The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-09-27


New York will be the clearing house for all
financial transactions.
Cotton Observation-Disclosures TO British Manu-
facturers.
As we have stated England is troubled and
anxious about her future supply of cotton, and
instead of looking to India, Egypt or South
America for cotton lands We would repeat our
suggestion that the best thing England can do
is for her capitalists to make Investments in
the cotton lands of the South, now for sale In
the market at price lower than they have
been since they were entered as government
lands, and lower than they ever will be again.
In Alabama, Florida, Mississippi, Arkansas.
Louisiana and Texas there are some of the best
cotton lands in the world for sale, and IL Eng
lishmen desire cotton of an excellent quality,
at fair price, they will not hesitate to embark
at once in an enterprise that cannot but be
successful Texas has some 1000, 900 acres
Of superior cotton lands, and has the capacity
to produce more bales in one year than have
ever been produced in one season. Alabama
has 5000, 900 acres of good cotton lands, and
results have shown since the war that cotton
is a very profitable crop.
The cotton crop of 1852 was 8, 10000.
bales, and the estimated number of
hands employed in its production was
7s9,5OO. This was only four bales to
each hand Now, with free labor, under an
improved system of cultivation, with deep
ploughing, with the use of guano, and with a
,l,o ooftb o to fho lob
ers, the number of bales to each hand may
be safely estimated at eight, and this will yield
large profit to the planter. We believe the
raising of cotton in the United States is to be
the most remunerative crop the farmer can put
into the soil. A good hand will take care Of
ten acres, and only one bale to the acre, of 4b0
pounds, gives 4, 800 pounds of cotton per hand.
American cotton now sells in Liverpool from
1Oad to led. per pound, gold. At even al
fourteen cents pound the yield per hand to
the farmer is $315-this is allowing the planter
but one half Of the crop.
The number of bales this year is estimated
at 8, 600, 000 and at twenty-five cents pound
the crop of 1869 will be worth, at $50 pounds
to the bale, the sum Of 1887, 500 000--more
than the value OF any cotton crop ever pro-
duced before In the United States. At twenty
cents pound the crop OF this year Is worth
$27O, 200. In 1860 the imports Of cotton
from the United States into Great Britain were
from Egypt 100, 500 bales, from the East Indies
563, 200 bales, from the West Indies $500
bales; total imports into Great Britain in 1860,
1866, 500 bales
During the late war one of the best writer's
in England said ''that the United States could
levy small export duty on cottop for with
out the United States England could not
obtain supply of cotton of such quality as
she needed for her mills" This fact alone
should induce England to look to this country
in the future for her cotton supply. Here the
culture of cotton Is no experiment; 1t is fact,
and with all the appliances Of improved cul-
ture, with free intelligent, interested labor over
slave labor, with its Incidence, carelessness
and waste, there will be no difficulty iu the
planter calculating his product of cotton annu-
ally than there is in the farmer of the East or
the West calculating the product of his pota-
toes, corn or wheat.
To go South to buy cotton land is not going
to country where everything has to be built
up, railroads to be made and rivers to be i'm
proved, in order to get the cotton to market.
The means of communication are already easy
and numerous and new lines Of railroad are
now in the course of construction, 80 as to
make the carriage of freight less expensive
to Galveston, New Orleans, Mobile, 60. In
stead Of going into the far West we would
advise the hardy, intelligent emigrant to go
South to buy land, and fix his home in genial
cline, where his Industry will be rewarded
and where he will be within few hours Of
the best markets of the South, West and East.
"
Pope Plus the Ninth and William Penn.
The Emperor of France, the King of Italy
and the King of Bavaria have hestated for 80
long time in coming to decision as to
whether they will commission special repre-
sentatives to the forthcoming Council in Rome,
as the Catholic governments did in the olden
time that they appear to have lost the chance
of doing so even if inclined. The Papal archl-
tect has been along to st. Peters and exc
cuted professional coup d6tat on those
monarchs The seats indicated in the first