Norman's New Orleans and Environs: Containing a Brief Historical Sketch of the Territory and State of Louisiana and the City of New Orleans, from the Earliest Period to the Present TimeNorman, Benjamin Moore
History
Norman's New Orleans and Environs: Containing a Brief Historical Sketch of the Territory and State of Louisiana and the City of New Orleans, from the Earliest Period to the Present Time
Norman, Benjamin Moore
New Orleans (La.) -- Guidebooks
Casting our eyes back to no very distant period, and noticing the
small beginnings of our early planters of cotton, the reader will
pardon the introduction of a trifling anecdote. During the year 1784,
only sixty years since, and therefore within the memory of many now
living, an American vessel, having _eighty bales_ of cotton on board,
was seized at Liverpool, on the plea that _so large_ an amount of
cotton could not have been produced in the United States. The shipment
in 1785 amounted to 14 bales, in 1786 to 6, in 1787 to 109, 1788 to
389, in 1789 to 842. An old Carolina planter, having gathered his crop
of five acres, was so surprised and alarmed at the immense amount they
yielded, which was fifteen bales, that he exclaimed "well, well--I
have done with cotton--here is enough to make stockings for all the
people in America!" The cotton crop of the United States for 1844 was
2,300,000 bales.
The fluctuations in the foreign cotton market, within a few years
past, have produced, among scientific agriculturalists and experienced
planters, no little speculation upon the course which a due regard to
their own interests requires them to pursue. It is not to be wondered
at, that in a country so vast, so luxuriantly fertile as ours, and
teeming with the most enterprising and industrious population on the
face of the earth, the strict relations of supply and demand should be
occasionally disturbed in some of the many abundant productions of the
soil. It is always a difficult problem to solve, especially where the
field is very large, and the producers many, and constantly
increasing. In attempting to meet it, the first question to be
answered is, does the present supply greatly overreach the present
demand?
Public-domain text, read in full here on John Shaqi.
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