New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-14

S425 100000
It viii be seen that one-third Of the estimated
xcess is credited to the increased tax on cotton
n another part of his speech, however, Mr.. Morrill,
stimates the augmented receipts from the cotton
AK ut 500 400 ,Oo0--based on an anticipated crop
II 2 100000 bales-and a total revenue from this
source of $4,000, GOO. The arguments by which
the imposition of this enormous burthen on
single branch of industry, are justified, are GER
tafnly very remarkable. We are informed by Mr..
Morrill, that the tax on manufactures will be far
less productive than last year that the receipts
from incomes and dividends, viii be much re-
dueed; that the aggregate of import duties ought
to be diminished, not by lessening the duties,
but by making them approximately prohibitory
and that the receipts from miscellaneous sources
will be very light. Thence it is deduced that
compensation for these losses ought to be made
by increasing the tax on Gotten. 1t seems never
to have occurred to this sagacous economist that,
if it was necessary to supply the presumed def
cheney, it would be more Just to distribute the
resulting burthens among various classes and &C.
cupations, than to concentrate them on one branch
Of industry. Again, he tells us that if we
retain the tax on cotton, as proposed, we can
safely release other taxes to the extent contem-
plated by the bill.n From this it is plain that
one object Of the proposed increase is to favor
the manufacturers, and the corporate monopolies,
b. transferring burthenss from them to the great
agricultural interests Of the South. Moreover,
the plea Of necessity il oveTuled by the confess
sions of Mr.. Morrill, himself, that his bill will pro
duce surplus of SIS ,oO0o 300 over the estimates
Of the secretary of the treasury. remission of
the whole tax on cotton would still leave an excess
=, al 4I,,4+ :.
tually no financial necessity for the proposed in
crease Of the tax on cotton. The motive for i'm
posing it must, therefore, be sought in other in
fuences; and the nature and operation Of those
Influences it is not difficult to discern.
: It is the determination Of the congressional ma
iority not only to reduce the South to condition
of political vassalage, but likewise to a state of
commercial and industrial bondage. The restora
ton Of the Union, in the view Of the New England
politicians, means the acquisition of the right of
sectional majority to govern the subdued section
absolutely at its own viii and pleasure-to make
that section and its people the objects upon which
their yndictive passions may be gratifed and their
favorite schemes and experiments be tried-and
the resumption Of the right to tax Southern indus
try for the benefit Of the grasping manufacturers
of the Eastern States. Indeed there is something
admirable in the simple righteousness with which
this determination is confessed in Mfr. MorrilPs
speech. Nothing can exceed the grace with which
he says that portion of the anticipated increase
of the revenues will be counterbalaneed by little
favors distributed all through the amendments' to
the billthose little fayors consisting Of various
privileges purchased by Northern capitalists by
means of judicious logrolling and traffieking Nor
can we sufficiently extol the candor with which
the country is informed that while the "political
citadel at Washington is guarded against the
dangers Of any insidious treason from any quarter.
there is to be drawback on manufactured cotton
" Of all the taxes actually paid in any form.n To
be sure we are told that this drawback is allowed
entirely By way Of justice and generosity to the
South, and that it will rebound principally to the
benefit of the Southern and Western States To
be sure we are informed that the Southern people.
when once they have become accustomed to the
tax on cotton, will be the last to surrender it but
we must confess our inability to see the point
Eels may possibly set used to SHINING hut we do
not believe that they ever enjoy the process. The
South has, certainly got used to being taxed for
the benefit of New England but we do not think she
will ever olamor for it, The advertisements used to
tell us that children cry for Sherman Iozenges,,
y q lIS v VI my Y6Lg UOE even
the most nfantle and tractible that cried out for
taxation Nor do we think that the South will
perceive much reality in the following picture,
which Mr.. Morrill, draws Of the marvellous bene-
nciai effects OF his tax Of five cents pound on
cotton:
Surely, If the entire cotton crop of the United
States, save what we consume, could be exported
in manufactured state, or eyenin a particularly
manufactured state, instead as exclusively raw
material it would be an end worthy of d states.
man, covering our country with blessings and
wrongng no man-woud do much toward extIn.
gushing resentment and restoring kindly feelings
throughout the land. The Southern coastand t6e
banks Of the Rio Grande, the Mississippi The Mo-
ble, the tennessee and the Savannah would soon
be decorated and enlivened by factories giving
employment to thousands, and bringing the culture
aud contentment, the social life and comfort ofI
organized industry into regions where hitherto
qsetni industry has worn the badge of dishonor
me Saving OF ireightage and in the cost of food
VIII secure at least handsome profits possibly
large profits, to those who may engage Ill the bnsi
ness, With prosperity human nature is rarely dis
posed TO make war Make the South progperons
a III Ms make them onr friendsN With freedom for
- aiiu WIN speh measures as will induce them TO
a MoIk, tthey may become prosperous, and that
thtoush tne policy Of the National government.
hut u ~. alorrN actually thought that if anv
sueh consequences would ensue--if he really h.
lieyed that cotton manufactures would sprinr mn
AZ oyer the South to compete with those of New
England, and to work up the Southern staple he
weud propose to tax cotton not FIVE cents Inf
fwenty cents pound in order that the cotton
cultare IN America might be totally DESTROYED. and
thus the New England factories be enabled 70 r..
tain their monopoly by ele importation ST FOREIGN
eot9on Tree from duty. What he wants is 10 Keen
ne crop ior New England; and that is intended 70
be the effect Of his financial measures. New
England first; New England last: New Englan5
all the time-thati is the spirit Of the policy which
Is now pressed onthe country by the congressional
majority. The South has rights il i frne. Int
only the right to be governed and taxed for N,e
benefit Of New England an inestimable PRIVILEGE
perhaps but one which we have not learned 10
at the estimate placed on Il ~ he
lolitical saints and sanity politicians who control
he legislative branch Of Che government.
The commissioner Of agriculture, at washington
az discontinued the distribution Of flower SEEDS.
aFlHg exhausted the stock on hand
a Gre which destroyed tie depot Of the Fifth
treet Railroad Company in st. Louis, on the al,