The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1869-08-25
TELBGR APHIC.

LONDON, Aug. 15.-The Times article
ON Cotton tpPly says: "'rhe Cotton As
sociation urges the establishment Of vast
! cotton field, in ETHIOPIA but the re com
mendation though interesting to growers,
has little effect to cause more cotton to be
grown. Golden and his friends nidl,taih-
ed That it was not the dtty of the manu-
facturer to Concern himself with the grow
er, but merely to offer sure and steady
market for products. II India under-old
America ny farthins per pound ON equal
quality, she would conriiand lancashire
The true policy OF the manufacturers was
to keep the market open and give prefer,
ence to the hest cattons.
How these doctrines ended we nerd not
say, but it is singular complaint of our
correspondent. Lends illustration to ar
guments : He resents the practice OF
manufacturers in driving down prices. 1t
is not natural for the buyer to cheaper an
article. Does not his remarks strengthen
the argument that the same people ought
not to be buyers and sellers
His figures state the average India cot
ton formerly bringing four pence per
pound now brings ten pence, aud it may
be many years before it is lower than sew
en- pence. If this means that seven pence
| would remunerate, the planter and satisfy
Lancashire. q mighty question h,ay be pear
it's solution. Remembering the ca dinal
question ia the price, cation stuffs Can be
sold TO the markets Of the world aud mon
ey to recompepse the grower dhd spinner
comes from the pocket Of the wearrr. 1t
is useless to grow and spin II it cdnhbt be
sold in quantity and at price to remu-
nerate all concerned. Up TO the time OF
the American war, conditions were fulfilled
that the South produced and Lancashire
MANUFACTURED so cbsaply that the article
commanded the markets of the world. =
The native spinner always und+rsold. The
prica uf India cotton is now two and a
half times greater than formerly, which is
enough to d+molish the whole trade. No
wonder looms are idle. Cheap goods and
dear cotton are Incompatible. Until cheap
goods are produced trade cdrhot revive
II the average seven pence pays the grow
Ell, there is no reason why industry should
not revive
Protective tariffs will not always pre-.
vail. If the price spoken Of will satisfy
the consumers and remunerate the produ
Gers, there is nothing to prevent the speedy
revival and production and speedy CON
sumption, but between the spinner and the
gr. .wer must necessarily exist the ordinary
commercial antagonism. Cotton Is now
ten pence instead of four pence, because
American competition is reduced. The
prices can only be abated by the re,urn tc
larger and more regular supplies. II lhdiu
he our feeder it can only be on terms d
| 4. 10 ct
he prepared for arevivai of American in
dustry, and the competition OF the wholl
I4orld.
In such race India would have gredl
advantages which, if increased by judi
cous action OF the government, it is prob
able that Indian agriculture and British
Industry might he established in broad and
permalieifl Prosperity.
| New York, Aug. l5.-Altenon 1.-THE
Federal building, in Chambers street, il
cramm ID with people anxious to witness
| the proceedings in the Pratt case. UuitrG
states traops, we'll supplied with ball car
tridses and raffots. are still guarding Mar
shall isaasfoI. Pratt will be produced be
| fore the Uuited States Commissioner at
o'clock. 1t is rumured that requisi'ior
| for the prisoner has been received from
Gen. Reynolds.
LATER Proceedings in the case Of thu
] Government against J. II. Pratt came tt
ii stand tins afternoon by the discharge o
Pratt. by United States Commissioners o.
born, The announcement of this decision
was received with cheers by an excited
crowd OF about two thousand persons.
New YoRK, Aug. l6.--George w. Rut
ter. Presid.iil Of the First National Ranl
of Memphis, was arrested here to-day
charged with the embezzlement Of $500,
600 CT T,nnessee school funds. Rutte
is in Jail.
In di-charging Pratt, Osborn said tina
himself and the Attorney General pursue'
the course they had because they deeme'
| it right to maintain the authority of tn
United States. IT vas simply and surel