November 20, 1857
In the Refuge of Oppression column, from the Richmond South, comes an article which says, in part: “As Southern men, we look with great equanimity upon this financial revulsion. It will tend to elucidate the great problem, whether the North or the South is most dependant on each other. We have had elaborate essays from Northern authors, stuffed with statistics, to prove the dependence of the South upon the North…..The present crisis will show that the slave labor staples of the South will furnish the means of extrication from commercial indebtedness….”
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