The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-05-26
THE KINGDOM or corroN.
Senator sprague ON the Cotton Tax and
the Condition OF the Country.

On Wednesday last, Senator Sprague de-
livered an address b,fora the Memphis Com
mercial Convention, from which we take the
following extract:
stated in my place in Congress. when the
tax was on cotton, that if it was not taken off
1t would drive sea island cotton out of the
market entirely in couple OF years. tell
come to the rescue soon, cotton will cease to
be profitable article of produce. England is
doubling her product Of cotton in her Indian
sne R;nn and With France is
supply. of cotton in that country, which
is said to be better staple than
the best ever sold in the New Orleans market.
tp.t In brasl they occupy the same position SO
raising Of cotton. We must, therefore, in
crease the prodnce Of our lands so as to sue
cessfully compete with these countries. The
position is alarming, but II shall succeed in
tant matter, I will be repaid Tor my coming TO
Memphis. The country at the present time is
like Spain before it's fall. It had been pow
erfui H. nation. and had complete power Of all
those who read history answer the question.
They will bear me out. This may also become
the condition Of the United States, if
you do not exercise !, more self depend
strength OF arm you may and can
mai tain the situation and avert all this, but I
tell you there is power you cannot control un-
less less yon on. bring power Of sufhcient force and
tai which ia working night aud day. It Is this
that has made England and France powerful.
Aeeore England controlled this vast capital
power she was torn nearly asunder by dissen-
sions: Disturbances were frequent, and she
was always In state Of revolution. The mono-
poly was broken up, and the money is now used
@ 1or the fnrtherance OF industrial objects.
Through this means England has been enabled
fN CONtrOl ~ ~
Englard anarchy is but name, and the House
OF Lords, although hereditary, is also but o
name, and the same may be SAID OF the nobility
OF the untry. Ihe people, from the time I
oft gave us our civil war. II you had had the
power have alluded to, You could hold slav-
cry, but the money power would have been in
the EN- masses. They would have been found mu-
would have been held IN proper subordinat ton.
What, however, has been the consequences I
need not tell ycu--ycu all know. We took our
law from the netherlands. but In doing so we
tIned Sn %aIa me ,aas msonsyesf down. Taose q
ing yon what 10 now portion OF HISTORY.
l did not intend to make speech to en-
when arose It was only my intention to
Snank you sor the very cordial reception you
ne NE greatest st harmony .ould charaoteirjge all
your bsi0n8. I will again say that the mo
SSy ospissi ought to be used for pronot,ng the
Ss sna SuSe@ oonnsT n X. oatyng
keeptng u oncentrased ana centralized. Tflera
20 uanRor 70 9uE nnGncial institutions from this
souEcSs and ~ 10 well known TO me that those
"a 1.s's @et ~no nt, sonsoi sne money are anxious
nasine tne present one TO be, as they wish 10
prosect themselves and their tens os,Cs -
nom me people whom they have crushed. Wa Wa
s Ssin ny eS x0rs ~ called shs
openly ATk u1nG In favor O9 an aynnve sryn -