AMJ FOK AMKHli.A. 31 



1848. 1849. 1850. 



Bales, 2,347,634 2,728,596 2,096,706 

 Showing increase of 1849 over 1848 nearly 12 per cent 

 decrease of 1850 under 1849 23| 

 ., decrease of 1850 under 1848 32 



The calculations for 1851 is under that of the crop of 

 '49, and little more than equal to '48. 



Therefore, while the Southern States are looking back- 

 ward, the above countries are rapidly advancing, and 

 that too when the Southern States are nearly reduced to 

 ruin by low prices. Well, then, raise the price of cotton 

 by any scheme to fifty per cent dearer ; two agents will 

 then enter the field, whose united forces will be irresistible, 

 and will drive the Southern States into a much worse 

 predicament than they at present stand in, viz., woolen, 

 linen, and silk, will be called in as substitutes for the 

 then expensive cotton cloth ; and Egypt, Smyrna, East 

 India, and Brazils, will move with all their powers, being 

 stimulated thereto by an advance of 50 per cent on the 

 present prices of cotton. However, it is seen that pre- 

 sent prices are sufficient to make them renew their exer- 

 tions, and beyond these measures already taken, as 

 stated, for the forwarding the growth of cotton in the 

 above place. It is seen by official announcement, that 

 the American gins arc to be introduced into two countries 

 of Asia, two of Europe, and one of Africa. Well, to 

 keep these countries out of the market, is to keep down 

 the price of cotton ; to encourage them, is to give 50 per 

 cent more for their produce ; and any inconvenience 

 America may put herself to to bring round high prices, will 

 be only for the benefit of foreigner*, and to her own ruin. 

 Therefore, if cotton-planting is not profitable, or so little 



