The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-09-30
THE SUPPLY OF COTTON.


Manchester proposing 10 establish cotton company
ne Gotten mansassaTc o. this county great fact
hsIsD1s commercial progress and prosperity No pro-
tectioAt hna4c now procaims that England would b
hsppy - psaEesous n every one Of s manufacturing
cotton sssds The value Of me sapsssi in buildings and
naaufscsure b improving invention il ever st work
mBke1s opened up but amidst all this progress
S are every now and then In alarm At the prospsc. Of
receive BY i:r the largest part Of the supply Of this
dangerous 70 rely on the cotton growing
region and climate Large the dcvelopement OF cotton
extended, We ali feel that il & not ;as 10 be dependent
Geld Of cotton cultivation is mot good for the
unduy; and whsrever this the case trade placed At
IN xnsica, uAe Moald re Jsi Esaaly II DC posi.ios
der the old Com Iao bad harrea ensed and the aiding
scale inexoraby refused them bread supplies from other
Of ihs proposed COMPANY we'll ssys-sA ssrsos dssss
q cotton aosd @ 70 Ms mangaetaring disris as dis
r1,T:s and. Gna yri,,s, ,,,. as 9 ysn,ns e oreaa"
Of the manufacturing districts Of England be In peril for
want Of raw cotton Tne proposed company declara
ton thai this cannot and must not be. II viii hold out
fair price 70 every rich well poor grower Of cot
ton In Jamaica, In West South Africa in Turkey,
Asia Minor Syria and lastly in Au..ralatsat boundess
win be held out. The man Of large estate win nnd pur
chaser for all be erows the psaaant cutivAtor Of
den plot will also be offered the ready gold for his little
quantity, be one bale ten bales He may be Euro
pean or an As!atic, an Engshman or an African
negro the means Of converting his crop in ready
cash win be placed before him He will be encouraged
70 grow thai for which he provided with regular,
steady market Our Indian cotton supplies have grown,
and arc still growing The proposed company vii make
this growth permanent inasmuch - the grower will be
assured Of getting IL prce q bis stick ths instant u 10
pache1 and renHT ~ 00nnt1.
~ uIunsoosi may =, ana win be, met Win the 90
4vet tbe spinntrs business is 70 spin, not 10 grow
cotton. 1hn ia The old "respectabiity argument
again But the Lancashre cotton spinners do not
10 die OF respectAbilty. They will buy cotton and
conduct the buying process TO the growth OF
worlds surface which cotton be grown are
indeed many. mnp tnowirg such spots, and the
proportion ol them not yet growing cotton, would
vince the most skeptical that MIR. Bszlcy's scheme
10 feasible aud that a little OF Iancashire's surplus
capital could not be better employed than in sup
porting H. No man having fl 0o0 OF invested property
would heftate moment 20 invest single pound no pre-
II by 70 doing be could ntain the permanent value Of
L 81 Geo This s Just about the proportion Of sacrifice
maintain the due supply Of the mterlal, by tho
maintenance Of which supply alone their accumaia,ei
capital be prtserved free from the danger OF alarm ng
depreciation, Mr.. Bailey anticipates twenty eve per
cent As m ultimate return the clpia Evcn tho
return but a hfth or this mount, would say
success, profitable investment. II would be good for
the investors ard be good for every merchant shop.
keeper mechanic and artisan and factory worker In the
manufacturing districts For all hang together IN this
matter, and what the cotton trade docs In IL VIII be of
service 10 every other trade