Newspaper Page Text
SOUTHERN TRIBUNE,
FCBLI*HED H f.ItLT, BT
Wtt. B. BARBISOUf.
From the Southern Press.
!*R. HENRY’S CIRCULAR.
Mobile, August 31, 1850.
Dear Sir —ln accordance with my usual cut
tom at the close of the business season, I take
plcainre in waiting on you with iny views re*
specting the prospects for the ronsumpfion, pro
d iction, and price of Cotton, and such collateral
items as I may deem connected with °9 r interests
here.
I submit herewith Cotton Tables for yoqr ex.
aminatron, which I think alone present our in
terest* in a very encouraging aspect,and I myself
think thara of commanding importance. Avery
essential feature is the introducing intothem“as
consumed," a large amount of Cotton, which has
annually been disappearing, and which has not
besn entered in any of the the tables I have seen
or heard of. They are divided into periods of
five years, from 1840, to 1844, and from 1845 to
1819, each inclusive. To get at, and show this
insensible consumption, I added the whole con
lunption as shown in the tables for the last five
years, say, 13,550,000
To stock reported 3lst De
cember, 1849, in Europe, 646,000
And stock reported Ist Sep
lumber, 1849, in the United
Staler, 155,000
Making bates 14,151,000
1 then nddej the total an
nual production for the
same years 13,551,000
To stock on hand Ist Jan
uary, 1845, 1,261,000
Which makes 14,812,000
And deducting the total supply a
hove from the total consumption,
tiia enormous deficit is shown 0f.... 661,000
Which of course has been consumed, and is a
very important item. Pursuing the same mode
of calculating for the first period, 1 found 48,000
bales had disappeared. These discrepenciesr 1
have distributed to each year as seemed its due
proportion. I must here remark with regard to
the reported stock of cottton in Europe, 646,000
bales, as aeen above, on Ist January lust that
there are 90,000 bales included in that which
ought not to have been, as compared with former
systems of reports in Liverpool. It should have
bien entered under consumption, as the stocks
of the manufacturers were that much less than
the year before, as stated in Ist January Circular
of Messrs. Wilson, Hallett & C0.,0f Liverpool,
and hence the stocks on hand in Europe should
appear that much less,say, 546,000 —and consum
tion that much more—say, add 90,000 to 3,241,.
000 bales, as per my tables, and we find ihe tola|
consumption of 1819 to have been 3,331,000
bales.
You will also see clearly presented therein
that the annual consumption for the past five
years, has in each, been greater than the produc.
lion—a material fact which has been only sup
po» and by many, hut which I have shown to be
beyond doubt. The consumption of 1842 was
greater than the production, and that of 1844
very near to the production, while the total pro
duction for the pgst eight yenrs was not so large
os the consumption.
You will also observe that ilia increase of sup
ply of cotton by our crops and the imports into
Europe from India, Egypt Sic., for the five vears
ending with 1841), over the supply for the preced
ing period, is only seven and a half percent.,
while upon the average consumption of the latter
over the former period, inclusive of liie 90,000
hales alluded to, there is 20 per cent■ increase.
We may here pause to contemplate this su
perlatively favorable position in which not only
the American planter is placed,but in which the
whole nation partitpates tlnough this important
reality. We see that consumption has thus in
creased during a period of multiplied disaster
und embarrassment. The enormous losses and
failures in Great Britain 0f1847 the revolution
in France and failures there, and general anarchy
it) Europe, are all herein embraced—not to say
anything of-our affair with Mexico.
In consideration ofthose two highly important
elements, supply and consumption, let us exam*
ine their averages in the tables: they are cun.
sing things, and will come pretty near the truth
‘I bey show us emphatically thattho tendency of
consumption is to stride on ahead of production.
We see were each to keep the pace the next five
years with each other as they have the past five,or
the five preceding, that in 1855 the consumption
would, be 560,000 bales greater than the produc
4ion. Consumption, therefore, must be arrested
for the want of supply.
Well, what are tlic prospects of supply? A
slight glanco at the history of this article will
serve to i lastrate this inquiry. In 1825 cotton
advanrad to a very high price, which advance
was based on the supposition of deficient supply.
