Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1851-03-20
70 Cotton Planters.
New ORLEANS, March !.

lew .&aln words TO the COLlOH IldIteio VI
the South; and trust there is not pa
per published in the Cotton region that
will refuse to lay them before its readers
for what they are worth. would then
address this body of men as follows:
Gentlemen-You have lately witnessed
an almost unprecedented decline in your
preat staple, Cotton. For this decline, |
assert without the fear of rational contra.
diction, there exists no good and sufficient
cause. There is but one apparent cause
the increased receipts up to this date:
but there is no man pretending to the
slightest knowledge of the subject, who
will say that there is anything in this fact
simply, to indicate a larger crop than the
almost universal estimate made some sixty
or ninety days since of twenty-one or
twenty-five hundred thousand bales.
What, then, is the cause of this decline!
1t, III my opinion, results from regular
and systematic combination on the part
of the English manufacturers, and their
aids, to depress the article-which is the
most desirable object in the world to them
and for this opinion | offer the follow
ing reasons. Judge, then, for yourselves.
1t is believed by many, even in Liver
pool-men quite as honest as those who
are intrusted with taking an account Of
the Cotton there on the first of January
that the stock was falsely reported, and
not to be relied upon in plain words,
that it was not as large as it was given
out to be.
Having got thus far, the manufacturers,
aided by the Bank, (for Cotton is the life
blood of England, and the cheaper the
more nourishing,) and others interested,
proceeded to effect their purpose of low
ering the price Of Cotton in this manner:
1t is known that they are literally without
stock; in other words, that they are work
ing from hand to mouth, but they report
five hundred thousand bales in Liver
pool, and then, instead of purchasing their
supplies there, they leave that market to
sink by its own weight, and send here to
Fbuy just barely enough to keep their mills
going. The effect of this course is plain
and certain. The holders Of Cotton in
Liverpool-speculaters and shippers-.fnd
no demand for it there, and of course the
article rapidly declines, and is followed
by still more rapid decline with US
Having gotten up this decline, and conse.
quent panic, from which it is hard for us
to recover, they have from sixty to ninety
days to purchase the bulk of Cotton at
low prices, which they generally succeed
in doing: and this is repeated, year by
year, as it becomes necessary. And now,
gentlemen, is there man amongst you
so dull as not to sec the keen art and teri
BILE potency of the tactics, and the entire
practcability of carrying them into effect
by such a body as the manufacturers Of
Manchester You have felt, and are feel
ing, their effects to your hearts content.
Nor can any man give you any other rea.
son why Cotton, that was worth thirteen
cents sixty days since, should now be
worth but nine and a half cents, and
which will be worth thirteen three months
hencc2
Gentlemen, l have given you but one
specimen of legerdemaiu; many more
could be produced If these be facts
and I see not how they can de denied
might it not with propriety be asked
how long you intend enduring this dis
graceful vassalage to another people
disgraceful to your self.esteem as men,
and destructive to your interests? How
long, by refusing to protect an interest at
home, which would be antagonistic to this,
and consequently friendly to you, will you
be ruled and laughed at by those who de-
light to prey upon you! You have the
remedy in your own hands whenever you
dare to use tn. o. Crescent.
A.