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

MARITIME EXTRACTS.

'l* 7 ' tvs)tPopt, January 23.
The Vigo (is), takes out £59,000 to New York.
The Olinda, which arrived here from Maceio yesterday, Idith
cutwater started -and loss of, bowsprit, by collision off Point
Lynas Jan. 21,With a ship, naive Unknown.
The Cleopatra (ss), hence at Madeira Jan. 3, with loss of one
boat, having encountered very heavy weather.
The Saxon, hence for Lisbon, at Irotyhiad inth cargo
shifted. .1.: • • :in •1 r 1 • ' '

The Athlete (ss), from Cardiff rot thili port, at Kingroad
sal" with machinery out of gear. , : • i ••! -, .• . T :
Dunmore, Jan. 19:: Se'vtral pieces of wreck have bein icked
up heteto--da),, appitrtntly belonging to a large ehip, ongst
them a largo head or stern board, with " Melbourne" on it,
also the gilt head of a Man, about two feet in height, evidmitly
a ilectratlng-part of a ship's stern. , :./.liX
Wexford, Jan. 21: The discharge of thetiersailles•Contin es.
Queenstown, Nov. 23 : The Fortitude. isrbcing towepo nd
to Liverpool by the steam-tug :Fary. The IlmfueUet;from
Cardiff for Alicante, has put in here windbound, and captitin
dead.

Charlotte Town, Prince Edward Island, Jan. 1: The Pio=
rence, Gibby, for Liverpool, which was ashore at the entrance
of the harbour, has got off after discharging part of. cargo, and
been brought back here, where she will prebahly winter, Her
cargo was sold yesterday by auction, •

.
18
dCOUNT tuMtS. late stock of 61.-A ,-,41,.
everY deAcription Always kept in stock, and
- ;ref, to Order by experienced workmen.. Guar-
';'.nteed In open freely . and lie list.--ILENRIC
GILE4N WOOD, Wholesale and F.xpkt Stationer,
and ACcdunt 'Book manufacturer, 3t, Castle-
street. Works t Harrington-street.

lAit I E S-==lkkket Books—House-
keepers,' Ateount Books—Washing Books-
7. I great-variety, from Sixpence each.
1"/" NRY GREENWOOD,,WhoIesaIe and Retail
ranv.-(t. Stitiorier, Bookseller, &c., 32, Castle'-street.

JEWELLERY,' PLATE, &c.
W. .
TOOKE,
SUCCESSOR TO
4'41 F. L. IPAUSBURG,
Irtunng completed the selection of his Stock for the season, in
which will be found all the greatest novelties in fashion and
design, solicits an inspection of the same, comprising an
extensive collection of
DIAMOND AND GEM WORK.
LONDON' AND OXHER JEWELLERY
of the very best quality.
SILVER AND PLATED GOODS,
of the newest styles and designs, front the first makers.
_...E.NGT.TSII WATCHES, - • •
combinir,g all the latest improvements, and guaranteed to
", § j ;
_irerf9rni Irak the greatest Acenracy.

GENEVA WIVT.
from the first manufacturers.

170.11.1•:irould direct attention to his former connection with the
WHOLESALE AND MANUFACTURING BPINCYLLiS,
and likewise to the tact of his inahing'ali his payments for
PROMPT' CASH,

by Which he is enabled and deter Mined to OftbMit his goods at
'SUCH JfOI)22AVE PPICES
,that•no other house vat such advantageous terms.

OLD POSTOFFIOE-DITILDINGS: ;

LIVERPOOL,

such a wretched state of dependence is not only
derogatory to our national dignity;, but wholly
unnecessary, since, at less effort thall has been
ne'eessary to develop' the Cotton trade of the
Southern States of the United States, a far more
abundant supply can be readily obtained from
our own colonies: The question then comes to
be, what sacrifice on our part is required to
develop these new cotton-fields, and whether it is
worth our while to make that sacrifice ? In
short, is it
.not the duty
.ef all, not merely of.
Cotton manufacturers, merchants, and brokers) but
of the nation generally, to see to it that whatever
capital is required to effect the ciiltivation of
Colonial cotton-grounds is immediately raised and
applied ih the most likely places and with the
least possible delay. •
A fact is worth a thousand arguments. What
a wonderful trade, then, must it be that yields
the United State's a revenue of forty millions
sterling • a-year ! Transfer this to- our Indian
Exchequer,_ and we shall hear no more of mil-
lions sterling of deficiency in the revenue per
annum. And yet all that is required to effect
this transference is an investment of some eight
or ten millions in public works, As it is, the
proposed Cotton Company (Limited) meant to
effect a material relief in the supply by the expen-
diture of only one million. That the GoVernment
expenditure would repay itself, there seems not a
doubt. Whether or not the joint-stock company
investment wottld, under present circumstances,
even yield a direct dividend or not, there
seems to be but small reason to suppose
that the result would not amply) even if
'indirectly) repay the outlay. Ilut this is only
'autte-sided view of the question. What would
be the loss arising to England from a shortness of
the supply ? One week's deficiency would be
equal to a national loss of not less than two mil-
lions sterling ! Our Cotton-mills
,are supplied
for five days in the week by American Cotton
alone. Already it seems certain that the next
crop will be two monthS' work short ! And if
matters should grow worse instead of mending in
America, as they now threaten to do, what will
be the loss in money of three or four months'
deficiency ? Dare any than; without shiUldering
think_ for a, moinent of the consequences of such a
, catastrophe to this country, and especially to the
working classes ? It is something frightful to
contemplate ! More than that, it is very humi-
liating to think that England's prosperity shOUId
bo so unnecessarily subject to the caprice of . any
foreign State.
The question then comes to be, Shall we,
nationally and individually—for both efforts are
requisite .to effect a perfect cure of the evil—
hesitate to make some comparatively trifling
advances by way of prevention of evil, or shall
we Penny-wise-and-pound-foolish-ways, button
up our pockets and stolidly await a catastrophe
which might plunge us in irretrievable ruin ?
As we have already said, we profess 'ourselves
neither oracles nor prophets on this subject; but
the would call upon our readers of every class—
' entiunereial and non-commercialwho have any
stake
.in our national welfare, and , any philan-
thropic interest in the well-being‘ of the people,
to read, study, learn, and inwardly digest the
facts so forcibly brought forward by the speakers
at the Manchester meetings on this subject,
Which have been reported by us yesterday and
to-day. ',Next to Manchester, Liverpool is chiefly
interested in a prompt, intelligent, and enter-
prising treatment of this greatest 'of all home
commercial questions,—that of .• the- Cotton
Supply.

FOREIGN INTELLIGENCE

FRANCE.

(FROM OUR ow CORRESPONDENT.)

I' lltls, Jan. 23, 1861.