The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-06-20

80 oA'e"' anu saue VI she save Dr. de in Virginia
before the war.
lune 20 'na' gen.ieman's 'xa.ement, the slave
~ 'nsn'a oo'ofe the war about fifteen
49,, .o'''s a'uuAy de believed it reached as
nish rs esn'een miilions nile the pro0ts upon
little, If anything, short a, ,a,,a -. .an, More than
threefourths OF this rade wss On g. Richmond
and though Its <era,ions were confined 10 few, It's
oehens "ee 1evertheless diused through every bust
mess ehsnp IL and contributed in various forms to in
Ssoase 40 wealth and prosperity Of the city.
Independent of the profits by the actual sale Of slaves,
islge sums were realized from hiring them Families
who before the accustomed to hire three or
four servants now manage with one two, their ina
bty to hire being result In part Of the depres-
sion occasioned by the loss of the slave trade In
the matter of clothing, shoes, hats and the other
necessary articles Of Dress material falling of has re-
suited from the loss Of this trade. II customary
always to furnish the negroes clothing either before
after sale, and hrers obliged to give their SER
wants at the end Of the year suit Of clothes EACH with
the oher appendages Of Dress shoes, hats shirts, &c
The annual outlay In this form was immense. Now 1t
hardly reaches Eve per cent OF what Il the negroes
being compelled from want Of means, to wear their
old clothes long they be kept together or buy
the cast off clothing Of their former masters In the
consumption Of food there is considerable dimnuton
among the negroes Before they wasted much they
planes, and worst kind Tobacco manufacturers who,
before the war; compelled to hire hands for Inc
whole year, hire them by the day week. and that
only during the manufacturing season. And even at
these intervals tho rates OF living, deiuctiug allowances
for food and clothing rata below what they were
formerly
The loss OF the slave trade in Virginia, with the con-
tinual drawbacks in the forms indicated fall little II any,
thing below twenty millions annually And II the rail-
ing of in the staple productions OF the State Is included
In the contingent losses the amount will reach the enor
nous figure Of forty millions or more
before
annually to about fifteen millions and the Hour trade to
about eight millions The trade In thesa staples now
scarcely reaches onehalf these amounts These produc
tons however are destined to increase with the increase
OF labor from abroad but the slave trade is dead loss
neous means, such manufacturing some other rev
enterprises that must needs be OF slow growth We
have, then, In this sudden extinction OF trade yielding
twenty millions annually, satisfactory solution OF the
depressed condition OF trade and the terrible financial
doubt that thousands who affected by tho general
prostitution will learn for the first time from this
the true cause OF it, They will learn too how slow VIII
DO the recupcravc progress which has TO await the iu
development OF enterprises that must encounter the
hazards OF vigorous competition backed by the wealth
and skill OF the powerful North Vrginias benefit from
slavery consisted in raising slaves for the markell No
loss will result to her from their labor Tor that she
supply cheaper rate. The loss Of the slaves
marketable commodity is dead loss which she cannot
repair II Is impossible to repair 1t unless By SLOW
process Of improved industry the benefits from which
will enure to some generation TO come.
am informed by a gentleman whose connection with
public affairs in Virginia for the last thirty Ave years has
u
financial affairs Of the STATE that tho as regate Of
Virginia by the war; including the loss of slaves, &c. is
Eve hundred millions besides third OF her territory
which is comprised West Virginia. She lost by
the Confederate government in cash loaned fifteen mli-
lions, including four millions, the amount OF her school
fund which she had been zsalousy guarding and treas
urns for years She paid all her soldiers up to
the LIST Of July 1861 and advanced the Confederate
out of her funds raised by taxation in 1860
every available dollar she could command II woaid in
deed have been short war II Virginia had kept aoof
from it, She had at time In the field force OF
hundred and thirty thousand men, Of which al least
fifty thousand had fallen in battle died from other
II will thus he perceived that the Old Dominion
suffered her share by the war.
Genera Longstree has written to a friend here deny
ing that he has allied himself to the radicals He says
that all his remarks in the letter which gave this
presumption designed solely to influence the people
OF New Orleans TO conform to the terms OF the
strucon BILL and bring an early adjustment of the
difficulties now pending.
II he anticipated that -four will be down dol
lars barrel in this city by the Let Of October The
wheat crop IN Virginia surpasses anything known here
for many years
Or. Craven the author OF Davis prison ife is now in
this city, and stay ing at the Ballard Hotel.
Ex-senator T. n. T. Hunler is leading quiet, retired
life at his homo. in Essex county He dcvotes himself
principally to farming, and manifests no interest," as
understand, In politicai affairs.
James A. Seldom ex.rebe Secretary Of War, recl'ncs
sb tegmine ugi in Goochland county, thirty miles
from this CITY, attending TO his iocks and overlooking
operations on his beautiful farm. Ho hero some
weeks AGO at meeting OF tho James River Kanawha
Canal Company, in which ne large stock oder He
looks about as we'll, rather ill., as ever He, too
is out OF the political ring