Blackwood's Edinburgh Magazine, Volume 69, No. 423, January 1851Various
History
Blackwood's Edinburgh Magazine, Volume 69, No. 423, January 1851
Various
England -- Periodicals; Scotland -- Periodicals
our glovers, hatters, shoemakers, glass-blowers, and fifty others--only
do not interfere with the larger branches, and, above all, do not touch
our monopoly of cotton."
It is now obvious, and we believe generally acknowledged by those
who have most practical knowledge of the subject, that the monopoly
is broken up. America is seriously addressing herself to the task of
applying her lately discovered stores of coal and iron to practical
use; and, as we shall presently have occasion to show, she has no need
to train workmen for that purpose, since the great emigration from
this country supplies her with practised hands. That her rivalry will
be of the most formidable description there can be no matter of doubt,
for she will still be able to retain command of the raw material, and,
retaining that, to regulate the price of cotton and cotton goods at
New Orleans, instead of permitting Liverpool or Manchester to dictate
authoritatively to the world. Whether the Manchester Chamber, finding
their last move utterly abortive in securing monopoly, may succeed
in rearing up plantations of cotton elsewhere than in America, is a
point upon which we cannot speak with any degree of certainty. That
they are alarmed, and deeply alarmed, at the prospect before them is
evident, not only from the representations made in Parliament, and the
desponding tone of their organs, but from the experiments which they
have instituted for the purpose of ascertaining whether some other
vegetable product may not be used as a substitute for cotton. Even if
they were successful in one or other, or in both of their inquiries,
it seems clear to us that they never can hope to regain their former
ascendency. They must be exposed to the competition not only of
America, but of the Confederation of the Zollverein, which now receives
from the United States a large and increasing supply of raw material.
The following table will show the extreme rapidity in the growth of
that consumption:--
Average from
1836. 1837 to 1841. 1843. 1845.
Raw cotton, quintals, }
exported from America } 152,364. 200,093. 306,731. 443,887.
to the Zollverein, }
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