The Statesman.
London, England, 1820-11-03 00:00:00

OrYIIcIVYRAL DISTRW of 1,11¢144YD.
We haven harvest as abundant as there has been
•
the memory orman. The earth has thrown futth
. her freasures of Corn, Fruit, and Vegetables, with
I_prstfusian almost without a parallel. Fur the last
thirty years" there has not been greater abundance
oat all the good things which the earth can yield to
. the cultivator. For the last thirty years prices have
nerer—take them all together—been so low. Oats
only be purchased in Dublin from nine shillings to
.eleven shillings a barrel ; in some parts of the
Country they are so low as five shillings and live
• and sixpence. Wheat is 19s. to 235. a barrel.—
Potatoes are 3d. and 4d. a stout.. The Quartern
Leaf will be down to 7d. in a few days. Black
Cattle have fallen within these ten days .£3 per
head. There is no demand from Liverpool. Btit
the great fair of Ballinasloe, which commences this
. day, will cubic us to judge more accurately as to
the future prospects of the Farmer in this parti-
cular. The eyes, not only of the Agricultural 1
• Intermit, but of all Ireland, are now directed to this
. spot. In the mean time our meat market is look-
'We down. It is not so low, certainly, as it onght
to be et the present price,. ; but no combination—
no forestalling, if that were practicable, can sus-
. lain it for any length of time. Pork is almost a
dreg in the Country, and the poor man who depended
upon his pig for the payment of a portion of his
rent, will be almost universally disappointed. All
other articles, eecept Groceries and Spirits, are'
equally low.
This depression of prices has been felt in all the
great towns, and in none more severely than in Doh. I
lln. Thiagt of the least necessity can be got fur
half their value, it is trne; but people have little to'
give for them. Notwitstantling the comparative
cheapness of the markets, we can state it as a fact
within our knowledge, that the shopkeepers of Dublin
of every. kind were never more distressed than they
are at this moment. Women's dress, for instance, has
diminished ONC-NALF at least in price ; we do not
speak, of tonne, of the high articles, though in these
' a considerable diminution has taken place, vet the
want of trade was never so much a subject of com-
plaint as at this moment. The demand at the markets,
abundantly as they are supplied, was never so flat.
horses in Dublin bate fallen from one-half to three-
fourths their former value. Never acre compositions
so general, fur it is not, generally speaking, judged
prudent, to ran the deh:or to the ruinous process of
bankruptcy. 'Fite bills from the country are nut, and
they all cannot, be paid. The liberal itrofession‘ are
sad sufferers by this state of things. The Lawyers,
both of the long and the short robe, have little, if anv
thing, to do. 'f be last 'Assizes wa- almost a blank,
and the next Term promises to be, we understand,
little better.

The cause of the distress in the towns, is explained
by the distress in the country. When the farmer dues
nut receive a remunerating price for the produce of his
land. as is manifestly the case at present, he caPnot
afford to deal with chapters for their commodities.—
And thus it is, that great and general distress, in any
see branch of industry, is felt by reflection In every
ether. The shoemaker does not niche so wetly shoes—
the tailor does not rake so many coats—the artisan
sloes not drink so many tumblers. Building, for in-
stance, isalmoot stopped in Dublin, and thons4nds are
throws. in consequeste, oat of employment. But it is
unnecessary to run oor illustrations to greater length.
Bat what is the cause of the distress in the country?
A variety of causes are assigned—all, perhaps, good
c.inses —for, in truth, this distress is the result of

many Causes.
•First, the war *as taken oat of the Jlarket, and the
Cora Trade came down along with the tin; s. The
revulsion carried in its descent several inter mediate in-
terrsts--the Middle-man, the Factor, and the Export-
ing Merchants. The Corn Laws attempted to stem
;he ruin by placing barriers against the introduction
of Foreign Grain. But though these powers kept our
ports closed, they mold not sustain the home price of
a cornmodity, whose vent was suddenly stopped. The
Landlords, many of them, held pertinatioudy to their
bikh rests ; and the consequence was, that few of them
have been paid half the value of their land. For these
or four yean they clung to this system, but the year
20 is destined, we predict, to teach them a lesson
wbfeh they never an forget.
Secondly, an immense circulating medium was with-
drawn from the country. Pending her preparation to
pay in specie, It became necessary to diminish the issue
of paper. More than a third of the Banks of England
and Ireland Paper has disappeared--and there is
scarcely, at this moment, any Provincial Notes in eir-
el:tuition. We know not exactly how it may be in the
country ; but, although all the Dublin Banks are
known to be wealthy, you scarcely meet oat et &kir
notes in the ordinary intercourse of trade. The dread-
f ILlailnres in the South are too recent to need recapi-
Walk's ; hat Asir effects are still felt indirectly, is
the' general indisposition to take Private Bankers'
Notes. One conesquenca of this would appear curious
W we did not know the cause, namely, that Bank
Parr is. sow moce.valnable than Gold; and it is wits
reinctairce that the Bank of Ireland takes Gold in
payment of their Bills. They mast take it, or they
wld sot.
s)tirdly, the TAW- They continue, and mast
eintain in their full force, until the debt is liquidated.—
tr. until People are no longer able to pay.
it is easier, rat all 011ie% to indicate the dificalty,
and to trace that:ammo( that &Acuity to its soarer, i
than to point est.& remedy. le the present ease, we ,
esodidly gnaw nor inability to do so. But we shall
state Mae 01 the censadlal mesearea pointed out by
*Am.
pay off the Sa-
bo easily shims,
of most of the
money to be raised
eery desirable
ihattles, and Wads,
£80q,000.1.100 Mediae
uses, we ar• N.
ear beasa. 711 If
lawful debt.
.10
(. ear prepseW.

....-..,,.,...1

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. .. •

-It is reeouiseesled by oar sae to pay off tb
tiosel•Rebtat a slap. By this wane be easily a
tifat we &braid be *alibied to get rid et meet e
Toris, lift, limy, it is the way to be i
far tie purpose opt., lag this very slesirebi
Ad?
•111V)11.1% • • et goods, ihattles. east I
h• On. 1118 My. £509,000,U00 Ne
I. 40 •
_.._ sad ae basest area. we a
!!Ctioetri ales *slats. oar beasts
I.4;tysliefy ,S4de jam sot Aiwfisi debt
1
. as spa of ear pal
. Nark 8,10. Atiawiag- **row
.