Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1827-10-04
PRINTER IN rrsLIsAgD,
PRINTED ~ Pc5Lishsps
DAILY,
nv sNowDErl & THORNTON
From ne National hteRigenesr.

inland trade Of city il not calculated to lnInre
those who live aud Labor ~ It's viclni'y and that
the quantity OF bread stuffS now brought 10 the
porrs of the Potomac does not regulate their
price on its arrival there.
Before have done, I hope to prove that, IT
all the cad SUITS which, from The situation OF
the coun ry that produces them, ought, through
this channel to find their way TO market. aciu-
al!y descended that river, the augmentation oil
their quantity would mat lessen the pticr OF that
portion nf Them which now does so. II mis-.
take not very greatly, il will appear, in the Sc
Que, Of nv arsum, mt, thar, so long as there shall
exist an effecnal demand FOR Them any where,
their vAluy, to those who produce them, viii be
augmented by increasing their qusnu,y.
proceed 20 inquire into The principles which
sustain these conclusions, aud 10 shew that they
are applicable allie TO all other commodities,
watch seek, through particular market, a
channel to one more remote.
The principles 10 which refer were briefly
noticed in nv late appeal 10 the merchants OF
the District If Columbia. They need a fur
Their calculation in that which now address TO
III. agricphuris,s who deal with thEm
The entire capital ofe,ery improved country
will be perceived is Row through several chan
nels; and in teating Of its various apple ations
may be distinguished by as many denominations
derived from its use i ask the attention Of my
reader to the very common distribution OF ma
tioral wealth, into the capitals engaged in agri-
culture, manufactures, commerce, and naviga-
ton.
L. is Obvious that the last two Of these CAPT
tails are employed in facilitating The exchange
OF those commodities which the &: ST two have
produced or fashioned for use. Since prnduc
ton must prccede consumption, il is no less
obvious, that the last capitals must be OrigI-
nalIv supplied, and afterwards main aimed by
the first The proh; Of the merchant aud ship
owner, is, therefore, paid by the other classes
of sooicy and il is the interest OF those classes,
thai this pr fl should be as sman as is consist
en-, with tie preservation ami relative growth Of
those capitals: fer, that they should Increase
with the uses Ia which the, are applied, Is Az
obvious as thai they should exist.
The prosperity of the merchaut--for, as he
often is, and ALWAYS may be, the ship owner TOO,
| shall consider their interests as be nded in
one-is therefore essential to that IF The agri-
culuris'; whom il is unnrc, ssary for my pur-
pose that should any further distinguish from
the manufacturer; or, 10 ase a colnp,on phrase,
10 denote adinit,ed ruth "the Interests of ae-
riculture and commerce are inseparahIe" II
the commercial capital Of country be sudden
ly DESTROYED, as is sometimes the consequence
OF WA, or paralyzec in peace bv an smbergo,
It's agriculture langulshss, as experience has
taught ourselves.
Without attempting 10 ascertain the precise
proportion, which the commercial should bear
TO the agricultural capital Of any country, il re-
quires no elaborate demonstration to prove that
there is some expedient relative proportion be-
tween them-that they should, Cor prosperity,
grow together, as they Invariably do when un-
INSTRUCTED by public or private calamity.
III the profits OF either Of these capitals can
be greatly augmented by any measure without
injuriously disturbing their relative proportion,
3 il must be beneficial 10 both: and such is the
effect OF every canal, or artificial! road which.
diminishing the price Of carriage, increases the
value OF those products which pay it while on
their way TO the consumer. If The supply is
not thereby increased more than the demand for
those products, the sum total of this benefit be.
longs 10 the producer exclusively; but to him
only, it is true, who can avail himself Of the use
Of the road or canal.
If The profits Of the mercantile capital can in
like manner be increased, without detrac ting
tr' m the sum, or the profit of any other CAPT.
tai, that which produces such rcsuitmust DC
advantageous tosall classes of society, as we
shall In the end perceive, tho undoubtedly
most beneficial to the MERRIAM, himself; and
this result is wrought by an improvement Of
internal commerce by roads or Canas, which
enables the merchant, in given period, to turn
his capital more frequently around, and to
keep 1t always in active employment.
The capital of every mer, hant must in sus.
taining itsrlf, support him also, and his family,
ifhe have onr, in that condition of life which
custom has made necessary to his happiness,
or the usage Of the world requires him to sus
tain, and as this cource of expense is, TO a GER
tain extent, the same with every merchant, the
smaller his cap tai, the greater must be his an
nusl profit on its employment.
As that profit consists of the difference be-
tween The prices at which he buys and sells his
commodities, and thai difference is paid, as has
been inilma,ea, by the producer or the oousum-
srs, or in part by each, it is to the interest of
both, that il should be reduced, lift can be effect
cd without injury to the merchant. 1t is their