The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1850-10-26

d. ra,,,rI, that the frost Of the 18TH and 10Th q
;nt must have done some injury in the Northern Ii
,ort;op of the Cotton country-and that inelli- I
renee 10 this effect has been received here both by
letters and telegraph.
We observe in the Mobile Advertiser, letter f
on the subject of the Cotton crop, which is worth
attention We feel at all times reluctant to intro
duce private opinions, but as is well known, Mr..
Gwathmey has made his views public-so much
so, that for time past they have been noticed
and commented upon by the papers Of New York, !
Mobile and this place. He has taken a stand, or
position, this subject which makes it not at all
improper TO contest his opinions very mpor-
tant and interesting a matter-one in which our
great planting and mercantile people SO deeply
Mr.. Robinson, in his estimate, predicts in
crease in the receipts of New Orleans and Mobile
of $4,000 bales those of last year. We feel
confident the present condition and prospects do
not warrant the expectation Of such an increase,
and believe that he is 100000 bales at least too
high for these points. The aggregate of his
figures for the Atlantic is about similar our esi-
mate. We think 10000 bales for Florida is more
than will be made and we do not believe that
Texas can increase her crop fifty per cent over
that OF the past year.
There are both letters and Geographic accounts
from Montgomery, Alabama stating that frost had
the taken place there which had done much injury
to River lands, and that the crop was pretty much
picked out of the back and sandy lands. Mr.
Robinson's estimate for Mobile is, will be OBJ
served, thirty per cent. increase over last year.
We think fifteen to twenty per cent. increase for
| Mobile will be found to be a much more accurate,
as we'll as more prudent estimate.
| In conclusion the further we advance with the
season. the more settled is eur conviction that the
crop cannot reach last years yield and that with
the best of weather, 1850 900 bales is more likely
to be nearer the result.
As to large receipts of Cotton now coming for
ward, we repeat such is indication of the extent
of the yield and, as observed in former article,
it takes large receipts in January, February, March
and April, to make full or even average crop.
For the Mobile Daily Advertiser
THE COTTON CROP, - No. v.
| To H. B. C7lcqifmey, Esq, .Ne7 Orleans
SIR-Since my last letter to you was published,
written in Greensboro, the 9TH inst, accounts have
been received which announce reaction in the
prices Of Cotton abroad and no one having appeared
10 take up the cudgels | then laid down, | must
resume them in defence of the Cotton-growing
interest of the country and although | scarcely
expect to extend these letters to the famed number
of tweny-seven, enough still remains unwrltten to
I'll many sheets of foolscap.
The gratifying intelligence from abroad places
you in more unenvtable position than you appa-
renty before occupied indicating it does, a
greater lack Of confidence in your opinions in Eng
land, than | supposed to exist; and, moreover, il
shows that the OF testimony adverse to large
crop, was SO overwhelming to leave you without
any excuse, even the plea oil ignorance, to justify
persistence in your crusade, yet letters from Liver
pool aedge that to the last moment OF your depar.
ture for America, on TIE Pacific, you reiterated
your previously expressed opinions in favor Of i
very large crop.
Ii does really seem hard that an interest, which
till recently, had for many years conended, amos
for existence, against unremuneratng prices, should
now, when the scale has turned and an arena of
! prosperity is opening to the Cotton planter be
assailed and prejudiced by designed ignorant
misrepresentation. That an interest worth, est.
! mated by dollars and cents, one hundred and
| twenty-five millions at least; and whose value
estimated by the social and moral standard, is
inappreciable an interest which dtspenses more oil
absolute comfort and happiness to the human race
than any other product Of Gods earth, should be
thus tempered with and studlously, systematically
and disngenuousiy, not to say dishonesty assailed
must be very, very trying to those principally
interested yet it is to be hoped that the Cotton
/ dealers in Europe, admonished by the faacious
notions OF some Of their American visitors the las
and present years, will hereafter receive their est
/ nony with great caution, and In affXing its valu
| will determine the motives which may have stInu
=
u You Mr. Gwathmey, might have rendered yer
A. important service TO the CUtOnprOducing states an
. also to the manufacturers Of Great Britain, by tel
ing the latter that the time was passed by whe
10 they could expect depess, materially, the price
lie Of Cotton by deierring their purchases till grel
IL quantities shall accumulate in the Southern port
and then, by little management, between the
agents and bank managers, or mnueyed men, nlah
al money scarce and consequently render 1t dlticu
TO negotiate exchange.
10 The planters, in general, understand now all tn
-, / matter, and they will thwart it, because they
understand it, and are able in general to hold baC
Ut till the strngency terminates, and the money ina
'e kst that frequently diseased subject, shall
TX restored 10 heaIlhiuiness, which generally harper
ts about the time when il IS no longer the lneres.
,a certain doctors to keep It lndspoaed and complain
~ ing The planters will hold back TIL they can OIL
al lain the intrinsic value Of their crop. Their GOO
or intelligence enables them 10 estimate, sdeguat5l
e. the immense Importance of their great staple,
U. the comfort and happiness Of the civilized worl
i and TO the tranquility OF very important part
0 il. In dspOsing oil their crops, they can, and g6
We orally will bide their lime, in spite Of collisions
he home or abroad to oyerrate the quantity 10 lie
| sen the importance of their Cotton bags.
nv All this, aud much more, you might have to
~ the gentlemen in the Cotton line on the other sid
"o aud in doing So you would, think, have render
Is them good service but it probably did not ocC
III to you or if it did, it would not have promote
b. your personal views, and so you were silent
led this point though very Volube IN giving EXPIRE
W
:" The true policy OF spinners and manufactures
no abroad and at home, isnot, in my view, to depre
ls- prices below the present scale. They should p
vn the present prices chseJ5sHy. An adequate SUPP
w of Cotton is of too great importance TO the civz
nd world to be hazarded by unremunerative prices,
, to be tempered with to promote the interest o.
present moment. The probable supply Of Cote
oo and the political consequences OF probable de
les cienCy enter into the calculations Of statesmen,
re are worthy Of and receive, the grave consde
ra- tons Of cabinets.
NO 1t s really Of very Little importance to manuf
t. turers (and viii become less IS the means
" procuring the comforts OF lie shall continue to
crease in the worid) whether they pay fifteen
-. seven cents per pound for Cotton, provided the pr
o. shall be equable through series of years, but il
NC Of immense importance to them that prices 81
Tor not note so lowas discourage materially les
Did the production.
or. Following your example, | will give my estim
the OF the present crop, promising that to pretend
D, more than a tolerable close approximation to &C
~ racy, would be uucaudid. Yet by carefully ex5
Ms lining every statement | have seen from vagi
the parts of the South, having noted the eXraordin
Mt; summer Just passed, and having spent the en-
hy season in very important Coton-producing sect
in | think my estimate will be entitled to co
- dence than yours and although we may both er
'n do not doubt that shall prove in the end to b
no. few hundred thousand bales nearer the mark t
hi you will be- submit the crop of last year and
he estimate OF this:
| Grf9ns 55Ss5j$$S bales g sSiG5 b'
hlObIe ...,.,.,...,,,.t s.u,StR A1VhlW
Savannah, ,,...,..,,,.,,.., slJOsS s,g,BU
W. !taFNsoA ''''.'''''''''''' ;2''3l5 q, isPgy