SOUTHERN AFFAIRS IN SPECULATION.
The Preservation of the Union a Great Blessing.—To Let 541
them “Secesh” would have been National Suicide.—How
Immigration has Assisted National Prosperity.—Rescued
from the Dynastic Oppression of European
Governments.—Showing Good Fellowship towards the
Southern People and Aiding them in their Internal
Improvements.—The South, Immediately after the War,
had Greater Advantages than the North for Making
Material Progress.—The Business of the North was
Inflated.—The States of Georgia and Alabama Offered
Inviting Fields for Investment.—Issuing State
Securities, Cheating and Repudiating.—President
Johnson Chiefly to Blame for the Breach of Faith with
Investors who were Swindled out of their
Money.—Revenge and Avarice Unite in Financial
Repudiation