The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-09-02

RADICAL PRESCRIPTION OF SOUTHERN TRADE
AND CREpT.-It was stated in dispatch from
New York q few days since, on the authority Of
paragraph in the Brooklyn Union, said to be,
in some degree, the organ Of some the heav-
lest dealers in New York, that meeting Of the
leading dry goods firms of the latter city had
been held, ''at which it was resolved that they
would sell no more goods to merchants in the
Southern States, except for cash, during the
present season." Since then the Brooklyn
journals article has come to hand, and the In
spiration and spirit of it's announcement are
shown by the following extract:
This is q very significant action on the part
Of the perspIcacious business men OF the me-
tropolis, and furnishes on example which will
undoubtedly be promptly followed by all mer-
chants dealing in whatever business with the
Southerners. 1t shows that The threats OF on
other revolution in which the Democratic lead
ers have 20 iberally indulged; the continued
anarchy IN " Itch the rebels have retained
many of the Southern States; the persistent
determination OF President johnson to prevent
the loyal men from governing the South, and
the revolutionary speeches Of Frank Blair and
of Southern fre-esters who have taken their
cue from him, are having their effect on loyal
merchants at the North, who consider their
expensive business Interests, the preservation
Of the country and their financial security or
too great value to be hazarLed among people,
many OF whom still owe largely on goods sold
to them years ago, and who have shown that
IT, cir loyalty to their obligations to the country
cannot be relied upon any more than their
loyalty to their obligations to their feuow-mer-
chants.
The Baltimore Sum- in alluding to this move
ment, says:
Baltimore will endeavor to keep up those
commercial relations with that section which
she was prompt to resume when the condition
of the South was far less hopeful than it Is now,
and when the tides Of war were just receding
from her wretched and desolate bosom. If
others choose now to refuse. under the prompt
equitable business relations with the Southern
people, the citizens Of Baltimore will not imi-
tate their action.
If s utnern credit has been derangcd, and
the tu[l mater.aI development Of the South
frustrated, 1t has not been the result OF the
agencies assigned by the Union, but because
Radical legislation has disorganized labor and
retarded every industrial enterprise OF that
section. The South has suffered since the war,
not { ON what has been done by itself, Dut
from what has been forced upon it by others.
LIZ it had been leIt to itse I, with Its familiar,
practical knowledge Of the whole subject. 1t
would have utilized I'LL its labor. instead OF hay
ing it vampire upon itself and the resources
of The country. It is, undoubtedly, the TACT
that the labor OF tine Soutn mas peeI, more
advantageously managed within the last sew
eral mouths, and is now, where people are
left more to their own action. than at any
former poriod since the war. The cotton
crop for this year is good, with fair prices, and
the general crops better than usual. We have
ALWAYS recognized the fact that the labor of the
freedmen must be the main dependence of the
South, probably for generations, and if whites
and blacks are permitted to regulate their own
relations their mutual interests will secure JUS
tlce and the prosperity of all There is, perhe os,
more reason to give pecuniary credit 10 the
South at this moment thaa a. ary time since
the war. Her fine crops en1 .ne improvem ant
and hopetulness OF her labor, under present
tende ces there, are every day putting her in
q more satisfactory financial condition. And