Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1846-10-08
FOREIGN NEWS.-MARKETS.

the last two anivals--the steam ships Grea
Vestern and Hibenaia. This intelligence mus
indeed be highly gratifying TO the farmers o
this Country, who, at the opening Of the Fall
were considerably cast down and anticipated
low prices throughout the season. We have
Iconversed during the past Summer with seye
raj Of our farmers, who still had their las
years crop on hand, and who regretted very
much that they had moi sold during the excite
ment in the market this time last year now
they viii have chance 10 bring up the los
Iground--but will they embrace it--or will they
hold on for stlhgher prices7 Another steam
ship. the Cereal Britain," is now daily ex
pected, which will bring dates Of three or -four
days later than we now have, but they cannot
we should think. materially if at all affect the
present aspect Of the markets.
While we feel much gratifed that these Ii
diugs must bring immense benefit to thousands
in this Country, yet we cannot but feel appre'
hensiye OF the many evil results which mus,
flow from them. especially when we cast back
last Fall, which run riot over the whole coun-
try, and carried bankruptcy to thousands who
engaged in the speculation Of Flour, Wheat,
and other breadstuf1s. There is now perfec,
passion prevailing in the country for gambling
in the necessaries of life, which is introducing
INTO the country course of trade which mus,
ultimately prove ruinous to the Business and
Currency of the country. The public mind
once inhamed, is apt TO loose its balance and
to forget entirely the true causes of the ad-
vance in the markets. The advance is seen
the demand is known--the conclusion is Jump
ed at that it will always be 80. The refresh
ing shower-,he genial sunshine, are alone for
the United States the frowns Of adversely are
forever to rest upon Europe. Let US not for
get ourselyes--but let US regard the state Of
things in a true light, and remember that this
European demand for our Breadstuffs is no,
regular and heallhful, but casual and fortui-
tous-a Providential visitation which may be
ours before another year, is numbered with the
past. The Democratic politicians, too, will as
usual grasp at the advanced state Of the Grain
markets, and place them prominently forward
as the cap stones of their superior forecaste,
craftsmanship and financial ability. Indeed
Father RICHIE blows the blast from the Of
cial B,gle, and the whole agricultural commu-
nifty is summoned to behold the result of the
relaxing Of Tariffs in Great Britain and this
| nj t,ie l., ,b.,,,
prices were as high as now, Sir ROBERT PEEL
had not yet unfolded his scheme, and this Coun
try was resting secure that the Administration
which had just gone into power under the flag
of "PoLK, DALLAS AND THE TARIFF OF '42,"
could not repeal it, even though they might
desire TO turn tail to Pennsylvania, &C., and
strike it down. But now the Official Organ
says that the increased and increasing markets
are all attributable "io the repeal Of the odous
and oppressive Tariff of 1872" and of course
brought about by the Free Trade Act OF 1916,
which is not yet in operation, nor will be till
the month Of December next. The New Act
indeed is magical machine to work such
wonders in anticipation" It's well that it
does"--for its glory will consist in that alone
it, actual work and operation will in all hu,
man probability bring disaster to the country
If there be any truth in pastexperieuce and the
doctrine of like causes producing like cf-
fects." A shout Of triumph is raised in the
"Union" over the advance in the markets,
and ''the demand is increasing" and "as a
consequence, freights and prices at once 60
up" "Why Is ths9" says the Organ
There have been poor crops, and failure of
crops before in England and Ireland, and on
the Continent, and these have generally hith-
er,o produced comparatively but slight effects
upon American prices. But now the Ameri-
can Grain market instantly feels the beneficial
influence of the English demand" Thus rea
sons the OFFICIAL ORGAN, and concludes that
the Tariff Of '46 has done it all, and Great
Britain is sending to US because "she can pay
us no,c ,cith her manufactures" The truth,
however, is, that Tariff or no Tariff, '42 or
'i6, she would have been obliged to send to US
because she could not help herself or get her
opHitiSo WuClC tIots lile ldlsuIt through
out Europe is general No one knows this
fact better than Mr. RIrcHIE. nor can he point
to time of general starvation (almos) in Eu-
rope when she has not done it. or would not
do it. Necessity then, and not the Tariff Of
'46, produces the demands but he expects TO
catch the uniformed thousands by such chalf
But let the farmers and producers of our Coun-
Try take the "Union's" conclusions and act
upon them-let them believe that new Tariffs
have brought about the demand, and of course
they must conclude that the demand next wear
will still be greater, and their home operations
must be greater TO meet 1t. The HOME MAR
KET Of course must become narrowed in an
equal ratio by the destruction of our manufac-
lures, and the purchase Of goods abroad. Blu,
then suppose the next crop in England and
throughout all Europe should be good, and
our crops also good, what then will become OF
our farmers and the enormously large surplus
which they must have on hand, for which
they can find no market at any price? All
looks well enough now--but will it always be
so? A wise Nation and wise People will
always cherish with sedulous care A HoMr