Whig Republican., 1840-11-12

ION in Ind az involves the mogtaA'nspe1ts
Of all. To reap the harvest enect'r-
,llv of such a rich and extensive field, capital |
must be employed in masses. 10 estaol'sh
the cultivation IT cotton in India is precisely
one of those great experiments winchInhlslu-sl
nal nossessors os small capitals cannct afford.
They must have not only large but Immediate ]
nro6ts to reimburse them for til lr invest
ments: whereas, for large capitals, a moGef-
ate profit is high rate of interest, and. what
is so Indispensable in cultlvating the ss1l' i
with a.view to ultimate success,1 large capi -
tails can afford to wait year or SO without ]
return, until they have efficiently prepared tlie
field from which their profits are to come. For
these, (and many other reasons ton obvious to-
mercantile men to need recapitalnting ev-
cry obstacle should be removed and leserysen7
givcn'' to the estahlishment of
public companies for the cultivation afcotton
in India. This is the way to attract ea2ittl
to India; and we trust that within mod
crate compass of time I'VE shall see conPa-
nies at worksfor the purpose 9insall the three
provinces of Bengal. Bombay and MADRAS.
Since writing the above, we have receised
On account of large meeting held at Man
chester, on Wednesday evening last, for the
establishment of 6 Northern British. Central
India Society From the tone of the two.
SPEAKERS, (Mr. George Thompson and; Mr..
OConnell) the proposed Society seems to take
the philanthropic rather than the commercial
view Of the question; and as IS too often the.
case with philanthropic zeal, the tone appears
in some respects. iuconsiderate and exagera-
ted. On future occasion, we may fnd space.
to comment in detail upon the views of this
Society; but there is nothing in the report of
their meeting on Wednesday last to modify
the remarks we have already made on the
subject.
The correspondent Of the National Intelli-|
gencer, in a letter dated Paris, Aug. %. con-
tains the following remarks Oh this. interesting
subject, which we commend to the serious at
tention of our southern friends. They may
rest assured, that the powerfuls interest now
enlisted in the accomplishment of the obitct
set forth. will not halt in their co1se until
the most thorough trial has been made to at
tain is--so we again urgesnpon them not to
pass the subject by lightly but to prepare
for the event, and turn their at /
tention in time to other objects, and not be en-
crossed with the production Of their great VIA
pie, to the entire exclusion of s.every thing
else.
Among the documents sin sytair printed |
budget are two which deserve a particular i. no.
lice; one tie full account Of the proceedings
of the meeting, on the 18th ms. :. of the Man
chester Chamber of Commerce, ito receive
the report ef Directors on the IN easuress taken
by the East India Company promoting the
growth of cotton in India; the other, s.the T
memorials addressed To her NJ ajesi US G overn-
Inent by British merchants interested in the
trade with China 2 At the AIaneElester meet
ing the chairman opened the business with
these remarks:
s. India was eapablesof furnishing any quans.E
.ity of cotton.for the supply of tho English.
narket. and after the Director Of. the East
India Company had sent down to LiverpoolI
md shown them what had been done he4s
thought there was no necessity sforsthe Board
making any apology for call ling then, together.
Fliere was nothing in the course (which the
,hamber bad pursued that could afford tlea
east ground Of jealousy on the part of ts:e;rl'
1rethrenn Of the United States. Tie Chan,
,er he had doubt were all " isllffil ti,at i've
should deal wit. our own colon les. in tbeirj
produce rather than with other md n,Ieoeasl
lent countries. 2
It's not lorg since ssw joyous para
yraph in the London papers, annpnaciag the |.
'rrisal Of sixor seven experienced native
'laDters Q our Southern States, OH tile r MA
9 India to teach the growth Of cotton there.
The Court Of Directors Of the IIonorabie East
ndias Company had as you may now. taken.
teps s.to engage parties ID the United stat as
Wiling to proceed to India, and duly qasliiiedl
or the ofinstructing & sppe 4 nts.d mo
he niltiyes in the cnltivat ION Of Gotten and
he epsope mode Of cleaning it by.snacaJIAsr
rhss honorable Geals had aniii,orizaesl the S..
rnortoso offer large rewatds s.im,,llate ssI,s
lesiFed oynments; and joisss ra lls sas,res
veresadopted to remove all intsftla siin9aea;.s
nen1s' such as transit duties &c 60 lis jr.,-
nensesobjeet. The Governor tisl So aa,.sra
ngly, and the Company sent ,,apsai, 3saslss
otbe united States wlloen nlisted che ,,,snt I
e above mentioned and bfonght out seeds an.I :
~ gins Experiments made at Liixereas,
elore depudatiens Of The AIaiclssser 5,
er and he Court Of 14ra,t - 80 S