htfulness, in every aspect, of slavery, the
prosperity of America as based on cotton, and the power of the United
States as dependent on its control of the cotton supply. The editor was
E.N. Elliot, President of Planters' College, Mississippi.]

[Footnote 659: Jan. 26, 1861. Cited in Maxwell, _Clarendon_, II, p.
237.]

[Footnote 660: _Am. Hist. Rev._, XVIII, p. 785. Bunch to Russell. No.
51. Confidential. Dec. 5, 1860. As here printed this letter shows two
dates, Dec. 5 and Dec. 15, but the original in the Public Record Office
is dated Dec. 5.]

[Footnote 661: pp. 94-5. Article by W.H. Chase of Florida.]

[Footnote 662: Rhett, who advocated commercial treaties, learned from
Toombs that this was the case. "Rhett hastened to Yancey. Had he been
instructed to negotiate commercial treaties with European powers? Mr.
Yancey had received no intimation from any source that authority to
negotiate commercial treaties would devolve upon the Commission. 'What
then' exclaimed Rhett, 'can be your instructions?' The President, Mr.
Yancey said, seemed to be impressed with the importance of the cotton
crop. A considerable part of the crop of last year was yet on hand and a
full crop will soon be planted. The justice of the cause and the cotton,
so far as he knew, he regretted to say, would be the basis of diplomacy
expected of the Commission" (Du Bose, _Life and Times of Yancey_, 599).]

[Footnote 663: F.O., Am., Vol. 780. No. 69. Bunch to Russell, June 5,
1861. Italics by Bunch. The complete lack of the South in industries
other than its staple products is well illustrated by a request from
Col. Gorgas, Chief of Ordnance to the Confederacy, to Mason, urging him
to secure _three_ ironworkers in England and send them over. He wrote,
"The reduction of ores with coke seems not to be understood here" (Mason
Papers. Gorgas to Mason, Oct. 13, 1861).]

[Footnote 664: F.O., Am., Vol. 843. No. 48. Confidential. Bunch to
Russell, March 19, 1862.]

[Footnote 665: p. 130]

[Footnote 666: The two principal British works are: Arnold, _The History
of the Cotton Famine_, London, 1864; and Watts, _The Facts of the Cotton
Famine_, Manchester, 1866. A remarkable statistical analysis of the
world cotton trade was printed in London in 1863, by a Southerner
seeking to use his study as an argument for British mediation. George
McHenry, _The Cotton Trade_.]

[Footnote 667: Scherer, _Cotton as a World Power_, pp. 263-4.]

[Footnote 668: Lack of auth