Year: 1866




Everywhere 10 the South there is great
depression of business and financial en-
barrassment A correspondent of the
New York Tunes writing from New Or
leans says that a monetary crash is i'm
minent there. The money market is dis
turbed and tight, the banks have ceased
loauing money and all are grumbling at
the hard times. 1t is useless to deny
that the principal cause Of these ap-
preaching disasters, says the writer, is
the withdrawal of Northern capital, and
1T is still more useless to give any other
reason for the withdrawal of Northern
money than the disturbed political con-
dition of this section"


In the meanwhile the people of North
ern Alabama and other sections are starv-
ing. Their "honor" which is the re-
uctance and obstiuaCy of their seces.
sion politicians-reiuses to take any
steps to restore these States to the
Union, by accepting the only terms on
which loyal people will consent to con-
fde in their future good conduct. On
the contrary, both their newspapers and
their politicians are striving to keep up
the spirit Of discomfort for which the
Southern people are characteristic, and
the spirit o. rebellion which is nole,
however satisfied to stop short of armed
force. Their sullen, surly attitude, their
continual appeals to old prejudiCes and
passions, their refusal to accept the sit
uation" any further than they are obliged
to yield to superior numbers, produce
the natural consequences. Northern
men men OF capital, men of enter
prise,-who are willing TO settle in a
community where their industry and
thrift will be rewarded, are driven off
by the low murderers and growing
threats of a hostile population or by the
conclusion that these politicians intend
to wage war against the destiny of the
Southern States just so long as the peo-
pie will listen to and sustain them in their
suicidal career. Sometimes the murder
Of Northern tradesmeD, sometimes the
burning OF school house, at all times
and almost universally a persistent op-
position to the education of the lower
class, of all conditions and colOrs-
and especially the negroes-all prove
to them that there is neither oppOr-
tunity nor position on which to base
any calculations Of good order and
peace, to which those who have money
to invest and to gain or lose look with
great care and caution.


The Southern people must by this
time have become convinced that the
loyal men of the North are in earnest !;
that Congress alone can restore them
and that Andrew Johnson, Mayor Mon
roe, Jefferson Davis, Robert TOombs and
men Of that ik "must take back seats
in the work Of reconstruction" They
must leain that the country cannot he
blessed with permanent peace until they
take this work iu their own hands and
settle it In spite Of their political lead
ers. The people OF the North have ex-
pressed at the ballot-box in the most de
cided manner that they sustain Congrt IS
and repudiate my policy" Why, then,
will the South consent to be longer mis-
led by the men who have been the cause
of their past and present misfortunes
Let them shake off the iron heel of des-
potism with which they are ruled by
their leaders, accept the terms offered by
Congress for restoration to the Union,
and bright and prosperous future
awaits them.