New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-02-23
Hs''-fss.sA
G0TTssN PLANTING.


Cotton planting time will soon come again, and
the seed viii be hidden IN the rich earth of The
South which viii yield product Of several mill
lions Of bales, more or less, in the golden harvest
time Of 1860. We suppose that many planter
III seeding time viii be troubled with uneasy aE'-
prehensions about the price Of cotton ten and
twelve months hence; that disturbing visions 81
4 world market oyerstocked will trouble his cal
culations and aflict bis dreams chat faneies OF
heavy surplus stock of tho great crop Of isSs Will
perplex his anticpations Of receipts from the
yield of his vide and Increased acres laid down IN
tile seed 81 Tie fiber; that his fears will suggest
that hugely Increased new crop will crowd into
| the market upon the unexharsted Old crop, and
| his enterprise be rewarded with smaller pecuni-
4 NV results than II he had planted hnt the same
amount ii ground and cultivated at the same cost
/ as heretofore
Hopes and fears viii alternate in his mind, but
Ne viii find consolation in the now very general
and fastgronnded conviction that more cotton cans
not be raised than there will be demand fer, for the
history Of the cotton trade demonstrates the great
fact that 1t u one Of the great staples Of UNIVERSAL
world consumption Of which Hte supply li,ats The
demssad, not The demand ne supply that spndles
and looms enough will be found to spin and weave
all that tie earth can be made to grow and that it
cannot grow enough to crowd the price down be-
low remuneratipe figures. Cotton is money. Like
the precious metals, it has an intrinsic value, and
though, like them, it may be sometimes depreei-
ated In Its trade currency, yet its proper value is
still there, inaenably c6existent with it. Manu-
featuring capital is always ready to give warm
reception I'd al which may be produced, and az
the shortest notice; and the better prepared be-
cause il now looks on regular and large increase
Of the stock from year to year Us certain thing.
Its being favorfse manufacturing Investment in
England enables that country alone to largely in
crease her purchases every year. In 1859 she con-
sumed q hundred and twenty-five Thousand bales
more than IN 1855 and three hundred and twenty
thousand more than in 1861.
Ieaass:ssrs should not forget, however, that in /
cotton raising, as III gold digging, the cost Of pro
duction may exceed the value Of receipts that it T
does not pay to take ont gold valuable it is, ct
q cost OF twenty i've dollars per ounce. Neither
viii it pay very wen Is raise cotton at ten cents
BEL pound, and buy corn at q dollar and quarter
busheI and BACON at ten or twelve cents per
nearly 50 well Is il Little less ground
were put id cotton and little more ii corn. Too
much money has 10 be sent away for corn and
meat to Northern aud Western free States, who do
not return the compliment in a reciprocity way BY
saking much Of our cotton The planters Of the
South can raise nearly as much cotton and all their
,orn and meat Is well, if they would only get in
he way Of it. In some Of the most productive
otton districts OF Texas corn Is now dollar and
quarter and upwards per bnshel, and scarce at
hat according to interior papers, and the planters
10 paying dearly, and will pay dearer, for the
plendid crops Of cotton which they picked last
ALL; and are, perhaps, wishing that they had put
tile more ground in the cereal and little less in
he fiber. The spring Is too late time to correct
be error Of year previous, but It is not too late
) learn q lesson feeIingly impressed by the ex-
ense account for supplies eating up the cotton
rofts, and forcing the planter TO hypothecate the
rop, the seed Of which is not in the ground, and
. stand e shayes z on his paper which bring down,
cent or so per pound, his realized returns.