The New York herald., 1866-04-09
NEW YORK HERALD, MONDAY, APRIL 9, 1866.

debts of stocks railroad ans other
corl,orations-w more tlian consume tho cation ex-
ported. How, tes, viii ineiel.i.ts nav for
goods impnf!eI! 1iV@ IAN specie to restore
our c1rsenr, 7 h-4.rnplcy % American mer-
chants srocie nxpnrtea Instead of imported,
viii be ~hat shall Al. iGeu etibe currency is
bad enoug but TO deiia,i aIsce in pay ii-nt Of debt
contracid in an inflated caien " is repu.aton Or per
haI, less odious may he rmpoyedbankr ruptcy
Where will the Northwes;erp States sell their horses,
mules beeves hogs corn ana cotton basngf The South
can no longer buy II has money To pay with.
Cotton may not be king; but is than any thin.
else, the Iabulum OF Aner commerce and curs' new
What the $40 600 GOO o specie nom Caorn. to the
$500 COO 900 OF Southern cotton, to moth y of rice
tobacco and wheat? Gan the ominerce d currency OF
the world sand the dulinuton OF at feast one hal tis
the only substitute specef ,o+.s uxrr ts Comrner.
cal men and hDanci y.ore abo 10 ca,cuaio how
American and rcncy can no managed with
q million and half bales Of cotton With the enormous
increase of cotton face the South the Increased
demand for cotton goods all the world and eg-
pecay In the Soah froIn tie deficient supply Of A,ner
cotton for die last five years than million
Of baes viii be required for American consumption Can
we get along with thiss have heard said that
pleasure carrrag sold at retail In Augusta than any
other city IN America. How many will be sold the
pre- ent Year, Not FIVE per cent II wound be dscreda-
bio for any man to drv ne equrage amidst universal
ruin poverty and suffering So Of pianos, cabinet fur
nue and tho thousand articles of necessity luxury
with which the North has heretofore supplied the outh
This loss OF purchasers and consumers will not only affect
the manufacturers properly called but every branch
OF Northern ind sry which has heretofore found It's prin
cipa market In the South Their other market has been
hardly indirect with Southern products They sola their
horses hogs &C., to the Soth and received drafts
the North from Southern planters for cotton shipped
there. The products Of the West needed by
the South Tho W, vt needed the staples Of The South
the proceeds OF their sale in money-an in
terchange mutually and equally advantageous raised
my bacon in Illinois; the Illinois farmer raised his cot
ton on my plantation in Florida. Ii have no cotton
will he not lose his customers and his markctY viii
this commerce. mutually advantageous, ever be re-
storcd2 VIII the national debt bo paid Has such
debt been honestly paid by any nation Can II
be paid in specie It's equivalentf Ceddt Jaeds
MN eg Tic share OF the interest on the public debt
and lie expenses of the govenm,n of the State of m
nois will be at least twenty-five millions. Can the state
pay 1t in specie7 The share OF South Carolina say ten
millions The fee simple OF the whole State will not sell
for enough 10 pay years taxes. IL matters not SO
much how high taxes are, If the money Is dsbursed
where il Is raised II blood instant in tho feet
the next In the head But when expended elsewhere II
is blood taken from the arm, and causes exLa son and
DEATH BY certain and fixed laws, the securities OF
government must accumulate in Europe and the North
cities, and country endure such exhausling
depletion.