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Alfred Roman, The military operations of General Beauregard in the war between the states, 1861 to 1865, Chapter 50: (search)
heir immediate support, and there were very many who had money for investment. Although a good deal of cotton was shipped abroad, as usual, a considerable amount was held in the interior, and it was freely at the disposal of the government in exchange for its bonds, payable at a distant day. Recognizing the importance of preventing the closure of the Southern ports, it was early proposed and urged by men of prominence to purchase cotton with bonds of the Confederate States. VicePresi-dent Stephens suggested 2,000,000 bales of the crop of 1860, and 2,000,000 more from the crop of 1861. With this cotton, or any considerable part of it, either got out before the ports could be effectually closed by blockade, or in hand and pledged, a large number of the best steamers, ironclads or others, could have been bought, or contracted for and built, in Europe. This line of policy would have enabled the government to procure a number of ships by the end of 1861, and in no long time a navy vastl
Alfred Roman, The military operations of General Beauregard in the war between the states, 1861 to 1865, chapter 26 (search)
applied—a resource and power unknown in European wars, and unknown to our ancestors in the war of their revolution. Mr. Stephens here said he alluded to our great staple—cotton; and he should not have said more upon it at this time, than barely to mind, from a phonographic report of some remarks he made at a meeting lately in Sparta. Some, from that report, said Mr. Stephens, have taken the idea that I urged upon the planters there to plant largely of cotton next year. Allow me, in this conI am not prepared to say. I have not the necessary estimates and statistics. On the subject of foreign recognition, Mr. Stephens said he saw no change in the prospect. Foreign governments, he thought, were very much disposed to stand aloof from I thought it altogether feasible and practicable in its operation, and considered it quite as constitutional as to give bonds for gunpowder or other munitions of war. This letter you can use as you please. Very truly, Alexander H. Stephens