New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-08-30
COTTON, CORN AND CASH.

Those VINO bre cuflUus In stauetics lOucn'os
Cotton, Corn snd Cash, are half puzzled by GER
tain anomalies now noticeable III this tnumNraIe'
Cotton lie piled up in Liverpool and for several
miles around, until every spare foot OF storage
room Is iammed oith it. Such gut was nevef
head of before. The quantity is just double what
It vas this time year ago. This vast pue OF
bales is worth 500, OOO,0 1t is kuowa by those
well posted, thst the printed reports of prices are
fuilscious, lot to be depended on, aud that price.
are maintain ed at quotabIe fgares with tue utmost
oilh,uly. A war in Europe would st once knock
$50 COO 600 off the total valoe-one hall at least.
Ii would drain France of CON- which would IL
turn drain England to replace it, wheroupou En'
elaId would turn about ind Groin us to MAINTAIN
her equilibrium. The moGey shock, then, OF tue
war which, by the very last arrival, seemed PROB
able enough Il depr'ss consOl would fall on us at
last. Or itself it would be seye 70 euUugh to make
US reel for the tine. But the question comes up
cotemp, IaneouSly, are We still the owners Of tue
huge cotton deposit ID EugIaud and IL the possible
loss of $50 100000, growing out of the same war;
10 fall onus orl il held equally by foreigners,
who Gre thus to divide the loss with our own clu-
zeLs7 1t is the uocert .ia solution OF tals codl-
biDed question that is LOW occupying the mnds vi
thruI ht,ul men, The money structure of war
would be severe enough but would it not be great
ly aggraya ed by losses TO be made on the donole
stock Of cotton, in which American owners aud
growers must even yet BIO mplicsted With some
pbo are watching this question, the fear OF an
other crop comes in to render the future
even more uncertain. Should this actually be
gathered and the war occur, the breakdown would
be overwhelming. Should peSce continue, price
might be maintained even 10 the face of an ,the
heavy crop, because Of late years it seems tina
the world Los the ability to cOnsime all the cotton
that the world can produce.
On the other hand the crop Of this year is a mat
ter Of great uncertainty. The South up to tbi
time has been burnt up under drOuth which has
cut of her gram crops, aud which will compel her
to buy food from those Northern States from which
Der fie.eaters have sworn secession if they prove
presumptuous enough to elect q President Of their
OVID Their bellies alone are not sectional. THIS
drouth can hard have destroyed the grain without
at least shoTteLiOg the cotton that the deficiency
of this year will go far toward equaziog the glut
of the last. Goyd crops for several years have
gwen to the South generally high pecunlary rep.
utatoD, though the aggregate Of insOlvences there
Was large. In 1857, they amounted 10 $50 O00, 600,
wh lie the same year in the City Of New-YOrk the
failures amounted to Sl35, 900, 600, 10 Boston to
Sal 900, 900, Philadelphia S32, 100000, Chicago
So coo, 900, and Buffalo 81 600 900. In 1859, the
40, IN fha S,utnarn Sfafas ara
only SJ3 OUU, 600, against he amount ia New
York City, Si,7O0, 900 in Boston, $4,000, 900 ia
Philadelphia, and 50 600, 900 in Chicago. While
thus enjoying greater pecuniary prosperity than
any other section, it is nevertheless remark liable
that the swIndi debtors at the South are almost
as numerous as those at the North. The sgindliOg
! debtors of New-York City in 1857 figured up
sos, COO Boston 800 900, Philadelphia S4sl 900,
Chicago S2O3,O00 Those in the fifteen Southern
States the same year footed up 81 100000, snd 10
1859 they reached l,7O6, 900, the pro rata with
them increasing while 10 the North it steadily
diminishing. 1t would appear, from the foregoing
statement Of things in Europe, that the late uu.
wholesome equilibrium between cotton, corn, aud
cash, is likely to undergo serious disturbance,
war or not. The famine at the West, famine of
money rs well as food, is to be folio we'd by an
abundance of both, and the lately bursting grana-
lies Of the South are empty, with means for re-
Punishment but from the proceeds of an uncertain
cotton crop, while the unsold portion of that of
last year is still subject to frghu foreign coutin-
gel cies From these disastrous risks it never can
be kept free long as our Southern brethren con-
tipue TO prefer the foreign market To one at home