New-York daily tribune., 1843-09-02


sicians, though speaking of his symptoms as IA
vorablc, did not promise his speedy or entire res
toration.
From, the Journal of Commerce Of yesterday.
LAND Howe ssppose that by this time all business
mea convinced that this earth did in 1887
ac,ly 10 ungoverned chaos Business better
larger than il present; fact, great business
done all securely that which is going
very large proportion of the transactions for cash
that whatever profit made not paper only but IN
aty. The long of Casualties. which drag after
dit business and often what seemed large profits into
Iuinoas losses, to be encountered There 4
superabundance Of capital such known here
before aud destituton OF merchandise such has been
felt ,ncs the termination of the with England. The
consequence has been great advance almost every thing
Stocks started first they always do aud stand tnen
ty fifty and hundred per cent higher than they were
months ago. Sugar and moasses have fifty per
coffee tea and all other groceries, less In dry
good. there ha, been clearing out Of great accam"aons
which surprises every body Caicoes havs risen twenty
FIVE per and all Of cotton, wooen and
silk goods have advanced five and fiyper cent
Certain kinds of coarse wooens imported from
England despite all protection and the skill nurtured by
it. and sold Eevenyve hundred per advance
the cost. The mporatons of dry goods are quite large
and swept off good profits fast the importers
e1hb, their samples similar of prosperity exists
In the hardware crockery drug book, and in fact all
branches Of busness-the shipping interest almost alone
eeptsd The business large and profitable very
little tinc,ured with speculation 1t the straightforward
supply Of the consumptve demand The superabundance
of money Europe where in fact interest has fallen al
most nothing will tend powerfully TO continue the plentiful
ness of money here We shall go however with grad
ual credits Trade being found profitable will be
extended unit, the capital Of merchants exhausted and
they find it convenient to deal credit This will furnish
money lender. with the means of making loans, and
shall until capital by trade and money rsing
high value repesses the spirit of expansion This the
time for all make fortunes who have selfcontol
snough mind their business and plod deaf TO the
aoise Of specuators who make fortunes day. Mind
our own business and be not in hurry get rich
rules which will almost certainly permanent
Real has advanced like stocks mechan-
disc. That is always last move, and violent when
In motion Another year add largely the wealth OF
city, aud increase the number of business and firms
demanding stores fuller Of those already
existence.
The amount of ace,uing at custom house
during the quarter, 'ri probably be larger than
IN any quarter during the last hre years.
D We choose to have these facts stated in the
language of the Journal Of Commercc-a paper
which has done its full share in denouncing the
Black Tariff, and predicting all manner of evil
from its passage. Commerce was to be blighted,
the Revenue from Customs to be DESTROYED, and
all Business to come to dead pause if the Pro-
tective policy was reestablished. But what are
the facts 2 There is great pressure on our
merchants, not for money to pay their notes, but
for goods to supply their customers and the ex-
traordinary demand for goods has caused gene
raj rise in prices Of ten to forty per cent. This
is mainly clear profit over the cost ST produc.
ton or importation, and our merchants are max
ing fortunes-and getting their pay, too the
journal informs us. Yet these are the men who,
many Of them, turned their coats last Fall and
voted the Loco Foco ticket, because the Journal
of Commerce and Evening Post had made then,
believe that the Wing Tariff would run theiil
business!
But will this state of things continue Ger
tainlyl not. Let no man rush headong into Trade
or Manufactures on account Of it. The price
of goods cannot be kept twenty per cent. nor five
per cent. above the cost of their productions
There Is scarcity Just now, because our business
change in the state of the country and the de.
mand for goods would so soon be realized. They
have not imported or manufactured so largely as
they safely might. But now heavy orders have
gone abroad for goods; large cargocs are on their
way hither; the manufactures are all working
vigorousy-some of them night and day-and
the probability is that the scarcity will be fol
lowed by glut, and goods go down again be
low the cost of producing them. That our Man
ufacturea are now low as compared with othel
things is proved by the fac, that large quanttie:
are still exported, as well as by comparison OF
prices with those of former years.
The Shipping Interest forms no real exception
to the general activity. Just at this moment We
are between two Cotton crops-tha, of last year
having gone forward, while the new is not ready
AS soon as it shall be, our Shipping viii be full,
employed.
There is another fact stated by the Journa
worth regarding. Certain kinds Of coarse Wool
ems are now imported from England, despite al
our Protection, and sold at round profit. Thes'
goods are made of the cheap coarse wool OF Souti
America, which cannot be nvaled IN cheapneS
here. even with hundred per cent duty. ie
Loco Focoism has made itself voclferous for
year past in attempting to convince the Farmer
that the admission of this Wool at low duty i
denial of Protection to all Wool, and q sacrifice
of the Farmer to the interests of the Manufac
turer. Now suppose hundred per cent duty
had been put on this article, what would have
been the effect Simply that we should have
imported the Woolen goods from England (Which
takes the Buenos Ayrean wool without duty, } anC
our Farmers would have lost the market not only
for their Wool but for the provisions, fuel, SC
which our American Manufacturers take of them