The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-08-30
Cotton Dcthroned-Corn I. King.

their hearts content
Cotton Dcthroned-Corn IL King.
BY the arrival of the Cunard mail steamship
at this port yesterday we have highly interest
ing and important advices about cotton from
England. A letter from Mr.. Haywood, the
Secretary of the Cotton Supply Association is
published, detailing the result of his interview
with the Viceroy of Egypt, and his opinion as
to the capacity of that country for the produc-
ton of cotton. He says that the growth of the
staple may be extended there to an unlimited
amount; and the Viceroy invites British CAPT
talsts to come forward to cultivate the plant.
American seed sown in Egypt had produced
cotton valued in Liverpool at eight pence per
pound. 1t is also announced that the Nicara-
guam ambassador in London offers free and
liberal grant of land in Nicaragua to settlers
there for the purpose of growing cotton. The
first ship with cotton from that country had ar
rived.
From the mails by this and previous arrivals
it is made evident that British merchants and
supply companies are ransackng the globe for
cotton in order to enable them to dispense with
the American staple; and there can be little
doubt that they will obtain all that they want
for the next six or seven months, if not per-
manent supply. Any calculation, therefore,
that the rebels of the South may make upon
the basis that Great Britain is dependant ON
them for cotton is manifestly false. A few
plain figures will show this
The receipts of India cotton in Great Britain
for five years are as follows
In 1857, bales. Observation-Disclosures. 679, 900
In 1868 (nterfered with by the rebellion Of '
preceding year, ............... 36i 900
In 1859. .........................5 $4,000
So far in 1861, including bills Of iading
anOat.. .....--.... 49,. ........... 6Z2,0OO
A leading Manchester authority--Messrs.
Neill, Bros. u Co.-say:S'From India we may
draw large supply if we give sufficiently high
prices to outbid the native manufacturers, and,
at present prices DULY 22), we look for total
supply of over 100000 bales; but an advance
here of another penny would, perhaps, add
100000 to that quantity"
The staple of this cotton is very short, and it
is badly cleaned, but it answers well to mix
with our strong American staple, and as the
supply is enormous in the interior, the hundred
millions Of the people-a population like sand
on the sea shore-being for ages clothed entire.
ly in their own fabrics, it is simply question
Of price. Cotton comes to port in India from
immense distances, in bags, on the backs of
bullocks. The transportation is expensive:
hence the moderate supply. AS prices now
rule at thirty per cent at Liverpool over those
of 1s57-the year of greatest supply from
midland may go thirty per cent higher, it is
more than probable that the free or discretionary
orders which have gone to India will start it from
greater distance in the interior, and the sea-
son may close with delivery double that of
last year. As the manufacturers at Manches-
ter are heavy in stock, and know how to make
it last it would appear to us that by running
half time they can float to April or May next.
The result of this war; therefore, if it
be prolonged by the rebels, will be to
ruin the cotton trade Of the South, and at the
| same time to destroy it's property in slaves
the great point for which the leaders of the re-
bellion allege they are fighting. The English
are now quietly making railroads in India to
facilitate the transport of the staple, and when
these are completed they will not need half or
quarter Of the cotton from the South that
they have been in the habit of taking.
The consequence will be not only that
his great article Of their commerce
will become o drug in the market, but their
slaves, now or lately worth $500 each will
not bring more than two or three hundred dol
lars. Thus, like the swine swimming down the
stream, at every stroke the Southern rebels are
cutting their own Threats. A commercial revo-
luton is taking place which will dethrone
American cotton as the great staple Of COM
merce and elevate breadstuffs to its position.
Henceforth what has been said of the Southern
fibre will be more true Of our Western cereals,
and the watchword Of our trade will be, "Corn
Is King"
SAMPLES OF "SHoDDY."-Three samples oil
shoddy cloth have been sent us, which are q GU
riosity to the uninitiated. They are much more
easily torn than paper, so utterly rotten are
they. In fact, strong-winded man might al.
most blow through them. And such are the
garments with which it Is expected soldiers are
to rough In trenches, in picket duty, through
long marches and in all the arduous tolls Of a
soldiers life It is no wonder that our troops
at Fortress Monroe were described as half
naked in week or two after they donned this
clothing. Now, these are but specimens of the
great bulk of material with which the army is
clothed; and tits by such contracts as these that
the likelihood is being sucked out of the country