Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1856-08-28

over, the cotton crop of the States equals
quite seven-tenths of all the cotton produced
in the world; while the portion yearly ex-
ported is about eight-tenths Of the total
quantity sent to market from all regions of
the globe. Since 1921, our exports of cot
ton have multiplied nine-fold, while the i'm
ports of foreign cotton goods have hardly
more than doubled. Hence cotton is rapid
ly canceling one big item in the account Of
international trade in which the balance has
been against us. We may add further, by
way Of comment here. that more than $48,-
600, 900 of bullion and specie, over and a.
bove what has been actually exported, would
have been annually needed, since 1924, for
shipment abroad, to square exchanges with
Europe, had it not been fer the expectation
thther of our raw cotton. The aggregate
of our expectations of raw cotton has, since
1905, increased upwards of twenty eight
fold in quantity, and more than nine hun
dred per cent. in value. 1t is likewise no.
ticeable, that the gross sum Of our importa-
tions Of foreign merchandise has declined
relatively to the increasing expectation of
American raw cotton. But cotton is but one
of the staples of the South. Adding $780,
100000 as the value Of naval stores, mo-
lasses, and the tobacco, rice and sugar crops
of lS49-'50, to that of the cotton crop for
that season, and we have total of $l42,-
435, 800 contributed by the South in one
year to the wealth of the Union. This is
more than the value OF the entire exports Of
domestic produce, exclusive Of specie, in
lS50-more than nine times the value of
the total expectations of manufactures of do
mestic produce in the same year, and more
than five times the value of the aggregate
exports ofbreadstufs and provisions in 1850.
1t is finally nearly equal TO the value of the
aggregate imports of 1850, which were
1854, ,O32, ,033, the greater part of which
came in through Boston, New York and
Philadelphia, on which Northern merchants
made their freights, insurance and profits,
the South being ultimately the consumer Of,
and paying for nearly, if not quite, a moiety
of the whole.
Another notable fact is, that the exports
of domestic cotton in 1850, exceeded those
of tobacco, and the whole products of agri-
culture, the forest and the sea added togeth-
er. We have shown that the people of the
North are the shippers, the insurers and
the sellers Of, as we'll as the spectators in,
cotton, and, of course, the reapers of the
great bulk of the profit upon the article
the planter realizing the very smallest por-
tion of the nett proceeds. Let us see now
where, in this country, the cotton Of the
south is manufactured into cloth and the
like. The gross value OF our cotton manu-
iactures in 1850, was SOL ,S69,lS4. or
this whole amount, Connecticut, Maine,
Massachusetts,, New Hampshire, New
Jersey, Ohio, Pennsylvania, Rhode Island,
Vermont and New York, produced $52,-
ass, ,653-within small fraction of the en-
tire sum. The products of Massachusetts,
alone, was nearly $2O,ooo,Ooo, 1, is easy,
therefore, to see whose industry cotton sup
ports, and what section of the con!ederacy
enriches.
Here, then, is an exhibit which may well
rebuke those who would undervalue the
commercial Importance Of the slave States
to the general prosperity and wealth of the
nation. And more especially should it ST.
lence those who, while they are declaiuing
against slavery, and uttering the most vic.
lent denunciation of the Southern people
are making their daily profits and aecumila.
ting fortunes by selingl and carrying and
manufacturing the products OF slave labor
Without the South and its staples, the man
ufacturing industry and the commerce o
the New England States would suffer
disastrous decline; while the South woul'
experience but temporary inconvenience
in respect of trade, from a change Of it
present commercial relations with this sec
tion of the Union. But let US not even con
template such a contingency. Let us rath
er cherish the belief that the Union is indis
soluble, and foster cur loyalty to it by ever,
consideration Of patriotic pride and ever,
hope or national prosperity and renown.-
Let us realize the assertion of Washington
that ''the North, in an unrestrained inter
course with the South, protected by tn
equal laws Of common government, finds
in the productions Of the latter, great add
tional resources Of maritime and CONNER
oial enterprise, and precious materials o
manufacturing industry, while the South
IN the same intercourse, beneftting by tn
agency OF the North, sees its agricultur
grow, and its commerce expand" Let u
thus think and feel, ard we shall then, i
the language of Mr.. Webster, hear ''n
n such miserable intermediary ms What !