The Arkansas banner., 1850-09-17
From the Louisville Journal. Progress of the Cotton Manufacture south
 and West.

Progress of the Cotton Manufacture south
 and West.
 IL is now but few years sin-e public atte ntion was called to the vast natural advantages al Yar- points in the valley of the Mississippi for the manufacture of the great staple of the valley. The essays and discussions the subject that have sp peared in this and other journals have satisfied every reading and thinking msn in the country that the chief seats of cotton manufacture are to be aud near the cotton aud coal feds Already We see n- dicatons of the results of these opinions in the tition of Eastern mills. in few years more, Eng
 fish capitalists and operatives win have ascertained our superior advantages, and the mills of Glasgow and Manchester will be gradually closed prepara- tory 10 removal of money, men and machinery to points within our limits, where more can be ef- fected by the force Of each.
 We ask the attentive consideration of the reader the Dry Goods Reporter
 At the present moment, among the producers of cloth in those sectoas-Baineiy, the Northern and Middle States-whch have hitherto been regarded the chief seals of manufacturing industry, there appears 10 be- and doubtless is, something lees of that prosperity which, upon an average, throughout the whole country, Is unusually marked. The value Of materials has risen disproportonately to the price of fabrics and, although tfe demand for the latter is good, the supply is more than equal 10 it That is to say, notwithstanding the raw material is very high, aud man ufacturers complain of innde a larger quantity of material than before, in the face of enhanced importaiions of rival produc- lions. This IS aa anomaly which puzzles many :; but, if we reflect upon the causes which are in ope- ration 10 stimulate competition, arrive at some thing like a solution.
 1 We may T, fleet that political causes in Europe have operated to keep goods cheap in Lancashire, and by doing promote large exports to tis side ] of the Atlantic at a moment when three incentives
 10 manufacturing rivalry have acted upon the South and West These sre first, aba ndance of capital i; second, the influence of the Improvements in steam power and machinery eHIancipating factory labor from water-power localities and lastly, political motives. ! The South has abu ndance of capital. evnced in the fact that the crop thus far delivered say 090 00O bales. has realized $i04,0 O,0O0, against ESQ., O00 0O0 for 620 0OO bales last year that Is say, quantity diminished by ope-fourtb Jesse ming to the same extent the expenses of freight packing, weighing, &c, while rates of exchange are high, drawn against high values, have enabled the South, as a whole, probably to realize S3O, 900 900 more money from this crop than from ihe last. With these means, factories have multiplied that not short of l55,DO0 spindles in operation in the cotton States. requiring 100 O0O bales of cotton per snnum, and every mali brings advices of some new one going up. This rivalry affects ihe old es- tablished factories the that new factories are ! all armed with the newest improved machinery, and will produce at probably 29 per better ad | every way calculated 10 diminish the old margin be- tween the cost of material and that of fabrics Therefore. those old concerns which had reached | the minimum margin at which they could work, must shut up shop and give Place 10 more compe- tent operators.
 The editor or that paper has been merchant and cotton manufsc,urer. There is no better authority on this subject.
 Here we see an excess of S30 000, 900 as the pro. duet of the cotton crop of 4s50 that of 'ls9.
 hts thirty millions of dollars would put up at home and equip enough mills to change from five to six huadred thousand bales of coarse cotton cloth. Most of the money would be spent al home for labor aud materials, and would constantly be reproducing cotton mills. The South caa spare this thirty millions of dollars every year, and instead of feeling loss and de6ce cy of capital. would feel the stimulating influences of productive, home employed capital. In ten years, the savings in rying cotton cloth, aud food fer the cotton cloth makers in unnatural directions about the world. would build and equip cotton mills enoaght 10 sune our entire crop. aud we should then have monopoly Of cotton cloth well as of raw cotton. The people of the South would then be busy at home instead of running of to California. The stream of Pactolua woS!a thea run by their very doors, and they would hnd its golden sands richer than those under the Sacramento.
 The reader will not fail to note what is s.Sted in the extract quoted above about the greater ecieSsy of a new cotton machinery. Twenty per cent ad- vantage Is enormous.
 The eastern mills have now the advantage of cur own only in system. This VIC can and shAl soon obtain, and then we shall bear no home roakings and about the prOhtableaess advantages of home cotton mills.