Valley Spirit
The Tennessee Election
A Mongrel Convention
A Trip For General Grant
Firing Over The Grave Of Liberty
Full Text of Article
The great depression of business throughout the country is the subject of much remark. It is not confined to any one section or to any one branch of industry. Commerce, navigation, shipbuilding, and manufactures of all kinds are almost at a standstill, and jobbers and retailers of goods are not better off. We published a statement in yesterday's paper showing the great decline in the manufacturing business in New England. The cotton, woolen, leather and shoe trade are all declining. Colleries and Iron foundries in Pennsylvania have stopped work as well as the Eastern cotton mills. In the South, as is well known, there prevails an utter stagnation of business. There is no commerce and no money for the South. Cotton is very low-nearly one-half lower for some grades than the price of last January-and the growing crops will not be remunerative to the planter, though it will be smaller by one seventh than the crop of last year.
When we inquire into the causes of the depression of trade we will find that political uncertainty is the most active and influential of any that can be named. Congress has seen fit to quarrel with the President in regard to Southern reconstruction, and has sought to keep the South out of the Union until it could be admitted without danger to the continuance of the Radical party in power. Congress endeavors to perpetuate disunion until its usurpations of the whole power of the government shall be confirmed and upheld. That is, Congress says; We will retain our two-thirds' power, and will not admit the excluded Southern States until they embrace our policy, and send Radical men to Congress to unite with us in support of Radical measures. There is no prospect before the country but that of disunion, anarchy, profligate and corrupt appropriations of public money, the final obliteration of State governments, and the establishment of a great central despotism.
The North has much capital yet, and much enterprise, both of which would be employed in the South, to the advantage of both sections, if Congress would give us peace and restoration of the Union. This is necessary to give the country confidence in the future. Trade will not revive while the Radical rule prevails. That is a business and political fact. That a fair crop of grain will put starvation from our doors is very true; but it will not be sufficient of itself to set in motion the capital, labor and industries of the country.
Local and Personal--Degrees Conferred
Local and Personal--Good Templars' Convention
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"We find in the National Intelligencer the following article which should be read by every business man in the country. The Radical Convention endorsed the action of Congress, and what Congress has done for the business interests of the people is thus pointedly and plainly stated by the Intelligencer:"