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   GIUSEPPE DEVINCENZI
   and it is commonly believed that, in the present year, they will import the same quantity. But we cannot assume, judging by past experieuce that the exports of Indian cotton will be increa sed to a very great amount, and this is the opinion generally received. There exist, in the East Indies, almost insurmonuntable diffìculties, which it would be here too long to enumerate, both as regards increasing the quantity of cotton produ-oed and improving its quality. In the conference lield at London, on the 13th of August, one of the most iufluential members of the Manchester Cotton Supply Association, Mr. W. Wanklyn, rernin-ded the meeting that such and so great was, in India, the general discouragement as regarded the cotton cultivation, that ali the efforts of the association have proved almost entirely fruitless.*) We would now observe that the nations which are desirous of commencing or increansing the cultivation of cotton must take into account two ditferent periods, the one during the war of the United States of America, the other after the reestablishment of peace in that country. It is most ardently to be desired that the inhuman and fratricidal war now raging in the United States should be brought to a dose, but it is certain that so long as the war shall last, not only will the prices of raw cotton be maintained at a high rate, but that they will become even much hihher than they are at present. To simplitli the argument, we will suppose that, with the restoration of peace the United States will regain immediately the same position which, previous to the war, they held in the trade of raw cotton. But wo can, at the present moment, foresee ali
   ') Cotton Culture.  Beport of Proceedirirjs at a Conference held August 13ih, 1862. Manchester, J. J. Sale, p. 41.