ealth of their citizens. Georgia, Mississippi, any one of those
States can issue its six per cent. bonds tomorrow, and receive cotton in
payment to the extent almost of the entire crop. They can first borrow
from their own citizens; they can tax them to an almost unlimited
extent; and they can raise revenue from a Tariff to an almost unlimited
extent.

"How will it be with New England? where will their revenue come from?
From your Custom-houses? what do you export? You have been telling us
here for the last quarter of a century, that you cannot manufacture,
even for the home market, under the Tariffs which we have given you.
When this Tariff ceases to operate in your favor, and you have to pay
for coming into our markets, what will you export? When your machinery
ceases to move, and your operatives are turned out, will you tax your
broken capitalist or your starving operative? When the navigation laws
cease to operate, what will become of your shipping interest? You are
going to blockade our ports, you say. That is a very innocent game; and
you suppose we shall sit quietly down and submit to a blockade. I speak
not of foreign interference, for we look not for it. We are just as
competent to take Queen Victoria and Louis Napoleon under our
protection, as they are to take us; and they are a great deal more
interested to-day in receiving cotton from our ports than we are in
shipping it. You may lock up every bale of cotton within the limits of
the eight Cotton States, and not allow us to export one for three years,
and we shall not feel it further than our military resources are
concerned. Exhaust the supply of cotton in Europe for one week, and all
Europe is in revolution.

"These are facts. You will blockade us! Do you suppose we shall do
nothing, even upon the sea? How many letters of marque and reprisal
would it take to put the whole of your ships up at your wharves to rot?
Will any merchant at Havre, or Liverpool, or any other portion of the
habitable globe, ship a cargo upon a New England, or New York, or
Philadelphia clipper, or other ship, when he knows that the seas are
swarming with letters of marque and reprisal? Why the mere apprehension
of such a thing will cut you out of the Carrying Trade of the civilized
World. * * * I speak not of the absurdity of the position that you can
blockade our ports, admitting at the same time that we are in the Union.
Blockade is a remedy, as all writers on In