Derived from Joseph Jones' address to the Cotton Planters' Association, Macon, GA, December 13, 1860
'And what will the South gain by the assertion of her independence?
The South will gain her commercial as well as her political independence--the thirty million of dollars of which the South is now yearly deprived in the collection and distribution of the revenues of the government, will be saved, and her revenue which goes now to sustain Northern manufactories and Northern ships, will be distributed among our own citizens, and will be expended in building up Southern manufactories, Southern towns and Southern commerce.
According to the last published report of the Secretary of the Treasury, the total imports of the Northern States for the year ending June 30th, 1859, was $305,812,849, whilst the total imports of the Southern States was only $32,955,281, whilst the exports of the Southern States during the same period were $200,000,000. If the independence of the Southern States was established, our Northern factors would be displaced, and more than $200,000,000 of imports now received at Northern ports, would enter Southern ports, and all the duties and advantages be received where they of right belong.
During the year ending June 30th, 1859, $143,045,445 of the Southern exports were carried in Northern vessels, whilst only $44,586,212 were carried in foreign vessels; during the same period, $27,898,653 of the Southern imports were brought by Northern vessels, whilst only $5,006,628 were brought by foreign vessels. When the independence of the South is established, the North will lose the protection of cunningly devised laws, and will have to enter into competition with the ships of the world for this carrying trade.
The Southern patriot should enquire with the deepest concern--what has become of all this immense amount of money, annually received by the South for her great staple products?
Has her greater production rendered her correspondingly greater and more powerful than the North? Has the South built more railroads, erected more factories, and supported more splendid seats of learning, than the North?
We are compelled to confess that in all permanent, agricultural, industrial and educational improvements, the North has surpassed the South.
The largest proportion of the money received by the South in exchange for cotton, rice and tobacco, has not remained in the South, but has flowed out for the protection of the North, and in the purchase of Northern and English manufactured goods, and in the support of Northern cities, Northern watering places, Northern commerce and Northern literary and scientific institutions, Northern authors, Northern papers, journals and books: the money of the South, therefore, has not fulfilled its high destiny.
It matters not what the income of a nation or of a man may be, if it is all expended abroad, no permanent benefit will be obtained. Money to be really useful to the country where it is produced, must be expended in that country, and must change hands often amongst its citizens, and like the life giving and force conveying red particles of the blood, be diverted into a thousand different channels, and accomplish a thousand beneficial results. It must build up and sustain manufactories, it must circulate in a never-ending stream between the agriculturist and the manufacturer--it must build ships and railroads--it must support those great institutions of science and learning, which will react upon the State and return in the development of her resources and in the scientific improvement of her agriculture, arts, and manufactures a thousand million fold.
It is time that Southern manufactories should be established and sustained by Southern money--it is time that this ruinous drain of money should be stopped--these great and vital results to the South can be accomplished in no other way than by establishing her independence. The fire and sword with which our Northern enemies threaten us, will prove our ultimate good and their final injury.'