The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-07-08
A Trip Through the Cotton Re-
gion of South Carolina.
The Crop Can Only be Brought to Mar
ket by the Aid Of Northern Capital.
The Planters Holding on to Their Cotton
Under the Belief that Another Crop
Cannot be Raised Under tho
New System Of Labor.
SpeCie Demanded for All Cotton
Sold,
&c., &s., H.

specie Oem6MuCO AOE AAA OVssO0
Sold,
&c., H., 70.
Our Charleston Corresp0ndence.
CHAR1Esron, June 80, 1865.
The problem Of bringing the present stock Of cotton 70
market and Of establishing and successful system
Of cotton culture by tree labor H. with the great ques
ton of the day. Though the city seems lively enough
though the lately deserted wharves already present fair
array Of shipping, while everywhere the business
meets the quick step and keen glance Of the
universal Yankee yet the merchants complain, and with
good reason that these are the dules they have
ever known Money is incredibly scarce, and seems TO
be q rule adopted by the people generally-doubtless
rather from necessity than choce-to buy nothing that
they can possibly do without But through the present
gloom everybody looks for better times Everybody
feels that when the great Of cotton now stored in
small lots throughout the Interior begin to roll seaward
money must become abundant and financial relief
ensue But when are 70 expect that wishedfor
summation
TRIP THROUGH COTTON REGION.
Your correspondent has just returned from flying trip
through the most productive cotton districts Of this
State in the course Of which he enabled to gather
interesting information In regard to the prospects
of the cotton trade In spite Of the heavy losses result
ing from fire. waste and other causes the stock Of cotton
still remaining in the hands of the planters is very large
much exceeding, am convinced, any estimate that
have thus far heard placed upon it. In very many in
the cotton still in the seed, unginned and
wherever has been gnned and baled found the bales
In very bad order for transportation shipment The
reason obvious During the II utterly impos
sibe to obtain baggng and at any price, and the
use of inferior substitutes wholly unfit to preserve the
cotton IN coed condition became necessity The bales
tOOh av va NH
which offer but very inadequate protection from the
weather. that they have grown damp throughout con-
sderaOn of great importance, in view OF its effect
THE PEOPLE HcLD1So ON TO THEIR CROPS.
Yet with all thess disadvantages, the planters
entertain full appreciation Of the value Of the sta
pie their hands, and general rule are In hurry
e 10 docs rot
the force which most people at the North supposed It
would possess. The war and the blockade have had
wonderful influence In teaching the planters and their
fam lies orcgo and to live within themselves
Rather than lose any considerable percentage their
tnuing while longer to clohe themselves the coarse
fabrics woven on their own plantations, and to use, in
stead Of coffee the pnFhed Okla a. seed with
consideration that renders them reluctant to sell their
cotton present is tho doubt that prevails universally
among Thorn whether another full cotton crop ever
be raisd, that negro slavery is thing Of the past
Should their apprehensions in this respect prove well
must yield them fabulous prices Therefore many of
them haze resolved not to sell until the problem Of free
black labor u fully solved.
SPECIE DEMANDED PAYMENT.
Undismayed, however, BY the cold reception which
they encounter in most cases. the agents Of cottonbu
indus.riousy At work. Scarcely had the clash OF
ceased esound through the land before they found
price generally offered BY them for the ordinary grades
Of upland cotton they assuming the payment Of the
United States tax Of twenty-five per cent? has been nf
teen cents In grecnbacks ten cents In gold So pro-
found has the reverence for hard money become during
the war; and slender is tho faith Of the Southern peo
If kfrAf thai 6avn k.o-I
Of q single instance where purchase effected In
which the seller did not choose the cents in gold In
at the time the premium ON gold in the Charleston mar
kct only twenty-five per cent There can be little
doubt that the great advantage 70 which specie can be
open demand for gold, and one Of 30 extensive
character TO materially affect the price OF the commo
fHE nTLE TO THE PuRCHAsABLR COTTON QUESTIONABLE.
The cotton that the travelling agents have far
81 Sch ss nos matter aoyether Sevond onsson
During the twelve months Immediately preceding tho
collapse Of the rebellion the Richmond government
aged TO buy very large quantities Of cotton In all the
States still within It's military CONTROL but more especially
South Carolina and Georgia The cotton thus bought
rebel Treasury Department In some instances it was
paid for In notes Of the Memmnger currency but the
course more generally taken was 70 give the planter
When Grant and Sherman struck their tremendous blows
and the Davis government suddenly ceased exist It's
houses Of those from whom il had been bought 1t
this cotton that the agents have found least difficulty
INTO WSs u os ssa
than anybody clses since they had received no valu
able consideration In the sale which had taken pac,
yet conscious that their own interest In the cotton had
becn formally disposed Of and apprehensive that the
United States military authorities might any time
robel government they willing and anxious TO ind
purchaser who would remove II from their premises ut
Msnwhs they uns With greater ss snsc than
THE REPAiRs ON THE RAILROADS
Of the State (which have been turned To their
gress but slowly The lack OF energy displayed In this
has Charleston tho loss Of much Of the per-
chants in lingering the cotton Of the State which passed
through their hands. Nearly the whole OF the cotton
sold from tho western section Of the State has been
wagoned TO the Savannah river down which IL has
becn transported in natboats carrying nom sixty
TO seventy bales at q load, 70 Augusta whence
from parties engaged in the work that II viii be two
months hence before raj. Dad communication will be
complete between Charleston and Columbia while on
The railroad destruction accomplished by Shermans
was most thorough; the rails have generally been
and the material TO replace them is not at hand II
has yet 70 be bought and 10 be bought too with money
still 10 DO borrowed Of Northern capitalists
BRITISH BLOCKADE RUNNERS LARGE COTTON HoLDxRs
One OF the largest holders Of southern cotton just now
II report speaks truly is the great English blockade rum
ming firm OF Collie 10. Their operations during the
blockade Of most extensive character and their
profits, Of course, enormous. hear that they now
hold, chiefly in Georgia. no less than twenty thousand
bales.
Tho removal by President johnson Of tax Of twenty
Eve per cotton has given great and general salts
faction here II directly Indirectly benefits all casscs
OF II will enable the cotton buyers put their
offers at much more tempting figure
IrrxUsB HEAT AT CNcNNAn-FArAL CAsB or Sun
srRoKH-The morning Of the Fourth witnessed COM
plete chang" In the weather Up TO that time We had
enjoyed several days Of delightfully."- cool temperature;
but true 10 the inexble rule Of hot Fourth the at
moephere closed in upon with intense succating
heat, that ut time Tuesday the mercury al
most touched one hundred In the shade The effect Of
this terrible heat, which relieved by scarcely
breath Of air. was very unfortunate upon many OF the
hundreds Of thousands who exposed 10 the sun In
the streets upon the Fourth We presume that there
at least hundred persons Frustrated 70 the ground
during the day by sunsroke In the Eighth street park
lbo NJ