New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1862-02-05
The Expectation of Cotton.
; From the Memphis Avalapche,l /

5 From the Memphis AValanche.l lsaz f}4g
We need supplies Of arms, ammunition, nedi-
cines Shoes ciothing, blankets and other articles
for our laborers and army. We want, in word,
to exchange cotton for foreign merchandise. 1t is
essential 10 the successful management of the war;
to the convenience and comfort Of the people. We
need the supplies and we must make the exchange
or barter We have not gotd to purchase the
goods required. The question Of expectation of
products involves on our own absolute wants aud
the necessities Of our army. We advocate policy
which brings goods to our doors, on the condition
that we supply to the importers return cargo in
cotton. A traffic necessary to our own welfare
ought not to be opposed by the Government or the
people and for what reason shall it be opposed:
Because tie government Of the merchant, who
may offer the trade 80 advantageous, has not been
pleased to extend to the Confederate States the
mere courtesy Of a recognition-the extension to
us Of mere ciVity-the saying that we are an
independent people. We would accept and en-
courage the trade and commerce of such nations
from mere selfish advantage to ourselves, and with
no reference to what benefits such parties may
derive themselves 1t is a mere question of trade
and not Of international law. We need the trade
no1vwe can await the courtesy Of nations. 80
What is the recognition to which we attach so
much Importance, and for which we beg at one
breath and U.reaten coercion at the next We are
already an Independent nation. No recognition on
the one hand or the other hand can make US more
or less independent 1t would not add a dollar to
our treasury nor soldier to our array. II the Con
federate States were recognized as an Independent
nation tomorrow, it would III no way aHect tht
question of the blockade of sonr ports. Foreigl
powers require the blockade to be efficient; il ou
Government was recognized, the Requirement
would be exactly the same. In no way would th
blockade be altered by the question Of reeog
milton. With this view Of the subject, we ougli
not to buy the goods we need for the cotton whic
we produce for market Recognition, at most
will only give us the trade which the merchan
offers us withal, upon his own capital and at hi
| own risk. Why wait? The trade, to be sure, in
| wolves hazards, hut the hazards, when taken. b,
merchants, foreign or domestic, for the chances Q
profit upon the exports of cotton and the import
4 Of goods. General laws which legislation canno
abrogate nor sensibly change, regulate the trade
| and commerce OF nations. We cannot place trade
upon any unnatural basis between States, Wlthou
failure Of any good result. Cotton is no excep
ton to the principle or rule that applies to al
| products. True, it is great interest, butlt mus
/ Weld obedience to the laws which regulate com
mercial exchanges. s L, -.
For any object, by any people, any interference
with the natural stream Of trade is both danger
Gus and delicate in operation. Without exporta
ton of cotton, cotton.loans will be serapercal
practice, of doubtful issue, and still more doub
ul in principle. Such operations will be mere ez
pedients, yea, the devicesof small attorneys use
10 the trickery and subterfuges of special peat
ing, rather than the broad views of practiea
financial wisdom Of the craftsmanship Of ntellet
end experience. A wide, liberal and !ntelligib