0 boxes, rose during the
latter period to 635,185 boxes; so that the shipments of sugar from
Jamaica, which were in 1804 to 1808 double those of Havana--in the
period from 1844 to 1848, were five times less!
Cuba will be able to withstand the crisis of the low price of sugars,
better than the emancipated British Colonies, for the following
reasons:--
1. It will find, in its present prosperity, a power of resistance that
no longer exists in the British sugar-growing colonies.
2. Because it enjoys in the Spanish markets a protection for at least
16,955 tons of its sugar, or about eight-tenths of its total
exportation.
3. Because it has secured a very strong position in the markets of the
United States; and both from its proximity to, and its commercial
relations with that country, as also from the better quality of its
sugar, will command the sale of at least 33,500 tons, or about 16 per
cent. of its total production.
4. Because in 1854, after the duties shall have been equalized, it
will be enabled to undersell the British article in its own market.
5. Because, not being an exclusively sugar-growing colony, as are
almost all British West India Islands, it may suffer from the present
depressed condition of the sugar market, but cannot be entirely
ruined, owing to its having commanding resources, and many other
valuable staples,--coffee, copper, cotton, &c.
6. Because, by improving its agriculture and introducing useful
machinery, railroads, &c., for which it has large available capital,
it can produce sugar at a diminished cost.
7. And lastly, because the proprietors have _continuous_ labour at
command, until slavery be abolished--of which there seems no present
prospect. The slave population numbers about 350,000, and the free
coloured population, about 90,000.
The consumption of sugar, during 1847, very singularly tallied with
the production of the British Colonies that year--being exactly
289,000 tons; but as 50,000 tons of foreign sugar were consumed, an
accumulation of British plantation sugar necessarily remained on hand.
The production of the French colonies was 100,000 tons, of which
France received nine-tenths.
In 1836, Jamaica made 1,136,554 cwt. of sugar. In 1840, its produce
had fallen off to 545,600 cwt.; but in the same years, Porto Rico had
increased its sugar crop, from 498,000 cwt., to 1,000,000 cwt. In
1837, Cuba made 9,060,058 arrobas of sugar, equal to 132,765 hhds.; in
1841,
|