The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1868-02-05

and papers, it will be seen that as
! they have held their own against
Us so far, they will be likely to
continue it.
The average rates Of Egyptian
cotton at Liverpool were, in 1860,
Sd. per fb.:. in 1861, 3d.; 1862, 15a;
/ 1858, 223d; 1854, 27d; On, the 9th
October, 1865, 2osd; on the Sd
October, 1866, LID; on Sd October
1867, 81, and on the same day,
New Orleans Middling had gone
down to 81 d from it's average at
29d, in the year 1864.
As with Egyptian, so with In
dia and Brazil Cottons; they duc-
tuated in price. They rose in pro-
portion to their intrinsic value,
| and fell accordingly. Neyerthe-
less, we have returned again to the
cultivation of cotton; they hold
the ground which they have
gained in the marts of Europe
Nor is there any. probability that,
under existing circumstances, no
matter what turn of affairs, inter
natrevenae off.or on, that the cot
ton States can dislodge them and
occupy their old supremacy. "The:
wheel has been broken at the els
tern" 1t was prices that gave
them the advantage, and which
they can maintain and nothing
but prices can take it from them.
The question must be then, who
can raise it cheapest? We already
see that q low rate has not affected
them. The cotton crop Of 1860
was 4, 1863, TO bales; the share Of
the United States in the British
imports was got per cent, During
that year American Cotton aver
aged 81 C.: they had not >beea 50 !
win the fve preceding years.
s1nN hes1ast twelve mouths the
auaouBt of cotton, imported into
the English ports from the United
States, has net gone above 10 per
cent, Ii. :act has Scarcely exceeded
81 per cent Of the English supply,
although it has been declining
from l5'to SD per IT,. Now, can
We afford to raise cottonas it stood
1860, 6kd. IftAis cannot be done,
it is apparent to the dallest ealcu-
lator, the limit Of its market in
Europe is fixed to about one half,
aye less-of the proportion it for
nerly held to the other cottons Of
the world.
The cotton growers here. the in:
telligsnt ones, know that, when
cotton is bringing say SID. or ia
cents,in, Liverpool, the nett yield
to. the grower is about IL cents.
At no time previous to the war
could cotton be raised without &C
tual loss, at 6 cents per pound. If
so, with all the advantages afford
ed by the institution Ct slavery,we
honestly ask, the nod%iing, know
ing ones, if it can be raised for less
than IL cents now or hereafter:
without loss2
During the existence of slavery,
forty dollars a year. and in hun
dred's of instances, thirty dollars
would cover all the expenses of a
field slave laborer. Even this low
rate of expense was lessened BY |
the value of his increase which |
not only replaced the capital sunk
by his death, but went far tc pay |
all the expenses of his mainte-
nance during life. If he left but
two descendants behind him, cne
to replace himself, and the other
one. if worth $1,000 over and
above the cost Of raising him,
twenty years or more Of the ex-
pense he had been to his owner
was repaid. The slave system up
one side and ;!own the other, was a
system of work without wages
and work very nearly in many,
many cases, free Of cost to the
owner.
The institution Of slavery has
gone by the board. And with it
all the advantages connected there
with. With it's destruction the
wants and needs of the laborer
have increased. Consequently his