New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-04


market for both was greatly diminished
The price has risen, because Of the increased
demand for steamers, and diminished supply con.
sequent upon the destruction of the facilities oil
transportation thus producing diminished power
Of consumption among the people. The deficiency
has not been made up from abroad, for the import
Of 1885 exceeds by only $1,000 tuns that oil le4o'
aud that OF 1850 by $4,000 tuns.
Now, il is clear that the power 70 consume
fuel increased with great rapdity from ls45 to
le47. Why has it not only not increased with
similar rapidity, but actually diminished ia ITS
ratio TO population in the period which has since
elapsed Certaily not because the people were
before too well warmed, but as certainly because
the mowers to produce things 70 be given IN eZ-
change has diminished. The men who cannot
sell their labor 70 be employed in the production
0. cloth or iron, are unable 10 purchase iuei.
The domestic consumption OF cotton IN the year
1912. was but eCs 0C0 bales while Of that grown
! In 1917, It was coo, 600 bales. or that grown In
1915. it was still about 100000, to wit taken tor
the Atlantic ports, 53l,772 bales, and consumed
in the interior, 5000 making total oil O1o,II-
Ofthat grown in 1913, the former was
81 ,O3e, and the latter 10000, making
J total of ........6lS0 39
While Of that grown in lsl9, the first
has fallen to 4S5,569, and the second to ..o.
lO7500, or q total Of ........---..--. go 10Y
OF the new crop, the quantity taken from the
Atlantic ports, from Sept 10 Nov. l, was oO'So5
bales, against 74,775 in the previous yesr anu
! there is reason 10 believe that the consumption
of the year from the Atlantic ports cannot exceed
100000 bales, nor that ofthe whole country ooO OVV
although the population has Increased at least ten
! per cent. since it had reached 100000.
| At the ration of increase that was exhibited
from 1912 to lsi7, We should consume IN the
/ coming year almost million OF bales, whereas II
/ will not exceed half that quantity aud yet this
effect he's been produced by measures adopted by
men who believed that the domestic consumption
| OF their great staple was impeded by the acton
| of the Tariff of 1912 If they were right why
has it not lcreased even fasten since the change
| The prOdUctiveness oflabOr should have increased,
and the power of consumption should have grown,
! whereas, it has greatly diminished, ~ actual
! Qndntfy, Notwithstanding the increase OF popu'
| lation. IL would seem clear, that there has been
| a diminished power 10 produce commodities to be
exchanged for cotton, as the mills and furnaces OF
the Union have gradually been closed. The men
who cannot make iron, or mine coal, or convert
J cotton into cloth, cannot buy cloth.
We may now look to see if We can find IN the
| increased imports, any amends 10 the planters
| for this wonderful dimnuton in the growth Of the
| domestic market, which cannot be estimated az
| less than 800 600 bales In the two years endlng
June 30, 1896 the average import OF foreign cot
! TONS was. ---.---.-.---------'- Nl0'o0l'Ooo
! In that ending June 80, ls47, it was. l607200O
While in that ending June 30, ls49, il
was only OBSERVATION-DISCLOSURES. l5,IsO,OOO
In that ending June 80 $50 it has been To- $4,000
Under the Tariff of 1912. the import OF foreign
cottons had nearly doubled in amount having
risen from little more than seven millions IN le42,
to thirteen and half in the year which preceded
the passage of the Tariff of 1916, and above six
teen In tho years &c which the first half was un-
/ der the regime Of 1912. The growth Of the power
| to import fine cotton has, therefore, diminished
with the diminution of the power to produce at
| home the coarse ones. This, however, is not all.
! Large as was the domestic production of cotton
| goods the average export OF the year lsi5 and
! 1876 was under four millions while that of the
! year ending June 30, ls4s, 5ls,OOO
That ending June 30 1879. .4933,OOO
And the last year -4I34,424
! Deducting these quantities from the imports, 1t
will be seen that the net import OF the period OF
! Protection nearly ten millions, while that OF
"Free Trade" with an increase of population Of
above three millions, has only reached fourteen,
the ratio Of growth having greatly diminished, al
| though we have gone in debt, during the last
| year, almost million of dollars per week.
1t is obvious that, with the diminished YOTeT to
convert cotton into CLOTH there is an increased
ceSsy for looking to foreign countries for market
| for our diminished product and that this neces-
! sity steadily increases In the first two months
Of the present crop season, the cotton taken for
home consumption had decreased one third while
the export of cotton goods in the single month of
October from the port Of Boston alone, is stated
to have so much increased as to have reached
amount since January.
IL would seem from this, that the power to con-
sumo cotton goods, domestic and foreign, which
had doubled in the years OF the Tariff Of 1912,
has actually fallen of an quantity, notwlthsand-
ing the addition TO population OF nearly three
millions Of people, showing that the power TO pro
duce commodities to be given in exchange for
cotton cloth, Is not as great IN amount as It was
then. Trade has diminished, and has become
less free because 1t ia necessity alone, that causes
| this increase OF exports.
If we now desire TO know the cause of this we
need only turn to the fact that the production of
/ iron, which should have grown TO almost mil
lion and half of tuns has fallen to 400 O0O-that
! the production OF coal which should have grown
| to six millions has remained stationary 81 three
/ and that throughout the country the mass Of the
cotton mills are stopped, or running short time
| the consequence OF which is that the operatives
cen buy little food, and have nothing 70 spare for
| clothing In the neighborhood Of Boston, 100000
/ spindes are stopped. In Rhode Island, Il factO-
! mes are closed. In New England at large, not
less than 100000 spindles are stopped, and must
continue so. During much OF the past " Ar they
4 were enabled to continue running, because they
had laid in their stock Of cotton at low prices, but
row they are stopped until there shall arise a de-
msnd for cloth that will enable them to it at
as much as will pay fol- the wool, and tue wages
Of the people who convert Il into cloth. At
Buffalo large mills are closed and so it is in other
/ parts OF New.YOrk. In New.Jersey, every mill,
with one exception, is stated to be closed. In
| Pennsylvania, some Of the largest establishments
are stopped, and others are working short time
In MGry land, eleven are closed and the stoppsges
are spreading gradually throughout the country,
ultimately to reach every State Of the Union. II
/ now, we estimate the quantity OF wages that
would be paid in, and for sll these factories and
the shops connected with them, we shall find that
it could scarcely be less than sixty thousand dol
lars per week, or three millions OF dollars IN
/ year to replace which there is nothing, for the
mass Of the persons that were thus employed
mark the fact that all these persons thus deprived
OF work, must eat though earning nothing, we
shall hnd that they not only have nothing them
selves 10 spare for clothing but that the necess.