Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1829-06-01

From the JNslO York DAILY Advertiser Of Nm, o.
The commerce Of Europe is said 10 he m , me-,
embarrassed and distressed situation nj Tho 49,.
time, than was ever before Known. There anneors .,
oe stagnat'pn OF business, both in trade and ,no,,
I1ctnres Throughout almost all Europe. Had tbssatc
OF Things occurred when there was oenernl 49,,
over that quarter Of the world il couId The 80
silly have been accounted for. But t!lerc bos Lo,
peace OF uneXanpIed continuance peace of aho,,t
nItech years Duration Nor has il arisen from ,,,;
form system of il.judged policy umonr tho na,or.
tor some OF them have pursued one system and 80,
anothcrj and yet the evil exists in them all md q,
SUCH an extent, in variety of instances as to bave
become not only distressing, but alarming. In Euo-
land, the cotton manufacturers the elk vyeovcrs o
others, are petitioning Parliament for relioe -
France, among other descriptions of persors ,i,
Vinegrowers, as they are called appear TO be snf,
ing very severely. 'I
In such state Of things, great complaints oro lie
OF the monopolizng system and the roetric,;o "
trade. n correspondent of the London Ti,nos -,
that paper Of the sd of May, says that NOT oni :;
there distress among the silk wcavers but the same
KIND ct distress exists in other branches of tr,I
throughout the Kingdom, such az the cotton. uooIic
&C and appeals for the proof Of tile remark 10 fin,
tumultuous rising OF journeymen rIapuCacturors 40
Glasgow, Manchester, Stockport, and in the west OF
England-''ail arising, as he soys, "from the decay
oftrade, heightened toy the dearness Of the price az
bread The editor Of the London Courier. al flc
close OF an article which We publish this mornn,.
says-"W th respect 60 tie foreign trade with each
country, tneTc 10 n jealousy winch the HIGHEST
degree detrimental, not only TO one, but To all We
cannot understand why Commercial Treaties unon
fair and liberal terms, should not be entered into b,
tween every state in Europe, by which treaties MI
Prohibitory system should be done away with Of once
II is now profitable only TO the smurgler"
The effects of such state of thinGs in tho coror,
cal countries Of Europe, aud especially in those with
which we have the most intercourse must II II cor.
tinucs there, be sooner later felt here In ric1,
noticing the general subject week or ten days since
we remarked TINT eff there any such thing as so,-
thng thus matter, u must be by negotiation r1,n r.
arge scale Let all commercial nations como 10 a,
UNDERSTANDING upon n, and ricD thoy wiz find or
each others views and be able 10 regulate their own
matters accordingly"
The subject is ono Of tho highest impor;anco 90
INC civilized world The probability is that the as-
ars OF nations IN relation TO each other will be con-
ducted with more Immediate reference to the intoT-
ests of commerce. than TO those Of conquest and
military aggrandizenent. Peace 10 now tic f0ehion
to large cXtcnt and IL il is to be- disturbed shortly
among the great maritime powers Of The world, i
WIZ probably be owing 10 some olaslng rivalry IL
trade and manufactures. A general arrangement
by treaty. of the freedom Of trade, would be mo.
infoEilrt Ica'ugo pftho 7olicv nfrstiors