26 AGKICLTLTUKAL AM&amp;gt; &quot;COMMERCIAL 



to great changes, and therefore they mil always, let 

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

 consumption of these articles is very uncertain in all 

 countries, either from depression of the agricultural popu 

 lation from short crops, or of scarcity generally, or from 

 political causes. Let, for instance, India be threatened 

 with a general revolution, the whole of the exports for 

 Calcutta, Bombay, and Madras, would be thrown on 

 the hands of the manufacturers in England. And 

 whether the American cotton crop was a short one or 

 otherwise, the price of cotton would then go down. A 

 famine over India would not only interfere with the usual 

 consumption during its existence, but for some years 

 afterwards. Do what cotton planters may by combina 

 tion, they never will be able to grapple with the diffi 

 culties of the trade. And if their report be carefully 

 gone through, it will be seen upon what false ground they 

 have made it, and propose it for legislation. 



Over production of cotton can alone be the cause of 

 permanent low prices. Well, suppose cotton be down 

 this year to six cents ; to save planters from selling at that 

 price, let one-third part, or any such portion of the year s 

 crop be withdrawn from the market as would raise the 

 price up to 10 cents or 12 cents per pound, that one- third 

 portion would remain round to the following crop, and to 

 be added to it. Well, the following crop may be a large 

 one, too, and another one-third of that crop may be with 

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

 former years have been sold, there would remain another 

 two-thirds for the third year ; and, therefore, the third 

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

 supposing the third year s be a failure, i. o. ? a complete 



