine of
confidence in the future peace and unity Of
the Government and they will prosper and
flourish like the green bay-tree Then viii
we zee the prompt and mutual interchange
Of the products Of both sections, return of
that sense Of security in financial matters so
necessary TO their transactions, and buoy
ancy, energy and thrift in all the avocations
Of life TO which they have long been stran-
gers. Following this will be the repeal of
tax and excise laws, and the incessant foot
fall Of the tax-gatherer viii cease to vex the
ears, and Tighten the pockets of the people.
But, to repeat, while a political party is
in the ascendant which retains the country
disunited, and holds the nation in state of
terrible uncertainty, the spirit of the people
will be depressed, domestic and foreign cred
it will languish, and a condition of things
will be brought about which cannot but end
in producing new troubles.
We ask again, will not the sterling, solid,
real people at once see their true interests,
and by espousing the cause Of Conservatism,
Danish all fear of the future, and pro-
scribe the reckless political gamesters who
are engaged in attempting to renew strife?