Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-06-23
OUR WAX FOR INDEPENDENCE.
Irresistible Power of COlfon-Letters OF
Marque and who will Take Them.

COltOn-LStlcF8
Marque and who will Take Them.
We make the following extracts from Mr.. Rus
SELLS letter to the London Times, written from
Montgomery on the Sth of May:
now but repeat the sentiments and expectations
of those around me. They believe in the irresist-
be mower of cotton in the natural alliance between
manufacturing England and France and the cotton
producing slave States in the force Of their simple
tariff and in the interests which arise out of sys
TEN of free trade, which, however, by a rigorous
legislation they will interdict to their neighbors 10
the free States and only open for the be1ent OF
their foreign customers. Commercially. and polt-
caly. and nuilfGry, they haze made up their minds
and neuer cas there stch confidence exhibited By any
people in The future as ley haze, or pretend to hare IN
their destiny.
Listen to their programmes:
II is intended to buy up all the cotton crop which
can be brought into the market at average price,
and to give bonds Of the Confederate States for the
amount these bonds being, as we know, secured
by the export duty on cotton. The Government,
with this cotton crop in its own hands, viii use 1t
as formidable machine Of war, for cotton can do
anything from the establishment of empire to
the securing of a shirt button. 1t is at once king
and subject, master and servant. captain and sol
der. artilleryman and gun. Not one bae Of cotton
leiu be permitted TO enter the Northern SleS. 1t Will
be made an offence punishable with tremendous
penalties among which confscation Of property.
enormous fines, and even the penalty of death are
enumerated, to send cotton into the free States.
Thus Lowell and its kindred factories will be re-
duced 10 ruin it is said and the North to the direst
distress. If Manchester can get cotton and LoloeH
cannot there are good times coming for tte mil oloners
The planters have agreed among themselves TO
hold over onehaf of their cotton crop for their own
purposes and for the culture of their fields, and
to sell the other to the government. For each bale
of cotton as | hear, a bond will be Issued on the
fair average price of cotton in the market, and this
bond must be taken at par circulating medium
within the limits of the slave States. THIS forced
circulation will be secured by the act of the Legs-
Iature The bonds will bear interest at ten per
cent and they will be issued the faith and secu-
rty of the proceeds of the duty of one eighth OF
cent on every pound of cotton exported. All YES
sells loading with cotton will be obliged to enter in
to bonds OF give security that they Will not carry
their cargoes to Northern ports. or let 1t reacn
Northern markets to their knowledge. Inc govern
ment will sell the cotton for cash to the torelgn
BUYERS and will thus raise funds amply sufnclent,
they conLend for all purposes.
Imake these bare statements, and leave to po-
liticaI economists the discussion of the question
which may and will arise out of the acts OF the
Government of the Confederate States. The South
erners argue that by breaking from their unnatural
alliance with the North they will save upwards OF
S47 900 600, nearly 9l0 0OO sterling annually.
The estimated value of the annual cotton crop Is
$500 600 00O On this the North formerly made at
least $4,000 goo by advances. interest and ex-
changes which in all came to fully five per cent on
the whole of the crop Again. the tariff to raise reye-
nues sufficient for the maintenance OF the Govern-
ment of the Southern Confederacy IS far less than
that which is required by the Government OF the
ITnItsd States The Confederate States propose to
have tariff which will be about l29 per cent on
IMPORTS which will yield SIS 200 600. The Northern
tariff is 80 per cent and as the South took from tne
North $4,000 900 worth of manufactured goods
and produce they contributed, they assert TO the
maintenance of the North to the extent OF the df-
ference between the tax sufficient for the support
of their Government and that which Is required for
| the support of the Federal Government. NOW they
| will save the difference between 30 per cent aud
I25 per cent IT] per cent? which amounts TO S5i'-
600 00O which, added to the saving on commissions,
exchanges advances, etc. makes up the good round
| sum have put down higher up
The Southerners are firmly convinced that they
| have "kept the North going by the prices they
have paid for the protected articles OF ther manu-
fscture and thew hold out to Sheffield to Manehes-
ter to Leeds to Wolyerhampton to Dudley, to Paris
to Lyons to Bordeaux, TO all the centres OF English
manufacturing life as Of French taste and luxury,
| the tempting bats of new and eager and hungry
markets. If their facts and statsues are accurate
there can be no doubt of the justice of the deduc-
tjons on many points, but they can scarcely be cor
| rect IN assuming that they will bring the United
States to destruction by cutting on from LoWeh te
coo GOO bales of cotton which she usually consumes
One great fact, hol5sUer, IS u1gueSs'o'saoe,
Gouey7asSt has IN is hands the Souls the a5sdtth ana
he hearts of epeopIe They aoilgre dnything-noTey
| labor, life itself--to carry out their theories
"Sir.v said an ex Governor of this State to me to
dsv "Sooner than submit to the North, we will all
become subjects to Great Britain again.. The same
| gentleman is one of many who haves given TO the
| Government large portion of their cotton crop
every wear as a free will Offering In his instance
his gift is one of 500 bales of cotton, or EQUIV per
annum and the papers TEEN with accounts OF siml-
| lar patriotism and devotion.
| The ladies are all making sandoags, cartridges
l 10 hoy ri
than the men, The time for mediation is past, II II
ever were at hand present at ali, and IS scsrcely
nossible now to prevent the processes OF phieoo-
| tomzation which supposed to secure peace anu
repose.
tion of the state of war on the part Of President
Davis, and of the issue Of letters OF marque and
| reprisal &C. The object Of this war measure 's to
depreeiate the value Of the shipping OF the NORTH
and to prevent the vessels Of the United SeaIes com
1 mercial marine getting cargoes aboard. me 1oV
ernment here conceive they have right to demand
from foreign nations that their flag shall be recog
nized and their law officers declare the Confederate
States will maintain their right to issue letters o.
maraue in the face of the world. Ii is the right OF
a belliperent power, and 1t was respected trey say
nv the courts of law in the United States IN the case
of the South American republics before any lorna
recognition of their governments or OF their lnde'
pendence was made by any power. Inc reIusal tI
admit the privateers of the Confederate Staies tC
| exercise Iile TlSulS VI ~
search will be taken as an act of war, and as {
proof of alliance with the enemy that IS the Gov
ernment If the United States. 1t need hardly be
observed that the protection of British interests
demands that an efficient squadron Of vessels be a
once sent to the American waters in the face O
such contingencies as win inevitably arise.
But itmay be asked, who will take these letters
| of marue? Where ia the government of Montgome
ry to find ships? The ansaoer is TO be found IN tn
fact that already numerous applications hare been re
ceired from the shipo0ners Of NeW Enqand from tn
srhaEers of Nec Bedford and from others in the Nor
terl States, for these oery letters Of narqlle, accom-
panied by the highest securities and guarantees
This statement make on the very highest suthorl
ty, l leave it to you to deal with the facts.
England and the Lincoln Government.