The Illinois free trader. (Ottawa, Ill.) 1840-1841, 1840-08-28
From the Albany Argus.
. EspNiYnI of E.usinC.-.v


Revival of E;u-incs-."
The n. y. Journal Of Commerce, in
speaking of the celebration of the passage
of the Independent Treasury bill by the
democrats Of that city, on Monday last,
remarks:
sit must be confessed that since the
Sub-Treasury bill was passed, there has
been quiie a recird Of business IN mer-
chmldi-e, and az adrance in prices but
a very reuograde movement in stocks
Whether it be the sub-treasury, or the
Log Cabins, which have produced these
effects, we will not determine; though
our opinion is, that neither has had much
to do about it,
To whatever cause the " revival of bus
mess" and "advance in prices" may be
attributed, it must at least be conceded
that the ruin so confidently predicted by
the iederalists as sure to follow the sue
cess of the great measure of the admin
istration, has not get come TO pass. True,
the federal state Central Committee, in the
manifesto recently put forth for the edit
cation Of their g distant" brethren, rely
upon the e" embarrassment Of or COM
mcrce and the deseriion Of the streets Of
orr commercial metropolis" together
with the 3" reiuction in the ralue Of oar
ogrica'Uym productS,' as indications of
the success Of the federal cause at the
coming election. TO show the reliance
to be placed on this test, we annex the
following paragraph from the Boston Dai-
y .2drertiSer, IA federal print, as signifi-
cant of the " embarrassment of our com
mercc;" merely remarking by way of adj
ditional Illustration, that there are now on
the stocks in Newly ork and Brooklyn,
in process OF building, SGl5 tons of ship.
ping -
There are fewer merchant vessels in
this port BOSTON, at the present time,
than for number of years; only six
ships, two of which will probably sal
this morning, three barques, and a small
number of briggs. Tire Mgh rates o,
southern freightS, and the long passages
from Europe, have had tendency to pro-
duce this scarcity"
Another indication Of the languishine
state of our trade is furnished by the tolls
on our canals. 1t will scarcely be admit
cd that these furnish evidence either il
support OF the positions assumed by tht
fedora! prophets in reference to their party
prospects, or in derogation of the passage
OF the Independent Treasury bill. Be
sides, il is a notorious fact that since the
event which the federalists affected sc
much to deploro, and which was to be the
signal for universal distress and ruin, ag.
ricultural products have greatly advanced
in price. Upon this subject the Pits
d,rgh Mercury Justly remarks:
ave copy from Harris Intelligencel
the weekly notice of the market contain.
ed in that paper. The almost general i'm
provement in prices, if whig arguments
are worth any thing, must be owing tc
some act of the administration, aud with
their permission, we will suggest that the
restoration of confidence consequent upor
the passage of the Independent Treasury
bill is The cause. The wings have relied
upon low prices and their ability &c
saddle the causing Of them upon the adj
ministration as principle weapon in the
contest. Should prices improve, the pros
poets of the wings, according to their OWL
showing must decline. Hon. humihatine
Il ShOuid be TO all honorable and honeSI
men to be placed Ia such position. 10
knoW, as the ,chigs must kliOoc, tina,
their only hope ofpof'icol triumph rests
in the permane1ce and general diffusion
of pirate trouble and distress!
"The article of flour has risen abou
30 cents a barrel since the news o
the passage of the Independent Treasury
bill. Juniata blooms are firm, and some
are holding up for higher prices Pis
metal has improved SO a ton. If ii is no
the sub-tyeasury which has caused thi!
Improvement, will the wings tell us wha
4 it is -