The Cotton purchases of the Confederacy.
--The Mobile Advertiser has the following paragraph about the purchase of cotton by the Confederate Government, based upon information furnished by the agent, Mr. J. B. DcBow:‘ Up to the present time Government has loss by the acts of the enemy, by military burnings, accidents of various sorts, and unavoidable wear and tear, about one fourth of its purchases in Mississippi. This will be regarded unimportant when it is considered that almost the only losses which have so far been met with are in Mississippi, growing out of the advance and proximity of the enemy. The cotton in this State cost on an average about $50 per bale, and could now be readily parted with for $250, payable in the new issue, which goes to show that the cotton remaining on hand will not only indemnify all the losses, but have a margin of profits, if disposes of to-day, of about twenty-five millions of dollars. What is true of Mississippi, which has sustained such disasters, will be fine in a compounded suits for the other Cotton States. This is the best vindication of the policy of cotton purchases by the Government, though that policy has been abundantly subserved in our foreign operations.
’
