Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-02-18
TBE COTTON INTEREST.

Among the mas Of information found in our foreign
files By the Baltic says the Huntington UaioS nothing
appears important than the proceedings Of
meeting Of the manufacturers in England in regard to
cotton. It is announced CisiaIy, by English authority
that at the end Of this commercial year there aON 10! Be
ono bale Of cotton on hand in LiVerPoI!
To appreciate the immediate importance of this great
commercial fact glance at the question in its many ram
eatiOns in Europe necessary In ls46 the stoek on
hand" in Liverpool 49, 900 bales American cot
ton or twenty weeks supply, working full time in s56
the stock hand 88 900 bales which, allowing for
the additional number Of spnners furnished only eight
weeks supply Estimating the present crop at 100000
bses-a liberal esiimate-the increased demand for the
raw material all Europe, from the Baltic to the Blak
sea- will take up at high figures, every pound Of that
100000 bales work up the present limited stock hand
and leave the markets Of the world bare. There will
not be bale of surplus cotton in Liverpool" The in
crease of consumption produce during the last ten
years has been ct the rate of 1884 per cent against II
per cent This shows increase Of consumption over
production Of s7 per cent for tel YEARS. Before the
year 1913 the proportion was the reverse.
II this condition Of things continue the market in 1855
COosber will open on cash orders from the actual cousu
mers in Europe for every pound of cotton POiby
produce or spare from own manufacturers
It appears from the various data before u.s. that this
destruction Of thu surplus ct Liverpool and with iths mo-
nopoy long exercised by that market owing entirely
to the policy inaugursied the Continent d Europe du'
ring the last six years. The spinneTs On the
Rhine in Holland in Belgium, end even in Austria, for
merry purchased their supplies in Liverpool. Russia
alone took the rate Of 1000 bales of cotton annu
ally frOz the English depot The movement to establish
direct trade between the American planters and the COZ
tiuental spinnsrs gave sudden impulse to the cotton
manufacturing interests throughout the continent The
Prussan Commercial League gave attention to it, the
Netherlands Trading Society took it up the merchants Ct
Bremen Hamburg and Antwerp entered into it, aud the
continuous agitation in the cotton States Of America at
tsosd the atsntOD of those European Official influences
always on the look out for important movements. We
ud the duties on cotton st reduced and then repealed
Every drawback to the free importation Of the great
American staple was removed andst last the peace policy
of Russia adds TO the imposing character Of this great
commercial and industrial party the continent Of Eu
rope for direct trade With the cotton growing States Of
America.
With the surplus Of Liverpool desrOyed-with the mo-
nopoy there broken up and direct trade based on the
continental demand thus fixed and leading feature IN
the cotton trade-hs United States possesses another
bond of peace not only upon England but all Europe
The fair promise of wise aud farseeing administration
under Mr. BUCHANAN guarantees hess advantages at least
for four years. and believe for long time afterwards
We cannot allow the Opportunity to pass without d.
reotng the public mind at the South to the benefits Of
practical sstssmsnship Here ia great result worked
out By private means within the Union, and under the
| general prOsp Gritty incident to that Union.
The English manufacturers calling the East In.
ds Company for asGistanoe They had better rely upon
peace with the United States Nature has settled the
mstier: Cotton is King and the planters control the
! power