The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1844-05-03
NUMBER 81.

WhOlc product. Now tDe senator from
South Carolina proposes, instead Of retain.
ing this quantity TO lie manufactured here,
10 send II abroad TO Liverpool and Man.
chester. " hat is TO be the effect on prices
there Docs he not see that an export OF
l 600, 600 bales hes very fully supplied, #
not over supplied, The foreign demand =
Any considerable addition 10 tlht supply
must inevitably reduce Tie pIice, unless tho
increased demand for the manufactured ar
ticle keep pace With the supply. What
has reduced the price in Liverpool so low
at the last dates, bot On over supply, aud
the expectation Of a large crop IN this coun.
Try, yet TO be received there : The price
IL New York is quite as high, and believe
higher, IN fact, than il was IN Llyerpoo! at
the last dates from Eugland
Now, although they anticipated crop
Of 100000 bales only, yet they dtd not
expect much increase IN the prlce, from
The fac, that so large supply vas still on
hand, equal to near four months consump.
lion. The stock in Li,errool m December,
was 100000 bales, against 230 eco bales,
the corresponding period Of the preceding
year. II the honorable Senator WISHES 10
raise the price Of cotton IN Europe, the
best mode OF dong 50 is 10 keep back
portion al tho crops, instead Of sending
more. Let him diminish the supply there,
and he will do something towards cDhanc.
ing the price. But If the honorable Sena.
tor should be successful. il the pfice Of cot.
ton could be enhanced 10 what i was in
1885 aud 1886, how is the South 10 be per.
mauenily benefi ed What will be The fl.
nal result? 10 the first place, production
would be largely stimulated prce OF lands
and lnboreIs would rise, as well as the prl-
ces Of every thing else necessary in the
cultivation Of cotton The planter might
obtain mere, but he would be compelled TO
pay more. He would buy his lands and
negroes al greatly augmented prices. The
excessive production would soon over sup.
ply the wants Of the world, and rapid dc.
cline viii be inevitable; and whlle his pro.
auctions are thus falling he will be obliged
to retain his Lands and slaves at the aggra.
waited price which he paid for them. His
capital remains fixed. There can be no
permanent benefit or security IN increasing
the price OF cotton, unless OF the same time
you can increase the demand and consump.
ton OF the fabrics made from IT. for unless
these be increased, an advance 10 1t will be
temporary, and will te followed by disas.
ttous decline.
The honorable Senator says that ell the
South desires in this matter is, to be let
alone to DO allowed TO manage their own
affairs, 10 their own way; TO seek their ma
tural markets, and carry on their natural
trade, unobsiIucled. However desirable
that may be to the South, whether fortu.
na,ely or unfortunately for her, II cannot DO
done. That is no, the basis upon which
South Carolina, and the other States CON-
posing this Union, erected this General
as one Government, and estab.
ltshed this Constitution as one Constitution,
for the whole. South Carolina has shared
largely in the securities fthis Constitution,
aud participated mo small degree in shap-
ing the policy which the Government has
pursued. SIT, is too late now TO repine;
she cannot be let alone, 10 pursue her own
separate policy, IN relation TO matters which
She has coufdcd 10 the General Govern.
ment The very object and purpose OF
forming lhis Constitution was, that no State
should be left alone to pursue a system of
measures injurious to other States. She
came into the Union for veal or for woe.
She came into II 10 share ~ the admlnisira-
ton OF the Government Of the whole Union,
She has tina, right but she must submit to
the restraint, voluntarily assumed, as others
submit, also. for the common good. Tho
interests Of the whole are icagued; and the
stability, the happiness, and the reuo"n of
each are interviewer with those of the 9th.
efs. The establishment Of this Govern.
menl was with a view 10 prevent tho very
thing which the Senator says he seeks 10
accomplish. II was TO prevent that State,
or any other State, from admitting foreign
on terms different from the
other States. Ii was 10 establish one uni
form policy, one system, one regulation Of
trade, binding ON the whole. The want OF
this general controlling power, had been at
tended with the most mlschlevous conse-
Qucnces. Therefore il was, sir, that no
State was TO DO leli alone, as the honorable
Senator now desires. Great Britain, at
that day, was not regarded as the natural
market of South Carolina. A very diiter-
cnt feeling then existed in the bosoms oil
her patriotic cltizens---a feeling of union
and attachment towards their brethren oil
other seclions-icllow laborers and fellow
sufferers with them IN tho great cause Of
freedom and independence.
No, sir if South Carolina, and the OF
planting States, are laborng under oII
sion and grievances, there are ably
causes for il Independent Of the act q
or the policy of protection, upon VIII
supposed to be founded. have alre
luded TO one of lhem--the over.nkpd
of cotton. That was occas
degree, by the very stat
the honorable Senator v
agnin-a largo increase
and more fertile lar.a were br'
cultivation, and sold Tor enormous
Sncculation ran high credit wa,