In India there is a difficulty and great expense and outlay of capital required to obtain it. In Australia it is an experiment; and though it may eventually be obtained, it must also involve an immense outlay of capital, and a long time before an adequate supply can be had, as it must be admitted, however reluctantly by those desirous it should be otherwise, that the African, as has been justly said by a Manchester merchant, has in all ages, in all parts of the world, been sought to raise cotton wherever it has been produced. Serious Contingencies and Uncertainty in American Cotton Supply In America there are several serious contingencies which must always render a supply of cotton from that quarter problematical and doubtful, and always expensive and subject to sudden, unexpected and unjust advances in prices. In the first place, the land is purchased at large prices; secondly, the people to work it; thirdly, the expense of supporting the people, with the contingencies of sickness and death; fourthly, the uncertainty of climate and contingencies of frost, and a backward season and consequent late or unmatured crop; fifthly, insubordination on the part of the slaves, which is not improbable at any time; sixthly, suspension of friendly relations between the United States and Great Britain; and lastly, a rupture between the American States themselves, which I think no one will be disposed now to consider impossible. All, or any of these circumstances combined, render it impossible for America to compete with Africa in the growth and sale of cotton, for the following reasons: Superior Advantages of Africa over All Other Countries in the Production of Cotton