The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-05-16

been made in the manufacture of
yarns and fabrics from India cotton,
SO that eminent manufacturers, who
thought formerly that they could only
use American in making their stan
dard fabrics, have found that mix
ture of four-tiftls India and one-tifth
American, or even nine e-tenths India
and one-tenth American, produced
the requisite quality; at least, so it is
stated on authority which your Com
mittec are forced to respect without
being competent to endorse it.
FyM-That the expenses in the
United States of producing, trans
porting and selling ut the ports, ex-
elusive of tax, must be estimated this
year at not less than thirteen cents
per pound, in case Of yield Of
$500, 600 bales, and about two cents
more if the yield is less
1t is sometimes said, but very in
considerably, that the cultivation of
cotton in India and Egypt has been a
failure. Let us examine this up to
the present time, and give the latest
possible light upon the question.
The average imports into Liver
pool, from the lst Of January to the
2Oth of April. have been rs follows,
in bales:
For years. india. Egyr, Brazil.
1859 to 1861. 1l6.0 600 1000 10000
1862 to 1861. 19S,00O $4,000 151 900
For two wears
1864 and 1865 90, 900 lI4,OOO $4,000
Quantity known ton the Goth of
April, ut Liverpool to be at sea for
England from India, Gn balcs:)
On the Goth April each year:
1866. 545, 600 bales. 1868 lss, 900 bales.
1868. 305, 900 bales. 1862 lS4 900 bales.
1864. 24S, 600 bales.
Stock of all kinds of cotton in Lii
verpool on 10th April each year:
1866. .G20, 900 bales. 1863 2o3, 900 bales.
1863. 575,O 600 bales. 1852 ~, 900 bales
1864 .472, 600 bales.
Average twelve months imports
into Great Britain in ten years, from
lS43 to 1852. inclusive, (bales:)
INDIA. Egypt. Brazil.
214,OO 10000 l2O 600
Same day, 1868:
1,2G7,oO0 :;34, 900 $40. 900
The above tables show that the
production of cotton has been an
eminent success i'll India, Egypt and
Brazil III quantity; and whatever may
be said to the contrary, the quality
even OF Indian cotton is good enough
to drag down the price Of our own
growth, as happened in Liverpool
last month, to the extent of sixpence
sterling per pound equal to Is or
l6 cents OF our money-in less than
six weeks.
The natural course seems now to
he for cotton to perhaps
very slowly, and by fits and starts :
until it reaches half its present value,
If the growths of 1866 and 1867 are
prolific; and it is equally natural to
suppose our planters must make two
successive crops, each of 5000, 600 or
1000. 600 bales, and sell them ut very
low prices. before the cultivation in
the Bombay district Will be materially
curtailcd.
The prospective 'i.ultics of the
American planter, g.. J.. without any
tax on cotton, are great; probably
greater than he supposcs, rs, both in
the North and South, there are still
lurking IDEAS that 'Am,rican cotton
is king. For if he sec ares a large
crop, he is sure to meet Il low price ::
while, if his crop is short, and his
earnings, therefore, small, the cult
vatlOn in other countries will conf
nue. to increase.
Yet. at this very time. when he is
struggling for existence. q tax Of five
cents per pound is proposed: which,
being practically an export duty, is
equivalent to charging him with that
amount for the purpose of paying it
over to the cultivation of India,
Egypt and Brazil And still it is ex
pected he IS to compete successfully
with those growers. Om kno Wedge
OF the proposition is mainly derived
from the sketch OF IL bill for amend
ing the Internal Revenue Act pub
llshed some days ago in our papers.
We deem it reasonable to suppose
that If 1t was first suggested when cot
ton was worth fifty cents, and cy-
pected by some persons to he sixty or
seventy cents per pound this summer.
while the present average value ut
the ports of the United States is q
little more than thirty cents, and if it