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Export duty on cotton.

--Mr. Bingham's joint resolutions proposing to amend the Constitution for the purpose of authorizing an export tax on cotton and other Southern products will be powerfully supported. The Philadelphia Press thinks that the Southern people will not object to this tax. It says:

‘ "The idea that any opposition to this amendment of the Constitution should come from the South is absurd, when we recollect that in the Constitution of the so-called 'Confederate States' precisely this privilege was reserved as a measure of self- protection and self-defence. It was, indeed, the necessary preparation for the South, had they succeeded in winning their independence, for that system of manufacturing, without which, according to Governor Orr and other sensible authorities, they are now so immeasurably suffering."

’ Undoubtedly the Cotton States will oppose the measure. They wish to supply the world with cotton, and thereby recover some portion, at least, of the immense wealth they formerly enjoyed.

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