New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-08-09

selitso much below 1nrer9uee 10 the difference be.
tweenths asearained cost of cotton and The price e
for say you reduce the interest Won calculated
and adopt for the time which balances y5nr accounts
That do not make full rate Of interest eyide ce that
planters large capitalists great aaemuia-
on Of wealth going BUTT very apparent III hey coud d
yers their labor and direct Of their capital 10 interest
paying Investments they would promote their credit their for
tune, strengthen position that enemies
would be conrounded and the aoiousts become px
tinC Then, Massrs Editors III With my Invention
the most extraordinary inits result and the nence
application Of anything eser before know When we
contemplate III much us we value IT, we e in the tnvesiga-
ton before terminate the list Of dvanlages.
Language is insufficient to ucc By slightly dgcrsi
flying their labor an atrie of their Investment do that which
Financial princess Of them single step, en-
deevor TO see what III and what its results Take an IN
vemant which produces the extremes-lowes and highest
of 400 to 600 bnles Of cottonsay 45O bllesone with
another for live years. outlay machinery $4,000
$4,000 in addition required put my process no effect and
II negroes, mostly SMALL women old ones,
very few that elective attend it and spin the $50 bales
up and thus make the product planter
| than twice as much us II now does
In the factory mode, calculate tie interest this invest
men for the machinery, its tear the of oil and
the managers spnnos wages 1t ali may foot $1,000 not
| $500 per
Thenir should sell yarn oHly what costs the
uiocrer TO spin it. 9 above the price Of cot
ton il will be that to spin 10000 pounds Of at this
expense only about Ia cent pound inclusive ofouay
with interest capital and aud mach merry And
the profit and above $50 per cent getting 9sj cents
only over the price of The cotton for that which demands
ot'lAl W only Ia cent pound az the extreme HSt
think oFitt Is not indeed prodgions $50 per cont
But shauot be restricted oty above
the price of the coonwe viii fully get all the present spn-
ner get and have many chances prices Weghy
reasons conpire to force his In the FIRST place avery
large capital employed i'll The spinning cotton. So
progress in spinning that capital will be relieved and its rRt
raj a4iy will be towards yarns
This will be an immense result of invention and
ant aid Secondly, yarns will aow through the
same commercial channels to market that does, all
capital in TINT trade WILDE support Further
will he mad tau anil
month"; thus be the year through going market by time
of her arryal they will be actively sought for for Immediate
con'umption the market win be overloaded by the
crop belhg thrown on Within few months Aud lastly,
after crop two planters will have realized enough to
Of their debts, which will give merchants and
to traders and enable them to deal With Should
they want credit it will nndoubedIy be increased proportion
TO their increased means Of paying.
have here presented to foster and in
crease prices and demands each Of which powerful
would admit Of vide and interesting elaboration and which
cannot be conroverted With truth.
One view in confirmation Of what have RFitten
conclusion Of this branch of my subject 70 $50 bales
400 pounds at the price Of five years amount
to $1,000 Let rs deduct from this the pnnte expenses
tue plantation expense, and for extent referred
TO- take It about 0o0 remain Let put crop yarns
aud sell only COTTON galue 20 cents
and brings $50 600 The expenses into yarns sim
pie outlay and above expeass viii 5000
Them the product thus sold for $50 900 wlaye $1,000
duc.ed FOR present plantation expense portion Of
the $4,000 being s go and $3.50 from the produce is
$4,000 for its pofaico which reaes 100
than by the cotton portion and showing tha my
worth to the cotton pane and halt planaous
etc. than such lie cuyaies instead being
worth to him simply another PLANTATION and negroes equal The
one he cu1ates and merely doubling bis income have
hitherto thrown ont
Aessrs Editors, let Southern pnteTs
examine position and advantage, those whom
find the field lot understand ewn present
to the world yetsry win be comblsts without
When armies meet there great disparity force po
sou, onelealer and other epsaatss English
arms IN like case surrendered 70 american and. may