New Orleans daily crescent., 1861-09-03
DECLIRM I'M COTTON,

One or two of the recent arrivals from Europe
bring news Of q decline in Che price of cotton.
When we consider that the stock ia Europe is
daily diminishing, and that the United States Gov
ernment threatens to keep up the blockade of our
ports until the South ceases to resist--whiekis is
equivalent to saying that they intend, if they can,
| 20 make the blockade perpetual-this decline in
| price is very significant circumstance. The
Lynehbnrg Firginian offers some explanations and
suggestions on this point, which seem to us to be
| founded in reason. Here is its article:
| WHAT DOES IT MEAN ?--The latest intelligence
from Europe by the Hlbernia indicates u decline
in the price Of cotton. With but few months
supply on hand, and all the Southern ports block
aded-taken together with the fact that Northern
manufacturers are now actually importing cotton
from England-we should, without certain clue
ne at a.ioss to understand this apparent indifer-
ence to an event that it might be supposed, would
fll the English mind with the greatest concern
While cotton is worth more, by several cents in
the pound, in New York than in liverpool how
can it decline in the latter market? 1t is easy to
comprehend this seeming enigma, il we accent
one solution; otherwise, it is utterly incompre-
hensible. Do the English Spectators and manu-
facturers believe that they are cut of from the
sources OF supply? Do they believe that the
in facta II so, we should think that cotton could
not decline, when it had only reached the sum of
VT pence per pound-a little over IA cents-while
IL is worm Is cents in New York.
During the last war with Great Britain, when
two years supply Of cotton was piled up in New
orleans to the value of half million sterling, the
price of the article in England was two shilngs
British manufactures in cotton had not then as
sumed the importance, and did not WELD the in
iuenee in that kingdom, that they do now. And
yet the English Government fitted out one of the
most magnificent expeditions that ever came to
laour shores-connanded by the veterans of the
Peninsular war and composed Of the rank and file
of the heroes that had vanquished the soldiers of
Napoleon open the port of New Orleans and
procure the cotton that had been stored there
This Yves the secret of the expedition to New Or
leans, which ended so disastrousy to British arms
Inface of these facts will be told now that it
is possible for cotton to deprecate in the English
narts, if that people believe that Lincoln's block
ade is to last three months Such a result could
not be. 1t would be utterly at variance with the
wise forecast for which the people comprising that
great commercial nation are proverbial with the
forecast which We see eyinced in smaller opera
tions that Tanspire all around us every day. We
assume, then, that the manufacturers and dealers
IN England are not alarmed and, also, that they
have good reason for the faith that seems to be in
them. gf gsg4 &s$
How much such paragraphs as that from the Lon
don Post, which we publish elsewhere may effect
this belief. we do not know; though it has Seemed
TO US from the beginning that the English Journals
have made very light of Lincoln's pretended
blockade ylS4'54as t# y
We can scarcely doubt, therefore, that the iour.
nais and capitalists have something upon which to
predicate the opinion that seems to be SO well sus-
tanned ny their commercial transactions. i