act of recognition is a mere question of time. If the fact be as stated, the tendency of the act of recognition would be to prevent the further continuance of an unnecessary war and the useless effusion of blood. It may well be doubted, if under such circumstances the nation which thus refuses to throw the moral weight of its influence in the scale of peace, does not share in some of the responsibilities for the continuance of an unnecessary war, which it might have done something to conclude without risk or injury to itself. Indeed, it may be said without exaggeration that France has a deep material and political interest in the establishment of the independence of the Confederate States. It is the event of all others which would give the most satisfactory solution to the great question of cotton supply for the manufacturing nations of Europe. That the great source of the production of this raw material which enters so largely into the manufacturing industry of Europe has been found in the Confederate States of America is an undoubted fact. That this will continue to be the case for a long time to come is in every way probable, for no other country presents the same combination of soil, climate and trained labor which is all essential to the successful production of cotton. If our country is to be the great source for the supply of this article so indispensable to the manufacturing industry of the world, the nations of the earth have the deepest interest in placing it in a position of independence and impartiality in regard to the distribution of the raw material for which the demand is so immense. If any one country is to have a virtual monopoly of the supply of raw cotton, then the world would have the deepest interest in opening it to the easy and equal access of all mankind. Such would be the case, if the depository of this great interest should be found in a country on the one hand strong enough to maintain its neutrality and independence, and on the other committed by its interests to the policy of Free Trade and an untrammeled intercourse with all the world. Such would be the precise position of the Confederate States when once their independence was achieved; and as a proof that this would be the natural tendency of their policy, we have only to look to their early legislation which reduced the duties on imports to the lowest rates consistent with their necessities for revenue, and opened their coasting trade to the free and equal competition of all mankind. Nor is cotton the only great staple of which the Confederate States are likely to become not the sole, but one of the chief depositories upon terms of equality to all the world. Tobacco, sugar, rice and naval stores are to be added to the catalogue
This text is part of:
Table of Contents:
General Ewell at First Manassas .
Colonel Campbell Brown 's reply to General Beauregard .
The Merrimac and the Monitor —Report of the Committee on Naval Affairs.
Report: [to accompany bill H. R. 244 .]
Official reports of the battle of Gettysburg .
Report of Colonel Bryan Grimes , of Fourth North Carolina .
Operations of detachment from Cashtown to Williams -Port—report of Major Charles Richardson .
From the Rapidan to Spotsylvania Courthouse .
Report of General R. S. Ewell .
Report of General A. L. Long , from 4th to 31st of May , 1864 .
Evacuation of Richmond .
Reunion of the Virginia division Army of Northern Virginia Association.
Orations at the unveiling of the statue of Stonewall Jackson , Richmond, Va. , October 26th , 1875 .
Governor Kemper 's address.
The battle of Honey Hill .
Battle of Chickamauga .
Report of Brigadier-General B. R. Johnson .
Letter from General Hagood on recapture of a flag.
The cavalry affair at Waynesboro .
General Sherman 's method of making war.
Letter from Colonel Stone .
Gleanings from General Sherman 's despatches.
The Wee Nee Volunteers of Williamsburg District, South Carolina , in the First ( Gregg 's) Regiment—Siege and capture of Fort Sumter .
The Kilpatrick - Dahlgren raid against Richmond .
Statement of Lieutenant Bartley , of the United States signal corps .
The Confederate account.
Authenticity of the Dahlgren papers.
The opening of the lower Mississippi in April , 1862 -a reply to Admiral Porter .
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