1853-62.] FOUR GENERAL CONCLUSIONS. 



237 



India will never produce a reliable and permanent crop 

 of Cotton equal to the New Orleans variety. 



3rd, American Cotton must always command a 373 

 higher price than Indian. — This conclusion is already 

 proved by what has been stated in support of the pre- 

 vious proposition. New Orleans Cotton is undoubtedly 

 better than any which has yet been produced in India. 

 A pound of New Orleans makes much more yarn, and 

 from the length of the staple can be twisted much more 

 rapidly into yarn than a pound of Indian Cotton. Thus 

 a pound of New Orleans Cotton must always fetch more 

 than a pound of Indian Cotton, because it furnishes a 

 larger quantity and a better quality of wool. 



4th, The demand for Indian Cotton must always 374 

 depend upon the supply of American. — This conclusion 

 may also be inferred from the previous propositions. 

 The manufacturer will always prefer New Orleans to 

 Indian Cotton ; and Indian will only be purchased when 

 New Orleans is scarce and too highly priced. The po- 

 sition of Indian Cotton in the English market is thus 

 strictly a subsidiary one ; and its utility to the manu- 

 facturer is more in the way of keeping down the price 

 of New Orleans, than of being actually employed in the 

 manufacture of goods. The tendency of New Orleans 

 to rise in price is checked by the importation of Indian 

 Cotton ; and whenever the disparity of price is such 

 that the same money's worth of Indian staple will make 

 more money's worth of yarn than New Orleans, then 

 the Indian will be largely in demand. The improve- 

 ment of communications in India, and the large increase 

 of Cotton cultivation in the latter country, will probably 

 render the Indian Cotton better and cheaper ; but until 

 this Cotton can be laid down in Liverpool at such a 

 price, and in such quantities, as to render the culture of 

 American Cotton a loss to the Planter, the American 

 will always hold its own, and the demand for Indian 

 will depend upon the supply of American. Manchester 

 looks to India for Cotton, not to supply her looms, but 

 to keep down the price of the New Orleans staple. 



Political and commercial prospects of Indian Cotton. 375 

 — Upon this point, as on the others, the compiler merely 