In that year, however, Egypt forwarded to
Eu ope a larger quantity by many times than
ah t had in any one year before, which really
glutted the markets. The immense number and
h :avy failures that occurred in consequence,
wi h other causes, kept the prices down until
1812-3, when they began to improve, and a
ro >re liberal range continued till 1839-40—since
t! • i they have been very low, unless for 1846-7
and 1849-50, when the crops were so short a9 to
lesson thereby the general advantage the prices
of those years might appear to have afforded.—
Within this period all the Indian titles to Land*
io Gerogria, Alabina, and Mississippi, were ex
tfingUhed, and those valuable lands were all put
into uiar,ket. The puruheses of 1834-5, and '36
were prodigious, and the lands were rapidly sat
lied up. The aggregate purchases since 1836*
have been so small as deary to indicate that the
remaining usold lands are not very desirable, and
thus we have presented a very fqtmklable barrier
Ip rapid incaeasu of crops in this country. The
largely increased consumption ofoofTee, and its
remunerating prospects, checks the production
* Appendix to Commissioner of General Land
to Congress 1848 —page 241.
of Brazil and the VVeat Indies. If, with all the
powerful appliances used to promote its culture
by the old Egyptian Pacha, it did not increase, it
is not likely to under his successor. The cli
mate and its peculiarities are against it. From the
East Ipdies we have the authority of the best
9outhern planters who could be procured by
the English East India Company to go there to
teach the natives to rear it, that it is out the
question to do go profitably—the periodical rains
and succeeding excessive drought totally forbid
ding it. (See Pateqf Office Report. 1845—pages
757-8 )
The tables show a decrease of 20 per cent on
the last five years' supply from those countries
on that of the first five, which is an important
criterion as to the probability of that supply
Having examined the impregnable position occu
oied by the cotton planter, as exhibited in the
tables to 1849, I will now glance at the business
of the year 1849-50, just closing.
The crop of the past year received into the
ports in 1849-’SO, will reach about 2,090,000,
and has been sold for about $107,000,000. The
crop of 1849 was 2,729,000 bales, and sold for
about $77,000,000. The receipts at Mobile for
1848-’9 were 519,000 bales, (inclusive of 9,000
bales shipped direct to New Orleans,) sold for
$16,510,000. The past crop was 351,000 bales,
(inclusive of 17,500 shipped direct to New Or.
leans,) and sold for over $20,000,000. The pri
ces have been tolerably regular, but it is evident
from the exhibit of the annexed tables, that they
did qot quite average all they should have,which
was the result of over estimates, und great man
agement on the other side. The average at this
port has been cents per pound. The con
sumption in the United States has been large in
proportion to the crop, about equalling last
year's. The consumption in Great Britain con
tinues lajge, no reports of stopping machinery or
workingshort time. In France order is entirely
restored, and trade and commerce are galloping
along merrily. Consumption will be likely to in
crease these largley,and it is most likely to do so
on the Continent.
The reported deliveries at Liverpool arc some
8 per cent, less than to the same time last year
hut it is not likely they will consume less than
that ratio—thus, under any active view taken,
the stocks Ist of January, in Europe, must he
reduced to an alarmingly small point. Trade
everywhere is carried on upon an unusually sub
stantial basis—its everywhere active, whilst
>t tcks of cotton are nearly exhausted.
I will now take a view of the prospects of
supply for the next business year, and also of
prices.
The crop of this country determines the ques
tion, and so important is it, that although I have
fjlt it my duty for many years to anticipate its
probable extent, I do so now more than ever
with a desire to be as cautious as I shall be can
did. 1 have seen estimcles already low and
high, 1,800,000 to 2,500,000. The whole season,
from Ist Marcii to Jst July, was unpropitious.—
A killing frost 27th March, with cold and wet;
the stands were bad, the weed sickly—replant
ing continued in places till in June; the bottom
lands of the Mississippi waters inundated too
late to plant on; the blooms appearing later
than ever belorc known, about the 28th of June
and Ist July—the whole season's working of
< otton and corn thrown together; the rains of
the latter part of Juno and early part of July,
started the weed off to growing; a general
dr ught ol five or six weeks followed; the worm
is reported in some localities; early cotton do
ing well, late nothing; prospects on the richest
lands better, proportionality, than on the sandy.
