Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-06-13

| lUT,l4,Jl3 l2i,soo,bi fly
The imports Of the 4th quarter in lS42 were scarcely
Sl2 900 600, showing decline OF 1891 900, 900 in the
imports Of the last six months OF lo42, as compared
with he same period Of the previous year This at q
period Of unusually large crops of course filled the
vaults of the Banks with specie. The prices of West.
ern produce now rising under the abundance OF
money This will naturally induce funds to find their
way west in search of the low produce. In looking
forward to the revived demand OF money, growing out
of improved import trade in the Fall, we Ind that the
same circumstance which crushed that trade last year,
will aqan be in full operation this. Strong efforts will
undoubtedly be made 10 modify the tariff, either by
direct reduction Of duties, or through the medium OF
commercial treaties. Whatever may be done, however
The experience Of the past us, that the
tnny will prevent large orders from gong abroad, at
least until twelve to fifteen millions of the next crops
are realized Hence demands can be made upon the
| banks for coin from abroad on that account
! The abundance OF money in England, which is at
last stimulating trade aud improving the price OF Anne
can produce, is operating very benehcally for this
country and will accelerate renewed export of the
precious metals TO this country when the crops
move forward more especially it, which however is not
now probable u modification of the corn laws take
place That some movement viii be made towards
the commercial system sketched by Daniel Webster,
Esq., seems pretty evident II is remarkable, that in
the debate on the Budget on the oh May, The Ex-
Chancellor, F. Barring Esq, proposed reduction Of
duty on nearly the articles mentioned in the Bal.
timore speech Of MIR. Webster
| Mr.. Barring remarked as follows:
uTLere were many other articles upon which SINH
lar reduction most important. There were the
articles of butter and cheese with regard TO which the
rght honorable baronet had said last year, that the
duties upon them ought TO be reduced al the first pos
bic moment There was cotton wool also-a most
important article, reduction OF the duty upon which
would do much 10 give life and vgor to England
declining and dropping trade.
| Sir r Peel remarked in answer:
"With respect 10 the coal duty, The sugar duty, and
the duty upon any other article, there appears 10 be
prospect OF having them submitted TO the House, in
detail, upon future occasion, and, till then,
think il will be infinitely better 10 reserve their discus
sion J. at least, SHALL tor one nbsloin from discussing
them at present.
| Mr. Gladstone remarked
ale was not satisfied that that mot, could be adopt
ed without producing great Inconvenience in the shape
Of violent action upon the currency. AL the pre-
sent time, there vas great drain of gold from this
country 10 America and he believed, that the quantity
obtained by tina, nation from England, since the
mencement Of the present year, could not amount 10
less than Is 900 sterling The state of the circu-
lnoR of this country had, however, enabled TO bear
hat drain without injury or nconvenlence-bnt he
thought that that drain likely to continue. The
proposal Of the honorable gentleman opposite would
have tendency 10 bring in an importation OF con
siderable quantity OF foreign corn, and he was afraid
that such importation must be paid for in bullion The
Customs laws of America, and of other cow, ma,
|
the importation of CORN that that corn or Hour must
be paid for in bullion and this might occasion great in
convenience in the country"
The rise in prices Of American produce IN Eng
gland and the increased demand under reyvIng trade
and cheap provisions, will, undoubtedly, under our
disturbed customs regulations, cause severe drain
upon the English currency, in the event OF confirmed
political quiet. More especially ns the eItenave Ii.
quotation Of the Banks here has destroyed the elasii
city Of the currency of the United States in dc
| Uho stat of tba ,nfe
trade ia, in addition 10 rise in prices of stocks here
certain indication that the time is approaching when
something will be done TO settle outstanding des.
The beliigerant state Of Ireland had, it liz tue, at
our last accounts, checked the disposition TO invest
money! and this, much rs the increased dmand,
| had improved its value in the discount market The
Repeal agitation assuming more violent clarac-
Ter daily. AT a large repeal dinner at Mulingn, an
| immense meeting was addressed by U Connel tie
was followed by the Lord Bishop Of Ardagh whose
address was exceedingly infamma,ory. "A skach of
the debate will be found the last page Of h days
| Enquirer.
On the other hand, the Duke of Wellington, n the
House Of Lords, said
81 hereby subscribe TO, and repeat The declaration
made in this place on former occasion, by Lord AL.
thorp hat 'deprecating all war, and specially depre-
eating civil war, there s, nevertheless alternative
which should not consider preferable b The dsmem.
bernent Of this great empire
| These movements produced some sesaton and as
we have said, less disposition TO loan Ioney Ii ope
rates, however, greatly in favor Of Tbs country, be-
cause in the event of disturbance, te sound stocks
of this country form the best nvesmei for timid per-
sons In case of an actual outbreak, Acrica becomes
the resort Of mid persons of capital swell as of in
vestment, for jeopardzed property.
The whole slate Of financial aairs 10 be sound.
This is unfortunately, partly owing tole destruction
Of commerce by the existing Tariff. ;ut the small
amount of existing credits leaves noing TO break
down, and the superintendent money The Atlantic
border will slowly spread itself Union in sx
change for produce.