, 1869-08-16
FOREIGN:

4" ktEHAl hT1k14t0*
attrNo up FRINGE ARTHUR FOB HALuA1-
LONDON, August u.
Prince Arthur satled from Liverpool today on
the Iurran steamship CITY Of PsEts for HilHaI !,
rHB INTERNATIONAL BOAT BlcR-
The time for the International boaf raca Do
tween ,he' Harvard and O1ford crema has been
denutte,y n1ed. 1t viii occa1 on The afternoon Of
F.1day, AugustN
uE LONDON TINES or TIE COTTON soFFLT.
The 7Jm<s to-day has an editorial On the sub1eet
Of the cotton anpp!y, wherein 1t -aJs: IA
curious aspect has Just been EtFea 70
tue question Of cotton supply. Just as
the association for promoting thia Object Is hold
!pE its usual meeting, . merchant Whites as, as
sert1ug that Manchester a1nne II responsible tos
the scarcity Il su11e<s. With all It's wealth. en:er-
n1tte and confidence, It hns never Invested pen
ny In = cotton 1eld. The conc1oslon OF LIE oas-
pioevn7io ob.touzly Is that those who know the
most about co;tou, are coartnced tlAi cotton
p4an.iDg cap reyes pay. Their caason aets On
others and cotton culture Is discouraged II the
Manchester sp!nneEs would estaniisn co11nn
company, With large crptsI employed, IN tue
heart pi IudIs things would De dIneFenf'
bu, they stand atoot, refuse to Etsk
thetr nnnev IN The adventure, and when the COT
ton comes to them, drtre It down 10 losing pont
The association urges the establishment Of . VAST
cotton field IN Ethl1ptA, but the 1eCo4thcnnatlon-
though interesting to gTuwess- ha2 !lktle eaect 10
cause more cotton to be ErpEn Nf- CobleH at3u
his friends maintained that 1t was not the duty Of
The manufacturer 10 concern himself with the
growth, but merely to ontr sure AMI steady nat
let for the prottuct II India undeFsald America
ts 1a1hIDR on pound On IN equal quality,
She would compaud the lancashire market
The true policy OF the manufacturers wss TO keep
the market open and give the preference 10 the
best cotton. How these doctrines ended We need
rot say; bnt It Is singular that the complaints Of
cur correspondent lend Illustration to the nrsu-
uent- lie resents the practice Of the manutac-
tutess In driving down the price Ii II not natural
for thcbuyer to cheaper the Article Does not
the remark strengthen the argument that the peo-
| pie ought NOT to te buyers and sellers.
| Hts figures state that the average
I:ldlan cotton, formerly bringing !oslr pence per
pond, now brings ten pence, and 1t may I've nsuy
years before It is lover than seven pence. II ttia
4leans that scytn peace would feuunesase the
PLANTER aud satisfy lancashire, mighty question
| n,ay b~ nt2s It's solution Remembering the car
.!iaal question, Il the price Of cotton stpas now
! sold to the markets Of the world and the money
| 10 Teeonpense the grower and spinner come from
the pocket u The weafer. It Is useless to row ind
| spin II 1t cannot be sold IN quantity and at
q price 70 reuune,ate iii coucerae,. rp
! 10 the time OF the American
var, the conditions we're faleled. The South pro-
| duced and lancashire Manufactured 70 cheaplg
| that the article commanded ;he markets Of the
world. The native Eptnuers always undersoll.
The price Of Indian cotton Is now TWO and = hsl1
tines greater than formerly, which ls' enough to
| euol1h the whole trade. No wonder the towns
arc lille cheap goods and dear cotton are un-
J profitable Cntn cheap goods ATE pro-
| duced trade cannot revive. II the
! ayeIaSe OF seyen pence pays, there Is no reason
uhy indusJy should not revive Prusecnse
tariffs VII, not alEars preEatl- II the price spoken
Gf will urttIfy khN and fkTnnRfttn the
producers, there Is nothing to prevent the speedy
revival Of production and consumption: but be-
tween the spinner and tho grower mnst neces-
earily exist the ordinary Commercial antagonlsm-
Cotton 1s cow ten pence Instead OF four pence.
because Amcncan competition IL retpeHl- Th'A
price Can ouiy be ahated hy return to larger and
more rtRIar supplies. II India be our feeder, It
che opl5 be On terms Of free and open trAde.
Cotton growers mnst tie prepared for revival Of
American t1inst1y, and the competition CT the
world. In such race india would hare great a41-
yautaSes which, II Increased b. the iu.,lcious ac
ttcn Of the government It IL probable that Indian
agriculture anil british Industry might be esra5
1Isned In brostl and permanent prosperity"
A1RIlcAS YAcuTsHES HAVING d0on TINE
LONDON. August Is.
The American yacht Sappho left Queenstown
this afternoon for Cowes- When about 10 stAEs
theY fired royal salute, which was answered By
tue Kuarhship and yachts Of the Ho7al Cork Yacht
CIut. During the star OF the Sappho st Queens
town the owner and guests we're entertained In
most enthusiastic and hospNable uaanneE.
1ua LONDON rosr ON THB sALg oP cCB1 10 TUE
CN1TED ST4TEA
[Ev tie French CaSl.1
LoNpax. August u
The Ptst hiss an editorial to-ti3S on the subject
Of the sale Of Cuba to the United stafes wherein
the winter rats: ave entertain saEewd sCsp!-
cion sha, the best thlug Spatn can do is to close
With AE1erica In respect to Cuba She gans
nothing tY CEba il her present state but loses q
sum she cacnot n1ani. She IL not strong
enough to starap out the insuHcctou, but IS
obliged b q false sentiment Of honor to conttnne
an attempt costly and unasa1ltng. II she Is ab1e
to restore tranquility. considerable time must
elapse before she caD resp the frut1 Of snccess,
and probably before the result is attained the
ra3uea Of rebellion vii! break out afresh, Thee
considerations will hayc weight with the govern
ment and notwithstanding tho denial Of the Fu-
mosed negotiations, We shall not De surprised to
hear that the purchase and sale Of Cuba has been
Affected"
ANOTHER CABLE.
TAus-- Aux't-s t.
the Frcnn Government has authorized the
to England.
France
DEATH OF AAnstL MEL
PAE15, August H.
Ma.shal Mel Il dead.
PARIS. August H.
II L. understood that tht aai!ct1ou Of the EmTc-
ror. at the dratn of Marshal Sltl, was sa great
that he WAS compelled to hastily leave Casons
eaup when The military .f,trs we're II progress.
SENTENCES KExiT7Rp-
PAn1s, August II.
The Emperor has rem,sted sentences passed ns
court martial on eighty soldiers, and reduced The