The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1868-11-22
Cotton Again King.

Cotton Again King.
Last year the Liverpool gentlemen had it
all their own way. 1t was well that they
took the utmost possible advantage of the
position, as it will probably prove their last
chance for some years from that time. The
South last year was obliged to sell at any
sacrifice. The people were then absolute
ly on the verge of starvation and without
any means Of getting supplies except by
the sale of their cotton. It had to be forced
on the market, and purchasers, knowing
the sore need Of an impoverished people,
took advantage of it. Liverpool did not
want any cotton just then, and factors were
obliged to sell at any price they could get.
Our liberal English friends find the situa-
ton marvelously changed this season. For
the first time In the history Of the South,
the planter is an independent man. No. !
body would trust him he has raised much
of his own provisions; he is, therefore, to
great extent, free from the ruinous me-
cessity of selling his cotton Immediately.
Lancashire can no longer trade on his huY-
ger.
We shall therefore see a contest as to
who can hold out the longest. The supply
in England and on the continent is very linn
tied. There have been extensive failures in
foreign crops. American cotton has the scep-
tire again within it's reach. Nature gives US
an easy victory through the superior quality
and certainty of our crop. 1t IS to be hoped
that the South will profit by its hardearn-
ed experience, and gather all the fruits to
which such victory entities her.
we have learned to raise more provisions
and less cotton. From this policy come
two results-frst, the planter is not forced
to sell either to meet debts, or to purchase
supplies. He can, therefore, hold on to his
cotton in the face of a sluggish market.
demand, and his smaller crop sells for as
much as would large one, while the pro-
visions secured are a clear gain.
1t will not take long for this state of
things to produce marked effect Capital
will accumulate at the South with an abun-
dance never thought of before. Business
of every kind, not only in the cities, but
throughout the country must feel the
stimulus, and the South must take that
fluence to which her extraordinary facili-
y ties naturally entitle her.
= 1t is sincerely to be hoped, then, that our
), planters will hold back their present crop
, to the utmost of their power. Let them
!, teach tile manufacturer once for all that he
:, can no longer calculate upon the necessities
:, of the producer for getting his supply at
panic prices. Let them convince the COM
mereit.f world of a fact which it has made
~ n mighty effort to ignore, that the cotton OF
> the Southern States is really its king
e Though such q course would naturally
i. check activity in this city for short time,
i, yet it would soon result in a general and
q. permanent Improvement. With n little as
:, sistance from merchants, factors and banks,
>. the planters can be enabled to hold out sue
j. cess fully until such time as the consumer
g. will he obliged to send into our midst tile
full value to which the South Is justly
be entitled for her unrivaled production.
''s ANGLICAN Doctors DIsAGREE.-A rather
he bitter controversy has for some time been
nc carried on between two eminent luminarle:
si' of the Episcopal Church respecting poin
ne of historical accuracy. The London UNI
Gu uerse thus alludes to the dispute:
Gu The Irish Protestants seem to be divide'
he into two sections: One party, under 1n
he guidance of DR.. Todd, of Trinity College
~ maintains that Ireland was always PrC
W testant country, and that even ST. Patre
the himself was Protestant. At the IT'S
Church Congress, Lord Oranmore sts s
that, at the time of the " Reformation
the Irish Bishops, with only two exceptions
had conformed to the religion of the glo!
~. rious Queen Bess. In consequence OF tn
Tie statement, DIR. Brady, n Protestant clerg!