Such is the general report of the condition of
the crop.
Refer to the tables above, and let ns look to
the. two crop years of 1845, received into the
ports in 1845-46, which was 2,101,000, and that
of 1847, received in 1847—48, which reached
2,348,060 bales. The season’s cf both those
years and this, so far, are very nearly parallel,
with this difference with regard to the latter
year, you perceive the receipts at New Orleans
fbr 1847-48 were 1,191,000 hales. In that sec*
lion, they that year had no overflows, and the
drought which ruined the Atlantic crop, and
much injured the Alabama was too late to hurt
theirs, and they made the largest crop they ever
have. But this year their crop is very poor to
this time, and a careful observer in New Orleans
tells me he seriously doubts if their receipts
next season will exceed 800,000 bales. 1 he.
iieve no one puts it over 900,000. Then take
360,000 bales, tho probable difference between
the present and their crop of 1847, and it would
reduce it below 2,100,000 a fraction. 1 have
said above 1 consider those years, with this ex
ception, nearly alike. My estimates, as per my
circular of
July 20,1846, was 2,000,000 b's; rec’pls 1,178,000
July 20,1847, “ 2,150,000 “ “ 2,848,000
July 7, 1848, “ 2,500,000 “ “ 2,720,000
Aug. 17,1849, “ 2,150,000 “ will be 2,090,000
My estimate now is, in view of all the grounds,
that with our usual favorable fall, the crop ean
not exceed 2,200,000 bales. As was the case in
1r?43-9, there is now no old cotton held back in
the country to swell next year's receipts; and,
as in 1846-9, the Mississippi country cannot dis
appoint us so largely. Os course in submitting
an estimate now, all who are concerned in this
great staple know it must be receieved as a mere
approximation from the complexion of all ac
counts to this time. Ido not think, however,
attended with most favorable circumstances, it
could go 100,000 bales above my estimate;
while, should the caterpillar, which is already
reper ed in Texas, and which is the point where
it has first made its appearance when it was
destructive to us, should it spread its ravages as
in 1846, the crop would not reach 1,800,000
bales. Ltfte as this crop is, that scourge has
time left to take the route, and if it docs, may do
more damage than in 1846.
With regard to the supply from other coun*
tries another year, I need only to refer to what
I have before said. With the aid of a high
range of prices, it may be kept u.p to about 500,000-
bales : and I now come to the prospect of
prices.
Abundance of food and money, and general
quiet are the elements of prosperity. The pros
pect of the abundant supply of food everywhere,
baa scarcely ever been equalled In Europe, I
the prospect of the harvest is fine, and very low
prices of food. The amount bullion in the Bank
of England is about £16,000,000, and the
amount in the Bank ofFrance is about the same,
and the rate of interest is very low. The
Bank of England discounts at 2£ percent., but
negotiations out of doors are made at 1£ per
cent, per annum. Bpatn repose* from her long
continued wars—lrish disturbances and distress
are no more heard of, and the world is at peace, '
save that little kingdom of Denmark and one of
her Duchies, which affair will surely ere long in j
some way be compromised The policy of na
tions is turned towards peace. Then consider
ing that in no event can the supply of Cotton
equal the demand for the manufacturers from it,
and that it is sustained by all the most powerful
influences, 1 consider that the range of prices
another year must be high. It may go above
any thing we have known for many years. In
making this enunciation, I cannot forbear to call
your attention to my remarks on the subject of
prices in my Circular of 9th January, 1849-
“Bright skies arejnow decidedly before us, the
diminished consumption of the past two years
leaves all the markets hare of manufactures, and
with the restoration of confidence in France, &c.
will have a tendency to advance and sustain
prices of the present season, and I may noic ven
ture the opinion, that prices another year, will he
greater than they may reach this. The era of
low prices is, in my opinion, positively passed.’’
At the date of that Circular, Middlings were
quoted at 5Jc they went on advancing last year
till they touched 7,8, 9, and 10 c. and this year
they huve ranged at 10 to 12-ic. The latter is
the quotation to-day, with an advancing ten
dency.
