carolina watchman wkkkly vol xix salisbury n c october 14 1861 number 44 l j i-iiu-nkr roh *.*>!' i'l.'ll'hi ior the southern confedbrcy l/s i 0mmkrc1 l and financial ; ini»;ti'i;n!)|-:ncj - in a large [] pace i ute follow ing able iol ler ; -.. o v nicholsou lato i nited i ■■ from tonui t so and edit r ol ' it under the at itiiti tra '■■ lent pien .-. notwithstai ■ ; full before as i tli oommeii ih'inl ■ i lenoe ol the south id t > one to tb whole , and the it ol mr niehol on 1 1 •■ . -• t most i i ■ yet written ■..--. '■ - n ilil i i independ tho important step to relieve ourselves . . . a i ■ to the north •; south which has not only . il ; si i-'i ' us bul lm in a tni j ! the .-' l-i liatice ol our pe iple _ ■ i - .' .■ .'■ aud wealth of i x •" . . i to this end the admirable argil s ...... i is calculatt 1 to eu triici and direct the public tniud i ;--..•: ne fail to read it r htr ond exa . . • r f t polii ial in lopeiidenc-i ol the uonli . , slates is nu accomplished fact their n by ' ii i raited states h-tigland e « ould no make the res dt mot c • . - rreversible soulier or inter such ■ ■■<■ .'• ill be nmdc — but it i ..: we become politically indepetid • . 0 ■ rn govei nment — ouf whole cured until our comnier , . .: mcial independence is fully aii'l ■ tan • iy establ ilu i } . re kii ■.._ .. u few days ago lo . '- i your paper for coi lam ob . of tlie state ily ' ... thai paper w to bow our en • i po iticn ' independence 1 ;.. w ask j iu to repeat yoar kindness und allow ne ' - .' .''• s nne views ihat l in nam ll ■ .. ir/e o j-'iit'tuciai iiitiei'-ud -.- ... tiie i illteuerate slates ': ■'.••. bubis ias cotiatitutcd tliejchiei uur political iudepeudeuce the ._ t of cherish ig ov the uni m a ci t diid . le t.'l lent f thinking and t as a palladium ol our ; i and l di mc i f en a suspicion t it eould in any . ■ tut i ie abamiuued i . i . i ■ ot a ngth ol \ . t nal ii '■• an i u yer could have beeu - - . ng traiu oi abusi .. . uug invariably the same . ' •■■■'• ■ nu uiiuation aud tend ug y to a ... potism lot • .: ■■ • difficult toot . . . • the 1 ni it but looking l i detail if is readily seen th ■• . is ul the united stati - have t iiun - liure ul iis belli fits j | . ihat tertain porti i md p iwei lul by trading uj portions the v i ■■ . " oitions hav than col mial tl ■ -. so lar tii least . s fit in . i intore - have ..- i in the progress of tb i i one ul tli se poaitiuus ii ■ "'*• i -■ immerce i •: 17tj when it was inn r ipt a by ' .■ il , between t i >■ iloti • ■ . ... country to llie present time i issiblc vi tw of the l'i i - .. whole t . - ' • -..-■■, i 1 1 1 o lb • - - : ii • irts -,.-■'.'- ■ i . in aa : ■ a .' i 1,27-1 . - -. ■ n ■ june 30 ! t>l oui hairpins producl u ill ju conniricfl ami ox : it-e hundred ' the amount i i for wu ' a ■ ■ . f mi . ■' is uppa • uul ' t . i nl'-i lul es bn tin iuatle - ei itv i lhe i . i . ■ ■ i u i two ■■\-. . -; ; no ul it be ru an u7,3 10,1173 er coin .- i i.l.13,173 md irts n 1800 tbey . . ,. i if this amount !!"' official tables show that there wes itu l-ille.l into southern porta 140,685,368 iui northern ports 321,580 "'"' a . at facl that oughl to arre i southern mention although the south l"o.lu''e.t i.n exportation and actually exports frotu iter port largely over two hundred millions or dollars wortli ol produce yet ol ""'-- tor which they aru exchanged abroad 1 ihaa one-fifth of the amount tne back through nr own ports she resi aav p k through northern ;> but ti musl be borne in mind that wl tin south exports irom her own ports largely ovei two li u ml red millions worth ol produce es not export this produce in southern ■" s cvciltllg ,,| tl.e.