The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-11-16


much to tho vital power Of The church, and ain
satisfied that the comparatively small sum when
would 10 apparently lost wo9d DC maue Sp m nv rn >, us
themselves, and we should find, within year or two
after The repeal the church more Efficient than thoy had
seen II before. (Appapse.) have no other WIN thah
that The church should be preserved in its nty ana m
tegrity believe II is great safeguard to the Peope
and have great respect FOR as the most Tolerant
church tho world has ever yet seen (Cheers) lhere
Is one other political point. or course nave oeeh
asked what my opinions arc on the question OF non
Intervention am s'paa'y imposed TO any ndptrttoh.
II very difficult thing when our sympathies are ex-
ctetwhon we sec nation like Hungary or taiy srug
grg for freedom---it is hard to hold back the hand
IRON helping them. believ scs hdcc no ri9ht 10 hap
He@. teftW eroy nation should uork om as opn
IRE dom ] believe Hungary viii do SO; and II we
We're to be continually mcdlling where our synpathos
were excited we might be doing nothing else, and IN a
short time should have meddlng with ourselves. ]
am opposed TO intervention, but allow me to say that
great deal may yet be done by the expression of the sym
pahy of nation like our own, and believe much has
been done by our own present foreign minister Earl Rus
SELL who has had the management Of the foreign Office,
ana who has kept rs clear though sympalhIs'ng WIN
liberty where he found II In difficulties and hope that
II he kept in Office we shall steer clear Of much moro
dangerous (Cheers am quite aware, and you
win agree with that these opinions viii be sorely tried
in reference to The United states Of America You aIo
very well aware Of tho very discreet silence which tho
House Of Commons and | am glad to sny, which own
people have kept on this subject No wish has been OK
pressed TO NEEDLE with American Affairs but VIC are be-
ginning to feel pressure and the severity Of
that pressure an afraid cH cat our very strong feelings
IN tdror 9 nterent,aa, for ne sake Of geHing cotton but
40 hOIC tut tOhdteftJ bS ftH Sd noe
bind ourselves 10 anything uAh 10 my mind npM Ie hfe
less than r,ltry If we attempt to take that cotton by
force frcm thc Americans or the Southerrs and make
them deal with US against their WILL have no right to
do So and hope will not find favor with commercial
community like tho which see before me- 1t is
tre saying that honesty is the best policy and we must
wait till honestly be supplied with that cotton by
those who are the present owners of it, (Applauso)
am anxious 70 express my opinion because somc Of our
restless neighors France especially have been urging
different course The Chamber Of Commerce IN France
have been urging on the government different course
They are not elective but representatives Of The govern
ment. Government appoint the members, and You may
be pretty certain that when the Chamber Of Commerce
takes certain step in consonance with the expressed
wish Of the government, and think 1t is rather dnA
gerous sign when this expression given and hope
we shall bc prepared in this country to refuse assent
ton
THE sToPPAGE OF TIE COTTON MILLS AND IT'S
REMEDY.
From the London Times, Oct 30.]
Tho population returns Of 1851 show that nearly
million of men, women and children in this land
directly derouden upon the cotton manufactures. When
the returns Of 1861 have been equally well sted,
shall probably lind that this number has been very great
y increased during the intervening ten years. and II we
add some estimate Of the proportion Of population
Indirectly dependent upon the profits OF these manuac
tures, we shall obtain insight into the Of
that intense interest with which public men Of all parties
and commercial men every grade are now watching the
statistical tables OF imports and exports VIII ch month
y issued from the Board Of Trade The last Of these
lies before and its first aspect is somewhat startling
Eight millions sterling, speak precisely, Ct 800 OLA,
among the tremendous gold heaps that are accumulated
and swept away IN the transactions cf British commerce
Eight millions the deficit IN our imports during tho
last nne months But, as the computation goes the
figures become more formidable. Eight millions
upon the nine months return Of G10l 74 346 show only
decrease OF ~ per cent. But when we compare Sep
tmber with September we IND that the falling or IN the
last month had increase from "a to nearly Is per cont
compared with the September Of 1860 We are there
fore continuing to increrse our distance from the
favorable returns Of former years. In September,
for the first time, great sdse.se figures appear
aa me- in Ye
month there is decrease q million and half in
exports J cotton woolens have fallen of to the extent
OF quarter Of million linens have decfnedt TO equal
extent und metals have sunk rather than quarter
Of tnfon below the Of the Expectations Of tho
September Of 1850 succession Of years continually
broken Instead oi going on ncea ing our manufactures
IN ratio which made timid men tre'nble, and finding
markets for them AT prices which made sangune
rub their hands with joy, find the food tide Of
prosperity first sIacken then stand sti, ard ebb
Already mark millions the distance between the
high water mark and the level of tho fallen tide.
