Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-09-07
Totnl I. t,dr:. 81. 4a8 OOO 81. 4a3 an s2n b

X. 4. l.
Legal tender $685., $4,000 $685., $4,000 100000
Compounds. 0S.S29,OOO 82,329.OOO 25,OO0O0O
Total L. s477, 49s. GOO S447, 498 600 ssOOOOOOO
These are unofficial, but there is every
reason to suppose that the official figures
will show quite as favorably, so far as the
reduction of the legal tender is concerned.
Assuming the figures to be correct, the year
ending Sept 1, 1868, will show the retire
ment of the following sums in legal tender
or call loans on the treasury, counted by
their holders as legal tender
Sept. /, '66. Sept. /. 67 Decrease.
.. S. notes $99 10000 Ss65,iOoooo $4,000
Compounds."l56,OOO,Ooo S2,829,OO0 78,6l,OOO
Total eco. s6O1 100000 s447, Ak, 900 s153, III 900
The reduction of legal tenders, though
not as great as it was the duty of the Sec
rotary to make it, is still large enough to
inspire all prudent banks with caution,
and to keep in their minds the necessity of
shaping their course in harmony with the
movement Of the treasury toward specie.
The following will show the stocks of
Rio coffee held at the various receiving
ports at the latest dates
Phliadelrhia, bags $500
eT York, ,e04
Grand total, bags........ I'LL, 800
The Charleston Courier Of the 31st ult.
speculates in regard to The supply and con-
sumption of cotton for the year beginning
Sept. l, 1866, and ending Aug. 81, 1867, as
follows:
Let us now estimate, approximately, the
supply and consumption of 1867 We
have seen that the receipts at all the ports
to the latest dates are 1878, $50 bales. 1t
is supposed that the
Receipts to Sept. l, 1867, will reach...l 10000
The stock in Liverpool Aug. s, was. 733 ESQ
| Stock in hayre. July IS .-.--.-.-.-.---. $500
| AAoat from Great Britain, Aug 2,
| from East Indies.--...--.........-.--GsS9l6
| From Ameriea---...... 5000 1926
Total ..-.....-.-...-....- ...---.-.. 0.5O5
/ Estimated weekly consumption
| IL Great Britain from Aug. z,
| 1861. TO Jan, /, 1868, 20 weeks,
at 5000 bales per week.. 10000
| stock at Hsvre, July 25--...-. 95,0OO-l O5S 600
| Confning ourselves to the two principal
| seats of consumption, Great Britain
and France, the supply will be in ex-
/ cess OF the consumption, ON the hrst OF
| lcCo JE1FiJJl
The considerations that next present
themselves are: L. The area of land
planted, and, 2. The quality of labor de-
voted to its cultivation.
On the first of these heads our informa-
tion can lead to nothing but eonjectural
results. From the best data it is supposed
that much less quantity of land has been
laid down in cotton than for many years
before the war. There are several substan-
tial reasons for this opinson: l. The gen
eral deficiency Of breadstuffs in the South,
which induced a more extended culture
than usual Of the cereals. 2. The unrelia-
biity Of labor, in greater or less degree,
| in nearly all the cotton districts. The
freedmen have worked much better than
was expected, still, even under the stim-
ulus OF selfinterest, their exertions have
not been commensurate with the demands
of the occasion which, with the diversion
OF their minds to politics and education,
has seriously intsrfered with the general
result, although there have been many in
stances ia which these causes have not OPP
Grated 10 check production.
1t is impossible, except by approxima-
ton, to arrive at any but eonjectnral con-
Z illusions as to the extent 10 which this want
Of reliable labor has operated to diminish
the cotton crop. We presented in preVi-
Gus statement Jan. l, 1885, the probable