New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1843-12-30


tain thew commenced the culture OF Indigo IN
tho East Indies, and continued decelvlng our
neone by fallacious representations, until about
for,y years ago they had SO far succeeded as to
r.;se sufficient for their own consumption and
destroved the market for the American article,
and Of course we had to stop producing it, and
turn our attention to something else That this
il the course pursuing in relation to our Cotton
;s evident from many facts OF recent occurrence,
and among others, from the public sale OF Cotton
At Liverpool on the Sd of March, l643-when
Madras and Surat Cotton sold for 3sd. to 34d.
for middling to good fair, SHth East India
Western kind for Sd. to 3Id. for ordinary, and
Demarara Cotton for 3D. to 3 I'd. for very common,
scedv and stained, and 64d. for far-whe at the
same sale American Cotton sold ior SD. o4d.
for ordinary to GOOD. What chance have we I'M
der such circumstances None; unless we 90 as
the Englsb are now doing, build up home mar
ket where our Cotton will command steady,
uniform price. and no East India or Demarara
Cotton can come into competition with 1t. Every
wear Will make it worse. There may be PERIODS
of occasional excitement when the prlce oil Cot
ton vii! appear to revive; but the general tendency
will he downward, until many ofour planters will
be compelIed to turn their attention to producing
some other article, unless home market should
he previously created TO obvlate such effect;
without that the Southern planters Will never
aqain see the day when they will get such
n@;ces for their Cotton as they did some seven
or eight years ago. | may be told, perhaps,
that was temporary depression IN the price OF
American Cotton and that it has much improved
since. It's not so much for the particular price
that cited that instance. to exhibit the prln-
ciple OF the competition which the American
grower must always meet IN that market, and
with a continued and increasing force. But let
US examine the Improvement, as it IS called:
The following statement exhibits the price OF
American Cotton in Liverpool on the 22d OF Sep
ternber last. little short OF month ago. COM
pared with that of the growth of the British Col
onics and Egypt
Upland cotton "a to 81 W = TO cd
New Orleans 81 to cd Egyptian 5'd to cd
This view is certainly any thing but favorable
to this country. The import OF Cotton INTO Lay
erpool. for the week ending on that day was Still
more unfavorable, showing only 2,44l bales OF
American Cotton, while that from the East In
dies amounted to 12,40l bales. On this, how
ever. place but little reliance, many crcum-
stances not connected with the general trade
NAV have affected the importatons of that par
ticular week. My main object IN noticing 1t,
is to show that Cotton continues to be imported
from the East Indies. have not referred to the
price of Sea Island Cotton, as that species can
never be more extensive than at present, and can
never be Of sufficient quantity to regulate the
market If, however, it should be thought
that should be brought into the estimate, L
would then observe, that at the same sale,
while American Sea Island Cotton sold for
from I'd. to 3d. English Barbados Cotton sold
for not less than Sd. Thus showing that,
so far from initiating against the view which !
have thus taken of the American Cotton Market
in England, and the effects produced upon 1t by
the British system of policy, the increased prices
sustain IT, and enforce upon US the absolute ne
ccssity of looking at home to the sustaining OF
our own products.
At the commencement Of the present year the
English correspondents Of some of our presses
informed u.s. as interesting news from Bengal, of
the entire failure on the part of the American
planters to raise Cotton in that District, and that
the United States Cotton growers have little to
fear from that quarter for some time to conc
The English would have had us believe, that this
was failure to raise Cotton in the East Indies,
and not confined to comparatively small extent
of country 1t emanatcd from a source known
to be adverse to the Protective Tariff policy of the
United States, and is therefore to be ranked with
the cry of Free Trade, the reduction of Eng
lish duties on American Products and the mo-
dfcaton ofthc Corn Laws, which have been SO
long used to prevent the people of the United
States from adopting as settled policy the Pro-
tcctivc Tariff System. That they arc busily en-
gagged in fostering the growth of Cotton in the
East Indies is evident from the official statement
of the stock of Cotton in Liverpool on the 3lst Of
December 1910 and 1912:
United States. East Indies
In 1870 there 27l .l7j bales $3.50 bales
In 1912, the Cottoa
had decreased TO- 200 100 the other sd 100, SO
So that the East India Cotton from being less
than one seventh Of the amount of the United
States Cotton in lS40, had increased in the two
years. at Liverpool alone, to become more than
onc-third The stock of Cotton on hand in all
the ports of England and Scotland in 1910, was :
United States 80 9ao bales Ea,, Indies % coo bales.
In 1912, the United States had decreased to
2S3, 4l4 bales, and the East India Cotton in
creased to LAS bales.
This does not look as if the East Indies could
not raise Cotton, or as if the English would not
use it, as we have been frequently told of late
There is certain and steady increase every
year in the quantity of East India Cotton sold in
the English market, and an equally certain and
steady decrease in the demand for the Cotton Of
the United States in that country. This simple