Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1846-05-07


ers, and the papers speak Of the excellent ELECTS
produced BY his ngld examinations. These are
said I'd haze shown that close examination was
greatly needed
There has been yet another Ministerial crisis
in Spain, Naryaez having quarrelled with two
of his colleagues
The recall of General O'Donnel from the
Government Of Cuba is announced Gen.
RocaIIis appointed % succeed him.
The Paris Journal DIES Debats--the Govern
rnent organ come out in favor Of Free
Trade.
From Wilmer & Smiths E,uvpeun Times,
.1psil 10
Since we last addressed our readers CONNER
cial affairs wear an improved aspect Affairs
are still sufficiently bad but, comparatively
speaking not so much SO as they were a week
ago. The decision Of Parliament respecting
the pending railway bills win speedily bring
Into circulation large quantities of capital that
have been Withdrawn from the ordinary chan
nels Of trade.
We are, TOO, in the midst Of the spring sea.
son, with sunshine and balmy atmosphere.
Physical causes always exercise thelrinfuence
in raising or depressing the animal spirits and
a clouded sky has always been found iniinical
to business Ia our changeable climate these
causes must be taken for what they are worth
unnecessarily transltive, and often illusory.
The tariff, like Mahomet's coffin, is suspen-
I ded in mid. air. between the higher and the
lower powers, but pending its fate more advan-
tace is being taken Of the Treasury order for
lberatng goods from bond on payment Of the
reduced duties. During the present week the
receipts atthe Custom House has been large
q toerable proof that the commercial world
think the tariff will ultimately find its way 10
the statue book
There has been q somewhat serious failure
this week in Liverpool. and rumors touching
! the stability of other firms abound The firm
in question, Messrs. Crane and Telo, are ex-
tensive merchants in the Russian trade Their
liabilities are said TO exceed half million Of
dollars. One Of the ioint-stock banks which
suffered seriously by large failure some six
weeks ago, are the unlucky creditors Of the
house TO a considerable amount
The American provision trade has partaken
Of the faculties which the Treasury order af-
fords. Considerable supplies Of beef and pro-
visions have been released from bond under
the low duties, and are finding their way into
general consumption.
Amid the gloom which continues to hang
over commerce, an exception is found in the
wood trade, which is more than usually active,
/ piSduSSN pithSlpohy ny inc ltuuNttoH VI utc
duties on those descriptions of wood that enter
into the composition Of articles Of domestic fur
niture.
| The revenue returns 10 the 9Th of April ex-
hbn some curious results This is the end of
the financial year. The quarters revenue,
owing TO the general stagnatlon Of trade, shows
a deficiency in the customs Of nearly half
million, in the excise of more than quarter
of million. The years deficiency in the Gus
toms amounts to nearly two millions and
| half, and upward Of $780, 900 in the excise
! But,he stamps have increased 1900 the
Post Office 100000.
| The total ordinary revenue leaves decrease
Of something more than two millions. The
most gratifying feature Of the return is the cen.
tnued increase in the Post Office. Thus far
4 the penny postage has worked admirably.
| Nevertheless, thanksto the income tax, there
is clear surplus of two millions and half
above the expenditure. The falling of on the
years income is to be attributed to the remis-
sion Of taxation during the previous year
Since the last budget, taxes 10 the extent OF
three millions and quarter have been taken
off articles which entered largely into the con-
sumption Of the manufacturers and the 5usi-
ness classes.
| While the walls of Parliament ring with the
distress Of Ireland, and the fears Of famine in
that country are constantly present to the eyes
OF British statesmen, it's an undoubted fact that
the receipt OF butter. beef, -four and provisions,
the produce of the sister kingdom, in the
| Thames and the Mersey, is greater than at any
former period. But the exports from Ireland
establish two iacts--ihe extreme fertility of the
soil and the restitution Of the populace.
The poor farmer, in order to pay>hs rent, is
obliged to send his produce TO markA, and the
factor to whom he sends it Immediately tran
ships it to England, where money is more
abundant. and produce command abetter price.
The law supply and demand is realised in
the fact, but it involves melancholy common
tary on the social state Of the producers.
The British corn trade continues dull, and
prices are S.. lower than at the beginning of
the year. A variety Of causes will account for
the stagnaton. The uncertainty which exists
about the future is a main element, and no
wonder, when it is reflected that the passing of
the corn bill before Parliament will at once re-
duce the duty from lSs to DIS. Again, the
mlldness of the weather has checked the de
mand for bread stufs.
a low temperature always increases the con-
sumption Of food. And finally, the growth of
vegetables, from the same cause, has been
prolific, and superseded, to a considerable ex-
tent, the use Of wheaton bread. These combi- |
ned causes have kept down the price of flour,
and will continue to depress the market until
all uncertainty about the future ceases.
We have noticed, on more than one occasion |
recently, the high estimation in which Indian
corn, as an article Of food, has risen on this
side of the Atlantic Sir Robert Peel, on
Wednesday evening, coToborated our state
ment. In Ireland It is fast superseding the |
watery potato, and the Premier expressed
praiseworthy feeling Of pride at finding the
people of that country preierring what he just
ly styles ''a better and more generous descnp
ton Of food"
Under such auspices, the consumption of
Indian corn throughout Great Britain cannot
fail to be carried to much greater extent
The excellent use to which il is turned as an
article Of dietary in the United States is now
tolerably familiar TO European, at all events to
British ears.
The cotton market has improved since the
sailing of the caledonia" On Wednesday |
there was good deal of business doing, the
sales exceeding 10000 bales. On Thursday
the safes amounted to upwards Of 5000 bags
but yesterday, being Good Friday, there wasot /
course no business done.
Upon the whole the tone of the market 10