New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-11-03
THE BUSINESS VIEW of THE SOUTHERN
TROUBLES

SOUTHERN TRADE TAXED OUT OF EXISTENCE-AN
APPEAL TO THE BUSINESS MEN OF THE NORTH.
The following letter from the Hon. Z. ID
Sandiford Of Kentucky, 10 prominent banker OF thi
city, gives the Southern business mans view OF the
Southern situation and suggestions as TO the belI
and sympathy which business men OF the North might
extend to their brethren In distress:
The people OF the South being governed by class
OF men Who have interest in the prosperity OF their
adopted States. and indeed do not expect to remain
to make money by plundering the people: You can
what the effect Of the exercise Of arbitrary
power In such hands necessarily must have upon bust
ness generally Capitalists will not invest their money
there assurance Of protection under the law
at any time seize every thing, dsarrange business
destroy credit. There Is no security, under the
iuanence investment What appears to be stable
settled now, may, at the next turn OF the political
wheel prove &C he utterly wlIhou. foundation, and
we have business interests 1ependiDg upon the ever
varying wind of politics, aud Its own legitimate con.
speaking now IN reference TO Kentucky. Here are
established and have nothing TO fear either from our
courts or the executive nor do the questions 0 politics
disturb business affairs in the least.
This condition OF affairs Is owing wholly to the in
interference. but this unsettled state OF affairs among
nearest neighbors inure us materially and athou
will ultimately resch you. am not speaking OF these
things as partisan OF Sort but q business man
think That most Of these evils have been brought shout
the useless and 1udci0us interference by the
Government IN state 1Ne real Intelligent
people OF the South. the upon whom We must de-
pend TO bring about return TO commercial PROSPERITY
the unfortunately against Federal 10
ference has been mostly directed and the officers whom
this interference has kept In have TO
State but the Administration at and act ac-
cordingy. Cannot something be done put stop 10
this VIII not the Northern business man extend 10
his Southern cOnere at least the moral support of SWIM
patty against the OF those arbitrary measures for
winch he has redress. The present condition of a
fairs has crippled tue railroad Interest nearly
manufactures aud demorazed all kinds OF business
WHAT the south needs position in the
commercial world sense OF stability
her establishments. We caOnot expect this from pocs
politicaus-I mean in the general sense OF conrse
much depends upon the Southern tLemsey they
will have TO work out their salvation; but Won
gentlemen or the East, do iDcalcul good Inv
your advice and sympathy and more still by Opposing
the acts OF oppression under which the business OF the
South Is crushed and which last olosug up The
North's best market
This Is not political view OF the matter IL IA tho
view that business men take OF it. Who would feel
safety IN making investments business thar IN a
week, month, or year might be taxed out of list
eDce, or seized upon provocaop, without any AIDE
Eastern capitalists who in good faith have invested
their money III railroad and other securities of fhe
South, are being continually robbed Che punderers
control the affairs of the Southern sIates
The Importance OF change in the condition of sH,irs
here can be better conprehended when we consider
that National Debt and the interest on IL mus he
paid by the products Of the West and the South The
whole country is vitality interested in prosperity
Il. ID. sTAsDHORD.