Abbeville press. [volume] (Abbeville, S.C.) 1860-1869, 1869-07-02
FOR TIE ABBEvtttH phrss.
NEW YORK LETTER,
The Future Of the South-A hupaful
View.

EDITOR ADBEv1ILx Pass: Allow
no now to fulfill my promise Of
writing s=few lines fer-yoas papsr...a
p common Yit4 all soptborpsrs, il
his eity, im5> iafessiohs'iara DYER
.owarda my native elaadp.douhly. .dearar.
IN her sorrow and humiliation than in
the former days of prosperity. Noa
! will not now speak Of the political
condition Of our people. Their pres.
cnt shame I cannot bear to dwell o.; p.
their future deliveraace 7fwill, ,rosult.
from tho considerations I am about to =
suggest. :'.. ..'., ., Iii i. ,..u.''"t-
You feel yourselves to be bound
hand and foot under the power Of
your oppressors. And for the timo ,
being this is true. Yet this is not +
half tho truth. You do not, 7 am .
persuaded, fully appreciate your posi-
ton. You do not 500 it as clearly, ,asq
wo do here. You nre unconscious of.
your own power. Intelligence and
virtue exist at the South tos greater
extent than ut tho North. These
qualities will in the long run win in any =.
race. But will not dwell son >,thisu
point moro: The material wealth OF q.
tho country is rapidly gravitatihg.
towards the South. The cotton crop :,
is the great source of wealth. The.
products of the North are as nothing
for export in comparison. Let them
demand gold for theiv cotton, and -
keep their gold, and they will drain tho
North of the precious metal. 1t is in Il
your powor.to return to specie basis,,'
while tho Mort h is still foundering fn'
its paper puddle. By persistence in
this you will eventually; produce a
financial collapse. This collapse will
come sooner or later-you can, hasten
it-and then tho day of your rcdcmpsf
tion drawcth nigh, &.
But besides the profits of your agri-
culture, you hnve the advantage lof
the North in manufactures. This is
shown by the fact that while tho
Southern cotton mills arc prosperous,
here are doing losing business. o.. .y,
clip tho following from tho New
York Express Z .a,i3n,:, ,atwa,,
"THE SOUTHERN EyguRE. Tho
.K-tropoliton Record is reviewing the
improving prospects of the, Southern
States, so far as their material inter.
ests ase concerned. ~'"i~--'f''Sa'
"'It-is now stated that,the hast, cot..
ton crop. exceeded three millions Of
bales; and IA the Southern. staple is
superior to any other sold in the !"
markets of the world, tits certain t0
be always in demand and to command
a ready and profitable sale. Those
who imagined, therefore,: that the
reign Of King Cotton was over have
been wofully mistaken; while sthoae,,
again, who supposed that tho product
Of Indian Or Egyptian soil would sut<
persedo that OF tho Southern States,
, have been no less mistaken in their
prediction. d.
But tho editor goes on to show)
the case does not rest here, for tho
, South ia not only to continue tho
; greatest cotton-raising field Of tho
f world, but it is also to bc the greateat
manufacturer of tho raw material, for
which it possesses peculiar and inArle-
ed advantages over the New England
States. A largo portion of theT eapi-
: tai Of tho country is;:finding .invest-.
ment in manufacturing enterprises a.
ready, or about to bo established -
!, The lnoncyed men of the North, who
! arc interested in this PARTICULAR
8 branch Of industry, have found ont
, how profitable tits, and tho erection
of numerous cotton mills in Georgia,
. Mississippi, and other portions Of The
South, shows that they have q full
appreciation Of the advantages to Be
realized thercfrom.. @ffl;s
millions Of fjmoney.and hundreds of
thousands of industrious, hartl,fste
l mechanics, the Record is certain, will
a seek and find rcmuneratieS 'ifi9ost-
! ment and employment III That grand:
i, storehouse Of nature, the most gdftAH
IN natural wealth. and resources Of
: any. portion Of the American, ,eopti.
Inent. Hence, it says, in, ,coIethsion:
. ".Let Radfcalibm Blot and plAht,
:, scheme and .cohspire against the 3efs
tA<sA q VI tatO ooutu'sAuul Iuej 'pIVpRoSAky
of it's people, it panpot long ,eentinAe
8 to fight against the powers of nature.
!. The day of adversity is nearing its
close and the future or the, stiff 6p-
: pressed and persecuted people Of our
j. afflicted aatrapies will far oatshins!
the Brightness and glory Of. .'their
d past" "rvjf*2....'I pefi ..2j5t,Ha4 ~! u
oil Butsthe most remarkable evidence
y, of the wealthTrodacing power1of the
r Sou.h>is seen ID its,amaMngtr gtreoovsry
r from thsieffeets df:the war. l'i'5E.fiS os
Il Never did such total rninY ovSrtaiss
any people. The 4imhense property
i, |ip .slaves-sll! thsYealthsthsy had il.s
vested in CenfsdsrAte,bonds, 'ina State
bonds aissueda fdr.thsi war, .ina banks
and insurance companies, swspstaway
tin a moment; thesvaadS lof ;ei1sy ylaAda
: thssaby grastly reduced y Ind TO- cap
:, ,ttbe climax, all thg nsoseF Faah, theip
= Ihouses and pocketStsairned to ashes