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The cotton planters' Convention.

The Memphis papers of Feb. 19, contain the proceedings of the Convention of Cotton Planters, which met in that city on the previous day. A series of resolutions, offered by Mr. J. F. Simmons, of Mississippi, urging upon Congress the establishment of an Agricultural of Home Department, were referred to a committee of one from each State represented, to report at the next annual meeting of the Convention. A resolution proposing to memorialize Congress to impose a tax of twenty dollars a bale upon all cotton produced within the Confederate States during the present year, in the event of the non-raising of the blockade of our ports before the 1st of May next, led to a protracted discussion, in which the policy of growing or not growing a cotton crop was fully entered into. Finally, the following substitute, offered by Dr. W. S. Gibson, of Mississippi, was adopted:

Resolved, It is the opinion of this Convention that every planter throughout the Confederacy, in determining the character and extent of his crops to be planted, should bear in mind that it is reduced almost to a certainty that the armies of the Confederacy are to be supplied almost exclusively with provisions from the cotton States.

Judge W. H. Sutton, of Arkansas, delivered an interesting address upon the subjects embraced in the following resolutions:

Resolved, That a special committee be appointed by this Convention, whose duty it shall be to inquire into the effect of the operation of the several protective tariffs passed by the late Federal Government —— commencing with the tariff of 1815 and 1816--upon the agricultural productions of the staple-producing States, and that they report at the next meeting of this Convention.

Resolved, That they also report the increase in the production of cotton in India and elsewhere, since the year 1800 to the present time. That they also report all statistical facts, within their reach or control, from which a satisfactory opinion may be formed in regard to the effect, propriety, and necessity of an approximation to free trade and open ports, on the part of the Confederate States. That said committee report the extent of the production of tobacco in the Confederate States--the principal markets in which it is sold — the extent of duty imposed on it in England and France--and the most practical means for securing a reduction of the duty on tobacco by commercial interchanges of articles free of duty, or otherwise.

The resolutions were adopted, and Hon, W. K. Sutton, Ex-Gov. J. H. Hammond, H. J. Fisher, W. F. Leake, and T. Butler King, appointed the committee.

The Convention soon afterward adjourned, to meet in Columbus, Ga., in the month of October next.

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