Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1864-05-19

49,. $780, - = - -
boiy can understand 1t a. glAhCei and everybody
vii he wiling to trus. Government which has IN pros
D,,, sueh an income. The'e will be no speculation
.hout The matter. Il sill rest the solid basis Of
u,,,sr,sl vea,h and specific lien Al fear Of repu-
attn will be banished, because the transaction will
a..rme the form Of a pc tive coatrso II the bonds
into the hands Of foreign holders foreign Govern
oep,s would have the right to sea 10 the fufment of
the terms Of the contract Under the proposed system
of legislation, these bonds would be eagerly sought
after in Englnd and France, and the Governments OF
those countries would be jVsi6 d. by the law OF Ma
tons in seeing that the obligations Of the Confederate
Government we're faithfully performed. Our own cit-
zsns, knowing this fac would feel perfect confidence
in the bonds held By themselves, "a they could never
be placed on a worse footing than foreigners.-
THIS export duty would furnish an ample fund, not
only ios the payment Of the interest," but for the grad
ual REDEEM ton of the principal 1t would also, relieve
Congress from the necessity of burthening our own
people with heavy import duties and oppressive direct
taxation.
Let US nov enquire where the burthen would falf
Experience, during the war; has proved that other
country can come into competition With us in regard
TO cotton tobacco and naval stores. These are, all
articles of prime necessity which the outside world is
Obliged 10 Lave. The market is under our control.
Heretofore wo have been furnishing them to foreign
nations al prices not much oxcsediug tina cost of pro
lcton. We should now profit by the lesson We have
learned during the war Europa aud the United States
are nov obliged to buy our cotton at so and 80 cents
per Mound and tobacco and naval stores proporionae
prces Why, then, should we, 10 the future, sell then
AZ ope-teath Of the prices which find can be obtain
ed There has been nothing in tho conduct Cf the
United States or OF any other foreign government to-
ward u.s. in the struggle in which We are engaged that
entities them to any peculiar favor at our hands Every
nation of Europs has displayed the coolest indifference
% our fate and for making the NEST of the ad.
yaatsges that nature has given US. We are for COM
pelEng foreign governments to pay, to the utmost
fsrthing fer all that We sell to them; aud We would
take especial pleasure in forcing them TO pay in the form
of EXPORT duties, the cot of the war which have
bstn compelled to wage in achieving our Independence
Our first duty is to ourselves, and We ought 50 to
shape our policy as to make the burthens of the war
fall as lightly as possible on our own people, and to
transfer as much Of them can to the shoulders Of
other people. When the is over we will need all
our internal resources repair tho devasahons OF the
potracted contest and would be but fitting retr-
button, if those who Laugh at our cAlamities and
mock when our leaJ eometh," should be made to feel
that their seishness had brought upon themselves
heavy and permanent load of taxation, 10 the form Of
our export duties.
Let il net be forgotten, that when sell our bonds
in foreign markets, increase the number Of those
abroad who have an in crest il Independence The
holders Of the boLds will know that their best security
for ultimate payment is in II 6y millions
of our bombs were now in the hands OF English and
French capitalists hszrd ltl5 lRsaying, that Their
influence would be sufficient under existing circum-
stances to turn the scale in favor AID seeue for
Us recognition, if not material aid.
Let no idle and uafounded apprehension that
planters and producers will be burhened by such tax
deter Congress from vigorous action on this subject
Situated as We are planters viii not pay dollar
Of the export duty. 1t will come exclusively, out OF
the pockets Of the consumers II had to enooun;e'
spirited competition with other producers in the mar
kets Of the world there nigh: be ground for ap
prshension that the burthen might fall to extent,
on our own people. Bat it s knoEn to every that
have almost monopoly in regard to the subjects of
the proposed 1pOrt duty. No other country sue
cessluy compete with US 10 their production This 10
manifest from the fact, that, whilst the supply cut
of by ths blockade Of the Southern States, Gotten,
which formerly sold for eight or ten cents now readily
brings in the markets Of the world from eighty to
hundred cents. Surely, when there is such wide
gin between the cos. of production aud the market
price, tax in the form of export duty, may safely
be laid without endangerng toe interests OF the pro-
Queer. If this measure be adopted there will be 10
difficulty in making sale of the Government bonds to an
amount necessary 20 maintain armies IN the G6ld