The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-04-09

IL we divide the period in the above table
into two equal portions, in that from 1927 to 1886
which We have selected the ntard for compare
son, the annual rate OF increase estimated by the
number Of bales, will be found to be per cent
which, for the last eight years of the period it will
be seen, amounted 10 per cent, making an average
Of 81 per cent From 1887 to lS44, the annusl in
crease was one Per cont above this standard From
1895 TO 1874, the Increase was per below it.
The fact is indeed, romsrkab that IL, this latter
period, there should have been 30 slow an increase
II admits Of explanation in but one moJe--namey,
that the cause which had given, from 1895 to 1887
new stimulus to the growth of cotton by the bank
expansion, and credit with an inflated paper curren
cy, which IN It's reaction, causd by extensive con-
traction and depression during the three following
years, led to the serious annual deficiencies during
this period, which lowered the average annua in
crease over large proportion Of the years embraced in
the table. 1t is inferred from the facts adduced that
per cent. per annum, Is, for cotton CROP the a.
tural rate ofiRcrease. fE7, q. 49,. ... .....-
The inquiry is, therefore, of the highest import
ance, will this increase or suffer dlnnutoni
The first inference from the facts and probability
is, that we have reached the highest possible maxi
mum rate of increase, and that, for the future, we
shall rather fall below than equnl it.
lst The principal element of production of slave
labor, exhibits according to the last census small
dicennal decrease, as compared with the census of
1880. There can be no increased power of produc-
ton from this source in higher rate than has been
employed in the cotton culture in former periods
The whole increase Of slave population from 1880 to
1910, has been 80 per cent. This affords some
measure, although not the sole measure, of the future
power of produ ction. .........
Cd. Natural fertility and improvements in agri-
culture cannot, however, united with slave engra-
uon to the southwest, prove equal to the stimulus
which is withdrawn, that the cotton cultivation
received under the credit system, All the combn-
ed inducements to extend that cultivation, could
not carry the increase higher than per cent? per
annum above the natural and ordinary rate.
Sd. There is a limit TO that culture, which does
violent change of agricultural habits other modes of
agricultural Investments present themselves offering
equal, if not higher, relative advantages.
There strong probabilities against the present
rate of supply, and in favor of the return the
tural rate of increase. ..'..
But the rate Of increase must not be COMPOUNDED
with the aggregate capabilty Of production or max
imum amount Of cotton, of which the future may be
still the prolific parent We know of no resources
Of calculation that enables us here to fix a limit
with yield Of 100000 bales, any more than it
could be foreold denied twenty years since when
the production was 100000, that it would reach
1000 600. s.elH Rif lisa EUEEy.
The reproductive energies Of man are never called
forth under the pressure of the usual motives
ertion, nor we measure those energies by any
ordinary standard, or apparent command Of phys-
cal force 1t is well known and is q familiar fact,
that increased manual efforts by the devotion of od
ditonal hours to labor, will add almost incidentally
to the aggregate products agiven time, of agricu
tural as well as manufacturing industry II is i'm
possible, therefore, to assign any certain limit, short
of the want of new territory, or the complete ame-
ioraton Of the old TO the aggregate yield of cotton;
staple of agriculture of which the capaby Of
increase is so hidden and 80 difficult of being meas
urcd by any known rule or test.
To sum up the arguments, then, the balance of
probability incIines far more a dimnution than
an increase in the rate Of growth, and to an n-
crease in the rate of consumption.
However the present over-production (of 1874 and
IS45) may closely press the limits of the con-
sumption, slight increase realized in the latter,
will soon diminish the pressure. Without UNDER
above paragraphs, for which am indebted to a gen.
teman of much practical information in the cotton
trnde, yet they certainly merit attention.. ...
have not time Mt present 10 offer any comments;
but may take the liberty of doing so hereafter.
Our dates from Canada come down TO the Cd inst.
Accounts of eshets in the rivers and damages sus-
tanned, form the most important item.
We have later news from Hayti, but of no great
Ns,o York market, this day, Al p. nl--Stocks again
decline to-day. Only $50 bales Of cotton sold. No
change in price market firm. d. $780,.
5000 bushels of North riverrye sold and delivered
at n cents. 5000 do, to arrive, at IS cents
l500 barrels Genesee -four sold at So %, for
shipment. 500 do. at IS 433 b.. a.Gr..a..a
Sales, whiskey, barrels at % cents. Drudge at2l.
1000 bushels Jersey yellow corn at 20 cents.
Nothing new in tobacco. 5il % raagn'
Freights and foreign exchange about a. last re-
ported. --n.w1 .dl tl ula..
I'd r51' Yours very truly, n
No steamer yet, h'E'H rae .....
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