The Daily Times.
Liverpool, Merseyside, England, 1861-01-24 00:00:00

The chemists and druggists of London met
yesterday, for the purpose of forming a general
united society of the trade:
A large portion of the city article in the
760 is devoted to the subject of• the gold
remittances to America. It is said that only a
very insignificant portion of the £3,000,000 sent
to New York has been employed for the purpose
of buying bills of exchange. Had the whole
sum been so employed we should have had our
gold back. It is the tact, however, that the
principal mass of the remittance has been for the.
purchase of stocks, railway shares, &c., "Which
have been bought on terms that have caused a'
rise of 20 or 30 per cent. in the New York
Market, and unfortunately these, and not our
gold, are being poured upon us. While our own
share lists show that in many cases their value
on this side is 10 or 15 per cent. below the prices
given for them,—while we are likely to smart
heavily,..Anterica has as yet no cause for com-
plaint, her largest speculative stocks are about
10 or 15 per cent. higher, and her chief articles
Of produce abmit 8 per cent► higher than before
the disunion outbreak, while there is an imme-
diate prospect of her enjoying an abundant
supply of capital at a rate about 1 per cent.
below that which we have to pay on this side.
It would appear that if the secession question
could be kept open for agitation about the time
of the cotton crop coming forw'ard) both north
and south would profit by it. On orle day after
the arrival of the Liverpool steamer the trcins,
actions in a single stock in favour with English
speculators represented a cash 'total of nearly
half a million sterling, in some cases a jump of 2
and 3 per cent. took place between each bargain.

THE COTTON SUPPLY.

Mt Cotton Supply question is not dne upon
- Which our readers will expect us to be able to
give them any original information. It is a sub-
ject upon which, we feel assured, many of our
readers are much more enlightened than we are.
The question falls to be dealt with by men whose
time and attention have' been deioted to the
trade, and *hose practical e:tpetietiee etititles
them to be heard as to the best means of increas-
ing and rendering more secure an adequate supply
of the raw material to meet our vast requirements.
But we are easily able to appreciate the great
' importance of the present danger which threatens
to impoverish the country by a deficiency of
material, and the imperative necessity of instantly
taking any steps that may be within our power
to supplement the present sources of supply. At
the same time, it is of the utmost importance that
we should arouse every class of society to see and
fully appreciate the immense significance of this
question. There is a very large and influential
section of the community who have no more
apparent connection with Cotton than Cotton has
with Congou, who may be apt to overlook the
fact that, after all, there is some truth in the
Americanism that Cotton is King in England.
Those traders must be brought to a sense of the
fact that the Cotton Supply Question affects
every branch of trade so materially, that our
national importance all but depends upon. it ;
and that to cripple the supply of that material
is to injure every other branch. of industry, to
pauperise the mass of the population, and to sap
the very foundations of our great commercial
prosperity. At present, we depend for about 85
per cent. of our whole supply upon the Southern
Slave States of America. Circumstances have
occurred which make a certain amount of defi-
ciency unquestionable, and which are ominous
of still greater disturbances that may yet render
that deficiency overwhelmingly great. • The
frequent bickerings which of late years have
tended to shake our confidence in the country
which is the great source of this supply have
repeatedly been dwelt upon as ,a reason why we
should seek to enlarge the area of our Cotton-
producing fields, so as to avoid the humiliation of
being for ever under the obligation of succumbing
to the capricious dictates of our American cousin*
but still little has been done effectually to remedy
the weakness. The present crisis in the United
States, however, has shown more forcibly than
ever the possible, if not too probable, consequences
which may one day, sooner or later, ensue from
our continuance in a state of such entire
dependence upon one chief source of supply for
this essential material of manufacture. It has been
made equally manifest, over and over again, that