, 1879-05-16
KltV tFUIIlfs
To Inc G;:ltht,tlf Jlt 1fjb,Ittf.

10 Inc I;;:ltor,nf Tne ffdbanr.
= CnicAno, May 15.--Yanr correspondent Il. W.
P. most fully conprchcnds tho real status Of
tnancia, mattera Us they exist nj thr South, And
Ills letters should be read carefully by every
Northern matl.
Irior 10 the War eacl, stakeholder purchased
with byery ready dollar another slave, and ball
auced with his factor with a mortgage OF tho
plnntatfon.
When Mr. Lincoln cmancipatel Tic slaves tho
Southern planter lost L4ts ali. A plantcrs
wealth va, estimated by The nas1ber Of Sc hands"
l'o worked, wholly Ignoring the 'aes tsmt there
could bn no property Ill flesh anl blood
Not like at the North was tho vatao Of wealth
ostiuatad In rcal cssate. IT wns never counted
II tho tnyento oyy Of assets, the number u acres.
| but tie number vi human cfattels. Tia vuvy
element they counted as strength was rendered.,
undsr the fortunes OF war, their destroying
| weal1cs3 -
Thrr universal System, Of credit will always
reduce tIlrm to great depression Whenever pay-
day CONS.
It is scK-egldept that, II a borrowa OF b $l,Q00
at six moitlls, a.t yet FROM tho dny nt i,aklnE
the loan stnnds every dollar, when maturity ar-
rircs he IL AbR1lkrupt.
Tie dcstrtetiye element at ille South ts the
failure to rct.gn!zo the true dignity OF it'lest
toll, nhd tltat principle In such lltrcct antaGo-
nfstn to the Ditine etllet, "lH the sweat of thy
! Auct 7tiAl% tunn VII utEAl va IioH Ae'n!" Atsn
the Esound,f has and will ever PROVE the 'atl-
STONE about the neck uE Southern prosperity
Thrro can be nothing so profitable rs tic traffic
r hu.nan ct,attels Ina locality whore ever rsthln;
ols. Is malc snbseryllnt II ihs STANDARD, nl!l
soon .ycry ot1itr fnlu.try is dwartcd nhd par
ulyzcd Ly this prevailing standard.
1n aEc dAy4 al Rlnsetg TIE Northern 1rlsllnnn
coulu not hntleratalld why ht WIS always sta.
tonnl III the Inust dangerous tSlqlng in tho
cr4rasse, WittIt the negro was kept % work IN
) good !Irm ground. lio could npt comprehend
the rr1ntve ra1uc between Il penntless NtshlnnN
mud Sl,U00 negro, willie the real solutita was
IN this wtsc: II Put went into the drink, hi
earcass was piycn II irer burial III tn" tilnf o
MI. parties Of my EXPENSE: but X Snll.,o mi,
drowned his masters loss ras Ills market value
The pernctnua effect Dt the system 0r SLAYER,
was far greatcr upon thu white; thu ,cgro nrve
: suffered anything like tho master from lts du
gratlltw influences.
Two furcrk, no matter how nntagonIstc, cul
never be brought into intimate relations, bl
what afTccts one must Influence The other. l
the South could hnru accepted the situation n
( the result Of the War brought 1t to them, MI,
realized that the same condition thai MtsGcke,
tho HcEr0 would In turn atfeet their former mas
, | tcrs md actea on TINT basis BY rendering I'll
| negro every encouragement to become as ire
! man sef.sustatBing. then the prosperity Of til
/ ora race would linyc helped the other,
If It proves 4 VIII OF rnecs. then tho utter cx
the condition of ultimate vctnry dHpeMla upO
lie ability to endure toll In order tu eat brcal
who cannot snfeIy predict which shall prctlom
. natei May the iusAnu desire to feed upon ut
requitcd toll no longer fire tho Southern henri
IAuO,