The republic. [volume] (Washington [D.C.]) 1849-1853, 1852-02-24

oil Iaet THIS country thosc VI low W
nearly 100 900 bales, being about equal to those OF
| lS49, in which year we received IN Europe the
yield of the abundant crops of the season $40.
| which, in the United States, produced 2,72sooO
bales, whilst that of lS505l does not exceed
1855 900 bales II follows that last year greater
proportion of the American crop was sent hither
than in the season lS49-50. From India there was
imported but little in 1851 than in 1850, not
| withstanding the high prices ruling in our mar
| kets in the beginning of last year.
The export of cotton from Great Britain was
about equal in 1851 to that of the year before, but
larger than in 1919. The deliveries for home con-
| sumption have been larger than in any previous
| year
| The value of cotton at the termination OF the
wears IS49 and 1850 was respectively 80 to 40 and
| 60 to 50 per cent. higher than at present. Al
though it is somcw hat above the rates of July
| last il is still moderate, having been lower but
once (end OF lSi4) within the last ten years.
The above is from the London Economist,
high British free trade authority, and we beg to
recommend it TO the careful perusa of such OF
our planting readers as may now be suffering
under fall in the price of cotton from more
than fifty TO little more than thirty dollars a
bale involving a loss 10 the planting interest
on the present crop of at least .tifty millions q
dollars.
The man who has much to sell, for which he
must find market, always sells at low prices
whereas the man who has less TO sell is likely
to have purchasers seeking him, and then he
obtains high prices. Our planting friends re-
alize the truth of this when they seek to din,i'l-
ish the supply of cotton, but appear always to
forget it when it is proposed to them to increase
the demand for that commodity; and the conse-
quences are now seen in the depression OF the
prices. 1t is here shown that out of a crop Of
two million three hundred and fifty five thou
sand bales, we sent in the last year to the mar
ket of England, within four hundred and
eighty three bales as many as were sent out oi
a crop Of two millions seven hundred and TWEEN
! weight thousand of the season OF lS4I-S. II
now it be desired TO understand why it was
that 50 much was sent to that market, and why
it has been that the price has so greatly fallen,
we would beg to refer our readers to the fact
that under the tariff of 1912 they had
hco large customers whose competition tended
TO raise prices; whereas under that of 1916
they have only one such customer, whose
power to depress prices increases from day
TO day. Under the tariff of 1912 the do
nestle demand nearly doubled in less than
five years; whereas under that of 1916 1t has
within the last three years fallen off no less than
twenty-five per cent, and has now reached the
point at which it stood five years since. The
consequence of this has been that there have
been one hundred and sixty thousand bales to
be forced upon the foreign market that should
have been consumed at home, and hence the
fall Of prices That, however, is not all. Had
the tariff of Si2 been maintained, and had our
mills. mines, and furnaces been permitted To
continue in.opeTation, we should have consumed
in the last year two hundred thousand bales
more instead of a hundred aud sixty thousand
less and instead of sending 10 England ,OOO,-
0O0bales. we should have sent 100000; and
had that been the case, as it might and would
have been but for Mr.. WALRER's tariff, the
planters wonld be now rejoicing over crop
worth one hundred aud fifty millions Of dollars,
instead of moaning over one worth only ninety
millions; and with these sixty millions Of differ
ence they might be making roads throughout
the States by which the value of their land
would be doubled and doing it without the aid
of the miuiOndires Of England, made such by
themselves. Under the mask Of free trade the
men Of Manchester compel them to lorego the
t advantage Of having two markets IN which To
sell. and to send them hundreds of thousands
Of bales that but for them would have been con
sumed at home; and then the Times, their or
gan. c0ngratulates its readers on the approach
ing prosperity of the country--d necessary con-
sequence, as it tells them, Of the loto prices ot
all descriptions Of produce.
IL will. however, be said by some of those
who now suffer so heavily from the destruction
of the domestic market, that we import more
cotton goods than we did under the tariff Of
, 1912; and such is certainly the case. England
exported last year to this country about thirty
SIX millions Of yards more than she did foul
q years since; and as there 90 of her cotton not
less than four yards to the pound. it follows thai
her entire export to this country was about nine
millions Of pounds, requiring about million
y Of pounds Of -four, four or five thousand bales o.
India cotton, and thirteen thousand bales Of tha
: produced in the Southern States. On the othei
hand, so greatly reduced is tho consumption.o
that the increase in the number of yards ex
i, ported was nearly, if not quite, as great as th'
increase Of the IMPORTS and as our cloths aver
age about three yards to the pound, it follow
that We exported. in the form Of cloth, abou
:, twelve millions Of pounds more than we did fou
= years since. aud imported about nine million
more, large portion Of which was made up q
:, -four and cotton grown in India.
An account now made up would stand thus
Bale,
c Decrease in the domestic consumption OF
r in our mile. ACKNOWLEDGEMENTS. 10000
cOttOs. ... -, t..-...-.t
d pec,cose Il, The ,.,,rsump;."n Of homemade
J, cotton goods about. ,.,....t,t', '''''''''
lsi,0
D., From which deduct increase in the import
/ 4 Of American cotton spun and woven in
British mills. ...............i '..'..'.'' low
Rs Total decrease ,OC
II. 4 4 -. oh ,.t