Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-04-02

COMMUNICATIONS

4 VOICE OF WARNING
Ee7leions oper0ti00S 81 0"r present system on the
interests of the iobdceO planters.
proceed {" dela the effects nj $, STEM on the
i"oAceo planters, by Cutting the lorcien M. keis
'he inevitable consequence of the depression AMI
fn'n Oi tue manufacturers aud ncglecung The sound
advice Of Adam Smith
Hhdterer fends 10 diminish IN any country the
nNH5sF NJ drtfcers and uf1efrerS TENDS ~ u,i-
ish Uie hon-e mlrkel me masf io.port of all n,,r.
krf fer NE rude produce If The LqHd ; 1Ild therein
stu Further 10 discourage I.sricH!inre."
lhis m"xinl, one OF hie soundest in The whole
fAhSr OF poiiticaI economy, Ii standing repToaCh
10 our poicy, and a Standing cmlugium on that of
t'iea Britain. Ours has, at every stage Of our pro-
eTess, been IN direct hostility with il. We are con-
sianty, once more repeat, converting mamulac ga
Ters i"iu th'mers-"Ed farmers into pianiers-and
thus overwhelming al The ma, kels 10 the world
viii ptodu, lions. Whereas. this is almost The
only important maxim Of the Wealth OF Nations
which is undevaiingIy carried INFO operation hy
Greli Britain. II ought TO br engraven in letters
OF gold over the chair Of the Speaker OF the House
OF Representatives. aud lhst OF the President Of the
Senate.
Our export Of tobacco in the wear 1877
was u sos hhds., which, 10y The measu-
~ returns, averaged SIf3 per hind. and
=, amounted to S9,23O,o2O
[ 81 1897 hhds and eu,ied the markets ST.
completely, that the price fell TO III,
and tie amount WAS only 1857 .129
Thus, while We increased the qulnliry aboy. So
pei cent. we increased the amount only ;,bout per
Geo. THIS IS somewhat like realizing Dean Swlll :
arithmetic.
TIE quantity exported TO Great BRIAN in 1918
was moro ii,an roolJe that Of The preceding year.
10 lGlI, III, 800 hhds. lis 1885, 81 200 When tie
Influence OF the British nIukcts On our s,nrIes 20
considered, his fact will folly account for the re-
ducOn uf price.
Distress spiead almost universally throughout
virginia ia J8i8-IV, IN consequence OF the heavy re-
dsct0n Of ptice Mos Of tie shippers were severe
" crpp'ed-niaDy Of them neiy Iuimed.-Thc
losses Of The planters, IN consequence or the hank-
rup;cy oil the shippers, we're immense Some Of tie
fret fafn4ifa t.ars. ssgstg.a a r.
baTrlssment aud distress.
ln 1919 nur export Was CO, Al hhJs.--ihe
price Sll0-aud the du,i. $3.50 go
" 1920, we once more gluitPd the foreign
markets 10y shipping $50 10 hhds-The
price fell 10 about Sg5-and tie amount
only 1868 GOO
Here is increase in the quantity of about q
per cent ana an increase IN The amount Of only 4i
per cent.
IL 1921, we exported G6 1853 bhds which
is he maximum thai the oonsumptino
OF Europe requires But The glul ofthe
preceding year opera,ed 10 reduce the
price TO about g. 6O-lO0 aud tie a.
mount vas 5,Clo,9G2
cxpUIt Of o., 100 bhds. which pro-
dIcpd . iurbes rrdncfiOn 60 about Is
G0~IJJ' The pr0recds we're G,222 333
Here o. an increase ~ 10" quantity of about -
PEI trn' "nd HH increase ~ ihe amount only Of i
per- cent.
LAT yen we exporrd sGl greater
quantity nn less ihdn 30 O0g bids. ~
about SGj,l5 per bid which amounted
3 ogC C11
titus 40 iucfoose Of about 20 per ceat ~ lie
Qr'nty, pfndurf 40 incte1sr 81 only one pct cent
~ ih' amo'in Inn $3.50 hhds. We received bat
859,Gg1 Wnaf astounding fact What MOI
81 stroke ai the pot - Of Mr. Ga,ncu, 10 inrtease
oar imr0i fiu our cXpotfs may lie likewise IN
creased Wha lesson on political econonr,
WIZ our statesmen pro6t H., IL, Il t., alas Tor thr
tOWHty improbable.
Here We see rceul,r production or he prc.
FROM year 80 year H. 1928 it Was not oear h.if
what 10 wa 10 iGl7-a lrnlc more han tsr ~ hat IL
wa ia l3l8--tnd not two-il,ifJs IT INC price oil
1919.
Tie mnrkeis of Europe NC glutcd wih This sra
plr which o, complete drug every where, and Ike
j. go 10 contr,ae, except the finer qnilirs Which|
are scarce. The sr'trmcnfs of the Liverpool MGR.
chants 5"d oW The most gl0oniy prospects fpr the
present year, ~ consequence ct Tie evtta0fdinafy
snrplus 10 40 the foreign rkc.s. The siot in
Europe 80 the close Of tl'c let year, was Is 600
hhds. hriug 10000 bids. above one yea consump-
tionf
The stock IL American tobacco IN Rotterdam, on
The IL oi .oDafy, 1923, was 6i33 hhJs.--and On
the 1T Of Tie corren' graz wsS 1886. lie con
sumption Oiltst year was 1921 hbds.