New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1843-09-15
cotton growing and Protection.

The ouponenss of the Protective Policy have
ever contended that while, per chance, it might
be of some advantage to the free labor Of the
North, which under system of free trade must
come in direct competition with the unpaid labor
OF Europe, II would be indirectly injurious to the
great cotton growing interest at the South.
Hence for the last twenty years every tarlfi law
has experienced the most uncomprcmislng hosuh-
ty from the whole cotton growing region OF the
United States But, as We have long predicted,
the time has come when the cultIvators OF cotton
see and acknowledge the error-the fundamental
error of their ideal theory Of political economy.
Plain, simple and undeniahle facts now looh men
square in the face, and they must see them, and
do see them, save a few, who choose 10 play the
fool close their eyes at midday and declare there
Is no sun In the heavens, no light IN the worio:
Now Tor the facts: During the year io4i
there was imported from the United old1es iii.o
Great Britain according to the returns maze 70
pa,Earoent. 358. 24O,964 lbs. of cotton. SO much
nv tbe credit Of low duties IN this country and
tho nol;cv of free trade. During SIX months IN
,he ,rcsent wear the same authority gives an I'M
mr.. from, the United States 305, los, 1856 lbs;
showing an increase Of nearly 100 per cent. Ii
the demand for American cotton shall be as good
for the balance of the year, the aggregate will
be 6l0, 2ll Az lbs Here Is precisely the result
which the advocates of encouragement to home
production anticipated from the Tariff; by more
industry, more economy at home, and less con-
sumption of foreign goods and less Importation,
the cotton growers would Of course produce more,
sell more and buy less; and just like other peo-
ple at the North, get rich by the operation. Ev
ery body knows that for some years immediately
before the present Tariff law was enacted, the
balance of trade was most rulnously against the
South So much so, that exchange on New
York and Boston was often from D to lO per
cent. at New Orleans. Now, mark the effect
that the sound Wing policy of producing ali
within ourselves that can be done, Of selling as
large surplus as practicable, and consuming as
little of others products as convenient, has hao
upon the Southern States. 1t has taught the
Gotten growers that they can grow all Their
breadstutfs and provisions without diminishing
their crop Of cotton; and hence they have more
of this staple for export and can afford 1t less
price. The cheapening of the price has IN turn
increased It's consumption in England, France,
Germany and the United States.
In the manufacture of satinets, and great va
riety Of other articles, it now takes the place Of
wool from its extreme cheapness. AS 1t might be
expected, under the system, the outlines OF which
we have but family sketched, the cotton crop Of
f-N''N
from years sklful and economical farming
This is paid for in specie, as the following state
ment Of the arrival in specie at Newt Orleans for
the last six months demonstrates:
February So, 257, 726IJuIy ....,sl 100 1913
March $40 l76 August. 1895, 100
April. 1921 ,3a2 $500 $500
June .... o,sa7,6ii Total. .S4s los. $50
We copy the above table from Hunts Mer-
chants Magazine for this month, taken from an
official source.
1t will be seen by the above figures that taoen
ty-fpe millions Of dollars arrived at the port of
New-Orleans alone, within the two months of ia
ly and August as the balance of trade at that
point from the sale of agricultural products.
Compare this statement with that Sub Treasu
ry--gold hrmbug-free trade condition of things
which existed when Loco Foco VAN buren, left
the Presidential Chair for his Country's good, in
most unwilling obedience to the sovcrei gn will of
three quarters Of the American People!
TBuffalo Com Adv.