The New York herald., 1850-05-03

USED trade to an alarming extent and caused thou
sands to BE- thrown of employs and nov again ths
trade depressed for want Of cotton ut fair prico
Such the fluctuations that whereas In October
lSss raw cotton only worth Sd to 4d II had been
selling at 6hd to 6%c. in 1850 The reason was, our
mainly depending one market for the supply, and
this need not be- while ether countr in the British
dominions ft by their climate and soil to fur
nish cotton II proper means were taken to grow It
In British India the quantity now grown to great
extent. used in the domestic manufac urcs Of the
tivcs who thus consumed two millions Of bales per
annum, while they exported to England and to China
only five hundred thousand bales per annum. The
production Of cotton in India however eectually
discouraged by the way in which India governed.
shordins NO security to capital or industry There
was every natural facility with equal chespncss Of
labor which might successfully compete with the slave
labor OF America, and So tend to put an end to tho In
human system of slavery India itself might not only
supply with the material, but might present
immense market for the article, IA manufsci urcd in
England The fact was that at present, the Ameriesas
having monopoly Of the supply every advance in
price to the extent Of Id per lb gave $1,000 coo
TO be divided among the Americans half OF which
had SO be betrayed by the British spnners, manufac
turors, and iaboring population In conclusion, Mr
aryeys essay suggest the possibility Of sudden
emergency, such IA an iusurrecton among the slaves
devastation by insects cutting on totally the
supply iiom America and earnestly warned those con-
cerned to take measures to provide against such ca
lamity.
Mr. Warren then delivered an interesting statement
of the efforts he has made to awaken public attention
to this question. lie referred to meeting held ten
years in Manchester when the facts stated by
Mr. George Thompson, and several persons OF local in
fuence took up the question: but did not keep 1t up
Two years ago he (ifr warren) resolved to make 1t
known the British public aud he had done so to the
beet Of his ability He had models of the machinery Of
the cotton mandatory made and with these he under
took deliver lectures to the literary and scientific in
stituiops At Manchester Liverpool, London Paisley
Leeds Nottingham Exeter, Bristol Plymouth. Derby
and places he had done this taking always
xpsin the question of the supply Of cotton
the important part Of his lectures. lie had found
II excite much interest and In several towns no had
had interviews subsequently with merchants and
manuiac cturers. Everywhere there had been
preston of surprise at the apathy of the cotton
facturers question so important to them lie had
proved to them, not from onesided evidence that it
pounds of cotton, delivered st Liverpool for I'd per
pound He had also shown that the IIindoos might be
customers for cotton manufactured, to an extent
cquang the entire of Europe aud America; in proof
of which he exhibited suit of Iindoo apparela tur
ban containing 2S yards of narrow muslin; a tunic, of
yards, very wide-making mass of cotton weighing
than two pounds OF these dresses most Of the
natives had two, three four. Mr. Warren then
proceeded to show how increasing proportion Of the
cotton grown in America used by the Americans
in their manufactures; that portion used had
increased ten per cent, while the quantity supplied for
European had increased only 81 per cent lie
then remarked the wide field opened by India for the
investment of capital and cited in stances to show the
speedy ret urn Of capital employed in roads. canals
trdge- and tanks for irrigation. lie explained the
subjected and the arbitrary and irresponsible go
chairman, deputy chairman, aud president Of the board
Of control. who have the whole in their hands lie
listened to with attention, and received the thanks
of the meeting.