Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-09-26
rnn cnrroN sUrPLs lN 1919

l.Om AlEAlfu % AAN ENAte-
AMI no less troublesome Is it % the CONNER
cal and manufacturing Swans, than wss To
problem of the SPHyVx Propoundei to GDI
PTS. Bat we are sure that they will not prov
20 successful in its solution.
The Liverpool correspondent. Of The Londor
Tyusep. as we notice, writing under date Of Au
rust the 2Ist, strives 10 show that no appTehen
son need be entertained about the realization
Of this threatened famine, and that England
has 1t il her power to become practically IN
DEPENDENT Of the monopoly heTetofor7 enjoye;
bv the slave etates Of the old American Union
The logic that is adopted, however, 70 sustain
this assertion is FAR from being eogent, and We
end nothing ia it. indeed, that may be chardc'
tsrized az even plausible. Il is based upon The
paI9able a5sur5ity that Tor the past few years
the production Of cotton goods has much eX
egsaed Tie consumption, and that lnd!a, China
Ars-rsla and other consuming countries are
giusted with supple from the English mills
Tho demand in these markets, IT, is maintained
ts ianguid, and nothing bus the pressure Of mon
eoods a coming in forces the stocks. alTeadytAere
o. an unwilling market at ruinous prices
4 fact which We are disposed to doubt, bui
whics, syea il admitted, is comparatively OF
trihing Importance, when W. come 10 consider
The original question in ITS bearing on British
industry. This writer also fails into the de-
Iasivs error. which We have mere than once ia
ken occasion 40 expose, OF placing reliance
up,n tue alleged pfobabiii y Of Obtaining con-
slant and increased supplies Of raw material
from Egypt, India, Jamaica and other coun-
tres.
II is fact sdEitted By the Tines that the
whole American stock Of cotton in Liverpool
watch is about zoe, 600 bsles-1il be absorbed
By the latter part OF NoveRber. Msuufsctur
ers wall thsn have on hand about 100000 bales
Of East Indian Gotten, many Of which, it must
be remembered, contain but half the quantity Of
the bales pat up upon our southern plantations.
The average weight is probably not over three
hundred pounds, and the whole amount will
therefore last, according to TIE usual rate
Of consumption, until the middle of January
or should the mills only subsist on half supplies,
until the first Of March.
The extent Of British dependence on the
Southern States for supplies of cotton, has
never been deprecated until recently, even by
their own journals. We notice some interest
ing statistics on the subject, in an article taken
from an English paper called the Cotton Sup
ply Reporter, which appeared in June, 1860.
It seems from the statement Of this paneT
that over 500 900 workers are employed in the
English factories, and that the number Of per-
sons dependent on the cotton trade for subsist-
enes is at least 4 ZOO, 600. To lis rapid devel-
Opman mt is attributed the increase Of the popu-
latioa Of Lancashire from 360 600 persons a
century ago to {, 9Oo,ooO which it numbers to-
day
It appears that there were in the United
Kingdom, il 1856, 22I0 factories, running o,
O)9,OOO s~pindles, and 299, 900 ICONS by g7,oOC
horse power. Since that period, of course
a considerable Eumber OF new mills have been
ere ted, aud extensive additions have been
made to the sp ming and weaving machinery
Of those previously in existence.
The amount Of actual capital invested in the
cotton trade Of the country is estimated al
over $50 100000 of dollars, and the quantity Of
cotton imported in 1859 at 1882, GOO. 600
pounds, the value of which, in Ordinary
timss, may be safely set down at about $780,
100000. Out Of 2,s29, 10 bales Of cotton in
pOnei irto Great Britain during he same year
The South supplied 2.O86, 34l, OF about six-
seventies Ct the whole. 10 other words. out Of
every seven pounds imported from all coun-
tries fnfC E~oaA prftar- -. - 1911 =
pounds. India supplied 500 900 bales, Egvpt
1,OO0,00o, South America $4,000, and other
countries about 5000
In 1859, 1t further appears, that the total
value Of exports from Great Britain amounted
to about 1852. 100000, OF which nearly ssl0,-
100000 consisted o, cotton goods and yar1.
Thus more than one third, OF one dollar ont Of
every three Of British exports consists of cot
ton. Add to this the proportion Of cotton,
which forms part Of The sixty millions that
are exported in the shape of mixed woolens.
hs5eraashery, silks, e.c;, and the increase will
be psrceptible. Besides, Great Britain alone
consumes, as is staled, about one hundred nil
lions worth IF cotton annually.
The Cotton Supply Reporter, upon the
"a~ 49,
strength Of these facts, adds With much force
Two conclusions, therefore, nav safely he
draWn from The facts and figures now cifed~
hrst5 tbst tie interests Of every cotton worksr
are hoahd Up with a gigantic trade. which
keeps N motion an enormous amount CT rsnj-
tsi, and lbs capital, machinery and isbor d.
PEND tor sz-sfrcahs Or is employment ayo, re
staee StGtes o. 7neriCG for prosperity and CON.
ftTFafee Secondly, that il a war sbopl8 -
anY Tine break ont between England and
America, 2 general instruction ,ake nlsra
smong the s'aEeB. disease sweep of those slave
q oeatn, the cotton cron fail shot in ou,lifv
whether from severe frosts, disease ~ -,
pant, OF other possible causes. our mills ,,onIJ
Sc st9pped FOR wan Of cotton, cmplovsrs ronl5 |
be ruined, and famine would ssh .broaI
among the hundreds and Thousands ne yr,,L-
people, who are a. present for upatelv Ill
employed. Calculate the consequence Co.
yourselves. Imagine a desrth CT cotton 49,
you may picture the horrors Of such 2 -
ity from the scenes you may possibly have VII
messed where The mills have only run or ashort
tme Count Up all the trades hat are -
gong out OF TIE wages Of the working classes
independent OF builders, mechanics, epgiDsers
golfers, etc, employed BY the miu oWnera
Railways would cesse 20 pay, and our shjps
would lie rotting ia their ports, should
scarcity OF The raw material for manufacture
overtake us.