Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-04-25

NoChkoTBk, APIl SVu1s AcSO.
JAMES GoRDoH RzxxyrT. Esa.-., ...,....,.,, ~.
DEAR SIR-I am induced to pvt youin correct po-
sition respecting the semi-annual cant Of the New
York Journal Of Com nercc, on the wheat crop, pab-
shed in the shape Of letters from correspondents IN
Ontario Monroe and other counties; and which
may have tendency to influence dealers in grain,
and, eventually, to promote the object in view.
You may, perhaps, have observed the letters in
question, and remarked that their tenor was TO cre-
ate the impression, that the wheat crops would be
over abundant, rendering importation totally unne-
cessary, and, in fact, only losing concern NOW,
sir beg to say word this SUBJECT. The cores
pondens Of the Journal Il will not pretend 10 init
mate that they are flour speculators-net ~ are
very consistent in their seRl annual reports OF sur
mise and reality In The spring, when expectation Is
alone the theme Of wonder, these letters predct an
abundant harvest. The soil is somehow or another
insured fertile and cannot fail Of producing an abun,
dant crop-far mere abundant than the country Will
demand-at fair and reasonable price. The ilnpor
taton of foreign grain scsfed at with derslon and
predicted TO be an unsafe and runOus enterprise; and
that if the community will only rely on the approach,
ing crop-the cheering prospects IN view-they VIII
have no need Of spreading Yankee butter on English
bread. This is the spring cant-the varnlsh used to
deter dealers from importing and to prevail on the
community TO delay purchasing, until il is all their
own way, and the market is very scantily supplied.
The fall cant, promulgated on the occasion, IS the
summing up Of the case-the verdict that opens the
eyes of the people; if does not open hem convnces
them that if the predictions of the spring denoted an
ample crop, it did not lower the price; that It must
be in the hands Of SPECTATORS that the farmers
holding on in hopes of higher prices But the truth,
and whole TRUTH" lies in nut shell: and to those
who may wish TO examine the transparency, let them
ponder ever the following facts: When the harvest
is gathered in, and the spectators have bought in as
much possible then comes the fall statement, or
letters complaining of the failure OF the crops, and
that -four must command high price. The spring
statement has had the effect to prevent the importa
ton Of grain and the belief is ulled to sleep as long
as possible gust prior to the closing of the rivers and
canas,) when suddenly comes the fall letters of the
sudden scarcity owing to the failures Of The crops
and thus the price Of flour inflated beyond the means
Of the industrious mechanic.
Will the author of the Monroe and "Ontaro"
letters deny the secret impulse which prompts him to
manufacture these statements? How long are the
community to swallow these glded pills, which are
palmed on the psblic genuine-as truth and dsin-
terestedness? / hope YOU will NOW these letters
down like grass when they appear, and hold up the
transparency befsre the public, and prevent msrspre-
sentaon from gong abroad.
The commercial character of your paper is fast
reaching the of truth and intelligence, and mus
if already be the only resort for this department
of information. The Journal of Commerce may
write and publish many statements as they please
touching the wheat CROP bat as TO making other PEG.
pie swallow them, that's another question The en-
dorsements of the Journal may ib very well in the
spring, relative fine CROP but let them stick to
the same story in the fall not again endorse the
whining cant of the -four merchant.
For nay part, do not prcend TO predict pcntl-
ful or slender crop, such is mere surmse only
There may be many indications of good crop in the
Spring, which a few weeks may blight. The farm
ers, in general whs know these matters best always
grumble at the Spring prospects. This is owing 10
their desire of screening an abundant harvest, to
keep up the price of grain, and TO indulge their
own fears relative TO the crops being cut of, and
their losing the profits arising from "the sweat OF
their brow"
But millers and -four spectators shudder at the
idea of a rumor going abroad that the prospects OF
the wheat crops are gloomy they immediately see
preparations making large importations of grain,
and sooner than witness this, they will cry cut sine
prospects! good cropsI even though they lsek du
bous This, in a measure, prevents the article from
coming in and secures to them the prices they me-
ditate, especially If the crop is, in truth, small
The letters in the Journal of Commerce last fall,
and this spring. SAVIOR of this odor, and should,
think "be hauled over the Goals" that the coun-
try may be governed by iron hearted spectators
in case Of a scanty crop Ii is hard case when
daily bread Is subject to the implacable laws of
few-a few who know no law but mammon, aBc
who are equally Indifferent to the channe may
| flow through, SO long as il flows in their Golfers.
| Yours &c. 8.
II BucKIseHAMis row lecturng in Philadelphia
Probably he has picked up SO 600 in this country b,
retailing his small literary wares. Ishall make repri