Lives of Distinguished North Carolinians, with Illustrations and Speeches — John Shaqi
Lives of Distinguished North Carolinians, with Illustrations and Speeches
History
Lives of Distinguished North Carolinians, with Illustrations and Speeches
North Carolina -- Biography
Thomas H. Benton is a witness who will be heard. In a speech in the
Senate, in 1828, he shows how the tariff (which, except for about
twelve years, had been mainly levied for revenue) had plundered the
South. He said: "I feel for the sad changes which have taken place
in the South during the last fifty years. Before the Revolution it
was the seat of wealth as well as hospitality. Money, and all it
commanded, abounded there. But how is it now? All this is reversed.
Wealth has fled from the South, and settled in the regions north
of the Potomac; and this in the face of the fact that the South,
in four staples alone, has exported produce since the Revolution
to the value of eight hundred millions of dollars; and the North
has exported comparatively nothing. Such an export would indicate
unparalleled wealth, but what is the fact? In the place of wealth
a universal pressure for money is felt--not enough for current
expenses--the price of property all down--the country drooping and
languishing--towns and cities decaying--and the frugal habits of
the people pushed to the verge of universal self-denial for the
preservation of their family estates. Such a result is a strange and
wonderful phenomenon. It calls upon statesmen to inquire into the
cause.
"Under Federal legislation the exports of the South have been the
basis of the Federal revenue. * * * * Virginia, the two Carolinas,
and Georgia may be said to defray three-fourths of the annual
expense of supporting the Federal Government; and of this great
sum, annually furnished by them, nothing, or next to nothing, is
returned to them in the shape of government expenditure. That
expenditure flows in an opposite direction--it flows northwardly,
in one uniform, uninterrupted, and perennial stream. This is the
reason why wealth disappears from the South and rises up in the
North. Federal legislation does all this. It does it by the simple
process of eternally taking from the South and returning nothing to
it. If it returned to the South the whole or even a good part of
what it exacted the four States south of the Potomac might stand the
action of the system, but the South must be exhausted of its money
and its property by a course of legislation which is forever taking
away and never returning anything. Every new tariff increases the
force of this action. No tariff has ever yet included Virginia, the
two Carolinas, and Georgia, except to increase the burdens imposed
by them."--Benton's _Thirty Years View_, Vol. I, p. 98, quoted by
Raphael Semmes in his _Memoirs of Service Afloat_.
In 1860 we find the South still furnished many millions more than
two-thirds of the export crops, besides fifty millions to the North.
In Colonial and Revolutionary times the South was the richest
section, and so acknowledged to be in the Constitutional Convention
of 1787.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account