When however, we compare our p1blic returns with
those of the Atlantic ports, the contrast spPcndous
The consequences o war have been 10 the ports o Amcr
ca almost the annhiiaon OF commerce. TO Us they have
been startling check to continually progressive in
which had almost come 10 consider as natural
law Two ago stunned with stories Of the
enormous wealth which the engines OF Manchester
hourly creating Then saw the Efforts which were
made the eager requirements Of the world-how
factories arising in every valley in the neigh
borood of the great cotton metropolis and how every
existing factory was doubled in power of production.
rience of merely ordinary prosperi,y--a food tide
coming IN like the great wave Of the Severn China
had bcgan to absorb IN her newly opened provinces
small taste Of the barbarian products; India was snbsd
HF into peace and the consumption Of printed caicoes;
America buying iavishly from Sheffield Manchester
AID Leeds. Few oi Ms realized to ourselves the
tanty that this could not last Old business often
SAID but hardly believed that something in part OF
the world 20 wrong according all the doctrine OF
probabilities II has happened that disturbance has first
occurred IN America where least OF al 1T dreaded
This part Of custom has suddenly stopped The North
81
physically prevented from either buying selling The
people occupied with great fight, and ihey have
money TO spend upon any other purposes than those
which will ccnduce TO their present single object Of
Slaughter The Northern states have shut up their
by probitive tariff and they have shut up the
Southern coast by blockade which, long is ecc-
tive, are bound to respect.
THIS must, if there be any virtue in figures, make q
difference TO us Of some " enty or thirty millions III i'm
ports Of cotton tn be paid for by exports of manufac
turcs II ought, according 70 AL common reasoning from
10 effect t. shut up cotton factories for want of
material and close hardware factories for lack OF
orders We have already met the Drs brunt Of this sud
den detection OF great customer and the abrupt stop
page Of onr sources Of raw produce We can now mca
1t by the figures given in the official returns, and
in the increased quotations Of the prices OF the
cotton stocks on hand. The first sensation upon
inng these figures is almost Of relief or
course we feel this enormous loss. Of course I8nca
shire is straicned and the streams Of her valleys
longer bringing down golden sands But agreeable
surprise is that only straitenod and not actually
crushed Up to this time the trout bles in America have
only just checked our increase. We are even now manu.
cent Of what manufactured md exported In Septem-
Der, 1850 and and how far ahead that was Of what
manufactured and exported in yeais short time pre-
vous may trust tho recollection Of the reader.
Last year were building mills and refusing orders
this wear 10 work IN the mills already built
and execute all the orders that offered to
at the higher prices obliged TO demand. No
doubt things may yet he II may happen that
stocks ol cotton may be all expended before have
been able 70 reinforce them. IL may bc--although
thHk Il most mprahahie--that c ttun will continue
to accumulate in America, and viii lie there lille,
never forcing iscll into the only market where il
can have value. Ts 10 b., occo,Tg 70 al cperi
titec of human actop as iR oshc thai ritw hortd
ctts 0,1s accord, %, IA hctocc 9 ght otocie, ap it
and 0ccpRutdfe 10 lake Eut even n this great mprtha-
blity should come TO pass, hardly promise of
COMPENSATION for most Of tn loss that America cause
As the clouds thicken IN the West daylight dawns in
the East That we can open markets IN the East when
the markets Of The West may fail have already
shown, but II now seems equally clear thai inl
also IN the East substitute for the production which
have been accustomed 10 look almost exclusively 10
the West India which, properly stimulated, can pro.
duce ali things Is bcsifrng herself to supply ncces
ses in the article Of cotton What has been og certain
in theory about be shown In pracicetha: with
American seed and European supervision mny obtain
any quantity Of cotton from India that Manchester viii
pay for.
COTTON FROM INDIA.
Tie Calcutta papets Of the 23d Of September fully
OF the question Of the cotton supply. The Epg'f-tm0n
Observes