The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-08-16


We perceive, by the recent arrivals from Eng
land, that there has been in the British Pdrlia-
men, debate on the subject Of the purchase Of
the Danish forts on the coast Of Africa. Although
under ordinary circumstances, this debate would
have very little interest for the people of this
country, yet il took range which brought up GER
tain matters that directly concern the crent com
mtrci&l interests Of the United States. We have
not space. to 90 into the details, but II will be
enough for our purpose to state that the chief rea.
son why the purchase Of these Danish forts Ia
urged, is, thst the great object will be accomplish
ed Of securing Gas English state smen think) n re-
gulsr and continuous supply Of cotton, al a mode
rate price, in all future years. II Is believed that
the cultivation Of cotton, as an article Of barter
might be extensively carried on along the coast Of
Africa and IL IL stated that samples Of cotton re.
ssived from Dahomey, have been " OF the most
encouraging Kind" II Is no, strange that som.
alarm should be felt in Great Britain for the manu-
ssctunng interests, when they are paying a hun
dred per cent more than the price the staple COM
nanded two years ago, and fifty per cent more
thsn It's value twelve months back. IL is appre-
bsnded by English capitalists, tina, a revulsion is
inevitaby consequent upon the present high prices
of cotton, and that vast proportion Of the
looms Of Great Britain wiz be compelled to stop,
since the price OF cotton goods in the principal
markets Of the world cannot justify the manufac-
rure at present rates They anticipate imueasura-
bic commercial distress in the manufacturing die
tDcis; and that distress-which has always been
rta, enough, God knows-eeems likely TO be
terribly augmented. There is very much the same
STATE q thiDgs IN England commercially, in 1850,
th"t there was ten years ago. repetition Of such
scenes Is surely To be dreaded aad, therefore the
alarm is wy natural.
The question has come up in Parliament. What
IL to be donef And now The proj,e, il Get on foo,
% make some siupendous arrangement. by which
the British maTkc ean be supplied with ra Va COTTON.
by encouraging its production on the Gold Coast
We psesume that an attempt will be made 10 carry
out The scheme, and We are just as certain that
the upshot Of the whole ih;-s VIII b, sno her
ScGth Sea bubble. A Thousand difersm ,G-.ta
have been made by the British oapaiilists. ana bv
The British government, TO emapcipate themselves
from their dependence upon the United S,s,e, far
tbe great staple, but Il cannot b. deae. A vas,.x
pertinent was made, ABBOTT the year 1870 10 N.
same cfiec, in the Last Indies IA Consequence NJ
he ,sme alarm we have spoken Of, and under the
innammatory appeals Of British abohtiorists. the
whole nation was thrown into state of excite.
nent and the government and the people were
ready 10 exPcnd millions in accomplishing what
,Asy supposed could he easily done, viz .--raising
n the las, ladies all the raw cotton which Grea,
Britain required. Mr.. Mscauley said 10 the British
Parliament, that cotton could be produced in
lndia, pFohtably, cts penny pound" The aboli.
hons's were preaching the sinfulness Of using the
product Of slave labor; and, according 10 THEN
Pscul'ar noions, every man in the civilized world
who touched the product Of slave labor, dipped his
hends In the blood o. the innocent
Consequently, the grad experiment began. and
an the force Of the East Iadia Company. the com.
~erc'l interests Of Great Britain the favor Of he
government, and the learning. experience, AMI sc-
ssee Of the nation, were brought into rcgusitiou No.
ss the result proved, On attempt 10 achieve an npc