Wheeling compiler. [volume] (Wheeling, Va. [i.e. W. Va.]) 1829-1831, 1830-01-20
PHILADELPHIA. Jan. 2.

!
redundant capital has improved by the
erection Of new wharves and a valuable
marine railway, the convenience Of It's
I harbors both on the SchuylbQll and the
Delaware. The number of private build
iings has greatly increased, and the city
is embeIhshed with MANY new and ele-
giant public edi6ces. But our business is
( more especially connected with its COM
|merco. and having endeavored TO furnish
throughout the past year, such informa-
/ ton the state of Ibis market, and of O.
Their important markets, domestic aud TO
reign, as was likely to prove useful to the
merchant, we may, now it has closed, be
permitted TO indulge in some general OBJ
serva,tons, with the same object in view.
The war which for two years desolated
the East has had little influence or the
markets Of the West of Europe or Of A.
merjca: nor has any thing important oc-
CURED throughoU. the year, affecting our
commerce. relations, If we except the o.
pening OF the Black Sea, which las result
ed from the termination of that war
That some employment Cor orr surplus
shipping, may be found in tbat quarter,
we canaot doubt, and until the Grecian
commercial navy is resuscitated, the IN
fuence Of that opening may be felt by
our shipping interest; but the productions
of the countries bordering on that sea are
so extensively the same as those Of our
own, that commercial interchanges to
valuable amount, cannot be anticipated.
Should we import iron or hemp from
thence, It must be at the expense Of our
Baltic trade.
It is stated in the late London papers
that negotiations are on foot for reopen
inc the British West Indies TO our trade
We fear this Will not be accomplished
without a sacrifice much greater than the
direct trade will be worth TO us over the
indirect, which we now possess through
the neutral islands. Much as The British
writer's consider it q boon which should
not be GRANTED TO the United States. we
/ believe we are warranted 10 saying, that
/ the merchants Of the Middle States do
not ask t.; and they would at least con-
slider Il dear bargain If bought by grant
( TO England OF the triangular U0gQgC-
/ that is. the right TO British vessels Of car
rying to our ports her manufactures, sail
( ING from thence to her isIouds with our
productions. and there 10 load back to
England. Before such a gran. the car
irving trade with England, now almost eX-
cuslyely our own, must fall, unless in
deed o1r vessels are also permitted to
carry the productions Of the British West
( IDdles to the mother country. 1t Is clear
to us, however, that those islands never
! will prosper without a direct and open
trade with this country, and sooner or la
ter it viii be granted, without being con-
sidered a boon. They are becoming a
burden to Great Britain, Of which we
shall be solicited 10 relieve her. We
think we could show Conclusively, that
( Jamaica has not consumed less ofour flour
and provisions generally, than when the
trade was open, and the additional ex-
! pense of transportation by the indirect
/ conveyance, must have fallen on the con,
sumers.
| But leaving this arrangement nth Eng
land, to the management Of our Ambassa-
dor in London, 10 whose judgment and
discretion we have great confidence, we
viii now come to a review Of the state of
our trade for the past year, 10 some of the
leading articles of
Domestic G00ds.-There was evident
Ilv an excess in the production of American
manufactured goods in 1923, which being
pressed on our market, occasloned, a ma
terial reduction in their value towards the
close of that and the beginning year. The
losses sustained were no doubt considera-
.ble. and manufacturing establishments.
not discreedy managed, were compelled
10 stop, and others stopped from choice.
The dimunition of production, with an In
creased consumption, az low prices, has in
/ n Great measure relieved the market, and
the stock of goods is comparatively light.
Many articles have already improved in
value TO afford profit, and the time Is not
distant. when all the spindles and looms
+ in this country viii he again in profitable
ACTIVITY. The Tariff, no doubt, contribu-
ted to an over production, by attracting
suddenly too much capital to manufactures;
but though unpopular in the Southern
( States, II has furnished them with clothing
/ 50 per cent. cheaper than 3 years ago, and
increased materially the consumption OF
their cotton; and abused in England as an
0ufi.coIu-lqW measure, It has established
IN basis which cannot be shaken, the
imnortant manufactures of our country.
t ...t-.o- $500, = -, H. cot