Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-05-21

This IL remar BILE table, aud strongly IA. in
hu,nc, which the price of Hour has upon the of the
planter either purchase manufactured article, or 10 FAY ola
.bis. The pess of cotton here given the for
the yer; the prices for 1910 may be ssmateJ large pr
portion Of the has forward The value Of be.
stus found by taking the price Of each 5 Al
Iorius barrels the annual
growing states II this estimate Of Is no, .,,rtIr
right will CLEARLY show The proportion of huciu.ton. h
other great STAPLE. ofh South, cotton and sugar hs,
not estimated; their alue does not ,,
&c the supplies when they draw from state. ia l
lard bacon, ~ the table, then, fnd tina, IN.
power the planters increased from IsSS about .o nr
while the aus Of the consumption manned
stationary. This released $50 oo1Ooo be applied pur
poses In the period stock issued b. Tenn.s. Mis-
sasrp and Louisiana to the for banking
purposes This stock realised abroad brought home and
loaned III, planters. This made addition
purchasing in the hands Of ib southern states, spp
cable the purchs, OF goods and various Ieca
than existed previous. The relative position
ofhOur and cotton remained the throughout 1885 during
which year again added 20 the banking espta
the credit Of the southern sis,r This data would sufficiently
account for &c Mid speculation independent Of other
operation other sections IL N. country In 1857
che value Of the cotton production fell Of yer cent while thu
value Of b.adstuh increased than making
difference Of distracted from The power ofpurcs.g
manufactured articles, debts In that year sqooo
added 90 the banking capital the south by the
stocks making $4,000 of banking capital
aid BY the issue Of stocks siuc. The years 1887
,sse and the Cor, part disastrous planting
interests owing o. the great absorption Ut capital caused by the
high prices Of produce, which had their origin deprecated
currency The heavy balance this created against the
absorbed the whole active capital &c the banks including the
money raised abroad the credit of the States The banks
loaned mosy the public. and held unavailable paper
assets The institutions III largely indebted to the H. g.
Bank and the securities they hold r which has been
consumed BY the cotton growers the basis OF the whole
usrbcr 81 Of active sales u cotton abroad and low
prices produce hns the only element Of recovery, This
10 be reached only BY keng the al low stan
lard possible which the banks thus far dia
Lee Oh 9bs a.
southern and southwestern sscis for four years since 1885,
We shall Observe IT, changes Va connection with ihc above
fluctuations.
'rRRtNot, ssrsrntssEs ., DErostrs Avn cucut,rtcN
"f1nE sot titrHN AND sot rii-wFsTrRN RsNNs.
1887 Sso0uu ts3g $50 900 600
ls3S TtOgoCea 1870 elcoO,0ol
in hs table the currency 4 the south and west remains
neay The SAME The currency the north and
spped Principally TO bolsieng the prices Of productions
Ths Kept ~ the prices o our;te value of in
The south vas actually more than in that
section By this optration tn continued 10 q, heavily
srdwtIe unable to pay the north any thing The H. s Bank
which had been tie great instrument " support 20 the SOUTH
cLe down urse. ccumu stity JetL and tte Of