The national Republican. [volume] (Washington City [D.C.]) 1866-1870, 1868-05-01
is coTroN TO BE ENTHRoNED

now, that the prospect looms up oeiole US
of the speedy Reconstruction OF the Southern
States, and their admission to the Union, this
question, viewed in this light and considered
with reference TO existing demands for the
same material, 10 becoming one of deep inter-
est, both to commerce and manufactures. It
10 not necessary to conclude that cotton will
again be king; but It Is well to note some facts
relative to Its production, and the demands for
1t which present indications foreshadow.
1t now seems to be conceded that the cot.
ton raised In India, under the patronage OF
the English Government, Is of a much inferior
quality to that raised in the United States;
and 1t is also known that tho consequent result
Of the efforts made there to produce cotton has
reduced in large degree the production Of the
cereals and those articles which constitute the
food Of the natives, so that the people In the
East are on the eve Of faminej indeed, actual
starvation has already commenced there on
aeoount of the scarcity OF food.
iwhst will England dol Her cotton manu.
factories must be kept going, or bread riots
must trouble her at home. In this condition
OF affairs she must look to Ameries or else
where for the raw material VIII she turn
her attention to Abysslnisi Having achieved
splendid victory over that country, will she,
In order to obtain "indemnity for the past and
security for the future,n demand the lsrser
portion of the dead Theodorus' domini ons,
and turn those broad fields into cotton planta.
tlonsi We shall see. In the meantime, and
before she can bring tho cotton culture to
much account In that region, she must look to
Anerle. for the best staples, and our recon.
structed States m ~ the very next year, pro-
vldel the season Is an average one, produce
four million bilei. The present prises of cot.
ton, AMI the upward tendency of the staple,
which Ia now SO promising, will stimulate our
cotton growers to plant moro acres, and by
wise foresight four millions OF bales may be
raised At least. Such 4 result will go far
towards replacing the crown upon the head of
this king again.
The Providence Journal has some facts upon
the subject OF the cotton trade which are sig.
nifcaht. That paper says
That the cotton trade Is assuming a criti-
cal position, and unless the system of short
time Is resorted to on pretty large scale an
actual exhaustion of suppiyappears imminent
The price has about doubled since the begin.
ming OF last winter, but this has aot checked
consumption, nor will II while the price con-
tinuea to advance, which makes manufactur-
Ing profitable. At the present time nearlyall the
mills In this country and England are running
on full time, Notwithstanding all that is said
about the general dullness Of trade, and, what
Is stranger still, there Is no excessive accumu-
lation OF goods either here or across the water.
The consumption OF the raw staple and the
production OF Manufactured goods Is consider
ably above the rate Of last year and this state
OF thiags promises to continue without regard
TO the future of the cotton market. The
aggregate amount OF cotton In Liverpool, in
CnIted States ports, and at sea for Liverpool
Is set down at only l,o590oo bales, against
ISIS ITO bales the same time last year, but this
does not take into account the stock in the
hands OF manufacturers, which is probably
pretty well cleaned out last year, and 1t is ap-
pretended that the supply will run short this
year unless the rate OF consumption Is materi-
ally decreased.