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The cotton interest.

--The N. O. Delta, of Wednesday last, has the following in relation to the receipt of cotton in that city:

Our shipping intelligence informs us of the arrival, yesterday, of 120 bales of cotton by the steamer Mary T, which swells the stock now on hand in this city to 10,886 bales. The determined policy of the South, the unanimous voice of our people, is thus disregarded. It is a small beginning, but still it is a beginning, and ought to be treated as such in the way all such violations of public policy and duty are treated. The parties who receive, those who send, and those who bring cotton to this city, are all participants in a palpable violation of the declared will and obvious policy of our Government and the interest and defence of the people. If not stopped at once the quantity brought will gradually increase and the patriotic determination and purpose of our cotton factors and people will be defeated. If there are factors who are unpatriotic enough to receive such cotton, it is not right that they should profit there from, while the great majority of the factors are submitting to such serious sacrifices in order to carry out the policy of our Government.

The Governor has made many seizures of private property, such as gunpowder, sulphur, arms, ships, &c., and he might, with equal right and wisdom, seize the cotton which is sent here to endanger our safety, and forbid any further additions to the amount now on hand.

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