Gloomy Future for England.
--A short cotton supply in England
is contemplated with gloomy forebodings.
The London Chronicle,
of the 19th ult., says:
The bountiful harvest has saved thousands from utter want, and it would be impossible to over estimate the advantages it will be the means of conferring on the poorer classes during the remainder of this and the greater part of next year.
But for this we might well shrink from contemplating the future.
For, let our home demand be what it may, it cannot bring trade to the flourishing position it occupied prior to the outbreak of hostilities in America
The many thousands who depend upon iron and cotton manufactures for their daily bread must inevitably undergo many hardships next winter, and unless we can by some means obtain supplies of cotton, still greater calamities will surely overtake us.
We do not perceive any means by which this end can be gained — unless, indeed, the Confederates
change their determination, and all impediments to our commerce be removed.
It is needless for us to point out the extreme unlikelihood of any such change being made; but it is upon a slender foundation such as this, that we must build our hopes, or accept this alternative of looking forward to a ‘"cotton famine,"’ abandoned mills, and starved operators.