The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-01-03

During the thirty years ending with 1885, the exports of
foreign goods tho carrying trade. hed greatly fallen off,
with the exception Of the ycsr lo2 which was year OF
great speculation and high prices in Engand and during
The same period there increase In the
export with the exception OF cotton The year 1870
as one Of crops abroad and oil large Of bread
.tufs with consequent dminuon In the value Of cotton
Thus in $780, the planters gave nearly double the guam
ty for less money than In 1885, The quantity they have
sold this year 800 per cent greater than In 1885, Al but 10
per cent money but 1888 was speculative year
Seventy per Of the quantity cold this year has been to
England; she having taken 74 200 pounds, against
ISL s 396 pounds ls2an increase Of 500 per cent In
twenty years Now, will be observed that at
age freight oil per pound tho increase In the cost ~
$40, this against $50 ss1 in
1915; that Is say, ships which are all owned ~
the North have an increased freight cotton Of 10
per annum u Is however, 10 be remembered that the
direct Of the great increase Of he cotton manu-
actue In England has been not alone this increased rev.
enuc othe shipping but the withdrawal Of Englands labor
from the production of food TO which has forced
upon her free trade and this necessity Il IL which
has within the last three 90 raised the export Of farm
produce from tho United States Its solely because Eng
land employs her labor In the manufacture and sale OF cot
M thnt the western farmers are called upon supply her
wh food-so intimately the cornheds, drained by the
Mississippi connected with the Of tho southern staple
and the ships Of the North find fcigh employ them
The export Of cotton from the South Great Britain and
Europe has quadrupIed Ia twenty years and
quence capital invested In this manufacture Of the goods
in the machinery for their sale, and the shipping for
their transportation, well ~ the numbers Of the people
occupied those cmpoymcns have Increased In the same
proportion In this fact find the greatly enhanced pow
OF South, and OF the growing dependence which all
commercial nations have upon lie prosperity The produc
ton OF cotton could now cease without convulsing the
commercial world. We may estmsn the growing de-
pcudsnce Of tho northern and middle States upon the SOUTH
by taking the number spindcs hands and cap
isai invested according the OF $780, In working
up cersin number Of bales then. compared with the
number taken by the spnnerss
Number Of spsndes Hands. cspisa Val cotton
' ,::: s $500 ss ,ssSs s $1,000 'ss ss
II isto furnish this growing interest in the northern
States, Britain, and western Europe, that the surplus
farm produce Of tho States is required, and
when contemplate the Of the interest," based
entirely upon the institutions and industry OF the South,
and divided between rival manufacturers, Wis Eng
but be struck with the fooihardy follies OF OF these
dependents In surviving. by protective laws and injurious
ssnts drive the South into the Of rivals and
pelling 70 manufacture for itself II the cotton interes,
In England has In twenty years risen be superior all
oher and caused the abolition Of protection involving the
corn laws and navigation acts how powerful may be
In The twelve years. when s Influence shall again
have doubled Ccssn Il 10, that social strife between
the North and the South IL the only by which Eng
land hope retain its manufacturing sscepdcncy.
Asis usually the with the HOLIDAY week. there has
been but small Of business done but prices
arm and improving, and Ia spring goods have
already been displayed by importers The anficipaons
pretty general Of scve spring business At i'm.
proving rates. and goods well materials are held
advance In wool there has bsen sctive demand
sales Of 900 lbs mostly medium grades have
bssn taken full prices The stock now here - reported
tighter than for series Of yeaprobaby not reaching
9000 900 lbs Of all grades Ills very gratifying that the
sales Of the farmers have been made promptly. and that
the year closes 50 per cent higher than
msnced while the mannfscturers Notwithstanding their
absurd camors about no high prices forwoo and
hrs Of stopping their mills declare 10 per
annual dividends. Tho quotation for hseos IL ~ e