22 AGRICULTURAL AND COMMERCIAL 



900,000 bales yearly less than you have done for the last 

 12 years ; that is, from 1838 to 1850. Do this, and then 

 you will get 12^ cents per Ib. 



IT. In support of this statement, I offer the following : 



From 1827 to 1838 inclusive, 12 years' produce, was 



14,048,000 bales, at 12 i cents per Ib., $567,890,400 

 " 1839 to 1850 inclusive, 12 years' produce, was 



25,545,000 bales, at 8{f cents per Ib., $635,162,000 



The over produce for 12 years is 



11,497,000 bales, and difference in price, $67,271,700 



Giving for that over produce about If cents per Ib. 

 Therefore, if America falls back to a yearly average 

 produce of 1,170,000 bales, and the above countries enter 

 into arrangements as aforesaid, she will succeed in the 

 wishes of her planters. 



18. Let cotton committees, who rack their brains in 

 order to find a loop hole in nature's laws to effect im- 

 possibilities, continue to go on with over production, and 

 keep up the prices forsooth, build sheds to store it away 

 from the purchaser ! Would it not be more safely stored 

 away from him at the bottom of the sea, or a million of 

 bales to be burned yearly 1 It would puzzle the pur- 

 chaser. But if 3,000,000 of bales are to be produced, as 

 it is supposed there yearly will be, then there will be 

 1,830,000 to be destroyed some way. I remember when 

 the East India British Company and England was at 

 war with China, enthusiasts laid before the wonder- 

 ing world, that if China's 360,000,000, would only 

 wear a night cap each, it would employ England's 

 30,000,000 to weave them. But the Chinese, stubborn 

 people, would not wear more red night caps than usual ; 



