The national Republican., 1861-11-13
COTTON.

l
On the 26th Of October, the amount OF Est
india cotton known at Liverpool to be at sea,
on its way to Eugland, was 10000 bales,
against 33 900 bales at the corresponding date
Of last year.
Humboldt said Of himself In his old age, 81
decline, but decline slo,oly' The same thing
may be said of the stock Of cotton in the pos
session Of the Euglishmen. It declines, but II
declines slowly. On the 25th Of October the
Liverpool merchants had on hand ,Ooo bales
and British cotton manufacturers certainly not
less than $50 600 more. These quantities, with |
what was then at sea from the East Indies, make
m round million OF bales, equal to twenty |
weeks demand for English consumption and ex' |
mort to Europe And in the meantime, the
supplies from the East Indies, Egypt, Brazil
&C., will be continued and increased.
There Is an iuaute deal Of nonsense writer
upon the subject O. cotton, and, we presume,
always will be.
II is aid, for instance, that the English man
ufacturers are closing their factories, or work
| ing short time. because the American supply
is cut of, and that in this way, the manufactur
ing population OF England is already suffering
from the effects of the troubles in this country
All this Is both untrue and absurd. There
| never was a cotton manufacturer In EpglaId
or anywhere else, since the invention Of tn.
sninuing Jenny, who failed to work his machn
cry, if cotton was to be had at ALL so long as
there was margin of profit between the price,
Of he raw material and of the finished produc
ton. Factories are built to be used, and their
owners are influenced by nothing else than
their own individual profit. Nobody, on either
side Of the Atlantic is dissuaded from working
No bales of cotton to day, because the supply
NAV possibly be cut off six months hence.
There is an abundance Of cotton now In Liver
Dorl. and If the Englishmon consume some.
> what i 50 than commonly, 1t Is from the dimin-
: i;hed demand for the manufactured article.
! Tnat ia the common sense oil the case, and all
= the testimony we have that Is intelligent and
I r.liable. proves tn. same thing The manu-.
= E.g.urcrs in England, as they had in this coun
: ty down to recent period, had over-produced
aud it was necessary that they should paus'
until the market for the manufactured article
: hid recovered it, tone. II is the diminishing
g, ket for cotton cllt's, not the diminishing
. s.pply of cotton b .les, which has caused. and
: ia causing. the closing of factories and the
4 working short time in England
The idca that The English dealers in cotton
a 4 mlaulAe urcrs Of cotton, are in a fever o
;. anxi. ty to get u, the American crop now being
ga.hered, ia to b. accepted, if a, all, with t
great mauy exceptions and qualifications. !
the question of raising the Southern blockade
= forthwith could be left to day to u vote Of tn
! Liverpool cotton merchants and of the Man
i chester spinners. it is by no means certain
J which side would carry the majority. The
t-rminaton o. the Southern blockade would
= reduce the price of cotton say ten cents pc!
pourd. and that would be a loss to the Eng
lishn,en. upon the raw cotton which they now
h we OF 6r,y millions Of dollars, to which is Il
b.. .d.,-d the .oss from the fall in the price o.
tn-if stocks Gf manufactured cotton. Every
T. b jdy !oresees, that there is to be crash in al
branches of the cotton trade, when the Ameri
'" can supply Is reached again. Prices have Tul
up to high figures. When they come dowu
thousands must be ruined. Consumers OF cot
!! tou as of everything else, wish it 10 bs chsaI
y" but II that is the wish of English holders c
~ cotton, human nature on the other side of tb
Atlantic differs from the samples of it W
VI have encOunto red on this side. If the Engls
= nation derires the immediate raising of tn
Southern blockade, it is hardly credible ths
81 E7glish owners Il cotton can desire it. Fac
-, one of those owners desires, perhaps, that tn
~ blockade may be opened al some time, but NJ
N' until he himself Il out Of stock and wishes
buy again.
The inevitable crash In the cotton trade me
be escaped By manufacturers and merchant
'1 who are dexterous and lucky, but there is no {
' cape for the American cotton planters. Pric
are high because they cannot reach the marke
L., and when they do reach it, 1t will be with tv
h. crops at once, or nearly at once. There
he nothing for them, but glut and low pric,
1n' but s we're as their punishment is it is not t.
III, severe for their madness and their criminalit