Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-05-12


lnPult Is less scnsby iet Us stimulus 10 eAlors than
rs Crntrallt supposed.
1919 Imports si2L75o,ooo Consumption stu, M ,aoo
Total ports ~ Isl 700 Domestic M 1851. uD0
Tho Bank uithe l3ntcd States asat tins thnr in full
npcraen The expansion at the branches MS $, great
that the mother haa, Obliged 10 refuse payment Il
the branch notes, tai the branches especially utnued
- tNmhd, and speculation began IN all directions. pr
tculatly lands. The imports we fud are aaain meiea
sod more than 81 5Oo 900 over those of Slf and
sumption hy like suulthc latter CNceelue also thr
domestic imports hs s. 800 ono. Durina tbcse lent
Disturbances, nttended with greatly ncd tcsez
MUGS there had been change IN the tar ef he shsht
est imp nlaoee, The otmparation and consump
uon can only hc accounted or hN the rNpansnn Of bail
credits, which, II should be Observed have esccd very
little elect IN stimulating domestic productions Tor, viii
all tins Increased dol II foreign merchandise tho d1nts
uc productions oNporlod have only increased SINCE ISL
about S3.pau, 900. or SINCE lsl6 by about tamO Hon
W lnlei that an lelliel currency Immediately sttan
lacs speculation IN merchandising and e,rsuIup lan
while II ssarccy flt npou production
! 1919. Imports ss7125 u0a Consumption SGTasqa1a
- lotsl exports 81 1000 domestic ESp g0N7G,nuo
THIS }taf presents .s,hlc reduction 81 tmmrts and
leon1umpaoa .e well ACT domestic cNplrs HE Banh
lfl,o '"d States MAS obliged u contract, prepare Ia
Il,,nl oo an ,lnp1i.al hau>h IN the Wet, aud The
Treasury Dop,, heal. after usme =, -'iis eleonlu,an.
ecs to sustain the laea banks w. a'or'd 10 ie@'o IL,
70 their fate with the gss of a considerable amount
Deposits The lsbe and vcNatlen endured by the Sec
rotary Will. under tllis process may he zen fully 81
rth IN throe or ionr suuminuus documents OF cotrts
pludoucc between hn and the hauhs about tins pcl0d
The exports are !, 100000 less lan the ennsunp lion.
aud near, -. 100000 l%s than III ISIS. The dDmesz
&c prices had nhahls hlonhy reason Of the cantrar
an Ot Aanhs aud COMMERCIAL daasttts; tut GREAT
Iductoo IN the tNpufls not seem to be satisfactorily
accounted ior 10y any ees within our knuW,dgt nj Last
tlcrc was IL change IL the tarti 10 producer
$50. lmpas Sil,iaUNu0 Consumption s6,ii1 GtO
Toad exports 62..9i 900 nomrsIe Exp. u ,6a50a
The circulation. Winch had lloialIN leon inflated n
tI.t rs. NtaT
ed To- he SIeo6S3eeo, nearly 100000 L. tlaa IL
WAS IN sl6 Tins Tact Of il,ell accounts ti tho coe
1oo m consumption Tie exports, l. a., y. rather ia.
proving.
lsZI import, go 5000 Consumption 81 2s2 .ua1
Total e>polt oi,s5 i,U0o nom,stic Tsp a3G1t 0un
Yhs vii hD rcmen5,iod 10 have been the year OF y
trcnies depression. The Western bank, Lad g,ncray
stopped payment, many broken up. mup than 2O,U0n.
uup ufdebtpr lands relmlaslcd. aud The land II
sumtd Ly the Government. Althougd Tins relieved
much ptessnn II MIS- sill nsupp9fahr; properly OF all
kinds, and particularly real estate. fell dy seventy
i've per eeut all confidence secuted To ho list. and,
the Middle and eslrin States, all LHblness came 10
hll stop, except thai d the shcrfis many II the Stae
esnltd Il redo, and ay Ct execution laws 10 avert tt
rut1. he complaint which lad been Ia 1'ahInR 1t
s9ile tiae NeIc fldaailed, aud WY many lnagm,d
they aa~ IN assurance OF rne IN rasng the np's' du
It's. HE cotton States were op9ascd to this measure.
