The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1842-04-02

side have drawn gloomy picture of the.
condition of the South, and declare that
the prices of her great staple are lower
at Il he present moment, than at any other
period since the " ar. Andyet theycome
here, and notwithstanding the depressed
condition Of The South, ask her To give
them still greater advantages at her ex:
pense. In his examination of The exports
of tile South, he would confine himself to-
The three great staples, cotton, rice, and
tobacco. The aggregate value of the cot.
TO S20l 100000. The value of that ex.
ported from 1884 to 1s4I, amounted to
S435. 900 900; the excess of the latter Pc
riod over the former, being S234,O00 ,OOO.
heing an increase IT'S per cent. III rlsht
wears, On that single article. The aegre-
gate value Of rice exported from le26 10
1884 was, in round numbers, 81 6.O00,0O0;I
and the value "f that exported from 1854
to lS4I, was Is, 800. 10000, brihg Q sdimliles.1
ZION If nearly mili"n. and this Was the
nnlv article lha, had fallen off. This was
to- be attributed in part TO lis being carried
into the interior by railroads, and IN part
IN The diversion of the carltal emlloyedsi IN
irs production, 10 the culture of epttnl,.---Ss
The exports of tobacco from lS26to 1875.
amounted in value to $4,000 900; while.
those FROM 1884 to 1s4l amaGtnfei 3t0
s5SOOO, 900. the excess being SlS,O0O,OO0ss
or 43 per cent. This increase of snutflern:
exports was attributable to the reduced
duties on the prnducls Of France aud Ger
many. The aggregate gain to Ihe .souli,ts
ern States, of the one period over the 9th;
or, was s25l ,OOO, O,On0. ami the increase per
annum was S35, ,S07000, in the three emu.
merarcd articles. He then demonstrated
by the prices of The various years that the
increase Of profits to the S"nlh, of the lat
ter period over the former. amounted tn
1888. .0OO.0O0; and he thought that even
this was far below the truth.
He then proceeded 10 an examination of
the causes of The present embarrassmrnts
Of the country. This he traced to tine
tariff act crlS2S. By this act the exchan
grs we've turned in favor this country; the
banks relieved from the apprehension Of
foreign demand for specie, expanded their
issues. By the general use Of their notes,
the legal currency was driven from the
country, and We were compelled to Ii
oIGdaiion al a moment when our means
are placed beyond our reach. The Sena-
tors ON The other si,,' mistaking effect for
cause, call upon them l." go over the same
ground again-,o revive the exploded sys-
lem of proleclion-inr exploded it was,
not only in this country, but in England, /,
in the minds If snme of her most d.slin-
guisher s,atesmen-to be followed by the
! same disastrous results which we had al.
ready experienced from The. stimulating
process Of protective tariffs. The naIinn
had drank until i, had Became dead. and
now, when our nerves are ull uHslrnng and
trembling. instead of acting the par. "i
wise physicians, and prescribing total alb
slinenct, we are told to drink, drink, drink.
The Senator from Kentucky. as a clinch.
er to the whole Of his argument, had told
them that cotton vas never lower at any
period since the war. II has been recent
! iy stated, on undoubled authority, thai
cotton sold at Fayetteville. in 1921, as low
as five cents. He would. however, take
The tables Of quantity as we'll as price,
which both enter into value, sand see how
il bore out the Senator's statement. The
value of the cn,lon crop ofls3l was $780,
600 600; that of lS4l, S63, ,450. 900; an in.
crease of value Of 27,7OO,000. The ag.
gregate value Of che cottouexported from,
1919 to 1926, was S55,500,0 ,000; during
the next seven years, which were years at
protection, from le. 6 10 1884, the agsre.
pate value was but SO, 900 900. n falling ofl
during ,hr nex seven years, from 1884 ,o
IS4I, which were years Of descending till.
ties, lheaggrrgatr value was s7s,33S,O 1000,
being clear Increase upon The prrcee.t.
ling seven years of 25.375, 900. He then
prncerdrd to examine the effects of the
two systems upon the tonnage nf Charles
ton, which were equally favorable 10 free
tra' e. having gradually diminished andrr
the protective system. and increased under
the descending duties until in 1886 it was
hie her than il ever was before, since which
il has decreased II Hllle in consequence Of
our financial ernharrassments.
Having shown from data taken from Off
cial documents. The immense advantages
we had derived from our limited approach
to Tree trade, did he imagne that il would
produce any effect on gentlemen oi, the
n,her s;Ie7 Mo not the least. The inter.