The New York herald., 1869-03-08
Leaving as the amount OF all oiher ex

Leaving as the amount OF all oiher ex-
ports to pay for imports 80. 49,. ..... slso. sle,ess
or the cotton crop OF 1868, export, say
2cc in gold. sl5.ooo,oo
exported 1868, above 22s, ,sso, ,ss1
This sum win be the return current OF
gold, aud above the cotton ana
gold exported In 1908. ................ S6 ,169
Add product OF mines tno gold exportl.. 75,0oo0oo
In Banks lComptroer Of Carrcncys re.
port January l, 1850, $50, 026, ,750)... 3o,00o000
Gold circulation in California. 50,000000
This sum, besides all that may be boarded
by the masses to bank on. s3f1, 110,16o
At two. in papsr, for one is....... So, 220, ,334
AT three In paper for one H. LOIS $50
Can we produce the 100000 bal es OF cotton more
IN 1869 than In 1893 and give the 3,5000O0 bales
for exportg what are the inducementss A crop OF
4,3So,0O0 bales at thirty cents pound IN currency
win give for the crop as before stated s591 00O
The large crop Of 1853. 100000 bales, occupied
but and q half per cent OF the lands OF the
cotton zone In the United States In these lands
vast resources for commanding gold--iar greater
than the yield of the gold mines themselves. Very
nearly 3l,5000c00J0 capital IL invested In Europe
connected with the cotton trade and cotton manu-
facture for the health and clothing OF the worlds
population, and ready TO take every pound OF cotton
we can spare Before the war Eugland's imports OF
cotton from the United states were eignty-nve per
cent OF her total import.
Tne labor necessary to grow the 43so,ooo bales
wages may be afforded. Less land in and more
IN cotton, turning more OF the aDoring force the
latter would be w1Se FROM the late monthly report
OF the Agricultural Department IL appears that four
OF nine cotton states yield each larger crop OF
corn, 1s6s than the average OF New York and Penn
sylvania26 900 900 bushels: and that the nine cot
ton states produce 232, ,s2s 900 bushels, being per
State equal To the average OF New YORK and Penn
eylvania above, and the nine states aggregate Of
more than onc-third Of all the other states. SO
much corn can hardly be needed for bread and TO
feed stock. Corn at forty dollars year per acre Is
not 80 good as cotton bale. Mt sl30 year per
acre.
Never were circumstances 80 proptlous 10 induce
lArffT hD flaIa
inevitably. But tiger ~ crOuching. Our bonds
held abroad may follow In the wake OF the gold cur
rent, aud some check should be imposed on too
great rusn at once There Is further urgent need
that we should grow larger crops Of cotton and thus
diminish the volume OF gold and silver exports to
Egypt india and China To pay for cotton from those
Countries Not dollar OF the precious metals that
goes 10 tresc countries ever returns Our Consul
General at ALEXANDRIA, III an ofilcal report In 1868
or 1868, states that the export OF the years crop OF
Egyptian cotton for the year was upwards OF
&i0 600 600 vaiue. Egypts staple export had for
many years been an inferior qualify OF wheat, worth
annually 1--WE SIX millions Of dollars Az the hiQh
prices OF cotton during our war she changed from
wheat to cotton, even importing, to some extent ner
food. such revolution Is unparalleled IN the an.
mails OF agriculture. OI the vast OF the precious
metals going TO the East Mr.. Samuel r. Ruggles a
delegate from the United states to the Paris Exhlbi-
ton and 10 the Paris Money Conference In Is67
In his report Of the Money Conference. makes these
statemeniS:-
..Thc ncavy drain OF silver from Franco during The
last niteen years amounted 10 Si5s0j0,0w. prin.
cpaily to the East Indies Fortunately or France and
the commercial world the surplus poih Of ire inIted
States was ut hand during these fifteen years. ready
20 be received steadily nlng tIG ImIncn1c yacuufn
caused By flis great export "a silver. within fhls
brief period we d-cer iiaas of Fpld III llc Ayyfe.
rate exceeding Sos Ngy.VN, Nht.ltg a...,,tf 4 n, :,
laralc nom the Ultltll S.s.as N. t.N, Htt ritI
larger volume - .oD.Jo,asi .ns,, - i.os.