The Carolina Spartan. [volume] (Spartanburg, S.C.) 1852-1896, 1857-03-05
The Cotton Interest.

Among the mass Of information found
IN our foreign files by the Baltic, nothing
appears TO us more important than the pro-
ceedlngs OF a meeting Of the manufacturers
IN England in regard 10 cotton. 1t is an
nounced officially by English authority, that
at the end OF this commercial year there
'DH not be one bale Of cotton on hand in
liverpool
To appreciate the immediate impo, ,ynce
OF lhls great commercial fact, glance at
The question in its many qualifications in
Europe is necessary. In Is4e tho "stock
on hand in Liverpool was over 45o, 600
bales American cotton, or twenty weeks
supply, working full time; in 1855 the
stock on hand was $4,000 bales, which.
allowing for the additional number of spin.
ners, furnished only eight weeks supply.
Estimating the present crop at 100000
oales-a liberal estimate-the increased de-
mand iot the raw material all over Europe,
from the Baltic to the Black sea, will take
up, at high figures every pound Of that
100000 bales, work up the present limit.
ed stock on hand, and leave the markets of
the world bare. There will not be one
bale OF surplus cotton in Liverpool" The
increase OF consumption over produce dur
ing the last ten years has been mt the rate
OF 1864 per cent. against or per cent
ms shows an increase OF consumption of
6.S7 per cent. for ten years. Before the
year lS45 the proportion was the reverse.
II this condition of things continues, the
market IN 1853 (October) will open on cash
orders from tue actual consumers in Europe
Tor every pound of cotton we can possibly
produce or spare from our own manufactur.
ers.
1t appears, from the various data before
us That this destruction of the surplus at
Liverpool, and with it the monopoly so long
exercised by that market, is owing entirely
10 the policy inaugurated OH the continent
ol Europe during the last six or seven wears.
The sp'nners on the Rhine, in Holland. in
belgium, and even in Austria, formerly
purchased their supplies in Liverpool. Rus.
Ma alone took at the rate of 10000 bales
. ot our cotton annually from the English
depot. reinforcement TO establish direct
trade between the American planters and
the continental spinners gave n sudden inn
pulse 10 the cotton manufacturing interests
throughout the continent The Prussian
Commercial League gave attention 10 IL,
'he Netherlands Trading Society took il up,
The merchants of Bremen, Hamburg, and
Antwerp entered into it, and the continuous
agitation IN the cotton States Of America
attracted the attention Of those European
oiiclai influences always on the look out for
important movements. We find the duties
on cotton first reduced and then repealed.
Every drawback 10 the free importation Of
the great American staple was removed
and ut last the peace policy Of Russia adds
TO the imposing character Of This great COM
mereial and industrial party on the CONT
nent oil Europe for a direct trade with the
cotton growing States of America.
WIN the surplus at Liverpool DESTROYED
with the monopoly there broken up, and
direct trade. based on the continental de-
mand, thus fixed and leading feature in
the cotton trade-the United States possess.
es another bond of peace, not only upon
England, but on all Europe. The fair
promise OF wise and far seeing admins.
traiion under Mr.. Buchanan guarantees
these advantages, at least for four years
and we believe for long time afterwards
We cannot allow the opportunity 10 pass
without directing the public mind at the
South TO the benefits Of practical statesman
ship. Here Is great result worked out by
private means within the Union, and under
the general prosperity incident TO that
Union.
The English manufacturers are calling on
The East India Company for assistance !!
lhey had better rely upon peace with the
United States. Nature has settled the mat
ter; Cotton Is king, and the planters now
control the power IVashingion Union.