Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1855-03-09
Cotton Manufactures.

AT recent meeting of the Manchester Chamber of |
Commerce, some interesting statements made by
tne President, MIR. BAzLY, upon the cotton manufac-
ture OF Great Britain From his remarks we quote
the following:
In looking at the state OF our foreign trade he |
found that America grt cause of the embar-
rassment that had prevailed amongst commercial
classes In this country. The people of America
no doubt seriously embarrassed by the state of their
financial arrangements but they seemed to overlook
tue tact that they were paying for their manufactures
VhTough their protective system, much larger IL
mount year by year, than had been involved by their
unfortunate system OF banking, He computed that
not thirty millions sterling per were absorbed
In the limited States by the absurd protective system
that ruled there He hoped that the people of Amer
lea would direct their attention to the cause of their
suherngs; and that we should, at no distant day.
nave reduced-tarltf from that great and growing
county (Hear. hear.) Our exports to France were
really very rifng; and the unfortunate policy
prevailed IN France that prevailed in the u States
lie mad calculated, upon moderate estimates that the
people OF France were paying upwards of so
millions sterling per annum, the price of the
protection with which they were bIessed-(Hear J
France would probably be the richest country in
Europe, if liberal commercial tariff were establish
ed but there must almost of necessary be great
oarrassment so long this false policy maintain
ed. We looked for relaxation of the restrictive
tariffs in every part of the world; and the example
OF ngand, he had doubt, was really produc-
ing the more beneficial effect with every existing
government. He would not anticipate the contents
| OF the report by abiding to other subjects but
ne would INFORM gentlemen present that some months
ago he was called upon by the eminent publishers of
Edinburgh, the Messrs Black, to revise an article
IN the Encyclopedia Britannia, upon cotton and
cotton manufacturers He wrote new article upon
cotton, and considerably enlarged the article upon
cotton manufactures; and in the course of the en-
qulries and Investigations he was led TO make, he
had been enabled to prepare table which he regarded
as OF some Importance, for it the first time that
the manufacture of cotton had been shown in the
way it was shown in the table. The Board of Trade
very kindly gave him all the facts which he required
from that department; and, therefore, in the calcuIa
tons he had made, he had depended entirely upon
governmental authority. The Board of Trade in
publishing the returns of the exports of cotton, had
usually stated the gross value out of the United
Kingdom but he had ascertained to what particular
country every parcel of cotton manufactures was
sent during 1858 he thus able to show the
value of the goods sent to each country, and by
pairing that with the population, and ascertaning the
amount per head, we should be able 10 define more
correctly than upon any other principle, the extent of
our trade with any particular country.
In the British dependencies in the East Indies we
had population Of $50 millions; and the value OF
cotton manufactures exported to them in 1853, was
95,6800O0, or equal to Cd. per head. To Russia,
with its population of 81 600, 600, exports amour
ted to $780, 0O equal to 6-10d. per Lead but to
those parts of Russia supplied through ports in the
Black Sea, with population of 100000, eX-
ports amounted to G13,O00 or Id. per head France
had 36,OOOOOO Cor nearly 81 900 O0O) of population
and to France in 1858, sent cotton manufactures
to the value of 9155,710, at the rate of ID per
head. To British North America, with a population
of 2,456OO0 we exported G749, 900 worth of cotton
manufacturers which was equivalent 20 6s. I'd pei
head. Hear, hear The United States, with pop.
uIaon Of 81 900, 900, took to the value of "a 1872
9O1 or at the rate of IS. Id. per head. By the as
sstance of his friend, Mr. John Lesler, of this city
an eminent foreign merchant he had been enabled tc
approximate as nearly as possible to the value Of cot
ton manufactures consumed in great Britain and Ire
land and he found that while exports amounted
to E32 900, we retained at home not less than
Ell, 224, 900 worth of cotton manufactures show
ing that the people of the United Kingdom consumed
our staple manufacture at the rate OF los sd. pei
, head per annum. The result in gross was this:
To the population of the globe, about 85O,0O0,0OO
Great Britain supplied cotton manufactures the ex
tent of very nearly e54 100000 sterling being al
= average Of Is 3Ad. per head. The $4,000, 900 O
G54 900 sterling representing the products of h
cotton industry of Great Britain and Ireland nigh
! be regarded one-haf the cotton industry of thu
world. Foreign countries, besides taking half 0
the cotton sent into the market received larg
! supplies of cotton yarn from Great Britain and il
Asia and Africa, cotton still largely spun By
hand. Hence the cotton industry of the world Nigh
: be valued at 9120,000,O00 sterling, which w0ul
give average consumption per year, for ever
n man, woman and child upon the globe, of Is 81
- worth of cotton manufactures, about IA yard
J. IMPORTANT FROM CH1NA-A letter from Hong
- Kong, dated December 9Th, says:
it IAN American gentleman whom saw in Canto
il after his return from the North says step has bee
l. taken in the right direction by the commissioners
IF English: French, and our own. They have bee
he heard The truth has been plainly told to the Ch
authorities, and they have been made TO til
s. stiffness of their claims to superiority He thinks III
s. next step should be TO insist upon the residence
,e foreign embassies at Pekin. When tod by the Oh
e nese officials that they stood in of the Empero
n and dare not ask him such measure, though the
1T approved of it themselves the feeling of the commits
sioners was, that the western governments will as
~ it then"
The same letter says McLane, the America
Europe"
80 The Weldon correspondent of the Petersburg E,
~ press under date of the 9th inst, writes as follows
!! Dear Sir,-I was informed to-day by Dr. &c
: the attending physician that Mr.. MEG wan, WI
" was so badly wounded yesterday rested very we'll la
{" night, and is considered somewhat better to-day.
The DR.. thinks there is slight prospect Of his reco
~ cry, but his situation is still very critical. 1t is no
" ascertaned, that but ball took effect and that
q the angle of the jaw bone. This bone was badl
-" broken, and the ball has not been extracted. TIL
IT, physicians think it is in the lower regions of II
!" neck"
d. The parties that made the attack on Mr. McGowa
w. e7 were arrested and lodged in the Halifax Jail
81, Thomas H. Williams, Esq, Administrator of MAJ
at rice Moore, deceased requests us to state 10 Il
holders of constable receipts against the said decea
he ed, that he will attend here during Monday ar
NJ Tuesday of March Court, (next week. with IL
AT papers for which such receipts given order
~ hand them to the parties to whom they belon
,is The absence of the Administrator in attendance upc
Al hos dolo