The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-12-15
From the New Orleans Commercial Times
Southern Manufactures.

In previous article engaged 10 furnish ad-
duona reasons why the production of cotton should be
diminished in the United States, well for the interest
of the planters, for that OF all other classes of the
community.
crop of 100000 bales was assumed as full av-
erage al prices not materially varying from five cents
Let US compare the very short crop of 1916 with the
quantity OF cotton raised 1885, and trace the results
77s,6OJ bales, at ten cents, amounting to $50 100000,
against 2,4O0 900 bales al five equal S54 00O,
oJ0Presenhng the singular fact of increase of GIL,
100 bales and decline IN value OF S26 O0O To what
agency this attrIbutable' Has the consumption been
so greatly diminished IN two years to bring prices
down TO onehalf Of their former level or has such
reyuson taken place in the money circles that the crop
cannot be brought and held 10 lis usual destination!
Some cause is at work TO produce this diicuty ard
shall offer few PLAIN thoughts the subject tending,
a we conceive, TO justify the position assumed in
the outset in regard to over. production
As each crop is maturing there will always be
impression feigned abroad, on evidence easily pro-
cured, but not always TO be trusted, that it will
coed that oil any previous year or, at all events, that
il will reach a very high figure Spinners see a
Hooded market before them, which they draw
upon at leisure, and with provoking symptoms Of
short work, actually alarm holders into concession
the stocks sale somewhat bulky, and the Bank
OF England perceves that they cannot be held in the
face OF engagements founded this security, the of
interest Is forthwith advanced, and pressure created,
expressly 10 force cotton down, for the benefit of spin
ners, regardless of the sacrifice involves on this side
the Atlantic Thus, operators in cotton cut oil from
their usual facilities, and the demand sinks at once to
The grujgng patronage OF weekly consumption Capt.
tlsis are not much IN the habit OF dealing largely in
warehouse commodities; lhey prefer less hazardous
Nesiments with returns generally certain, If
these returns not altogether liberal cotton has
been known 10 make under peculiar circumstances. We
DO not think, however that speculation is much TO the
advantage OF the producer frequently raises the price
IN first hands, but 1t is found Objectionable in the long
run 90 account OF the prejudice which occasional losses
never ia 10 array against cotton article OF leg-
mate traffic, and particularly for sterling remittance Our
oWnon ls that standard of production and consump-
hon, a. nearly uniform as can be established by the
Iagemenl oil labor the greatest security for all who
are m any way connected with the cotton interest,
whether N the growth, manufacture or final disposition
OF the article.
In the change Of labor which we recommend in rela-
Ton 10 cotton, carefully avoid extremes at the begin
Hng We have seen very intelligent contemporaries, who
agree win " on the necessity OF some equilibrium, in
our capacity Tor production and consumption; who esl-
male our excess already at $4,000 bales and who
o. opinion that The corresponding ratio OF labor should
be Al diverted into other channels On this pel
cate, the transition would De one .;hin IRON cotton which
with all due Difference think rather too violent 1t
would probably excite fears, alike injurious 20 agncu-
late and commerce, By disturbing the laws OF supply and
demand, which most beneficial when most secure
IRON sudden and great interruption We have selected
tbe medium course. a. the most adyisablelet say
ihai 10000 bales ought % be omitted from the produc
usn' which would be onesiNh OF full average crcp,
a. h0locl ty a. few mornings sluce and the capital
ihas bera,ei would establish and work machinery TO
NE ,.lut Of el1@O1oD let the proceeds be invested
10 additional cotton mills, and 40 from year 20 year,
uhu thHd OF. 90 even onchai the crop oi the United
e'4'ss shall q manufactured at home When tbs OF
any APPROXIMATE result shall Be- attained, then good prices
lo' COTTON val b. permanent, with the upward slide IN
oar favor from the very tendency OF the change
"a, manufacturing establishments being The IT,.
eiease whilst The Production 81 cotton j. ksJa steadily az
uhr pon Say 2.0100l0 haes Europe will al once see
lhe aAnsef OF a liza supply q the material and
Consequently prices VIII assume aspect calculated to
ercoy back % bc cultivation o cotton mach Of TIE cap-
=, which bal besn wGhlnwa from u and invested IN
"hef pursuits - bong oar demonstrations Tor man
gIariunhg are solid and progressive. shall keep our
lneh1s cog Dee other .ls "a the Atlantic tn mos oag ~
lenlti lAfy VII always Be wung % Jay tu prces
JOG an aree nd snsable ~ their pfospcrty and which
el can Obtain from 90 uthcf sOufce ~ cAtea and OF
equality ioanswef Their purposes insicad OF our being
IN asaie 81 Va--age o. them, we have been hereto
lore "a our cotton. trade. relations wall be entirely
NeFsed and We shall possess the ability, II not the wall
10 prescribe our own terms
We might here annex tables 70 sustain oar views
showing The consumption Of cotton 10 Euroye, and The
qlanty received there from all parts Of the world
oeY ihe United Sales bur We have gwen the outline
WIN sunesni cearness 10 al who may feel disposed "a
reject on NE subject We infheaf lest night be
s1eied tedious puf Suggestions. u not ver iorcibly
Nmuleaed, have the merit Of beng mostly original and
Tiny