Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-09-22
THE OF CorroS.

There is trouble among the cot
ton spinners of England. They are
perploxed as to whonco they are to
draw their future supplies of cetton.
Their business continues to suffer
severely from the scarcity and high
price of cotton and the relatively |
low price of goods. They held
large meeting in Manchester IN the
early part Of last week for tho pur-
pose of devising some means where
by the trade may be placed upon
better footing, and the leading En-
glish journals continue to devote
considerable attention to the same
Question. The London Times thinks
there is but one way for the Lam
cashire manufacturers to meet the
exigency, and that is to employO a
portion of their capital in co-oper-
alive cotton planting in British 4ns
dia. Bat the spinners evil
IDENTIFY have little faith in OBJ
tanning adequat e supplies from that
source. The New York Shipping
and Commercial List says: "The
events of the last few years have
strengthened the conviction of. sa
gacious observers that the South is
destined in the future, as in the
past, TO be the great source of the
worlds supply of this essential al
ticle, since there is scarcely a limit
to its production in that field, under
a liberal application of capital and
an adequate supply of labor, which,
it may be taken for granted, will
be found somewhere. In view OF
the constantly tightening hold
which cotton has upon commerce,
there is everywhere a manifest DIS
position to make a concerted and
determined effort to recover the
ground which was lost during the
rebellion. There are several impor-
tant elements in this pro blemt
which constitute strong incentive
| to the rehabilitation of the great
staple. A full cotton crop is very
generally conceded to be an abso'
Lutte essential in equalizing the for
eign exchanges, without a resort tt
gold it is also necessary as {
means ofplacing the American ship
ping interest on its proper footing
and to enable the country to restore
and maintain specie payments
And in reviving the productive
energies of the South, no surer O.
speedier way can be found for com
posing all existing differences
securing permanent peace ant
harmony and restoring prosperity
throughout the whole country
We are glad to be able to state, Oh
the authority ofso reliable a jour
nal as the Commercial Bulletin, o
| New Orleans, that the waste
of war are gradually and sure
ly repairing Railroads will sooi
be traversing the South il
every direction, leaving nc
productive region, however
interior or remote, without speedy
access to market; and, eventually
the needful labor, attracted by as
surances of profit, and facilitated b.
abundant and rapid means Of trans
portation, will be had. Then W,
shall hear much less about what i
going on in foreign cotton culture
and, with the accession of fresl
looms and spindles, we shall no
only lessen our dependence upol
England for cotton goods, but shal
be enabled to successfully compet
with her in supplying fabrics to tn
principal market of the world
Let the capitalists of the Soutl
learn the important fact that tn
moro cotton that is manufacture,
at the South, the richer will tn
people become. Stock in the Ne7
England cotton factories is the mos
profitable investment that capitalist
can make. If such investment
are profitable in New England, the.
surely will be here in the South
where the raw material would hav
to be transported so short
distance.