, 1862-04-10

DISTRESS 0F::*1HE CONFEDERATE
:EAVsE.
King Gotten Dethroned- -Sl.dell's
sfRttter Ead.v


London Co1regrondexee Philadelphia hquire7.1
New that the HE and cry has passed away,
and people begin TO look at the sober realities
Of the case, some startling revelations come
notwithstanding districts, and there is cotton
enough now IL Eug1and to keep all the m1lls
at work on fun tins, for at least ak months
to come. Of course, certain class is specu-
letting In the staple, and endeagor to keep up
the he Es as dRss Rss i saosd Il fbe ozSa ol sae
menta, enables one to perceive that kind and
character Of fluctuations in the market that
prove the great majority of sales to be Of
= Speculative rather thar legitimate nature.
The simple fact that bale stter I 9ale Of cotton
and New York, at prices }ustf9ing the pnr-
chase bY American manufacturers, ls amply
sufficient. to- shoW that English CONSUMERS
have had no sedons fear Of q short stock The
sfs5 sasS q tnS as ass1 s ha'e moept aDenf
Nsk-months stock On hand & Fact comnauni-
81 to me bY one Of the most responsible
1hrities IN Lancashire. The manufac-
eeaefa well known TINT, before the expiration
Of this time-even should the exports from
fhe United States fail entirely-the newly
aroused competition in various other cotton
growing regions Will not fail to result in an
ample supply. Even admitting that the cot
ton from tie Southern States has always been
Of the most desirable quality, this same
competition, eAciting, as It has and will, new
| and earnest experiments in the cultivation Of
| the plant, md melting the mechanics Of Eng
| land to accomplish important changes and
| improvements ii the manufacture, may event
ually produce an article equally good.
! let me record another fact which have re-
| ceiyed from the same source. One Of the
| most IF not the most} extensive cotton man.
ufacturers in Lancashire, foreseemg the prob
| able protracted embargo on the hade with the
| United Ststes, at an early day commenced
series Of practical experiments with samples
Of Gotten from various localities. These ex.
pe1iments involved, not only new and unusual
preparations Of thseo3tton itself, b1t also va
rio1s alterations in the machinery Of his mills:
| He pursued bis investigations with earnest
enthusiasm, and the result has been that from
Eund1y combinations Of the different samples,
aud in one instance from single specimen
alone, he has produced thread that is fully
equal, il not superior, to that made from the
Sea Island itself 50 satisfied is he with bis
| success that he is now making the necessary
alterations in his entire machinery, and has
| giyen orders to his broker to supply his mills
| Slowly with surat and other Eastern cottons
| to the entire exclusion Of American at any
price. His poaitio4 in the trade Is such thai
his example win be extensively followed, an6
| thus, in q very short time, England will fin6
herself in position where she will no longel
be obnoxious to the taunt Of the Southern
planters that Cotton is King
TParis Correspondence New York Verdi
The stormy debate Of Last week On tn
American question has giTen place to on
| quite rs stormy this #eek in relation to tn
commercial treaty between France and En-
gland. In the course Of this the opposition
orators charge that most Of the suffering 8
present existing among the manufacturin!
population Of France is due to the low taTl
upon English goods, and the consequent oVe1
-1+1&x 4rx&t
American var. The amount Of suffering Whic
really existed In France, and which has, rs "a
Us possible, been kept out Of sight by th
Government, formed . prominent topic Of th
, opposition. With the discontent which mus
necessarily exist among class Of men rer
dered dangerous by want, 1t IS no wonder tha
NJ. Billault, speaking for the Government, va
ready and willing to declare that the Gorerf
mept had no intention of interfering in our il
teruaI difficulties. Rest assured the Frenc
Government, if 1t desired to do SO, would nc
| dare at present to add to the burdens OF II
7 | United States; and even though they assure
the thousands Of suffering Workmen in a
| portions Of France that such . war We
Undertaken for their benefit and relief, tll
2 | matter would not be much remedfea thereby
These hungry, ragged 1aborers out of employ
, ment, taught By eTery act of the Governue1
| that they are to be guided and controlled b
: it as children are led by their parents-thes
5 | men are not philosophers, who trace cause t
! effect, and look into the future for results
t | They demand something more tangible tha
l the promise which war With the Unite
/ States would hold out for their relief b
sides, if France had any intention Of interfe
+ ing, recent events have probably convince
i her that the time when such an interferens
!, vas necessary had passed, and that our ow
J. Government is in q fair way Of settling tt
l. matter much better than any foreign or
), could. The seeesslonists in Paris have give
= up all hope Of French interference, and 81
!, that their only reliance now is to fight to Il
1 bitter end. Mr. Slden has, 1 learn, e1presse
It himself to this effect, and has sent dispatch
+ to the Confederate Government SO advisir
them. This " bitter end'' fighting they vi
E, find, doubtless, to have been d very cost
- amusement one Of these days, when they con
!. back again into the Uniou:and commence I
t, building the towns and Resolving the cro]
which they have so recklessly and desperate
l. destroyed