Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1857-03-05
Senator Toomb's Plan.

extract from a late number of the
Cincinnati Enquirer, tells the tale Of
the necessity for such Legislation on
the part Of Southern States as was
suggested in the memorable letter
from Senator Toombs to the recent
Savannah Convention. So long as
the South is willingly stupidity, to
continue to surrender what should be
her owl. legitimate profits from her
superior advantages: she almost de-
serves the return in the hourly IN
fcreasing intensity and prevalence Of
abolilionism, which she. is reaping.
"A single Southern Legislature has
but 10 make the move on we'll ma
tured plan-say South Carolina
to have all her sister Southern States
carrying outsthe same policy within
five years. The reader will perceive
that the facts set forth in sheextract to
which we refer are such as to Justify
a very different tone towards the
South, from the North, than that
which pervades the Northern public
mind, if the Northern opposition
press affords a fair criterion on which
to base a judgment in the premises:
According to the report Of the
Secretary of Treasury, the exports
of Southern products for the year
1856 amount 20 $l53 ,583,095. -
These exports are carried abroad
chiefly in ships which are made and
owned at the North. II is estimated
that the freighton these products will
amount to S11,000,OGO. Now, these
exports are paid for imports which
are received in the proportion Of
twenty dollars in the Northern cities
to- one dollar in the South. OF
these imports the South is the prin-
cipal consumer TIE Northern job
Der, or distributor buys from the i'm
porter paying him, Of course, his
profits and tho interest for credit Of
four aud six months. The jobber
10 return, sells to the. Southen mer-
chant, receives his supperadded pref
it and interest for eight OF twelve
months. Now, all the cost and ex-
penses Of this complicated and ez-
pensive process are paid by the
producer, who'is also the consumer.
T son the amount Of the exports
from the South alone, it is estimated
that the profits of The North are not
less than 80 per cent, of $4,000
900 per year. = ''i'
"This is only one item of the prof
It's which the North makes out OF
theinstitution which it so bitterly
denounces. 1917"
"The amount of cotton alone we
have not the statistics Of other arti.
Giles of Southern products---sen'
! to Massachusetts from the South
is returned intbe shape of fabrics o.
the value of $36,GO0,000. Besides
the South also gets from the North
or through the North, all the straw
hats, every other article Of clothing
planters tools. plows, shoveis, spades
boes, saw and grist mills, cotton gins
and sugar mills Of every kind.
"Now, a country is said to be
prospecting when she exports moje
than she imports: provided her PEG
pie are making more money thar
they expend. Applying this rule te
| the South, if the return of her ex.
ports were received by her, and the
articles needed by her were manu-
featured at home, her income aud
aecumulations would be very large
But she is, in truth as to the North
in the relation Of the artisan or IA
borer, who struggles on for bare ex
Iistence, while the jobber and seller
of The product of his skill and labor
gets rich rapidly. The profits of thu
operations of exchanging the exports
of the South for these fabrics, al
flow intothe pockets of the North
ern people. Boston makes three dol.
lars outof every babe of cotton landed
on the levee in New Orleans, for one
that may enure to the latter city
First, it is carried abroad in ship
made and owned in Boston; sec
ondly, itsyalue is returned 10 goods
which are sold by Boston merchants
and the freight on which is alse pait
to Boston ship-owner; and all tht
cost of this operation fall upon til.
cotton producer and consumer"
The Murfreesboro. NeaOs very cor
reclly says ae :.
thousands who have heretofore ac
ted with the know nothing party nov
! II \ 4