The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1861-07-13
PRICE TWO CENTS.

| ing the assertions of the Cotton Sp,rI ,..
| ~ h'a n't peeh received as much cation f. on''
! new sources as would fad emplnymant f o. "u'
| moderate sized cotton mill during tho 49, '"' one
MONTH; and believe | am quite with; Ie re VI SIX
| when l assert that the several cotton nro: NJ
companies which have been advertised ;n u u <
chshire are not IN possession of as much maid ~
capital as would purchase a twevemonth's snnni
OF cotton for one cotton mill of moderate dimensions
The daily bread of the whole population of Lam
cashire is dependent to this moment on slavery and
republlcansm in state of civil war for a supply o
mat staple, short supply of which (to borrow the
language ot prominent member of the Cotton
supply Association, who, even more than his com
Iaues, mas taught the spnners that they ought not
10 become cotton pr ducers) "yould convert the
manutacturing districts into twenty or thirty CO.
ventrys as Coventry was mt vat fvraIva ,n3rIhs
ago" Wu,I,y Cooss
=, LAUNCH OF THE SCoTIA.-On Tuesday afternoon
the steamship Scotia, the second iron paddle-wheel
liner quit by the orders of the Messrs Burns of
thls clty, Tor the Cunard or British and North Anne
i, i'1ru hoyal Mail Steam Packet Company, was
@u"che1 from the building yard of Messrs Robert
napier d Sons at G0van. An immense concoprse
VI spectators was assembled. The Scotia, which is
somewhat larger than the Persia is the second
t.Sse II point OF magnitude and capacity that has
nitherto been constructed for mercantile service
FROM me adaptation by the builders of everv i'm
P"Vement and scientific auxiliary the Scotia ia
expected to attain very high degree of sneed and
no u"upt Is elt that she WILL in ordinary circum-
!
and Liverpool in nine davs
me ship was named the Scotia by Miss Arbuth
not, the youthful daughter of G. c. Arbuthnot
Esq oi Mavisbank, Mid Lothian.
one moments anxious expectation and the loud
stt"ke OF the hammer was hea rd which removed
tne ittie dog-shore near the stem. Instantapeouslv
tne vessel moved. The sound had scarcely reach
Ell the ears OF the spectators at the stern when the
maghihcent hull was in motion of her own accord
ghding smoothly and beautifully into the water
aihia thc paudits Of the multitude. The two cbeck
ing cables were not put to the strain and within
SinEle minute from the sound of the stroke that
removed the dog-shore, the vessel was sitting
gTaIely and gracefully upon the bosom of the tide
lhe band struck up ''l'm aloat" and the vessel
was wa towed up to Lancefeld Dock, where her ma
onlnery VIII be put it. Glasgow Herald.
ORDER OF kNTGHTHooD FOR INDIA-In commemo-
ra,non OF the Queens resolution to take upon her.
sen the government Of the territories in India an
"Fn2r OF knighthond has been instituted bv letters
patent under the great seal Of the British kingdom
uhuer Guer the name OF "The Most Exalted Order of the
oV'r oi lhdla" 1t is to consist of the sovereign
Erah4 master, twenty-five knights, and honorary
hnights to be appointed by the crown, in which
palVe p princes of lIda may be included The
hight Hon Charles John, Earl Canning, has bern
appointed the first grand master, and Prince AL
pert ana the Prince of Wales are created extra
Knights. ~''oN N'