Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-09-14
EUROPE AND AMERICAN
WaH
The English papers by the Arabia are Prin-
cipally devoted to discussions concerning She

LIS EAEiisI puDbAB W Az GAo1AN @AN F-A-
cipally devoted to discussions concerning She
probable
"~coTToN FAMINE"
4 Liverpool cotton circular, after referring
to the American war, says:
We now beg our friends to understand that
the only means OF even slightly mitigating the
fearful events incident to a cotton famine are
a great aRd timely advance in price, which
will prove 10 merchants and growers in India,
end other distant countries, that the scarcity
is a real one, and induce them to gather up
and ship cotton bither, rather than leave it to
be manufactured by the natives Of those coun-
tries. THus our dis ress may be nitigated-
the wheels OF trade may be kept IN motion,
even though at low speod-snd partial en-
ploYment may give food 30 thousands, who
would otherwise be destitute. A national
benefit would also be conferred by all s]piDners
who, by running their mills at half time,
should reduce by so much their consumption
Of cotton. II this were universally adopted,
the present stock, instead OF being exhausted
in December, would last till May, and before
then i. is possible thst peace may be restored.
The London Post says:
It is well at last that the cotton nanufac-
turers have get a good fright. They have been
warned, year after year, Of the folly OF trust
ing to any one nation for a supply. All rene
dies in their power now were at their COM
mand ten years since, yet they neglected them.
Even still there is a lurking hope that either
by compromise or conquest the civil war in
America will be ended so asto give Us southern
cotton yet in a cheap rate. But &c day after
day closes in, the difficulties Of adjustment in
crease. These are building houses on the sand
while the floods are threatening. That Febru.
airy next will see the end OF our American
co ton, and that we are nearly ignorant Of the
quantity we may expect to reschu US from other
countries, are announcements sufficiently
alarming.
THE SOUTHERN GENTS IN ENGLAND.
The London correspondent Of the Nsw YORK
Tizses writes, (August 2a.h) as follows:
The news of the battle at Bull Run fell Ike
a spark on gunpOwder among the secession
agents hare, and startled them into a super
natural activity. While our credit sinks like
lead, these busy hands sre writing money aTti-
clesfor the Times, and pumping :heiT ideas into
the brain Of that Journals city oracle. They
are in the markets all over the country, bidding
furiousiy against our government for arms, and
as seems to be thought, not without success.
They have got money-ready money-Of that
here can be no doubt, though from whom, and
at what awful discount, | do not undertake
even to guess. They are saDguine as ever Of
recognition, and very likely have their reasons
for being 90. Nor Is all this the worst.
Within the last few days It is rumored that
they have succeeded in equippipg and sending
off an armed steamer with a cargo OF arms
and ammunition for the Southern States, which
has been for some time past quietly receiving
it's stores, under the direction IF a Liverpool
hrn in the American trade. OF the Darticu-
lars Of this affair | am not informed; but it is
said, still further, that the British government,
when called upon to prevent the departure Of
the vessel, declined to interfere-0n what
grounds | have not heart.
II these stories are true, and whether they
are so or not must soon be known, all talk Of
the good will OF this government toward us,
and all the talk Of the English press about our
ingratitude, will receive a quietus.
But even il the story were not true, it must
soon become 90, for there is more than one
armed vessel fitting out in British ports, and