New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-06-24
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! Interesting:
A"ST'T%J, sTIr:3 ctfT ct 2r ~ TZ G
IN my last letteE gave an account Of such mat.
ter3 as passed under my notice 9n my way to this
!Y c;Y "ach reacEed, as you are aware, On the
the and is on fire, the earth is shaking WITH the
tramp OF armed men, and the very air il hot with
passion My communications are cns off or at best
accidens&i, and in order 10 REOPEN them must get
furtAer away from them, paradOxcaI as4he state
ment mag appear to be. It is impossible to kno,7
"hat Is gong on in the Ncrth and it is almost the
same to learn what is doing in the Soath out Of
eJeshot It i3 useless to incnre what news is sent
TO you to England. The telegraphic conynunica
tions are nov broken, 50 are the MAJ routes
Newspapers and letters now and then reach we'll
known people here from New York in six or seven
days. Events Aarry on with Sgemendous rapidity
and even the lightning lags behind them.
The people of the South, at last are aware that
the " Yankees" are preparing to support the
Government of the United States, and thas the
secession can only be maintained by victory in the
neld. There has been change IL. their war policy
| Fhey now aver that :" they only want to be left
alone and they declare they do not intend to
taf7 washington, and that it was merely as a fent
fney spoke about it. The fact is there are even in
The compact and united South men of moderate
and men of extreme views, and the general tone of
the whole is regulated by the preponderance of
one or the other at the moment. | have no doubt
the Government here intended to attack and oc-
cupy Washington not the least that they had it
much at heart to reduce Fort Pickens as soon az
possible. Now some Of their friends say that it
VIII be mere matter CT convenience whether they
attack Washington or not and that as for Fort
Pckens, they will certainly let it alone at all
events tor the present, inasmuch as the menacinp
attitude OF Gen. Bragg obliges the enemy to keen
squadron OF their best ships there and to retain
a force OF regulars they can i'll spare in a position
where they mtst soon lose enormously from dis
eases Incidental to the climate. They have dis
covered, too, that the position is of little value so
long long as the United States hold Tortugas and Key
They firmly believe the war will not last year,
and that 1862 will behold victorious, compact
slayeholding Confederate Power of fifteen states
uhoer strong government, prepared to hold its
own against the world, or that portion of it which
may attack it.
now but repeat the sentiments and expccta-
tons OF those around me. They believe in the
irresistible power 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
ont OF system OF free trade, which, however, by
rigorous legislation, they will nterdict to their
neishbors in the free States, and only open for the
benefit OF their foreign customers Commercially
and politically and militarily, they have made up
their minds, and never was there such confidence
exhibited by any people in the future az they have
or pretend to have, in their destiny.
Listen to their programme:
1t is intended to buy up all the cotton crop which
can be brought into the market at an average price,
aud 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, will use it
as formidable machine of war, for cotton can do
anything, from the establishment of an empire to
the securing Of shirt button. 1t is at once king
and subject, master and servant, captain and sol
der, artlleryman and gun. Not one bale of cot
ton will be permitted to enter the Northern States
1t will be made an otense punishable with tremen-
dous penalties, among which confscaton of pre-
perty, 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 reduced to ruin it is said, and the North to the
drest distress. II Manchester can get cotton and
Lowell cannot, there are good times coming for the
mill owners.
The planters have agreed among themselves to
hold over one-half 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, bond will be issued on
.o faii average price Of cotton in the market and
this bond must be taken at par as a circulating
medium within the limits of the slave States This
forced circulation will be secured by the act of the
Legislature. The bonds will bear interest at ten
per cent and they will be issued on the faith and
security OF the proceeds of the duty of one eighth
OF cent on every pound OF cotton exported All
vessels loading with cotton will be obliged to enter
into bonds or give security that they will not carry
their cargoes 10 Northern ports, or let it reach
Northern markets to their knowledge. The Gov
ernment Will sell the cotton for cash to the foreign
buyers, and will thus raise funds amply sufficient
they contend, for all purposes.
! make these bare statements, and ! leave to
political 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
ST 600 600, nearly Gl0O0O Geo sterling annually
The estimated value of the ANIMAL cotton crop is
5000 100000. On this the North formerly made Mt
least fl0,000,0O0 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
revenues sufficient for the maintenance Of the
ant pt tln
less than that which s required by the Government
of the United States. The Confederate States pro-
pose to have tariff which will be about I2l per
cent on imports, which will yield $25 0O6G 900.
The Northern tariff is so per cent, and as the
South took from the North so 900 900 of manufac.
tured goods and produce, they contributed, they
assert, to the maintenance OF the North to the ey-
tent OF the difference between the tax sufficient for
the support OF their Government and that which is
required for the support of the Federal Govern
ment. Now they will save the difference between
30 per cent and l23 per cent, Q79per cent? which
amounts to $37 900, 600, which, added to the saw
ngs 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 their manu-
tacture, and they hold out to Sheffield to Manches
ter TO Leeds, to Wolverhampton, to Dudley, to
Paris, to Lyons, to Bordeaux, to all the center of
English manufacturing life, as OF French taste and
luxury, the tempting bats o! new and eager and
hungry markets. If their facts and statistics are
accurate, there can be no doubt Of the Justice of
their deductions on many points bat they can
scarcely be correct in assuming that they will
bring the United States to destruction by cutting
off from Lowell the 600 bales of cotton which
she usually CONSUMES.
One great fact, however, is uQue3onable-the
Government has in its hands the souls the wealth
and the hearts OF the people. They will give any
thing-money, laoor life itself-to carry out their
theories.
:" Sir" said an Ex-Governor of this State to me
to-day, sooner than submit to the North, we will
all become Subjects of Great Britain again" The
same gentleman is one Of many who have given to
the Government a large portion of their cotton
crop every year as free-will Offering IN his in,
stance his gift is one of 800 bales Of cotton, or
$4,000 per annum and the papers TEEN with ac-
counts of similar "patrotsEh and devotion.
The ladies are all making snndbags cartridges
aud uniforms, and, if possible, they fierce
than tho men The time for mediation is past if i;
ever were at hand or present at all, and it is
scarcely possible now to prevent the process OF
phIebOtotazation which are supposed 10 secnre
peace ana repose.
TuEsRAY, May 7, l86t.--The newspapers contair
part of President Davis, and of the issue of letter
Of marque and reprisal, etc. The object of thu
war measure is to leprecate the value of the ship
ping of the North, and to prevent the vessels OF The
| United States commercial marine getting cargoeS
! abroad. The Government here conceive they have
| q right to demand from foreign nations that the
flag shall be recognized, and thar law olicer de
| clarcs the Confederate States will maintain thei
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