“What I said at Sparta, Georgia, upon the subject of cotton, many of you have often heard me say in private conversation, and most of you in the public speech last year to which I have alluded. Cotton, I have maintained, and do maintain, is one of the greatest elements of power, if not the greatest at our command, if it were but properly and efficiently used, as it might have been, and still might be. Samson’s strength was in his locks. Our strength is in our locks of cotton. I believed from the beginning that the enemy would inflict upon us more serious injury by the blockade than by all other means combined. It was ... a matter of the utmost ... importance to have it raised. How was it to be done?... I thought it ... could be done through the agency of cotton.... I was in favor, as you know, of the government’s taking all the cotton that would be subscribed for eight per cent bonds at a rate or price as high as ten cents a pound. Two millions of the last year’s crop might have been counted upon as certain on this plan. This, at ten cents, with bags of the average commercial weight, would have cost the government one hundred millions of bonds. With this amount of cotton in hand and pledged, any number, short of fifty, of the best ironclad steamers could have been contracted for and built in Europe—steamers at the cost of two millions each, could have been procured, equal in every way to the ‘Monitor.’ Thirty millions would have got fifteen of these, which might have been enough for our purpose. Five might have been ready by the first of January last to open some one of the ports blockaded on our coast. Three of these could have been left to keep the port open, and two could have conveyed the cotton across the water if necessary. Thus, the debt could have been promptly paid with cotton at a much higher price than it cost, and a channel of trade kept open till other ironclads, and as many as were necessary, might have been built and paid for in the same way. At a cost of less than one month’s present expenditure on our army, our coast might have been cleared. Besides this, at least two more millions of bales of the old crop on hand might have been counted upon—this with the other making a debt in round numbers to the planters of $200,000,000. But this cotton, held in Europe until its price became fifty cents a pound, would constitute a fund of at least $1,000,000,000 which would not only have kept our finances in sound condition, but the clear profit of $800,000,000 would have met the entire expenses of the war for years to come.”[113]
The reader who carefully reflects over the passage just quoted may well think that the extravagant profit pictured savors more of Mulberry Sellers than of a cool-headed statesman; but if the war price of cotton be recalled he readily agrees that under the plan proposed the south could easily have got a fleet of the best ironclads. Such a fleet would have kept the southern ports open. The advantage of which would have been very great. It would have held the Mississippi from the first, or have recovered it after the capture of New Orleans. It would have cleared the gunboats out of all the navigable rivers in the south. And we must not forget how it might have ravaged the northern coast, perhaps capturing New York, and forcing an early peace.
I must make you see the greatness of cotton as a resource. There has been from soon after the invention of the gin a steadily increasing world demand for it, and the south has practically monopolized its production. I can think of no other product of the soil except wine and liquor that is as imperishable. But wine and liquor spill, leak, and evaporate, while cotton does neither. If you but safe it against fire it will not deteriorate by age. In 1884 I was told of a sale just made of some cotton for which the owner had refused the famine price in 1865. It brought the market price of the day, and experts said it sampled as well as new cotton. It was at least 19 years old. Wine and liquor cannot be compressed, but the same weight of raw cotton becomes less and less bulky every year. By reason of the foregoing, cotton is always the equivalent of cash in hand. Now add the effect of the steadily growing war scarcity, and remember how easy it was during the first two years of the war to carry out cotton in spite of the blockade. The European purchasing agent of the Confederate States government says “it possessed a latent purchasing power such as probably no other ... in history ever had.”[114] He means cotton. There were several million bales of it in the confederacy, all of which could be had for the taking—much of it for merely the asking. And there were a legion of carriers eager to run the blockade. I cannot understand how Professor Brown could have ever written, “The government had not the means either to buy the cotton or to transport it.”[115] Surely the government could have seized the cotton as easily as it did all the men of military age, and collected the tithes in kind.
