The South is now showing to the world an
example of a great people borne down, crushed to the ground, cursed, by
a monopoly. A fertile country of magnificent resources, inhabited by a
great race, of inexhaustible energy, is abandoned to one pursuit;--the
very riches of their position are as a pestilence to their prosperity.
In the presence of their great monopoly, science, art, manufactures,
mining, agriculture,--word, all the myriad branches of industry
essential to the true prosperity of a state,--wither and die, that
sanded cotton may be produced by the most costly of labor. For love of
cotton, the very intelligence of the community, the life-blood of their
polity, is disregarded and forgotten. Hence it is that the marble and
freestone quarries of New England alone are far more important sources
of revenue than all the subterranean deposits of the Servile States.
Thus the monopoly which is the apparent source of their wealth is in
reality their greatest curse; for it blinds them to the fact, that, with
nations as with individuals, a healthy competition is the one essential
to all true economy and real excellence.
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