Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-05-13
COMMUNICATIONS.
AMERICAN INTERESTS.
No. ~.

| No. ~.
Ert,aet from the Circular OF Messrs. freeman an'
n Cook, dated London, January I, lsi2.
, "Corros The cotton trade with India for tn
last years, has been highly important IN every
. point OF view. The imports IN ls.l reached near.
| ~ one third those from the United States, which
has very depressing Influence on the value Of
! American Cotton. The manufacturers, however
have been beaehued by an ample supply, at very
low rates. The imports from India for the three
years preceding 1910 average only about half the
present amount, OF 273 500 bales. Last year ih,te
were taken for home consumption OF India, las OO
bales, against $4,000 in isi0-ios EXPORTS 65,9Oo
against 81 l60-leaving the stock 500 against
9s soc, and the following are the prices; Mary
land SAD, Annawatty SD. Dholeieh Sid. Surat 81
to ID, Toomel AID TO ~, Madras, Northern and
Western, $40 TO 81; Ouinevally AID TO lid, and
Bengal 81 TO Isd, being 10 per cent lower IMAM the
prices last year."
Extract from the Circular OF Messrs. freeman and
Cook. dated London, February LIST, isis.
"Thc extensive public sales OF East India cotton
on the goth last month attracted considerable nen
ton, there having been offered no less than 10000
bales. So large quantity was seldom brought
forward 10y the East India Company, and except in
June 1886, no sale OF equal magnitude has taken
place for the last 20 years. There was numerous
attendance from different parts OF the country, but
as transactions IN the market had been Tor some
weeks before almost suspended, the sales eommenc-
ed quietly. II was, however, soon discovered that
exl orters were in possession vt considerable orders
! from the continent, when the bidding became spi
rited, and so continued until the end IhTee>iourths
OF the quantity disposed OF at full prices, and
the whole thirty thousand blles could have been
\ readily sold, had the proprieioTs been disposed to
meet the demand; and, indeed, much larger guam
tuy. The erpsrimsris ,eAseh ihs Eas! India Cons
PIny making for the improvement 81 shts SdPis
TX iy 10 b. attended ,cik success; for thy hare
r9eeaIp ree,irsd rery Interesting specimens Of
cotton produced in iss prorincs Of Bengal boh from
naiirc and .lmsrieDl seed
The rcrier will notice the vast increase Of India
cotton. and should remember that the Efforts 10 IN
crease The quantity have but just commenced, and
ina, the same mems aud appliances have been put
into operation in regard to the production of cotton,
that adopted 10 increase the production of In
diso and otter articles, and will Doubtless be ai'
tended with the same successful results. Judging |
from past experience and the course OF legislation
IN Great Britain, we are rapidly approaching the /
time when we shall and feel the fatal effects OF
a strong discriminating duty laid in England in ia
vor OF cotton OF heir oicn colonial cultivation.
The consumption OF cotton IN this country IS now |
$50 OOO ba es OF 400 pounds esch lao millions of
pounds. | have been informed from undou b,od !
source, that the consumption OF cotton be I
brought up ~ 700 900 bales, or $50 millions of
pounds IN ten years.
Why, then, should we not seek market at home
for this most important staple Looking To the |
practice, and not the professions, OF every Govern
mont IN Europe, what are we 10 expect from them ?
Can the agricultural States hestate7 Where is
lumber, sc. Toblceo IS received Ivy them with
duty of 500 rc- ccnL-Pork, Seef, FISH, lumber, |
flour, sc with such duties amount 10 uttcr and .
entire prohibition.
What then, shall we DO in this posture of our /
affairs What can, and what shall, Virsiniaus DO .
TO secure their natural advantages, and protect their
own Interests and those of the whole Republic -
There lie but one course left for u 10 pursue
We have great country, combining almost every |
soil and climate advantages far greater than are en-
Heaven
with n fee Government OF our own choice, and in .
our own hands We have, too, an intelligent, en-.
terprizing aud viriuous population, competent to
supply themselves with every article Of necessary
food and raiment. What, then, II Is again asked,
shall we do2
The answer should be in the mind Of every true {
hearted American-iei US set about clothing well
feeding ourselves from our own njusry-let US
import less and manufacture more The establish. Il
ment Of manufactures in this Commonwealth would
at create a home market for our agricultural.
products, We should then diversity aUor, and turn
part Of the producers Of corn, wheat, pork and
beef, 10 consumers.
Il is the division Of labor require in this coun.
try, and in no State OF the Union more than Vlr-
GINA. I
Let US at once improve the mighty water power
which the God OF nature gave TOR some other
purpose than to run TO waste. Upon our James
river the site for mills is unrivaled; perhaps there s
no water power IN the world which Is It's superior.
That beautiful water power upon the Potomac at
Georgetown can he purchased for a trhe, and vet
it remains unoccuped. and why Is il not, that
we have had too little confidence in our own capa
cities and powers, and looked to Foreign countries
with child like feeling, that could not think /
and act for ourseNes7 The time for action has ar
rived; We must do something, we owe TO ourselves
TO our children, ard above oil, to country.
We have prlncely heritage, let preserve it,
shall leave this important question for the pre-.
sent, with a sincere hope that the people may con.
sder fairly the hints have given; with nten.
ton, however, of pursuing, in some future num-
bers, another branch of the same subject in our
NATIONAL ECONOMY.