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servative influences above adverted to, in all sections, may be relied upon for the administration of a rebuke which, though it fails to convince the misguided of their error, will not be the less withering in its effects upon them, or the less powerful in upholding right and in the preservation of concord and union.

With respect to foreign nations, it cannot be denied that by means of our cotton crop we have contributed to the necessities and wants of millions of the people of other lands; we have created employment for their manufacturing laborers; we have done much to ameliorate the condition and alleviate the sufferings of all the oppressed and impoverished working classes of the old countries, and added to the sum of human comfort and happiness more than any other people within the last half century. And it has not been a theoretic principle, a transcendental abstraction, or a utopian scheme of "liberty, equality, and fraternity"— a cheat, like "Dead-sea fruits, that turn to ashes on the lips"-that we have bestowed upon them; but actual, practical, real, tangible, substantial comforts, apparent to the corporeal senses. And, still more, by it we have been given effective means of check and restraint, and, if need be, of coercion too, as to the governments of those nations who have become, and must continue to be, dependent upon the southern States of this confederacy for the supply of cotton wherewith to provide employment for millions of their working men, women, and children, and wherewith to obtain raiment for all classes-idle and laboring, rich and poor. The necessity for such supply, and the dependence upon the United States for it, is valuable surety for "the peace and good benaviour" of those governments towards this country, and towards all others, in "the peace of God;" and it is also some guaranty against outrage or oppression in their own household.

The true policy of this confederacy, dictated alike by interest and by duty, is to cultivate friendly relations with every other people. All that we enjoy we hold from the bounty of the great Ruler of nations, and to fulfil his allwise purposes. Those who suppose our high mission is inconsistent with the sacred precept, "on earth peace, good will towards men," are in error. Insults may Insults may be repelled, wrongs redressed, and justice executed, without violating this rule. Until the people of these confederated sovereignties cease to deserve the blessings of civil and religious freedom, the federal government cannot be transformed into a consolidated military republic, which may, when incited by lust of conquest, wield its mighty power to ravage, despoil, conquer, or subjugate other nations. An illustrious chief magistrate years since proclaimed that "a fixed determination to give no just cause of offence to other nations" was a cardinal rule in the administration of the federal government; and he also said that "with this determination to give no offence is associated a resolution, equally decided, to submit to none." Illiberality, displays of hostility, and officious intermeddling in our affairs, may engender ill feelings, and provoke to recrimination and retaliation, and cause collisions; but in their career to the consummation of the high destiny awaiting the American people, if they do not forfeit it by misconduct, they should rigidly adhere to the rule just quoted, and to the other injunction by the same high authority-to "ASK FOR NOTHING THAT NOT CLEARLY RIGHT, AND SUBMIT TO NOTHING THAT IS WRONG."

MANUFACTURES OF COTTON IMPORTED.

Statement of the value of cotton goods imported during the year ending June 30, 1852.

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Statement of the value of cotton goods of foreign manufacture exported during the year ending June 30, 1852.

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Exports of raw cotton and domestic cotton manufactures during the year ending June 30, 1852.

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