Gratified as I sincerily am, that I feel warran
ted in piacing before you so encouragiug a pic
ture of the future, compared with the present
prices—as it has been a promiminent object of
my Circulars, to keep before you the method by
which we might attain this position, and by
which we may also secure its progress and con
tinuance, pardon a few remarks suggested by
that desire. 1 have shown above, that the
enormous receipts of Cotton last business year
1848-9, (2,729,000 hales,) sold for $77,000,000,
and that thecrop of this year 1849-'SO, of about
2,090,000 hales has been sold for $107,000,000
—that is, a crop of from 640,000 to 650,000
hales this, less than that of last year has sold for
$30,000,000 more. Now is the time rapidly to
multiply your advantages. Cast around you en
ergetically for new modes ofirivegting your ac
cumulated and accumulating capital. Invest in
Cotton Factories, Iron Forges, Coal Mines, Rail
Roads, timber getting, &c. Some may fear that
while Cotton is high, manufacturing might not
be so profitable. IfCotton Factories were fos
tered and multiplied in number elsewhere, while
Cotton was high, and with machinery so far in
the rear of all the late improvements, you surely
have no cause now to fear. If you are uncertain
what styles of goods to manufacture, prepare to
spin it only. The machinery does not cost
much, and the operation is simple. 61,000,000
pounds—equal to about 320,000 of your bales
Cotton—of Cotton Yarns, were imported last
year from Great Britain, and all the yarns her
manufacturers weave up, they purchase from the
spinners, who are distinct operators from the
weavers. Ilcnce, were you to spin up the whole
crop of Alabama into the required numbers,your
demand here for it would be as good as it is for
your Cotton, at about double the price for a pound
of the spun over the raw Cotton.
In conclusion ailuwme to recommend, that alj
these enterprises be entered in the shape of Stock
itol, very great advantage. To this system of asso'
dating enterprise, labor and money, is to be as
cribed the rapidly increasing wealth of England
Massachustts, New Y r ork, Sic., and admits, you
will perceive, ofa multiplication, almost indefi
nite. To illustrate : with your bona fide capital
and labor you start a factory. Ten stockholders
have each SIO,OOO in it—in operation it pays
them, say about 16 per cent, —they desire to build
another—they take their Stock, those rich old
gentlemen who do not care to embark in those
things, and ask to borrow tiioir money on it—
they gladly lend it at say 8 per cent.—well, the
parties goon and build another, and each factory
pays a dividend of 16 per cent, which together is
32 per cent-—take the 8 per cent off, they pay
for money borrowed, and it yet leaves 24 per cent
profit on the capital ol SIO,OOO thev each own.
You may continue operation so that conveniently
one mart may hold $50,000 to SIOO,OOO stock,
with only a capital of SIO,OOO in the beginning
—receivingdividends on each,double as large as
the interest he has to pay. By this system of
increasing manufactures, you afford employment
to the unproducing part of our population invite
emigration, and doing all this, it besides attracts
labor from Cotton producing, thereby checking
supply, and consequently augmenting its value.
You will find the money at 7 to 8 per cent, inte
rest much faster and quicker than you can get
your machinery manufactured and put np
Interested as Cotton planters are in all advan
ces towards improvement, 1 am sure, you will be
gratified to understand that our city is showing
evidences of recovery from the heavy shock her
merchants rceeived by the almost total loss ofall
their capital or credit could command by the rev
olution of 1837 and the severe fires of 1839, &c.
and vigorous measures are in progess building
several important Rail Roads to terminate here.
Investments here would pay well.
And now renewing my congratulation at your
improving prospect with a tender of services for
the sale of your Cotton and other produce,Cotton
manufactures, Sic.,
I remain your obedient servant,
GEORGE G. HENRY.
Nomination. —The following gentle
men have been nominated to represent
Cobb county in the State Convention, on
the Southern Rights Ticket, viz: Gen.
John S. Anderson, Maj. John Dunvvody,
sen. ; I. N. Heggie, and John F. Arnold
Eqs.
Souther** Right* Meeting lu Burke Countjr.
