204 PRESENT AND FTrCRE OF AMERICA. 



America holds the first place in the cotton market, 

 because she is able to produce a cheap article. Raise 

 the price of labor from 25 to 100 cents, or even 50 cents, 

 and the expense of cultivation witt be quadrupled, or at 

 lowest calculation doubled. The expense of cotton culti 

 vation is now from 5i to 7 cents per Ib. India can pro 

 duce her best cottons equal to fair New Orleans, and lay 

 it down in Liverpool for 7 cents per Ib.* Raise the 

 expense here to 11 or 14 cents per Ib. of cultivation, and 

 you would enhance the price of Indian cotton to that or 

 any other amount of increase for the expense of cultiva 

 tion ; therefore, the following would be the state of 

 things : 



Slave labor at 25 cents a day, expense of 



cotton cultivation, &a, - 5 to 7 cents per Ib. 



Free labor at 50 cents a day, expense of 



cultivation, &c., - 11 to 14 



Free labor at 100 cents a day, expense of 



cultivation, &c., - 22 to 28 



Expense of cultivation and landing East 



India cotton of fair New Orleans kind 



at Liverpool 3J,d. per Ib., or - 7 



So that emancipation of the slaves at present would give 

 a premium of 100 to 400 per cent as an advance in price 

 of cotton, to planters in India, in Brazils, and in Egypt. 

 Can any man doubt the result ? An advance in price of 

 cotton to 100 per cent., or even 50 per cent, above present 

 prices, would have the effect of stopping half the cotton 

 mills all over the world. 



&quot; The failure of the cotton crop in 1846 (Manchester 



See English Price Currents, or Royle on Cotton Cultivation in India. 



