Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-02-02

New 3crk ate he failures decreaaa i, ls5s -.
compared VI ls9t. nearly flry per cent Ia Ibs
New England saaies ihiriy-six per cent: IN pm
sylvania tn. decreased oesry ihirty-tws psr esn,
Ia 0bio, eighteen aud aslf per ceut: In Indian,
nearly twenty se'eH Psr cent in Iowa, seventeen
per ernt
In Michigan. tbe failures il 1853 are nearly eoq.i
40 those Of 1857, and he sta'e y recovsrie0 mt
/ slbwly from her Pr' strAlioa In Illinois The fail
1 tres in rrased Issbty sF cent in 1863 ba. thew
were mostly in The rural portions CT he State 10
I which the iuli effects Of The paae did got extend
until alter he close Of 1857; and whas is true of
Illinois In this respect applies also most Of the
( Re-iera States. Oniuinz Chicago, howeser. ia
which speculation bad rim wild, Illinois has net
suffered very severely Ia Chie4go the failures in
1857 numbered III, with liabihies amounting to
81, 572 O0O and in 1858 there Wer 81 failures with
Liabilities amounting 70 So, 500 664 In the balance
of the Sale there we're 1919 failures in 1857, with
liabilities Of 60 766 900 and Ia 1858 there we're sos
failures. with liabilities amounting 10 81 95e, 2l0
In the southern States he Effects If the panic
we're not fully experienced until 1885, aud the zil>
Urss in that year show large increase over those
in 1851 bur, from The general absence Of wild spec
ulatIon in the South it maiBtains good degree Of
steady prosperity. The Csnadas have suffered Sc
verely IRON the panic but though business is still
dull, there ME signa # Improvement there as well
ia the United STA es.
Tee Liverpool Rsreury Of The 9Th Of January. r.
marks follows uIon The escs Of the panic Of 1857
on The promotion and msnuf4clsrs Of eOttOa:
The ample statistical returns with reglId to the
import. consumption and Manufacture Of eO,tcn ia
ring the aot yesr which are nov appearing. throw
much light the influence which the commercial
eOn,ulsIon of 1857 has had that great article
The Importance Of the subject viii be sufficient
for pointing it out.
The most msIkso effect Of the sudden AMI violent
fall 10 the price Of elton aud cotton goods which
foil we'd that CONFUSION, has beeu 10 concentrate
the production OF both those articles 10 the hands
of the richest abd most skiliul producers. and 10
drive Wesker competitors cut Of the IL As far
as the material is concerned the cJtoo groWsrs
Of the United States have taken more decided leaf
than ever, and tar the manufacturers are
concerned, q similar lead has been taken By the I
manufacturers CT this country.
On comparing the quantities Of cotton imported I
into the UGited Kingdom in the two years, appears
that The aggregate quantities did not differ much bus
that the Of supply vesy different From
the United States there vas last year increase
Of 3Sl 800 bales while from BRUSH Indian there
was decrease Of rot lefs Than $40 500 bales ami /
from BrszTl Of 81 40 bales. In Egyptian there is
q small increase which does not affect the result.
Therefore relates the supply of eOtiOs the Ell
feet has been to increase the import from the Unied
States from 49, 900 TO SOS, 258 bales; but as re-
lates 10 the East Indies, diminish the import fro
CSC. sos to $50, 9S7; and relates to The Brazil
from l68 9l4 TO LOG, 227. We are thus more depen
of cObOn--the East Indian cotton-groWer having
been almost driven out Of the field at time when
be had begun TO produce really important addi-
tiOn to the American supply.
Another curious effect Of the CONFUSION or reYul-
sion Of 1867 has been TO give the British nanufae-
tnrer the supply Of ccttSn which his rivals in the
manufacturing districts Of the United States would
have had in the natural course Of things Ia 1857 /
the American manufacturer consumed 102, 1873 bales
Of cotton whilst in 1853 he consumed only 452 200
thus leaving an extra supply Of 100000 for the
British manufacturers. How much he viii consume
this year is quite uncertain; but there has only
been year since 1851 with the exception Of the
lRst) in which he did not consume upwards Of co.,,
OO0 bales. That vas Is54-5 when he consumed
593, 500
The effect Of The temporary expulsion Of the
American manufacturer from the field Of competi-
ton, and Of the weakening Of eon'inen'sl produc-
ers, has been 10 give 10 the British mlnDfieiurer
almost undsputed possession Of he markets Of the
world but more especially Of the msrksis OF the
Ess; According to a valuable table published in
the Manchester Guardian. it appear that the num-
Der of packages sent TO Bombay, which amounted il
1917 TO 81 0OO bales had increased in 1853 to ILL.,
900: whilst TO Calcutta the number Of bales, which
amounted to 1884, 900 in 1857 had increased 20 1884,
900 in 1853 the increase iu price in the former
being from Oue and a half million sterling TO two
and third millions, and in the second case from
less than three msiions to upWards of four and
half millions. Although the increase in the value
Of the goods sent to India in 1858 is upwards of
eight million sterling. whilst in 1871 little
more ihan five millions and the value CT all the
cotton goods ex ported in the first eleven months
Of 1858 is upwards of twenty nine millions stsrl-
ing whilst that Of the corresponding eleven months
Of 1857 was less than tWenty-seven millions.