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King Cotton.

Of all the Generals in the field, and all the rebels in the South, there is none whom the North has such reason to fear as King Cotton. Talk of rebels ! Why, the rebellion of the North against King Cotton is the most suicidal and hopeless rebellion that men ever engaged in. Cotton is King--King of the North, as all her ships, all her factories, all her cities of palaces, and the five hundred millions a year she proposes to expend for the purpose of obtaining possession of his sacred person, all demonstrate beyond the possibility of a doubt, King of Great Britain, also — as Lancashire will admit — and as powerful to ruin as to build up, if occasion shall require.

Let the North and let England take warning by the circular of the New Orleans cotton factors to the planters, recommending that no cotton be shipped from their plantations until the blockade be entirely raised, and the resolution of the Board of Underwriters of the same city, to take no river insurance on cotton bound to that port, nor fire insurance on cotton in New Orleans, until the blockade is raised — movements which will be thoroughly sustained by the whole planting interest throughout the entire South. The South is deeply, terribly, gloriously in earnest, and determined as one man that King Cotton shall never fall into the hands of his enemies. Before they will permit that, they will sacrifice him with their own hands, and make on every plantation a funeral pyre, which, even if our enemies could conquer us in the field, would blast them with the glare of hopeless disappointment and disaster.

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