The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-11-10

has been binutN coIfoNSu hohs iiVsN 49,
republics aud the modern despotlsms, whose
policy was to regard war as The only honor
able pursuit A. agricultural productions,
which liad their market Principally IN Ia
reivn countries, constitute lhe almost ese'n
s,ye sranrces If our wealth, the mercantile
class Is as indispensable TO our prosperity
Il The agricultural Their interests afe
,n,,isafnsahy identified, and whn'rser affects
the prosperity Of the one, must have cor.
RESPONDING influence on the other. How
much. then, DOES the general welfare oi tie
slaple growing States, depend upon di'eIlins
INTO the pursuits at commerce, larger pot
ton ii tie capital, the character and the tai.
ent which have been hitherto directed too
exclusively to agriculture and the learned
nrolessionsl II Is the deliberate oFlnlono The
committee that no one change could be- made
IN our pursuits that would So largely conirl.
butte 10 the pubic prosperity, aud that those
public spirited cillzrns who shall take the
lead m this new culerprize viii deserve to
be regarded a. pubic benetactors. The
prevailing habit Of investing almost the
i hole proceeds Of our cotton crops 10 iat'ds
and negroes has produced constant iehdto.
- Ia over production ~ this great staple, hna
nothing hu' the extraordinary increase q 'ls
consnmptiun 10 the great market 81 the
World his prevented q from experiencing
The r,ltnous consequences q our mistaken
nnlicy. In rhIs ,l,N ul the sulJ G., every
d.ll,r that shall ~ diverted from the pro.
duc,ion of cotton 10 some other Profitable
norsl,t, viii b. 80 much clear gam q the
plantcr and 10 The country. Il Is sell g.
tabl,shed principle. IN political economy,
that an EXCESS bsVund the eihctenl demand,
aiminIshes the Price of an article, more than
m proportion To- the eNeess, and that Den
cicrcy of supply increases the price % =
corresponding degree. For example, 4 =
believed that II the present cotton creep :"
the Umred States should be only 200 bale~.
II would produce larger aggregate sun "
the planter than II Il should prove 70 b. !,
800 bales. the prlce burg more enhanced
than The quantity wou'd b. nofe diminish.
"a. Il sa~ upon thi- pr0c,ple thai The
Dutch Last lndla Company, ACTUALLY burnt
mos halt of their spice that th"t might -
tam more ior the remaining ball than th' y
could hate obtalncd lar The ) hole Let u
anr-ua 4 >,lll wiser pallcy ln~ira u burn.
,ne ulr surplus let o. dtrec Hr capital and
industry lhat pr aer It. & athet ~ fi'ahli
aDr~mts. whtcb all aprn nes sources Ct
asal.h aud j The sa.a~ tue Increase thr
t3iuc It those aiftads n existence. H.
eqrneytun atth fGts ttpA II & 2 I'd r., IT,
policy III raising vtefs >urtlt, "Mth the
~pli y II pfodure cannot t. go s'fun2lN r.
commended Ry sba'rsrf sacusn. "a
sous i confrar, yeticS mas y g.Hai+naHr
+ ed, ex,eneucv pros thrn Il e. ialAcr..s
lfesets pIauief veu.d rat-t. ID. oaa ssipf.ar-
II Is. sanai. productions Il tire ~ati sai
Ii nc animals ~htsa f.d upln the.e
Dna8cn1r-. II napd i.ud -tea's q hanl
Jhr excessive pfadetlou d a1r great -.
aies, ami lucr 40 Il tie sat.e ttHr the o..
teae.arn,e au4 tie iaeuu. Il lar r,uf
lurai class.
The Committee $50 nos proceed e -
anime. 0 mtir ~ friai, fne is art-r, q
tie southern ciles i0f TO- business IA Il
reign lppprtauon, compared stlh 'h.-r q
the Northern cities In to- tift lltr.
hausr II is much h-Btr 10 he latter thai
il taa fsfuer, very mp5raai r4eueg' d
the calculation. l.,tHe .seesH alaee E,te l.
i bs.u'ually higher leam E4Tope to tas
Northern tuan ts the Soutbegp turs. Fen
tha tiltn rctsaH That sHF~ rs#EtuE to tizt
South IT, Cotton wauid aare to elmr "
baiiast II they wee nest ttc- bfea atth urf
ehaua7" .Aflihn other elements taat e. %
.f.ufe she cost &C tnpnnau1a are bsbeset
10 te as cheap IN the SUtteou q To tIr
%atIen cltles, II - then damaa,trabb,
taal foreign metehaua =. Gao be actual,
imported aud sp!d 10 ia" former al choape
rates ttaq 10 the batter phrrs. " ben Il
fms Sc add ;be exp vs. If tapsHpBeut q.
New isik 81 PhaadetBula, tho iuss Of 10
tcse-t and !psurance b. thu ;. ulharn CITIES
and the Expenses &c landing and storing
riieu - vill b. APPARENT that the merchant
ii t9e Saufh or Saufh West vii. tiud great
Is r. f4sir advantage to make fher p0rcha
$50 If foreign merchant u ~ our cttles Il
preference 10 New York or Philadelphia
I he same course ri reasoning at!l show
thai aur rotten can b" exported directly from
Our own saap5fts with similar advantage
rNer the morn cireuit9u- route u he y nth
een cities. /, seems, therefore, perjecIl,
clear fa thu Committee, that our capitalist
Wh, shah enter INTO the lne,nc~~ of import
Hg foreign mcrrbaudlzo, cannot ful To rca
ilza ample praf's, AMI yet .uppi4 the mor
chants nf the interior on trims more aavau
lageeu- Than they csn obtain from the North