Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-11-14

OOStOh Iro0es
MonpAY EVENING Nov. IS.
In 1855 there millions OF pounds Of
smed and in the United States This estimate
carefully made and approximates The truth,
that shall datum Tor what have say in this
paper Since 1885, the ulaon of this country has been in
ereang yearly Of per late census
SaOo persons per Putting tn OF 1880 at IS
mions -ound ber In 1895 Ibis calculation, there
Is millions people in the Uaos. Allowing the impor-
taon Of foreign manufactured goods since 1880 average
invaable quantity and it will be To do on examna
ton The consumption and manufacture OF the ce m
1885, amsunted eight pounds head For con-
sake will say eight pounds In 10 T. therefore,
have 2e millions Of pounds of be consumed and
manufactured in the United States
But arrive the conclusion from
another In 1885, there II millions of pind!e in
United 81. Averaging the description ihrown
spun for that year. nd it to be No. 81 The
assumption spindle for the production of such
yara 50 pounds of cotton Let US throw calculation
into a tabular form.
IL mill of s9iadles s,lbs each, sa,75oeoo lbs.
Loss from dirt and 25O,f00
Actual consumption raw cotton 7,ooc,o0o
Foryear 1885, loo,sooooo lbs.
Having verified the d. tum assumed setting out the same
result follow the coniumpten for 1887 The number
spndes United calculated from the data furnish
ed by the Manufacturers Convention in 1885,
The Compromise had happy influence upon
facturcs cotton FAR relief from legislation
could produce sxch result Since that time manuacto
ries have been going steadily and this would have
suned probably $50 millions OF pounds Of per
had Jackson and his party medded with the currency
But with nucleus Of manufactures under wholesome
money market, what may expect from it
will gather round il the industry of the country in hund
field RATIO and instead of experiencing decline the de-
mand for the article look for rapid increase
manufactures however will not ill all uncertainty
be done away with relative o the currency. We want
steady policy of be maintained by the generag
vernment
The value Of the raw cotton country may be
safely put 2ocad Say, 100 millions of pounds
One pound of cotton usually makes eight
yards muslin BY this in value
eight fold Here estimate well worth attending
100 millions actured, Sc per 10. $50 GOO
90 millions OF lbs. consumed, &c. per H. 100000
value OF Cotton consumed m 1887 S57 400 0o0
The New York Convention made the whole value Of
amounted fifty millions. So important branch of
astry then should at least be sustained by uniform policy
The South complain North upon capital
We had invested in machinery 1885, eighty millions of
dollars In 1887 is estimated nneycne millions This
year we purchase hundred millions of pounds OF
on for which pay them at least millions Of
dollars sthis nothing They tell export directly
10 England and get goods cheaper than give
them 10 us Try You will find that have other
ptal furnished by cotton OF the five hundred
millions founds of cotton raised by this take
hundred OFT that outlet and instead of twelve cents
Der pound will nine cents DO not Southern
the intimate connection sussstng between the
producer South and the manufacturer othe North Do
they that If they that connection they must
ii with Great Britain =
The United States been purchasing largely in Ma
Georgia. through its agency prices above The market
Large operations in with most OF the
Southern This advance the market rates is injurious
10 the Interests the brokers Some time since prophecied
occupation Of these gentlemen would be invaded The
prophecy is verified