Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1837-08-09
THE TIMES.

We are now receiving good news from all
quarters of the globe. We have accounts of the
arrival of specie into the United States-of the
determination of the New Orleans Banks to re-
sumo specie payments-and, what we look upon
as being still more important, the improvements
in foreign markets, with regard to cotton
This will restore confidence throughout the Uni
ted States-and more particularly at the South,
where there has been the greatest distress in the
money market. The Southern papers aay that
the cotton crops, and in fact all other crops,
were never known to be better. The time is not
far distant when we can export sufficient pro-
duce to England to pay off the balance in her
favor, without being to the trouble of shipping
specie. Then there will be nothing standing in
the way of all the banks in the United States re-
Stunning specie payments.
LIVERPOOL, June "a.
There has been a very decided improvement
in the cotton market since the worst has been
known relative to the expectations from the Uni
ted States. II is some satisfaction to be assured
even of the worst. When that is known doubt
ceases, and the springs of enterprise obtain a
new elasticity. Trade is thing governed by
fixed principles, and of these the leading one is a
certainty of the grounds on which it acts In
this place, the assurance that commercial affairs
in America have passed their crisis, has caused
the rc-action--has created the rebound which,
with ordinary care, will probably eventuate in a
wholesome and, at the same time, an extended
renewal of the enterprise which, discreetly work.
ed, will cause general prosperity and individual
cess.
The improvement in the cotton market has
been followed, if course, by like Improvement
in other produce, for as the chief staple sinks or
rises in price, there is a corresponding decline
increase in others. This improvement will ex-
tend itself, of course, beyond Liverpool, because
what causes the advance here, must produce
good effects elsewhere. The increased demand
for cotton here leads TO the conclusion that the
manufacturers of Manchester, Stockport, &c.
will resume their full tide of work and, indeed,
the latest reports from the manufacturing dis
tricts already show some of the favorable results
we mention. But, it is not alone from what we
may call " the cotton districts" that such reports
may be anticipated.
Trade, although much extended and delicate
complication, has its various details mutually
dependent upon each other. The same causes
which give life and spirit to the cotton market of
Liverpool leads to an Improvement in the demand
for hardware from Birmingham, for cutlery from
Sheffield, woolen cloths from Yorkshire and the
west of England, printed calicoes from Man.
chester, and China from the potteries of Stat.
fordshire, Worcester and Derby.-Mail.
Let us hope with the reviving energies oftrade,
the spirit of over speculation may not revive also.
1t is wild and delusve sport. 1t has led to ma
ny, if not most of the evils under which the coun
try has for some months acknowledgement from
which it is only now beginning to show syptoms
of recovery. An awful lesson has been taught
may the merchants and manufacturers of Eng
land profit by it.
New York, July &c.
Cotton.-By the Roscoe and Poland, advices
of the healthy and active state of the Liverpool
and Havre markets have been received up to the
21st and Oath ultimo. These accounts have
had the effects of creating an animated demand
for shipment during the past two days. We OBJ
serve no advance in prices but tho market is very