IS CHEERING NEWS,
{"newspaper_name": "The North-Carolina standard.", "edition": "01", "page": "p2", "byline": ""}
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is to be taken off Immediately The d,, ds''
Cotton IS about l23 per cent. In s;r ny p:, %
Peers Financial Statement made on ~ a'UUeH
February, he remarked 10Th


81 now come to that article. which oe.u


is the most important to the manufsctnnio Others,
commercial interests of this counlry "g and
to cotton wool-(hear, Gear )--and bs Su. SOne now
it. The present duty on cotton Wool il uy upon
the revenue is concefned, 5+I6lhs Of ., SO lar as
pound weight; but as that duty is apnl;ctnny the
whole amountof couoo wool imported s"a 10 the
boot one-ltth the Total amount Of such u AS as a.
wool is unavailable, for the purposes IF cotton
ture, and is necessarily waste, The dov ~ fdnufac-
presses with increased severity upon ibo, curse,
fihe whole amount, which is capabe PSruon
used for manufactures. 1t is estimated VI IOelng
lieVe the estimate 10 be a reasonable ons S De-
ought to add one-slxieenth more to the fve..M;e we
.teenths, in order 10 calculate the full sro'x
duty paid upon the whole of the cotton w""1 oil
Is actually manufactured in this country s.; taat
teenths, or three eghths of penny per n uo:H
would, therefore, be the total amount Of Gn,n sat
on cotton wool. Now, when the price of oaps pau
WOOL IS tour Penee-per pound, on the aveTsau stun
three-eights OF penny per pound, is dnt~S
nlne per cent. on the value Of the raw ma,or;" GI
the price OF cotton wool be as it has been Of
not more than pence per pound tbree-eiob,L"ec
one penny per pound is duty amounriny "tns =" oi
less than l23 per cent. on the value of tho r nO'
terIak Fhfs duty so levied falls with keve,;,r Da,
the coar$est description of cotton (hoor kayo ou
uron the fine mousiins you can IarJlv' ".Gi|l "S'i1l
the amount O. duty, ii is so small the coat a.
fabric and the more it is 10 common W. "a me
higher IS Hire amount Of duty ltiS in rorn u, 'le
the manufacture of the coarser fabrics ,In. "
manufactures of this country are exposed ,o ,L
most formidable competition in Sonrh S,:ne ~ :ne
and China, and even in our own colonies Tt
he0T.) Of course, in respect Of the manuractr-ni
cniton> OF the UBIted States we labor aIr.aTY 49,
der great disadvantage from the ready occsa. ~"
whlch the people Of that cOIntry possess in ,L.
raw material, and they are 10. midabe compe1iror.
OF ours in ali the coarser descrip,ions of cn,"H
goods. know il will be said that this trade
IS now in fiourishIng condition, but we must net
disregard the formidable con- petition to whcbir =.
exposed, (hedr, hear; we must consider how ma.
te'laliY this cotton manufacture, (iOud cheers)-
how materially it aided in enabling US to %
through successfully thai great conflict in which
we were some thirty years ago engaged. (cbeers]
what thousands and tens of thousands OF persons
there are who are indebted 10 il for their occup,
hon and subsistence. Seeing and -c0nsIdpriny
these things--seeng the amount of duly impo,rJ
upon the coarser fabrics-seeing the extent OF CON-
petition TO which they are eXposeJ-seeilg the
Importance Of this manufacture to the cOmrper-
cf0L greatness Of this country, are are pyppayed
to GdDiSe The abolition of duty on C0,toa JjooL-
(totd ana Hng continued cheering.) The estima-
ted loss 10 the revenue by the Gbonion of lbe duv
on cotton wool-lAkng guide The amount re-
celVed last year-wtll not be less than E690 OO0"
A member asked how soon it was intended that
this change should take effect. Sir Robert Peel
replied: Immediately."


The above is quoted from the European cor
correspondent says further:


" Thus our great staple is at once, and volunta-
rily, TO be relieved of The burden which it has
hoari ntIU
no less sum than 100000 per annum. This
vhl | am persuaded, be joyful Iidings not only 10
he cotton planter, but TO the entire agricultural IN
crest in the United States. The stock OF Cotton
n Great Britain. which is bnt lille below 100000
'ale< is 10 receive no benefit whatever from this
boliuon OF duty; and, therefore, prices must slight
y improve in our markets. The producers Of The
rtIcic, in the present condition Of The world, can
lot reasonably expect what were heretofore regard
ID high rates for their crops; but they may eX-
,cet living and uniform ones. Let them continue
o cultivate their fields faithfully, and they will
in few years. drive Iheir feeble COM
India, EgypI, &c.-EntirrIy from
he European markets. This advice | have re-
eatedIy given them through HE columns of The
and time has tested its soundness."


Should the British Government perserere in
his policy and should this government modify
is present oppressive and unjust Tariff OF Duties
S it is bound TO do, and as II will do, in our opn.
on-we shall soon see the masses of the people
n both sides the water enjoying the benefits Of
'drifs laid strictly upon the revenue principle
r, IN othcr words, we shall have Free Trade
he paragraphs we have quoted speak for them
elves, and may be relied on. We therefore say
the Southron-to the cotton and sugar planters
cheer mp! Brighter and more prosperous days
re before you. England mxst have our cotton
nd sugar-she opens her ports to you-and you
ave the lands and the force TO make us much
both as yon please. Texas,now ours beyond
Il doubt, widins the fields of your labor. Tex
5 will become, in all probability, a sugar.grOW-
g State or rather, the sugar interest will pre-
onderate over tho cotton interest AT any raP'
e shall have the control of the trade in these az
ces, for it is notorious that The efforts of the Bit
b government to introduce the culture of colon
Ito its possessions have failed, and the annuai
1antiy Of British sugar has fallen off one-ha"
nee 1884. In 1884 the island of Jamaica, LOT
stance, made l,256,253 cwts--in 1889 only
55,678 cwtsf


The Register barely alludes to this important
sm in the Foreign News. Is he not willing"
eet England half way2 During the eompaign,
. argued1for a reraIiatory Tariff. Whas Will
; say, now thai Great Britain is about to over
row his argument What will the IndePrno'
It say2- Will he content himself with hndlnS
in the Standard" or will he labor


