As to the notion of there arising any rival ports, south, to
compete with New York, it strikes us as a chimera. New Orleans
will always maintain a qualified competition with every place not
washed by the waters of the great valley; but New Orleans is
nothing but a local port, after all--of great wealth and
importance, beyond a doubt, but not the mart of America.
New York is essentially national in interests, position, and
pursuits. No one thinks of the place as belonging to a particular
State, but to the United States. The revenue paid into the
treasury, at this point, comes in reality, from the pockets of
the whole country, and belongs to the whole country. The same is
true of her sales and their proceeds. Indeed, there is very
little political sympathy between the places at the mouth of the
Hudson, and the interior--the vulgar prejudice of envy, and the
jealousy of the power of collected capital, causing the country
to distrust the town.
We are aware that the governing motive of commerce, all over the
world, is the love of gain. It differs from the love of gain in
its lower aspects, merely in its greater importance and its
greater activity. These cause it to be more engrossing among
merchants than among the tillers of the soil: still, facts prove
that this state of things has many relieving shades. The man who
is accustomed to deal in large sums is usually raised above the
more sordid vices of covetousness and avarice in detail. There
are rich misers, certainly, but they are exceptions. We do not
believe that the merchant is one tittle more mercenary than the
husbandman in his motives, while he is certainly much more
liberal of his gains. One deals in thousands, the other in tens
and twenties. It is seldom, however, that a failing market, or a
sterile season, drives the owner of the plough to desperation,
and his principles, if he have any, may be preserved; while the
losses or risks of an investment involving more than the merchant
really owns, suspend him for a time on the tenter-hooks of
commercial doubt. The man thus placed must have more than a
common share of integrity, to reason right when interest tempts
him to do wrong.
Public-domain text, read in full here on John Shaqi.
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