The republic. [volume] (Washington [D.C.]) 1849-1853, 1850-08-30

ing destroyed. He would be enabled, on the
contrary, to rejoice In the prosperity of that
neighbor.
The demand has NOT kept pace with the sup
ply, and, therefore, the price has fallen If the
future demand could be made to keep pace with
the future supply, the present price could be
maintained. Ii it could be made to increase
faster than the supply, the price would rise
higher than at present, even with good crops
That IT might be SO, we entertain no doubt
How is this demand to be produced To
answer that question we must first inquire what
1t IS that causes the existence of any demand2
The man who has neither wheat, nor oats, nor
hay, nor iron, nor coal, nor cloth, nor any other
| commodity to give in exchange for cotton, cannot
| obtain it, The man who has little of any
of these commodities to give for it, may have
little in exchange. The man who has much of
any of them can have much in exchange. The
first buys no clothing, and consumes little cotton
The second consumes little clothing, and is
small consumer of cotton. The third consumes
much clothing, and is good customer to the
planter.
If all the world produced largely of grain,
and hay, and coal, and iron, and cloth. all the
world would be large customers to the planter.
The way, then. to increase the demand for cot
ton, is to increase the supply of COAL iron, cloth,
and other commodities to be given in exchange
for it. How can this be done2
SO long as Great Britain retained the mo-
nopoly Of the supply of iron and cloth to the
world, the supply was small, her price was
high, and all the cost of transportation, duty
included, was thrown upon the consumer.
Iron and cloth were, therefore, costly, and the
power to purchase cotton was small
With the establishment of competition in
the production of iron, and Of cotton and wool
len cloths, the supply in the general market Of
| the world has been largely increased, and there
is now much more of all these commodities to
be given in exchange for cotton. The cost to
the consumer is diminished, because the cost
of transportation, duty included, is now thrown
upon the British producer. The power to con-
sumo cotton is therefore increased.
The competition of Belgium, of the ZoH-
Verei,, and of this country, has resulted from
protection. They produce more iron and more
cloth, and their demand for cotton has largely
increased. To increase the demand of the
rest of the world, it would then be desired
that all should establish oompetition-tha all
should exert themselves to produce more of the
commodities required TO be given in exchange
for cotton-and that wherever protection is
needed against the British monopoly il should
be given.
Our demand is diminishing We do not
consume as much cotton per head as we did
three years since, whereas the consumption
should have largely increased. Why is it so
Because our production of iron has diminished
Because our production of coal has ceased 10 IN
crease. Because our production of cloth has
diminished. Our mills, our furnaces, and our
| mines closed and being closed We supply
less iron, coal, and cloth, and therefore demand
less cotton. To increase the demand for the
one we must increase the supply of the others
How shall it be donel The answer NAV be
found in the fact that we trebied the supply of
coal and iron, and doubled that of cloth in the
four years of the tariff of 1912, and therefore
doubled the demand for OPTION. The same
system will reproduce the same results, and
with the increased demand there will be an in
crease in the price. The re-enactment Of the
tariff Of lS42 would at once reopen every mill, ;
furnace, and mine in the Union. besides pro-
ducing demand for more and the iHstanta-
neous effect Of such measure would be large
increase in the demand for cotton, and mate
rial rise in the price-and il would have
this effect because it would create an immedi-
ate and large demand for labor
IL may, however, be said, that the price was
lower in 1876 than it was in lS4l. II was.
From 1887 to 1912 the planter was blessed with
five short crops, the average Of all having been
only $4,000 bales. From ls45 to ls47 he
was cursed with large ones, averaging ., 2j0. 600
bales. Here was an immense increase; but the
increase in the consumption of the protected
countries Of the world was still far greater
The failure TO increase was in Great Britain
and the unprotected countries. and the cause Of
the failure was. that their power to produce
commodities TO be given in exchange for cotton
did not grow-nor does il now grow IL re-
cedes; and yet it is for the purpose Of continuing
their dependence on country uhose polcer 10
pay for cotton is constantly diminishing that
the planter insists upon the pursuance Of poll
cy which tends to destroy our own power to
compete with England, or to aid the people Of
Germany in their efforts 10 Terminate the mo
nopoly by aid Of which that country has so long
tyrannized over the farmers and planters Of the
world II he desire to increase the demand
for his great staple he must change his course.
and adopt that policy which will iii the Union
with mills and furnaces, and bring into demand
the products of the ore-bcds and coal mines Of
the Union. Let him do this, and he will soon
find an answer. and a satisfactory one. to the
question, How shall we raise the price of
cotion7'
A writer in the Richmond Wing quotes, from
Professor TUcgER's work on the census of
1870, comparison of the products Of New
England and Virginia. which. with the com