, 1866-05-15
THE PROPOSED DUTY on COTTON.

Important Meeting of the New York
fhanabcr af Commerce Rciuon.
stranee A:h1nAi AnY Increased Tax
C"pCress Ought to Abo3I.Il All Tax
Upon Cation Instead nf1ncFeastnE IL
tfrum The N. Y. Herald. 1ith ,nst-]
a Special meeting Of the Chamber Of Com
merce, A. A. Low, President, in the chair,
vas beld yesterday afternoon, to hear the re-
port Of the committee appointed ut the last
meeting, upon the proposed tax Of I've cents
per pound on cotton.
EIbe chairman ofthe committee, Mr., Maury,
read the report as follows:-
REFoKr OF TIE COMMITTEE.
of tSs
tax y Eone1ess Of Eve cents per pound npon cot
rhct teel that The subject Is one OF vast interest
OF Rttn nn',onat ccucsrn. and especially worthy Of
consideration IN v1ew Of The poiircal stare OF the
,,x II afev ths IN an com
.eaeeply tell aud sdop- a. she sentiment of thls
eommn11'y: .hat any es1or y committed IN our
ihe tiae ot 1evsaty. II it is is nesesea9y - ~
70 exclude representatives Of tho Southern slatea
es sMne q Of he essut sa2 81 as
tuse* to be Adopted affecting The industries Of a
lare secti.n and Of ndnerous people, these meas
liy, which will take the tuns from tne dccla.atlon
That tasesion without representation j. ifraani-
cal: II shonld appear In af cr years.. whoa pros
YER tfy and 1ate1nal relations are again restored IN
End out Of concrcss thai, in the days Of her weak
he.s. the North and Wesi utd nor take undue adj
Industry and imposing burthens 100 heavy 10 be
borne; int, en- The contrary, that spirit Of mag
rantml'J r9'eG in the councils Of tbs natinu, dfs-
people Of The south, thus to nd IN restoring them
IRON etste Of Neak1cse 10 condition Of strength.
These are the views that animate your Commit
Ter ehou,d urgc npon Congress. as Of most import
ancc n considering the amouut OF internal revenue
tax 10 e* 1eyte upon raw co!lon- I hey nre deepy
rlcht minded men arc, thai lie cuiisa,,oa q Cotton
should DC encouraged BY all proper 1nean., and
should net be dt:coaraeed By onerous taxation.
rcasons which iu rher Judgment, are conclusive
aca1n.t an1y Of dse cents per pound on the great
FTTsf-Jhat The cotton interests in India, Brazil
and EGYPT. have accumulated large capttals from
nc high ptiefs q he las1 insee yesr:, while our
AtcoR1.-1t at nothing has yet occurred TO a.re.t
ne extension of cotton production in these coun.
tr1ea. and nothing will arre.t short Of matet1al
nnd permanent dccIfne IN pr1ccs hereafter
1AjTns-That In the last five years rai!soads hare
hccu opening the traffic tn India. and otaer mrans
Q! transportation hase been improved sud as The
1no1sn d0sefnmept Enntuntecs an ANIMAL dividend
el mol le: than a'e pr cen. to railway sockhold
AIE4GAGI lucy aIE lEeIY 10 l8Y,
fourth, That duE1, The four yeass' famine of
limited states cot,on In Europe great improvement.
Aase been made In the Manufacture Of yarns ard
ian'c' rom tEdia cotton. 70 that eminent mauu.
factafeff. who though, Formerly that they could
ouly use American Ia making their ttapdard fsb-
1lcs, haSe found tost mixture Of fuurdilhs india
an1 one.hfb, American. or eyeo nine-ienths Indta
und On one'cn'h Amettcan produced the requl.lte
5onr committee sze forced TO respect witho1t beipr
coMpeten, 10 endorse II.
FfM-1tat The expenses IN the United States OF
exclusive Of tsx, must be eemated this year ii moi
less than hittetn cent per pound In caee Of y1td
OF tao and half million oil bale., aud abous two
ce3iE more II the yield Is less.
II 1. sometimes said, hut very ineous,deratety.
mai the 1i!a:1on nt Cotton In 1ndia and Egypt
has been failure. Let us examine this up 10 ihe
time. and gise The Latest possible light npon the |
The sytrsgr imports INTO Liverpool. nom the lit
Of JaDnsy 70 soth april, nsrc been ii ioliosa, in
e! - |s!ss Ss:- !ss; ss sss e;s5'' s5
1els. 10 1sGi-..-.. ...l9aoo0 $4,000 5i,oo0
Quant, 4 own ion 10th April, at iivcrponD to be |
At sea ioE England ttom India IN balesc-
1stS 3sSs ts 499 1sss..
isSa iisssS;aa...sss;ss'oSS s'o i''s''
>'ock Of al kinds Of cotton in Liverpool On April |
II each year:
Bales. Balet.
1866 ...... ~. SIS 600 1861. .42sW0
1851. ..:..;.s.:E7smo "
afn In TIN yea1:
From 1888 TO tsse, inclusive $4,000 50o0o ls0,0o0
S.me Day. 1ee5. SILL 900 3f0,000
d, T. .se :, ~ eminent succers ia India. Ecypt
"a =. '.,.. i'!v: and wh4tsv-r may be said |