At a meeting held in VVaynesborough.
on the Ist of October, Judge J. W. Cars
well was called to the Chair, and R. S.
Scruggs and J. R. Sturges appointed
Secretaries. The object of the meeting
having been explained, Dr. E. L. Antony
introduced the following Preamble and
Resolutions, which were adopted :
Whereas, the Governor of Georgia, in
obedience to an act of the last Legislature,
past by an almost unanimous vote, has con
voked a Convention ot the people of the
btate, to deliberate upon the course which
it becomes them to pursue in view of the
late action of Congress, by which a glar
ing aggression has been made upon the
honor und rights of the slaveholding States;
and whereas, both the great political par
ties in the State, in their respective Con
ventions, have declared that they would re
sist the Proviso at every hazard, if applied
to tiie territory recently acquired from
Mexico, it now becomes the people in
their primary assemblies, to express their
opinions on the recent acts of Congress;
and declare, whether they are for a das
tardly submission, or are disposed to seek
redress for the past and security for the
future.
We, therefore, a portion of the people
of Burke County to the end that our Del
egates to the Convention, may know the
opinions and wishes of those whom they
are to represent, have adopted the follow
ing resolutions:
1. Resolved. That the bills for establish
ing territorial governments in Utah and
New Mexico, inasmuch as they fail to
protect the slaveholder from the operation
of ihe Mexican law excluding slavery, said
by Messrs. Clay, Websier, Cass, and o
thers, advocates of these bills, to be still
in full force, as fully and efficiently exclude
the South from these territories, as could
be done by literal enactment of the Pro
viso.
2. Resolved, That by the admission of
California into the Union, under a Consti
tution formed by a small number of tran
sient adventurers, Congress /taj interven
ed against the South, and given life and
validi y to the prohibition of slavery, other
wise null and void, and we fully ag:ee
with our distinguished Senator, Judge
Berrien, in the declaration that,‘‘if is the
same tiling as if Congress had interposed
the Proviso themselves.’'
3. Resolved, That we agree with the
people of the North, in the opinion, that
the act of Congress abolishing the slave
trade in the District of Columbia, is but
the first step to the abolition of slavery in
all places under the jurisdiction ofthe
general government, and constitutes an
other act ofinvidious and unconstitutional
discrimination against our property and
institutions.
4. Resolved, That these acts unerringly
indicate the deliberate determination of. he
free States to persevere in their hostility
to our rights and interests, and subject us
to a degrading inferiority ; and that we see
nothing in the state of public opinion in
those States, to induce the belief that even
a tame submission to present wrongs,
will secure us against future and more
destructive aggression.
5. Resolved, That the recent acts of Con
gress, of which we c nnplain are substan
tially such as the people of Georgia in their
party conventions and legislative bodies,
have most solemnly and repeatedly de
clared they would resist at‘every haza d,’
and that a tarne submission to these acts
in the face of such pledges w ill place
Georgia h fore the Uuion and the world
in a position so humiliating that her sorts
may well blush to own her.
6. Resolved, That we will leave it to ihe
wisdom ofthe Convention, to dev se the
mode and measure of redress, pledging
ourselves to sustain and measure which it
may recommend, if it secures the rights
and interes sos the people *-f Georgia.
7. Re o, ved, That our thanks be tendered
to our dis'inguished Senator,the H.-n. John
McPherson Berrien, for the able and pa
tiiotic manner in which he has defended
Southerußightsand Southern Institutions,
during the late session of Congress.
On motion of A. Mackenzie, Esq, a com
tnittee of five were appointed to nominate
delegates to the State Convention, by
whom the following gentlemen were re
ported, and accepted by the meeting:
Edmund Palmer W. W. Hughes, Jno.
C. Poytbress, Jno. Whitehead.
The following resolution was then adop
ted by the meeting:
Resolved, That the citizens of Burke
county tender to the Hon. Jno. McPherson
Berrien, a Public Dinner, at Waynesboro’,
as a testimony of their entire approbation
of his patriotic course in support of the
Constitution and Equal Uighss, during the
late session of Congess, and that a com
mittee of five heappointed to communicate
with him, and ascertain when it will suit
his convenience to attend, and that an ad
ditional committee of fifteen he appointed
to make the necessary arrangements for
the Dinner.
