The daily union. [volume] (Washington [D.C.]) 1845-1857, 1857-02-11
THE COTTON INTEREST.

Among the of information found in our foreign
files by the Baltic nothing appears to important
than the proceedings ola meeting Of the manufacturers in
England in regard cotton II is announced officially,
by English authority that at the end of this commercial
year THERE WILL NOT BE ONE COTTON HAND IN
LIvERpooLl
To appreciate the immediate Importance Of this great
commercial fact glance at the question in u many
catons in Europe is necessary In ls46 the 'stock on
handn in Liverpool 100000 bales american cot
ton, or twenty weeks supply working full time; in 1855
the stock hand bales which, allowing for the
additional number of spinners furnished only eight weeks
supply Estimating the present crop at 100000 balesa
liberal esmaethe increased demand for the material
all over Europe from the Baltic the Black will take
at high figures every pound of that 100000 bales work
M the present limited stock hand and leave the mar
kets of the world bare "There will not be one bale OF
surplus cotton in Liverpool" The increase Of consnmp-
ton over produce during the last ten years has been al
the rate Of 1854 per cent against s77 per cent This
shows an increase of consumption production Of
es7 per cent for ten years Before the year s45 the
portion was the reverse
tLs condition of things continues the market in 1858
Ocober will open cash orders from the actual con-
sumers in Europe every pound Of cotton posi-
. y
1t appears from the various data before us that this de-
strucon Of the Surplus Liverpool and with it the mo-
nopely so long exercised by that market owing entirely
the policy nauguraed on the continent Of Europe du-
ring the last six years The pnners the Rhine
in Holland in Belgium and in Austris formerly pur-
chased their supplies in Liverpool Russia alone took at
the rate of 10000 bales Of cotton annually from the
English depot The movement to establish direct trade
between the American planters and the continental spin
ners gave sudden impulse to the cotton manufacturing
interests throughout the continent. The Prussian Com
mercia League gave attention TO il, the Netherlands
Trading Society took it up, the merchants of Bre-
men, Hamburg, and Antwerp entered into IT, and
the continuous agitation in the cotton States Of Amer
lea attracted the attention of those European Off
cial influences always the look out for important
movements We find the duties cotton first reduced
and then repealed Every drawback to the free mpora-
ton of the great American staple removed and
the peace policy Of Russia adds to the imposing character
Of this great commercial and industrial party the con-
nent of Europe for direct trade with the cotton growing
States of America
With the surplus Liverpool destroyedwith the
nopoly there broken up, and direct trade based on
the continental demand, thus fixed and leading fa.
ture in the cotton tradethe United States possess
another bond of peace not only upon England but
all Europe The fair promise Of wise and far-seeng
administration under Mr. Buchanan guarantees these ad
vanages least for four years. and believe for long
time afterwards. s
We cannot allow the opportunity to pass without d-
recng the public mind at the South to the benefits Of
practical craftsmanship. Here is great result worked
out by private within the Union, and under the
general prosperity incident to that Union.
The English manufacturers calling the East India
Company for assisance They had better rely upon
with the United States Nature has settled the matter:
Cotton is King and the planters control the power
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