New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1844-12-24
rha co,tnnInf.rsst.

=
The last arrival from Europe furnishes the
Cotton.grower with food for profitable reflection
The fact of Folks election as President had been
some days known throughout Great Britain snd
France, and had been the subject of general at
tention and comment. By the Rsdicsi press II
had been announced with exutation; by The
Conservative with mingltd emotions of pain and
pleasure. The Tories were delighted with the
argument against the Republican theory aft ,rdcd
by tho election Of u man of narrow intellect,
negative qualifications and i1signtcant pnb!e
services over the ablest and modest Statesman OF
the land, and were pressing their advantage To
the utmost, with view to permanent effect on
the public mind. You say, Messrs Rcpubli-
cans was The tenor Of thA;r comments. that
YOU desire the election of Chief Magistrates By
>Uaiversal Suffrage, in order that the most COM
potent and ilIustrious Statesmen shall be placed,
nominslly as wei! as realty, at the head of at
fairs. We point you TO the triumph of Polk
over Clay as a knock down TO your fundane,.
tal assumption
But, while the election OF Polk was regarded
generally with opposite sensations, there is one
point on which G cordial unanimity aud gretifca.
ton was eviuced-namely, the prospect that ii
would ensure the overthrow of our Protective
Policy. French and English, Tory and Char
tit, appear with exceptions, to consider this
consequence inevitable, and to exult over it.
While, then, the unfortunate holders of our un
sound State Stocks were plunged into a lower
deep Of despair by the success of the party known
10 embrace ninety nine bundfedths of all the
Regulators in the Union, avowedly hostile to
tho Land Distribution and to any measure calcu.
lated to encourage the dishonest States to attempt
return 10 integrity, it would naturally be sup
posed that the Cotton interest had experienced
corresponding improvement.
Certainly, here were the clements on which
Calhoun or McDufiie would have calculated un.
doubtingly on an elation in the Cotton Market.
In the first place, Cotton was down to very
low point, almost below precedent. We have d
Protective Tariff and that, say the Free Ira
ders, has depressed the Southern staple. All a;
once, at season when little Cotton is going for
ward, the unexpected news arrives of the defeat
Of The great champion OF Protection, and the
election of Mr.. Polk, Cotton grower, and the
candidate of the Free Trade, Ultra Slavery, Cot
ton-growing interest. AT once the joyous word
passes that our Tariff is speedily to be thrown
down and great market opened here for British
goods. OF course, Cotton must rise under the
impulse OF such tidmgs and prospects. So
Free Trader would saaguinely anticipate, and
yet 50 it is not. Cotton falls instead of rising
and the market is gloomer and more depressed
than it had been for many months.
We hope the moral OF all this will not be lost
on the Planting States. They are grossly de-
csived with regard to the influences which gov
the price oftAer staple, and they persist in it
blindly. They wiH RAISE too much Cotton
more than the world viii take of them ut fair
prices, and so the marke. droops and their H.
dustry ia poorly rewarded. II they would just
avail themselves of their natural advantages to
enter skiliuiiy and vigorously upon the culuva.
ton of the Grape, the Mulberry, &c. msnuiac-
ture at least their own PLAIN fabrics, and grow
their own Provisions, they would DO infinitely
better. They eau grow Wool on their noun
tains-pasturing their sheep high up in Summer
and bringing them lower and lower in Fall and
Winter-cheaper than it can be produced in any
other part Of The Union VIII they not consider