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tective policy, and indeed all the laws regulating commercial intercourse in sea going vessels, foreign and coastwise, had a direct tendency to the concentration of commercial power and influence in the North--and such has been the result. The establishment of our independence, and its natural consequence, direct trade, will increase our population, enhance our prosperity, and add immensely to our wealth and influence as a State. I transmit herewith a communication received from Hon. C. G. Memminger. Secretary of the Treasury of the Confederate States, dated September 17, 1861, enclosing an Act of Congress entitled "An Act to audit the accounts of the respective States against the Confederacy. " I commend this subject to your attention; and as it is a subject of very great importance, and early action is necessary, I trust it will be duly considered, and such legislation as may be required will be adopted. I recommend that the Executive of the State be authorized to have co