The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-09-15

1rtAin Power naturally inclined to peace and sys-
sanaicaly addicted to commerce, must always view
war between any Powers event not only ut va
ranee with her principles, but 10 certain degree inlu-
soos To her interests. But with respect TO sran, the
motives oil the British government spring from far hgher
sources Great Britain and sIaa have, for long periods
II tne and in circumstances Of high moment u eacn,
been faithful and active allies; their alliance has been
greatly useful and erncntly honorable TO both. II s u
ornamental maxim Of British policy 10 Wish wen 10
Apen, and earnestly to desire her welfare ana prosperity
md therefore any combination Of events which might at
any time involve the possibility Of Spain being engaged
M conflict which, from local circumstances and disa
vanages might he in tho end seriously injurious to her
slle over her ancient possessions would be viewed by
hr Najesty's government with lively apprehension aud
encore regret. oeA fE
The Cotton supply Question In England
Manchester May be Independent OF the
Object OF the Federal Government, and
"New York More Intolerance to the Me-
gro Than the South,
From the LONDON Times, August 2S
n letter On The cotton supply correspondent, on
wednesday last, urged upon manufacturers the desirable
neas u resorting short time as the means Of
guarding themselves against all the speculative contn
9onsies OF the market, and at the same time protecting
CUR operatives at the cost Of moderate present sacri
Aee, from the peril Of being thrown during the winter
sotirey out OF employment The writer took an adverse
view Of The prospect VI the American crop coming for
ward but his Recommendation such could rot be
sappfoved even ny the inost sananine since spposg
ME present troubles TO be suddenly settled the
facturcrs who had acted upon it would for
congratuatiOn on their escape ron having accumulated
socks of goods at tho present price of material
Another CORES pondent, however, while he admits the
Arness Of the remarks in question: points out the
more hopeful side Of tho subject regards The spec Of
supply His letter is inserted because is strictly
sayy tarrcss pcn The public al that be sud ecch
s4 Of e case, that the tna result each individual
nay be left solely upon the exercise of his Judgment
Whichever way the matter may end many persons must
DO ruined and IL would be criminal therefore, rahy to
Son the risk, by harplng upon chain of argument
alone, Of giving the slightest bias Probably he disaster
Usu be utdest If should turn OFT that. through sudden
1es or any other cduse zoe are 70 get ne n ricc crop
4tr ALL and 1t is consequently especially necessary 10
emit no fact that may bear on tho probabilities in that
direction: On this heal it is TO be remarked
that looking al the ciid and dlosico, carces # The nis
saa dem ocrdcy, at their siisi ,rorshp # ne doYar at
e Jae hat q prosperity Of ms Noyh mainly tan rcn
q coon trad; that they iciu deftnd this year Than
scr upon thdt trade ocg 10 the diminished demand for
Xsf ore Utmost more imteia ant IF DE negro race and Of
e aims Of tte dboi0a than The droorners thcms les;
that is only the Union for which they fighting, al
sAogh # the aboltioists dare Measetces q
kasy ttf that both in North and South there large
nnmbers who equally desire the preservation Of the
Union, II it could be brought about with toraton of
the predomnaDce Of the cotton interest," and that also in
North and South there would be universal disay tho
shape as should lead to extent Of cotton uvaon
elsewhere that woald permanently destroy the American
nonopoly-ookng to all these things, it must be pain
shat tho utmost vigilance should DO cxcrcis ID by
merchants, AMI that they should, at all events, hold
themselves prepared for the possibility of any change,
scotras with all the present pro'cstatons OF American
poisticians:-
.l LIVERPOOL, August 81, 1861.