-e expol 1 go ( abroad in northern vessels thus liirnishmg the northern capital vested in tout-age the round profit ol twenty millions a year made i"i iroighting southern produce t foreign mai k i do not write this as a subject for com plaint noi in ii is legitimate for , ber capitalists to build vessels and to n iii carryin ■ our ] ! a t.i market hut win ii we become commercially independent : wo shall have to provide our own means or i portatiou ll wa mam tain tliat indepund ence | nor do i ii ite tlie fact tbat mn hundred ' and sev cut eighl iiiilli ms ul the ;• oda im - i excliange fo southern protiui te uro jht i u through noi them port or l lie purpo ii making it the suhject of con p i ul a.-.i..is tm no tli the tact however is tm purtuiit ... i .. ti ,! us a sli i wahow dcpoudciil i been up ii lbe noi tb for mosl i tbe net -.- uud loxm ies i ir vv i our products bave been exchanged we bavo been content to fu nl i the pi odti and then to depend noon northern capital and enterprise lor converting it into the ■>< ds which we require in exchange wo cauuot , i unplain il w e have ui macnlud to i ly ou tern mt ti as o ir lactors aud ageul -. in carrying on our foreign trade and in fun ing is wilh goods tbey have amassed im mense fortunes in thus transacting our busi ness and we bave been satisfied witb our de pendent eouditit u li the bave tii.tii e twenty millions inuu ailj .:. the <\ ay i ll s on our produ is u europe aud twenty millions mote fn . in bringing back thc goods for whicb iuey were i-xiti ii'-t il and thirty million more __? profit on the goods was brought back and sold to our retail initeiiatits we have submit ted to 1 without niuririutnig ami do hul now bring it up for any oilier purpose i to sliow ! • iw , . ■ ' t an t ial ■ u tl v .- have .,. ■■ i :. the course of trade w i mm bit i tbein to make annually ■-. venty mil lions .'. a i a ii agents and factors it ' . i v tu require comiuout thai i uiuiilal tliai worked this machinery ol trade bud beeu owned iu ihiltiinote cbarlestou new orleans till ■ ;:.,::. i -.- pi nits ili tead ol building up boston new york and philadelphia would have contributed to building up great southern citiea it is equally - lhal il wc enipl •> i ur i iwn men and means hercal tor iu managing our i n tra le we shall have southern cities rivalii a tin ise ol tbe n n it s out o be : that all ol tlie bur ■ ' . • ,. - i tbe .-• . i are exported to i . rn countries i ul rtunaiely for accura cy i .; stateun ut we have not the lata on which to exhi i i tt poi lion ol our pro . lets w hich i sent d to thc north exchange lor northern products wo know tlmi rn ■ ut * 00 bales ul our - ul ion — i .... , rtb al luiit i iriy tnilli ms ol dullai - are : j cai ly l-i ni vv i i and .. e km w nany otb worth in ipon millii ii • : i • -. .:' a . ! ' . i .■ .■ i lot n pr lu ts but oi tbe i gate ttiiiouni we cau i ily form an estimate a vol y a le and . i liable noi tliern wi t l k . •: . ■ . . esq al tei caret ul invt ligation expn i lln opinion l hut tbo sontb scuds annually to lhe north produce to the v.il te ' 1 : wi ' i nln imiii nisi uf ii a in : - ■ um to be reliable tlie ac will is : iooi no ili i n | .. irl . iii ex lor j i 8->6 a 1 1 e'toduce senl u ., north ... i.uou t uil a i.s.«05 150 .', '.-. e bu llie north us vvo sell there the truth bet tt ■ is don tl " ■ v ' '• ' i!i y if i was a , ii on tenn - mutually benelicial i dttuiie in in i'ii i u pt-i iiy uol only in tlie lull i llll ol iti pal lb i hav ■■ . . rse ol ' rail ' ; '■'■''' '' ' ts in ni wa rudvan the noi th an i ! eyon i nil ipm . , , mt and control ue at 5 ni ■ iiiiluenoo ol ■ , the i \\ o set tion i ir not n iw ci iti : e polic " live of p 1 tho i i ;.-., : ligbl •' r l^i il '. n 800 the dtil ds impot t 1 t;i n h ,., i pel ' ";- ' >'■ ihi '»»•' :'' ' ue , ... i in ii j ■ ii for southern pi ' : twenty-three millious of revcuue aud the lal ter thirty-two millions it thus appears that ihe smith contributes three-filth ol tl e reve nue from imp its onl yet n in an undenia ble i'a.'l tliat in lhe ii.-l.ur..-n..