The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-09-19 00:00:00

VICISSITUDES OF TRADE.

• • •
(From the Times.)
fi tit 0 ° d
The problem is to distinguish between real and --e $ll
prosperity, between an increase in permanent tear' Pi;
that which is merely the result of a transitory eeisiter.ictsho
traordinary prosperity in our manufacturing e" t
invariably followed by a reflux. The Registrarso
report instances the case of Birmingham, and disc,u Ave
length the fluctuations in its trade. Increased d,' to t.;
that town, realising to the masters increased profit' is
men increased wages, to the boys rapid prometi°ll,e' sc:id
eertained now to have but a limited term. F0r4,1`,„
it lasts—the sixth is the year of reckoning. ,-1..„'1,-0,33,c'
has occasion but for so many teapots, dolls, fir,e'r,,;sel,
tannia-metal spoons, brass rods, and lamps. un`i;
and the Indian Archipelago, have occasion for so, trig
and no more. Now, it is found that in five Yes o, $lO.Ol
the Birmingham men, when they set themselves
ace Or,
with a hearty good will, can supply the human r‘,.
more of these articles than they can can constiva' lei Iv
ing this fieyday time, " youths have married, the e
Lure of families has been increased, ernploYerel, oPe!feJ
Urged their establishments. and young men le
oppe'for
new raccortes—for the 'prosperity at the tin2e acbt'ir
perpetual." What really does happen during Su
J
tallic jubilees is merely an anticipation of the mod,ving'seiir
ture.rears. The tide ebbs more rapidly than it tieyed
an increased population, habituated to an ince,nee'gistr74
penditure, is thrown out of employment. Th,e"'„,,,ioooo
General, finding the " tendency to marriage' i"; t't
to operate again on the population of Birmingilac:ry
beginning of this year, offers them the following
silne advice :
" Without discussing the great question of the
appears anything but unsound advice to recooon4 te.,;oti
pie of Birmingham, in the periods of prosperDii to ..e of
(which I hope are not far distant, for they beoi
again in the spring of i 848), to deposit a part of Wei,. flee e_o44
profits and wages in security for at least six years, at res'oie-.,
which time it is probable they will find it a convend 00A
to fall back upon until prosperity returns ; and sbou'or
value-one-pound,' ever supersede the sovereignjeat to ~eav,
quated I promise to pay,' it would still be Prut the tel's
the same course, until they find by experience tha 010
of the trading atmosphere, are for ever stilled by t"ji
talismanic paper." xeOlto
but e ea
The case of Birmingham is of course given eOOO de.
prand ;—Manchester, Liverpool, Leeds, are„, tllor
recisely the same vicissitudes and Ilactuat,Lerai and
000
More than this, the interests of the agrietdr intericAsi
nufacturing districts are now so inextrieetuYtue seel;pe'
that the loss of the one has ceased to be event' farroeqoss'
gain of the other. We shall hear no raore2excial 1100'
culating upon high prices in years of alines and
Huddersfield and Lincolnshire, the Potter
biP-0
must stand and fall together. iitiraber eftej
Meanwhile we have to consider the 1846 reac 1
00
registered in England alone in the year moment', eobs1):10
number of 572,625. At the preseab_ere goods oi),0
young, men, women, and children,..l„v_i
about 29,000,000 of us struggling for 11F gets
clw
the narrow compass of these little islands d
;led „zing_ o—of so'
year 1846 the emigrants from the 7,121. is a statebistod;
not reach the number of 130,000. -LI, world's a 011,1
ciety which has not yet been known in dies
Did we not feel convinced that remen ate 0
evils, and .are suggested by their verY
_s;,,Ticreasbei,
.58
be disposed to regard with alarm even al"
urceSt ftegife
ial reso foe Ai
the development of our commercial us o , ,
are now fairly embarked in a career NV
inevitabletsreaerltaeneral.
Bucot nws:qcuaennncoetinretcheedreebotuer:
possible. sot'recitrestait 1°