The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-10-12
Our Civil War In England and France
King Cotton Dcthroned by king Corn.

Our Civil War In England and France
King Cotton Dcthroned by King Corn.
We no longer entertain any apprehension Of
any offensive Intervention on the part Of
England or France in behalf of the indepen-
dence of our rebellious Confederate States
England is seriously troubled about cotton.
Her stocks are falling short; and, with the abso-
lutte suspension of her American supplies, her
cotton mills must soon be stopped to an extent
which will cast upon the parish some three or
four millions of her manufacturing operatives.
Hence the malignant manifestations for some
months past of English cotton sympathy for the
cause of our Southern rebellion. The silk
manufacturers of Lyons have also discovered
the Importance of their trade with our Southern
States. The wives and daughters of our cotton
planters are prodigal consumers of silk goods;
but these customers are now cut off by Lin
coins blockade" Hence strong petition from
Lyons was lately addressed to the Emperor
Napoleon, but without avail in behalf of some
Intervention which will bring Lyons and New
Orleans again into free communication with
each other France, too, consumes large
amount of American raw cotton.
Bat still we are now confident that the
government of the United States, in some other
articles of trade, holds the balance of power in
England and France over cotton, and
tobacco, md sugar, and rice, and all the
British and French manufactures usually ex-
changed for these Southern products In
word, the short bread crops of the present year
in England and France render our surplus
breadstuffs not only of more Importance in this
crisis to those countries than Southern
cotton, but more an object to England than the
success of our Southern rebellion. 1t is esti
mated that the deficiencies in the bread crops Of
England and France this year will call for TO
reign supplies to the extent of at least one hun
dred millions Of bushels Of grain. This def
cheney will tax the resources of Odessa and Chi
cago; so that, upon this paramount question of
bread England and France are now under bonds
to keep the peace with Russia and the United
States.
Pro1identially too, North and South, the
United States are favored this year with an IN
paralleled yield OF cereals The consequent
advantages to our loyal States will exceed all
our late anticipations. We shall probably have
as this years product in our loyal States, and
| in our two great staples of Indian corn and
| wheat an aggregate Of five hundred millions of
bushels. We dare say that with the continuance
Of our late domestic peace establishment thirty
or forty millions Of his aggregate would have
been absorbed in bread, pork and whiskey by
| our Southern cotton States But the Southern
necessities of this great rebellion have resulted
in the production Of something approxmating
a self-sustainng Southern crop of breadstuils.
| Our Northern surplus, therefore, usually con
sumcd in the South will now find its way to
Europe and it will all be wanted there.
Last year our total exports Of wheat and
wheaton -four, and Indian corn and meal to all
! foreign nations, did not exceed twenty three
millions of dollars. For the ensuing year, be-
ginning with September last, out Of our five
hundred millions of bushels Of wheata and Indian
corn, and from the surplus on hand from last
year, our loyal States ought to be able TO export
hreadstufs to the value Of at least sixty mil
lions Of dollars Already grain of all kinds is
| arriving at Chicago at the rate Of two millions
Of bushels per week, and an amount ranging
from one to two millions is weekly shipped from
New York. chiefly for the ports Of England and
France. Our shipping interest has thus already
received great impulse, and before long such
will probably be the demand for vessels for the
transportation Of breadstufls to Europe that our
shipowners will hardly feel the loss of the cot
ton trade.
From a statement before us il appears
that we have saved during the last
nine months eighty-lvc millions of dollars
in our diminished imp91s, which viii give
us one hundred and fourteen millions for
the year. This, added to tie increased value
| Of our exports, will give us perhaps two hun
bred millions for the productive wealth Of the
| country above what i. was year ago. Mean
time, The money which the government is ex-
pending FOR this war Is dlfised among our own
people, while for the bulk Of our commercial
exports we are getting and shall continue to
receive The solid equivalent Of specie.
This stupendous civil war OF ours, therefore
with all It's drawbacks upon our prosperity 4;
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