New-York tribune., 1869-06-02
COTTON.

The World suggests land we heartily concur)
that the extension of the Cotton culture still
in progress in the Old World is just what we
should have expected; for
at ought to have been forcseen from the beginning
that foreigners would be thoroughly alive to their own
which they suffered by the stoPpage OF the cotton supply
during our civil war TadS rcd;oV9 . ss,,,c
OF so great an er We ought 10 have known, without
waiting for s pS5S Ssp 70 It. Be- % nhs nsy @
Of supply for the raw material OF 80 important an
industry"
That is sound and thoughtful statesman
ship. No matter though they might get their
Cotton o half-penny per pound cheaper by
cOnsenting to abe dependent upon single
source of supply" they had the foresight to
decline so hazardous a course. The idea is not
original with The World, but is better than
those it usually borrows, and from higher
source. It may be found more clearly expressed
in President Madison's Message of Nov. 8, 1Sll'
where, in view of the precarious state of our
foreign relations, that wary and sagacious states
man says:
Although other subjects will press moro Immediately
on your deliberations. portion cannot but 90 wen pc
stowed ON the lust and sound policy OF securing TO our
manufactures the they have attained ana are
stll attaining, in some degree, under the Impulse OF
extent of which it's at present abridged by the unequal
regulations Of foreign Governments besides tne reasOn
ableness OF saving our manufactures from sacrnces
which q change OF circumstances might bring upon
them the national interest requires that with respect 70
such articles at least belong TO defense and our
primary wants. should not be left in unnecessary de-
pendence on external supplies
The World proceeds to blame the Republicans
for the Southern disquet and anarchy of the
last four years they having got themselves
butchered in Convention at NewOrleans and
in sundry other places IN a most injurious and
disreputable fashion. If they had only let two
or three hundred thousand of their number be
killed and the residue enslaved without making
any fuss about it, we might have grown great
deal more Cotton, and thus by selling it cheaper,
have discouraged its production abroad Thus
we should have long since resumed Specie Pay
ments, of which The World says:
at required TO he kept steadily in yew not as thing
TO be speedily achieved but the chief end toward
directed The prime condition OF It's attainment-the
Fundamental preminary-was revival OF the export
against us in our foreign trade our great staple export
Is cotton the demand for which, unlike tho foreign do
mand for other products OF our agriculture, does not
depend upon the Auctuating harvests OF Europe II We
could mOnOpoze the market as we did before the war
COTTON DER annt IA we did before the war, financial
condition would be comparatively secure"
If exporting $1OOOOO,0OO worth of Cotton
per annum would bring us to Specie Payments,
we ought surely to have reached that goal
already. Our exports of last years crop can
not have fallen much short of Two Millions Of
bales of 400 pounds each, worth over 800 per
bale in our currency, and not less than
$50, 5000 in gold. SO The World may be
happy in knowing that we are q good deal
richer than it imagined.
Our contemporary proceeds;
aWth this main reliance 10 giyS HteadincRs 10 our
exports we could stand the variations iu tho foreign
demand for grain the deficiencies Of some years being
compensated by the extra demand OF Others aud the
oscillations beiug greater than the ordinary gold
reserves I'm banks would suffice 10 imeet without
derangng tho currency"
THE TRIBUNE is not OveIjoyed with such n
prospect for American grain growers-this year,
n market; next year, none the next half a
market and so on in perpetual see-saw. We
prefer the prospect opened by Gen. Jackson,
when he wrote DIR. Coleman that, If six humid
| red thousand of countrymcn were with
| drawn from Agriculture and employed in Man
ufactures they would create better market for
our Agricultural staples than all Europe then
] afforded us. We think he was eminently
| right and wish he had not soon after fallen
into the tolls of the Slavery Propaganda,
whereby be was served as our old Protection
ist cronies, Mllard Fillmore, James Brooks,
and William B. Reed have since been. Forcibly
moralizcs Sampson Brass, Attorney, "This is a
"world that has lunar influences, and revolu-
"tions on its axis, and comes various games
"of that sOrt.n