Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-09-05

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The condition Of the South reminds
one of the proverb: Ocni .taniculum
torquerre, having its origin in a lazy
fellow, Genus, who, while twisting ropes
in He'll (the political South at present),
had an ass standing by him gnawing
them-he being too lazy to drive him
away, is constantly mending the ropes.
The Radical ass lin a lions skin, how
ever,) is rapidly gnawing away the
shrouds and mainstays of the old ship
(tbe Constitutiop), while inertia, the
Genus of the South, stands lazily by,
prefering to mend rather than arise and
drive away the ass of radicalism. As
our great chief Forrest has it, the time
will be upon us, and when it comes, neu-
trails must 60 to the wall. This being
neither " fish, flesh nor fowl, will not do
for the present emergency. There was
too much of it during the last war. Too,
many clever fellows (American clever)
did the go on" but not "come on" and,
were moths upon the Confederacy. Some
years ago, in Nashville, a gallant gentle
man was electrifying the masses on the
merits of the Mexican war, 10 this wise:
"When you go to Mexico, remember you
are from the soil of the Hermitage.
When you go to Mexico, fellow-soldiers,
remember the Volunteer State. When
you 90 to Mexico" Hilloa, old fellow,
why in the hell don't you say ace one
time," cried out recumbent inebriate-
and SO say I. If the South is to succeed,
she must, to a man, say sce-no wishing
you well There is one advantage the
MANNED soldiers have on their return
from the wars, they can vote for the in
erts, who have been studying the regi-
ments for office. One of the most re-
marksble spectacles Of this century is
the negative position taken by SO many
thousands Of the Southern people, when
the political future of the country is
trembling in the balance, and when the
South is to say now or never, 1--WE will
take our true position in the councils of
the nation" Let every man arouse him,
self, and when needed, blow bis bugle,
and we poor devils, who came North to
attempt to recuperate, will rally to the
standard of Forrest and GLORIOUS old
Tennessee; but he who "dallies is das-
tard As stated in a former letter,
speak the sentiments of the Democratic |
North. Things must tote fair in Ten
nessee, and in all the South, or it will be
p" wake, snakes, day s breaking" +" and
the Radicals must keep out of the way of |
the locomotive when the Democratic |
bell rings.
The South has been so long in state
Of commercial bondage, that it requires
extraordinary efforts to raise her from
her despondent position, and as political
is ever sequence of such con
dition, the South can only hope to escape
from the latter in breaking the chains Of
the former. All intelligent gentlemen |
with in the North accord to the
South the future position of supreme ag-
ricultural and commercial power in the
country, and do not deny that such posi-
tion carries with it the balance of politi-
cal power. Now, see how it works.
and any head that is not too Opaque, can
find proof to sustain the position, that the
Southern States will, without the sword,
control the destinies Of this great country
and that Memphis will be to the South
what Chicago is to the West; not that
she can buy goods fower, or sell them for
less, than St. Louis or Louisville--but she
will be the grand entrepot and shipping
point for all that immense area of which
she is the nucleus. All cities have their
periods Of stagnation and apparent de-
cline, aud Memphis cannot hope for
from an ordeal SO peculiar to |
growing cities. Be energetic aud have /
patience, and hold to your real estate If {
Tou have TO grub for living, as in less !
han two years the hoodtde of emigra- |
ion will set towards your city and State, {
i'll the Memphis of old will once more,
Phoenix like, spring from the ashes Of q {
past mismansgement, and old Memphis !
will be redirirus. In the fiscal year end. '
ng June 30, 1860, the amount Of our
urplus products of all kinds exported to :
oreign countries, and exchanged for
heir products, was s373. 100000. The !
mount Of foreign products so exchanged {
or, was $362, 2,000, 900; of this amount,
be South exported S2le, ,s95. $50; the l
North. S97 .346, 973; in favor of the Soulh, {
,l2l, ,54S.477. Showing, that while the
Worth Is twice as numerous as the South, a
be latter furnishes twice the capital OF 1
he concern, as il is alone in what We ex- o
'ort We fnd the real capital Of country
as like the individual, what be consumes i
oes not 20 into, bot out Of, bis labor. 1
While this balance shows so fsmously for o
be Souih-it il all on pdper-sir ,
eDeHfAs Of these exports 20 abroad IN 9
lOrtbern vessels, and about one-sixth Of .
he imports come back in Southern bot d
Dns Suppose the South reverses this e
which in few years she wiz, you can u
asily see how immensely rich she will 3
ecome We psy the North annually u
one ssvcniy millions factorsge aod y
eency; twenty millions in freight G
inety millions Of dollars, leaving out q
1e thirty or forty millions q low este q
iafel spent yearly by Southern tourists p
axe thu Suiueiy millions of profit and u
ivide " between southern shipping, al