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Southern Historical Society Papers, Volume 32. (ed. Reverend J. William Jones), chapter 1.22 (search)
sophic mind for more than the life of a generation. He took his seat at Montgomery well prepared with an outline of foreign policy for the young republic which he had done so much to make possible. Mr. Rhett's suggestion was founded upon certain accomplished facts of daily experience in the relations of the commerce of the slave States to European trade. The export commerce of the slave States in raw material was the richest in the world. The official report of the fiscal year ending June 30, 1859, gave the exports initiating in the slave States at $188,693,490 and the exports initiating in the free States at $5,281,091. England was both the chief ocean carrier and the chief manufacturer of the main subject of Southern commerce, cotton. The industries of France were also largely involved in the carrying trade and the manufacture of Southern raw material. The Rhett scheme. Upon the demonstrated value of Southern commerce and the historical record of Southern civil and milita