Under the above resolution, the follow
ing gentlemen were appointed Committee
of Invitation:
R. S. Scruggs, J. F. Lawson, Dr. E. L.
Antony, M. D. Jones, J. R. Slurges.
And the ftdlowing gentlemen Com
mittee of Arrrangeinents:
Col. A. H. Anderson, Joseph A Shu
make, M. D. Jones, Robt. Wall, E. Wil
liams, J. T. Brown, A. Mackenzie, Joseph
B. Jones, Wm. Byne, M. P. Greene, A
lexander Murphy, Dr.E L. Artfnoy,Amos
Wiggins, E. Palmer,and G. B. Powell.
The meating then adjourned.
JNO. W. CARSWELL, Chairman.
R. S. Scruugs, 1
at *d > Secretaries.
Jno. R. SrcRGES, J
Frm the Federal Union.
The Mass Meeting In Cherokee.
A recent, hasty tour through gome of the
upper counties ofthe State,gave usan opportunity
of being present at this gathering of the people.
The Courts in DeKatb and Murray being in ses
sion, prevented the attendance of many from
those counties, but notwithstanding the assent,
blage was as large as had been anticipated.—
Between two and three thousand persona were
present, enough certainly to exempt the meeting
from being regard a* “a failure’' Col. Young of
Cass, presided, assisted by several Vice Presi
dents from varions portions of the State.
The first speaker intreduced to the meeting was
Col. H. L. Benning, of Columbus. For more
than an hour lie enchained his audiance by a
cool, deliberate, argumentative speech. He
first demonstrated with great clearness and
force, that the abolition of slavery was the
grand object aimed at by the people ofthe North ;
lie then with equal clearness and force, proved
that, having the will, they would soon have the
übilityo to effect their purpose. After having
exposed the consequences to the people of the
South; the slaveholder and the nonsluveholder,
of abolition, showing that the negro race could
not be exported, but must remain on Southern
soil, he glanced at some of the remedies
that had been suggested, contending that all
within the constitution should be exhausted,
such as non-intervention, &c., before any be
yond and without the constitution should be re
sorted to. Mr. Benning was followed by Mr.
Cowart of Cherokee in one of the most practical
efficient speeches we ever listened to. During
its delivery, the speaker was frequently inter,
rupted, by bursts of applause,conclusive! v show,
ing that the indignation he evinced at the wrongs
and injuries ot the South, struck a corresponding
chord in the hearts of his hearers. He suggested
no remedy, but insisted that remedies could be
found within the pale of the constitution, und
that it was the true courso, to send to the Con
vention the best men, and leave it to them to
prescribe the remedy.
Mr. Stiles of Cass, was next introduced. In
a manner which we have never heard surpassed,
he recounted the wrongs that for a series of
years had been inflicted by the North upon the
South —the unequal taxation and inequality of
its distribution as well as the utter disregard on
the part of the North, of all the compromises of
the Constitution on the subject of slavery lie
regarded the people of the South as slaves, me
nials worthy the manacles forging for them, if
they should submit to the indignities heaped
upon them. In discussing the remedy, he insist
ed that it could be found, not out of, but within
the Constitution, and that non-intercourse was
constitutional, practicable, and would prove
efficient.
After Mr. Stiles had cloesed, the company
adjourned to a Barbacue, admirably gotten up,
and which was discussed with no ordinary zest
In the afternoon, the crowd again gathered
around the Speakers' stand, and for nearly two
hours, were entertained by Judge Colquitt, by
one of his ablest and most efficient efforts. The
Judge, evidently felt, in all their length and
breadth the fearful consequences, of the momen
tous issues he was discussing, and was conse
qently more grave and argumentative than in
his usual partizan efforts. His speech was lis
tened ro with profound attention, and its senti
ments found a lodgement in the hearts oftnost of
his hearers. In adverting to the various remedies
that had been suggested, he expressed the ardent
hope, that one could he found available, that
would protect the rights and honor ofthe South
and at the same time, preseve in its pristine
purity theconstitution, and the integrity of the
Union. He feared however, none such could
be found, and that the only remedy that would
prove efficient, was a withdrawal from those
who had the power and the will to oppress us.
