Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1861-07-07


A writer in the Jackson MisSissippiGR has the
following gossip which we think win interest our
planting friends;
To show you the great magnitude Of the cotton
trade we append some statistics which are cleaned
from the authorities; and from them you viii see
that II is entirely out of the question 10 suppose,
that the blockade that now seals cur ports 70 the
commerce Of the world, viii be allowed 70 remain
effective by foreign countries, even If il should be
beyond the power Of the South to raise II.
In the United States and Western Europe the
number Of spindles employed in manufacturing
cotton amounts TO forty millions, consuming last
year ,484, 600 bales of the raw material OF this
the United States or rather the South furnished 81
per cent Of the quantity and 90per cent Of the value
The American cotton being mere valuable on ac-
count Of the superiority Of length, and strength
and staple. The capital employed in this vast cot
ton trade, independent Of the cost Of the raw ma
terial amounts to the enormous sum Of FIVE hun
dred and twenty-five millions Of dollars
To. give you proper idea Of the result Of mana
featuring we will state that last year England
ufaetured 2,5OSOs0 bales Of cotton costing in raw
state say 500 per bale or. $50 900 600
1t yielded when made into fabrics. IOO,OOO000
Leaving ng...................... .25O. 600 OO0
to be divided for labor and profit
LatterIy the demand for the raw material has in
creased in double the ratio Of the increasing num-
bers and improved condition Of the people, and il
was recently stated at the Manchester Cotton Sup
ply Association" that the increase in spindles in
Europe and America for the past year was IS per
cent, requiring an additional supply Of s000O0
bales of cotton which had nearly all been furnished
from America.
A high Manchester suthority concludes report
by ststing-aThat if india were to send us two
million bales Of cotton per annum the desederztum
would not be supplied, perilOus problem, would
De still unsoTed and we should be as dependent as
ever on America"
There Is no doubt but that British capitalists viii
exhaust every effort to stimulate the growth Of
cotton in what they are pleased TO term free eOun
tries, so as to be less dependent the South for
supplies. Still the various experiments made in
other countries have met with but poor success and
the South may rest easy 70 her monopoly of pro
ducng cotton, because the soil and climate here,
well adapted TO its culture cannot be fo1znd else
where. The stock Of cotton, upon which the Eng
lish have to depend now, according TO the most
liable figures, is as follows:
Stock on hand In Liverpool,
May 10Th. S4OsoiO bales.
American cotton known to be at
sea and shipped since. e.....-.- $4,000 Sc
Known to be at sea of East India
| cotton to arrive in August -. 260,000 e
Total stock on hand and at sea 7Ol $40
When the spindles are all at work in full force,
the consumption in England is about 81 to 81, 900
bales week. but on account of the dearness of mo-
ney and provisions, the unsettled state Of affairs in
Europe civil here and the consequent restrict
ed demand for manufactures, the falling of in the
consumption will be- say ten thousand bales week,
50 that the stock would only last until February