-tit . i tin reve in . ai i i i thn e fifth ire expend d iu thu north li such is the unequal operation ol a revenue tariff it would be difficult to estimate ' the injustice of the protective tariff now in operation in the northern i vei nmei urn 1 do not note this inequality in the op eral ti ni the tat iff policy in under to com > plain of a ; the law mvi tin advantage to the n lli and the _ oi .... being a law abidin i people ubmitted to the iujustiue vt ith complaint the fact however is useful in showing the dependence ol the sontb upon the nortb tiifie jj nnother feature in the opernti n of the t.n ii polio whioh deserves special alien tii m 1 have shown thai the south bin - ul thf north about two hundred millions of goodi annually in addition to the amoutil re ceived from abroad through northern ports in excliange for southern products exported to ibn ign countries tl peration ul the l-n ili |> lie ou the prices we bave to pay for i this additional two hundred niilliona ol north . em e u is exactly the m.i as upon the like goutls imported from abroad it inert es the in i - to the cuusuniei - of tl e j ods at the rate of twenty per cent under the ! revenue tariff of 1857 nnd ol thirty to forty > p i ni uiuli-r ilu t.uuli.r 1800 under the revenue tariff the additional cost to tliu southern comsumers would be sixty mill uus annlially including tariff uud fn ami with the protective tn i me liiv 1 1 one bimdr*ed millions annually as onerous and unjust as is tins annual imposition t sixty tnillit - upou suuthern cousiuupt-on we can not i iin of it i au . il is only i ili utal ; u tection lanutttclurc l lhe north from i revenue tariff bul when mi int i swelle i to . lit ■■\- < me luin dred millions under u prote ' ve tariff it be ines n subject f it just complaint wa iu.it ii w recapitulate the substantial benefit derived b llienutth irom the oowrae of c miuii icial d alinga i itabliehcd bi twi eu the two ections the following figures ex hibit the anuunl pn fits made b the north up on southei n pt o lucts : for freights t antl fvoifl europe ? 10,000,000 f ir profi - on loreigu importod g - ds sold to soiilliein mer clxauts 30,000,000 for itu reuse i tariff pi ices on northern manufactures sold to the south 60,000,000 total profits l't 000 v ir op rtm ty ol realizing annu illy i ■ i-e.tie pn n ot one hundred and i1 ons mi southern pi du lhe north is i i ti d .... i nly to lhe union these profits i ,. u pet ii ...- ■ ■ ■ .■ ,.| cotmnei ial trade between the north ai i south which has been ilat t and fobtcred and protec ted by the legislation of tne union from the beginning of the government as rich as the north is now she was once very t ■ !<■ she was blessed by the union with tl.e south her people made :\ living by st i il i ing small ves els tu llie wist india islands la len with fish beef butter pork po i j i il -. appli -. cabbages onioi a ■-. fhese.ar the sold fur money which they carried lu b-iiglund who bought their goods return i . b tlie way of tlie african coast cat cl or buying negroes and uriuging lliem ba . tile t.i ibe southern c ui -. they - or nothing i i export whi t thcs ml e 1 mies had t lai • u plus of expoi is ovei their imports when thc uni m was l irm d tl constituted the great busint ' tli ■ north in immediately procured he passage of a law granting u drawback on lish <■ equal to the s>upposed quantity ofsaltused i was on changed liir a law grant i tt v ii ti seld engaged in iin i shcries and ibis bounty bus been continued to the present tune its immediate ellect was t.i tulutc the building ul vessels whilst the itics derived from the pul in v swelled n oi thcrn capital tin se ,, in i i : ■ aggregate to ino i i thirteen millions i i tlollai -. uf which the le of massachusetts have received two i .• tlnin eight tnilli ins a i ng t i heat lh itain exei ii ii . .-. er in r colonies the north co iti not pete with the mother i hade but so soun i '• nion v as - icti n was rt i .