Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1864-06-29

At present prices for cotton goods the expenses for
1864 will be about s6OOOO00O or an Increase over the
figures Of 1860 Of e35OOO0O0. That amount Is sqasl
to 80 per than the interest Of the British
national debt and is sbOu; onshaf the yearly osay
Of the Government. But, unlike the annual expendi
Of the nation the whole OF the will be- sent TO
foreign countries thereby causing sctusl drain upoa
tbs Of the people, extent of dOubls he
oseA all the food imported, aad, a consequences,
must before long briBg about financial panic. An
increase in the of BrsRdttus af;sr bad harvest
of only few miIions Of pounds sterling creates { i
turbAncs ia the money market What a reyulson musi
then take place when not only R35 5OO00eO additional
for the cost Of home consumed goods, but the extra
capital absorbed in conducting the commerce IN cott
with other nations will be added thereto Nor viii
this anticipated panic lower the prices OF sottons In
the Of bad harvest the high for money do
not affect the price Of wheat, beesuEe wheat Is thea
wanted So it win be With cotton This is the frst
tine n the history Of the world that there has been
''ramsa famine, and few persons therefore, ssem to
comprehend the difhealty. The hiaus caused By tho
loss Of three cotton crops the Southern States 1864
1868 and 1864 must be felt The quantity cultivated
since the second year or hs war has net more than
mPonssed fer that which has bseh dsstrOyed1n order
oevent It's falling into the hand Of the enemy There
Two years supny Of cotton and cotton goOss in
every shape in 1885, In Is6o-6l three years require
msnts in al partgQf tbs globe. Now, Including the
q1asfsy seihern States, there is not over years
ANTS. high prices have not hsd sIlses=sss4ala
laDg production to any great degree In other eean-
tries because their labor could be diverted from
their accuslored pursuits Only few suonihs sxirs
consumption has been cultivated under the afaeHse Of
eztrsvagsnt qaplatiors a careful calculation made q
short liias snca. shows that the increase IN cotton
grown in all countries other than the Southern States
Of America Ia 1868 over 1885, was only equivalent
367 COS bales Of American cotton, which, with about
600 bales attracted from the interior Of those
tries, threw into the various markets an excess ever
former years of 5sO6 bales Of the old average weight
of yarn producing properties.
The excess in 1862 was about 100000 bales and the
Southern States have, since the eEtAblishmept Of The
| blockade parted With about 100000 bales making a
grand total of about 5O0 900 bales received At the con
Haming points, besides he usual supplies from the small
cotton growing countries Formerly the number Of bses
Of American cotton manafsetureP IN Great Britain
oasd s5 per cent Of the entire quantity taken By the
mills; but the American bales heavier ana the
/ cotton produced more yarn 10 the pound than tia
growth Of other countries BSEh cotton fabrics there
FORE contained 90 per cent. Of American cotton The
case is now reve7sed and 1t is probable that the oottor
do contain than 20 per cent of American cot
ton In order work the inferior sorts and to sugmsn
ne weight Of the fAbriss large Admxture Of minsrA
ausothsr substances was and ia being used Thsis re
gsdd fraud, most Of the sales Of goods have beer
negoaed with the understanding that they were com
posei ot he ususl proportion OF American aotlon N,
description II merchandise is long reaching the con
sumner from ths producer goods; and bat few
eenglaints' laereiess, yet been heard Of in refer
encs to he Ftssef The texture of the ArtielsG s.
soon hoEey, sths desspton is generally discovered
British cotton fabrics mns nassariy lose their rsputu
ton Eaat india and other irfeliar eot,ons, unless
very small proporions, uuht sor N asnins mad
goods; they may look pesriy ~ wsl whsA ogerlosde
With esEon but they certainly viii NOS wear s. long
Cotcn Is grown in about forty different esuntris su
the aafeat rate States prsaent5 the only nstanee hsf
/, is cultivated as leading sroP. India has never pr,
dueed in any ons year 600 COO balea which, e0nsde
ing her enormous population, Is very small quantity
The dousi0n regard to the yisld Of cotton In India
which is now being dspsIled--asose from the fact {
her afre" cotton goods having bsen mentioned In h
aarssbhistory; from tbs fact OF her having al on
time supplied the world with cotton goods. Bus thsl
II must be borne mind that the production d nS co
tons was very limited and ioonansd atogs ssr to OF
district while her growth Of c0tto1s athoug
larger wss insgnieaat In comparison viii the prssel
idea Of cotton crops. At tho period wiea india SUI
piled the world with ecttc1 goods, the quantity Of iho
goods purchased very riaiRs. Wool and AZ ths
constituted the chief material for human clothing Ne
loo holds arsspeet TO OotsOa almost idsIeaf pos
slon with that Of Iadia for IS fAr baok her altol
g<nown, she has been c01tOa Pfsduesas saa cotso