The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-11-23

any larger or more successful planting that year than
left for home use was by much less. Dou6tiess in
the snsceedng III year, cotton planting in India was
fully remunerative prices to the producers and for
It's however, safe to assume that there has always
at least in modern 6ays) been latent capacity In
and, perhaps. unexpected halt million of bales Of
Client inducement; and an equal capacity TO consume
q home the whole production when At SO low prices
since The recent S9mgletion OF msny hpnired miles
TO the worlds supply OF cotton has been greatly In
IL therefore becomes evident that low prices for
cotton must be antlcipated for considerable period
discouraged by she continued Imposition OF direct
6Is M9 Tee VII De S Sy the
fully believes that the United States will speedily
supply by far the larger portion of the total
In this opinion, moreover, he fnds himself sus-
tanned by what may be regarded the best Author
Of he ned 10 Re R ss
ELEposiIion E Hon, r. +; Nudge Of Massachusetts 70
future supply of cotton especially referred for
The co5cluslon Of the report Of this committee, not
Having carefully observed what has been done aud
s doing by other nations the Committee present the
That eot.OR;gIowIng IN the Southern States, II
fully as against ali competition elsewhere.
That II burdened with tax sufficient 70 be worth
present fever. be successfully prosecuted
ess sa ssssdy s Sny mSE to STG sSPs an G It's
ana PrsccSoie % TO the great body Of the la6oTtng
surplus iabor-that is beyond the necessities
Of crops iST subsistence in the production Of some
thi1g sala6ie and exchangeable, whereby wealth
That the Importance Of large production of cot
tOD as the chief port OF the country In adjusting
balances ofrade and Ichanges and especially In lis
agey held and : be held abroad cannot we'll be
oyersated and so far transcends the value of the pre-
sent tax that to preserve the latter cost losing
he former would be "ha'penny 'orth Of wisdom to
The whole amount Ofinternal revenue derived from
the tax on cotton for the fiscal year ending June
3d. 1857 was s23 69 0sS0 and although this com
pTses nearly all the derived from south.
eLn section Of the country, and constitutes
ali the circumstances the Commissioner has no besits
ton In recommending the immediate passage,by Com
ton and the corresponding existing duty on Imported
cotton-the same TO take effect on its passage.
6as been The FspeSiIng act 'PS Sc
tce 10 those prodncers who may be oyced to sp
their crop forward Immediately. unless the removal
OF the present cotton year, September l. 1856
If repeal of the tax, to take effect Immediately
one contingency Should be- esenay proydea fhs
sgadinss GontEacts 1t S u9dersIOod are proposed
ton TAX unpaid to be held in store nnt the repeating
to the specuator or exporting buyer gain eouiyaleni
to the amount of the tax
should be so worded as to relieve from the payment of
the tax only so much cotton as at the date named 10
having passed out Of the hands OF the producer to
This way can the relief go where il is Intended, VIZ to
the impoverished cutivato-.
,Ion that The ,Committee Of the Com mmissioners Of
6 9 Ras paTS assisted by 3D. a. NPnrse Esq
arranged, series OF samples OF cotton from nearly
coeetie6 tSey p1oE TO the ao~ernme1t With Tnt6e t6e
in sno one of 0 the pSSo ees at nna
tom: In which sugges tion the Special Commissioner
DAVID A. WELLS.
Special Commissioner ReVenue.