The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-01-29

Your statistical tables. do credit to the judgment,
industry and care OF the compiler, and SO tar as
have been able to examine them, his accuracy also
In the Herald of the 23th December, perceive
under the head Of movements OF cotton in the
United States,' table showing the production,
consumption and expectation of cotton for eleven
years, 1882 to 1928, inclusive.
was struck with the comparative smalness OF
the export value of cotton the last year, compared
with the preceding ones, in one of which two
thirds of the quantity had nearly the same value as
the greater quantity in 1923;
Noticing this fact, lad desire to lind from the
table what was the average export value of the ar
ticle in past years. In order to this, | thought ii
would be but. proper to exclnde ihe paper money
prices Therefore, took the fir our years 1882
and the last high one
In these four years were exported an average o.
million Of bales per year Cess 15,000)----yaue in
dollars. In the last year were,. by your table, ex-
ported million and half OF bales Qess 1000
value in round numbers, foriy-seven end Il i u
millions of dollars or, by the table, it appears tia
the export value OF III millions of bales IN 1922
is only two millions, specie currency, less than d
million of bales in the same currency, on an aver
age of four years QS32-3 to- lS35-6) Had the
average value Of cotton continued, the export Of
1923 should have been OF the value OF over 81
millions of specie, making difference OF 20 mil
lions. This is quarter more than the value OF all
the cotton taken for home manufacturing, which at
the average value above mentioned (S46 bale) IL
1t has been suggest, that the difference Of the
money value Of cotton at the periods of the above
average q to IL cents. per ID. and its value in
1928, Il a u cents per lb;) or 70 millions of dol
paw, in consideration of the manufacturers taking
1926 600 bales of cotton of the former; and The ar
gument used is, that since the first production Of
cotton IN the southern States, the manufacture II
Great Britain has kept pace with our production
II is thence inferred, that II we did not munufac
ture cotton, the vastly increased employment Of B
fish capital and laborers or operatives 10 supply the
United States, would increase the value Of the
material in England, and consequently the whole
crop, at least cents pound, or ID to 2Omillion
of dollars in value. To this the Intelligent ant
disinterested parties on the other side reply, thai
cotton has declined abroad because the supply
greater than the demand. "No," says the objec
tor, ''past experience has proved that the demand
goes on. and will continue, pari 2assn, with The
supply. II is you, manufacturers who cause the
decline; because the cotton planters must sell t.,
whoever will buy. Great Britain is the great buy
err The Americans will not exchange their raw
material for the manufactured one. They will take
money only; and such being the case, the buyer
must and viii obige the seller to take the lowest
cash price," -.
Now, Mr.. Editor, though am no abolitonisl
(yet hearty wlsher that our southern friends
may adopt Gurney's plan of paying, their la
borers, and making them support themselves
and feel most kindly towards all southerners,) ye
am sure they will cheerfully submit to exist
ing low prices for their cotton and tobacco
for the British Prices regulate ours--when they art
assured it is SO favorable to tho most importan,
branch OF American industry, manufacturing
which has never enjoyed greater prosperity than
the past year. Must not every American heart re.
joice in the fast approaching independence OF the
United States-for we have never yet been truly in
dcpendent-by manufacturing for the supply OF, al
our wants and wishes within ourselves! Let Inn
visit the Kentucky and Missouri hemp fields, tn,
Vermont sheep folds, and his heart will pusate witt.
JOY. Especially let him call in at the great manu-
featuring establishments of New England, wher.
thousands of Iadies-for all in that quarter la
dies-drawn from the drudgery OF their fathers
farms and their mothers diaries, are transformed
into Industrious spnsters or religious, moral, ie-
rary. accomplished, well-dressed ladies, with whom
every visier is delighted.
Judge, Mr.. Editor, you are not so favorable to
a protective system as some Of your neighbors.
think, however, you will have candor enough to
publish this and will see by and by that the accu-
mutation Of capital by, rich manufacturersIfo'
merchants as class seldom are able to accumulate
from the risks they are obliged to takc-wi ap
pear to you it does to Others, OF the greatest ad
vantage to the State las well general governments
by either of which, capta-lke fluid collected IN
to great reservoirs-can, In case OF need, be obain
ed some how or other; but, If left to flow at large
like little wells, brooks, streamlets and ponds, can
only benefit those in the neighborhood. know II
is said by some preiudiced persons, that II is anti
republican to make the rich richer and the poor
poorer but for arguments sake, admitting the
fact where can the government borrow money, the
sinews of war, but from our own capitalists Fo.
reign capitalists will not lend us, and non-capta
lists at home cannot. Our revenue 10 tour millions
short-we must establish line of posts to Oregon
annex or protect Texas, and fight Mexico if neces.
sary. Ergo, accumulate capital at home, and Dor
row, borrow, borrow. SPINwElL.
ADJUSTMENTS.
CHATHAM THEATRE Tonight new era in the
history of this establishment commences. The
popular manager has for the time yicde the rcns &c
fbopb
Rockwell Stone. In their powerful equestrian troupe
numbered the of Gossin and lady franklin Ste
o,,J If nd