Wlliam Gilmore Simms
Selections from the Letters and Speeches of the Hon. James H. Hammond, of South Carolina >> Speech on the Admission of Kansas, Under the Lecompton Constitution, Delivered in the Senate of the United States, March 4, 1858 >> Page 314

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Speech | The Reprint Company; John F. Trow & Co. | 1866, 1978
Transcription 314
it is all consumed. If a man possess millions of dollars
and consumes his income, is he rich ? Is he competent
to embark in any new enterprise ? Can he long build
ships or railroads ? And could a people in that condi-
tion build ships and roads or go to war without a fatal
strain on capital ? All the enterprises of peace and war
depend upon the surplus productions of a people. They
may be happy, they may be comfortable, they may
enjoy themselves in consuming what they make ; but
they are not rich, they are not strong. It appears, by
going to the reports of the Secretary of the Treasury,
which are authentic, that last year the United States
exported in round numbers $279,000,000 worth of do-
mestic produce, excluding gold and foreign merchan-
dise re-exported. Of this amount $158,000,000 worth
is the clear produce of the South articles that are not
and cannot be made at the North. . There are then
$80,000,000 worth of exports of products of the forest,
provisions and breadstuffs. If we assume that the
South made but one third of these, and I think that
is a low calculation, our exports were $185,000,000,
leaving to the North less than $95,000,000.
In addition to this, we sent to the North $30,000,000
worth of cotton, which is not counted in the exports.
We sent to her $7 or $8,000,000 worth of tobacco,
which is not counted in the exports. We sent naval
stores, lumber, rice, and many other minor articles.
There is no doubt that we sent to the North $40,000,000
in addition ; but suppose the amount to be $35,000,000,
it will give us a surplus production of $220,000,000.
But the recorded exports of the South now are greater
than the whole exports of the United States in any
year before 1856. They are greater than the whole