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The Daily Dispatch: July 2, 1861., [Electronic resource], Death of
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Economical Independence and Wealth of the South. The impending crisis to the commerce and manufactures of the North is beginning to make itself manifest to those who have any faculties of perception and of reflection. The fallacies of Helper's statistics are no longer fashionable. Such a singular exposition of political economy as the following from that foolish rhodomontade is no longer gospel: "Any observant American, from whatever point of the compass he may hall, who will take
s and of manufactures on a credit which is never paid, there is not a Northern merchant or producer of any kind but would be glad, with the return of peace, to sell to the South twice as much of Northern products as he ever sold before.
Even Helper could not deny the magnitude of the Southern consumption of Northern productions, and yet he was absurd enough to argue that the North should destroy the South by an aggressive and agrarian invasion of its social institutions.
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