Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1844-02-28
Foreign HntelllgeIace..
The Charleston Patriot.

trr.+. q 4
=. Neius sbu the. Britonnia.-.-Th addition
aI-deiaiIs which have come to hand, furnish
nothing important of a political character.
|; The commercial 7inleIlisenceis more spec
ific and furnishes some particulars which
afford a fuller insight rs TO the slate ofthe
Co,,onsM arket, and the nature of The srus-
gle which has commenced between the
Manchester Spinuers and The Liverpool
Spectators. The Manchester Guardian,
the authoraliye organ of the former, thus
expresses itselfi an editorial article OF the
81 inst.
The Cotton Market.-The present state
Of The Liverpool cotton market is one, we
fear, boding the most serious consequences
to the trade of this large manufacturing
district. So far from the excitement in
that market having subsidized, il seemed to
become higher, and we may add, more
feverish. We have heard, Oh authority
deserving Reconsideration. that large cap
ilalist was known TO be in The market with
cash TO the extent of e800,000 for invest
ment (if it can be called SOY in cotton; and
the impulse Of speculation which such a
circumstance must give, in greatly excited
market, may be easily conceived. Much
we are told, was said of making the "Man-
chester bears" (as our spinners and manu-.
facturers were called, because ol buying no
more than their immediate necessities re-.
quire) suffer in pocket by the operations
now in progress; and we are apprehenslve'
from what we have heard in various guar,
ters, that by these speculallons ON both
sides the Atlantic, another check is again
about 10 be applied t. arrest that trade,
which has so recently manifested tokens
of gradual return to more healthy and
prosperous state. Without being under
s.ood as adopting the views or the sugges-
lions of The writer, we may refer our read
ers to the letter, in another column, oi "A
Spinner and Manufacturer" as exhibiting
a striking proof, al least, of his estimate Of
his estimate of the impending mischief.
That evil must, indeed, be enormous,
which could induce gentleman largely en-
gagged in manufacture. and in the situation
in other respects which he describes, 10
PROFOUND the ptoposilion,-that, in the
event of the present reported shortness OF
the cotton crop being verified, all the spin
ners and manufacturers Of the district
should work short time for the next ten
months, aud during five of these months,
from May to September, cnly five days a
,Ueek.
This state of things, much as it is 10 be
regretted, has by no means come upon US
by surprise. In an article on the state and
prospects of the cotton market. IN our
publication of the l7h nit. we expressed a
decided impression that the aspect ol the
cotton market, at that time, both at LIVER
pool and at the principal ports Of the U. 5.
was calculaledIo inspire serious apPrehen-
sions forthe continuance OF the recent i'm.
provement of the cotton manufacture oil
this country. On that occasion, we sta
ted that our Intention was to guard the spin
ners and manufactures against the tenden-
cy 10 wild and exlravagant speculation,
then beginning 10 manifest itself. Referring
10 the prudence with which. in 1923, IN
1889, and on other occasions, they had cho-
sen rather to diminish their honrs OF work
ing, or even 10 close their mills entirely,
than run the risk Of heavy loss, by pur-
chasing cotton at prices forced up by gam
bling speculations, we expressed the con-
vction that time was rapidly approach
ing when they would have TO protect them
selves against repetition Of The same dan.
gers; and that protection could be found
only in the exercise of the prudence and
caution which they had displayed on for
mer occasions. That time has now arrived.
Hitherto the trade hes generally evlncod
much frnness in resisting the advance, by
declining to purchase /; and we are glad 10
see, by an advertisement in orr first page,
convening a meeting Of spinners ami man
utacturers for Tuesday next, at 3 o'clock,
,ha, an early opportunity is % be afforded
for a conference on this important subject.
We trust that it will be numerously alten-
ded by gentleman Of various branches OF
manufactures from al parts of the district;
aud that that unanmily which can alone
carry them safely through This peril, which
prevail throughout their counsels and de-
terminations. Much, very much, depends
at this juncture. upon The course generally
adopted by the trade in matter vitality
affecting, not only their own interest but
also iae vel. being of that large and indus
trious class which is wholly dependent Oh
the manufacturers of this great and popu-
lous district.
Important from Hayh.-We hive re-
ceived by The Gen. Marion, Capt. shep'
herd, advices from Port au Prince, or port
Republican, as it is now called, to the 22d
ult. We have lie Manysste to the 18th.
Affairs have settled down Into quietness
in every part Of the Island. America pro-
duce was low and NOT in much demand.
The French charge, NJ. Barrot, left Port
Republican on the 20tb, without having ef-
fected any arrangement with the Hayden
government. In the first place, he pro-
Dosed 10 lei twelve years pass before any
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