The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1850-12-18


published articles touching The prospects and con.
iition of the Cotton crop-lhat those articles were
| If such tenor as to agree with public opinion.
our estimate being 100000 to 9, 100, 900 bales,
that we set forth the very certain fact of the
shortest picking season on record-the bad state OF
he plant in the early part of the season, and in
fact repeated pretty much the most reliable and
unanimous accounts received from the interior as
TO the poor state of the yield, etc. Our opinions
md views are on record, and certainly the infor-
nation received since, by almost every packet and
nail is of character to confirm the correctness Of
lur views and opinions.
| Cotton is the great staple of our Southern coun-
/ Try. In projecting the interests of our planting
friends, and those of our city, we do but our duty
New Orleans is deeply interested in this staple,
and we have felt it but right to array truth and
facts, with every reliable information, against the
/ very ultra and injurious opinions of Mr.. Gwaths
mey. His circulars, as must be admitted, are OF
one and character, if credited, TO affect most adj
gersely our great staple, and the interests of our
planting and commercial friends.
AS remarked in our article of November "a, our
| Cotton planters have had their troubles in being
obliged to suffer years of depressed prices; and we
really think when they have to put up with ashort
crop, their interests should not be so assailed as
by such ultra opinions.
Mr., G., as will be observed, denies the charge
# disseminating his opinions. This denial he has
also made in some of his newspaper publications
His opinions being SO very ultra, naturally beget
ototiety but this denial of his does not at all
agree with his circular of Oath September, pub
ished in our paper of ID November,l in which h.
says I" The weather for several weeks has again
leen propitious, and IhaUe only to repeat ,Dhat l
SAID often, uohle IN England, that a crop of
$500, 600 to 100000 bales, may be fairly and rea
sonaby expected" etc.
Mr.. Gwathmey in so often expressing such opin-
ions, he thus admits, has certainly disseminated
| them. There is one fact entirely beyond question
his opinions have been very widely disseminated ;
| and is it not idle for any who would 7Orits a
circular, and such circular as his of 24th Sept,
TO deny having disseminated his opinions?
The statement of Mr.. G., in the passage quoted
from his circular of 24th September, that the
weather for several weeks was propitous," is
extremely erroneous, is notorious throughout the
whole cotton country So far from it, the first
| three weeks of September were as unavorable as
| they could be-in evidence of which we quote from
the New Orleans Prices Current, of 2lst Sept,
which can be corroborated by the correspondence
of the factors throughout the cotton region if the
fact, as stated by the New Orleans Prices Current,
IS al all questioned
THE CROP The recent from the interior
all encouraging Complaints are made in some sections
of mage ON The boil worm. and generally OF drought
of the present month";
/ Il will, however, be recOllected that MI Gwatb-
mey oas absent all this time from the cotton
States, and to his of judging or learning
we leave to our readers.
We intended to make a few remarks before
closing this article in regard to our estimate
(about 2,O5O,OOO bales but will only refer to the
annexed report from the Mobile Prices Current,
of Saturday.
Mobile, it will be recoected, is the point where
the great increase is anticipated. Now, if as
stated, the crops picked have fallen short Of
20OO0O0 to 2,O5O,O0O bales which figures are
now generally adopted, with the admission of great
deficiency of weight:
week IN all branches of trade River eghts have been par
uculary active Extra boats have been in the trade and
heavy amount OF goods have gone in the country, the
eo.s returning generally with n!l loads OF cotton we
The tall has been remarkably favorable for
picking, which, with short has enab ed planter, t
Most CT far as we have heard, which picked
have proved less than those of The anI
hey Were IN eeptem6er and tie now are ha
tons by well ipfdmed merchants. the low
e | as 1850, 900 bales
d RIoHMoYD Virginia. Nov. 1850
SrSince my last circular, dated New York. "a Sepem
ber the weather has been generally favorable for matna.
AID securing the cotton crop, but the 18th utmO os
has occurred in several OF the states and supposed,
sufficient sev rits a. least 10 stop any further growth, il
prevent many Of the gfeen bolts from coming maturity
has been asserted OF ae, in quarters that there
ew or none SUCH and that the continued heat and drough
p'ematuely bus yielding very e Cotton Si''1 '''
p n information WHICH have recently received and upo
winch can IN y rely, am satish there large
3srs ard that had the frost occurred the eiod
i, nave been considerably larger than is now likely to be-
On Ibis suhjee, refer 70 circular Of 24h september
may be fairly and d, reasonably Ss and very fa
occur sooner than The average of the last five yeas and III
weather, in the meantime, be generally favorable wou
Frost has now oeeure not opy far in advance Of the
gs hut sooner than in either oae Of those years i
doubt Of the strength ofthe position have taken no,
and now say hat for a" practical Gonsde GGs
estimate OF $500 bales will be sufficiently the result
The stock on hand IN the United States, September
And The crop ofsl55j,
Presenting total supply Of g352
>, n of which there were exported,
Taken for no ass Moss
60 Leaving Stock the Let September 1850. of 1853
Assuming that the will be 800 follows that Il
In rcuarof 2ith septembe ayered to the great
81 our manufacturing interest," in whig
Client to prevent further curtamen in the consumption
any all $50 5a o% al e
VIII assume, IN view Of possible ameoratOn in the ee9d,
Interest," mat. 4UU NJ
may be required for il, and that 1850 M bal
= be retained as sock on the LIST Seutember, 1851:
lttoiows Of course that there would remain. 9lls
Tor export IN lSaO-ol, 1853
Ia 1880. an increase Of 555
which increase is far than equal the entire import
Europe from all other tries than the United States
either Of The years S4l la4S lS49 In other words, d
increase from the United is likely be Of suffice
msgnit9de 70 connerpose entire dealcaton Of the
from all other countes Ia the world, such thing
Having now submitted my views as TO the extent of /,
crop and fupnly OF American cotton for l80O-5l mig
Close this mmnncaun hut deem it proper here alu
to some tiers which, ordinarily would be of plsce in
commercial circular,
tons in the Southwest in the last sping and sace
when parties asserting that il aim,
that the cotton OF this year would be short of
lust only of the liberal admitting, that under
lions, have held and expressed The opinion that with
age rcumsiauce of weaher ETC. it might be % or 6
NJ snd with very favorable circumstances al03 or $50 NJ.
81 Ihuse holding opinions at variance with mine, had rig
% mold them and claim the right for self, but
nave not been permitted exercise this right in peace.
q li consequence oil my expressing opinion The Ne
s. ok ESchauge IN July last, was alluded TO- in ole
- IN one OF he morning papers OF the next day,
Ivy me DAY on which embarked for Liverpool. This,
iei' hpl being wur by OF would not have received
nue pet y seems TO have been the commencement of
" TINS side Of the Atlantc.
a. eteri have bsen eived and some Of them publishes
a a E,nspoa eubatng the reaction in the cotton
ri EXPRESSION of opnions and while tho
opinions We're rarey # Cxrre ed exeep TO those MI
nm lnaVe been charged with taking pans 10 al
be Ga my arrival at Liverpool aud for many DAYS sefvarl
me cotton ma5het was greatly excited steamer by whic
NJ vent Sasu many letters aud circulars giving purah