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

commercial affairs involving it does diminuton Of
labor In the manufacturing districts considerable interest
was manifested the proceedings and early period
very large number Of persons were preeeat bad
been that several members OF Parliament were
invited and would take part In the business, but unortu
naeiy their duties In the House prevented them from
attending ana giving utteranCe to their sentiments upon
subject well worthy their consideration We regret how
ever 20 state that that warmth Of feeling which
pected from cotton merchants was fully exhibited
as was anticipated for the first resolution had scarcely
more than been declared carried, when about haif the
audience left and the business proceeded the number
Of the remaining listeners dwindled The speeches
too long and too many.
The following resolutions were adop.ed:-
Reso,yed That this meeting deeply sensible o. the inside
S. 70 nss ps
snd nao II and IN
and venierce to the and endangerng
meeting the colonial
s~s ss . o q @
plant aud that the duty well ineres Of
s ~ s sS be ss
tended no. only in the British domnsons but in all be
Resolved That this meeting has Observed with satfion
having object e more suppiy cotton and
viii the cos Supply A;soeaio consisting Of Ave gentle
pose OF ensng members receiving subscriptions and con-
Mr. W. BARRIER, 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 be believed that in America, at the tune,
there the relative proportion betwesn the slave
labor applicable cotton cultivation and the general
puatios, as existed In 1882 when there great
city and while the number or slaves In the cotton growing
States lad thus been increased by their removal tnher
from other parts the health Of the slaves had gradually
improved little cessation Of work the part of manu-
facturers would relieve any difficulties that might exist
and the energy of the United States great enough to
meet any real cau for extended cultivation although
did not say that was always to be depended
upon.
Barber, the stocks at the cloee OF 1885, What he
(hr Cheeham) WA alarmed at, not so much the low
state OF the stocks las Christmas the steady declining
tendency manifested since 1916. (Hear, hear.)
Sugar Speculation IN scurope-African Labor
I'm the Colonies.
Prom the London Chronicle, June 10
The excitement in the sugar market increases. II
has been singulariy active to-day and the largest
sale for many years has gone off with considerable
spirit at rice Of L. 10 Is Cd. per cw for the day.
The stocks here small and, without reference to
the supplies, tie consumption is expected to be un
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 in the market. We would
now direct attention to subject of some interest
The popue len of this and all other countries is
steadily increasing year by year, and conse-
Guently the consumption of colonial produce in
creases IN proportion. We find other countries CON-
peiDJ with ourselves in the market of supply at the
time that the production does no: sensbly in
ofcase indeed it is IN many articles from one cause
or another, diminishing-and hence, with other in
fuences OF recent rate, high range Of prices is
being established An effort is being made 10 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 indirectly
and certainly inseparably united with our other in
1vxCfr late <kA
and demand are not equal the latter exceeds the
former, and will increase year by year in O
gieeter 0egiee, unless endeavors, besides what
high prices engender, are made to meet
tie wants OF the multitude. In carrying
oct any tactical system of this kind two essentially
necessary aids will at once present themseves--an
adequate supply OF labor snd capital. 1t will be
worse than useless to supply the one without the
other. II our Hest India Islands tcers furnished
,oih sufficient supply Of Chinese Cooiie labor or
Jrte AFRICAN, our supplies Of cotton sugar, coffee
yum, and Other articles could be multiplied Jourfold
We trust that these remarks will not he without
tnst sooner or later the fact will force tcif upon
public atfenton-that II high prices are TO be kept
down, and The wants Of the people supplied, some
the extended cultivation OF those products which
enter 80 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 Fsilure.
From the London News, June l.
Tie advlces from Southern Europe unfortunately
concur in representing that the silk crop has AGAIN
failed, the yield being variousy stated at twofths
and even one half only, OF the ordinary average.
This would represent about the same amount OF pro-
doce cs last year, when the consequences were
felt SO severely in the silk districts of France which
had ia addition to endure the priyations arising
IRON the innndatoos the deficient harvest, and tho
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 Ia itself an evil of ordinary magnituie in
asmuch. as 1t forms almost the sole resource of a
rearing tie silkworms, the cultivation OF she null
ber1y, and the preparation of the sla, and is
moreover OF vital Importance to tie prosperity OF
Lyons and its deEse population, engaged m the silk
mnnutacture. nor do The uccoun;s above Quoted
m'ly. represent the extent Of the os,mlty. The
number OF eggs put 10 hatch tbs scaton wa largely
beycnd the average, and yet the yield Of Fix does
not exceed that OF last year. showing that the dis
ease, 80 far from being checked would appear 10 be
even more violent and general. The price VI eggs,
which lad teen about three francs per ounce, had
risen TO fifteen francs in 1856, and even a higher
pice has been PAID during the present season for
those procured from localities where the disease had
not shown itself. But notwithstanding the expense
thus incurred IN the hope OF securing more Wig
broods, the result has been the same; mauy OF the
egFs failed altogether: Others produced worms
which, after undergoing one o. two changes, we're
seized wl'h the fatal gaifRe. and a small portion
only promise 10 reach the clrysahs state. Moreover
the moths from these latter instead Of being valua-
Die for the eggs they produce are only a source Of
iutiae anxiety, tor an intelligent silk grower OF the
Ccyennes has remarked that although the fret gene
ration from new and healthy breed of moths may
he successful, the second invariably fails wholly OF
partially. The malady would therefore appear 20 be
local. were II not that districts hitherto unattached
by the disease have shown tokens OF its presence,
the course OF the infection being unacsountubie
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 into the
symptoms and probable causes should have been &C.
lively pursued. Is 20 be expected; but hitherto no
success has attended the endeavors TO provide
remedy. In the departments OF the Rhone and
Gard alone II Us estimated that nearly two hundred
Thousand persons directly or indirectly engaged
in the preparation and manufacture OF silk "a the
chief means Of their subsistence and in the Cevennes
the land, nearly vauelcss 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, 30 that the sacrifice OF
capital represented by 80 extensive a mortality az
that which has pcCurfnf auTipc ha loas t,xa