L'6 AGKICL'LTl'KAL AM" COMMERCIAL 



to great chants, and therefore they will always, let 

 what step may bo taken, vary greatly in price. The 

 consumption ol' these articles is very uncertain in all 

 coumrio, cither from depression of the agricultural popu- 

 lation from >hort crops, or of scarcity generally, or from 

 po!i:;ca! caiL-vs. Let, for instance, India be threatened 

 wit:i a general revolution, the whole of the exports for 

 Calcutta. Bombay, and Madras, would be thrown on 

 t':e ha:!-!- i>'i t!i" manufacturer,^ \n Kngland. And 

 wheth' r ti.<- American cotton crop was a short one or 

 other.vi-e, the price of cotton would then go down. A 

 famine over Ind'a would not only interfere with the usual 

 cuiiMimplion during its existence, but for some years 

 afV.Tward- 1 . Do what e'>tl"ir planters may by combina- 

 tion, they n-'ver v, ill h*- able t ) grapple with the difli- 

 c'liiies of tlie trad-.-. And if tv-ir report be carefully 

 gone through, it wiii be seen iipon \'.i!at false ground they 

 have made .;. ai.d prcj.o.-c :t lor Jeijislation. 



Over pr< ductiuii , cotton c-.jn alone be the cause of 

 jiermane'.it 1"V/ j;r'u-es. Well, suppose cotton be down 

 this year to >ix ("'ills ; to save planters fruni selling at that 

 price, let niu'-tliinl part, or any such portion of the year's 

 crop be \\ithdrawn i'rom the market as \\oiild i~ai.se the 

 price up l" lU cents or i '2 cents per pound, that one- third 

 I liion would remain round to the following crop, and to 

 !' added to it. Well, the following crop mav be a large 

 one. t"o. and another one-third of that crop may be with- 

 drawn also; therefore, as but two-thirds of each of the 

 i rmer y. ar.- have be-n sold, there would remain another 

 U.. -thirds f > r the thinl year ; and, therefore, the third 

 year, without anv new crop, would have a full crop ; or, 

 -uj'j o ii g ti..- ti.ird year's be a failure, i. e.. a complete 