They desit.d Ia promote imports, and not being c>ten.
alfr c0sg.es 81 arepn woods tlemaeyci. ihs wanted
Aclp 10 consume tese received IN exchange af hrt s=
pie, and lbercirr tenancd with ralusg the glal
mo If the northern market with domestic fbfes The
scillao oi .as,nr the lari1 luled both aides ovcrred
IL power, whcln.r iyT ,od ar evil Il Is plain thai
none OF Tire disastrous fluctuations ol these as 1--WE years
&C attributable t. legnlupn; bit 50 at a. ti"V VII
Produced by causes independent eiltc sangaine lcnrer
a.nont Il tie American oorlc II IS e ar tha Acy
ultimately connected with the currency.
te.-, Imports Ss5,2ilOOO Consunltlon SEQ S55 dHn
IallsAports 12,lGOUUO domestic lap 1851 uoo
lie currency had improved by III Wtlclous mana
- al. '...
bphcn lanls Mce gone down, and sound ones resumed
bus ms ! hc dtst effect Of winch Is socn as h~r,ta
~ IA III nnInrs and consumpon norn tan IN The
aApoits. / hc consumption Is augmented l9,5uO,uOo,
and the domestic exports not quite b23o,eop. The
opoatunsu The yen exhibit the influence uiexcllcmcn
irregular IL Us action--thc offspring If imagination
rather than dlcluua calculation. Tins lcelug uau
ally mafe prevalent with unp9itesan pa due, ~ The
1ncr Aas The fcdest access 10 anh dts. and hs
operations az governed iy his Healsaud The Ap,claan
II prufl, while lc hitter having such q HHnandoi in
erscd hloans, ucceaafy conducts hs Lesness al least
i=r s'aic time, IN The usual way. The mIeftef b. Ill
couvaoseeta Iaeol. oteratne Lis roWt1. stmlg ling
"a do What w shall SEE II the var he ale
tuci'lct.
1913. Import, $3.50 GOO Consumption >s0O35 0oo
load e>pois 1lG99 900 Domestic lsl. l7,l551Uo
W prrcelEr this year the ybtatgfy aud leete struggle
OF the last year regulated by the pasitanq influence oi
the laws ol trade. reduction nlo1c than 5000 GGG
u imports. o almost .6Dp.t u Of consumption and an
utrasc Il 100, uooni total exports, the doh,sllc lie
ny diminished by 10000, shows that Ia, eul ii tie
la,t ear j. 5aehng aa.facr market.
lh-L hnfa,ts sbo.al9ood Consumption fs5,2ll ,Oeo
1oH Exports l1,9s6 ,UuO Domestic fXp s0Gf9uOd
The business 81 Tins year shuws saulary adjustment
Il Inc tade. and, allowing for the rr1fs Of shipping TIN
exports leaves taIfy adjusted balance between Them
The most hoaItiu condition of trade IA any country. IL
h> yeafa revision Of the arf took place. with cunsi
Ideraslp increase. Though uneallcd tor BY tie
manufacturers. Appeared By the very unanimous oppo
sllion # her X, pr senlativcs Congress ld pro
eerd to olserye It's eleet II VT can.
Io25 Imports s9G,3iU,0OO Consumption sea 10000
Total exports 9y,535UU0 domestic Exp. C69il,Um
An increase Of near ltuuU,DBg the Imports. Of -,
Loco. 500 total cNpalls Of iue than $4,000
consumption, aud oil 1000 eco IL the export Of do
nestle praducs The high duly moi ouly To have
augmented the imports, but theeAporls well ign
domestic, without giving corresponding stimulus 10
Icousumpil3n.
ls2G Ia, ports Ss197i000 Consumption ,G0i3l 0Go
Total Exports II GOO domestic ENp. - O5J upa
We now find falling oil IN the consumption of ),
25OCOj and ei domestic exports II li,OuO.foo These
ELECTS evidently arose fiona redundant lnprt IN the
preceding yrarand from sudden fall IN the frce Of cot
ton, produced by remarkable r,yusin IN IL gland.
which stagnacd The whole into rial trade oillat country.
There had been tallacluus demand for cotton IN e25.
which stimulated unday the business Of lhat year, aud
the reduction in this sonIy the natural reaction from
! an cplcneral excitement. The system, however, soGn
recovered, having only been stimulated, mol sayaod.
1927 import, s79,4si 600 Consumption e5G,0S1,00o
Total exports 81, 321OC0 Domestic Exp. -, 92l ,0e0
The trade is now more than rocoYeicd the total sX-
ports exceeding the imports, and the domestic exceeding
tic pton. This must inevitably lead to dis
urlance Of the system in the nexi year
ls2S. Imports sss,509,GC0 Consumption sC69ii 600
Total exports z, 264 900 Domestic Exp 5O696O 900