The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-08-31
The Great Cotton Revolution i'm England
and Amerfca.

all Inc OuLleH from the South, an entefpfising
speculator has realized ten thousand dollars
upon the sale Of two cargoes of the American
fibre recently imported here from England
According to the news by the Arago, of Cape
Race yesterday, the decline noticed in the news
by the Asia had been fully recovered, and the
market was firm. This advance will have the
tendency to stimulate the operators in India
Egypt and the rest of Africa and Brazil to push
forward their supplies. The manufacturers
already begin to feel that, if they pay high
prices, they can get cotton from Egypt, from
China, and, above all, from their own India.
The stock of cotton of all growths at Liver
pool August H. as reported by the Asia,
was 944,360 bales. The amount afioat
was variously computed from 100000
to 100000 bales, the bulk Of which
was India cotton. The English spinners
as a class are heavy capitalists, and work usual
ly only for orders for goods contracted for,
which they cover to great extent by the pur-
chase of the raw material. The average stock
held by them, without great disturbing cause
like the present rebellion. is six weeks con-
sumption. BY working half time after this date
they can make their stock last till June next
In previous years. in September Or October, we
have seen many cotton circulars proving that
on the lst of January ensuing there would not
be a pound of cotton at Liverpool; but when
the time arrived there was always good BUSH
ness stock of 100000 to 100000 bales on hand,
and manufacturers not pressed. The European
cpp hovo had 10 TO- mi borlr
to the gale, and it will be found that they have
done 80, and that it is the American grower
alone who will suffer.
Even on this continent the culture of the
plant is not altogether in the control of the
States OF the Southern confederacy. 1t is pro
duced at Nicaragua, and can be to far greater
extent On this point We publish two letters.
One Of them is from the Nicaraguan Consul at
London, who says, in allusion to thirty bales
of cotton which had just arrived in London
from Nicaragua, being the first exported from
that country:-This cotton was grown by the
natives, and Mr.. Hart is, by the government Of
Nicaragua, authorized to state that it has great
desire to see British industry directed to the
cultivation of cotton in that part; and it will
make free and liberal grant of land in the
republic to those persons who may be DESTROYS
of establishing themselves in the State for the
purpose of cotton growing" We have no
doubt that numerous enterprising Brtishers
will accept the offer. That the soil is eminent
ly suited to the growth of cotton, Mr. Dickin-
son, our Minister to Nicaragua, bears testimony.
Hn 90 int;
for the gro,rth of cotton. / am
satisfied, from what have learned by inquiry
and observation, that cotton can be gro,pn to
great advantage in this country / saw the gin
at work at the establishment of Messrs. Russell
Fitzgerald, in Chinandega, cleaning what i
regarded as an excellent quality of cotton.
They are Americans, who intend planting one
hundred acres themselves this season, and are
giving away to others all the seed that is
wanted for planting. North Americans can
labor here and teach the inhabitants how to
cultivate the soil and raise cotton enough to
supply the United States and most of the rest
of the world without slave labor. ] very much
doubt whether there can be found upon the
face of the globe soil and climate which are
better adapted to its growth than the soil and
climate of Nicaragua"
We may add that Jamaica aud Hayti are both
capable of producing the plant in perfection,
Cotton from Hayti has brought fourteen cents
per pound in the New York market, and it is of
that choice kind called the Sea Island, produced
on the sea coast of South Carolina and Georgia.
In Nicaragua and in Hayti two crops are pro-
duced in the year, and the plant is perennial,
instead Of annual as it is in the Southern States,
on account of the winter frost. II is not neces-
sary to plant the seed every year. as in Ala
bama or Louisiana, nor is the plant liable, as in
the Southern States, to be destroyed by spring
frosts while growing. 1t is estimated that the
cotton grounds of Hayti are capable of produc-
ing four times as much of the staple as the
entire produce of our slave States. Spain has
thus secured her prize at the right moment,
when the.sceptre is falling from the hand of the
cotton king of the South.
And when we turn to the Old World what do
we find? That Egypt is admirably adapted to
the growth of cotton, and that its government is
encouraging British immigration there with
view to the extensive cultivation of the plant,
and in order to cement the interests of Egypt
with those of England. Egypt is essentially
necessary to England as means Of commune
cation with her Indian possessions, and the cul-
ture of cotton on large scale in Egypt would
make England and Egypt mutual customers
the one for the raw material, the other for
the manufactured article. Mr.. Haywood,
agent Of the Cotton Supply Association,
reports that the export in 1860 was l42,759
bales, showing an increase in four years
Of 1871 bales. He adds, that it appears to him
that there is scarcely any limits to the produc-.
tive powers of the country. Other parts O
Africa are known to be equally well suited to
the growth Of the plant.
But it is from Asia that England will derive
her chief supply China grows cotton in vast