The southern press. [volume] (Washington [D.C.]) 1850-1852, 1851-10-11
9,952,OOO 9,953,O0O


These results, multiplied by live, will show
that the whole production in twerty i've years,
has been 40, 760 900 bales. and that the consump-
ton in the same time, has been 9,765,000 bales,
or an excess over the production OF 5000 bales
or 900 bales per annum. How much greltor
the consumption would have been had the raw
material been furnished 10 increased quantity
your committee will not conjecture. Enough
is shown by the facts to establish M important
point, that the extent Of consumption up to this
time has been controlled by the extent of pro-
duction. and we must, therefore, look TO other
causes for the ruinous depressons in price, TO
which we have so often submitted.
Il second point requiring investigation is
the capacity of the world for over. production
To this, your committee concede there cannot
be definite answer given; they incline, how
ever, strongly 10 the opinion that, at fair prices
and with proper organization on the part of the
AmerIean cotton planters, the capacity for pro.
ducton does not and never can exist.
The extraordinary insresse in the production
Of the world in the five years, from $40 to lsi5,
averaging $4,000 bales per annum, caused a
regular increase In the stock OF raw material
left on hand in Europe Mt the close Of each year,
until on the 3Ist Of December, lsl5, il had
reached 22i .0Oo bales, estimated sufficient
for tventy--iK weeks consumption. The av
erage increased production in the United states
| for the next four years (embracing the crops OF
| 1915 and lsls) was ll7.O00 b1lr- per annum,
| and vet on the 3lSt Of December, lsis, tho
ock on hand in Euro was reduced q 80 600
bales estimated a- sufficient for only thirteen
weeks consumption. The crops Of lSi9 and
1850, nod eqsAl.iaa the average consumton Of
The last FIVE years " mag Le safely asserted that
the consumption vs. nov bsing iis..tsd and cur.
tailed by short supply Of the raw matenai.
To su-t,in this view Of the case we make an
extract from document read In 1880, by one Of
the secretares Of the ho1rd of trade, before the
British, association at Edinburgh. Great Brit
ain nov H. aud foe many years has been, depend
ent not Al ~ spon ,hs gsod whl &C The citizens
of the United st,tes 10 seh their produce Ia us
but vcry much upon the Influence nf seasons, Cor
the mean. Of sctting 60 work that large proper
ton Of IL popuaiion which depends ~ on the
cotton manufacture for the feeding Of them.
selves and their families In the present eondi-
ton OF our cotton trade any serious falling OF
IN the amount ~ csiioa crop in TIE United
State, unnecessarily abridgs. tAe E.aans ~ labos-
Jog among our Lancashire and ',.nnr, sblrs
spinners and weayers. Srch falling oa u. IN
any year likely 81 occur. We have ieit lis inhu-
ense twice within the last Few year, arr AZ this
time sancr,ng undsr u, and are threatened with
another adverse ssason. the effect Of which must
BE- 70 deprive 81 employ 'ne..i . large proportion
OF those sp.nncr- and weaFrfs wao-s labor y
bestowed on the preparation u coarse gooss'
Soar sarpiY ~ cotton has hitherto been
drawn IN very nartsasing proportions. from
British india, Rssza. Egyp,. coz West India
colonies. and the uaitea stale. 81 Aaes...
From this last rnn,eA country A.. sa.,,t,ia.|
were for a Tong series ~ years. in . continual
condition % iacres.e. Prom BraFa. uaf ia
portations have ssa-'Ay le..sRrd. sithani any
reasonable prospect ~ future inrfea-e PROM
Egypt, the guam lties hacluais sioisuily. ani A.
pend greatly upoa eauses not falling siflin o..
dinary commercial consideuians " he Bra
i-h West Indies, The cultlvatiaa ~ eatioa has
for some time ceased - form q regular bfaaeh ~
industry, and Il y hardly b. b. ssp~cted tAst.
LAYING thus k'ed 10 10 proftahls whea prces
IN Europe were uniforEniF At higher lsve
q an they have hesn nos CO. long -sries Of
" sr-, the cplturs 10 any imt ortAn, srs~ni al.