The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-02-08

supply Sufficient for Ieass three years This
Ses 3, ~ On ssna was que e the pro
oty Of manufactured goods which had aocumulsssd
through Ne recent masiplioaaioa Of fastoriss The
through tho blockade served by admxture 70 render
considerable quantity Of the short staple a India avaa
:vs he long looked for cotton fsmins s; Tru. great
dsrsss has already overaken the factory employees be-
for them the deah Of cotton has BEEN for
time very great But the vast stocks OF manufactured
fabrics hand at the commencement OF the war;
availed 70 meet the wants Of consumer These indeed
have had to pay for them very enhanced price, but the
cotton lords have reaped the benefit 30 that the exaor
binary spectacle has been presented Of great industrial
svocation declining 70 its ruin, while thoss whose capital
realizing the most enormous gaina But this condition
of things Ia now at an end The great manufacturers
and cotton jobbers have sold out their stocks They
ended The cotton famine which had come for the
factory operatives has como now for capitalists and for
There Is NO other quarter Of the earth capable Il meet
ing the present wants Of the world for cotton And
the partial supply Of inferior cotton which s drawn
that Of itself involves grave consequence Those semi
civilized people demand gold for their cotton Instead
Of paying In goods IS in the case Of American cotton
the European manufacturer must purchase principally
with specie The effect OF this is 70 drain vast Of
tho precious metals from the commercial nations and TO
The washington Cvosel in an article On this subject
which We published some weeks ago, said
The total drain e gsss and silver England
s.sr ana 1s Dc soru ssn .0s ss sSa ssf s
sum together the drain from Western Europe to South
silver annus whoh vast sum searosy dollar returns
70 tho aid Of commerce among enlightened nations I,
OF this vast drain Of specie cotton, rather the
cessy Of seeking in Asia Is the principal cause. The
consequences which follow are 30 well recognized
that the Chronicle exclams:-
A.. Gotten ss nov The Ssns e gA ana
from our restored South we might almost fear general
nothing but the precious metals win pay for IT, -
From this wreck" the Chronicle Is Of course anxious
% provide an escape for its people; and here Is It's
plan
proceed speedily 70 uneer.h The cotton now buried
nation. y s;s.s ::ss service The
The above quotations will serve 70 illustrate the duty
which now insisting For the first time since
the commencement Of Ne have foes and specta
tor nations felt their noed Of Confederate cotton and
vannah fell Ilnoolns chief Joy over the cotton he
found there Compared with that acquisition he consid
cred the escape q our troops as Of small import II
know not what has become Of Hardee he said tbut
know that have got eighteen millions Of cotton
To battle the enemy s principal duty OF war. To de-
prive or dsappoint him OF whatever would add TO his
convenience Or strength an obvious policy There
nothing which our foes now so much desire and
gently need and nothing which we can 30 easily hinder
them from obtaining, cotton. In proportion TO value
is readily removed When 1t cannot be removed it
may be very easily burned The must be extremely
rare when one method or the other s not in our power
Of the enemy, the dsrcss Which will resnk uiN fall just
mhere Is raH dserved and will be least patiently borne
chuses was the chief fmenter Of the war But Lincoln
well understands that Massachusetts, is s0rdd she
s anatca and that when her spindes must be idle her
spirit will become sediti0uG The same people who
burned blue lights in friendly signal TO hostile fleets
war; undertaken for their interests had become
irksome, win be ready to oppose the present war in like
manner II II shall trench upon their employments and
their gains II therefore Lncons business TO get COT
ten, and 1t Y ours TO hinder him.
oneso :nediasesy Nome I, de nas;ons Of E.rops ciso
The cotton which found exit at Wilmington, very
important In rendering available the inferior staples from
other countries The export Of cotton s nearly at
end Only the leak In Texas remains and IL Ia at least
doubtful whether ourselves should not close that
foreign trade but England will feel more than We
Our traffic with that country has been at great loss 10
ourselves and great profit TO her. TO say the least
unmixed evil that II has ceased II now shah
prevent cotton from reaching the English factories
through Yankee captures, the distress Of the English
will @ Ins dow ,o mum
but will not avail TO avert other and fast pressing dis
asters.
We shall certainly have no reason for concern at the
Inconvenience which the closure OF our ports win bring
to England and France. The conduct Of those Powers
towards us has been more extraordinary than even that
Of our enemies They have, without the palliaton Of
hostile relations false TO the solemn engagements
OF the international convention 70 whose decisions they
faith 10 ours They long recognized 70 our great injury
blockade such they bound themselves 70 disregard
For four years they have refused as recognition which
justice and their proccdents bound them TO accord
From fear Of Lincoln jealousy OF each other they
have done and other cruel wrongs 70 s mot
for express regret II they shall reap Of the
effects OF their own injustice.
In short the time has WAeN cotton Z IN fact posry,
because pressing necessity both In Yankeeland in
Europe The anxious efforts Of Lnc0ln's generals will
be seize cotton; FIRST Of must be 70 prevent
It. They not be suffered 70 have pound The
federax general scho e dsveli in As tev should Be
promptly and sowy deal sc. Let MS have no more Of
such plumbers neglects that at Savannah Lincoln
being judge Hardee would have done better 10 burn the
cotton and lose half his men, than 70 have left the cotton
TO be seized.
There property considerations which nationally
interfere with the destruction Of cotton that cannot DO
removed II is much destroyed 70 the owner when It
falls within the reach Of the Yankees as II had been
given 10 the flames Lncons necessities make him
pacous for cotton Even that which belonged TO foreign
ers at Savannah seized like the rest, without
hesitation scrupe. When cotton cannot be removed
within lines the only question u, shall leave II
for the benefit Of enemies shall We burn III To
ask the question 70 answer It. But is necessary 70
be deeply In earnest In this matter We must make
cardinal policy and must sacrifice delinquents prompt
ly and sternly until IL 10 diligently and faithfully exc
cuted.
The Rebel Army Of Tennessee.
From the Richmond Wing, Feb. T.