ing the letter in your todays city article have nothing
10 object TO the gures conclusions Of the writer Our
supply OF Amei lean cotton is L0ca TO bale, and
90 consuming certain rate per ree is easy cal
sssJcs hOW /, ,riH be exhausted. wish, however,,
asaw tho attention Of your readers to important
point, which does not seem to have been sufficiently
sced IN tho various articles which have of late appeared
- the great commercial question of the Gay aude to
Tho fact that for the last years. least p.iaciion
= coum goods has much erceeeied tie consunytin
This may appear startling statement to thosc who
have CONSTANTLY heard the cry Of "morc cotcn' from
hncfnr yhn have hn,rf
hore Of 1850 and 1S5960) have been absorbed and
who have witnessed the extraordinary efforts OF the
manufacturing districts to supply what seemed almost
unlimited demand for goods; but when LOOK the
state Of the principal markets for our cotton manufactures
the Inference is irresistible that the export thiher has
been ovordone India China, Australia and TO certain
sxtent the continent Of Europe gutted with good
no demand in these markets is langud, and nothing but
tAo pressure Of moro goods coming forces the stocks
aFsaty there on UNIV Hing market at ruinous prices
Mis- bong the case, would IL have been possible to
Hnue the working up Of cotton at the present
ysar longer? think not and the present high prices AMI
yrosctive advanccef the matcria! will ~ salu
sary check on the undue extension Of the manufacture ia
Manchester.
Let us now examine .chat 10 sand
e0aina total cessation Of imports from The United States
fsr twelve ntonhsn ether words, the holding back of
The American cotton crop until the autumn Of next year,
andI think shall ind that although we must suffer
from scarcity, there 10 opTrehei,d Gotten IA
sniy ourstre ams IT, eth tie ,sord Sors u.s. and
As siuus Of high prices sure market 10 offer ne
hans not nude ourselves ,.icoy independent Of The Ame
must nrnmisc that the following e,res r.er only n,
rhs IivernooI nrorts stoct .c nSt 70 ,hoso nT ,h.
11.sdnrn hnt this will not nras,;eav aer ,hn ,It w
Frt az Ali we have !. bs on, az . ' s oso mo
49, Of witch $50 am haies arn amar;can IT,, w
~, 100 GOO ia1.s of E1a JnS;n rot,on =, ,sa m M
~ IN odl;;, h ,,S;cb ,rs uov cotc,,J,s n 5000;
a iao hclss oJi;,;oncJ r,o, H. 10, r ,s
~ s Iii ;s "s @ ~, -. y ~, yanany'
s,S.~.nr woo or EmrnGanf pva aS 49,, !" u. w .o
r.cs;ycd as year ROM now ,; ,h u rS -, ,ho o
- Gao h,,cs an ;,ndsr ,hn sti~rs Wy III M ~ Wy y ci
.ssT j.; ,; ;. T Inn osn LEI a, y, ' -,
- x 1onn M np ,s y, aTo,v.v uIes ny .i,e isl
:. ~ aist If n"canhar 49, ~ 600 III, supy w
SMc, a~nnr. sno =, i, , oCo coo 2ia "n , mau
.r,n,iv rs;ta h,a cor ho,,o ,sS ~ zoo 0oo ., W..
@ri IN won,s Ss rnonwhS Vi A'1'0'o' '"cs' "N''
800 "
yV, and better markets Tor goods and Although
ooi present assfho'" consumption apparently as large
a.. y y. ne.s'y 80 .hS Is actoee of by ne iact
~ - - ~. ~ S% '. sV'.s '".., 'iN
s,icnors showed sai,n, or " va,, nnn ni W.. ~
Hsro 40 81 hoos rar s,,o,, H. tea. ,,,, - s"o a,
sSso AM, hnk Il lair 10 oasnmo ,h ,on S
r ~ haIes mar uea, or Iso Oon h.ias snr ~ & i
~ n waS lsst yaor So;onr n 80 e III H. , Gee
20 aoo ha.s ~a ya,, ,hc v s s,n m a" "a.
rs =" made nm tho;r smnrnsad s,o nco
49, Gnr aua,aI,s snp,,, I NO 49,, 80 0o0
49,. ,h;s owd I h LIZ, 10 on a.yo ,'oo
n. -, "s Tonmorv 100 ny' @ -, ~ ~ uaes y"
@.,,x ID" %ryson, .,;,s "s W ,ne ne a year;