DUTY ON COTTON 107 



India and Egypt, but about four-fifths of the total 

 comes from the United States of America. A 

 duty levied by Great Britain on raw cotton would 

 raise the cost of all cotton goods both for home 

 consumption and for export, without increasing 

 the quantities. This would affect one-fourth of 

 Great Britain's total exports. 



The United States do not entirely depend on 

 Great Britain as a market for raw cotton. The 

 States use themselves an enormous amount of 

 their own raw cotton ; other countries, excluding 

 Great Britain, already use of raw cotton more 

 than half as much again as Great Britain imports. 



To levy a duty, small or great, on raw cotton 

 would be the worst possible economy. 



