Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1861-03-27
THE CASE STATED--HEAVY TAXATION IN
THE Seeding STATES THE ADvANT-
AGE OF REMAINING IN THE. UNION.

The SECEDlNGs STATES THE ADVANT-
AGE OF REMAINING IN THE UNION.
The following extract fror a communication in
that excellent paper the Bs fillmore american, states
some facts which are Gale ulated to open the eyes of
the people ofthe Border states to the disadvantage OF
secession, while they o4nnot fail to convince every
impartial reader of The immense advantage to the
Border States OF rev naming in the Union:
From populaf ION of two millions OF free inhaol-
tants they have to raise as minimum, revenue
of forty millions of dollars, perhapsmore Ihey DE-
gin by placip, tariff of ten per cent on all imports
other than provisions 1t is obvious that the amount
of imports of all kinds cannot exceed the exports
which fer these States do not exceed 100 millions,
while one-haf the imports are free goods Allowing
three per cent for the cost of collection, this tariff
will yield net revenue Of little over i've millions
Of dollars; leaving thirty6ve millions to be provid
ed for by direct taxation. 1t is said that they pro-
pose to charge duty on goods passing through
their territory by of their railroads and rivers
to the United States beyond; but as unquestionaby
the United States would collect their own duties like
wise, along their own frontiers, the double duties
would soon deprive them Of this source OF revenue
Their railroads and rivers would be deprived OF
large amount Of inland trade which they have hith
erto enjoyed from North Carolina, Tennessee, Ken
lucky and other States, which would pass to VII
mington, Norfolk Baltimore and other United States
ports
export duty Of 1 of cent per pound on cotton,
which they propose to increase to one cent The
effect of this will be to increase the cost of cotton
one cent pound, and will yield revenue of four
teen millions of dollars only This necessarily comes
out of the pocket of the consumer or the producer
If it comes out Of the producer then it is bonus to
the planters of North Carolina and Tennessee and
Arkansas (who, being in the United States, will have
no export duty,) Of one cent per pound on every
bale Of cotton they can raise or send to market IT.
on the other hand, it falls on the consumer, then
the New England manufacturers using the Tennessee
and Arkansas cotton will have protective duty as
against the English Of a cent pound on the raw
cotton in the market of the world. 1t will be suf-
Gent to give New England the control of the China
market, to which she already sends goods in COM
petition with Great Britain to the extent Of fifteen
millions of dollars 1t will act as a bonus on the
production of cotton all over the world.
In 1860 the supplies of cotton from other sources
then America was about one million of bales A
bonus of cent pound on this would be nearly four
millions of dollars-a very pretty inducement to
stimulate the growth of cotton elsewhere and lead
growers to increase their quantity and engage in new
enterprises for its production, until gradually the
almost monopoly of the market will be lost to the
Confederate States. 1t must be evident to every
body than an export duty on cotton added to heavy
taxation will drive the producers of cotton in the
Confederate States to seek other homes and other
congenial soils on which to bestow their labor
Mexico, Nicaragua and Central America, where labor
is cheap and soil and climate suitable, would soon
be peopled with emigrants from the Confederate
States while they, impoverished and weakened by
taxation and the loss of population, will become as
CIPHER among the nations of the world, and will
see the control and protection of the new colonies
the new gardens for cotton-pass into the hands of
Great Britain France and the United States all then
equally interested in raising an independent supply
of cotton.
revenue therefore from export of cotton is self.
destruction; ten per cent duty imports, if con-
fined to those of the Confederate States, of avail
and nothing remains but direct taxation-and it
cannot be but that forty millions of dollars raised
from population of two million souls or twenty
dollars for each man, woman and child will startle
the pockets of the most sanguine.
Fancy Baltimore, with its two hundred and fifty
thousand inhabitants, forced to raise government
tax of five millions of dollars year. Who would
live here? And yet this is what the Confederacy
must come to, unless indeed they can seduce the
2opulous and wealthy Border States into joining
them and footing the bills. The cry Of the polit-
clans to the people has been "secede, secede."-
Withhold your cotton from market Cotton is
King, and by the first of April it will be worth
twenty-five cents pound" What has been the ef-
feet: King Cotton only rules over his subjects as
long as they can use him to profit and whereas
the very turmoil confusion and stagnat:on Of bust
ness, consequent on secession, has made the profit
to be made out of him doubtful for some time to
come, his subjects have ceased to come forward and
on the oath of February, in Liverpool middng cot
ton-instead of bringing twenty five cents pound
is refused at thirteen to fifteen, with every appear
ance of decreased demand. But it is not only
stagnation of manufactures which has caused this
extreme depression. There is o deeper and more
lasting cause.
About fifteen millions of dollars are laid out eacl,
month in Liverpool in buying up the stock of cotton
as it arrives. But the threats Of demol,shing the
Union. Withholding and not growing the cotton. the
seizure of Government property, the appropriation
of Government funds in the Mint the expected state
of confusion, anarchy and civil war, have seriously
affected the minds of foreign manufacturers and cot
ton brokers, to the reliance they may place a
supply from America in future. In consequence,
they straining every nerve to ensure future sup
plies from elsewhere. In doing this they have, in
January and FEBRUARY, withdrawn fifteen millions
of dollars or thereabouts of the capital usually in.
vested in the stock cotton and have RENTED it to
India. in gold, for the purchase of cotton there,
whether successfully or not is no longer the ques
ton. 1t has diminished their means for holding
stocks of cotton in Great Britain is shown by the
scarcity of purchasers for that which is there fol
sale.
King Cotton bids fair to follow in the course of his
brother King of Naples.
In January the shipping in New Orleans was AZ
per cent less than in the same month of 1861 L
will fall off more and more.
Then how natural it will be that enormous presen
taxation, with prospect Of heavier in future ant
diminished means to meetit, will make the merchan
and the planter, the poor man and the rich, lool
back with regret to the good old times of the glor
ious Unon for which their fathers fought, bled ant
died. but for which the sons have refused to live
Then will they see, or their wives and their chill
dren will make them see, that the hackenyed cry o
Southern rights, was only the war.cry of disap
pointed politicians. That partners in the Union
they should have claimed and insisted on their right
| in the uninn and MT like Esan have traded au a,