And they would and did do it again.
The Confederate government knew that they would have to face the coming aggression somewhere.....Savannah, Florida, New Orleans?
Lincoln had demanded the continuance of the tariff revenue in his inaugural speech, and it was clear that he would have to retain the money flow. Besides, the US Treasury would default within two months of any interruption of the tariffs.
So the Treasury defaulted by June 1861? I must have missed that somehow? Can you provide the date of default?