The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-05-23
ALPHA.
COTTON AND COTTON MANUFACTURES.

CO1ION AND Col MANUrAOl
1t to be generally conceded that the cotton
featuring interest OF this country and has been for
considerable length of tme in extremely depressed
condition and has certainly become the duty OF the
manufacturers TO inquire closely into the " and
Effect, and if possible, to take proper steps for ame-
Grafton of the same.
Let us consider therefore, whether our prospects can
be beered and how, and put shoulders to the wheel
that may get out OF the Inre soon, else may sink
past recovery
The writer of this has long been convinced that our
grievances ihree-old viz: excessive importaons
of foreign goods; q over-producon Of manufaciu red
goods in this couny and, g. unnatural and improper
imitation oil the value OF the MATERIAL cottos This
last OF the three is the most ntoerabe because there
not, has there been within than twelve months
past the leas, justification for it, as shall endeavor
show.
What is the measure for the value OF any article Sup
ply and demand, without doubt Has there therefore
BEEN is there likely TO be, insufficient supply Of the
article OF cotton As understand it, cotton, IFS
state IS only valuable for purpose, and that is TO
manufacture into goods OF various kinds 10 suit the
OF the world Without, therefore, the aid OF machinery
TO form INTO fabric for of the human race would
be entirely vaiueess This will not, presume, be de-
MED.
Now as 10 demand 1t is not difficult, to show that in
thus country there has been large decrease the guam
thy OF cotton used BY manu- acurers within the present
cotton year. compared with former years; and upon wha,
has been worked since prices have ruled high most
fortunate results to manufacturers generally have been
realized How much better they would have Jared had
manufacturing operations ceased entirely for three
months hardly be determined but specuators upon
their wants would have found that however much il is
an article 10 speculate IN, II IL yet not nj to eat
One of the great errors, II strikes me, that the
sumes OF cotton have 10 encounter the rampant desire
TO speculate in the article. Every seems competent,
to determine that there short supply and that
acturers must buy at any price, matter what price
they get for their goods when Manufactured Rumor
upon OF iross and floods. and winds and storms
follow each other in rapid succession Ceiuty is task
ed 10 the utmost, year in and year out, by truth and
alsebood mixed omes together, and prices there
by violently affected, sometimes without the least ap.
parent cause; and might well declare, with the
frogs in the fable, This may be sport 10 YOU but il
death 10 us"
Ought the cotton manu- featuring interest OF this coun-
try TO be tned with Ian interest representing in
property over one hundred millions OF dollars employing
more than hundred thousand people Of both sexes,
and distributing amongst them over twenty millions OF
dollars per annum. Must this large number OF persons
who have been generally dependent upon them for sup
port the very young and the nhrm aged (by which the
number OF persons realizing livelihood by the opera
lions OF cotton manufacturing in this country is probably
doubled be ground down 10 the dust 10 beneh whom
wbati The wild idea that there not cotton enough
for the world.
will endeavor TO show that there IS cotton enough
and large amount 10 spare, making the estimate OF sup
ply and demand up The LIST OF September next AZ per
following tables
TABLE No. I.
Table showing the xports receipts and stocks OF cotton
Computed bale) hand in all the ports for the past
three months, taken from the New Orleans Price Current
at dates as below