Year: 1868

WHAT CAUSES THE DEPRESSION IN BUSINESS
copy as follows from the Lancaster Pa Inelligencer


There IS not an honest white man in the United
States day who is suffering in his business from


the effect of the policy which the Radicals in Congress
are pursuing That is broad assertion but it is


iectly susceptible of proof Take the bondhoder, who


Is a privileged character His securities are much


less valuable to-day than they would be if peace and
harmony prevailed in the South The mad attemnt 20
establish negro supremacy in ten States must impair
the value OF every class Of United States securities
and, if persisted in will llnevably lead to reputation
in the end The richest agricultural section of our
country lies waste. There business enterprise of ali
kinds has been killed, not by the war; for disastrous
as the effects of that were, there would have been
speedy revival of industry if wise and conciliatory
poicy had been adopted by US at its close. We had


1t III our power to repair the ravages produced by
years OF STRIFE Even the regions made desolate by
the march OF invading armies would ere this have bios
somed as the rose under the fostering care of indus
try stimulated by wise enactments.


For the purpose of maintaining their hold on nower
and OF securing an opportunity for perpetually plum
derng the public treasury, the Radicals in Congress
deliberately determined give the government of the
Southern States into the hands of the negroes Per-
haps we could not have expected them be influenced
oy the considerations which lead so large majority
OF the Northern white to vote against negro suf
frage, but We had right to expect them to pause be-
fore adopting policy which to produce such


complete arrangement of all the business interests of
the nation.


That the general and great depression in business of
every kind which prevails throughout the North, is
directly traceable to the policy which has been pur
sued toward the South, is longer questioned It
everywhere freely admitted, except by the extreme
Radical papers, which prepared to iudorse every
act OF the leaders of their party The masses begin
to understand the matter They are sufficiently saga
cious to at glance that there can be no real pros
perlty in country while the South remains in the
condition which it has been reduced by the reckless
action of Congress


1t requires no great amount of wisdom for the peo.
pie to see that every branch of Northern industry
must continue to suffer until the shackes are removed
from the despoiled and desolated South Manufactu-
must angush and the operators must be deprived
of employment or be compelled to work for low wages
so long as there is no demand or very limited one
IN the best market we ever had. Our crippled COM
merce can never be what it once was while the ne
groes OF the South employed in politics. instead of
being engaged in the cultivation of the great staples
OF cotton rice tobacco and sugar. which formerly fur
nshed the bulk of our exports There is branch of
business which is not suffering directly and seriously
from the effect of the policy which the Radicals are
pursuing toward the South. The people know that.
the masses feel it, and they preparing to apply the
remedy at the coming presidential election Not only
do the people feel that all the best interests of the
country demand the defeat of the Radical party but
every Intelligent man, who is engaged in an honest
knows that he has direct pecuniary in
terest in bringing it about