Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1860-10-03
The Cotton Trade.

The New York Shipping List Of the d ult, in commenting
upon the recently published record of the cotton crop
year ending August 3st 1860, the following remarks
Eight nine States of the Union engaged cultva
ing the staple, and notwithstanding that for the twelVemonh
under review the crop was the greatest record have the
most satisfactory evidence that the demand for consumption
abroad and at hOme at last keeping WITH exceeding
the capacity production retrospective glance
Importance annual statement shows that the
staple gradually increasing in almost
manufacture and consumption to day. on either side Of the At
antc 70 belief that the increase continue
the same proportion for future Great Britain the greatest
manUcturpr nation in the world multiplying her mills and
spndles annually increasing her already
en in that peces Of enterprise Hence last wear The Man
chester and Liverpool people took from $50 bales more
OF Us before Ia France
Sterng care which the leading industrial interests OF the coun
y are receiving at the Of the present Government has
had the effect 10 give spur to the cotton we'll as other
Of the % material in excess Of the shipments Of sv nreons
season. Throughout Germany and the North Of Europe
aspect political relations with the consequent dprs
sion of general trade the emigration Of OF population
adapted successful development OF successful
featuring system operated to some extent advantaeousy
and we are NOT surprised to note therefore, falling Of about
from the aggregate taken FOR consumption there
So feature, which Will arrest attention.
rapid increase Of consumption, circumstance which
certainly tells well for the progress and prosperity of American
which many OF leading branches are still supposed
jeced.
This increase noticeable in the Southern in the North
ern staes-hough from many causes which is unnecessary
specify here the rate Of much greater in the
regards the future would seem to be best promoted
surface OF land under cultivation
10 the European that the advantages
the Southern States the Union, whether regards soil
climate labor or facilities Of transportation, far superior
those OF Africa India that the endavor to raise
OF supply those remote semi bararous and nsaubr
regions only contemplated in the light Of hopeless
experiment. The Northern members Of the confederacy the
time il must recognize their interest in
manufacture increasing the value OF the home
market planter This magnificent cotton trade, with the
varied interests commercially political and social which
uster around and raate times past and doubt
again. the main prop and pillar of commercial and
financial credit nation But for the bounul crop OF last
it scarcely necessary say there would have been
balance Of against day, which the harves OF
luxusn they would not have sutheed to ad
lst. the value OF $50
ae that crop worth 1898 500, Of which So7 POS $50
European pockets Then is difficult to estimate
which the shipping interests Of New England and
North indebted to tie trade for the comparative
rospey which happily falling to theshare while 4;
taken Of the facilities il affords, in
aey ways profitable eupoymentof capital and for
mailing thousands and thousands OF the operative class among
{, to provide the means Of subsistence.