Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1859-03-09


operation of which have been speaking, Of the
reduction of the price uf the manufactured arli.
cleS, consequent ON the increase OF manufacture
ing capital. and the increase Of the cut.tn creep
by the influx of African laborerS will he hurled
back upon tue cotton planter Of the South iy
the depression Of the cxchangeable value Of his
great staple. We talk much about coltun he
ing King. But that King bRs never been aLlc
to govern the prices for which his SUBJECTS sel
tue products ol their toll. SnDlchndy else was
klns last Fall aud Winter when q cotton CROP
unusually small, and which cutere'i tie market
at fifteen cents was suddenly put down to eight
and nine cents. Who was the King then
And where rid the loss OF that revuls:on fall
1t did not fall upon Wal-strcct nor 1nniun
money changers. it did nut-fail, ~ was stlprp-
sed by some, upun the manufacturing capitalists.
1t fell upon the poor laborcr III the iactorics,
and the cottjn planter Of the South. The Ole
went out Of employment ard lived upon dir aud
the other took half price for his cotton aud
the English aml Northern capitalists, whose
establishment WAS suspended i'll its operation
Tor season. willie better speculation WAS gn-
irg on-and SOON Resumed with al ample sup
ply of what the London Cotton Plant" so
extensively circulated in the South, (lave you
seen it?) so glibly calls Cheap CoilIa;;" and
now they are spinning and printing fabrics,
made out Of cheap material, 20 be sold at profits
and prices corresponding to tho recovc,cl con-
dilion Of the currency ami the commercial
world. They can :ooa repair all the losses of
few mouths suspension in their operations.
But when vii! the cotton planter recover his
losses Oh the crop Of last year?
To show that the increase Of our cotton Ly
L.,
materially, the Report alluded to above says
that there is All increasing demand in the world
for cot q. SIX per cent. per annurn. How t! o
exact per cent. was arrived at do not know;
but that there may be a certain natural increase
OF demand going OH in the world by the I'D
vancement oil civilization and the growth and
improvement of mankind, in the arts of indus
try and in commerce is not denied. But there
is likewise a natural growth of the cotton il.
terest in the United States and abroad and
with us, natura! increase Of slave labor, and
constant transfer Of slaves labor, unl constant
tcall, fer OF slaves from tier States to tie cot
ton lands of the Southwest. And this latter
march Of improvement is fully equal to tle
other, a is evident frJnl tue fact that there is
nU advance Of six l.cr cent. or other per cent.
in tue average price CT cotton. The truth is,
as we all know, thut slavery is gradually Co,
cel!tratins in the cotton country. Its rccedinG
from Delaware ami Maryland, Virginia. Ken
tucky ana Missouri, and in some degree from
other States, m,d concentrating itself in the
cJttun regina There are two cau.cS powerful
ly operating to rem, ,ve it from those States.
Ono is, the superior value Of slave labor in the
cotton lands; tic other the rapid increase If
white population and the inevitable consequence
of cheapness Vi labor. One Of. the most distin-
giihed Sons OF Virginia has shown, BY irre>isii-
bc reasoning, that thi, latter cause will ul-
ti,nately renoYe the institution from the Old
Dominion ald from otErr States. These causes
are natural, and according 10 tue Irresistible
Course of events. We canuot stay these results;
BIT le. us at least not rrcripi!aio them Anal
II sl.very !, ultimately to lin! itI Gr timsiua ~
t..c cyLlon rc.iuL vi the SuutiI ullli Southwest,
Thrre its province will Lc lini;c |, lus II! not -
lcrea>v il, nrnbcrA ", 10 csnn,e! that regrl tu
cxclu le them in >rlr lriuncc, vr to render thrll
r,r valuable in their sphere.
With this reduction OF the price Of cotton,
from the increase Of It's production, it j. nam.
FIST tat the price Of cotton lands would de.
preciatcd III corresponding degree, instead uf
being enhanced, as va, said, by the increase IF
tie slave population An acre of land is valued
according To the ain ,u,t Of mracy its prmlua-
tiveaess will bring To the proprietor. Iflhtt
acre will produce one bale of GOTTEN, and the
price vi that bale i reduced to five cell:s per
untl. the land is worth just half as much as
wleil tie same cotton WAS worth ton cents. 1t
is very true that the iluc! !u,:ols of price when
ariAc from uccaSlnlit cai3eS AMI are only TEN.
lhrary III their nature, will not ailect the value
U real CstlLr 80 ~ tu make il rise AMI tall with
every Change But this is II fair mo!e and the
true rule Of reasoning And when any ca'lse
Uf permanent nature reiEcss tie price of tho
p;uu u:ct III the soil, it has " tendency, to that
extent, tv rcducc the value uI the sui itself.
This British paper hrs undertaken the cause Of
the South 1t ayucHics !i,c rc-npcnins of tic Savu
Trad. iy TIC Unite States; hc withdrawal of tbs
BRITISH squadron from the coat or Afr;c. mud ile
nrsutn mt is "Cica' C"tton' for British u,ana.ac-
tafcrS.