Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1845-03-20
OvRRPRoDuCTION.

Tie overprodueiion OF any article OF commercial value
is fatal prices. II Is Instantly felt and known for
kes almost 10 be endowed with sensorum and with
the reasoning faculty. The price down forthwith
Jist as certainly every buyer in the world knew the
OF things, and often falls below the fair
price, according standard supply and demand
OreTpTodEes any ihns whether il be luxury q
and fall in price inevitable. Let Gold itself be
plentiful and easier of acquisition by mining than
brass aud gold would sink in value below either
those baser metals. Let the Diamond the King gems be
abundant Than the Scotch pebble aud the Scotch peb
be becomes the Diamond in rank and the Diamond the
Scotch pebble.
These laws @: IsaIe inia!iblo as the laws II na-
iiTe-ndeed they laws Of nature. What great Lady
would diamond hing, II her finery liable 10 be
';vded ocP-ed BY the Diamond flgs Of se:Yan,
quean Whist State woud gold and silver the ciicu.
!aiing medium regulate The value OF all property rss
was gold now is, aud gold plenty
iron =.
o,erprodueon the cure OF ,L. county Com i, now
selling ia this aa,kei 81 30 the i've bushe. Why
To" mach IL Pfodueed-a production Jar beyond the de-
mand. Ian the farmer aoJ make ;oF such prce
feed his slaves and his cr.e all through the year
pay las rhy,c,an'., his Dry Goods Merchants, his
GrUesTs his baessG'h's bill lie cannot: lie
must be ruined the end. if ,s state Of things
continue. so, i5o, at Tobacco: Except the fair
quaiitis' limited aud scarce tobacco sells
rage of 3or 1 or dollars. WAY Because too much i,
produeed-noro than the world Can
the Planter make Tobacco these prices sni make both
ends much less lay up any thing Tor rsny day p
Impossible lie will he persists, bring his under
the hammer. He support his family feed his ne
grOes pay his and educate his children these rates
About in according experience and
observation, he will have lucky year make good crops
and obsin fair price But this will indemnify him for
the sI Loaf years.
Cotton Is the great Southern staple, upon good prices
for which, Southern prosperity II bears
remuneratng price Tor it's cuva oil goes smooth.
II cotton, from oyeEproducton any other cause falls
in price below that remuneIaIing standard, all goes
wrong. The buyer cannot meet his cngogements-thc
seller Is ruined by noncompliance with them En-
barrassmen', deeds Of trust forced sales first the ne
groes and then the lands Of the planter brought u.
der the hammer. They who esteemed themselves rich
suddenly become poor sai emigration still farther West,
ward cnsues.
Such is now the condition VI the growing States.
The World requires for consumption, about Million eight
hundred thousand bales of cotton. Their production il.
than two millions They throw upon the market near
three hundred thousand bales than the demand Of the
whole world! The laws OF trade aud ut nature refuse 10
relax Ia their favor and the consequence plethora gu
ting. snd a fall OF prices.
This simpe explanauonso simple that it IL disIsin.
ed by tho Cotton Chvalry-is oyerlooked-snd they ~.
crbe TO the Tariff, wha, alone the consequence Of
zeal u make money cotton than the world can
USE and then they complain, and asss the Tariff and the
Northern States any thing but their owa siupidiyl be
cause the world will not buy than the world
wants!
Bat their excessive eIIsysgsnee does not stop here
Aesdy overprodueing for the whole world they aspire TO
produce yet more; AMI the United States being large
enou2lo accommodate their enterprise they GEEK TO add
Texas, capable Of producing mach Cotton s. all the
Cotton growing States united! And when they have got
H. and brought Cotton down 10 n pound q negro
man To hundred dollars aud Southern lands ~ the mini
mum prices Of Congress, what will they say enf WHY
they will still blame any body the Ia
rif-dsmn the Ysukses-snd dissolve tho Union That
will be tho finale
The Editor Of the Jonesborough Wing, on an excursion
down South, thus whites home
"CHIEAw. !. c., February Goth, Ie45
Tbi,s town OF considerable trade situated on tho bsnk
Of the Pee Dee stream about 300 yards wide here and
navgable for sieDmboals from this tide water fine
steamer left this morning for Charleston with 900 bales
Of cotton Not Only the products II the surrounding dis
trcs IN i' State here for shipping, but also from
tue Uplanjs Of tho Old North State For more than one
hundred miles back, the road leading 10 Linconton
hofganon, &C., the rOsd lined with wagons coming
and returning from Chesw. The cotton comes here thai
formerly went Fayetteville. South Carolina cotton sell.
better dsn the North Carolina article, aud hence North
CarOina cotton Is brought here aud Instantly into
South Carolina cotton.
Price Of ConoH-Durnz the few weeks pact. there were
received IN this market unusual amount Of hi, staple
commodity Would that could say that the price has
been IN any toersbls proportion the amount But can.
MT million OF bales Of the surplus Of last yesr .I on
hsndn Europe added to tie present CROP and
the destruction Of confidence occasioned by the recent
election Of jane. H. Polk, has put down the price to kind
of commercial soo aud Is necessarily Obliged keep
tofe. Cotton selling here from - 81 cents lower
than the Oldest citizens ever knew SELL aud ue over
haD what i sold or this Tine last year. And with To.
lights before me-, can good 70 hope is the
price viii advance during tlo season.
II wsro farmer In the Souri, would raise more Of
te neccsahes Of life, and lees Of this uncerais article
TO cay nothing Of the back get gven by the election Of
Polk, tie production Of the 1ieIe far beyond is con-
sumption whilst this so. the price mus, not only No
down, but KEEP down In orjer therefore, ~ resin In the
South, an Immense 's0u"' Of money ,hs /, pow snnusy