The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-09-23

We learn from the sangamo Journal of Friday last,
that meeting held in Springfield by the tax payers
ofai parties which they resolved that there was no
law to justify the recent proclamation of the Governor
prohibiting the reception of State Bank paper payment
for taxes and that they would pay their taxes for
1872 in any better currency until otherwise ordered by
the Legislature They resolved that they in favor
of compelng the State Bank pay specie notes.
or withdraw her circulation and wind up her affairs and
that State Bank paper ought not to be received In pay
ment to Vie School and Seminary funds.
The Mexican manufacturers are camoring loudly
for protective duties coarse cotton and woolen
cloths stf
appears from the table inserted in yesterdays Herald
that the consumption of foreign wheat in France for
the year $780, bushels valued at Sc O2oA24
The consumption of foreign wheat -four was valued at
$s76,ooo The largest proportion of the flour vas sent
from the United States but small quantity Of the grain
went from this country. The consumption of foreign
grain in France this year. will be greater than ever and
that at period when the granaries of Europe have
been exhausted by Of bad harvests in Eng
land followed up by immense deficiency in those of
France and Spain. The United States alone stands FORTH
with superabundant crops low prices London paper
of late dae remarkng upon this fact connected with
tho currency, has the followng:--
eve expect TO see such curing forth of the produce
OF America into the markets of Europe beyond the value
Of the goods exported from Europe in exchange
III methis 10 uo soht ofeT the
Atlantic II is impossible to guess at the amount it may
not be sufficient create alarm and certainly viii not IL
all the indebted States pay up their and
puRctualiy Will this contemplated flow Of money raise
prices may prevent them from falling still lower and
may raise the prices of things which have been
most depressed and most checked in the
iron for example; but do not imagine will have any
farther effect prices of materials general beyond
preventing the price falling"
These views of the effects OF flow of currency and
exports Of produce upon prices, from the great
difference between the state Of affairs here and in Eng
land In England the Of the consumers are the
manufacturers When bread is cheap with them they
buy more goods, and trade is prosperous In this
country the vast majority of the consumers are agricul-
turists whose means of purchasing goods depend upon
the prices Of their produce. Therefore, in England
when bread rises trade declines lnthe u States when
produce rises trade increases BY high prices would
not be understood to those fictitious paper values
which return to the farmer actual cquvaentbut we
mean those actual prices improved by the effective de-
mand which give to the farmer higher equivalent for
the results Of his labor We have on a former occasion
given comparative statement Of the employment of the
inhabitants of Great Britain and the United stateswc
will here give similar table, little in detail:
COMPARATIVE OccUrAIIors IN GREAT BRIrArN AND THE
UNITED STATEs
Fdmiiiss Individuals.
Agriculture, 1,OOOl34 3,7l77S
Trades, 1,3Oi,2m asa, 1903
N1anuiactorcs, .... 5c9.67o 3TUl
Other classes. f,38,l68 23s,o@