Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-06-19
"Klns Cotton,' in England.

1 Correspondence Of the New Orleans Picayu1e.
Paris, May II, 1851
do not think can lay before you anything Of
all the occurrence Of the week, half SO interesting
as the following paragraph from the MonateitT. 1t
is probably written by the French Consul at Man
| chester. The "eminent English statesman men,
| toned, is Mr.. Richard Golden. may preface this
paragraph by informing you the French Minister at
Washington is pressing the government mere 10 ln>
| terfere between the South and the North and per-
suade them to peace. The Preach government is
new engaged negotiating with England to Join In 1t
this scheme of meditation rumor says unsuccess-
| fully. The Confederate commissioners are now IN
Paris Here is the article from the NonteaT:
| "The English Cabinet and the cotton manufactur
ers are extremely uneasy at this moment OF time
| in conseQ uence of the alarming news brought by
| the last steamship from America. Minor firms con-
scious of their weakness, already begin TO with
draw from active operations in consequence OF the
constant advance of the price of cotton which is I'M
accompanied by proPortionate advance Ill the
prices of manufactured cotton goods, and further,
in consequence of the opinion generally entertained
| that no more large shipments of cotton are to be
expected from the United States. A reduction Of
the hours of labor-perhaps TO half time, is about
to be made throughout the cotton manufacturing
districts of the United Kingdom. The nation as
well as the Ministers and the cotton manufacturers
consequently have good ground of reason for alarm
at tile danger which menaces the daily wages upon
which several millions of English workmen are de-
pendent for their daily bread The English cotton
mills consume on an average 2,25OOOO bales OF cot
annually II is reckoned there are at the present
time 900 bales of cotton stored in English ware
houses. II the whole of this could be kept in En-
gland and for English use, it would assure the run
ming Of their mills for nine months Il. e. until next
january But the rest of Europe is struggling to
obtain considerable stock of the cotton on sale in
England. Further, the qualities of cotton wanted |
by manufacturers differ, and it is probable there are
some qualities of cotton OF which England does not
possess stock sufficiently large to keep the mills
Tbo from oil
these reasons which are inter-dependent each on |
the other is that it doubtful whether the term of
nine months uninterrupted running of the English |
cotton mills alleged for the truth by statcsns can
in reality be attained.
In consequence of this situation of the cotton
market it is believed Lord Lyons is to address the
Cabinet at Washington, to avert the disasters which
must befan Europe if the United States forces op-
pose the expectation OF cotton 1t is well known
this subject engrosses Lord John Russels thoughts.
Fortunately for Europe, the question of the supply
of this raw material of the cotton trade is likewise
very grave question for the cotton mills in the
Northern United States. 1t is well known that not
whstanding the better opportunities they possessed
OF taking precautions against the present nenacing
crisis they laid very limited stock, even more Inn
tied in proportion TO their average consumption
than the stock warehoused in England is in proper
ton 10 the consumption of the English manufactu-
res The general balance Of the market at the pre-
sent moment is as follows: The South has consid-
cradle portion of ast years cotton crop, ard wish
es to sell It. Europe (and especially England) and
the cotton mills of the Northern United States are
ready to purchase. The hindrance, or rather the
impossible obstacle in the way of these transactions
arises from the blockade of the ports from whence
cotton is exported This blockade has been ordain-
ed by Mr.. Lincoln. Therefore so long as this block
ade shall not be really effective, it is probable the
States of Europe will not recognize a hostile act
which deprives them of raw material most abso-
lutely necessary TO their manufactures and upon
which the daily bread Of millions of their inhabi-
tants depends. The perplexity in which the impor
tant and powerful cotton trade is plunged cannot
fail TO lead TO meetings and to measures taken in
common. We, therefore, should not be surprised to
hear at a very early day that eminent English
statesman gets ready TO go the United States to
disseminate peace between both parties. 1t will be-
i is believed, a person towards whom all eyes
would be Immediately turned, were he to present
himself to attempt such task
Mr.. Faulkner has presented his letters of recall
Is Minister of the United States think the Mont
eur extremely guarded in its expressions; iuts in
these words: 'Mr Oh. T. Faulkner, Envoy Extraor>
binary and Minister Plenipotentiary Of the United
States of America had the honor to be received to-
day by the Emperor, in a leave-takng audience and
give to his Imperial Majesty the letters of his Ex
ceency. President Lincoln, which end his diplomat
c mission" Mr.. Lincoln, you will observe, is not
styled President of the United States this is in
territorial omission, for these notes are always care
fully prepared, and are inspected by several per- |
sons before they appear in the official paper. The
English Government has not yet consented to re.
ceve the Confederate Commissioners officially
neither has this Government. ,