The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-06-28

ply OF cotton having assumed rather serious ASPECT In
commercial affairs involving as II does dsmnutlon OF
labor in the uufacturng districts considerable interest
was manifested In the proceedings aud at an early period
very large number OF persons were preseaI II nso
been announced that several members oil Parliament were
invited and would take part In the business but unioriu
natey their duties In the House prevented them from
attending and giving TO their sentiments upon
subject well worthy their consideration We regret, how
ever TO state that that warmth Of feeling which
anticipated for the first had scarcely
more than been declared carried when about half the
audience left and az the business proceeded the number
toe long and too many.
The following resolutions were Adopted
qusos present supply coSa 70 meet REQUIRE
or S@ Uae ss u sna
quantity and unduy hpc'us,ns in price causing thereby loss
Sy sna Of tbs country
sn 1a other % %
ample for the aud OF the
British nation @ sS as 81 q S,s
tended only the British dominons but in All ibe
Resolved qhs, this ing has Observed with saisfSetou
the formation in Manchester Cotton supply Assocson
tSs meeting pledges Itself 70 render to such every
support and tina! corresponding committee In conjunction
men MEN be apS ssssSy Liver paT
Quoting ali business Connected therswi,s
Mr. W. BARBER, an American merchant urged that, by
the passing Of tho resolutions should not 60 forth that
foregone conclusion had beer affirmed that there really
difficulty from insufficient supply From careful
inquiry, he believed thai in America at the tune
labor applicable cotton cultivation and the generalpo
puaoa existed In 1889, when there was great scar
city, and while the number OF slaves In the cotton growing
States Lad thus been increased by their removal thther
from other parts the health oil the slaves had gradually
improved little cessation Of work the part of manu-
acturers would relieve any difficulties that might exist;
and the energy Of the United States was great enough to
meet any real CAL for extended cultivation although he
did not mean to cay that was always to be depended
upon.
Mr. CuErruAM replied to some statistics given by Mr..
Barber TO the stocks at the close Of 1889 What he
(Nr Cheeham) was alarmed at, was not much the low
state OF the stocks las Christmas as the steady declining
tendency manifested ever since lsi5. (aear, hear)
Sugar Speculation IN scurope-African Labor
I'm the Colonies.
From the London Chronicle, June 10
The excitement in the sugar market increases. II
has been singulary active to-day, and the largest
sale for many years has gone OF with considerable
spirit at rice Of H. 70 U.s. Sd. per cwt for the day
The stocks here small and, without reference to
the supplies, the consumption is expected to be I'M
usually large this year by reason Of the promised
abundance of fruit which will be available for pre-
serving. Spectators are operating upon the
strength of this anticipation, and prices running
up. The holders and importers of this article will
realize immense profits this season, provided there
be no sudden collapse 10 the market. We would
now direct attention to subject of some interest.
TIE popus ion of this and sill other countries is
steadily increasing year by year, and conse-
quenty the consumption OF colonial produce in
creases IN proportion. We find other countries CON-
W
time that the production does not sensibly in
ofesse indeed il is in many articles, from cause
or another, diminishing-and hence, with other in
tiuences OF recent rate, high range Of prices is
being established An effort is being made 70 encou-
rage the growth Of cotton in districts and countries
where IL has not yet been cultivated. Might it not
be equally worth consideration whether it is not
advisable to promote the production of other articles
which, if not directly connected with the manufac-
turing interests Of this country, are so indirectly
and certainly inseparaby united with our other in
dust isl interests. At the present moment supply
and demand are not equal the latter exceeds the
greater oegiee, unless endeavors, besides what
high prices engender, are made to meet
the wants of the multitude. In carrying
out any practical system of this kind two essentially
necessary aids will at once present themselves-an
adequate supply Of labor and capital. 1t will be
worse than useless to supply the one without the
other. II our Hest India Islands ,cers furnished
Nth sufficient supply Of Chinese Cooiie labor, or
rum, and other articles could be multiplied Jotirfod
We trust that these remarks will not be without
Or Se % rSe
public atenton-that il high prices are to be kept
down, and The wants Of the people supplied, some
practical assistance must he rendered TO promote
the extended cultivation oil those products which
enter so largely into the consumption of the people.
Unity OF action will add force to individual efforts.
The SILK Crop OF Southern Europe-Its Re.
ported Failure.
IRON tie London News, June II
The advices from Southern Europe unfortunately
concur in representing that the silk crop has AGAIN
failed, the yield being variousy stated at twoffths
and even one half only, OF the ordinary average.
This would represent about the same amount OF pro-
doce 90 last year, when the consequences were
felt SO severely in the silk districts Of France which
had ia addition to endure the priyations arising
from the inundato1s the deficient harvest, and the
failure OF the vintage. Although there is happily
every prospect that the two latter elements OF suffer
ing will not exis. this year, the failure of the silk
crop is In itself evil Of ordinary magnitude in
asmuch as 1t forms almost the sole resource OF a
rearing tie silkworms, the cultivation OF she null
berry, and the preparation of the silk. and is
moreover Of vital importance to the prosperity Of
Lyons and its doEsc population, engaged N the silk
manliacture. Nor do the accounts above Quoted
fully represent the extent of the calamity. The
number OF eggs pat to hatch tbs soaSon wa largely
beyond the average, and yet the yie5 Of Pix does
not exceed that of last year; showing that the dis
ease, 90 far from being checked, would appear to be
even more violent and general. Tie price of eggs,
which had Teen about three francs per ounce, hid
risen TO fifteen francs in 1856, and even higher
price has been PAID during the present season for
those procured from localities where the disease had
not shown itself. But not Notwithstanding the expense
thus incurred in the hope OF securing more vigorous
broods, the result has been the same; mauy OF the
eggs. failed altogether; Others produced worms
which, after undergoing one o. two changes we're
seized IT'D the fatal gaif,Hs. and a small portion
only promise 10 reach the cLrysals state. Moreover
the moths from these latter, instead Of being vaiua
bic for the eggs they produce, are only source Of
iutse anxiety TOR an intelligent silk grower of the
Ccyennes has remarked that although the first gene
ration from new and healthy breed of moths may
be successful the second invariably fails wholly or
partially. The malady would therefore appear 20 be
local, were not that districts hitherto ked
by the disease have shown tokens Of its presence,
the course of the infection being az unac5ountuble
and mysterious as that OF the vine or Of the potato.
That SO dire calamity should excite the anxiety
OF the government, and that inquiries iuto the
symptoms and probable causes should have been &C.
lively pursued Is 70 be expected; but hitherto no
success has attended the endeavors 10 provide
remedy. In the departments OF the Rhone and
Gard alone II Is estimated that nearly two hundred
thousand persons are directly or indirectly engaged
In the preparation and manufacture OF silk az the
chief means of their subsistence and in the Cevennes
the land, nearly valueless for other purposes and
utterly incapable OF supporting the population
by agriculture, reaches sometimes the price of
$500 per acre. The loss Of the slkworm
involves at the s3me time the diminuton OF
the revenue from this land 90 that the sacrifice Of
capital represented by so extensive mortality az
that which has occurred during the Last two years