The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1869-06-02
Senator spraeuo on the Cotton Tx and
the Condition of the Country.


On Wednesday last Senator
Sprague delivered an address before
tho Memphis Commercial Convention,
from which we take the following OK
tract:
81 stated in my place in Congress,
when tho tax was on cotton, that if it
was not taken off it would drive Sea Is
land cotton out Of the market entirely
in couple of years. I tell you, my
southern friends, that If you don't
come to the rescue soon cotton will
cease to be a profitable article of
produce. England is doubling her
product Of cotton in her Indian pos
sessions, and, with France, oooperat-
ing with tho King of Egypt to raise
large supply of cotton in that country
which is said to be o bettor staple
than tho best ever sold in the New
Orleans market. In Brazil they ocou-
py tho same position; so that we are
to have many competitors in tho rails
ing of cotton. We must, therefore,
increase tho produce of our lands SO
as to successfully compete with these
countries. The position is alarming,
but if shall succeed in urging you to
take some steps in this important mat
ter, l will be repaid for my coming to
Memphis. The country at the present
time is like Spain before its fall. 1t
had been powerful nation, and had
complete power Of all the West In
dies but where is she now2 Let
those who road history answer the
question. They will bear mo OUT
This may also become the condition
of tho United States, if you do not
exercise more self-dependence. You
imagine that by your own strength of
arm you may and can maintain the
situation and avert all this; but tell
you there is n power you cannot con-
troll unless you bring power Of suf-
icient forco and strength against it,
and that is the money capital which
is working night and day. It is this
that has made England and France
powerful. Before England controlled
this vast capital power, she was torn
nearly asunder by dissensions. Dis
turbances were frequent, and she was
always in state of revolution. The
monopoly was broken up, and the
money is now used for the furtherance
of industrial objects.
Through this means England has been
enabled to control one-third Of the
trade of the globe. In England an
archy is but name, and tho House of
Lords, although hereditary, is also but
a name, and the same may be said of
the nobility of tho country. The peo-
pie, from tho time I have referred to,
have prosperod, and the want of it
gave us our civil war. If you had
had tho power I have alluded to you
could hold slavery, but tho money
power would have been in the mass
es. They would have been found
mutually aiding each other, while the
black man would have been held in
proper subordination. What, how
ever, has boen tho consequence I need
not tell you-you all know. We took
our law from tho fatherlands, but in
doing so we turned the moncy-leaf
down. Those of you who have read
history know that am telling you
what is now portion of history. l
did not intend to make speech when
| arose. 1t was only my intention to
thank you for the very cordial recep.
ton you have given me, and to OK.
press the hope that the greatest har-
mony would characterize all your de-
libcrations. I will again say that the
money capital ought to be used for
promoting tho best interests of the
country; for carrying on the trade
and building up the country instead
of keeping it. concentrated and cen.
tralizcd. There is danger in our Fl
nancial institutions from this source
and it is we'll known to me that those
capitalists who control the money are
anxious to get stronger Government
than they imagine the present one tc
be, as they wish to protect themselves
and their ill-gotten gains from tho peo.
pie whom they have crushed. W.
have even now in New York pape,
called the Impcr,alist, established 70,
tho purpose of openly arguing in favor
of an empire. They wish to strength
en- thoir ill-got.ea power, and control
as they are now doing, business, socie
ty, and the Government, whom the,
have as completely under sub
jection as ever domestic negro was II
white family previous to tho war.
THE RECENT SauALL-REcovER,
OF THE BopIEs OF Mrs. DOUGLASS AMI
HER CnILpREN.-Y osterday morning
the slcop Malta, an account Of tn,
wreck of which was given in Monday
Courier, was towed up to Wander
horst's Wharf by Captain Slattery.-
As soon as she was righted pumps
were set to work and the water pump
ed from her hold, and the bodies O
the unfortunate lady and one of he,
two children were found amidst lo
of furniture, orockery, &c., will
which tho cabin was luml 0 ed. Th,
bodies were conveyed to the resideno,
of Mr.. d., tho Coroner notified, nj
inquest held, and verdict Of deatl
by accidental drowning returned
| Charleston News.