Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1863-03-03

always prefer the cultivation OF tea ana CON-
which ere much more profitable than cottor
and ere grown af attitudes shove tie sea mncf
1,ore favorable for European constitutions EFsi
# st vers Otherwise, tue command Of organ. zee
I,bar of the description usei in America doe
not exist The great bulk OF the lndiaa supply
Of cotton Will therefore always, as at present
bs grown by aha ryois S s roiatioa crop, IN.
s.ssabis nrodnce viii, therefore, away,
- ~ loss than in America. Bot although
this issue. a vast qusniity viii san % Piou1sso
b,1 tba cultivation OF su acre here and an acre
tfera. on the small holdings Of the present pro
nrietors Of q uooulation of $50 O0OOJJ' VINO ar
mainly agricultural. This is purely questlan
of pries. Let cotton sell on the spot at p5icF
which makes It his best paying rotation crop
ana tbere is scarcely any limit 20 the quantity
which nav ultimately be grown. Nov, 70 aP
ply those data to the practical state Of ihiag-
with which we have to deal In September last
warned the people Of Manchester lna5, % tns
best Of my judgment they Woll.d nos sS' - 1'ie
outside. above /. 500 600 bales OF cotton tron In
dia for tba next twelve months. There seems
no resson to altar thst opinion. To produce an
extra supply of 600 600 bales at the existing
rate of preduction-snd any increase on it Is
pros1ectivs-would require al least l,O00OJ0
acres extra TO be SO gn with cotton and, as To
cotton croD can only be grown alter ROTATION
Of three OF four yesFs, this impie that the cu-
tiEasors of l2.000,000 acres OF existing arabic
ground who have not hIthe rto grown cotton D.
g rotation crop. shall begin - d. 80. Lahea3til-
may be kept oa halt TatO1s, SID saved ifom 40
s9lute starvation daring the next two years Dy
Indian cotton. but effectusl aud speedy reie
can only come from America / am convinced
also thsi It is for ths interest Of India taas tas
war I'm America should soon terminate, so ina
/ &c may Be seen TO what normal price cotton
rgould permanently settle down II AmeEica ci
eesia produce 600 600 bales of cotton Rt 81
/ 10 81. psr pound and 50 drive the PrIce oi
Indian cotton down to Al, ether crop
viii pay bet.er in Iadia; cotton VIII e7sse
/ TO bs grown largely fr expoftltilni ana a large
smount Of capilal, which can lil b. spared, Wll
j aavs been lost. after being diverted from othsl
/ oursuits by the temporary stimulus given BY
I high prices But If, ss / think more probable @
I America. when the war ceases, csunOt resum-
/ her former production, India viii undou7ged ;
supply tie deficiency. Il is hazaTd0us 20 ven
tnrs on an estimate ia such matters, bat see uC
reason b. slssr chat which I gave four month
: sg0 at Manchester viz Iaat for the K
twelve months India might furnish from 80
GOO % I 500 600 bales, but not more TIA
/ permanently, after time % extend the eultva
ton aud get over ihs fluctuations a. the tims o
I TIA war Iada might supply somewhere ab0u
2 coo 600 bales, with q permanent average pre-
OF 90 per peund for Indian cotton in Liverpool
I and 600 600 bslss, more or less, for each Id
per pound, more or less, in the prics Of the sFii
] els I believe that if the war in America c0ul(
be terminal tomorrow by the int recogni
q a Of fhs S0uh By the great powers or otnsr
wise, the result at which va should probably ar
rive in two or thes y-srs, after severe hactu
tions, would be som sthiug ike the folio wing
Cotton consaup-i IF the world, OOO09
Suo0ly-Amsrics 500 900 to 5000 600 biies
ar 70 ~ pr p0ul Iudia, l,5OOOO0 &
, 600 600 bales, at 81 to 81 per DOund; tn
rsst of the World 500 600 20 100000 bales.