Total Supply,

2,45O,O0O

Excess of Supply.
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=, Excess OF supply, 3O0,000


Mr. McCay anticipates that this addition.
al burthen will be felt very severely. We
must confess that we think SO to. Since he
wrote his article, cotton has fallen consid-
erably, and is at this moment according TO
quality, from Is TO 3-sd. per pound lower
than ever before known in England. and
full Ia TO 3-4 ofa cent in our own country.


flour planters 60 on increasing their pro.
duciion, cotton will soon not be worth over
: to cents per b., according to quality,
on the plantation. At this price no man
can live by it. What is the remedyl Sim.
ply. raise less Of this and more Of other pro.
ducts. Here is one thing for example,
We believe that pound of fine Merino
wool may be raised in that part Of the south
suitable for keeping sheep, as cheaply as 8
pounds OF cotton can be grown. The former
would be worth 40 cents on the plantation
at the lowest, the latter mol to exceed IL
cents, which makes difference in favor Of
wool growing of more than three hundred
per cent.


But we hear the planters say, well, when
we get 10 raising wool, the price Of that must
fall too. Suppose it doesl Ii will still be
a profitable business, even at twenty cents
per pound; for sheep will enrich your lands,
and tit them for other good crops, while cot
ton impoverishes them. Yet SO long as we
import wool (Which we still continue to do, }
there i little prospect Of its becoming low
er: and when we have supplied ourselves,
we can then look abroad for a markell
Great Britain alone imports nearly, if not
quite, 5O,OO0,0O0 lbs. annually, and France
considerably quantity. Here, then, is a
chance of a market for long time; for we
only raise now about three-tiifihs of what
Great Britain alone imports, and it would
be years before we could reach the produe-
ton Of fifty millions. In the mean while
i must be recollccted that our own con.
sumption will be rapidly on the increase.
Space forbids our pursuing this subject any