New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-01-09

AyeIsss P,a1d- P d.sooo
i8lo 10 isi2........ 6la00oOc0 55ea@o
1873 to l94j..,....... Il9oo@0 JtVo"
We have here an addition 10 the quantity NJ lSlI-
1916 amounting 10 no less than go 100000 Of pounds
and requiring nine times the amount OF inland trans
portstin-even admitting that the of cultivation
had remained the same. We know, However, that, IN
that period, it had qusdrupled and must nave r.
quirtd fifteen If not even twenty times larry" force
of mem horses and wagons to DO the work. Allowing
for this Mr.. President. YOU will readily see that the
planter must, in these years, hav" been giving 'W'-
C00oc0 Of pounds, for les than twice The qNany 81
money that thirty year, before, he had received Tor
S0OC0,OC0.
observation-disclosures -6ooo"@'
Here We have nearly 30 600 600 to he transported.
additional to those of lSl5-l6; aud from an area OF
cultivate. n that because of the unceasng exhaustion
of the soil, Lad been again enormously extended
Such being the case, it may well be doubted II the
actual quantity of money. or moneys worth. that
reached the planter in exchange Tor these ,O3Uu-
GEO. was much more than twice as great az tnHt us
predeces sors had received fol sONo,WO. Making the
smallest allowance for additional transportation, he
was here giving three pounds for the same money that
before had been receiN ed for one.
A,eruse. rouuis. Prcr
le5N-la5i............ T2l eooelo 100000"
The cree fact j. here presented that the less cotton
the planter sends to the foreign market, the more
MONEY Ice receives. In this case there Is saving 81
internal transportation. as compared win lHi upon
oi5 eco eco uound~ and increase at gross receipt
amounting 70 $40 OOOOOO. Allowing for the additional
freight a. compared with ISL the producer was now
not giving more than two pounds tor the price re-
ceiNed before for one.
Observation-Disclosures -S,o'""
Here il an increase in the quantity requiring to he
TRANSPORTED amounting to more than o"uVo'Vu"
nounds nccomuauied bV IA dimnutiou OF gross receipt
amounting 10 81 600 coo; and dimnution OF net re-
ceiut TINT cannOt be- estimated nj less than SVVu"o'V'
A. compared with lSlj-l6 the planter mu~t mr.
have been giving five pounds Tor the Pio' Nv ~
i"T h orss of things above described IL without
II in III. history of the world. In the natural or
der of affairs, the cuvator pr"iiis by improvements
in the machinery of conversion, his products rising IN
,Ler nrices NJ the finished commodities fa-ragS be-
coming dcarer paper becomes cheaper, ana wool
going up az cloth goes down. Here, however, all IS
different In the forty years above referred To- each
and every one h brought with it some improvement
in the modes of converting cotton into CLOTH until at
length the labor of single person u more productive
than that of four five had been before AMI yet so
far are those improvements from having been at
tended with any increase of price, that mud the
planters giving steadily more and more cotton Tor ess
money-and thus affordng the most conclusive proof
of tendency toward barbarisIn.
The cause of this being, a. We are told, mat TOO
much cotton is produced the planters hold meetings
with view to reduction in the quantity; and Yet,
from wear tO year, the crop grows larger, the area
over " ch il requires to he grown becomes more and
more extended, and the net proceeds decline IN the
proportion they bear to the population ~ u" states
in which il il produced. 8 In 1919 That population
amounted To 2,2,U.iUO, whereas, IN IND III fN'''lt'i
900 eco In the first, the gross proceeds O NOW,WO
pounds were S20 JE,O0O whereas, IN 1917, l,o9bw,-
eco with all the vast increase of freight, were gwen
for s6 00 000 and the total gross proceeds of the
crop could but little have exceeded $50 ,Wn,oOo.
Struggle a. the planters may the Is still the same
they being required Ia give from year Ia year, more
cotton for les. money and that, too IN defancc oil
great natural law in virtue OF when they should nave
more money for less cotton.
We mr.. Tins Mr.. President presented with the
maikable fact. that the two cluei products oi tue
Union ore steadily declining IN Their power 10 com
mand money i'm exchange; and that, 20 far arr the
farmer and planter from div ding with the consumer
of their products the adv nntages Resulting from I'M
proved machinery OF transportation and conversion,
the latter gets il all, and D'ors-the former obtaining
less money the more procure he has 10 sell.
II il asserted however, that all tins Il IN stfct uc-
corlance with some great law, III virtue OF which
everything tends become cheaper; but bIlet eX.
animation of the general movement at puc'e VIII
prphably snt,fy YOU that the only law with which IL
is in accordance il that human one, doa0"Hced 6g
fdGm Smith, having for is object the cheapenIuS OF
the products of the earth, the establishment oil
the SUPREMACY If trade aid the reduction OF man To
the condition of instrument To be used b! the
trader: or in other words, 10 that of Il slave.
H. England, the price "f Sleeps wool has doubled
in the la-t eighty years and that, too, not"ItStand-
iug the extraordinary extent 10 which cotton, III That
psrod has been substituted for WOOL. Had there
heen my commodity whatsoever, by which the theory
Of reduction Of prices could have been supported,
this would certainly have been the one and yet, the
facts are directly opposed thereto. In France, too,
wool I. greatly risen. In Germany, it is now so much
higher than Thirty YEAR since that that country
has become great importer. where formerly II was
large exporter of this commodity. Looking next 70
silk we lind the following remarkable illustration OF
the great law that lies at the foundation o all human
progress In the report on the commerce and nsNga,
tion of France We have the official value, established
ubou, thirty wears since, OF all the commodities ex.
por,ed and imported side by side with their actual
value and are thus enabled study the change that
are now going on, and measure their extent How
great they are. and how precisely they move in the
direction that has been indicated, is shown in the fact
that while sewingsilks have fallen from % to % francs
per bound co, oons have risen from to irancs.
Turning nowto Mr. Tooke : valuable table OF prices,
IN H.. p.Tiod from l7s2 70 1873 aud taking the first
ara a- decades thereof obtain the following re-
sus: ,.,,