- j,:i il giving large eucoui n r mein lu .• ilonists to embark in thai •-..'-. north was nut sluw to taku advuiici tl . juvs ani iin i field for profitable cntet e was at lhe un i time i ipened up through lbe op .. tii m of the tai iff law • v i • h al l attention tho whole country was dep mi i on < in-ill britain for manufactured gi i .- *■ irth aw imm that if nianu , i ml i be built up at home thc pr ti-ui lurnisbed by the tarill law would aivc n a \ irtual inoiiopoh ol ie d mi -; i i rude in inanulii tun . _ in > ■- ' v els to tc raw matt i it w ..- producetl - - tbey hud i u iwer lo driv •■ the ">' imti accun . capital in the i ican slave i rade aud now tlie taritl laws gave them large atlvan . g in ci up ling w ith lanufaul ures i ... re wa u trong d i • . renilei i ; , a i!i itain till ii in was greatly str ugthened by tl ivnee ofthe vtiit with great britain in ik12 the north oagefly availed beraell ol these ta «^^— _. i i__--_me ■— g—ajwiriii rwim _■_■__■_ m i¥_r vorablf circ imstam ■ - imi embarked largely in i titu ml n mu t in lt vv as tint i ! iiii i ill to pro rut i ii protective legislation a the north claii tt ie n ory and the bank of the l'nite.l stai •> was more than willing to con , tribute lecilities for raising the capital ne.-ui-.l for enabling the n'.nili to tlo'tfce mahufaotiir for the whole country the bank with ii 1 1 in in scattert'tl through all tho stales played ii mosl important part in enabling the north to establish that course nf commercial nn i im in inl trade whicb resulted in the ac cumulation ni imineiisu wealth aud which fixed the dependenco ol lhe sou tli upon the north thi course of trade became so firm ly i.i li in .| i el'ore the bank wosovcrthrown nn i ili iiv.'li pioieet i e policy waa modified that tli north has since had bul little diffi culty in ni tiuiii ig its ii-ei-n ili-m-y it t not in the power ol figures to t onvey to ibe mind t correct idea t.i the advantages , which ih nortb ha.*1 enjoyed over the south , under the influence of the various laws wliich bave stimulated and controlled the employ ment ol capital many southern men saw nn i pretest , i against the unequal and unjust operation ofthe system of i is>lation which was iui hine oue section al lliu expense ul llio other they struggled lo reaial the over wbelmiiijr power that wss combined hgainsl tliem bul tbey strupgled in vain all they got for then lul i is the bitter denunciations i tilt north us ho lie restless i inili lllst y — soutburn men imgafred iu commerce had no power iu siiiml up a*_>inat tho combined force i of northern capital wielded by munulhctur ii yr and banking corporarftms and fostered ami pit.teeteil by all llie power ol the uuion all tliey i i i ws to nbmit to the p iw t th t . uld not control ami plide into the t-eoi trado whicii had been ibe tixeil litibil ul the count ry itlsnoisnrprfslng hial : e i iint ti.'.-s lln north in nine l icli • il uipi'i-nie ihat the south vte able to endure the heavy exactiotis witliont be aomin • absolutely impoverished — nothing : ii n.iw more chpariy theteal aapacity of tlie south to bf i in thoricht t people hi the i ti-oilil than ti facts wbi.li we have detailed ' hithi :' • the south lias done little else thau protlrioe capital for the north to trade upon . we have produced annually over four hun dred millions nl raw materials which bave pasted immediately in£o*t lie hands of nortb ern enpitalrs ts and constituted the bans ol the wt-alth which they have extracted fr'oin ihpm li has been shown how tbey have j made an nnnual profit of one hundretl uid tinny millions iu freighting our prouuet ie turuiyg tbein to us in foreign goods ami in the incidental protection derived from the ta iw but this does not embrace the mil lious n itle in the vs.it o brokerage interest -. m vc in the management of our ni ..'