Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1869-12-25

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Low Mid ling 23rg9E S.5
blildiing ....,..... 3A92H - G-J.
STRIFE Mlddling -... . ~ -sH
Cotton receipts at all ports in
1859 to date, lG,773,76 excess over
1868, 206,357; exports TO foreign
ports, 5j3,l07; excess over 1868.
1880; exports coastwise, 2j2. 779
excess over 1868, 5l,OlO; stock on
hand, 307j402 excess, SLIPS.
The latest adviccs from India are
of more than ordinary interest.
kilograms from Calcutta ofthe 10Th
inst. report the cotton market &C.
tive at advancing prices, large de-
mand for China" For some weeks
past VIC have had vague reports Of
a failure in the China crop of cot
ton. We have not been able to oh.
tain any definite or reliable infor-
nation on this subject, but tho
above advices from Calcutta, and
the large business now doing in
Manchester in goods for the China
markets, seem to confirm the re.
ports. The Calcutta quotations for
old fair Bengal 7Ad, cost and
freight.
Alexandria circulars Of the 18th
inst. report the new Egyptian crop as
coming forward freely, but that the
deficiency in the staple daily be.
comes more apparent. kilograms
of the 18th quote fair" at l27Sd.,
cost and freight.
We have no material changes to
note in quotations for provi.
sions, &c.
The telegraph reports the latest
quotations.
The New Orleans Times devo'es
considerable space 10 the subject Of
advances by merchants aud banks
to the planter, and its effect Oh Ia
Dor. A correspondent of that pa
per 81! aGya g 10 The planter has
an cilcc, TO create competition in
labor to such an extent t"at the
price thereof il di4proportionateiy
high, while the amount OF praduc.
ton is decreased aud the price
thcreofincrcased.
This correspondent contends
there Is money enough in the in
terror for all necessary purpose,
without supplies being sent from
the cities, lie believes that no ne.
ccs,ity exists for advances next
year; and That there l. plenty of
money IN the country to carry Oh
its planting operations. Il may not
b. rs generally distributed q. the
improvidGnt aud idle or graSping
would wish, but there is no qucs-
ton Us 10 l;s existence. Aud all Of
tho money in TIC country will be
employed in planting, provided
commission merchants DO not, by
their advances, get up M unhealthy
and damaging competition for Ia
Dor, which would render the busl-
ness nnremumerntiyc.
The Time, disagrees with the
above, and believes the supply of
labor can he increased by Competi-
ton. The Times says:
We have the soil what we want
Is capital and labor TO develop It's
riches. The misfortune of New
Orleans Is that she has not capital
enough to advance TO the planters
to enable them 10 add to the supply
of labor. la fact, we require CAPT
tai and laborers more, even than
additional planters. There are al
more OF the latter iu the
country than sufficient TO employ
all the available labor, and more
laborcrs would enable many who
are now making q bare subsistence
to accumulate a large surplus an
nually, and still further increase
production every succeeding year.
Hence we believe that, with cap
ital at our command, to leave the
planters to their present unaided
resources, would be egregious fol-
ly. The planter must have the
means not only to purchase ami
mails, build fences, procure agrlcul-
tural implements, aud erect GIN
houses and sugar.houses, 10 enable
him 10 use the labor ut his CON-
mand for the cultivation Of invit-
Ing soil, but he must have the
means OF furnishing food and cloth
Ing TO his laborers, and cash to pay
them wages, during the many long
months spent in cultivating his
crop before it can be marketed
and Ihen he must have, in addition,
stufCs and ties to make II
ready for shipment. All this re-
luires capital.
The country will never grow
rich by being left to the unaided
resources Of its present planters
md laborers. But every intelligent
should devote all his ener-
,ics and resources to obtaining the
means of stimulating industry, in
,reasing the supply of labor and
developing the wealth of our un-
cultivated fields.
1t is evident that additional CAPT
al woull enable the planter TO
branch out" and cultivate more
and with increased labor, thus
making an increased crop. True,
here would be created n competi-
ion in labor, but that very compe-
ition would create q need which
Immigration would attempt to sup
,ly. The continual coming OF i'm
Migrants to our State and city,
which is such al every day occur
'ence now, Is the effect Of the de-