Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-10-28
NJ q n Ely M "A IL X EFT.
Friday, Oct. 27. 6,


Considerable discussion has produced yesterday and
today rela Of Delaney Bugy Co Man
ice Gould Co.. which decided by the jury in favor Of
the plaintiffs this morning. verdict $l5700 II Is sadhe
will be carried to higher and that in the Court Of Err
the law commended for by the defendants will stand
chance TO be confirmed
Much excemsst has been caused the commercial circles
by anomalous II il should be contested further will
ultimately test the whole principle which laws
based The decision OF the jury is unquestoaaby in sc
cordance with justice hoa and commercial integrity butthc
opinion OF Judge Tanadge which directly the opposite,
in accurate keeping with the principles of the laws
Many merchants OF intelligence anxious the
up have decision OF the highest tribunal
codipg The principle ef those ridiculous which
passed by the ate legislature To the principles the
point Of absurdy Is the best to get rid Of the sacke
We think the jury therefore, ought have decided according
TO law and therefore, the purchase Of bill
void in Of the difference Of or per
cent the variation between time and cash sales 1.-THE owner
OF property money goods deprived Of telling at the
market price, by the present uury laws we do
not snakes much difference whether IL is bill OF
change, OF hand, any other commodity We can
not ret rid OF ridicu Gus legislation, III ITS assnrav y
made manifest In practise.
The curious Georgia 10 make the south nde-
pcndent Of tn. marine and industry OF the north
beginning 10 good deal OF attention paper or do
put forth Ny the Convention containing some
| remarkable statements and reasoningS
TO be that body that because the South
e expor, n cotton tobacco rice nearly
third Tue aggregate imports that therefore, the north reap
vast profit and the s,uth loses in proportion This idea
something Ike argument put forthey Mr. McDue, tina
the growth of cotton paid all the impos duie and therefore,
that every southern planter list $40 on bale OF cotton which
| TIC northere mercb mt gained.
The whole theory is founded short sighted fallasy.-
what mr.. the constituent Of the cotton tobacco, and
rice productions OF the SOUTH The growing states re-
cee from the oneha OF the value OF their cotton crops
in the -four, bread STUDS provisions, and 81 The
bern wheat wing and manufacturing states From
series Of founded the most unquestionabe data
hch are fully explained in cotton and Germ markc
articles Tor month, have asceained hat the surplus
es in the peculiar products Of the different states fol-
| lows;-
Wheat growing states, 5nooc.ooo
Manufacturing states, i5o,o0c,0oo
amounts about $50 Of the growing
states exported Europe the balance to he north Tbi
forms great element of foreign exchanges ant
appears oute pay for imports of the aggre
gate surplus the growing, provls states, IL
probable that f s25ooo0 transported coastwse or b,
the Missi spp the growing states south and south
west In addit ~ probaely $5s0ococo sen
also south southwest from the northern manufacturing
| states, TO supply the wants Of the south.
From these general facts based the actual currents
trade will be that the wheat brcadsus, provisions an
Of the softhern states become an eleen edua
10 $50 100000 whole crop OF the south FROM h
peculiar action and reaction OF na'iona
;.rv II i nroved tina the corner al the movement
in the souh is founded falacy and blind behei 'ha
hev eeud raise as much they do, without Receiving
supplies from the whea provision and manufacturing states
There Il no danger that any action TO be produced by
veoon of mere theorists change the natural CONNER
and industry OF the unry. II suppose
the United s,a,es Bank a, fret indispensable 10 u
action and reaction oiihe south and nor,l
Amer IN was destroyed then the sste bnahs assumed 10
An. prest agents since the suspension Of Gle p~ymen
ana se entire desoson OF the domestic exchanges, trade he