The New York herald., 1845-03-18

ty thousand bales than last The OF
also much larger There appears have been very
pork bacon potatoes and lard while there has been an
increase the receipts OF four butter and cheese The
aggregate decrease in the leading items much greater
than the increase Of the balance but the falling off can
hardly be accounted for The throughout the west
back the producers not feeling disposed to submit to the
reduced prces preerrng to keep their surplus for
advance. or to consume upon their premises The
people OF the south and west ot present very much
restricted in their They have involved them
selvesn debt, and tho low price Of produce prevents
The merchants the south aud west depend en-
trey upon the proceeds from the crops from year year
their Indebtedness the eastern Atlantic cities
partial failure Of the principal crops of these sections
reduces the resources OF the producers which sf
iects the merchants to whom they are indebted.
ments to the merchants Of the larger cities until another
comes round, and the bills receivable Of our
city merchants, many Of which have long arrived at
turty aud have been depended upon enable the Job
hers to meet their liabilities when due remain unpaid
States will not average, this season. Atty per cent of the
amount arriving at maturity. The payments of the
q gan VIII hs not vs per cent On the
arise Uuch from the amount Of the indebtedness as
from the inability Of the indebted to pay
portion OF the sum indebted in coaseq quence of the
low price Of their productions and the absence Of
mand for the large surplus 1t does appear all pro-
baole that this decrease in prices be arrested. The
production OF agricultural products in this country in
creases so much more rapidly than the consumption that
the OF
prices and improve the condition Of the proaucers If
there was demand for oil the agricultural products for
consumption the country could produce, the supply
would regulate the price, ond the producers would not
injured by large productions; but il is the larg, sur
hands Of the producers which they cannot get rid Of
without affecting the price Of all in the market Was il
not for tho expense OF transportation &C. producerwoud
bs as well OF with 100 Shells Of wheat worth SO cents
per bushel with 500 bushels worth 81 co. could he
find fer the quantity but point
that point reached the surplus becomes almost value
less in the face large annual supply This being the
case what hope is there for any improvement in prces
The cotton growers in several districts Of the South
have had conventions, to reduce, if possible the cul
tivation of that staple bnt they cannot make it gene.
the productions and the crop will annually in.
crease in favorable per cent
timated. The cotton growing sections extensive,
that has been found TO get up any feasible
plan to stop the growth Unless the agreement to limit
the cultivation is general would be Of little We
want consumers for our products within limits.
Foreign countries will no, tske agricultural products
to extent and the growth of cotton greatly exceeds
the consumption. An increase domestic manufactures
not only increases the consumption of the raw material
ral products turning producers into consumer
ably affecting prices and increasing the general prosper
y Within the past year, manufacturers have been
abshng themselves in the southern and western coun.
try, bringing into the immense power Of many
large rivers abundant in those sections Of the
country Among others, we learn that a company has
recently been incorporated by the Legislature Arkan
under the name OF the jennings Manufacturing Com
psny. This company intend establishing factory upon
the Fouche Ia Fave river about IS miles south west of
Little Rocg. The Fouche Ia Fave is living permanent
stream having power OF 323 cubic feet per second, at
the first TALL and having natural average dam of four and
ahaf feet and feet head can be obtained at the
place the company intend locating at the first fall The
power of the stream can be increased to cubic
second This shows that the water power is sufficient
carry any kind Of manufacturing to immense ex.
tent The vaeylofthe Feuche la Fave is about $50 miles
long and formed by the mountains Petit Jean on the
north and those OF the Fouche la Fave the south The
valley and the mountains abound with lead tin and iron
ore and limestone About 400 bales Of cotton are row
grown in the valley, and flax, hemp and wool can be
produced in any quantity. Anthracite and bitumnous
coal be Obtained in the vicinity, and the forests
produce immense Quantities OF white oak, which
fnds merket in Europe for all that csn be got ont
The lumber business Of the valley it Is estimated would
amount to $40 900 per anoum. with facilities for getting
ont timber The white oak is considered in the Liver.
pool market IS per cent better than that Of Canada and
for the past three years large shipments Of this oak have
been made to Liverpool There three falls upon the
Fouche la Fave, all OF which owned nv this compa.
nv The capital Of the complny is 5000 900 and their
charter secures the whole o Yell county, in which there
adapted to manufacturing purposes The Fouche la Fave
is navgabe to the first fathe location OF this compa
nyfor steamboats, navigating the Arkansas rver in fact
It IA navgable when the Arkansas is not ii being deeper
but not wide river he Arkansas The this
place 10 already quite large, and being within hun
ded and thirty miles OF the Texas lne must rapidly
increase with the settlement OF that country The Ma
tonai road TO Fort Smith passes through this valley and
s location IS every desirable agricultural and
minulacturins countty with everya variety Of climate
peftecung the growth Of cotton, wheat tobacco, flax
hemp ana Woo', ~ cannot but attract the attention of
capitalists Tor manufacturing purposes and Of the farmers