The Daily Dispatch: February 8, 1861., [Electronic resource]

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The New Tariff bill — the South and English and French goods.

Under this head, the New York Herald observes that the Republicans in Congress, with their new tariff bill, are clearing the way for the speedy recognition of a Southern Confederacy by England and France. The Southern seceded States have the cotton. England and France must have it. The very existence of four or five millions of the English people depends upon it. England and France have their iron, cotton, woolen and silk manufactures to exchange for this raw material of cotton, the very articles which the Cotton States desire in exchange for their great staple.--With a Southern free trade Confederacy proclaimed on the one hand, and a Northern United States protective tariff or tax ranging from twenty to fifty, or sixty per cent. on the other hand upon imported silks, cottons, woolens and iron, is it likely that England and France will hesitate in choosing their market Unquestionably they will recognize the Southern Confederacy as soon as possible, for the sake of the raw material of cotton, and for the free Southern market, which will take their goods in exchange in preference to the hard cash. The Southern secessionists ought, therefore, to feel thankful, as they do, for the aid and comfort promised them in this Morrill Tariff bill.