If Toombs had been president of the southern confederacy, the very best possible use of its cotton as a resource would have been made. At the time, if but managed with the financial skill which he always showed, that cotton would have been a great war chest in a secure place, always full and appreciating. It is very probable that almost at the beginning of the war the confederacy would have struck terror into its adversaries with some warships far superior to any with which the United States could have then supplied itself. In this case there never would have been any Monitor. And the south would have had all the benefits of wise husbandry and conduct.
During his short premiership of the confederacy Toombs showed marked ability. Note his extraordinary insight when instructing the commissioners, that “So long as the United States neither declares war nor establishes peace, the Confederate States have the advantage of both conditions;” and consider how accurately he foresaw that the north would be rallied as one man to the stars and stripes by attack upon Fort Sumter, and how earnestly he opposed the proposed attack.[116]
Stephens was thoroughly against the policy of many pitched battles. He counselled from the very first that we should draw the invaders within our territory, where, having them far from their base and taking advantage of our shorter interior lines, we could when the right moment came, by attacking with superior numbers, virtually destroy their entire army. The more I think over it, the more clearly I see that this was the true way for us to have fought. Stephens’s influence would have been so great with Toombs or Cobb as president that he would have shaped the conduct of the war.
There would have been no keeping of inefficient men in high command; and no efficient one would have been kept out. Mr. Lincoln would have had an executive rival worthy of his steel. As the former searched diligently and with rare judgment for his commander-in-chief and at last found him in Grant, so Toombs would in all probability have found the proper southern general in the west. It would have been Forrest. The marvellous military genius of this illiterate man, who at the beginning of the war could not have put a recruit through the manual of arms, showed him far superior to his superiors who sacrificed the southern army at Fort Donelson. The lieutenant-colonel would not surrender, and his escape with his entire command proved that he could have executed the offer he had made to the commander to pilot the whole army out. From this moment Forrest moves on and upward with the stride of a demigod. The night after Johnston has fallen at Shiloh he alone in the southern army discovers that Grant is receiving by the river thousands as re-enforcement, and he gives Beauregard wise counsel which the latter is not wise enough to heed. Read his letter of August 9, 1863, to Cooper, adjutant-general of the Confederate States,[117] in which he proposes to do what will virtually wrest the Mississippi from the federals, and the sane comment thereon of his biographer.[118] Think of him just after the battle of Chickamauga; how, had Bragg listened to him, he would have reaped the fruits of a great victory which he was too stupid to know he had won. Meditate the capture of Fort Pillow, in spite of its strong defences and the succoring gunboat, by dispositions of his troops and a plan of attack which, though made and executed on the spur of the moment, are the most superb and brilliant tactics of all the engagements of the brothers’ war. And his incomparable conduct by which the army of Sturgis was almost annihilated at Brice’s Cross-Roads. The conception of Forrest is as yet, even in the south, very untrue. He is thought of only as always meeting charge with countercharge, in the very front crying “Mix!” sabring an antagonist, and having his horse killed under him. When he is rightly studied he is found to be a happy compound of the characterizing elements of such fighters as mad Anthony Wayne and Paul Jones, of such swoopers and sure retirers as Marion and Stonewall Jackson, of such as Hannibal, whose action both before, during, and after the engagement, is the very best possible. Of all the northern generals Grant showed by far the best grasp of the military problem. I think Forrest’s grasp was equal. Toombs would have divined the genius of Forrest. The confederate army under him would probably have equalled—possibly surpassed—the achievements and glory of that under Lee.
It was one of Toombs’s epigrams that the southern confederacy died of too much West Point. Of course one must not unjustly disparage the military school. Yet there were plainly graduates on both sides who had in them too much of it. This was true of Halleck and McClellan; also of Davis and Bragg. Mr. Davis, by reason of his exaggerated West Point spirit, was not nearly so well qualified as Mr. Lincoln for finding the few real generals in the south. Toombs, with the help of Stephens and all the real statesmen of the section, would have kept the best generals in command.
Let us briefly summarize. Had Toombs been president these things would have followed:
1. The cotton of the south, fully realized as a resource, would have given her an adequate gold supply, a stable currency, and an unimpaired public credit. It would have also kept our ports open and the hostile gunboats out of our rivers.