Mississippi palladium. [volume] (Holly Springs, Miss.) 1851-1852, 1851-11-07

II Tex Mississippi Palladium oifee Is IN
The. same rooms reeeutly occupied by the Gazette.
On the Northeast corner of the pablic square
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age consumption of the last I've years
ii may be safely asserted that the con-
sumptioa is now being limited and cur
tailed by short supply OF The raw
material. To sustain this view of the
case, we make an extract from docu-
ment read in 1850, by one of the Sec
retaries cf the Board of Trade. before
the British Association at Edinburgh.
"Great Britain now is, and for many
years has been, dependent not at all
upon the good will of the citizens of the
United States, TO sell their produce 10
us, but very much upon the influence
OF seasons for the means of setting 10
work that large proportion of its poT-
citation which depends upon the cotton
manufacture for the feeding of them
selves and their families. In the pre-
sent condition oi our Gotten trade. any
serious falling offin the amount of the
cotton crop in the United tates, neces-
sarily abridges the means of laboring
among our Lancashire, and Lanarkshre
spinners and weaverS. Sach falling
off is, in any year, likely to occur. We
have felt It's influence twice within the
last few years, are at this time suffering
under it, and are threatened with an
other adverse season, the effect OF which
must be to deprive of employment a
large proportion OF those spinners and
weavers whose labor is bestowed on
the preparation of caurse goods"
''Oursupply of cotton has hitherto been
drawn in very fluctuating proportions
from British India, Brazil, Egypt our
West India Colonies and the United
States of America. From this last
named country, the quantities were.
for a long series of years, in a continu-
al condition of increase. From Brazil
the importations have sensibly lessened,
without any reasonable prospect of fu-
ture increase. From Egypt the guam
titles fluctuate violently, and depend
greatly, upon causes not falling within
ordinary commercial considerations.
In our British West Indies the cultiva-
ton of cotton has for some time ceased
to form a regular branch of industry,
and it is hardly TO be expected that,
having thus ceased TO be profitable when
prices in Europe were uniformly at a
higher level than they have been now
io- long series of years, the culture
TO any important extent will be resum-
ed in these Colonies. From British
India, the quantities received depend
upon different set of circumstances,
but of such nature as 10 forbid any
very sanguine hope of great and per-
manent increase in the shipments" +"
: After continuing the argument at some
length, attention is called to the inn
, mense increased consumption of their
, cotton mills showing that in $500, they
consumed 56,0l0,732 lbs. and in 1862
: IT'S, ,4GS,O0S lbs. and remark: alt is
by no means improbable that the con-
sumption during the last nine years
would have gone forward at a constant
, ly- accelerated pace, so that it would
by this time have gone beyond l,0O0,-
O00, 600 pounds in the year, but for the
, check gi.en TO it in lS47 and in the
present year, through insufliciency in
/ the supply OF the raw material"
r ''This increase has been concurrent
r with, and mainly caused by continu-
: al reelection in the price Of cotton"
= "a ''On the other hand, the con
tinual fall in the price has acted as a
stimulus on the producers, (American)
who have hitherto made up in general
by the extent of their cultivation, for
the diminished price of their crops"
! Thus it is seen that increased supplies
are greatly wanted, but their expert
ence is, that the surest means of stimu-
lating production in the United States,
is to reduce the price. Your Commit.
tee might furnish many authorities to
show that in Great Britain the grea'
head of manufacturing industry, the
idea that markets may not be found
for all the cotton goods she can procure
!, the raw material to produce, has long
= since been abandoned. Even the Gov
y ernment is alarmed at the prospect o
of their industry being seriously check
: ed, not for the want of customers, bu
. for the want of cotton. The mos
powerful efforts have been made, ant
= are still being made, TO stimulate th'
= production of cotton in every countr,
where there is hope of success. How
far they have succeeded may be infer
: red from the fact, that in five year:
:, preceding 1850, the productIcn in In
: dia and razildeclined sixteen per cent
and in the same time the supplies 0
Surat and Madras, declined twenty
: four per cent. Thus, it will be seen
MISUNDERSTANDING the extraerdinar,
efforts made to stimulate production il
every quarter the United States is th'
: only country that has continued 10 fur
nish increased supplies. But the char
acter of our increase for the last TWEEN
ty years must give small consolation
!. to those who appreheni difficultie,
= from short supply of raw cotton
:, Our per cent. increase has been regular
: Is and rapidly diminishing, as is showr
from the following table, the dat
of which we take f.om Hunts Mer
chants Magazine, work of hign com
!. mercial character.