The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1861-06-28
Russell OF the Times, at Montgomery
A Change I'm Southern :TOne-.-HOw
Money is to be Observation-Disclosures Of
MarQue.

A Change I'm Southern :Tone---How
Money is to be Raised-.-Letters of
| Marque.
The last letter of the Times correspon.
dent, RUSSELL, which has reached this coun-
try, bears date at Montgomery, May 9th.
The sympathy of the writer with the South
crops out on all occasions. After refer.
ring to the difficulty of communication, and
the war spirit every where prevailing, be
proceeds:
THEY WANT TO BE LET ALONE.
The people of the South at last are aware
that the "Y ankees" are preparing to support
the Government of the United States, and
that the secession can only be maintained by
victory in the field. There has been change
in their war policy. They now aver that
they only want to be left. alone" and
they declare that they do not intend to take
Washington, and that it was merely as
feint they 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 regu-
lated by the preponderance of one or other
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mind that the government here intended to
attack and occupy Washington-not the
least that they had it much at heart to re-
duce Fort Pickens as soon as possible.
Now some Of their friends say that it will
be mere matter of convenience whether
they attack Washington or not, and that,
as for Fort Pickens, they will certainly let
it alone, at all events for the present, mas
much as the menacing attitude of General
Bragg obliges the enemy to keep squad
ron of their best ships there, and to rets in
a force of regulars they can i'll spare in
position where they must soon lose enOr-
mously from diseases incidental to the eli.
mate. They have discovered, too, that the
position is Of but little value so long as the
United States hold Tortugas and Key West.
HOPES OF GREAT SLAVE CoNFEDERACY
They firmly believe the war will not last
a year, and that 1862 will behold victo-
rious, compact slaveholding Confederate
Power of fifteen States, under strong gov
eminent, prepared to hold its own against
the world, or that portion of it which may
attack it.
1 now but repeat the sentiments and ex-
pectations of those around me. They be-
lieve in the irresistible power of cotton, in
the natural alliance between manufacturing
England and France and the cotton produs
cling slave States, in the force of their SIM
pie tariff and in the interests which arise
out of a sytem OF free trade, which, however,
by rigorous legislation they will interdict
to their neighbors in the free States, and
only open tor the benefit of their foreign
customers. Commercially, and politically,
and mitarily, they have made up their
minds, and never was their such confidence
exhibited by any people in the future as
they have, or pretend to have, in their des-
tiny.
THE COTTON STRATEGY OF THE REBEL CON-
FEDERATEs.
Listen to their programme:
1t is intended to buy up all the cotton
which can be brought into the market at
an average price, and to give bonds of the
Confederate States for the amount, these
bonds being, as we know, secured by the
port 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 establish
ment of an empire to the securing of shirt
button. 1t is at once king and subject,
master and servant, captain and soldier, ar
tiIleryman and gun. Not one bale of cot
ton will be permitted to enter the Northern
States 1t will be made an offence punish
able with tremendous penalties, among
which con6scation of property, enormous
fines, and even the penalty of death, are
enumerated to send cotton into the free
States. Thus Lowell and its kindred facto-
the North to the direst distress. If Man.
chester can get cotton and Lowell cannot,
there are good times coming for the mill
owners.
The planters have agreed among them
selves to hold over one half of their cotton
crop for their own purposes and for the cul-
ture of their fields, and to sell the other to
the government. For each bale OF cotton,
as l hear, a bond will be issued on the fair
average price of cotton 10 the market, and
this bond must be taken at par as circu.
lating medium within the limits of the slave
States. This forced circulation will be &C.
cured by the act of the Legis allure. The
bonds will bear interest at the rate of 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 cot
ton exported. All vessels loading with cot
ton will be obliged to enter into bonds or
give security that they will not carry their
cargoes to Northern ports, or let it reach
Northern markets to their knowledge. The
government will sell the cotton for cash to
the foreign buyers, and will thus raise funds
amply sufficient, they contend, for all pur-
poses.
i 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 Confed-
crate States. The Seutherners argue that
by breaking from their unnatural alliance
with the North they will save upwards of
81, 200, 900, or nearly elO,OOOOOO sterling
annually. The estimated value of the an
1 nual cotton crop is $200,OOO.0OO. On this
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