The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-29
The Cotton Fright In England.


letter from New York, Of which we published an ex
Friday last will have painfully brought home TO
every thoughtful reader question which can never be
long any mind that knows how TO appreciate
its importance The catastrophe contemplated by the
writer may may not be imminent ~ he believes
but temper Of parties in the United States
ali things are possible and assuredly high time for
70 look In the face an emergency which may arise no
man knows how soon What are we 70 40 lot COTTON 10
the disruption Of the American Union leading
70 general, or even partial, suspension
words supposng certain political forebodings (Which no
ono pronounce entirely unfoundcd) TO DO realized
what 70 become Of the manufacture which supports,
directly or indirectly some Ave millions OF our popula
tiou and which supplies full third Of our export trader
FOR upwards Of four hs Of annual impors Of the raw
material Of this colossal manufacture indebted 10
community which appears ut this moment 70 be the
the brink Of political dissolution and which is to say the
very least violently and dangerously disturbed wAdt
q supply should suddenly fuI @S
every Ssns So ssn b as fresh de-
tails which show the growth Of difficulties and compiled
tions inevitable that Ea9'ssh should become Increasing
,sA tie Used Safes aid especially in regard % con
tsnsed nfply Of caom Diminishing for the present the
we may try % see whether there any light the pros
poets Of commerce.
The impossibnlty Of compromise becomes more widely
admitted every day The of discomfort, and
fear the south the condition Of opinion In the North
and this n subject OF compromise Already Is the
general cry that the word compromise mSst be exchanged
for ooocesson AZ the South has nothing TO offer 10
exchange for what sbe demands; and from this Is
abort step 70 the ayowa that what the South
that which 1t Ia In human power 10 give-a revou
ton Of COINCIDENCE and opinion all Personal Liberty
laws and all opposition In Congress were Withdrawn To-
morrow, the would remain insolube AZ II Is now
II il the public conviction which lies behind all laws and
arrangements tbst the real antagonist OF the seceders,
and s ,oas io sad ny, k b
vcsisw Is nov hourly Strengthening the tmid and unit
ing ~ strong 10 the Northern cities, and stimulating
thss essisens 70 Keep the republican minority IN
= CUunYoW up their duty; that that
pssiy at Washington cannot carry policy Of
thek own they seem likely to defeat any pro
Docsd bv their enemies However this may turn out IL
Is evident all clear sighted men that no pretended com
prome " IL could be carried in Congress (which is less
asd lees likey) ldwork Former compromises have
proved and the chances hundred times
greater agsinst y which could be framed after such
hyatou A has new taken place II tho free States would
before casoh slaves for tho South they will never do
20 now. Thus, there win b. no more cotton grown a.
There remains The project OF new savehoding repub
c OF other confederation. How would cotton grow and
reach US endse such systemS II enough TO say that
the needful capital absont The soil and industry of
States 90 not yield food for the people who inhaot
no clothing they owe their roads, their institutions
cuvenithce and defence and trade and OF aRe,
Their federal connection The pitiable confusion and
am wn'c1 io lowed Instantly upon tho signing Of the
the loading men are for Isolated existence They were
oil adrit ss 70 their currency their post ofce their
taxes their defences. They had looked al the
cabty before they took the leap and they are dong ,
the same about the future. without adeauate eorts
shipping, varied industry or available capital they
thai they can provide the world with cotton while IN
the world tho impossbilty Of Il. II must be re-
membered that there freah land for them occu
py. They have means with whish 10 take Cuba or
invade Central America-even II the Northern states did
not prevent such attempt, and th barred in
the southwest by desert toe destitute OF water o. Nd
NIT of even a rail way its breadth. Restricted
witba their present territory which s yearly becom
exhausted by slave thage and supplied with the dear
labor In the world which will escape into te free states
foster than ever the American cotton planters not only
bavc chance against other producer 81 cotton, bl
Mt rltto 4 anrwor. - 'hey 'rd thc 2 ~ {.
Lieu slyes II they have beer subl.yI T. d.s