Ibis however,he suid, was only his opinion and
he was ready to co operate with those who
differed with him, and try any other expedient
that promised success.
At the conclusion of judge Colquitt's speech,
Mr. Bniythe ofthe Augusta Republic, closed the
exercises of the day, in a brief, eloquent and
pertinent address, replete with that devotion to
the South which characterizes the journal over
which he presides.
The results of this meet ing can not be otherwise
than salutary to the cause of Southern rights.
A series of resolutions w ere adopted, breathing
that (me spirit—that the aggressions of the North
must be resisted,and that the mode and measure
of redresssiiouid be left,exclusively,aficrmutu
al consultation, to the Convention.
i he demonstrations at this Mass Meeting con
clusively prove one thing; that the demagogues
wfio have strived to array the non owners of
slaves in favor of submission have signally failed
and that this class of the population are the
truest of any to Southern rights and Southern
honor. They canno he hoodwinked. They
know that when the slave population shall he
let loose among them, tl.a; the lordly owner of
hundreds of hi-ni,u nli his pockets well lined by
the products ol their labor, can and will remove
to hut that they must remain and
become :he associates and equals if not inferior
of the African race They know what is true’,
that of all parties,they have the deepest interest
in the issue which the North has tendered to the
South. They know their rights and their in
terests, and are determined to maintain them.
THE MEETING AT KINGSTON.
The following are the Resolutions which
were adopted unanimously at the Mass
Meeting held at Kingston, on the 26th ult.
Resolved, That the people of Georgia
are, in the opinion of this meeting, pledg
ed to some effective mode of resistance to
the encroachments of the North upon their
just and constitutional rights.
Resolved, Thai the State is not commit
ted to any particular inode or measure of
redress, and that in the opinion of this
meeting, it is the object of the Convention,
to be convened on the lOth of December
next, to deliberate upon, and recommend
to the people of Georgia some such mode
and measures “f redress, as they may be
lieve adequate to secure and perpetuate to
them and their postetity, their rights and
liberties.
Resolved, That any mode and measure
of redress which the Convention may re
commend should he submitted to the peo
ple themselves for their ratification or re
jection. ,
Resolved, That the true issue to be de
termined by the people in the election of
Delegates to the Convention is—uncondi
tional submission, or some manly and effec
tive mode of resistance.
Resolved, That we are irreconcilably
opposed to submission.
IIP" The Natchez Free Trader states,
that a telegraphic despatch has been re
ceived in that criy from Vicksburg, an
nouncing that Governor Quitman was in
the act of writing his proclamation to con
vene the Legislature of Mississippi by the
20(h inst.
MACON, G A.
SATURDAY AFTERNOON, OCT. 5
SOUTHERN RIGHTS MEETING
The Friends of Southern Rights are re
quested to assemble at the Court House in
Macon, THIS DAY, at 11 o'clock, A.M,
for the purpose of nominating candidates
for the State Convention.
Several Addresses may he expected, and
a general attendance is desirable.
Maeon, Oct. 5, 1850.
ffTYVe are indebted to the Hun. John M
Bfkrikn and P. Soct.x, for valuable public doc
uincnts, &c.
Latest for Ecrop*.-TheSteamer C.mlri,
has arrived bringing Liverpoo dates to the Slit
ult., showing an advance of from 4d to Jd and
even R per lb. on Cotton. The sales 0 f the
week were 60,000 bales. This new. hascaus
cd a slight advance here.
FF’The population of Macon,and suburbs, is
set down by the Census taker, at 7,416. Nam
ber of inhabitants within the limits of the Cor
poration 5,952-315 resiede in East Mac0n, 5,637
west of the River. Vineville contains a popula
tion of 850 souls.
STATE of THE COTTON trade.
We insert in another column an interesting
letter of Mr. G. G. Hknrt, of Mobile, on the
subject of Cotton, which will be read with inte
rest no doubt. The prospects of the present
crop are certainly very gloomy and it will inev
itably be a short one.
