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THREATENED DISSOLUTION OF THE AMERICAN REPUBLIC, AND GREAT MOMENTARY PANIC AMONGST THE BRITISH MANUFACTURERS AND SHIPPING AGENTS. UPWARDS OF HALF A MILLION OF MERCHANDIZE FORCED UPON THE HOME MARKET AT AN ALARMING SACRIFICE.[caption title and first line of text].
[London. 1861]. - Broadside, 15 x 9 inches. Small loss at bottom edge, neatly repaired. Lightly toned. Very good. Archivally matted. As the Civil War opened, the southern states - here referred to as "the Land of Inhumanity, Cotton and Slaves - believed that their control of cotton would be a deciding factor, bringing Britain into the war on their side. Nearly twenty percent of the entire British population depended in some way on the cotton trade and, as the Charleston MERCURY announced on June 4, 1861, "the cards are in our hands, and we intend to play them our to the bankruptcy of every cotton factory in Great Britain." Because of a record 1860 crop, however, there was no shortage of raw cotton at the beginning of the war. The decline in demand and the unwillingness of English merchants to trust the American export market for finished goods led to the dumping of existing stocks at reduced prices on the home market. This broadside advertises one such panicked sale, made by Aeneas Head, with cotton bales discounted 53.5% from the invoice prices. An interesting piece.
      [Bookseller: William Reese Company - Americana]
Last Found On: 2014-10-10           Check availability:      AbeBooks    

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