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The planters of Texas to receive, 10 ex'
change for their cotton, the cheap manu-
ractures Of England free Of duty. These
two causes combined, would give the
Texas cotton planters an advantage oI
:, least 90 Der cent. over the cotton


olaolers Of the Union. Such q rivalry


we could not long maintain; and cotton


planting would gradually decline in the
Union, and with that decline, would be


lost the markets Of the south for the


hemp, and beef, and pork, and -four OF


the west, and the manufactures Of the
north. Now, is it just, is it safe or ex-


pedient to place the south and the south


west in position in which they will
constantly behold an adjacent cotton
growing country supplanting them IN
the culture and sale Of their great
staple, for the reason that the one
lis, and the other is not, part Of the


Union2 Must we behold Texas every
day selling her cotton to England free Of
all duty, whilst our cotton is subjected
to heavy inlpost? and must we also
perceive Texas receiving in exchange
the manufactures Of England free of du>
ty, whilst here they are excluded by
prohibitory tariff? Can the tariff itself
stand such an issue; or, ifit does, can
the Union sustain the mighty shock?-
Daily and hourly, to the south and south
west. would be presented the strong in,
ducement to unite with Texas, and BE-
cure the same markets free of duty for
their cotton, and receive the same cheap
manufactures, free of duty, in exchange.
Nor would these be lhe only dangers in
Cured, and temptations presented, by
this fearful experiment. We would see
the exports Of Texas carried directly
abroad from their own ports, aud the
imports brought into their own ports,
directly in exchange; thus building up
their own cities, and their own COM
merce, whilst here, they would see that
same business transacted for them,chief>
" in New York, Boston and Philaasl-
phia. They would see New York re
ceiving annually one hundred millions Of
imports, nearly fifty millions of which
was for resale to them, aud all which
hey would receive directly in their own
port if united with Texas, thus striking
lown nearly one half the commerce. ofI
ne great city OF New York, and trans
erring il TO the south and southwest.
The South and Southwest, whilst thew
would perceive the advancing prosperi.
y Of Texas, and their own decline
would also feel, that the region with
which they were united had placed them
n this position, and subjected them 10
hese disasters by the refusal OF rean-
lexation. Whatever the result NAV be,
10 true friend Of the Union can desire 10 |
ubject it 10 such hazards; and this alone 7
ought to be conclusive argument in ia
'or of the remuneration Of Texas. One i
If these results is certain to follow from
he refusal of remuneration. Is. The
separation Of the South and Southwest
rom the North, and their reunion with
Texas. Or, Cd. The total overthrow
IF the tariff. Or, Sd. 4 system of un-
bounded smuggling throughout Texas
nto the West and Southwest. Accom-
panying the last result, would be dis
regard Of the laws, and an utter demor.
alization Of the whole country, a practi>
cal repeal Of the tariff, and loss of the
revenues which it supplies. and neces-
sary resort to direct taxation to sup.
port the government.


(7Obe Continued, I


LETTER OF COMMODORE STEW


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