"Food for Cotton"

[RJNorton]

In Lincoln and the Economics of the American Dream historian Gabor Boritt writes, "The good Whig Lincoln saw commerce as a glue that bound the Union together. Throughout the war he showed much more leniency toward trade across hostile lines than did Congress, not to mention the military. Immediately after the firing on Sumter. As Lincoln shifted the tactics of his peace work in 1863, cotton came to play an increasing role in his thinking. He tried to be careful, recognizing inherent dangers in his policy, fearing an atmosphere where 'profit controls all,' even the army. Nonetheless by early 1864 he prepared a careful program with the aid of Chase, and others, that invited Southern planters, for three years unable to freely market their cotton, to take the oath of allegiance and sell their product to government agents for twenty-five percent of its market value. They were to receive the rest of their purchase price after the war, provided they had remained loyal to the United States."