The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-08-27
6,48i, 500 4,el4, 4Oi can, 725
Sl06, 392, 723 92. 96a. 9o6 71 .7a3. Ia

ls43 the exports valued at 2l3 less than in
the year 1872 and 94O less than in the year s4
The items showing the greatest decline products
OF the forest-agricuural products, particularly -four
tobacco and many minor manufactures The year Is4s
will. of course, show slight Improvement these
turns but the exporting usually nearly by
the first Of july and cannot expect addition
above amount Of more than three four millions of dol
lars The full returns for the year may possibly shew the
total value Of the domestic exports to be full $50
The total expectation from the United States for the year
ending October 3d. ls13 wasvaued at 500 O63 1906 all
but about fifteen millions Of this amount forward
previous to July lst What proportion Of the whole
port for the year in domestic produce at present
unknown, in consequence of the absence official re-
turns later than to June but have previously stated
the value Of the exports Of domestic produce cannot much
exceed eighty msns OF dollars OF the domestic pro.
duce exported in nine months. $50 95l than
6ity per cent Of the WHOLE to Great Britain. The
foreign trade Of the United States has since last year.
become completely changed From heavy expectations
and moderate importatons, having immense i'm
ports and very limited exports. This is not the only
change in commercial affairs Our local banks have
completely changed their policy Frem very moderate
movement they have been steadily expanding until very
inflated times have been created and the spirit Of specua
ton engendered. The banks Of the neghboring States
have not yet extended their operations largely as
the tracks, against their good Judgments
The banks Of this city, by increasing their line of dis
count create an Improvement in all kinds Of business
both legitimate and speculative until the demand for
money increases rspidy that the rate Of interest il ad
vanced and prices begin to feel influence Of expand
ed currency Banks of other Cities in sedefence
compelled to bring about the things to keep
up their trade and protect the commercial communities in
which they are situated This spreads through the
try, and the whole commercial body becomes diseased
The Legislative council Of the Island OF Trinidad West
Indies have for some time past had under consideration,
plan increase the revenue to meet the cur
rent expenses The committee appointed to inquire and
report the most eligible mode made the following re
port -
The Committee took the expenditure &C.
cordiDg to the estimates laid the
Council Table for the present year. Mt f62 u 81
The income Of the Colony, exclusive Of
Colonial duties on imports they took
from the returns Of is43, at 80, 1875 Is III
Which gave difference Of f4s 100 10 81
To meet the difficulty, the Committee recommended
that number Of articles be subject to specc Colonial
duties on importation should be increased.
The total amount to be realized articles subject to
specific duties is taken at f25, 3sl IS 3D.
The Commhtee propose that articles subject 10 pe
cifc duties should be liable to Of duty 10 be fixed
at f5 per cent nd yslorem
The Committee stated that notwithstanding the pro.
posed increased duties they still much lower than
any OF the West India Colonies, the tariffs OF which had
The new tariff would not come into operation before
October the question Of drawbacks expectation was
of importance and II thought to be great adj
vantage to open the trade Of the Colony much posi-
BILE.
The immigration and Agricultural Society Of the Island
complains bitterly Of the reduction of the duty on TO-
reign sugar from 63s to 34s The Society passed the
following resolution -
That the Society have learned with dismay that the
ministerial measure Of reduction OF the duty ON foreign
sugar from 63s to 3s has taken place. the operation Of
which will greatly diminish the present price
Of British plantation sugar in theJnted Kingdom as CON-
pared with the cost OF production and that the difficulty
of competition thus created and AZ may be
practicable the entire ruin which oveake all class
Is in this Colony, II measures OF mitigation not pre-
viousy adopted IL Is the opinion OF this Society that II
expedient that immediate reduction should take place
In the money expenditure sugar plantations through
out the colony and that the existing Of salaries and
wages hitherto paid TO managers overseers mechanics
ana laborers far beyond the which sugar cu
tvation can possibly afford
What effect this may have the home government
remains to be The alluded to In this reso
luton adhered TO, likely great deal Of dis
tress in the West India Islands, both among planters
and the operatives The summary method adopted by
the Home Government in carrying any policy affect
ing the Colonies leaves those who suffer from this act
little hope Of relief from any alteration that may be pro-
posed