New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-12-12

Anericsnlsbor IfsO ana If the GRO y "a qua reach
81, . f00 600 bales. there will remain :, 9OJ VU'
IN 90 abroad. or more than the whole crop oil any
,ear prior TO lSjI-2-and set but FIVE years nave
elapsed since total crop of 7OO,OJ bales N ore
,bsn han million of which was consumed d.
home. sunk the Liverpool price to fou7 pence
What are likely to be the demands upon tue
European msrke, for the cotton CLOTH TO DC pro
duced out of those 100000 bales, ana no"
fsr they will compare with those OF 1851 when
We cent bu. !, 200 900 bales the reader may Juage
for himself after rejecting on the following facts;
We were then prosperous AMI had good creI''
BY help (which we could buy cloth. Now We
are moor and out Of credit, and bonds will buy
neither cloth nor iron. Our people were then
we'll EMPLOYED and Gaming good wages, but now
tbey are being daily discharged 10 hundreds, aud
being unable to buy even food, they have nothing
10 spare for clothing; thus is cut Oh large
and important portion of the European demand.
India is already crowded with goods that are be-
ing sold st prices so far below the cost as must
produce ruin to the manufacturers. AUSTRALIA 49,
in ike manner, glutted Labor is becoming dairy
more abundant in England, and, with the decline
of wages there is daily decline in the
demand for goods of every Kind. There
IL, therefore, nothing in the stste Of affairs 10
England or in any of her free-trade dependen'
cies. that will warrant us in looking for any in
crease in tie market for cotton, but, on the con-
trary, everything to warrant US in looking for
decrease. Looking next upon the Continent, we
see large increase of armies in France, Austria
and Prussia, accompanied by decline of produc-
tion and increase Of taxes, both tending greatly
to diminish the power to produce anything but
food, and Of course, to diminish the market for
cotton. The Russian ports are blockaded and
there our cotton can find no entrance. There is,
therefore, in every quarter, tendency to-
ward decline Of consumption and this at mo-
ment when we are promised larger crop than
hes ever been known and when British free-trade
is bringing down the demand for our own mills
to nearly the point at which it stood seven or
eight years since. If all these circumstances
do not result in sinking the price of the crop to
a lower point than has ever yet been known, it
will be wonderful.
For many months past we have been told Of
the severe pressure for money that has existed in
many Of the southern States, aud we have now
the assurance of the Governor of South CarOlins,
that the financial distress" there existing, is
greater than has been knewn since 1887. This
of course tends greatly toward compelling the
planters to bring their crops to market early,
while the knowledge that the cropis certainly
large and its growers poor, tends to induce mer
f-o.x. f-nr
they must, that every step in the decline OF
price is but the precursor of another, because,
as the price declines, there is produced q
demand for money to make up the de-
fciency, and the more money tends out
ward, the more must prices decline The pros
poets of the planters appear to us, there
fore, to be very gloomy; but should they be
realized they will have none but themselves to
blame for it. Had they permitted the tariff of
1872 TO remain in existence, we should DO now
making and consuming two millions of tuns OF
iron per aDnum-makiDg more roads in the South
and West than ever have been made-snd our
nils would now be requiring twelve hundred
thousand bales of cotton for the production Of
cloth Of all kinds, to be worn by the prosperous
miners of coal and ore, smelters of iron, makers
Of roads, and builders of houses and mills These
things ATE now out of the question, because our
southern friends have wiled that they should not
be done; and now upon them, upon US, and upon
all, will fall the penalty. Our people will again,
as in 1872 starve for want of employment, and
many at the South as well az here will suffer
under the hands Of the sheriff They have sown
the wind, and they will have now to reap the
whirlwind.
Were the planters even now 10 open their eyes
to theipjurOus effects resulting to themselves from
following always the advice of the men who desire
that cotton may be cheap, they might escape
some Of the Injury with which they are threat
ened, but that they will not do. The repeal of
the set Of 1916 would open all our mills, and
cause every one to run full time and we should
then require 10000 bales out Of the existing
crop; and all the cloth thus produced would find
a market at home, because the same measure
wo1d cause all the mines and furnaces Of the
country to be worked up to their full capacity;
and the facility of obtaining money tina! would be
experienced, as soon as We had determined that
the gold Of California should not all be at once
transhipped for Europe to pay for cloth and iron
that might be made at home, would cause the
work on road, to be everywhere resuued-and
prosperous labOres would be large consumers Of
food and clothing. These things, however, will
not be done, because the planters who desire that
cloth may be cheap and cotton dear, act always
by the advice Of men who desire that cotton may
be cheap and cloth dear. The price they are
likely to pay this season for that advice we esti
mate III fifty million of dnllars. and "a this Ia