The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-02-20

he vaiue OF discount accommodation will be chiefly regu.
aled by he state OF Tie balance ade between this Con.
wy and The uned States hence, the souodpess of hs
internal uase ct America may some measure reyulsts
that balsrce
THE COTTON sUfPLY OF ENGLAND IT'S IMPORTANCE
TO SOCIETY AT LARGE
From the (IonGon) Cotton Supply Reporter Fab a,
Upwards ~ 6OO ,VUV workers are BOW empog ed n, -
cotton factories ana has been estimated that al east
aV 600 persons 10 this coanry dependent upon Inc
cotton trade for subsistence century ago Lancashire
contained population Of only 1900 persons; 1t nov
numbers 300 GOO In the period Of tme tas onor
NOUS in that other equal surface a
the globe and diirey owing to the deve q tho
cotton trade In 1866 there in the Unitnd Kingdom
DIV factories running rs otos00 spines ana 299 OO
looms 0y % 600 horse power Since that period ooa-
SIDERABLE number OF mills have bee. and OK
.onNve aodiuons have been made to the spnnr z aud
weaving machinery OF those previously IN existence
lne dmessn actual capital invested the cation raxs
S7n ~ nco 1s2do esoed 70 be Leheea eco 600 900 AID
The quantity Of cotton imported into this country i.
.S,ch =, "a io,T million pounds weight the valae of
wnCn =. gu per ID Is equal 70 ESQ 900 sterling Out
q 2S29 10 bales Of imported into Great Rr,ts
America mas supplied US with 20S8 BAL thai is 7ts q
all countries int Great Britain America has supr.sd en-
nda has sent about SOC 900 bales sbou. 100 oH
$500 and 1000 bales In 1859 the total vaue Of ths -
ports from Great Britain amounted fl3O 6i3lsS -
which EAT eO92o consisted OF cotton goods aud yarns
Thus, mere than one third If OF every CO Of or
uure exports consists OF cotton Add TO this the proper
ion a cotton which turns part OF l2Oo0, 600 more ex-
ported in the shape Of mixed weolens, naberdashery,
millinery silks apparel and Stops Great Britain sieas
consumes annually "A 900 worth Of cotton goods Two
CONCLUSIONS, therefore may safely be drawn from tho
acts ana figures Oited-hrst that the interoetg
a every coSton worker are bound up with a gigaa-
tic rade shich keeps IN motion enormous msss q
capital, and THIS capital, machinery and labor depomd f
vs srhs Of its employment upon TIE Stare States Of ls.e-
roo for prosperity ard continuance; secondly, thai a
Shoutt at ANY tss break out bWen HNia~d AID iwjco,
general tnssveson take place among the saucs diseasc
sweep ~ those os by DEATH or the cotton crop fall short
IN quantity, whether from severe frosts disease the
plant or other possible causes ls tcold be eppeS
for rant Of csM employers iu0td be sed and fdnus
soould stalk abroad among the hundreds and Thousands a.
usrk people who are ct present fortunately well On
poyed
Calculate the consequences for yourself Imagine q
death cotton and you picture the horrors OF such
calamity Iron the scenes you may possibly have WA
messed when the mills have only on s'short time"
Count all the trades that kept going out Il shs
wages OF the working classes, independent bulders
owners. Railways would csase TO pay and our ships
would lie rottng in her ports shoua scarcity Of Tie
raw material for manufacture overtake US.