■ ui es il in ■' in o thc millions v bicb we spend yearly in travel in the n nli mr tveiieii estimate ihat fifty thousand i southerners .; • north every year arid spend aii average ol 1,000 each — making the total annual expenthture for travel of fifty millions 1 il il -. r iocs it embrace the millions •■ •- i in sending our sou and daugh - i rs north to he educated nor loos it em .- that incal itlahle amonul derived by the n rib from ll v'stom of banking exehang m i iii 1 credits wtiich has made us as financially dependent on the north as we have been commercially it is impossible to estimate ira y i hese a nutint and thei a h e ml ;. ■ ... mr k.-tit ll'a invesligati lie conies to the onclusion that the s uith twys uiinuullv tu the north for interest bro icerage insuranee travel ite about - ne nun , , teen millions li this be added to the auu nt ol one hundretl and thirty ; ns betore estimated as the commercial pro . . i the north il yields the sum ol two ■ ndrptl ant forty-five millions derivetl n nuallv by die north from ber union with the soul it mii-it l ' - uppi 1 that i in 3e in avy pi ..•;•-. ;.-.■ l-nj y il by the capitalists alt me tn the north as ked by the able northern wi tori ibreqn d : these trans actions inl leuei tin '-...:. iga more or less of everv noil tern man a lortion of every ai tisaiiw work id lor i y s ut ern means livery earmaii aws pa uu of i -, from the trade of that ection a ii cnts wh i si 1 manufat i in - tl e niereheuts who *-. 1 1 iin ls the ships iha eai ry tlnin the ii . i the ships tin er men who . -'. the n o.i ial ami ull 1 1 use v b i sup meaus of support to them and ami ., the t .- in .*- uithern .- dealers the bankers the insurance co riitiiie tu i thosi win ' at e iei i ig and disl n inn soutlvi n prtxltitre with the it mg tni n ■ pe • ms wh ' furnish lliem with horse . nlies ei j ton tun tatiou a . are de • inh nt up on i ivbicl ..' least isand inilliuii ol come ui i in ay u ami then speaking it thi nseq icnc ' • ition iv nb iho south he says : " v roni whal lui t tailed shove iw revealed to rn ; in n turn > of tin is it is quite apparent ■ bed li um south inui west w otiltl be lorn pernia uently njurod i i nunc depouds upon tuanufacturn ; but its own raw material nor ■ ;: iping the _* uith uu lhe • .. and sii i ■ raw i . is i uni t tl er rctpii i its own circle the requisite capital to put them into action is rapidly accumulatiug aud in lhe long run it would lose — after recovering irom first di ets nothing by separation thus wrote a north rn author bod re our present troubles commenced ii • wrote to warn his own section ol the utter stupidity ami wickedness ofthe warfare which north ern politicians wero waging against southern institutions he gave them the facts in or ier to show tlii'in that they were far more in lerested in the preservation oi tin union thn i the southern people ami that if separation should take place the north would be ulter iorly ami inevitably mined whilst the south would really be greatly benefitted his clos ing reniiti us were io forcible that i cannot resist lm temptation to produce tie m : ti.e north has no future material resour ces in minerals both tbe other pctim.8 sur pass ii in metals i is comparatively desti tute of raw materials il has none lis abil ity to i'.-.-d itsell is questionable ii com merce is to the whole ounty whal that ol hohand was to tin world viz living on t trade oj other people ta manufactures en py the saint position awaiting only tbe tint ■ when tin other sections whl < i « > their own work when thn moment arrives massa obusetts which now occupies tin proudest rank in lhe union vv ill lull b.n k on ber own ri sources and still claim to be an agricultural stair sinoe her similiter crop is granite mnl lur winter crop is u-e this period in north supinely permits a few unscrupulous politi cians clerical agitators and reprobate per sons io hasten by the most wanton attacks upon the institutions ol tbeir best customers they are lorcinc the