Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1861-12-03

duct, would suffice; in tee second, one fl
taanth and not until the third would one
tenth be required. Thus, throwing out o.
consideration the debt which We shall fund 8
tho end of this fiscal year in February, which
NAV be some $40, 600, COG. Probably not 81
much. That, however, could be deducted from
the S4o0, 600, 900, and still leave means for th'
prosecution Of the war for three years from th'
lat March next, That ia to Sly, if Ut manage
our affairs rightly we might expect to carry
on the war for three years ct the moderate sys
tenn Of taxation above mentioned, and eneTg'
from it with a debt of only $40u, 900, 0O0-
largo upon any other consideration than these
for which VIC are willing to incur it, but very
small as compared with tho immense results
to be obtained from our independence. Bu'
in point of fact it is rot probable thst the wal
will last half that time or COST half that sum
This Wow Of our resources supposes ina
our internal production is 10 continue without
much interruption, and for this the VAT mus
be kept mainly on the the froat!er or IN I'M
ene.ny's country. II waged upon the scate
suggested, there can be little doubt but tina
this condition can be performed. For the
rest, some new machinery Of ana :
prudent regulation Of the currency will PROB
ably suffice. In looking to these wants VIZ
must not forget that our position, during tns
tendency of the blockade, is anomalous, aho
without tho operation Of some Of the genera
laws of political economy. During the con
iinclnce of this blockade We Shall be nearly
an isolated country, and a people Astounding
in ~interna! resources but wlthou. foreign CON
me!cs. If this condition has its disadvantage
it has also its advantages for it viii not OILY
mako US self supporting during the war, but !
adds to the credit resources Of the Government
by afording facilities which would DO dis'
turbed by tho operation Of foreign exchanges,
if suct exchanges were being mads.
We are undoubtedly suffering much from
tho fact that the existing machinery CT COM
merce Was created for tho Old order OF things,
and has not, yet been adjusted To the ne~. Ihe
routes of internal transportation and ra'lrosd
communication have not w. been arranged Tor
as free an interchange Of domestic productions
in the Confederate Suites es may easily be conc
By > little additional expense and q more sys
t:uatic arrangement of schedules. Some o.
this necessary work can BIZ duns by the GOV
eminent, and the residue ought 10 DC accom-
plished through the ~railroan corporations sno
private enterprise. There ought; 20 be provided
sufioi.u nj means Of transportation ioT the IN
,erehsnge OF the cotton, rice and sugar OF ;he
South for the tobacco, breads.ur3 ana pro
visions OF the Border States, - say nothing Of
tho distribution Of such necessary articles OF
foreign Importation So may fad their way
sometimes to ono port and sometimes TO an
o ner. W. have sirsady ITO through iiaef
from Richmond TO Nsw 0rlesna. one via Lynch
burg and Memphis end The other alohs nc
seabosrd, s.a Wilmington. A third night
be provided by filing up link Q: about 81
miles from DanYille, Virginia, TO Greensboro,
North Csrnlin1. This, which could De done at
once, and with little cost, would give US a third,
that would be of sufficient military ilnPu.tauce
TO justify the Confederate Government. IN cen
cir uctins it. For thus SO should atiil have u
through line ftT tine purposes OF military
transportation, even if the Wilmington or
Tennessee rou:e should DC broken up by the
casualties of war. Upon the Importance Of
this additional through line, in en industrial
and commercial point Of view, 1t would os
super iuous o dwell.
Bu. the present industrial scheme OF pro-
duc.ion will be kept up Or substituted oJ other
employ mentS az profitable, il the blockade
should BIZ continued ior ten years logger. 1t
en- hardly be pref able to speculate upon con-
tingcnc;es SO remote. Still the public mlnd
will find nothing but re assurance IN itS hopes,
and new cause for faith in locking not cniy to
possible, but even to imaginary contingencies
which my be suggested from inc worst
point of view to be taken Of tine csse. Under
tho cid state Of things The enllre annual
production Of the Confederate SL4tes has been
usrd in exchanges for articles imported from
abroad (lnciuding in this term the United
STATES now at wsr with uSl or else accumulated
IN the shape Of fixed and floating capital. Il
by some strange decree OF Providence the Con
fedrrate States were isolated for q century from
the residue Of tho world, the same work would
20 on, not as largely or as prof .ably, but still
to tho extent Of providing 70: not ohly tue pre-
sent population bat for lis Increase. There
would BIZ L new distribution Of ~etnployments,
a change in the relative value or property ia
certain places and Of certain kiats, and 70
some extent agener.l diminution In the crea-
ton Of value in the country, but still the re-
sult on the whole would be Us stated above
With IN insulation ofthese States for ten years,
we might not only reckon upon this general
result, bat also without much change in the
relative value Of property or i'll the e!rcum-
stances of individuals. For the great mass OF
agricultural AID planting production the inter
nal exchanges would suffice. Ths hOlhe de-
.nand for ten years to come would DC enough III
there were proper means Oh transportation lot
the consumption Of the sugar, RICE, bTeadstuil'
and PROVISIONS of the country. 1t would slso,
suffice not only fer everything manufactured
but would create an additional demand fot Such
articles and 10 such an extent as would stlnu'
late enormously this branch OF industry. IN
regard to the articles OF tobacco and cotton,
there would ssen to be more rom 10 lear a
loss Oh the part Of those Eho produce them.-
But even here the means may be provided for
keeping in motion nearly the wiols machinery
Of production. In tho first place, these pro-
ducers might pay their taxes III kind al certain
prices to be fxed by the Government Secondly
the internal consumption vi cotton en- tho part
OF 0 or IL millions of people wcu:d p%rohab'y
a,ucuat 10 half L million Of bales. And thirdly,
bo:h cotton and tobacco WILL keep iar iS" cr
more years and offer safer and mora profitable
opportunities for investment on he part q
capitalists than either stocks or ca. estate. a
capitalist who buys cotton now at eigh: OF ter
cents makes a safer and better investment :Iar
in almost any other large sub ect Of spccuia-
ton. That Eo will be able to get this cottar
abroad without q delay Of rnors than E veal
there can be no reasonable doubt Nor is there
lust cause TO fear tnat when abroad ne will no
be able to sell his stock AZ u large ADVANCE o
price. The same rusy Ua said, with perhaps
not quite SO much certsin,y, in regard to ;o-
oacco. TO encourage. the capitals, however
to invest in this Tay, no mus. have i~ac'litie!
not only ior stnring these articles in sate placs'
within his own control, bur rev must also b'
allowed 10 send them abroad by SEA whenever
nc uay be able TO raise the biocka1e. What
ever hu may give this way (srd bis profits Oh
eSery cargo will be enornOus,) will DO taseE
As e prcsen: instalment of interest which I'll
also BIZ received in still larger pay ments in TIT
shape Of returns for future sales. Why may
re not hope, ihpn, with the aid Of able met
chants, cnterprising capitalists, skil'ful rail
road management, and q just ard Efficient gov
srr,p.pt fn nrea.rre the whale. ciI ri. nf IN,