The tri-weekly news. [volume] (Winnsboro, S.C.) 1865-1876, 1866-11-08

port. and unlimited supply Of labor, have
been able to surpass and nearly drive away
all competitors, and to produce good arti
Gle cheaper than any other country.
Speaking roughly. we may say that before
the war we only bought Indian cotton be.
cause 1t was cheaper than Orleans, and
Egyptian or Brazil because we wanted that
special quality forspeoial purposes, and be-
cause the United States could NO. send us
quite as much as We required. But negro
labor IN the cotton States will be neither "a
cheap; as abundant, nor as reliably at com.
mond as 1t used to be; probably wears NAV
elapse before the American crop attains ;ts
former dimensions, and 1t can never, in all
likelihood, be grown at it's former cost. We
must, perhaps, never look-certainly not
for long periodic have middling Orleans
sold in Liverpool, AZ IL has been, at id. per
pound, with handsome profit on the trans.
action.
But We have no idea that either Egypt or
India will at any time be able to grow cotton
as successfully or economically as the Uni
ted States, and the result which oil oonsid.
eratioGs point to as tho most probable we
aPpreRend to be this The American supply
wili' Year rBy year. constitute larger por.
ton OF our total Importation, de- in former
times but there win still reHait conside.
rable margin Of deficit, which must be sup
plied rom the old Sources; and as prices
VIII femain permanently higherj this mar
gin viii he relatively higher than IL used to
be, 6ince It is evident that India viii be able
and Will be induced to send US 4 greater
number Of bales when the avarage price Of
Surat is Sd. than when it was Sd. Or 4d Der
pound. There will, moreover; probably al.
ways be soils and districts, boiS in Egypt,
Brazil and Hindostan, on which cotton
crop will pay Pstssr than any, other, even If
do not yield as large profit as is reaped
BY the American producer. Il is DANGEROUS
to prophecy in such matters but as far as
the data of the past are guide to the fu.
ture, We shall probably Not be for wrong II
We prognostioate that, iR the course of two
or three years we shah have settled down
into position of Affairs in Which the United
States will furnish about IS or. go per cent
Of our consuS,pti6h, while prices viii ranpo
somewhere about Oh. or lOd per pound for
oIieaas. aEs Cd. pound ftt middling su-
Mcanwhifs, il is matter for sincere CON.
graduation that our crisis of manufacturing
distress is past; that ell factories are again
fully at work and likely to remain DO and
that the whole Of our OPERATIVE population
is oncehore employed, end employed at
even Liehsr wages than heretofore. Il is
gratifying, too, to recollett that dnriug the
four calamitohs years thXt we had to en-.
counter, whef nearly tillion Of people
were more or less dependent upon ,.charita-
BILE aid not fsingle person is Known to
have perished from wGnt; aud THAI we ira.
versed aprotraoted pefiod of unparalleled in.
dustrial disorganizalioA with less permanent
mischief of either moral or social charao.
ter than any one believed possible. There
was widespread ruin among capitalists ;
there was sad impoverishmeit and bitter
distress among the laboring poor; there
was Severe pressure Of many sorts among all
olassess but through the whole period there
was s6arcely single attempt at riot; there
was little drunkenness and still less crime,
while the feeling between employers ami
employed, though far from perfect, still was
softeued rather than embAtered by the
crisis.