not tbein slave states to assume t ibe south ibe same position tlm new england held to the south mi the form ation oi the union thev are holding out to them tb bright prize of becoming the man ufacturers importers and carries for the south nj thc north has been they offer theni ihu brilhani premium tu nil their connection wiili llie xorth in ortler l enjoy m.s branches uf industry in relation tu llie smith which have conferred such wraith ami prosperity upon xeir 1-j'iii/ltnttl d'the mithiit states englandbe came rich by the colonies repelled thorn — her wealth loll on new england she has in ei tne rich ami in her turn repels a •• south in favour ofthe northern live stati i '/">-. iu ii er see llie prize falling fo them ■ ' tay become eaijer to grasp it befdri thi xorth sltuv luive awakened to its danger it is apparent from the lac's stated that it tho separation between the north ami the . south bad been peaceable ami ami able it would have been exceedingly difficult lor the south to establish and maintain ns commer cial ami financial independence lhc ties oi trade that connected tbe ivvi..sei-iii.ns vn so numerous ami so stroug and tbo ham in tbe south of relying on the north for com mercial ami financial facilities was lo con tinue unit the obstacles to complete inde pendence would have been next to insepara ble these obstacles were removed lioffrever when mr lincoln determined to reset tothe military power of the i lovernnient in order to prevent the separation war hn dissolved all of the common-tal and financial rs well as political ties that bound tho two sections together the longer ibe war sliall continue and tbe more blood spilled the more embit tered wiil become tli people on both si,ios and the more impracticable will become any hit ure re-construction either political oi com mercial the sentiment is already wide n*ead 1 ami strong tint the reparation must bo com plete and irresistible it would bt absurd now i think of ever again falling back j that channel oftratle which bn been broken up by the wickedness and madness oi the counsels which bave inn .. irated the war we shall be compelled i i make b avy sa i ii s in maintaining our independence we must lose thousands ol our gallant u j expend millions ol money when we i have submitted to nil this imi won our in pe'.i'le.iee we should be glliltv ol tmpai'.e wa iile folly il we failed to guard effectually against t any possibility oi becoming in future depen dent in any sense upon those who have shown themselves to be our worst enemies we i itu never forgcl thai after we have pa * t i tiently and quietly submitted for years to a . condition of dependence which mis enriched then1 they have not .' i to wage a wai not inertly of sub tgati ■ b it 1 extermina tion upon us the gulph thus created be tween us can never be closed up or britl 1 over we must firs trust to our strung arm in repelling the invasion and when i pendeiice is achieved we musl trust to oui own resources our own enterprise an '. o own capital for securing that common ial and financial prosperity whicli will be within oui : . ich the war will uecessu pov the noi ili ; and after the war bui will hick thc resources for recovering from m rui ;.. i consequences vve too will bave to make heavy sacrifices bul we can boar tl without jbecoming impoverished ' ■ amount we pay yearly to the nor tl ■■-■ i carry us through the war the si ot all trade with the north mid with iv may prove to be inconvenient but tl ese in e n \ i-niences will . nl - ■ ■ t te oui ■ to the development ■ ■ — . - .-.-. and brii .■ nr w uni ful ca ■ y ti i self-stippoi t wi ti .-'. v r ' lo si i our cotton bul it will beo nne i valuable for keep ng ll will basil of credit on \ i we < war through aud ul th .;, i ; incurred v>1 ■ it v ol l'.'iiic abi cotton is money and w ,.■ i tin basis i i iuud as any vv e n tu submit t*i increased luxation 1 ut tl - will