, 1860-12-15

The cotton-supPly movement in England
has ut last taken j decidedly practical turn.
After great deal Of random spccchi1yins and
Inflated writing, with not little ouixotic ac-
ton also, the men Of Manchester have deter
mined OH showing their fifth III their theories
by their works. At length bou.titlc coEp0-
r:l1:on is launched, styled the "Cntton COM
p.nyY i1imitcd}, with u capital Of $500 eGo, anil
thirteen directors. the pick Of the cottun lords
Of Manchester. The object Of the Company is
to dGTclope the cotton tE,le oi lntiil, conti1i-
il,y its operations chiefly to tile district Of
Dhsrwar. The prospectus Of the Company
thus describes its intended operations: - The
first Efforts Of tue Company will be directed to
the cOtton-growing district Of DharEa5, in the
Bombay Presidency. The urgent representa-
Induced the Indian government to commence
the construction Ut a pier aud harbor at Sesias-
lcyayhur, and also Z road seventy 1Ii:cs in
length, leading from that port into the heart
of1he cotton district. In Dharwar. $4,000 acres
Of American cotton are now grown, the value
I'd to 6td per ID. At present this cotton is
used only for mixin. with the native variety,
to giSe it yalue In the Bombay market. It IL
Intended that the company should Establish
itself III Dharwaz for tho purpose OF buysn.
this cotton direct from the grower, cltauin::,,
packing, and shipping it from Scdas .eva.shnr
direct to this country. BY Offering :, fair prize
tn the ryot for this cotton 1t is the opinion of
DR.. Forbes that the area under cultivation may
be rapidly aud extensively augmented
The prospectus sets forth at great length the
REASONS that have lei to the formation Of the
company. It is asserted that the efforts OF the
Cotton-Supply Association have demonstrated
4.the Important fac: that India, Africa, Aus
tralia, South America and other quarters Of
tho world can aud will furnish cotton in un-
limited quantity and Of excellent staple" The
position Of the United States in relation to the
supply il thus a!1ndcd tn: "Our dependence
unon America for four-:ifths Of our supplies,
gives to that country virtual monopoly which
| involves
| j. Au annual excess in outlay Of eight to ten
| millions sterling for the cotton VIC consume.
! =. Tile pcrpetuation Of Il system of slave H.
bor, liable to interruption from disease, jusur-
rsction, and other causes.
! 5. y periodic OF chronic anxiety, arising
from the dread OF injury to the crop by fEpsss,
disease, worm, drought, inundaiicE, au1 many
| other accidcn's from climatic cluses.
| j. 4 constant liability to frauds, from adul-
I terations with sand, dust, .Sc.
! 5. i consequent anil serious t1uctua:ion IN
our total annual supplies"
The company proposes to Introduce ma
chincry into India for t.c purposes Of cjeaain!:
| and hacking cotton, which it is supposed viii
Materially improve its quality and price. Ac-
! -o:i,;ions have been opened with the Govern
| ,a.,. rr India, which has promised to meet tue
! y:,vs Of :'le company. by making grants OF
I -s.-, :1:a IL generally aid the prosecution o1
! liz enterprise. The projectors csti1aate that
they Tan place cotton eqnai TO american i'll
! Liier},ooi at I'd. per h. and sell it at i'd, thus
realizing, profit Of 50 per cent. On thti'
! outiay!