Northern Times.
Liverpool, Merseyside, England, 1857-07-10 00:00:00

issued by their late solicitor, Mr. Rymer, and to
submitting an account of the position of the
bar k.

The half-yearly meeting of proprietors of the
English, Scottish, and Australian Charterad Bank
is called for the 14 h August.
The half.yearly meeting of the Australian Trust
Company is called for the 31st instant,
The fourth call of 21. is to be paid on the Bark-
ing Extension shares of the London, Tilbury, and
Southend Extension Railway by the Ist of
August and the final call of 21. on the new
shares in this undertaking (first issue) by the same
date. _ _

This afternoon a special general meeting of the
shareholders- in the East Kent Railway Company,
was held at the Company's Offices, Moorgate-street,
London- for the purpose of considering "a bill for
making a railway from Herne Bay to Faversham,
and other purposes," and also " a bill to enable
the Sittingbourne and Sheerness Railway Com-
pany to alter their line and make working arrange-
ments with the East Kent!' The chair was
occupied by Lord Sondes, who moved the resolu-
tions necessary to effect the objects of the meeting,
which were unanimously adopted.
This afternoon a special general meeting of the
proprietors of the Great Western Railway was held
at the Paddington station, • the Hon. F G. B.
Ponsonby, Chairman of the Board of Directors, in
the chair. The object of the meeting was to con-
sider two-bills under the Wharncliffe order, viz.,
" A bill to authorise the London and South
Western Company to make deviations .” from their
authorised lines," and "a bill to empower the
Staines, WOltingham, and Woking Railway Com-
pany to make a line to connect the Reading, Guild-
ford, and Reigate Railway with the Great Western
Railway, and for other purposes?'
The submarine telegraph between Newfound-
land and the continent of America is again in
operation,. and we learn that the screw-steamer
Circassian will receive telegraphic dispatches up
to the hour of sailing on Saturday afternoon. The
Shakes of the Atlantic Telegraph fell £35 to-day,
equal to five per cent.

THE COTTON CROP.

CONSIST.ENCY IS A lEWEL.

So think Stewart and Co., of New York, in their circular
prepared in New York, under date of the 10th instant, to
go to Liverpool by the Arabia, they say :
" The new crop proceedsunder very favourable auspices,
and complaints which a few weeks since were common, of
cool weather and too much moisture, have now nearly
entirely disappeared. The more respectable Southern
papers deprecate the tendency every spring to cry out
about "backwardness" and "replanting," when experience
has shown that all late springs, or what are termed cold
ones, are invariably followed by continuous hot and dry
summers, the very thing essential to the cotton plant
fruiting well ; and this summer certainly shows
no indication as yet' of being an exception. The
area covered by the plant is now so large that it is
unnecessary to predict a large crop, for it is apparent to
every one that it cannot well be otherwise than the larpst
one ever grown. Where the ground is moist, vegetatic,n
in our climate is so rapid that in a few weeks there will be
no evidence of backwardness, where any may appear to
exist at this date. Planters are now,• busy weeding out,
and that requires the entire force, for where the grass is
rank the young plant would otherwise be choked, and no
hot sun hereafter could retrieve the lost ground. This
accounts for the small receipts we are now recording of
the old crop."
Unlike many of our cotemporaries of the press, we are
not willing toisubmit to their remarks without comment.
They commenced the spring with misrepresentations, and
for the sake of giving their course the appearance of con•

sisteney abroad, they have cautiously continued the same.
course. " The 'crop proceeds under very favourable
auspices." If the erop had had anything like a fair start,
it would have been proceeding under favourable auspices at
the time they write; but when taken into account that the
cotton plant is all of five weeks behind the most unfavour
able spring we ever had, the prospect materially changes.
Instead of being full of blooms, as has never failed to he
the case on the 17th of June (the day we write), the
plant has not even advanced so far as to have forms,
and much: of it is not within fifteen days of that
stage. The most forward . plants—except an occasional
isolated crop on, or near the coast—will not have blooms
before the 10th of July, and as it takes all of six week s
for the:first bleonis to mature, cotton will not be sum-
uiently open to commence picking before the last week in
August, or the first of S:mtetuber. If this is what: they
term "very favourable auspices," we think they must
mean for a very short yield. Last year the first bag was
received in this place on the 31st July ; the crop, as
already shown, will be less than three millions bales. Put
the opening of the present crop one month later than the
last, and what must be the result? Is it. not as plain as
that twice one makes.two, that it must be considerably
below that of last year in yield ?
As to the increase of surface planted, on which these
gentlemen have, and oontinue to harp so much, if such
has been the case, will lose its effect on the turn out of the
crop, for the reason that it cannot be cultivated. The
crop coming up so late, no planter will be able to cultivate
the same surtace to the hand he did last year, and all who
attempt it will so injure the whole crop. as to greatly
diminish its yield. This will as surely be the result as it
is undertaken.

What respectable Southern presses.do,those gentlemen,
allude to, which. deprecate the tendency to cry out back-
wardness ?- We receive daily, at our office, every Southern
paper whose opinions in the matter are worth a groat, and-
we have seen nothing of the kind in them. What we have
seen in them: to object to is the frequent copyin:; into their
columns of the misrepresentations..of these gentlemen, and
others alike character from the same locality, and for like
purposes,, without showing uP their. falsity and giving:the
true state and prospect of the cotton plant. Whether this
course has been prompted bya. disposition to avoid con-
troversy, or from an ignorance.of the facts, we cannot say.
We have the charity to believe it is the latter.
We saw at a glance, from the first, the object of these
harpies was to depreciate the apparent prospect of high
prices for the staple over the water, for the advancement
of parties other than holders. on this side ; and as awe
sped on, the work of misrepresentation improved, and
quotations from circulars of former years—equally as void
of truth— were brought to. bear to prove their truth.
These things were met by us in their time, but awing to
the limited sphere of our circulation, our•articles hardly
caused a ripple. on, the surfade. Out of our number of

exchanges, we neither saw our articles copied or the sub_

jest alluded to, by the press of Savannah, Charleston,
Mobile or New Orleans, Their silence, while they were

copying, the: misrepresentations—thereby s'aently giving
credit abroad to them—not only du themselves injustice,
but seriously affected, wrongfully, the pecuniary interests
of their own citizens.

We shall continue to notice misrepresentations in regard
to cotton, no matter how high the source, and hope to be
barked by the press of our section. Having been reared:
to the cultivation of the plant, and spent all our life in the
midst of the cotton region, our observation of the effect of
various causes, for good or evil, on the plant and its yield,
is inferior to few, and all who know anything of our views
as to yield heretofore, will give us credit for too liberal an
allowance.—From the Cultsmbus (Georgia) Daily, Sun, June
16, 1857.