New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-03-19

or The cllarge-Not Guilty. =
And does. therefore, acquit him.
u The proceedings and findings in the forego
~ case are approved. The accused is release
rom arrest and restored to duty.
p order Of Msier General E 8; +; s Candy
Assistant Adjutaat General
SArHA ssIaE I Euasas aau,.nt General
AAe Cotton supply from India-Faiiin
Resources.
AT meeting of the Manchester Chamber q
Commerce, January 70, the consideration of th
prospects Of cotton supplies from India was d
eussed. Complaints were made of the apathy
he government respecting India, and the opinio
prevailed that ali that was necessary to obtain
anger supply was to develop the canal and raj
Dad communications IN that country. Mr.. Bagiey
member of parliament, said:
Since the termination of the var with Americ
they had acquired something Of the former degree
Z q the activity that once peryaded the manufac
turing districts. Still, much remained to be done
IN 1850 the consumption of cotton in the unitet
Kingdom amounted to 1900 900 bags during Thu
year. at the period of the greatest distress name
Is62.the consumption had diminished tt
,000, 0ea bags and last year it had gone up Il
1000, 900. flsF 4
Bnt. dt1ring this period there had been very i'm
portant aSdltioas made to the means of CONSUMING
cotton, not only by the spirited determination d
Epinners to repair their old machinery and prenaff
Or better time, but by the spirit of capitalists
Who had invested new capital in new works, tn,
result being that there was at the present moment
ne power to consume much larger quantities 81
cotton than had been known at any other period
and he unprecedented not less than 5, 900 bags
would ne required to supply the trade of the whole
nngdom, when cotton could be had in plenty, and
af the same time at such cheap prices as ruled
previous to The conFulsion of 1860 1t had been
STATED tiat the exports Of America with the re-
ylved trade had been SO large that our public
finances were llaey to be seriously ineonveDienced
~ dIHered altogether from such an estimate.
It Is quite true we had sent something like
20 000. 900 value of British exports to the United
ytates, but in estimating the means of payment BY
2InericR, j seemed to be entirely forgotten that
5merice during the last year sent such ample sup
ssles OF cotton that Tbs value of them would be
little short Of f25,0o0.000. But although this was
enficisnt reason why we need apprehend no dan.
ger from oar u ade with America. there might be
some reason why we should look to our invest.
ments'at home. There had been continually Gre
Ated new Joint stock companies, we had been co.'s
MISUNDERSTANDING to foreign loans, and lie est
mated fairly that the home engagements of the
country last year amounted to little less than
Eae0, 900 .00a. He put 1T to the Chamber whether
we were likely to be in danger from speculative
investments OF that kind or from legitimate trade
Of $40 900 with our friends across the Atlantic
Ihere has been no very important Improvement
the cotton received from India. Larger sup
plies il was true, had been received during tile
years when cotton had been SO much required
INT i must be rec0llected that a part of those
upplies was cotton that had been cruelty taken
rom the Indian home manufacturers, aud that we
had not secured 50 large portion of India's aug
Mented production as we should have received |
y was grieyous to hear that in some instances the
nome manufacturers Of India had nut been sup |
Piled with their raw materials in consequence of |
ne expectations to this country. He felt consi- |
India.
IN 1860 there were here consumed about $500
Bags OF indian cotton per week. Last year the 1
consumption was to the extent of 20 900 bags per
week; but the quality Of cotton was SO inferior
mat the moment abundant supplies from America
oould be obtained, Indian cotton would cease to |
be consumed, and India, which already depended |
upon q great supply Of cotton being sent TO this
eOnntry 1T high prices. would be greatly djsap- |
pointed when they found TINT the supplies and the
prices we're diminished. The time, he feared. was
coming when distress would be brought upon India,
because II would be more to the interests of the
people of this country TO obtain cotton from Amer.
% than India. fl00 100000 already paid was
ample compensation for what we had received,
&nd we had no occasion totrouble ourselves with
consequences as to what might accrue to India,
although it would be much to be deplored IL India
did moi keep up in the race Of competition. I'm |
ess something could be done in the way Of adj |
1inistratye reform III India, there could be no i'm
pf0yemsflt In the cultivation Of cotton.
Something must be done to emancipate the az /
Iicultnrai industry Of India from the thraldom Of
me ollcials. India possessed ample means for
OF India IL about f45 900 900 gross the net amount
Was perhaps from E85 900 900 to f3e 600 000 The
expenses of collection amounted to s3 900 900 |
md M submitted that this sum- deducted from the
gross repsnne, was sum altogether unnecessary.
md It Hpuid be possible to sase as much even a.
- 600 900 out of the expenses OF collection All
VI events, the manufacture Of cotton yarns con,
ributed 10 the revenue Of India about $500 900 !:
hat could be easily abolished and as the cotton |
HadA Haa NiVan {adiN "a tiinU tflrn
benefit W0ud arise to India If coston r0uds ware
whoiIy exempted from duties.
II was to be hoped, therefore, an effort would be
made to repeal the duties upon cotton manuiac.
nres. If there was large trade rapidly rising lii
ndia, where spinning aud manufacturing were
icing conducted, q protection would arise to |
hose manufactures if something did not alter the
PRESENT coalition at things. The whole official
esenue of India required to be fully examined !,
nd economical. Only 429 600 900 was required |
or the real expenditure al the country, and to |
ollect SO 900 ,00o appeared to leave margin |
Aat gave great scope fur financial reforms.
Reproductive works OF aUy kind, which would |
gfeatly contribute to the revenue of India, had I
aade but little progress. True, E50,0D0,o0o had
zen expended Id about three thousand miles OF I
ssnwsy n India bt In America there were thirty
miles. Water for inland navigation and
5rsssgatonwas no doubt, the great wealth Of India.
1Feat Investments ought to be made in the meana
!. heavy goods from the interior TO the
ana water applied 70 the land II was well
Z, the production fourfo. Wher
sssa, a.sA1ion was applied, the quality Of the
.ssson W. vastly nceeasad- of course to the II
s3afesp ondlnG advantages of the arrieulfnrist. /
.nna .snare was also of the highest
Adz,Qsaf' tse EiJis olcs. ~ tas R,ccr D.,
Of ne 3oorabs, aahe Academy Of Musc to ,,,s
2 addition Y the unapproachabe bill Il yaristy
novelties. ~s'1 a. s'1'sss