The London Economist contains an interest
ing article upon the past, present and future
state of the Cotton Trade It save : “It is cal.
culutid that upwards of 4,000,000 of personsde.
pend directly upon this trade and ail it* branch
es.”
Amfrica* Cotton Crop.
1835- 1,367,225 1842—3 2,378,875
1836- 1,422,930 1813—4 2,030,409
1837- 1,801,497 1 844—5 2,394,503
1838- 1,360,532 1c45—6 2,100,537
1839- 2,177,835 1846-7 1,778,651
1840- 1,632,945 1847—8 2,347,634
1841- 1,684,211 1848—9 2,728,596
Average 1,635,596 Average 2,251,315
Average crop of the last seven years exceeds
that of the prior 615,719 bales, and the crop of
the last just double that of the first; and the
crop of 1848-’!), was more than 1846-7, by 50
per cent.
Average consumption in G. Britain of Amer.
Cotton for the first 7 years 1,153,219 bales. *
For the second period 1,449,399
The largest consump. 1849 1,586,698
The enormous rise in the price of Cotton in
the last year, has had no perceptible effect in
checking consumption.
Stock at close of 1844—5 1,000,000 bales.
Stock at close of 1849 558,330
notwithstanding an increased supply of 671,432
bales. In tB4B and the first half of 1849, the
price of Georgia Cotton was 3j} to 5d per lb.
averaging about 4Jd. At the close of 1849
prices were 5j to GJd. Notwithstanding this
great advance, the actual consumption and
trade sustained no diminution. At the end of
January 1850, Cotton had risen to 6.-} to
The average deliveries of Cotton for consump
lion from April 1 to August 1, had risen to
37,348 per week, in spite of the steady and
large increase of price. Mills which had bepn
working short time resumed full work, though
Ihe price of Georgia Cotton reached B|<l in July
1850 The greatest rise in the price of Cotton
had reduced very much the quantity of heavj
coarse goods made, and of course the quantity
of cloth made from a given weight of Cotton
has h* en grpatly increased, and with this the
amount of employment has increased. And it
is admitted that the price of yarns and goods
has been more satisfactory in 1850 than it was
in 1849, notwithstanding the great advance in
the raw material This change is attributed
to the repeal of the Corn Laws, and the fro
trade measures which have opened new mar
kets, and extended old marke's for British mao
ufactures Stocks in the United States 141,28) I
hales greater Ist August 1850, than on Ist Aug I
1849; quantity at sea for British ports 51,777 I
hales greater in the last year, making together- ■
193,058 bales more than at the same period the I
year preceding. The average deliveries for ■
consumption in Great Britain in 1850, wa531,915 ■
bains per week. g
Stocks in G. Britain Aug. 1, '49 @77,500 bales I
Do. Do. Aug. I, 'SO 525,700 do I
And the stocks of the spinners worked oS- ■
Stock at rate of consumption, equal to 14 weekt, ■
against 23 weeks in the two preceding yearn ■
and against 19 weeks, the last supply for e 'ght I
years past. f
To the Continent tho supply of Amer. Cotton ■
in 1848, '49, was 883,382 j
In 1849, 'SO, 698,372 |
Deficiency 185,010
and on the Continent it is well known I" 1 ’
thero was no stock in bands of spinners
inerchats.
The deficiency in the grain and potfttoc
of Great Britain and the Continent, is anl ‘
paled* to act as a controlling influence tok ,! P
down tbe price of Cotton.
According to the calculations now made,
average consumption of 1850 will come oU
30,098 bales per week, which is nearly tl' 8 ’" 8
as 1849.
Eatonton Rah.roaiv. —Mr. Bonner,
gineer, has completed the survey end rna j
estimates for this road. The distance'*
to be twenty-one miles. The cost or g j(
bridging and superstructure he estim* 11
$.131,000. This is less than had - been
ted. Slock to the amount, we learn,
roady been, taken rn Putnam. The Ce ,f
road takea stock to the amount of the
the iron. Tlm» the people of Putnam |f
energetic action, are not likely much 0 r|| ,,.
r einain in an isolated condition.
late them on their brightened prospect
ern Recorder , 21 th ultimo.
