The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1864-09-19
The Qnsstion Of Southern Cotton n IneIanA
Ar. oeorsc MeHenry has addressed The foiiovtne

M. oeorse McHenry has addressed the following
letter to the editor a the London Tssss;
~ " L q fsw months age drev your astensssa y
sns met that the Board Of Trade fablss did nos c1ss
csiyed In England from them thfoseh tke rorfe sf
the West Indies and Aexico 1 6nd nov fksf -
commlssionsIs q Customs have made ~ sa1ns
ssfor aud N their report for 1858, Just puhAksd,
shsy base sn argument upon the mistake, snd g.
ssft that the blockade was more eflecfivs IA Ie0s
Inan IN 1851 II is due to the South thAe ths mat
returns record but 81 900 ia is6o sesnst iao
IN 1867, the actual mporfafions d Xrnesicna coefoa
Ia in the United Kingdom were sse,eoo ., against
so0 600 ., or nesrl. double. Nor i Gis al
Quite an extensive commerce vas carriod q.
last year between the Federal states ana TIE
above-named countries Of inter1nediats export, he
shipped thither, which, with that stolen lsol tho
Ccnfederates, made their receipts equal 70 hoso eS
Great Britain, whereas eenmparatise smaT quantity
8 obtained BY them In 1869. In fast, tko sdstk
ranked IS the second cotton-expostine ecunry last
year. Since tho lst Of January her shpmants have
even been greater than they we're during tbs whole
Of 1868 From the period Of the establishuAent a
bpted 70 the outer world s,oOo,OoO . q cotton,
about one-hnh o. which escaped nom within her
limits subsequent 70 last September This, With the
enormous stocks Of cotton, and cotton yarns, and
goods mado chiefly out Of her staple ct tAs consum-
ing points when hostilities commenced has beAa the
principal means Of furnishing. shat dssuipsaaa of
clothing to the inhabitants Of s globe lr As pase
y
Of cotton, interior in quality II In in Other coun-
tries under the influence Of high prices. has noe
been equal to more than 500, ,000 American hales:
while II cultivation had gone on untnfssruptsdiy il
the Confederacy, the natural augmAntatiou In The
yield at former quotations would this season have
rsaehed 500, 900 bees India and Ckna aru coftou-
manufacturing veil as cotton growing countriss
and hence they, like England, had on hand, n ads
dition to their heavy stocks Of goods large sur.
plus OF the raw material, which they have besn in.
daeed TO part with in consequence Of its extreme
value. Prices have already touched the highest
rates ever known. To be sire, soue New Orleans
middling cotton sold ct Liverpool duriue the last
war with the American States in 1914, at sea- n:
but that quotation was in paper money, when gold
was at premium Of thirty por cent. In ordinary
times there Is always two years' stock of cotton
goods in the hands of all classes When Fort Sum-
ter fell there were, owing to the excessive produc.
tons Of the Southern States Of 1885, 1889 and $780,
which met a fictitious consumption by the erection
OF too much mill power, three years. reQuirsments.
It is therefore, easy to perceive how the raimsnt
famine has been postponed. A point, however, viii
yet be arrived at when il will he necefssry 70 call
upon the South for hen accustomed supphes. The
second season after peace the Souta i'll be able to
export between 6, 600 600 and 7,0o0U baas Of cot
ton, and perhaps more. She can readit- turn Q
eater portion of her labor to the GU tvation Of
that staple than formerly, and purchase part Of
her food supplies from her neishbors Of the NORTH
western Confederacy' No other cotton-growing
country has such Q granary at hand"