Polynesian. [volume] (Honolulu [Oahu], Hawaii) 1844-1864, 1853-08-13
10000

This phenomenon Of diminished stock
and a higher price, in the face of a largely
increased supply, is accounted for solely by
a greatly increased consumption. In Great
Britain the weekly consumption of cotton in
1851, was 81 500 bales; in 1852, the con-
sumption reached about 40 900 bales week,
or 1000, 600 per annum On the continent
there has been corresponding increase Of
consumption. The direct shipments from the
United States to France, in the present year,
have been l2O,Ol7 bales more than in the
last, and to other parts of Europe "a ,435
bales more In the United States the con-
sumption of 1850, 81 was 4Ol 900 bales; of
IS5l-'52, it was 6O3, ,O0O--a conclusive con-
tradction, by the way, Of the pretended dis
tress of the manufacturing interest in this
country. Thus it is seen that the increase IN
the consumption of cotton, is greater than the
increase in production; and we have every
reason to believe that this will continue to be
the case. The Economist says, extensive
mills are now in the course of erection in
Great Britain, and contends that the con-
sumption there will continue to Increase
We know that on the continent Of Europe,
and especially in Germany, the consumption
Of cotton is increasing steadily and rapidly;
in the United States, Notwithstanding the
false alarms of greedy capitalists, the exam
pie of thriving factories is daily calling ad-
dltional spindles into operation. 1t is not
hazardous to assert that during the next
twelve months, the consumption OF cotton
throughout the world will continue to increase
in an unprecedented ratio. But from the
most reliable accounts, the supply will not
exceed, if indeed it will equal, the supply Of
lS5l-'52 Notwithstanding British expert
ments in Asia, Africa, and the West Indies,
upon the Southern States of this Union, the
world is dependent for its supply Of cotton,
the flax substitute being dead failure"
"Thus, while the consumption increases,
the production scarcely remains the same
the supply lags behind the demand Hence
the we'll founded conclusion that the prices
of cotton will range higher during the next
than during the past twelve months. or
course this result may be prevented by war,
or other extraordinary contingencies, Of which
we make no account in our calculations. =
The Economist says: "To those who are
familiar with cotton statistics, these figures
may well occasion grave consideration; for,
stupendous as is the expansion OF manufac-
lures in this country, it will be found that the
aggregate per centage increases in the con-
sumption Of cotton in foreign Europe, sur
passes even its rapid extension in Great Bri-
tain. When it is found, that after the lar
gest crop ever collected in the United States,
and with average production in other coun-
tries, the stocks of cotton are less than they
were twelve months ago. the momentous ques-
ticn arises-How is this demand for cotton to
be suppled:"
This is question which can only be an
swered-By an increase Of production. But
as this increase Of production cannot keep
pace with the increase of consumption, as
now going on, the result must be, that cotton
must not only continue to maintain It's prices,
but must increase in value. And this being
the case, cotton lands, or lands fitted for the
cultivation of cotton, must also increase IN
value. The resultmust be, to attract emf
grafton TO cotton regions; and cotton lands
in Arkansas, Texas, etc., that are now almost
given away, must rise or increase in value
Hence, now is the best time IN the world,
perhaps, to secure good home, at cheap
rates, in Arkansas, Texas, etc. Cotton
lands everywhere, mustsoon increase IN val
ne: and continue 10 maintain that value or to
increase Il. >. n. n.
Woodtawn, Union County, ne0r ua
H;Ilsboro', .4rk., FEB. 2nd. 1852.