The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-11-09

In addition to the direct import Of cotton to
Russia, the United States were interested in
the export of cotton twists and cotton cambria
cloths made in and exported from England to
Russia. or the latter, $4,000 pieces were ship
ped in 1s4s, and 100000 pounds cotton
twist. The whole amount of raw cotton and
cotton goods taken by Russia in 1928 was
estimated at not less, probably, than about
five or eight millions of dollars, which in effect
cotton sustained by the producers of cotton
through the Russian war. But against this it
must be borne in mind that considerable guam
titles OF cotton have continued to reach Rus
STA overland through Germany, And more
over, this apparent curtailment in the con-
sumption of cotton is, probably, more than
counterbalanced by the substitution of cotton
for many purposes for which hemp and fax
were formerly used. Besides, the war itself
has greatly enhanced the consumption of cot
ton cloths for army clothing, tents, &C. We
find that its consumption is also increased by
the more extensive adoption Of cotton cordage
and cotton sails, for the use Of merchant YES
sells as we'll as by those of war.
The interruption of tobacco exports to Rus
STA has not affected its price in the least
The article, however, was never higher it no
doubt continues to reach Russia without stint
through Germany.
The loss Of American tonnage employed
in the direct trade to Russia, has been some
thing; but it is mere bagatelle compared to
yauf II h.I e..
ping in other directions-as transports for the
Allies, and in the present demand for the
ireightage Of breadstufis and cotton to Europe.
Our export of raw cotton to Russia was re-
spectacle, and on the increase, yet it was
mere trlHe compared to the amount taken BY
England In 1851 the value of our cotton
taken by England was 100000 and to
Russia, II, 291 ,lG4. The immense amount of
cotton worked up by the former into cotton
fabrics, yet finds an unobstructed market in
every part of the world save in Russia, which
has tended TO sustain the value of our great
staple in the face of the greatest war of modern
times. Beyond some fuctuation in monetary
affairs, we cannot discover, if q balance was
struck at the present time, but that the
United States would be found thus far q large
gamer by the war. Our agriculture, in the
MAN, has gained by it, cotton has lost little or
nothing; while breadstuts and provisions have
gained. Our main trunks of railways have
gained by it. Our shipping interest has
greatly gained by it, as well as ship builders.
Producers Of hemp and flax have gained by it;
and it would be difficult to point out branch of
business in which we have really suffered The
export of gold, even if bought at a premium
cannot injure the wealth of the country. If a
Californian digs up 500 Of gold from the soil,
and on arriving in New York. were to sell it to
Belmont for $l25-just S2j more than it would
be worth TO the seller or to the country the
latter would gain just that much more in wealth
Hence, the excessive alYm regarding the ex-
port of gold, which is as much product Of
the soil as cotton or grain, aggravated 10y the
ntrigues of stock jobbcrs is, to certain ex-
tent, absurd and ridiculous. They may lose in
their stock operations, but the country will
gain in wealth and prosperity.