every bale worth fifty dollars, which is the lowest market price it has
been for years past. We shall import a bale of something else, for
every bale of cotton that we export, and that bale will be worth fifty
dollars. We shall find no difficulty under a War-Tariff in raising an
abundance of money. We have been at Peace for a very long time, We are
very prosperous. Our planters use their cotton, not to buy the
necessaries of life, but for the superfluities, which they can do
without. The States themselves have a mine of wealth in the loyalty and
the wealth of their citizens. Georgia, Mississippi, any one of those
States can issue its six per cent. bonds tomorrow, and receive cotton in
payment to the extent almost of the entire crop. They can first borrow
from their own citizens; they can tax them to an almost unlimited
extent; and they can raise revenue from a Tariff to an almost unlimited
extent.

"How will it be with New England? where will their revenue come from?
From your Custom-houses? what do you export? You have been telling us
here for the last quarter of a century, that you cannot manufacture,
even for the home market, under the Tariffs which we have given you.
When this Tariff ceases to operate in your favor, and you have to pay
for coming into our markets, what will you export? When your machinery
ceases to move, and your operatives are turned out, will you tax your
broken capitalist or your starving operative? When the navigation laws
cease to operate, what will become of your shipping interest? You are
going to blockade our ports, you say. That is a very innocent game; and
you suppose we shall sit quietly down and submit to a blockade. I speak
not of foreign interference, for we look not for it. We are just as
competent to take Queen Victoria and Louis Napoleon under our
protection, as they are to take us; and they are a great deal more
interested to-day in receiving cotton from our ports than we are in