Year: 1862

large portion OF OF the cotton growing States
IN occupying the heaviest exporting mart and IN her
hesad Whas wI Ia the 81 on
OF affairs almost entirely unforeseen by the South, but
perhaps secretly hoped for by some OF the govern
nents OF Europs9 VIII the capture Of New Orleans
have the effect, as predicted by the Paris
ConSit,a'onnel. Of roestablshng the export trade
OF cotton, and bringing back to the deserted
wharves OF Hayre the raw material essential to the
maintenance OF the vast manufacturing industry OF tha
cyY This will be apt TO prove another error, ana 80
be acknowe iged such when tho nations oil Europe learn
what has been done those cotton ports where the ar
my Of the United States have obtained foothoid un
able to cope with that Power upon the domain OF the
the South seems have adopted policy respect
ing which permitted TO express an opinion,
out which few weeks ago was most actively ana warm,
various conventions OF Southern planters We aiudc TO
The destruction Of cotton Whether right or wrong,
~ Fact and one OF undoubted magnitude Win regard
TO the interests of Europe


It appears likely from the language Of tho European
Journals from the attitude Of strict intervention
observed by their governments, that they placed little
faith in tho declarations Of tho policy OF the South I'm
fortunately for TRANSATLANTIC manufactures that policy
has been carried into effect In New Orleans thirteen
Thousand bales or cotton consigned TO the flames,
and throughout the interior of the state and in Mss
sippi understand that immense quantities OF tho
staple have been destroyed by the agency SUP
pose thus far, half miliion OF bales 70 have been
burned, where will the work Of destruction pausoY we
form definite idea the subject Wherever the
federal arms have not penetrated it may be presumed
that the cotton will be preserved; but even admitting
tho possibility OF saving half or twothrds OF the
crop OF 1851 Europe unlikely to reap the slghtesi

benen from this, tho Southern ports not captured
will doubtless be moro closely b!ockaded than ever


While awaiting the distant and doubtful prospect OF
peace Europe will be compelled TO hoar OF the prcgcs
sve dminuton In the stock OF that valuable staple which
gives life her industry and bread to her countless nil
1ions Nor will the prospect for the coming year bc
all favorable 1t is admitted on all sides that the crop Of
1862 win not be one-third Of the previous year. The
planters general rule have appreciated the striu
gent necessity Of securing food TO the people of the
South and have devoted TO the cultivation of the cereals
millions or acres previously employed In the raising or
cotton The noxt crop may reach one million or one
million and half OF bales but we greatly doubt whether
any of will find it's way beyond the limits Of tho SOUTH
Europe lesson Of patience learn, and the South
ern planters will have many painful privations to en-
counter.


The above article the evening Delta Of the 10th copied
and mado the following Comment


Tho Bee shows the shortsghtedness Of Europeans in
expecting supply OF cotton from the occupation South
srn ports by the United States orcos and supposes that
at least 500 600 bales will be destroyed and that the
mainder will be bockaded, SO that it will get
abroad.