New-York daily tribune., 1861-06-21
pounds sterling; in ditto 1861 to ditto they amounted to

Note again: Tie stock Of raw cotton on hand 10
HAVE June J. 1861 was 3l7 go bales; June lsoo'
va' .SO,5;0 bales; June |, 1889, was lO5,3io bales
T.e stock of raw cotton on hand in Liverpool May 81
1851, was ISL 300 bales same date, iS6O was ,''
$50 bales
Nole furthermore: That 10 the first five mootDs OF
10 |, The English importation Of cotton hmoun'S !" -
Goa 900 bales, Of which $3.50 came from America;
While in the Grst five months of 1860 the importation
amounted 10 2,.36 coo bales, OF which i,ooooo came
from Ame lea: lat is, the dniDuton OF the "deunl-
ton totle fall eMrtly osHe Amer'c0n supply. And,
since we are at Liverpool, quote again: That dealers
a5vices are hat ll3 COO lses Of cotton are now an
roate from Amerca, while al tie same time last year
there were G6 900 bates rOatc from America; and,
,e- cosfra nole That dealers advices at that
Lyeryool port are OF 2227O0 bales of cotton roSte
from Bombay at The close Of May, lsGltfeir advices
of fame aie in 1869 announcing from that Indian port
but IS, 900 bales.
All Of which selected, irrefutable, indicative facts
principally teach: Fist, That Europe cannot use her
sef and cannot sell abroad this year as much cotton
goods usual. Second That France and England ore
already sufficiently stocked with cotton 10 enable
them TO calmly await ouisice spectators, the next
year Jump OF the cat Of historic destiny Thirdly:
Tia, British India at the shortest notice. and under
exceptionally unfavoIable cir stances the lndianfam
inc nearly theefods her cotton export. Bur- in respect
OF this Third point note again T. at two-thirds of the
price Of every pound Of cotton shipped at Bombay is
Consumed by the cost of bungliog land.transpotaon
from the Cott)pgrowing district TO that port; but that
of two important railroads in course of completion
in Brtisb India, one " taps" and the other " skirts
" tie cotton-gowing district" Observe that an
emiuenty inscusJle Providence strangely disregard
ful of the peculiar institutions Of the American Sunny
South and of JEFF. Davis, his state paper has laid out
in that Eastern world an unmeasured cotton producing
district, whose productive capacity is ottobe measured
Int nay be roughly guessed at from the already cited
fact that on receiving notice qer its gathered crop,
cam out Of its surplus Margin increase its expectation
in month from 50, coo to Do 100 bales.
Whether the C. S. A. are to become as your cores
pondent vityngy foremourns Tor their unhappy sakes
"a separate aud piiiaby dependent nation, or whether
our mlsed Southern ex-brethrcn shall recover their
senses aud beg hack their place in great American
family, nothing in the imminent future can he palmer
than that the "back Of Slavery is broken its stomach
will be fsmished its pocket is picked Of It's profits
"Likely niggers," whether as working or breeding
cattle can never recover their old market value in
America Cotton is and remains king; but his most
eastern domain benceorth. 1t will need few years
to develop tie Asisc and African cotton crop. But
during just these few preparatory years Of develop
ment-f this present 1861 be taken measure
the worlds call for fabricated cotton goods is to be
diminished that no European manufacturing country
will feel the want of supply in material. Every.
body is economzing; trade and commerce are almost
at stil-sand; silk weavers at Lyons out of work,
a.
the New-York zouaves, Of assassnated Col. Els
worths regiment, are wearing more woclen and iess
cotton this year than in any other year Of their lives
stated few paragraphs ago in this letter. last
yeaI ApriD England nearly $500, 900 worth Of
cotton fabrcs-tis year q priD have accepted only
$4,000 worth. Cotton IL king; but king of the
constitutional Sort as it seems, subject TO organic,
politico.ecopomic laws, and subject to lis subjects
practical voting Of ways and means.
IfAmeicsn readers will permit me, you have rather
needlessly exaggerated your indignation against En-
gland apropos of the rather iiludged declaration Of
Lord John recognizing the beligerent rights Of the
Southern Rebels, and Of the consequent Queens pro-
claInation Observe the dates Of declarations and pro
CARNATIONS Go fifteen days back Of those dates, on
account Of necessary interoceanc difference between
European and American chronology and then try 10
call what you nop indignant Americans III n thought,
or were tempted to think, Of the real seeming, poi-
tic or stupid assumed or imposed inactivity and inei
cheney OF own Government. Your correspondent
does not for GIL instant presume ocondemn any aconor
inacion Of his country sGovernmen Su lee if possi-
be does he presume TO condemn the cheap und wordy
indignation Of bis compatrio's anent the Queens pro-
camation But he does respectfully venture to re.
spectfully remind them that Lord Johns declaration
and the Queens proclamation were uttered and pub
lished lmind the fifteen days difference always on
the strength of Northern American data. Don't forget
that Proof Of the fact is tha, since, in these last
few days, Europe has received evidence in
Mr. Sewurds vigorous instructions to Foreign Minis
ters and (which was quite more convinciDg in the
vigorous acts and deeds Of Government the tone
of European statesmen and of able European journa-
lists is decidedly modified Ii we do assert ourselves
nation, and sustain the assertion by working acts,
assertion and acts will be recognized. Otherwise the
abest possible Of State paper representations will be
very respectfully laughed For the present there il
not the slightest probability Of the recognition Of the
C. s. A. by England or France. 1t might as well be
understood once for a by the way that in all this
Question Americana France and England are prscti.
cally acting in concert. England like to get, she
has already got the most bard words from u.s. because
she is moat fat-footed" and oulspoken. England has
done nothing yet in the without previous under
standing with France.
Under the circumstances, the recognition Of the
C. g. A. as belgerent power, and the Royal procla-
nation Of neutrality keep always in mind the emi-
pepty disagreeable but absolute fact Of what you
Northern Amer rican folks were thinking and saying fife
teen days before the publication Of this misjudged, i'm
polite proclanl.,ionl was very natural. Even to-day
n In far ia any