The Port Gibson herald, and correspondent., 1851-07-11

w AHe lOioWlay SenSiDe, pTacticat ah0
well-timed article is from The sCharleston (S.
CO Evening News 1t isa happy reply 10
Rhett's theoretical efforts on the same subject:
UNION OF THE SOUTH In the line of argu-
ment we have pursued, we have supposed, in
case of secession by the State, the entire
blockade by the government of the port OF
Charleston. We have attempted to show that
this must diyest us of a large share Of our ex-
port and import trade, Cor the benefit of Sa-
vannah, placing US, in fact, in commercial de-
pen6enee on her. Let us now take what is
apparently the more favorable. supposition.
Let US imagine that the whole of our COM
meree with the North, and our export trade
with Europe, are unimpeded, blockade being
limited to our import trade with Europe. The
same results must attend secession as we have
inferred from the formal interruption of our
entire trade
Our export trade forms 4 network of mer-
camille operations and postal facilities. Our
exporting merchants could not get our staples
to foreign markets without advances from our
banks. Our banks could not make those ad-
yances without arrangements with Northern
banks and Northern houses for the sale Of the
European exchange they purchase and the
Northern exchange they sell. The shipping
merchants could not mature their negotiations,
here or at the North, without those mail facili-
I ties which enable them promptly to advise their
correspondents of their operations. The with
drawal of this bank accommodation and these
mail facilities would compel their removal to
Savannah. Mobile, or New Orleans. Although
our cotton forms the basis of exchange--the
final fund which is to liquidate all liabilities
arising from the purchase and sale of our sta
ples-st the mercantile capital by which the
transactions are affected, seldom or never re-
sides where these transactions take place, in
their inceptive state The produce, if bought
in Charleston and sold in Liverpool or Havre,
has to pass through the process which finds
the instrument of sale and purchase in mercan-
tile capital or credit belonging to or derived
from the North. Without this aid the clumsy
and operose operation of purchase of our
staples by means of specie, would, in great
! degree, be Sesorted to. The superior ease of
+, negotiating, of advising, of shipping these sta
| Piles through Savannah or some other Southern
| port, would be so obvious that the removal of
our merchant exporters would be inevitable
| The effect would be substantially the same as
direct interdict on our export trade to Europe.
But it may be alleged in reply that direct
intercourse with Europe by means of our own
enable us to effect all that is now done by
Northern shippers, capital and credit Now
that takes too largely for granted that Euro
pean bankers are willing to ente. into the same
arrangements with the Charleston banks, after
secession, that Northern bankers are while in
the Union This will prove a fallacious hope.
There Is nothing TO which European capitalists
are more averse than monied engagements with
the Southern States, even while united in Il
confederation. How much would that aver
sion be quickened, in case of secession. we
need not bring TO the notice of those who have
truly interpreted the signs of the times. Sup
/ posing all apprehension Of this kind removed
4 what possible motive could Liverpool met-
chant or a Manchester manufacturer have for
sending his orders to this market, when there
! is an adjoining one offering every purchasing
and shipping facility, prices as low, easy me-
gotiations, unimpeded ingress and egress,
! Charleston could offer no commercial or mari
! time facilities to countervaiI evena partial block
ade. Neither the British shiY-owner, having TO
enter his ship in ballast; nor the British banker,
who looks TO political quiet as the leading eIe-
ment in his operations, nor The British mer-
chant and manufacturer, whose orders are reg
ulated by the one simple consideration of facile
and cheap markets, will be induced to step into
4 the position, out OF the Union, that the North
ern banker, ship-owner and merchant, is ill.,
! ing to occupy while in the Union. 1t would
follow that foreign commerce in our staples
would be subjected to all the disadvantages of
circuitous trade, through the commercial and
/ shipping ports of our Southern rivals. No
political legerdemain could stage off this result.
! No spell that is supposed TO reside in State
sovereignty, exercised separately. could charm
to us those who look to nothing bnt safety.
profit and quietness, as the true foundations of
commercial intercourse. eieHr
How, then, we repeat, with our foreign trade
thus crippled, the very spring of our income,
public and private, measurably cut off. is sys-
tenn of Internal taxation that augments the
burthen at the very time that the means of
discharging it has lessened, to be sustained!
How, when our imports come higher and our
exports yield less, in consequence of tortuous
and impeded commerce, is the fund for domes-
tic taxation to meet the charges of u separate
State establishment aea a