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SOUTHERN DEBTORS. – The pains taken to assure the commercial public that Southern merchants intent to pay their debts, are superfluous. Any buyer, of sound credit originally, of ordinary honesty, and present ability, will find nothing in the present relations of the two sections to dissuade him from an honorable fulfillment of his obligations. The dishonest may, of course, plead the political crisis as a reason for withholding payment ; but were this pretext wanting, another would doubtless have been found, and the result would have been precisely the same. The Southern States, of course, share in the embarrassment which the actual panic communicates to all the States. Doubtless, in the shortness of its crops, and the fact that they have not reached the market, the South is still more severely cramped than either the North or the Northwest. But these causes are temporary ; and as they disappear, Southern remittances, we venture to predict, will come forward with their usual promptness. No more damaging aspersion could be cast upon the South, by even the malicious ingenuity of Abolitionism, than to charge its merchants as a class with the design to defraud their private creditors, under pretence of public wrongs.
