The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1875-07-31
DALLAS, TEX AS.
slTrGDiY MORNING July 81
WHAT mas CAUESD m.

WHAT mas CAUESD m:
The decline in cotton, and the ad,
vance in wheat, seem equally unac-
couutablc, although We have men
who have it all ut their fingers
ends, and to whom the why's and
whcrclorcs are ms plain as day.
llmuy be that the price Of cotton
has been seriously affected by the
favorable reports which have reach
Cd Liverpool, in regard to the grow
ing crul. We fancy, however, that
the dulIL,s' Of the export market
for English manufactured goods is
the chief cause. This seems con.
tirmcd by the recent statement that
in IL certain cotton manufacturing
district, out of twcnty-siX mills, but
six ofthcm were in operation. The
falling OIL in the foreign demand
for manufactured goods is, no doubt,
partly due to the recent establish
mcnt Of cotton mills, on large
scale. in India.
This is certainly an alarming fact;
not only for British manufacturers,
but for the American producer Of the
raw material, us well. The interests
of the two classes are, to Il certain
extent, bound up together. If the
English manufacturer has no mar.
l;ct tor iis goods, Of course, the
American producer has none for his
raw material, from that source.
India with her one hundred and
twenty millions of people, before
our war, and until recently, was
large purchaser Of English cotton
goods, and produced but little OF
the raw material. But during the
"cotton famine" resulting from the
blockade Of the Southern ports, I'M
der the stimulus of high prices, the
cotton production Of that country
was enormously increased and
found ready market at high prices
in England. Upon the return, how
ever, Of peace in this country, and !
the re-opening Of the Southern ports,
the use of India cotton in English
mills fell Off so rapidly that it was
no longer profitable crop to the
producer.
More cntorprising, however,
than the Southern people, her capt
talist, have wisely concluded that
they can manufacture their own
cotton, and sell it NJ homo TO II bet
ter advantage, than to send it six
thousand miles to be manufactured,
and pay frcights and cor missions
back again. SO, they have estab.
lishcd extensive manufactures of
cotton, reported at seven hundred
spindles in The Presidency
Of Bombay alone; and now Man
chester cloths no longer find
ready market ut Calcutta, Bombay
Madras. At least the demand
has fallen off, to such an extent ~
scriousl y TO effect the cotton inter
,s:s OF England and the United
States.
Here ut the South, our escape :
rom the threatened permanent de. !;
probation in the price Of the raw o
material, is in initiating the exam. h
bic Of II dia, and manufacturing the
oroduc. Of our own fields. Should :,
Is price fall below the point Of Il :,
mir remuneration for tho labor Of =,
production, our farmers will then
arm their attention more to grain o..
nd small crops; to making their p
ZONES attractive by tho cultivation n
# frnits, etc. In n word, purchas !,
ng nothing from abroad, which Ia
nay be produced on their own
lrms. 1T was by q rigid practice e,
I this system that the French, al q;
hough not large exporters, us com ~
AIRED TO the English or ourselves, NJ
ere enabled TO pay war indcm 8,
ity to Germany of "A thousand mil, q;
ons of dollars in gold, without in -,
he least, affecting their prosperity T.,
, q nation. !,