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The Daily Dispatch: July 21, 1862., [Electronic resource] 7 1 Browse Search
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The Daily Dispatch: July 21, 1862., [Electronic resource], Extracts from the Northern press. (search)
s tends to confirm the impression as to the correctness of these statements. The Times publishes a letter from Mr. Edmond Potter, the Chairman of the Manchester Chamber of Commerce, on the subject of the cotton supply. The nation, he says, wan The revenue will suffer materially; the taxation must be increased, where it can be borne, to meet the expenditure. Mr. Potter says that to India alone must we look for a supply for some years to come; but private capitalists will not run the risimporters, and check for a time — forever, perhaps — any such prices being paid in India for cotton as at the present. Mr. Potter comes to the conclusion that it is the duty of her Majesty's Government to grapple with the question. On the following day "An Old Indian" replies to Mr. Potter, and adduces facts to show that the interference of Government officials in the character of cotton merchants would be prejudicial to the future supply of cotton from India. It is stated that the Ca