No.
2/7/1861 Senator Wigfall of Texas on the floor of the Senate on Feb 7,
“How will it be with New England? Where will their revenue come from? From your custom-houses? What do you export? You have been telling us here for the last quarter of a century, that you cannot manufacture even for the home market under the tariffs which we have given you. When this tariff ceases to operate in your favor, and you have to pay for coming into our market, what will you expect to export?” (2/7/61 Congressional Globe p. 789)
“Five million bales of cotton, each bale worth fifty dollars at least - fifty-four dollars was the average price of cotton last year - give us an export of $250,000,000 per annum, counting not rice, or tobacco, or any other article of produce. 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. What tariff we shall adopt, as a war tariff, I expect to discuss in a few months, and in another Chamber.
You suppose that numbers constitute the strength of government in this day. I tell you that it is not blood; it is the military chest; it is the almighty dollar. When you have lost your market; when your operatives are turned out; when your capitalists are broken, will you go to direct taxation?” (12/12/60 Congressional Globe p. 73)