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Essay heading: King Cotton
 
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Issue: American History
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Date added: February 17, 2002
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No of pages / words: 4 / 1026
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As Senator L.T. Wigfall, of Texas said, in December 1860, "Two hundred and fifty million exports will bring into our own borders - not through Boston and New York and Philadelphia, but through our own ports - $250,000,000 of imports; and forty per cent upon that puts into our treasury $100,000,000. Twenty per cent gives us $50,000,000...
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Twenty per cent gives us $50,000,000." He went on to discuss the multitude of probabilities once rice, tobacco, and other prominent cash crops were figured in. The South was in a very admirable position. Plantation owners had little expense upon them; they were able to process their own cotton, took advantage of free labor, and held the upper hand in any deliberations of war...
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