The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1862-05-01
Cotton as King.


from the above point, they will fcd thorn
n their side.
Cotton as King
Itn very generally a. mttted that our PEG.
PIE have. With rare ananimity, moderated
ne skill and power Of our common enemy as
exhibited In the field. Have they not Ike
wise upderrated the abilities Of Federal states-
men Are we sure that we correctly COM
prehend the foreign policy Of Sewardf Is
not that aruui doeS,r dansing with Palmer
ston and Napoleon in pretty much the sans
way he daliisd with some Of our own cmciaisY
He determin ed to gain time on them in order
TO effect q revolution in their midst. he nas
succeeded. They have listened 20 his appeals,
and relied on his promise - send forward all
tho cotton required to keep in motion their
millions Of sriudles. They are doomed 70
dsappoir tment 1t Will TO: teks them long
to discover the tolls this ar sfuI statesman has
prepared foc :hem. Ihs development OF
events will be all powerful 10 undecsiye
them. They are in the same hating, hest
tating mood that possessed Virginia before
she seeded from the late Union. They must
see before they can believe, and Will have TO
TO pay the penalty OF their stupidity. II Sew"
VI,
tme agreed upon rs proper 70 opeK the cot
ton ports. and the planter fail in the meau-
time to plant his usual cIsp, will no. he have
accom- pl.shed m ore by diplomacy tbs McClel
ian By the sxord' Have we Of the G5nth no.
generally believed thai withou, cotton Eng
land aust break on, in revolution If. then,
revolution overtaks England and France.
what need for fleets have those great I'oweI
on our oosst, or . camp Of instr notion OF our
con tie sntf II Frenchmen rip op.n the bowels
Of Frencnmen, and EuSltshmeI by thsir
elamors drive damaged Cabin OF from power
will not Seward have accomplished q Rrea;
feat Of diplomacy What, then are ve to
think OF n aster Sewardf Il he charlatan or
stasesnsn' Pretty good Statesman II he oap
carry war In the heart OF England and
France, and use their own sutj so.s to fight it
cut.
A document compiled from the very best
date, BY one peculiarly lifted for the task,
was lately read before the Manchester Cham.
bsr Of Commerce, exhibiting very important
facts The value Of the 90 ton. manu-.
Ing industry Of the world was estimated at
eeoe, 900, coo Of this amount the en- tire popu.
ton Of Great Britain consumed, in value
about - IS per head per annum. England
goods al the rate Of ~ cents for each individ-
uA In this country; but being ourselves large
uanufs etureN and In view of the genera
better condition of the nix OF our pop1ls
ton, 1t is probable that our consumption OF
cotton goods will exceed that Of Great Britain
81 per oenL per mead.
England exports to her North American
colonies cotton goods At the rats Of OIL - per
head per aunum for the whole population; to
Russia, only at the rate Of three.Af,hs of a
cent Per head; 70 Frsnos, 3 cents per head; to
her East India possessions, at the rate Of Is
cenu But these three last countries m an a.
facture at home. especially France, who q ain.
ly provides fSr he- own wants, while Russia
receives goods from several sources. Estma:
ing tae population Of the globe a. $50 900 900,
the Apo. sionmeDt of the whole value OF man
ufaotured goods weEld be about 10 con Is for
every inhabitaut- man, woman, and child
The tendency OF the age IL gradually toward
80 equalization Of the moral and physical CON
dition CT the human family. The weather.
AID middle classes expend much more than
heretofore in articles Of taste and luxury, In
bOusahold and personal adornment, whereby
the artisan, mechanic and laborer are bepe.
nited and their condition improved. The bar
barouB and debased nations OF the world are
fast tending towards tbs habits and acquiring
the tastes Of civilization, the first symptom Of
which Ia the exchange Of their former nude
and scanty clothing for dresses Of our mar q.
factured goods.
Hence 1t requires neither reflection nor arsu-
ment TO show tha:s cary email seaerol ina,esss
u tos COL sumption OF cot.on.soods would de-
nand supply Of raw material beyond the
pecu ability OF the world to afford. The
small product Of the West Indies ID alnaos.
stationary. The same Is the case with Bra
hi, on an average Of years; the i'm port
'asnoe last year, bsing only lsS 600 bales,
weighing less than zoo pounds each. In
Egypt the product OF the past four years has
averaged about twice as much as the pre-.
csdins period and last year only Iii. 900 bales
came from that source, Weighing $50 pounds
sach while the average shipments from the
Est Indies for the past six years Ia ahol.
~. 900 bales per annum, weighing about so
pounds each.
The main dependence Of the world 10 On
thn county, which last y ear fur nished &C.,
"" bales ont Of produo. OF 4, 800, 900. As he
sSlards OF the West come into cultivation,
ana the progress Of our railroads brings tbs
crop within reach Of tbs saaboard, there will
oeagrsdaal increass Of our production; but to
ni' there must b. q limit, considering the
hasu5s Of the climate and soil necessary;
and he time may not be far distant when We
NAIL fail TO meet tho demand. Under this
aAss Of things It II rot at all wonderful that
ne 0overnmsnts OF England and France are
Wsang forth every Effort to foster the cult.
naon OF cotton In their coloniss. w have,
osrtainIy' NO sauss for fear or isalousy in
'isw OF these efarts. Not only ara ve. ss
Producers, interested, bat the foreign mann.
heturer, the political economist, and the NH. i
lanthropast, alike have taken,tne mattsr IN IN
confederation
We can scarcely contemplate without euo.
Ton the disastrous results. commercially, DO.
hsisaliy, ana socially, that might follow a
general failure OF ssly sas crop in this csun.
ny. There would be NO reserve to fall back
upon. The stock In Great Britain on the ID.
January, isSs. was but little larger. With q
oonsumpuon Of 3. 90 900. than 1t was In Is4I,
with consumption Of q little over Loco, 900
~lss, and not hall so large - the stock on
January !. ls4e.-rExtract from an article on
We"Cotton Trade Of the United States, pub.
"'a'o 10 lsn, In the pages OF 4 Cye3epsdis Of
s~" and Cs~s~aal NastSssses, edited by
howard Smith. corresponding Secretary OF
ohamosro Of Oomneros OF New York, and
L"a ol OF tie BsxkS's AAIsst~S aid Ssssisstesl
Zen. Bsauregard's Report
MI Jacob Thompson, Of Mississippi, AID
,,.~ d. z. Peyton, Of Gen. Bsaursgard's
o...hsvs arrived In the city. They bring