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Browsing named entities in The Daily Dispatch: June 14, 1864., [Electronic resource]. You can also browse the collection for McHenry or search for McHenry in all documents.
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The Daily Dispatch: June 14, 1864., [Electronic resource], A change in the command of the Richmond Department . (search)
The cotton Trade in England.
We alluded a short time ago to the letter of Mr. McHenry upon this subject, inferring from what was therein set down, that a famine in the article was imminent.
We resume the subject this morning.
In the year 1861 the cotton of all sorts imported amounted to within a fraction of 1,900,000,000 lbs., or about 4,750,000 bales of 400 pounds each.
Of this quantity nearly nine- tenths came from the Southern States of America, so large was the proportion which it was found necessary to work into the inferior staples from other countries.
For this cotton £36,000,000 sterling were paid.
It was imported in 1860, the year of largest importation.
When manufactured and sold this cotton brought £56,000,000 sterling.
The year 1862 was the year of least importation.
That year but 525,000,000 lbs. from all countries were imported.
It, nevertheless, cost £35,000,000 sterling, and when worked up, sold for £80,000,000.
When we reflect upon the immense popu