Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-04-30

! A0u It's laUOIr dliO bGNCI dAdAA NAG w.
! Yet the votaries of foreign manufac-
lures cannot forego the hope OF seeing
the South once more ranged under
their banner, as she was in the days
of John Randolph, Calhoun, Nc
Dufhe and Rhett. The New York
Times says:
"There is no question whatever that
the Tariff reformers are going to have
the aid of the South, which is now onee
more beginning to make its strength
felt in the financial debates. 1t may be
that. as the Tribune seeks Ia persuade it.
self under the operation OF the high
Tariff, manufactures will eventually
spring up in great force at the South, but
in the meantime the first and dearest love
of the South is cotton. It has an enor
mou advantage-an advantage of which
no freedom Of trade can rob it-over the
rest of the world and it is an advantage
which Just now makes the smallest farm
as good as, and, indeed, far better than, a
gold mine. To cotton it viii, therefore,
for the present, largely devote itself.
Nearly all the capital and all the labor
which is flowing into the South, goes into
cotton culture. There is nothing in which
with so little labor and so little capital, so
much money may be made; nothing, too
ta.which individuals or families can de-
vote themselves with so much comfort
and so little arrangement of the family.
We may, therefore, expect to see the cot
| ton interest grow and TO find a larger
and larger proportion of the Southern
people become exceedingly sensitive to
all burdens upon it, or determinations
against it in our revenue system"
COMMENTs BY THE TRIBUNE.
The high price of cotton, which has
stimulated the recent efforts of South
ern planters, is based on the scarcity
of the staple. During the last four
years, the crop has been increased
from two up to three millt0nsof bales.
In these four years, the aggregate
product has been about ten millions
Of bales, against five millions in the
single year 1860. Had not the war
interviewed, the yield of these last four
years would have been at least twenty
millions of bales, and the price from
10 to u cents (gold) per pound. 1t is
the shOrtness of supply which has
nearly doubled the natural price.
Now there are no other people on
earth vino have halt SO much to gain
by the growth and diffusion of manu-
features at the South as the cotton
planters. Ii ''nearly all the capital
and 81 the labor flowing into the
South goes into cott9H culture" the
DOWNFALL Of the price of cotton is as
certain as gravitation. Double last
years crop, and you reduce the price
Of the staple one half, to a moral GER
tainty.
But it is not true that the South is
thus devoting her new capital to cot
t~On-grOwing. On the contrary, she is
rapidly expanding her production of
sugar, and will soon q~uadruple her
present product II the taria is let
alone. Corn, rice, pork, tobacco and
many other agricultural staples are
wisely receiving increased attention
from her planters. And the more
they grow these, the better price viii
they obtain for their cotton.
But 1t will not be possible to keep
the South forever producing raw sta
piles and exchanging these Tor metals
and manufactures, That was the die
With the wants and aspirations of a
labOring class which, already free, as
pires TO be Intelligent and ingenious.
Already, Richmond, Memphis, and
more especially Atlanta, are giving
attention tG manufactures. The new
South needs better Implements and
more machinery than did the old
and she is beginning to make
them. She wants furniture in her
laboreF's cabins, where tables,
chairs and bedsteads, Were unknown
till lately; and she is about to make
them. She needs iron and other met
ais, and, having ore and coal in album
dance, she is beginning TO dig and
smelt with vigOr. Virginia, Missouri,
North Carolina, Tennessee, Alabama,
West Virginia, will produce more pig
iron in 1870 than their aggregate pro-
duct prior to 1866. And this is but a
beginning. Let the tariff alone, and
for every tun they produce in 1870,
they will produce at least twenty tuns
IN 1880. And their spinning and WeaV-
will keep ever pace with their
mining.
1t is idle, therefore, for free-traders
% dream Of a renewal of the good old
lines when the "fOrty-bale theory"
that exports paid the duties on inn {
JOrts) was unquestiOled at the South.
That section needs manufactures IS
much as any other, will be benefited
them quite as much, and is quite
Is well adapted to them as any other.
The chains that have fallen from the '
limbs of her lahOTeTs we're those I
which bound her to the foOtstoOl of
British policy. Now that they are .
hivered, it will be impossible to re- l
nand her to colonial dependence and /
,upilage. She needs a many sided, I
numerical industry, and free labor :
ngrrrag fhQt ukn will no xro n L
The argument OF Mr.. Greeley strikes :
IS as more speciOus than solid. The q
arif has not promoted the interests q
{ the West. How is il to benefit the +
Outh any more? The scarcity of the q
staple is the result of the scar I
Of labor in producing little cot /
On, and the demand far exceeding h
be supply, Keep up a high tariff, {
nd New England will continue to
at our expense. We can com
etc with New England only in coarse =.
ibrics, just as in the outset New Eng .
md did against England with the aid :
f the tariff. But now New England :
as outgrOwn the necessity of a tariff, :
nd yet the tariff is as much laid for !
er benefit as for the South, and prac- :
cally not for the benefit of the South :,
: all. IF the Tariff bill first passed :
adj been laid by England :
4 the pretense of benefit to the States =
lclusive with itself, it would have :
cen just as advantageous to them as :
tariff laid by New England, which :
so includes with itself the Southern :
Iates, will be beneficial to those >
If the operation was confined =
the South it might force up a
lanufacturing interest here. But -.
wing New England an equal bene- II
is to give New England the lions Il
rare, against which the South and u
Test viii not compete in a thousand 3
Our cotton is a light article u
hich easily bears transportation and !,
'mmaDds gold. DOOur utmost, our =
for production will not ex- 70
three million bales for a long L
me to come, and the short supply =.
Ill continue and the price be kept q
?. A bird in the hand is worth 81
70 in the bush. We are as willing "
build up France OF England as to n
lrich the New England States at our Ue
Fn expense. The price Of our cotton &C
Ill not be reduced by taking off the p
riff in whole or in part, be-
use the price depends ON the supply c,