The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1862-09-28
NO l46
New Cotton Fields.

slant between cotton consumers and COT.
ton producers at South Kensington. Ene.
land, cannot but prove in its results
terrible blow 20 The slayeocracv Al the
outbreak OF the rebellion. no Soutberber
! doubted the prediction OF their rreaf
commercial oracle, De Bow, that England
and France would be compelled 10 obey
the behests Of King Cotton az any cosf
that they would find Il impossible 10 live
without receiving from America their
supply OF cotton; aud that, IL they could
not obtain il by fair means. they wonld
have il by foul
For some time, it seemed a. il their
hope was well grounded A LARGO nor
ton ct the cotton manufacturers of Emo.
land and France, without conccrninc
themselves much about the hostility of
public opinion in their countries 10 slave
ny, went over soul aud body 90 The Marty
OF the rebels, and conformity with those
politicians who wished first ofall 10 break
the power of the Union, they clamored
for meditation and intervention in the
American war, and for recognition of
the Southern Conlederacy When tbev
gradually hogan 10 see that the war
would, in any case not be over in timr
to furnish them with their usual supplv
OF American cotton, they made up tbeir
minds TO look TO other quarters for IN,
necessary supply.
The Efforts made by the Cotton SUNNY
Association of Manchester for eXnlor;no
new fields of cotton challenge admiro.
ton. Every inhabitable country of IN,
globe has been examined The NECESSARY
| preparations have been made for begin-
ming at once the cultivation of cotton in
number ol countries and powerful i'm
! pelus has thus been given to cotton pro.
duction throughout the world. Thus. bv
cruel nemesis, the very class of men ON
| whom the South relied as It's most off
eient allies and supporters, have been in
| duced by consideration of their own
| industry To toll more industriousIy Than
any other class for undermining the main
| support of Southern prosperity. They
| have been traversing every land and cvery
/ sea, to raise powerful competitors in tLc
principal article of Southern expectation;
and, to encourage these competitors they
! hnd 1t to their interest TO represent the
! war against the South as likely 10 con.
tinue much longer and TO cripple for a
! long time the productive power OF the
| Southern States.
AT the recent meeting at South Ken
sington, the Cotton Lords held review
over the agents whom they intend 10 use
for breaking the monopoly of the cotton
| trade oi our Southern States The array ia
formidable. No fewer than thirty.Rye
different cOuntries--in Europe. Asia. Az
RIGA, American and Australia-baye
already sent cotton TO the lnterna-
tional Exhibition at London, and most of
them were represented at the Cotton
Conference, among them the negro repuh
lie of Liberia. The chairman of the
Committee of the Cotton Supply Associ.
alton described 10 them The brilliant
prospects, of the cotton trade. The vain.
OF the American crop for 1860 was est
mated al &i0,OOOOOO. II was represent.
ed as certain that America for many
years 70 come could not attain TO the no.
sition che had lost, and as probable that
she could never attain 10 that positi,n
again. OF the f4O,OOO,OOO which had
hitherto been the pride and possession ct
American planters, other countries. which
had exhibited samples or cotton, ought IT,
obtain at least G20,0O0,OOO. II was
shown that the average price of Ameri-
can cotton in England would not be I'M
der siXpence per pound, and that, there
fore, all those many countries which
could make profit ont Of cotton AZ six
pence a pound, might set to work to
supply Liverpool without much fear of
losing their labor
The replies of the representatives of
the several countries show that there will
be n lively competition for getting the
lions share in these 100000 900 or $40
100000. Many countries claim to pos
scss cotton fields large enough 70 supply
the entire demand Of Europe. India
Australia, Africa, and South America are
most sanguine in their promises Seyc-
raj countries can already command labor
cheap enough 10 produce cotton AT Sd a
pound, or even less others have no doubt
> that they can furnish IL to England At
less than cd. as soon az they get laborers
from India and China. But nearly alt
will enter the race with vigor
p, The competition with the cotton trade
Of our Southern States is therefore nu
longer merely prospective, but has begun
+ in earnest One OF the speakers at the
; South kcnsington meeting quoted ne
l turn of the quantities Of cotton imported
ia 1861 and 1862 az follows: