The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1869-08-16

aEgQuGub. lit IeseAtn the pFdcIlC6 OF
the manufacturers IN driving down
the price. is it not natural for the
buyer to cheaper the article? Does
not the remark strengthen the argu-
ment, that most people ought to be
buyers and sellers?
His figures state that the average
Indian cotton formerly bringing four
pence per pound, now brings ten
pence, and it may be many years be-
fore it is lower than seven pence. IF
this means that seven pence would
remunerate the planter and satisfy
Lancashire, mighty question may be
near its solution Remembering the
cardinal question is the price, cotton
stuffs can be sold In the markets of
the world and the money to recon-
rense the grower and spinner comes
from the pocket of the Wearer. 1t is
useless to grow and spin If it cannot
be sold in quantity, and at a
price to remunerate all concerned.
Up to the time of the American
war the conditions were fulfilled.
The South produced and Lancashire
manufactured so cheaply that the
article commanded the markets of
the world. The spinner always under
sold the price of India. Cotton Is
now 232. greater than formerly, which
is enough to demolish. the whole
trade now under the looms that are
idle. The cheap goods aud dear cot
ton are incompatible, and until cheap
goods are produced trade can't sur
yiYe. If the average of seven pence
pays the grover there Is no reason
why industry should not Eevive. ~
Protective tariffs viii not always
prevail IF the price spoken of viii
satisfy the Consumers and remuRerate
the producers, there is nothing to
prevent the speedy revival of pro-
duction and consumption, but be-
tween the spinner and the grower
must necessarily exist the ordinary
commercial antagonism. Cotton is
now 10d instead of I'D, because the
American competition is reduced,
The price can only be abated by the
return to larger and more regular sup
plies. If India be our feeder, it can
only be on terms of free and open
trade. Cotton growers must be pre-
pared for revival of American In
dustry and the competition Of the
whole world. In such a race India /
would have great advantages which,
if increased by the judicious action of
Indian agriculture and British In
dustry, might establish a broad and /
permanent prosperity.
[By French Cable.l
( LONDON, August 14.-The Post has
an editorial to-day, on the subject of |
the sale Of Cuba to the United States,
wherein the writer says: We enter
tain shreWd suspicion that the best |
thing Spain can do is to close with |
America in respect to Cuba. She |
gains nothing by Cuba in her present |
state, but looses a sum she cannot |
afford She is not strong enough to |
stamp out the insurrection, but is |
obliged, by a false sentiment of hon /
or, to continue an attempt costly and |
annoying. If she is able to restore |
tranquility considerable time must |
elapse before she can reap the fruits |
of success, and probably before the /
result is attained the flames of rebel |
lion will break out afresh. These |
conditions will have weight with the /
Government, and notwithstandingth |
denial of rumored negotiations, we /
should not be surprised to hear that |
the purchase and sale of Cuba has /
been affected.
LONDON, August I3.-The Ameri- |
can yacht Sappho left Queenstown |
this afternoon. When about to start |
they fired the royal salute, which was /
answered by the guard ship and the /
yachts of the Royal Cork Yacht Club. |
During tue stay of the Sappho here
her owner and guests were entertained /
in the most enthusiastic and hospit- |
able manner.
IBy the French Gable
FRANCE. no
PARIS, August Marshal Mel |
is dead. ,fs -
PARIS, August IA. = Several addi |
tional bands of Carlists have appear
ed Ia different parts of the country. /
1t is said that they are By no means
formidable.
PARIS, August 14-Itis understood |
that the affiiction of the Emperor at /
the death Of Marshal Neil was so /
great that he was compelled to hastily 1
leave the Camp of Chaions, where /
military fetes were IN progress.
PARIS, August 14.-The French /
Government has authorized the /
French Cable Company to lay a cable 4
from Brest to England.
PARIS, August 13.-Lo France,
newspaper, says Queen Isabella has /
expressed her determination to resign /
in favor of her son. 3
PARIS, August 14-The Emperor
has remitted the sentences passed by
court martial on eighty soldiers, aud
reduced the sentences Of seventy
others.
PORTUGAL.
LISBON, August 14.-The mail /
steamer hom Rio Janeiro brings /
dates Of the 23d July The war news
was quite important. The Prgvi-
sional Government for Paraguay had |
been definitely organized at Ascunr
clon. The Paraguayans had taken
ProculO, and captured a RTazilian
ship at anchor there. Gen. Lopeg's I
army was securely entrenehed. He
had a large force of reserves. The |
Brazilian province of Malto- c.
has been exempted frc- -sssg 1
export duti--- I'm import ana
-,.es Tor two years.
TURKEY.
CoNsTANrINoPLE, August 14.-The |
Vizier's letter to IsmaeI Pasha states, /
eircumstantially the grievances of the
Sublime Porte. He refers 10 the Gre
tan affair, the journey through Eu
rope, and the oppressive administra
ton in Egypt, and demands a clear
and categorical explanation. lie ex-
pressed his determination to insist
strietlv nm the terms of the fr030 of
1841.
RUSSIA.
Sr. PETERSBURG. August 14.-The