Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-02-28
HONE MANUFACTURES.
Let Our Cotton be Spun where
IL is Grown.
Able Leader from the London
Times 5.
MEMPHIS, TENN February Is. 1859.

MEMPHIS, TESN February %, 1863.
Editors Memphis Appeal:
Dear SiTs /: 1 send you herewith a
extract, from the London Times, Eng
land, forming part of one of its leading
articles, dated the 4th inst, and whicl
go ably discusses and pointedly puts on
Of the most important questions affect
ing the interests of this Southern coun
try. The argument so thoroughly con
firms many Of the opinions and sug
gestiOns expressed as TO the desirabienes'
of cotton spinning here on the spo
where the cotton is grown. II as IS there
stated the spinning of cotton is becoming
Improbable to the English, this demon
strates the safety, commercially, OF such
enterprises being started on this side
and I see no reason why, in addition tC
working up home-spun cotton into
cloths, the South should not ship cotton
yarns to Europe to supply the require
ments Of manufactures. WI Memphis
take the LeGdg What do her merchants
sag? If on ever go small a scale, the
smaller the better for the urpos OF
experiment, it is worth any amount of
attention or cost which might be needed
to give effect to it.. Commencing this
article to both planters, merchants and
citizens,
lam, Dear Sirs, faithfully yours.
JOHN EVERITr.
The root Of the matter, OF course, is
in the want of commercial success.
Cotton-spinning no longer pays, Or, at
best, pays but indifferently and so
cotton %spinners are g~rumbling, exactly
like distressed agriGulturist in times east.
Mr.. Bailey admitted the facts, and in
substance correctly explained them. He
observed with regret that capital had
been gradually Withdrawn srom our
staple manufacture, that mills were at
short work, and that the mill hands were
suffering. He then said that the causa
Of these endorsements was the short
supply combined with the high price OF
the raw material. Lancashire, be re-
marked, had mill power enough to work
up far more cotton than could BE- got. for
the production of the article in America
was still limited, and the consumption
OF it on the spot and in Continental
countries was increasing so that alto
gether the chief element OF q remunera-
tive trade was wanting. This, in the
main, ia sound reasoning. Time cut Of
mind during the last twenty years, be-
fore and after the great catastrophe of
the Cotton Famine, have we placed the
simple facts OF this important question
before the eyes OF the public. The cot
ton trade OF England arose from cur
ability to supply the whole world with
cotton stuffs better and cheaper than
could be other Gise or elsewhere obtained.
No matter how remote the market
or how poor the customers, we could offer
them better bargains than they could
find at home. We we're enabled to DO
this partly by the advantages of capital,
enterprise and organization, but partly
also by the advantage of a cheap and
supply OF the raw material. We
with the United States the trade
of the world in this commodity. The
Americans grew the cotton we worked
Il up and, what with the prics OF the
and the facilities OF manufacture,
could afford to send it to q part OF
globe and sell it at 3 profit. We
nothing but rev markets-that
our only cry. Give Us the markets,
matter whsre, and We would under
sell everybody and everything. This
OF underselling was the founds-
ion Of our trade. So long as il lasted
he trade lasted when it cessad the
.rade fell. Nor can anything except the
recovery or this power set the trade up
again, or anything except cheap cotton
permit this power to be recovered. II
cannot offer people cheaper stuffs
they can make themselves, they
will wear their own stuffs and not buy
,urs. A difference OF sixpeGce q pound
n the price OF cotton will make the Diff
TO US between az open market and
/ closed one. There can be no trade
customers, and for such a trade
Is ours used to be we want the custom
# the whole world. This is only to be
on the terms Of cost formerly
prevailing, though the vicissitudes Of
commercial legislation may also to some
stand in cur way. The Ameri-
ANS, for instance, seem resolved to
grow cotton and spin it too, instead OF
,OndniDg themselves TO the work which
pest suited them, and allowing US to
AXE what best suited US. We may
however, notwithstanding the de-
backslidings Of Lancashire.
hat sOunder doctrines Of commerce will
yet prevail; but even Free Trade itself
viii not keep Msschsster mills at work
without a cheap supply of the raw ma
.erial. That, and not the revival Of Pro-
should be the object of Ism
cotton-spinners; it is only sur
VIC should have TO remind them
# the truth.