Ypsilanti sentinel. [volume] (Ypsilanti, Washtenaw Co., Mich.) 1843-1900, 1846-01-07


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Tbs AUDITOR GESERAL's CIRcuLAR, has come n, las
Notwithstanding assurance was given the peop,e b
some Of the "Demccrsr" presses that no tax wou,i b
necessary 20 meet the J,nu,ry interest This orpu
"en Tor the sale Of the Railroads. therefore stands
faF chance Of being thoroughly weighed and is fore.
Estimated ia the tangible for A. bv dollars and
cents. Granting however that the roads are sold WIS
spprchend there will br dollar snd cent account or
the other side also to be measured only by the aver
eious dispositions Of tran p t,sio, ,e, who win b,
possessing controlling interest in the roads. monono
ise and mana &c the entire carrying trade from Buffalo
to Chicago
we VIII make suppos'ion based in the exactons
ct The Lake Steamboat Combination of las, summer
Is ms suppose the Central Railroad fell into the
hands OF that Combination, what We, sell except one be-
longing 10 that Combination would carry barrel of
Mchigan Hour down the Lake from the Railroad or
"na' Store house Ia Detroit would Se permitted to re-
eeive except the store houses of the combination
now iohg WOULD ary opposition 10 tLem exist So
long as the direct and se route across the peuinsuIa
was opposed to the long voyage around the Lakes2 And
when this conbnatl bad effectua y RIM .verv thine
OFT the Lakes. under what obligations woud II be to
carry any produce excep such it bought at its own
pr'ces1 Does any one say that The Lake combination
does not exist True, but the incorporation of COM
pany and the sale ofthe Railroads, the creation
sucha permanent combination for take which way we
will, the men who now own steamboats, can buy stock
IN the Railroads who buy and complete the
roads, can build steamboats,
suppose that petition should be presented at the
opening of the Legislature asking the SO right and
privilege Of navigating Lakes Erie, Huron and Micbi
gan and OF connecting the former and latter by Rail
road across the State, who would vote in favor of sucb
petition and yet such petition would not contem
plato single power which unlimited possession Of
these roads does not give.
We really hope that the Legisla lure will see pron.r
70 oe Ter TINS matter at least another year. Time de-
termnes all things and it sometimes the yerv he's,
counselor we can employ. Meanwhile let the PRUNING
kmie be applied to every eless expense and abuse
and let economy and reform mark every action of the
government. '
IHE STATE OF THE MARKErs.-The present fall in
the pce OF produce in the face of absolute need in
foreign lands, should induce every producer to inform
HIMSELF If possible, in regard to the real value of the
Wanted "foreign demand;" to create which, we are
asked to destroy our own manufactures and leave
undeveloped the immense resources of our country.
Inc universal question is, what has occasioned
the present fall in the price of flour! Why dealers
bought with the expectation that the English duties
would be reduced, and therefore, paid more than the
state of the market would warrant. But if this he
satisfactory answer, why, may ask, does the price
not again rise since there is more probability
than ever if peace continues, that the corn laws will
be repealed!
This cause has doubt had its influence, still it
is not a complete answer to the question, why has
the price of -four fallen9
Another answer may be found in the warlike look
OF affars though nothing has yet occurred of ma
ture to create serious alarm, except it be an alarm
lest the President may lack sufficient adroitness to
make an honorable retreat from his position.
Another cause may be found in the contractions of
the New York city banks preparatory to the repeal
OF the Tariff the enactment of the SubTreasury law,
and the divorce of the Banks and the State
But to minds the fact is evident that the fall
in prices has originated in Europe, and has no better
reason than that those who have power, cause them
to decline. The machinery of commerce is easily
enough managed to occasion as great and greater
changes, by simultaneous efforts, and evidence e.
nough has come to our knowledge to induce the be-
lief that such efforts have been made. We mention
some of them.
The Journal Of Commerce, Free Trade paper, |
VIGOROUSLY in Foreign interest says: European
merchants and bankers of the most cautious class, |
mad, before the last steamer came away, with
drawn their facilities from American operations Ono
highly respectable house here received notice, with
drawing former liberty to draw against shipments.
the house on the other side remarkng that, in the
present attitude of the relations betweenEngand and
the United States they did not deem it expedent to
advance on produce until actually landed in Europe"
We do not dispute the Journal, that the house re-
marked thus, but this remark must have been made
with extraordinary foresight, before the Presidents
message reached England, or any body was aware of
The Outlying to the effect of which the Journal inn
putes it.
Again, just about these days, as the Almanac ma
zers say, cargo of potatoes! possble!. one whole
largo =! has arrived in st. Johns from Ireland We
lave heard of another somewhere in the United
States and not to be stopped here all at once let
ers come from Ireland, boasting that the quantity
potatoes is sufficiently greater than usual to enable
Paddy to fling away all the rotten ones and never
Miss them. |,