"The decline in the quantity of cotton imported is notoriously the consequence of the smallness of last year's crops in the United States. . . . . It is remarkable that the additional supply which has made up partly for the shortness of the American crop comes from the Brazils, Egypt, and other parts. From British India the supply is relatively shorter than from the United States. It fails us more than that of the States, and the fact is rather unfavorable to the speculations of those who wish to make us independent of the States, and dependent chiefly on our own possessions. The high freights that have prevailed, and are likely to prevail with a profitable trade, would obviously make it extremely dangerous for our manufacturers to increase their dependence on India for a supply of cotton. In 1855, when we have a short supply from other quarters, India has sent us one-third less than in 1853." The _Economist_ of February 23, 1856, contains the Annual Statement of Imports for 1855, ending December 31, from which it appears that the supplies of cotton from India, for the whole year, were only 145,218,976 lbs., or 35,212,520 lbs. less than the imports for 1853. Of these imports 66,210,704 lbs. were re-exported; thus leaving the British manufacturers but 79,008,272 lbs. of the free labor cotton of India, upon which to employ their looms.[35] This increasing demand for cotton beyond the present supplies, if not met by the cotton growers of the United States, must encourage its cultivation in countries which now send but little to market. To prevent such a result, and to retain in their own hands the monopoly of the cotton market, will require the utmost vigilance on the part of our planters. That vigilance will not be wanting. FOOTNOTES: [32] Benton's Thirty Year's View. [33] The Tariff of 1846, under which our imports are now made, approximates the Free Trade principles very closely. [34] These figures are taken from a part of the _Economist's_ article not copied. For the difference between the imports from India, in the whole of the years 1850 to 1855, see Table I. [35] The commercial year is five days shorter for 1855 than in former years. CHAPTER XII.