The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-04-08


which gives for the North, per inhabitant,
e2ae; for the West, s2lo and for the South,
per inhabitant, white and black. s415.
But the great source of prosperity to coun-
try are its export values for these not
only indicate a surplus production beyond the
wants of a people, indicating affiuence. but
they furnish a basis of commerce and of
finance. public and private. which bring So
cial prosperity and political power. The ex-
ports Of the United States in the fiscal year
ending on the soth Of June last, had risen to
the enormous figure Of t4o0, l22, 2so, consisting
in part of imported goods re-exported, and
giving net exportati ton of values produced
In the Union, of about $3.50 ,oo0, 900, deducting
the specie Of California from which would
leave about 1925 600, 200 for the remaining sta
pie exports of the country.
Now, it was the sIaveholding States of the
Union which furnished this whole exporta-
ton. Two-thirds of the value was made up
of the exclusive products Of the South, TO wit
Cotton, tobacco, rice, sugar, molasses, hemp,
naval stores-and the rest consisted Of aru-
cles which, though many of them were pro-
duced in the North, We're but equal in amount
to similar articles sent thither by the South,
enabling the North to send of equivalent
quantities of its own production.
"But for the quantities of breadstuffs and
provisions" says Mr.. KETTELL, (Which were
sent North from the South to feed New Eng
land, little or no Western produce could be
spared for Europe, even at high prices. In
this respect, the West is situated like the
English West Indies. There is prolific land
enough to raise abundance for export, but no
labor. The introduction and use of labor saw
ing machines, alone, enables the West to ex-
port at all - and, whatever they do export,
would all be consumed in the East leaving
none to 20 abroad, but for the flour and grain
derived by the latter from the South. Were
1t necessary, just now, we could prove, by
arithmetical and statistical demonstration.
that the whole expectations of the Union
are due to the South, and that that sec
ton furnishes the basis for the whole foreign
commerce and the whole Federal revenues of
the Union.
The withdrawal of the slaveholdng States
from the Union at once strikes down its whole
sHaDem of Federal revenue; and emphatically
ssffne is BURKE's apotbefgm, 1.-The Revenue is
the State" in the case of the Federal Gov
eminent. The Government at Washington
exists exclusively by virtue of the tariff and
the withdrawal of the slaveholding States
from the Union by withdrawing it's entire
and prostrates the Government. Seven of
those States-those which furnish the largest
values for exportation-the seven leading Cot
ton States-have already withdrawn from the
Union. They will Immediately open direct
trade with Europe. They are about to enact
very low tariff; while the North has en-
acted an enormously high one. Two hundred
millions of the three hundred and twenty
five millions of the foreign expectation of the
old Union are thus withdrawn from the for
eign commerce Of the remaining States. The
seven seeding States have thus a resource of
public finance and social prosperity greater
than that Of the whole remaining twenty
seven States. Does Virginia desire to share
the one hundred and seyenty-five millions
left, with the twenty seven uncongenial
States or, adding her own export values,
would she not prefer to share two hundred
and fifteen or twenty millions, with seven
congenial States? 1t is a question between
long division of a small dividend, and short
division of a large dividend.
But the worst feature of this subject of for
eign commerce as it went on under the Union
that has been dissolved, was, that, while the
South furnished the whole surplus for the
foreign commerce Of the country, and there
fore paid the whole SIXTY millions of reven ue
levied upon it by the Federal tariff, the North
reaped the entire profit of this magnificent
trade. The North sold the whole of it in Eu-
rope, and elsewhere on its own account, col
lected the whole proceeds Of it, and then paid
the South back in its own wretehed wares, at
double prices.
The South bought these small wares, "gim-
cracks and haberdashery," in the enormous
amounts described by HELPER in the extract
given from his book the other day and, in
order to discharge the Indebtedness thus crea-
ted, not only allowed the North to collect
abroad the entire proceeds of her immense ex :
portations, but also sent large additional
quantities Of products there, to be credi ted on
the same Indebtedness. The annual account
current is thus stated by Mr.. KgrrELL:
SENT NORTH:
Bills OF Exchange, raw materials, and other pro-
duce S462, $50 ,3S1
SENT SOUTH:
Domestic goods. S24o, 900 900
imported ACKNOWLEDGEMENTS. loo, 900 900
Interest, brokerage, Observation-Disclosures. g. POO 600
southern travellers. So 800 1874
*A62, $50 1874
Such is the footing up Of the long bill of
items detailed from HELPER the other day
Seven Of the Southern States have declared
Independence, have proclaimed that they will
no longer remain in this commercial vassal-