The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1849-10-24

II. That the pretended power OF dispensing
with laws or the execution Of laws, by Fcgal
authority, es il hath been assumed and exer
ci.ed Of late, is illegal. Ill. That the crm.
mission for erecting the late court Of commits
sioncrs for ecclesiastical calseS, and all other
commissions and courts oflhe like nature. are
Illegal and pctnicious. w. That lovyng of
money, for or 10 the Use of the crown, by 'rhc
pre.ence Of perogativc, without grant of ParIi.
amen'. for longer time, or in other manner than
the same is shall be granted, is illegal. '.
That it is the right oflhe subjects lu petition the
King, and ali commitments and prosecutions
| FOR such pcti!inning. are Illegal. VI. That
the raising or keeping Standing army within
the kingdom in time of peace, unless it he with
The consent of Parliament, is against law. VII.
! That the subjects which are Pro'estants may
have arms for their defence. suitable 10 their
condition, and as allowed hy law. VIII. That
elections of members Of Parliament ought to be
free. TX. That the freedom of speech, aud
debates or proceedings in Parliament ought not
to he impeachrd or questioned in any court or
place out of Parliament. Y. That excessive
bail ought not to he required, nor to be exces-
sive fines Imposed, nor cruel and unusual pun
ishments inflicted. Xl. That Jurors onght to
which pass upon Men 10 trials of High Trca.
on ought to be frceholders. XII. That all
grants and promises of fines and f,rfetures of
particular persons before convic,ion are Illegal
and void. XIII. And that for redress of all
grievances, and for the amending, srenglhing
and preserving ofthe laws. Parliamen's onght to
be held frequently. And they do claim, demand,
and insist upon all and singular The premises.
as their undoubleI rights and liberties; and
that no declarations, judgements, ding or pro.
crednss. to the pre- judice of tho people in any
of the said premises, ought in any wise To be
drawn hereafter into consequence or example.
THE PROSPECTS OF COTTON.
| Below we copy the important part oflhc last
Circular Of r. Zwilchenbart Blessing and Co.,
one of the most eminent houses of Liverpool.
1t will br;lound to embody very interesting
view of the position and prospects OF Cotton.
Mercury.
LIVERPOOL Sept. % ls49.
The period is arrived At which we consider il
desirable to acquaint our friends with the views
we have formed in regard to the opening cot
ton season, and we do so, with some hesitation,
as The question is involved in unusual Difficult.
| ties.
The history of the past teaches US, that con
sumption is subject to as wide fluctuations as
either production or prices,-thc circumstances
Of the two previous years, the high prices OF
food and great depression of trade, afford an
easy explanation Of the great expansion it has
undergone in The past season; which, after an
unprecedented crop leaves Us with stock
scarcely larger than at its commencement. How
Gar this consump,ioH can he kept up with the
enhanced prices al which this season promises
| to open, is question for serious consideration;
that il will fall off in some quarters, is but too
probable; hu, when we reflect upon the disturb.
ed, unsettled state of the continent during the
greater part Of this season, and consider how
it must have crippled the means of consumers
| in that quarter, We may expect that the restored
| Tranquility and general commercial activity,
will cause an expansion there, which may more
than counterbalance any falling off elsewhere.
As respects our own consumption. cheap OIL
and good wages render our operative popula.
ton such extensive consumers, that We should
fear no dmnulion.
Under such circumstances. even with fair
average crop, we see no reason to apPrchend
any decline in prices; we consider 1t, indeed,
probable that between this and and the close ot
this year the decrease in our stocks before
flesh supplies come in9will force an advance;
but as this will arise from temporary Causes,
we must not calculate on its maintenance in the
face OF renewed imports.
Experience teaches us, that reports of short
crops at this early period mus, be listened to
with the greatest caution; but should those
which have been so ilong reiterated in rr.ard
to the present crop prove to rest on Il solid l"un
daton. we must not loc sight OF the fact. that
with short supplies, proportional amount OF
laboring population must be thrown out OF
work, and the consequent depression of wages
in removing the mass from the field OF ofcon>ump.
tion would 90 far to cq'lalizc the demand with.
out Any material enhancement of prices.
The transactions Of the present week arc as
follows:
Imports. Sales. Consumption. Speculation Export,
Bales 3a2 900, 1900, T,l50, 1920, 2'b'o,
The demand from the spnncrs has been on
the most restricted scale toI sometime past, and
has continued so throughout this week. On
receipt oflhe advccs per Caledonia, there ap.
pcared a mo,nen,ary revival, but The subsequent
dull accounts from Manchestcr,-whichp promp.
ted spinners TO keep aloofand restrain consump.
ton as much as possible, soon induced holders
to relinqnish higher preten,ons. The market
is amply supplied. and so much during the past
two days, that buyers have had some slight ad.
vantage, but not to any quoIabe extent. Dn.
ring the las, five weeks the deliveries to the |
trade average no more than l9 000 bales per |
week, and it is thus evident, that the stocks OF
cotton IN tho interior are becoming much re-
ducrd; and equally clear, that the slightest