Spirit of the age. [volume] (Woodstock, Vt.) 1845-1913, 1845-06-05
CORRESPONDENCE OF THE AGE.
Point Coupee, La. April 20, 1916.

of harmony and truth, to assist him, to
sing of mans disobedienre. Dousterswiv-
el. on the contrary sought aid to discover
emboweled treasurer, by incarnation. |
hardly know which method to employ, TO
obtain the skill need, TO write anything
worthy the perusal Of your readers, A
friend at my elbow, suggests in lieu Of in
vocation or incarnation, a glass of chateau
IIaut Brion. I'll try 1.-THE sequel will
determine its virtues. Well, here il goes
Gods of the Vineyard! how delicious.
A convention is now
IN session at New Orleans 10 revise the
Constitution Of the State. Several
fundamental changes have been made. The
subject of the Apporiionment of Represen-
tation, elected an interesting and powerful
discussion. The members from the coun-
try Parishes, aware Of the raDio increase
of population in the city of New Orleans,
and seeing that at no distant day, itwould
obtain preponderance in the Legislature,
proposed to fix representation upon the
Federal basis. They insisted that New
Orleans was populating with Norherners,
that they were from non Slave holding
States, and naturally in opposition to the
institution Of Slavery, and that when this
class OF population should form the MAORI
ty, regardless of the great interests of the
community, this might abolish slavery, or
(asten upon the State any system of policy,
beneficial perhaps to the city, but destruc-
tive TO the general prosperity and hazard
Gus 10 the general peace. The delegation
from the city, powerful in the ac-
knowIedged talent and great forensic repu-
talion Of several of its members, maintain
ed the cause of New Orleans in speeches
replete with eloquence and logic. They
pressed with great Skill the arguments used
upon the same subject, in the convention
that framed the constitution of the United
Estates. They commended, that Demo.
cratic Government is essentially one of
men, that in the eye of the law, slaves
are chattels, and that it was opposed to all
correct notions of Representation, to make
property or any particular kind of it, its
basis, They secuted the idea of slavery
being abolished by the agency of the city.
They argued that The interests of the city
were identified with those OF the country,
that, for veal or woe their destiny was in.
sporadic. and whatever institution or sys-
tenn of policy would conduce to the pros
perity, wealth and happiness of the coun
try, would equally tend to the same result
IN the city, The attempt to establish the
federal basis failed. Itremains to be seen
whether the aprchensions Of its advocates
will be realized. The foreign intelligence
by the late steamer is regarded as highly
favorable. A strenuous exerlion is making
in England, to obtain a repeal of the duty
upon cotton. The manufacturers demand
its repeal, upon the ground that it will en-.
able them, to compete in foreign markets
upon equal terms with The American man.
uiacturers. | am unable by the severesl
exercise Of what little accu,eness the God.
have endowed me with to perceive that the
measure will have this effect. 1t is a prin.
ciplc of politlcal economy, that the price o.
: a commodity, and the demand and suppl,
be will always homologous. If the demand
be great, and the supply limited, the price
will advance correspondingIy. But on the
contrary, if The supply be great and the
demand limited, the price will decrease in
r proportion to the excess Of the one and the
deficiency ofthe other. The duty of one
per cent, does not obIige tho manufacturer
f there to pay that much more for his cotton,
for the price is settled by the demand and
supply. I'll attempt to illustrate this. The
Planter ships his cotton to Liverpool, pays
the duty and offers it for sale. The market
is overstocked, and the demand is small
it is obvious he must submit to sell it at the
current price. That price is fixed, not in
reference to the duty, but TO the demand
and supply. Reverse the case, suppose the
supply to be limited, there will at once
spring upa competition among the manu-.
features. In this case, it is evident the
price will be enhanced not by the duty en-
tering into, and forming part of it, but
by the limited supply and increased de-
mand III have taken correct view Of
The subject, it will at once be perceived
) that the English government derives its
, revenue, the manufacturer obtains his cot
ton at aprice not enhanced by the duty;
: while upon the shoulders of the American