The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-09-01


new year, We may again glance at the
change wrought in the position of the
South since September l, 1868. Then the
Southern country had about seen the
worst. The condition Of affairs was not as
it wss year before, and, making the most
Of the little they had gained, our people
were determined to keep stout heart in
the future This has enabled them to fight
down the dependency which would natu-
rally be excited by practical experience
of the follies and crimes Of Radical State
administrations; and if the South to-day is
hopeful and undaunted, it is because We
trust ourselves, and are confident that the
rule of ignorance and fraud cannot endure
much longer.
One striking feature Of the Southern in
dustrisl situation is the opening Of North
ern eyes to the Importance Of the cotton,
tabscco and sugar crops of the South. Upon
these crops the United States mainly de
pend for the maintenance Of the national
credit. The twelve cotton States alone can
save the country from financial ruin. The
products of the North and West are the
came as those Of Europe, and cen only be
exported with profit to supply deficiency
In the foreign production. Specieis large
ly exported to meet the interest on the Uni
ted States debt and to pay for excessive
importations Of foreign goods; but the
mines of California and all the boarded
treasures Of the East and West would be-
insufficient to square our accounts with Eu
rope, were it not for the gold power of
sugar, tobacco and cotton. These products
have always specie value; they represent
so much nard money drawn from Southern
soil by Southern capital aud labor. We do
not take into account the shipment of bonds
to Europe for sale as source Of revenue.
That is nothing more than paying one debt
by creating another, q process wblch can
not be indefinitely continued The time
will come when Europe will be ohary Of
lending more money to the American Union.
and then, more than ever, will the North
and West be dependent on the South.
"A comparison Of the exports Of the two
sections, the North and the South, makes
the power and wealth Of the South at once
apparent. The exports Of the North and
West for the year ending July l, 1870, will
probably reach $500 600 600. for populs-
ton Of abour %. 600 600. or ST 10 for each
person. (For tho year ending June 80,
1857, the exports. exclusive Of cotton and
its manufactures. were: Animal produc
tions $32. 575 115, bread-'uff' $40 983 168
wood and its products $17 076 873 m,scel
lsneous $31 429 7S3 Total S122 O04 959 J
The exports OF the twelve cotton States for
the year ending july I. 1870, siI certainly
amount to $250,000 ono for q population
of II 600 600 or sbuu' $22 10 Tor each in
d,v,dual. Here we hnve an export of
81 Is per c,pi'a from thr N'rth and West,
against S22 IS per capita in the s 'uth, tn
export Of the South being moro than three
simps the export Of the North and West.
Turning to South Carolina, we fnd that
she holds an enviable position, In one par
tioular at least, among her sister States
South Carolina in the year ending July l.
1870, will probably export cotton. rice snd
other products to the value Of $50. 900 600
which. with population Of about $40 600.
will give an average of S44 78 for each in
dividual, which is times greater than the
average Of the States outside Of the cotton
belt Il may. therefore. be assumed that
this State has within her greater elements
OF true prosperity than can be found in the
North or West. In order that these ele
ments Of prosperity may be turned to the
best account we must have labor and capital
Labor we have; but it is insufficient il guam
,ity and uncertain in character. White immi-
III IN -oasarsa- of Tina add To