Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-10-31
NEW YORK cotton STATEMENT.
The Now York meeklv stnfemant ]
The following letter we publish by re-
quest. It will be read with interest by
many Of our readers:

The following letter we publish by re-
quest. 1t will be read with interest by
many Of our readers:
COTTON SUPPLY ASSOCIATION.
MANCHESTER, October 2, 1869.
Robert I. Saunders. Esq, care Of Messrs.
Bdy3isS, Sdlaueis & o., No. 36H Broad
Day, Men Y0dk:
DEAR SIR: Your esteemed favor Of the
ID ult. was duly received, together with
he copies of the minutes of the proceed
ingsof the Commercial Convention, which
you were good enough TO send, and / am
desired to convey to you the best thanks
OF this Association for these publications.
The copies addressed 20 other parties have
been forwarded, and 1 will distribute the
French pamphlets as you desire, both in
Manchester and on the Continent.
Referring TO your paper designated a
memorial, " etc., and designed especially
for the consideration of this association
am charged to assure you, and / beg that
YOU will be good enough 10 convey the
assurance to the forthcoming Convention
at Louisville, Kentucky, that we take the
deepest interest in all the eXertions which
your country is making to increase the
production Of cotton in the United States,
that we heartily sympathize with you in
the difficulties which you have had to ex-
~perience. and heartily desire the success
Of the measures adopted for their reno
val. We entirely aud emphaticaliy repu-
date the imputation contained in Gen.
Alcorn's paper, and expressed in terms
altogether unwarranted, that the aims
and proceedings of our association estab-
lish the fact that your cotton industry is
the subject of an alarming foreign con
spiracy.r We have no desire 10 see less
cotton grown in America than formerly;
on the contrary, we feel the greatest anx-
iety for the success of those efforts now
making in the Southern States to produce
as much cotton as before the late civil
war, and we cordially rejoice in the
progress already made, and earnestly
nope that you will go on and increase
more and more. Nevertheless, having
feared by bitter experience the perils IN
volNeo1n being dependent chiefly upon
one source Tor u supplies Of cotton, we
cannot consent TO return again to hat
state of dependence, and are consaouenf-
ly impelled by the strongest and most
obvious considerations and motives IN
encourage and extend the growth of cot
ton in other countries besides America
and especially in India and other parts az
thel world under the dominiona of the
British crown. / rejoice 10 perceive that
Won appreciate our views upon this point.
and "hail with pleasure any exertions to
Increase the supply of cotton in India and
all other countries" although you claim,
and az this | am o surprised, pre-emi-
hence for the Southern States of Ameri-
ca. You ask, afCan these countries, India,
Egypt, Brazil, Turkey, etc, grow cotton
at a cost of sixpence per pound2 If they
cannot, then are they unable to compete
with the United States" This inquiry
holds out to us the expectation and assn
rance that you viii be able TO grow cotton
at sixpence per pound. We earnestly hope
that this may be speedily verified, and If
other countries cannot do likewise
you well know what will be the result.
We fully believe that cotton can begrown,
at the price you name, elsewhere, and
though we are not ignorant Of the great
dimeulties which India has TO surmount,
OF the exertions required to accom-
pisa the object, we are encouraged by ex-
Penence and the results of past efforts TO
last our conviction that India can
and will grow cotton which in quality will
bear favorable comparison with American