New-York daily tribune., 1844-02-13
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The Prce o1 III J over the world. Why should
ply and den,anr the demand of the world tor
the arm ,Tbv should it diminish it 1t goes 10
COTTON a .be demand for the cotton. But the gen
ncre,' says we do not make ten millions OF COZ.
.l llen noods. Let them come from ABROAD anu W.
III oet more for our cotton. The consuGpnon nloG non
- cotfon in the United States ls ABOUT 4oocoo
hs,es There is much consumed IN ia.Ain
Ahont one fourth of the product OF oollon
consumed in this country. Instead oi ilai,u'"
.hst bere the honorable Senator "lShcs 10
a .a.' = ,hroad to be manufactured. lie thought,
s.iio s,,od do This. we could add to the export
- - ao,,on md thereby increase the demand ana
~ nrice Of the raw material, But, instead OF
;ncreasing ~, the price by sendir1g larger stoch'
von would greatly reduce it, and the Hlanuiao'
tnred cotton goods that you receive Ia IN, re'uin
viii he made Of India cotton mixeo WIFI fA"''-
mean Loonor ~ J;,,er-
rooi ~ tban in this country Prices, learn oy let
ters p from Liverpool, which l see IN the papers,
are likely TO remain on level Tor some li'ic
They calculate on a crop OF l,eOo,ooo oa!eS' anu
there Is aow surplus OF four rhon'hs cph ,.
SUMPTION. If they get no more tor l, Jour months
they SIP not be In want OF It, ne 10" Piioo
was ,he fleet, not of the Iantt, bat OF the over
production of former years. Cotton IS rlsing
here hpt not there. There is tendency here TO
oycrproduction of the article, and can prces oe
ma;r,tained against the same over production that
tool! lace in 1897? 1t is certaln that no policy
tb4t can be adopted can lead to q large increase
or IN. nrice of cotton. for there IS too much
PRODUCED now. You mast not expect to open
market for cotton to the extent Of your power
70 nroduce II. That will depend on the capacity
,,i the people Of Europe and the world TO cnll-
,,lfo4 and paw for it, and this is nctkcly sooa1 20
hf rauch increased
nrhe gentleman says all the South claims is to
he let alope-to be allowed to manage her own
affairs in her own way. That SIT, was not the
LEAGUE into which South Carolina entered and OF
which South Carolina has formed at all times SO
DISTINGUISHED and influential member. A large
portion of the honor and distinction which the con-
federacy has been able to bestow has fallen to her
share .and does she now desire to be let alone Sir,
she cannot be let alone. She has come into the
Union for veal or for woe, and she must share IN
the administration of the Government and abide
by it. 1t was the very object Of the Constitution
to prevent what the gentleman says South caro-
lima wants to do. Its object was to prevent lhe
admission of goods free Of duty, and TO prevent
any one State from standing alone IN her policy
At that time South Carolina did not look upon
not grown then in South Carolina. Inc Oonsti,
tution was established to enable the people OF
Sou,b Carolin and of all the States to enjoy the
frpits of their own labor, and to prohiblt the ex-
ressive introduction of Foreign Manufactures to
the destruction of their own industry
If South Carolina now claims to De relieved
from her obligations 1t is too late III she labors un
der grievances and embarrassments, they 90 not
arise from the tariff, but from the over-producton
of her staple, cotton, and from her inability to COM
pete In the production of that article with the new
and fertile lands of Alabama and Mississippi;
States which, if they were not pressed down by
heavy debt, would now enjoy a high degree OF
prosperity. They are now producing cotton at
remunerating lprices. This is not true OF South
Carolina The great difficulty with her is inability
to compete with the New States OF the South
West III the culture Of cotton.
That thing may go on. do not know where
it is to stop. We are to bring in new regions bet
ter adapted than South Carolina for the cutlva-
ton of cotton. Can South Carolina raise cotton
in competition with them? No, sir; South Car
olina can raise no more cotton when that time
comes. She will be obliged to do what the gen.
tleman says she may conceive it her policy to do,
become manufacturing herself; and, in my opin-
ion she may easily do it. She must either do that,
or else her citizens must emgratc with their labor
to newer and more fertile regions.
AS to the breach of the Compromise Act, do
not allow the right Of any to make an act that
is to bind me in this matter. When the credit
Of the Government is sinking, and business at
u stand, and the prices of our products reduced
to nothing, is Congress to stand idle and say that
their hands arc tied, and that they must see the
country perish believe that Congress did its
duty in passing such an act as would restore con-
fidence in the stability of the Government and
infuse life and activity into business. That act
has been followed by the most salutary effects
The true value of the act can not he tested un-
I'll we can see It's operation unlnhuenced by per-
petual agitation.
The Senator asks what New England will do
when South Carolina goes to manufacturing =
She will bear Il as well as she can. New-E Eng
land had acquired considerable name among
the nations Of the earth, by her commerce and
navigation, long before South Carolina ever rals-
ed pound of cotton. Her navigation began at
Z very early period. 1t was not twenty years
from the time when the colony was first planted
on the rock of Plymouth, that there were forty
sail of vcsecls aioat belonging to that colony
Long beore cotton was grown, New England
was the mother country to figh; her bat
ties. n fact, any thing that adds 10 the
wealt add prosperity of South Carolina will IN
crease her capacity to buy and to consume, and
will increase the commerce between her and
New England.
hNq seen Petersburg coltons sojd in Boston.
New England merchants bought them, and New
England vessels brought them to Boston was
glad 10 see that trade opening, for it will be an
advantage to both parties So salt is purchas-
cd IN Ohio and sold in Massachusetts.
The Senator says that in five years this sys
te.n vii be abandoned by the West, and the South
arl West will unite and destroy the whole Pro-