The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-01-16
Oh a Il l. E. S T ON
SATURDAY MORNING. JANUARY 1e, 1862
Excelsior.

devoting especial attention to considera.
tion of the resources of the Southern States
and they, without exception, prophecy fo1
the South brilliantly prosperous future
The arguments which, during the last few
years, we have 80 frequently used, appa-
rently without avail, are now admitted to
be pregnant with truth, and the fact is
recognized thatt there ia no lasting success
for the North and West if the South be not
crowned with good fortune. The crops OF
the South are the main reliance of the mer-
chants and fnanciers of the North. The
gold for which this produce sells is the
basls OF the trade of the whole Union. In
ais regard, it is of more value than the
m oi the Narthwest and the precious
Of the Pacific States without cot
/ '9h nf RI rua.--s u maintaining he equi-
'br.um d international commerce, Green
backs wHu'i deprecia,e WIEN star,,irs an
ldlty, AMI THIS American repuli.c would
stand on the threshold of financial ruin.
1t is not surprising, then, that the New
York World should write as follows:
a.
pelllng power towards % general prospertv
throughout the whole United States. Money is
becoming dea' or in New York, the money centre
OF TINS continent because the Southern States
require more of it for the legitimate purpose of
handling their Increased crops.
Europe has been draining the nation of it's
accumulated surplus by it's manufactured pro
ducts, in exchange for fve-twenty bonds at IN
cents on the dollar to be paid hereafter at loo o.
ana now the South is going to drain Europe by
its cotton at high price. Stock spectators in
malostpeet may grumble at this scarce Or s'dear
merce; but thoughtful men will be eladdened
thereby as evidence that our wealth making
macnlnes are once more in active motion. This
Years southern ad crops will add to the national
wealth, not $500, 900, 900 more of greenback dol
lars worth 70 cents from the government print
ms presses At Washington, but $500, 600, 900
more IN dollars worth 100 cents in cotton. to-
DIacco. sugar and other proaucts, for which
Europe contends with America as a buyer on
Southern soil.
- Ihds hd year, one weeks cotton receipts, say
93,OO0 bales. at twenty-three cents, Troduoe
aDou5 ~ o2o, 5OO, whilst the same quantity last
wear, Wnen en- In the price was only fourteen cents,
realized So, ,859, 900. showing gain to the South
this year of over GO per cent. above the price
realized last year.
South about 81 100000 week moro this year
than last for the pro iuction Of cotton alone.
Fumrthemore, m the cotton crop of last season was
=, ,43l OOO bales This season the most careful es-
Inmates range from z, 500 900 to 2,7OO, 900 bales.
The average price Of last year. say eighteen
cents per pound, made the aggregate amount
OF the whole crop. about $195, 600, 900. THIS
year, assuming the higher estimate, 2,7OO, 900
Dales, at tWenty-three cents, will realizs about
$3.50 900 600. In other words, the South win
realize for Its cotton crop this year $685. 900, 900
more in every hard cash. than it did last year.
The Baltimore Sun, also, has faith un-
bounded in the energy and Industry of the
South, and after saying that the planters
now receive the total value of their crops,
with little more than the expense Of the
wages they pay their laborers to be de-
Quoted from it, makes this CHEEKY state
ment:
Besides the cotton Of the South is it's tobac-
co, unrivalled in the markets Of the world, and
its sugar. which bids fair to become again a
great source Of wealth. This year the crop
OF Louisiana is estimated at LAG, 900 hogs-
heads OF sugar and 20 900 barrels of moasses,
" OOO hogsheads Of sugar last year and the
same proportion OF molasses, or in round fig-
ures, q total of not oue-third Of the production
OF this season; Next year, it is considered
sugar Will be produced, because tho planters
generally in Louisiana are retaining a lar &c por
ton OF their cane for seed. In some instances
the entire crop Of plantations has been re-
~
appears to be making itself manifest in the adj
vancing prices OF real estate and or State and
municipal securities. especially in New Orleans.
Al TINS Is the result OF private and Southern
enterprise without and against government old
and influence. 1t is another Illustration, on o.
grand scale, Of the truth Of what Macaulay
says in the following observations: s'No ordi-
nary misfortune, no ordinary miseoyernment.
will do as much to make nation wretched as
the constant progress of physical knowledge
ana the constant effort Of every man to better
himself will DO to make nation prosperous It
has often been found that profuse expenditure.
heavy taxation, absurd commercial restrictions.
corrupt tribunals. disastrous wars, seditlons,
prosecutions, considerations, inundatlOns. have
not been able to destroy capital so fast as the
exertions Of private citizens have been able
to create it. 1t can easily be found that
in our own land (England,) the national
wealth has, during the last six centuries, been
almost unnterruptedly increasing; that it was
tagenets; that it was greater under the Stuarts
than under the Tudors; that, in spite OF battles.
sleges and confiscations, it was greater on the
Day OF the Restoration than on the day when
the Long Parliament met; that, in spite of NAL
administration, Of ofextrayagance, oTpubiic bank
ruptcy, OF two costly and Unsuccessful ware. OF
the pestisnce and Of the fire, it wes greater on
tne IN day OF the death OF Charles the second than
ON the day Of his restoration" In like manner.
only upon wider arena, the vast recnperative
powers OF the South are overcoming the raw
ages OF war and bad government. and bid fair
~ Oo 1nS MMu romance 10 reBcuing even the
power which has sought to crush 1t, from the
financial difficulties under which IL Is stagger.
| ing.
The New York Times goes further still,
and suggests thst the Southern tortoise may
outstrip the Northern hare. 1t says:
In the race for solid wealth, it seennA not i'm
PROBABLE that the South may, after all, pass
the North. The former is, in several respects
nsoser ts asted for the trial II has graduated IN
.ne scno0i OF adyersity, and come out spare
indeed. in flesh, but with wind, and nerve. and
muscle In capital trim. The North. on, ths
contrary, has revelled In the delights Of ilissi
sumptnous living. II ia sleek and firely clad
short bresthing w So - ( $50 - -
The Southern planter was precipitates