and I'll say again THE EXPORTERS WERE THE IMPORTERS!
They kept 40% of the profits from cotton. The "Factors" and Northern shipping companies, as well as the FedGov all took "their share", leaving the actual slaveholders to make less money from slavery than the Northern businesses and government. Where the hell did you get the 40% number. Show me the source for that lie. And what “share” did the Federal Government take. How did they take it. You know damn well you are just making this stuff up. Don’t you get tired of just making up Bull Shit?
Do you think all those people at the time were just making up everything they said and you understand how their economy worked better than they did?
[To a Northern Congressman] "You are not content with the vast millions of tribute we pay you annually under the operation of our revenue laws, our navigation laws, your fishing bounties, and by making your people our manufacturers, our merchants, our shippers. You are not satisfied with the vast tribute we pay you to build up your great cities, your railroads, your canals. You are not satisfied with the millions of tribute we have been paying you on account of the balance of exchange, which you hold against us. You are not satisfied that we of the South are almost reduced to the condition of overseers of Northern Capitalist. You are not satisfied with all this; but you must wage a relentless crusade against our rights and our institutions." Rep. John H. Reagan of Texas
"Before... the revolution [the South] was the seat of wealth, as well as hospitality....Wealth has fled from the South, and settled in 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? ... 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 expenditures. 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." ----Missouri Senator Thomas Hart Benton
"What were the causes of the Southern independence movement in 1860? . . . Northern commercial and manufacturing interests had forced through Congress taxes that oppressed Southern planters and made Northern manufacturers rich . . . the South paid about three-quarters of all federal taxes, most of which were spent in the North." - Charles Adams, "For Good and Evil. The impact of taxes on the course of civilization," 1993, Madison Books, Lanham, USA, pp. 325-327 incidentally, Charles Adams is a tax expert.
As Adams notes, the South paid an undue proportion of federal revenues derived from tariffs, and these were expended by the federal government more in the North than the South: in 1840, the South paid 84% of the tariffs, rising to 87% in 1860. They paid 83% of the $13 million federal fishing bounties paid to New England fishermen, and also paid $35 million to Northern shipping interests which had a monopoly on shipping from Southern ports. The South, in effect, was paying tribute to the North. When in the Course of Human Events: Charles Adams
"Next to the demands for safety and equality, the secessionist leaders emphasized familiar economic complaints. South Carolinians in particular were convinced of the general truth of Rhett's and Hammond's much publicized figures upon Southern tribute to Northern interests." (Allan Nevins, The Emergence of Lincoln, Ordeal of the Union, Volume 2, New York: Charles Scribner's Sons, 1950, p. 332)
Hummm? Is that Charles Adams, the son of President John Quincy Adams?
And he is totally full of crap on that point. He must be reading Neo confederate propaganda to come up with a bogus stat like that. I’ll post it again just for fun and ask you if the people shipping these good from Europe were stupid. Why ship all their stuff to New York when 3/4 of their customers were in the South. They could ship stuff to the South unload it and then pick up the cotton while they were there. Why didn’t they do that? Were they morons?
