New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-08-12

The Policy of the South.

AscaucA Miss, Augrst & 1861.
Hon. John Peracns--Deaa Sir: The simple
policy by which the merchant grows rich is to buy
low and sell high. It is in the power of the Con-
federate Government to enable every citizen to
avail himself of this simple method. By opening
all our ports almost duty free to foreign com
merce, it will enable all to buy low. By mailing
Confederate bonds legal tender, it will become
the circulating medium, and with these bonds the
Government can buy all the surplus products OF the
.agricnltarists at full rates, according to quality
say for cotton an average of SIS to $50 per bale
and can get this price for it, with sufficient ad-
vance profit to cover all expenses, including in
terest on the bonds. There can be little DOUBT that
prices now given IN Liverpool, where much cotton
is taken for export aRd on speculation, IS less tnan
its value, and that monopoly will enable the mo-
nopoAst 10 force the price up TO its true value 30
probably OF tobacco, and the surplus sugar, rice.
flour, corn and pork will be needed for the con
sumption OF tie army, and for those who DO not
produce them. Full prices may be given the pro-
ducer, and so much saved from factors ard inter
mediate dealers as to make the retail price less
than generally extorted by dealers. A large mum.
Der OF non.producers will thus be thrown out OF
employment, and driven into productive pursuits,
or the army and navy.
IF, without robbiBg OR taxing the producers, the
Government can, By purchase or resale, command
an income approximating to the value of the annual
crops, it will not only have ample means for sup.
porting itself end the war, but the Government and
the people will have the means also of building
navy, and building up factories of all fnGs. The
plan for building factories suggested last winter,
| in an article which you saw, and which may be
| found in De BOWS Review for March, 1851, page g.
| For building navy all our river steamboats,
should be required to be built SO substantial as to
| be converted into gunboats and war steamers, By
| taking of the cabins and covering them with
steel armor or coat of mail, and supplying them
with cannon and other munitions ot war, which
l
| Government. To encourage the building OF such
war steamers, all steamers not capable OF being
| used for war. steamers should be prohibited py
law under sufficient penalties while those sc built
should be exempt from all taxation, and from
wharf and other duties for surely the protection
they would afford TO our cities, to commerce, to
property Of all kinds, and to our people, would be
full consideration for taxes, whariages, etc. 4
like provision should be made as to all commerce.
vessels on the high seas And, in addition to theil
having the monopoly Of the carrying trade, botl
on sea ami inland rivers in time Of peace, the!
should be held by the Government in time Of war
or be granted letters Of nlarque and reprsal
The armng and steel-coating Of these steamers
would only be necessary in time oi TaT, ant
should be at the expense of the Government. II
ii times of peace. freichts and passage would b,
higher than on the frail boats now in USE freight
and passengers would be much safer, ans river in
suraree abolished as useless. We would thus hay'
home steamers aud manufactures, in which tn
| Government and the citizens would be stock OWL
ers: and the Government, alone, would be able t.
build up good navy for all foreign service.
think, By such development of the wealth an
! resources OF the Government and Of the people, W
=, might defy the hostility of the world, so long a
we are not an aggressive people.
You may think it presumption that priVat
citizen should presume to obtrude his opinions o
matters out OF his vocation. But in the preser
condition Of Government, no patriot Of active min
can avoid intense thought and if his opinions PROV
Of no value, they will be rejected.
| l an with great respect. -