Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-10-22
The Great Cotton Crisis Commenced In
England VIII az End IN Revolution!
Fr,-u TIA Loaaou Tines, SAINT. 70

The report from lancashire apprises US that
the first mutterings OF the long expected storm are
already heard. Mills working short time, rhan-
ufacrurers are reducing wages and operatives are
assent bling in trouble and alarm T. discus the pros
poets before them. While once more discussing
this moment0Hs question We cannot omit to observe
that since our last notice OF the subject the cO1tn
uqucc Of the American supply has become less pro-
babe than ever It j. now beyond question fiat he
besi0a Of tie slagss belonging TO secsSSiOHist pro-
Dristors has been formally proclaimed By The Fedora!
commander IN he State Of Missouri as a ceRdi'ida Of
The l5Ir Il is difficult, however, TO imagine that
such rule OF action could be confined 10 a sin
gle State or that General Fremont viii not, as he
attempts to descend the Mississippi. announce the
same resolution 10 other States which he may sue
csed IN reaching. His colleagues IN command too,
Will be compelled 10 follow the example, tia the
result will b either general emancipation, If Northern
arms should acquire ana considerable dScsHdGEcl, or
agitation and t.gl, sUsR # the South should hotl It's
0J1a. Il is hardly possible that abolition should
be thus loudly and officially proclaimed without
some effect the slave population, so that in any
event the industry Of the South must be seriously
leopard I'D. Every successive mail from Amarlca
makes it more aud more difficult 70 believe thst
either section Of the Union remain as before
The North will make acquaintance with those bur
thens OF establishments and taxation which have
long tried the governments Of the Old World, and
the South, if il retains with its independence
all its territorial privileges, will find that its
uopoly of the European market has been rudsly
disturbed
With all these contingencies looming dqIisly around
u.s. il is at least satisfaction 70 observe both that
the condition of the cotton manufacture is faTOtabs
to our present effort and that the operatives of
Lancashire are looking at the subject like sensible
men, The first resource in such straits as the pres
ent is evidently to limit the rate Of production and
this we are told can be done not only without auch
to the trade, but with positive gain.
It Is said that production has recently been Carried
too far and that the stocks of m9nu actured goods
ire everywhere in excess Of the demand. Ii this
case it can certainly do harm to slacken OurpGCe
and EilOw our products to recover their valhe.-.
Short time in fact would be rather desirable even
if our supplies Of material were in no jeopardy at
Ill. In the meantime the operatives have reeog-
1izsd the eXgencies of the crisis by unanimous res
buttons they demur, indeed, to the alleged nsces
ity for the reduction of wages, but at large meet
ng of delegates at Manchester it was freely admit
ed that the present scarcity of cotton afforded
well grounded reason" for running the mills short
lime, and thus diminishing the rate of consumption
Such view of the case speaks well for the gOO5
ense and the sag1city of the men. We must face
he impending trial as lssl as zoe The long eE
)eesd dedrh has ROlc OUeItdceH u.s. II Is q serious
natter, but not quite as bad as we feared. NehsVe
wo resOurces-one in economy Of consumption,
he other in the discovery Of new supplies. Both,
trust, will stand US in good stead while we feel
,2r way to such position as will exempt us from
my future return of the liability.
The unnatural check that has been given I'd our
lotion Supply in consequence Of political eFents
which have rendered the bOuntiful harvest nHgat0
y has placed as IN imminent danger Of grsdt M
iOHGl calamity. This may be Everted by teripiDa
ion of the American civil war, and 2 consequent
enc wal of commercial rslati0 with the cOntlneni;
jut the obstacle to this arrangement Is the deter
nnason Of the Northern States 20 impose their
ule on an unwilling people. Regarding Recent
vents in the calmest spirit IS impossible to avoid
he conclusion that this determination must prove
DISASTROUS, and it Is question whether the FEDERAL
government is not following mistaken course in
intending any longer against that political bTG1R
,IOB, the necessity Ct Dhich IS ShOlcR By the etrGOT
iHaTy difficulty Of prsUeTtiHg lis accomplishment
From the Liverpool Times Sept. 81,
Considerable escitament has been exhibited On
change IN the cotton market. The sales have been
cry extensive, amounting to 49, go bales during
has week, or about enc sixth OF the entire stbck-
V these large sa.es So $50 bales have beer pur
hased by spectators and 50 CD ba-s by expdrters
prices higher than have been current for ule last
y enty I've years. 4 strong imPres-.c zen prevails |
nat unlC 50 early JsrmlnatI0n C te pesenE civil
TSr II America takes place, American eOttO1 VIII 4
dTsnce 10 one shilling per pound, y hlch could have
cen purchased at this period last year az sApenee
alf-psnny per pound. inRsmuch as the st0dks II /
and are not equal to the require 10 thd close
{ the rear; aud supp0sing O1c splnners wers unI- /
eUssliy 10 commence working four dsys perl week, !
sSy nothing Of the large and Increasing rSquire-
lents tor expert eOrseque pen the mproof bulty
{ any sasly shipments from America Of cotton 20 i
.usss Spain France sad germany. or tie II sreas-
~ demands from American sDi1usrs.