Northern Times.
Liverpool, Merseyside, England, 1857-07-01 00:00:00

roads or eanpls, which would spare all the injury to the
commodity during its transport; and that if the whole area
of India will produce cotton, while yet there is not enough
produced for native use, it is clear that the needful stimu-
lus to its production remains to be applied, as was the
case with the American States while still in the posses-
sion of the Indians ; that the original equal badness of
silk, sugar, and indigo, now cured by the application of
European enterprise, skill, and capital, is the greatest
possible encouragement to supply those aids in the case
of cotton; and that it is of no consequence in this view
whether the Hindoos are or are not less capable than the
Chinese in the absence of European assistance, as the
15,000,0001. derived from their exports show what they
can do with the guidance and assistance now proposed to
be afforded to them; and, finally, that if irrigation,
canals, and roads, should cause an expansion of the rice,
in preference to the cotton crop, as a leading object, so
that cotton would only have the second place, the benefits
would be so great as to be, in mere prospect, a sufficient
encouragement to persevere in the movement ; but that,
if the American planters find cotton so remunerative a
product as to justify their growing nothing else where
cotton will grow, the Indian agriculturist may probably
come to the same conclusion. So much for the Indian
part of the case, according to the view of the movers for a
new cotton supply. A few facts related in the course of the
late discussions must be added. While our consumptions
of cotton doubled in little more than twelve years, the
Increase of slave labour in the Southern States was only
28 per cent. in ten years. To confine ourselves to that
particular area of production would be sheer insanity, if the
commodity can be obtained elsewhere, The area devoted
to cotton cultivation in India is, according to the testi-
mony of some East India directors, one-third more than
that employed in the United States, so that it is not land
that is deficient ; while labour is cheap and abundant,
and being free, of a better quality than the American
slaveholder can command. Mr. Bright's Committee re-
ported that there was plenty of land, plenty of labour,
a favourable climate, and already more cotton (including ,
the wild sort) than had ever yet been grown in the United
States. In consequence of that report the company
granted leases of land in India, thus removing one of the
impediments to cotton cultivation. Mr. Ashworth has
pointed out something more that might be done. He has
shown that if our manufacturers were to guarantee to the
company the amount of their land tax in the Bombay
Presidency, and allow all the cotton lands to be cultivated
Tent free, there would be a saving of half the amount paid
'by this country to America in excess of the prime cost of
its cotton crop. We paid ten millions in excess last year,
and shall pay twelve this year ; whereas the Bombay
land-tax would be guaranteed for four millions and a half.
We hardly remember a case :which-presents such a pre-
ponderance of argument on one side. "We have had
cotton ever since we wanted it," says one side, "and so
we may as well trust to having it still ; and if there are
half a dozen dangers in prospect, others will suffer as
much as we shall ; and if we tried to provide against
scarcity, we might find it troublesome and expensive, and
one 'cannot` be sure of success beforehand. Better fold our
hands, and trust to Providence for the subsistence of our
3,000,000 of cotton manufacturers, "Rather," says the
other side, " take the hint afforded by-scarcity and dear-
ness; remember that there are such things as bad seasons,
wars, and perturbations of the labour market ; and use
the admirable facilities for cotton 'production found to
exist in territory of our own. We cannot have too much
cotton, nor get it too cheap; while its failure or excessive
dearness would be a grave national calamity." 'No doubt,
the movement will proceed."--Daike News, June 30.

TELEGRAPHIC NEWS.

By British-4nd Irish Magnetic Telegraph.

TURIN, 30th JUNE

A• conspiracy tending to provoko disorder at
Genoa has been discovered, and forty persons been
placed under arrest.

Tile squadron .of Admiral Lord Lyons, expected
on the 4th ofjuly at Spezzi, and at Genoa on the
Bth, is at present at Leghorn.

PARIS, TITEEin r EvExpro.
To••day business has been done in the Three per
Cent,Rentes at 67, 45.

AMERICA.

[MU OUR OWN CORRESPONDENT.]

:SOUTHAMPTON, TUESDAY AFTERNOON.
Thefri.S. Mail Steam-ship Vanderbilt, with three days'
later news from the United States, arrived ;here this
afternooj, with the American mails, a full compliment of
passengers, and some specie on freight.
• __

t, The news to hand by this arrival contains nothing of
irnportance.!:The celebration of the battle of•Eunker's Hill
had passed off with great eclat on the 17th ult. Owing to
severe illness, General Scott was prevented from joining
in the prooossion. Reports from Washington assert that
General Cass was about to retire from the office of Secre-
tary of State, and it was expected that his successor
would be the Hon. Robert'Walker, now on a difficult and
delicate mission to Utah. Alluding to the much-talked-of
comet, one of the Boston papers says—" The hopes and
fears of those who thought the earth would be destroyed
on Saturday, by the comet, have been dispelled. The
world has since made an entire revolution on its axis, and
there is apparently no derangement of the solar system."
There was not any change of importance to notice in
commercial matters. Money was in fair supply, at last
,quotations. There was but little passing in Breadstuff's
or Provisions, and Cotton was held at the full rates .men-
tioned in the American circulars.

THE NORTH RENT RAILWAY ACCIDENT.

By British and Irish Magnetic Telegraph.

M.r. Carter, coroner for West Kent, commenced an
inquiry, into the circumstances connected with the deaths
of the eleven persons whose lives were sacrificed, in con.
sequence of the accident on the above railway, on 3unday
light last., After the holies had been identified, the
inquest was adjourned to Friday. The life of one of the
sufferers at the Plough Inn, at Lewisham, is despaired of.

' LONDON COURT OF BANKRUPTCY.-YESTERDAY.

BEFORE MR. COMMISSIONER EVANS.
In re W. J. ROI3SON.—EXAMINATION OF MR. E. T.
SMITH.—This was the:day appointed for the examination
of Mr. E. T. Smith, of Drury-lane
.Theatre, touching the
estate and effects of W. J. Robson, a bankrupt in this
court. Some difficulty had been experienced in obtaining
the attendance of Mr. Smith for this purpose ; but it was
stated that this was owing to his having suffered from
indisposition, and the explanation was admitted as satis-
factory. Mr. Mount, for the .assignees, stated that Mr.
Smith ha& on the previous day, rendered him an account
of his transactions with Robson, which showed a small
balance due to the estate. Ultimately, the matter was
ordered to stand over for a fortnight.

THE QUARTER'S REVENUE.

By British and Irish Magnetic Telegraph.

The returns were made up this evening, June 30. The
nett deficiency on the quarter will not exceed £350,000.
11
~,,"revenue for the year shows an increase of about
w'°Q° ; and the total revenue collected for the year
ter' amount to .4'72,000,000. i large portion of the quar—
s 4eficieneY, namely, £240,000, arises from the post-
poned payment of the hop duty. There may be said to
be a falling off of more than £lOO,OOO upon the quarter's
deficiency, Which was £1,200,000. The actual result
affords
a very favourable idea .of the condition of the
revenue.