The first statesmen of England have shown by their speeches, as the
first British journals have indicated in their articles, that they
earnestly believe what Stephens and hundreds of other Southerners have
asserted, that _all_ the wealth of the Northern States has come from the
South, and that the South is the great ultimate market for the major
portion of our imports. Glancing over our map,--as was done by _The
Times_,-the Englishman may well believe this. He sees a vast extent of
territory,--he has heard and witnessed the boasts and extravagance of
Southerners abroad,--he knows that where so many million bales of cotton
go out, just so much money must flow in; he is angry at our Northern
tariff of emergency, and so believes that by opening to himself the
South he will secure a vast market. Little does he reflect on the fact
that, this step once taken, he will close up in the North and West his
greatest market, one worth ten times that of the South, and constantly
increasing, just in proportion as our population progresses more rapidly
than that of the slave States. It is no exaggeration,--strange as it may
seem,--but this extraordinary ignorance has been manifested time and
again by high authority in England since the war began.
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