The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1861-09-20

without stint-the North West will suffer
comparatively little.
How will it fare with the South should
the war be long and so powerfully waged
as to require the Southern Confederation
to keep, say 100000 men, in arms, and if
the ports are strictly blockadedl This is
an important question, and one that can
be answered only from practical knowl
edge Of the habits, resources, and disposi-
tons of the Southern people. Our needs
will be provisions, clothing, money for the
governmental and war expenses, and for
the purchase from abroad of what we ab-
solutely require, and are not already sup
piled with. As for provisions, am salts
fed that this season we are gathering
enough for two years abundant supply.
Every one is raising corn, wheat, and stock.
On this point the South need not envy
the North West. Again, manufactures of
every kind are springing up on all sides.
In this State we are providing for our
wants from lucifer matches and steam
engines to powder and rifled cannon.
Clothing, TOO, though of a ruder texture.
and sometimes inferior quality, is abund
antly made, and easily procured. The
supply of tea and coffee will, presume,
in time run out. This will put us to some
trouble, but otherwise, neither for provis-
ions nor for clothes, will the South be
seriousl ly :nconvenienced. The blacks (by-
the oy, more quiet and orderly now, if
possible, than before) will remain devoted
to agriculture, while the rapidly increasing
demand for home productions of every
kind gives ready employment to the poorer
classes of the whites. What amount of
gold and silver there is within the Confed-
crate States I can only guess at sup
pose about $25,000,0OO. But as the
greater part of our expenses is at home,
any currency we are satisfied to use will
do-whether bank bills, Confederate
Bonds, or Treasury Notes. When we 90
abroad, it must be with gold or with cot
ton. This last is the spinal column of our
financial system. The following is the
proposed mode of operating with it Two
millions, or two and half, of bales will be
.
conveyed to the Confederate Government,
to be paid for in bonds or Treasury N otes.
This cotton will be worth, at ordinary pri-
ces, s100,O00,000. If it can be exported
at once, it is so much gold. fit is retain
ed, it will form the security for any lean
that may be required abroad The other
third of the cotton will be sold by the
planters as best they can on their own ac>
count. The chief difficulty is the block
ade, which may preventive export and sale
abroad ofrthe cotton. A loan on it as
security, while. it is still unshipped, aud
scattered in the interior in numberless
small warehouses, could not easily be eff
,1.s- s4L tlslf. -.T ss- &
tected. 70 s-s g.. t.
Up to the present time, and for six
months more, the blockade, SO far from
doing any serious injury, has, on the con-.
trary, benefited, and will continue to ben
eft, the South, forcing tbs to be active,
and to do for ourselves much that we pre-
ferred formerly to pay others to do for us.
| presume that next January, with crop
of Z, 800, 900 or 100000 bales on hand
the South would become very restive un
der strict blockade. Should it continue
twelve months longer, property at the
South would 60 down, as they say it has
in New York, ID .tar
But before that time comes, another
very serious complication arises-how
England and France will stand the cutting
off of the supply Of ana article on which de
pend two thirds of the manufacturing in
terests of tha. one and. one third of those
Of the other They cannot try they ever
SO much, supply the deficiency. As far as
The feelings of England are concerned, and
| presume, those of France, too, both ia
tons are decidedly and bitterly Anti S!a
very; but neither will be guilty of the
mistake of the North, and utterly sacrifice
vast interests for the sake Of speculative
idea. l. they find that they cannot do
without Southern cotton, they will inter-
fere, first probably to make peace, and if
that effort fails, then in such other man.
ner as will secure for them what will be a
necessity. Mr.. Stewards letter to Dayton,
and its reception in Europe, the transport
ta,ion of troops to Canada, and Admiral
Mines declaration as to the insfficiency
OF the blockade, are straws. already show.
ing the possible course of future events.
Is the Federal Government strong enough
for war with England and France, in
addition to that with the Southi
One ether warlike course remains-.o
capture and hold all the Southern mort.