The day book. [volume] (Norfolk, Va.) 1857-1867, 1866-06-14
rho stock OF. Cotton in Liverpool-Its
Probable Effects o er

o.-;,o m the stock of cotton already in
,:N-or,ool and the amount IN tGnsiM at sea
n Ia bonnd for that port; the inquiry has been
an :o.;trted where are the markets for the next
.9oorcan cotton crop to be sought? 1t may
a. aA hat such an interrogatory is prompted to
w extent by the desire, which has been
Evidently prevalent at the South in certain
:nanential quarters, to induce the establish
'aont Of cotton factories, as solution, not
onlv Of the above question, hut, as applicable
~ Tho changed condition in the labor system
and prospects of the planter, (which have been
hrorcht about by the recent war. To urge
40 establishment of cotton factories at the
9Th is an evidence Of wisdom, and an ac-
Ino,yedgnent Of The ruinous policy which
has heretofore obtained in the South; the pol
;or we mean. which restricted her vast pow
ls and resources to the comparatively exclu-
S;ve subject of agriculture, and surrendered
the more lucrative and more rapidly wealth
creating pursuits of manufactures and COM
merce. 7.45o,,.sss., 81 -, ID
The war however, is forcing the southern
mind to consideration of the vast advanta-
pes the South would possess over all other re-
gions as a manufacturer of the raw material
which she produces, and the manufacture Of
which has made England come to be called
the workshop of the world, and contributed
LARGELY to the wealth of the New Eng land and
other Northern States The South has been
content to produce the elements of the wealth
Of other communities, which they have
seized with avidity and manipulated very
wisely to their own ACKNOWLEDGEMENT. She
has neglected manufactures and commerce,
content with restricting herself to the COM
paratiyely sole occupation of agriculture
They, while ayaing themselves of the bene-
fits of agriculture, the peculiar province of
the South, which they have manipulated to
their own advantage, have likewise grasped
hold of the elements of wealth, which they
had the sagacity to perceive, resided in the
wealth producing, refining and civlizing pur-
suits of manufactures and commerce. In
waking up the southern planter to realiza-
ton Of these facts, and stimulating the people
Of the South to just appreciation of the
commanding position they should occupy in
embarking III the manufacture of the great
staple which has formed so important an ele-
ment in the prosperity Of the country, the
war certainly has its,advantageous side, and
in a materialstc view is not without its
benefits.
By bringing together the plough, the loom
and the anvil, she will come to realize one of
the soundest tru his of political economy,
which, il promptly embraced and vigorously
and energetically practiced, will result in that
prosperity which She had, as it were, refused
to'accept and enjoy, by neglecting to avail
herself of the natural and commercial advan-
tages which were within her grasp, by foster
ing within her own borders the employment
Off portion Of her labor and capital in the
great wealth producing occupation of home
manufacture. Nor need she restrict herself
to the one subject Of cotton. The brooms,
the brushes, the tubs, the buckets, the farm
ing implements, the machinery, the ship
building, and in fine, the entire ramifcaton
Corporations in which the skill, the ingenui-
ty, the labor and the capital of man are ex-
erted present to her an ample and remunera-
tive field in which she is free to roam at large
and lind ample demand for the exercise of all
the faculties she may possess.