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

| @ AjCEuCA, MSS, July ~, 1851.
| Hon. John Perkins:
| Deal, Sir-The Confederate Government has
wisely laid an embargo on the expectation Of cot
! ton through the ports of the United States. 1t
| should, i'm my opinion have laid embargo on
all exports from the Confederate States except by
the Confederate Government. The United States
Government proposed at one time to levy duties at
sea on imports into the Confederate States. Why
may not foreign nations capitalists, by collision,
pay export duties to the United States for the
privilege of passing the bIockading squadrons !?
Agents of the French Government are buying up
tobacco in the Richmond and New Orleans mar
kets, at depressed prices of the blockade. Evil
IDENTIFY it is intended to force the blockade, to run
the blockade, or to make terms with the enemy.
| It NAV be the mutual interest of foreign powers
and of the United States to keep up the blockade
Prices of our exports will be SO depressed, that
the United States and foreign capitalists may each
derive great profit, through collaslon, to continue
this war upon our commerce. But if no sales are
dNopea or an embargo is laid on expectation ex-
cept by the Confederate Government, no such col
fusion can be successful. If We cannot have free
and protected trade,5 ali our exports should pc
withheld from sale, until the necessities OF Euro
pean nations compel them to recognize our indie
pendence and to force the blockade, and come for
our exports. It is one OF the highest duties OF the
Government, both to itself and to the citizens, to
enable them to realize the full value of all pro-
ductons 1t should not allow the United states to
tax Ms in any way for the maintenance Of this in
famous war; nor should it allow foreigners to pros
per on our misfortunes. If all the cotton made
were consumed by fire, it would not be more
calamitous to producers than to consumers. Let
us, them by embargo, secure full prices, or make
others feel the blockade is as calamitous to them
as to us. ...n
If the Government would take the tariff, prices
now given in Liverpool as a standard of value
according to quality or neness and like taritf Of
prices in the French nlarket for tobacco, could
obtain these prices, If it held monopoly of these
staples. 1t could then appoint agents to class the
cotton and tobacco with the agents or factors OF
the producers and could give these prices, abatiDg
costs and the export tax: mus Woulo me Govern
rnent maintain successfully defensive war in favor
of commerce. .,r
II England can, with public debt of $500OC0
600 to 81, 200 900 900, keep sound currency at
home, and her commerce and manufactures in
unobstructed, successful operation-if she can
maintain the most powerful armies and navles-
surely we can successfully defend the liberties and
the commerce and agriculture OF our country, if
the Government and the people mutually sustain
each the other. Measures should at once be
adopted to enable the Government to give prompt
protection to the planting interest II we cannot
get baggiug to wrap our cotton baes, we cannot
bale our cotton lest it invite Invasion great distress
is inevitable, not to the producers Of cotton only,
but to the consumers everywhere. Neither can
we afford to let the growing crop remain in the
cotton-h0uses for year without risk OF loss. But
battlefield, a united and determened people; and
as we have plenty to eat and to wear, can bear
it, if we can supply the Government means Of
maintaining the war. / am sixty-fve, and never
did I know the people so united, so harmonious
and so considerable of the wants of the poor. as
they now are. Perhaps it was for this, that God |
has sent upon US the affection Of war. Patriots |
now cherish no personal hostties. We know not |
but each may have to stand shoulder to shoulder |
until we fall in defence Of the country. This will |
truly be the field of honor. -, |
II has been said, it will not do to make bonds |
that have twenty years to run legal tender, al
though they bear eight per cent interest, payable
semi annually. I see not why? They have per-
manent value, bearing good interest, they will |
be more sought on change than bonds at a shorter
date for Investment of capital The fact Of their be-
ing legal tender will give them the value Of specie
for all purchases or payments, and they will be
valuable to the creditor to whom they are ten
dered in payment, as to the debtor who tenders
them in discharge of his debt The only consider
alton is, whether these bonds are based on perma-
nent value and undoubted good faith 1t scarcely
ess probable that gold and silver will cease to
nave value, than that Government will not keep
is faith, or that the agricultural products will |
cease to have value.
! am, with high respect, -, |
RICHARD r, ARCHER |