The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-04-07

The above table is one ofgreat importance, show.
ing that England takes all her raw cotton from the
United States, except $50, 900 bales, from which the
entire amount Of cotton fabrics embraced in the
table are manufactured; yet we, in return, take back
but very small portion of the goods made from it.
The difference between our purchases of cotton
goods from England and the amount Of her pur.
chases Of raw material from u.s. is immense The
statements plainly show that even had our manu-
features the exclusive supply of our market, to tn,
extent now enjoyed by England, in addition Il
that they already have it would fail to create any
adequate home market for raw cotton. Cut off thu
English demand for raw cotton, sustained by for
eign countries, other than the United States anc
you would destroy It's value, product with ou
entire market in possession Of our manufactures
What folly, then, to talk of creating a home marke
for raw cotton by high duties on cotton and othel
goods
have been permitted to copy some interesting
tables and estimates from the records of one of oul
most respectable cotton brokers' books showing III,
increase OF production and consumption from 1897
to 1874, period of seventeen years, and TO,
each separate year, with remarks, &c. Although
not very long, 1t is Of too great length
for this letter. | will embrace il in NV next
Many OF our most respectable merchants are ir
favor ofmoderate duties tea and coffee Thew ars
not greater necessaries of fife than sugar, salt and
iron II the latter are taxed for revenue purposes
no Just reason exists for not taxing them also.
The consumption of coffee in the United State,
for lS45, was equal TO l07, 100000 lbs, or about
lbs l. OF. per head. A tax Of 20 per cent, on thi.
amount would be equal to only about IL c. per Id.
which would give a revenue of over Al, 500 600
The English duty on coffee is Sd. per ID. A mode.
rate tax on tea might be made, probably to Weld a
million more creating revenue of 81, 800 600 from
the two articles. am informed that when tea was
formerly subject to duty, this market was supplied
with teas OF much better quality than those gene
rally met with at present. An old and experien-
ced merchant told me, when tea paid duty,
he had no difficulty in finding good black tea, but
since Its admission duty Free he has found il ex.
tremeiy difficult to procure this description of the
article OF good quality. He says he can only sue
coed by much-careful examination, and by taking n
whole package at a time Since the repeal of the
duty our market has become the receptacle for the
refuse teas of England, and other markets. Being
either damaged or of too inferior grade to paw for.
elgn duties, they are thrown into this market for
sale, to the exclusion oftea of better quality.
Fraudulent dealers in London, and other places
have been much addicted to the practice of grossly
aduterating tea recollect reading an account of
tea dealer in London who had made fortune by
fraudulenty mixing China tea with sage whortle.
berry, and other leaves, which, by certain processes
we're made to resemble very closely certain kinds OF
the genuine article. His frauds were finally detect
ed, his spurious teas all seized and destroyed by the
officers of justice, and he himself subjected to pun
ishment.
The Albion, of to-day republishes Mr. Benton
speech entire.
The Courier des Eiats Unis is engaged in repub.
fishing the "History the Captivity in st. Helena,
by General Montholon, the companion in exile, and
testamentary executor of the emperor"
The new French paper | understand, appears
again on Monday.
The exports from New York for the week ending
the I'd April, amounted to 1923, 1873; arrivals, as
American vessels and foreign; total 81; passengers
do, l,7s2 clearances, American vessels o. foreign
2 total "a; total tonnage $685. Export of specie
during the same period, Sl25,00O.
learn on very good authority that, in conse-
qnence of the advance in sterling exchange to 10 a
l0, produced in part, by large of bills pro-
tested, which came out by the Hibernia, combined
with the demand for money for remittance to Eng
land, in payment of securities disposed of in this
market by English capitalists, specie has been freely
exported. 100000 went out by the packet-ship
Europe Of the LIST; the Roscius, which sailed to-day
took out $4,000 and the Prince Albert about
10000 or 100000, which also sailed to-day, ma
king from eco, 900 to 10000 shipped since the sail
ing of the Hibernia. This drain upon the specie of
the country has made money some tighter in Wall
street, and stocks to-day were lower, to some ex-
tent, than yesterday.
Ns,o York market this day, Al D. m.-i)O bales
of cotton sold at firm rates. The following prices
were current in the early part of the week, but at
the close they were shade better, if anything: