Richmond palladium. [volume] (Richmond, Wayne County, Ind.) 1831-1837, 1837-04-15
DANIEL AlILLlKlN.
l.. RIGDON,
S. I.lTTEl.L,
J. b. MCFARLAND,
GEO. w. IelDDELL.
&. FALCONER.

TIE CoTroN TRADE.--A Scottish Magazine
lsays:-''ln the East Indies especially, we
know that the increase of production has
been great. In 1885, the export was about
10000 bales, last year it exceeded 100000,
and in 1897, it is anticipated that the sup
ply will somewhat exceed 100000. This
must OF necessity have a very marked effect
on the demand for American cotton, and will
add greatly to the excess of supply over de-
lmand. Under these circumstances, we can
not anticipate that prices can be maintained,
hence the demand for British manufactures
must be interfereI with
DIscRAcKFUL SCENES IN MURRAY COUNTY.
GEo.-A letter in the MilledgeyilIe Standard,
received by Gov. Schley, and dated New
Echota, March I'd, gives Il disgraceful pic
ture Of affairs in Murray County, in tina,
State. On the 9th Feb. at daylight, fifty
armed men, headed by the sheriff Of the coun-
~. forciby entered the houses of Spring
Place under color Of State authority, made
prisoners of the citizens, and then, having
seized "a musketS, pistols, &c, deposited
there, belonging to the State. burnt the same
in the public square. The ruffians, after treat
ing the citizens with great brutality, march
ed off ten of them, under the escort of the
sheriff, to the county jail of Cass County, at
Capevile. There, by a writ of habeas cor
pus, they were discharged. Several other
citizens have been whipped, shot at, and a.
bused in various ways. 1t is reported that
women and children have been whipped by
the same gang. These latter are said to be
renegadoes and outlaws. What must be the
condition Of things in Georgia, when not on
ly such outrages are permitted, but sanction
ed and led under the very law officers
like the sheriff specially appointed to suppress
all riots and Disturbances
We informed that our imports exceed our OK
ports last year sixty millions Of dollars, that the
balance is much against us-[I'mes Of this NOR
ming.
Our neighbors should revise their studies in po-
litical economy. If imports did not exceed
Cur exports, we should he prosecuting \ most un-
profitable commerce. Even f they were exact
iy equal, there would be loss Of ell the time and
labor. wages, rent, interest, freight insurance,
and the wear and the tear Of the shipping employ
ed. We will illustrate the theory Of the Times
Suppose ship is dispatched hence for Buenos
Ayres, with cargo for that market costing TWEEN
~ thousand dollars In exchange for this cargo,
hides purchased. with which the ship proceeds
to Liverpool, and disposes Of them there for goods
calculated for the Italian market, worth forty thou
sand dollars. Arriving At Leghorn another barter
takes place Cor Italian merchandise suited to the
American market. worth sixty thousand dollars
Here would be forty thousand dollars Of imports
more than the exports for the venture This forty
thousand thousand dollars would bs clear profit
minus the charges. But according to the theory
IF the Times, it would be ruinous voyage! No
gentlemen: 1t is not relative porsortion Of
IMPORTS and exports, by which are to Judge Of
he balance Of trade, but the rates of exchange.
These have, fer long time, and until within few
weeks, been steadily in our fAvor.-[N. Y. Spec
a;oT.