Consequences of the war.
--An able editorial in the Baltimore Exchange, of Monday last, on the respective abilities of the two sections to carry on the war successfully, concludes as follows:
‘
Whichever way we regard it, the consequences are the same — partially injurious to the
South; but disastrous to the
North.
The South loses little; it spends comparatively little, and is piling its wealth up. The
North loses everything, spends enormously, and stores scarcely anything.
Every day adds, in fact, to the strength of the
South, and diminishes that of the
North.
The war tells alike on the Western farmer, the
Eastern manufacturer, and the New York banker.
The effect upon the former, however, is only temporary; upon the two latter it must be more permanent.
The eventual result of the war will surely be to unite the slave States in one grand Republic, and the
North will then find that its suicidal policy has only served to establish a nation, which possesses not only vast resources, in the growth of staples peculiar to itself, but which has, in addition, every element of wealth possessed by the free States.
The
North will, at the same time, discover that it has separated itself from a country, upon the productions of which it was actually dependent for the prosperity of its largest interests, and for the means of affording employment to its operatives and occupation to its mariners
So long as
Maryland remains with the
North, she must share the fate of the
North.
’