The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-09-30
COMMERCIAL.


Nxw YoRx, Sept y, Wednesday, 4. p. m.
Money continues abundant in this city, we'll as
m Boston, and the of bills England heavy
~ a9, while those Paris have been in better demand
an advance-say 525 5232 The imports of goods for
the last week were larger than during the previous one,
ana near lou per cent greater than for the corresponding
week last yesrthe duabe goods having been sc SIG 95l
against 81 346b6 and the duties $685. 80 against $500 ZIG
asyea The demand for these foreign goods is fair and
the prospect Is that Notwithstanding this apparent large
supply the stock remaining the close of the will
be greater than years The British factories
running time owing the scarcity of money as
much to the high price of the material and many
the goods that arrive here consiRnment from
facturer rather than orders from this side, and have
been generally encourage the idea OF
continued successful competition against American
goods, which doing we'll The staple domestic goods
are far above competition that in revenue point
of view will become necessary reduce the duty upon
foreign goods admit of their importation and also to
promote healthy competition with the American articles
Tor the benefit Of the The decline in the export
trade has induced fall of some per upon the heavy
domestic sheetings So far from the tariff having
been injury manufactures, predicted by the
capitalists there has probably
been more prosperous year. There may have been
seasons when larger sal,s higher prices and longer
credits have prevailed, but when the profits
would nett When reflect tho of prosper
y, unexampled in the history any country which the
Union presents the enhanced OF the
federal government the large tolls oil the
public works Of the country, the improved dividends
OF banks, railroads, canals and insurance companies,
all that gives evidence Of profitable employment of capt.
tai the activity and industry of the people, the large
amount of goods, foreign and domestic which they have
been enabled to and pay for indicated in the
enhanced imports and the low of foreign exchanges
we become struck with the signal and complete reutaton
of all the predictions and particularly with
those of the honorable Abbott Lawrence,
January l6, 1886, addressed to William G. Rves esq
He there states.
"In less than ftcelve months after the plan (he tariff
of lSlG shall have been in operation this whole country
will be literally surfeed with foreign merchandise III
federal government) We shall then debt abroad o
millions Of dollars, which must be paid in coin. The ex
changes go up point that makes 1t profitable TO ship
SPECIE money becomes in the Atlantic citie &C.
He then goes the Of general suspen-
sion Of the banks insolvency of the federal treasury pa
ralysis of business and general ruin. Now 'the new
PLAN into operation December l, 1916 since when
ten months have apsed and the time is arrived accord
ing to Mr. Lawrence, when
'We the storm approaching, like thunder shower
in summers days watch its progress, but cannot es
cape its fall
has the plan" been operation nearly year, but it
has been accompanied by that "bugbear, the snbeasu-
ry, and expensive foreign yet the of all
that Mr. Lawrence and his compeers predicted is manifest
in all directions The usual for the importation OF
foreign goods nearly over and the stocks rather small
than otherwise; while exchanges, Notwithstanding the
great fall in produce abroad lower than usual at this
The Dealers the banks the States and the govern
nent were in better credit than now, and the
sumption of by the manufacturers has been larger
than ever before and while the country is not 'eray
sureed" with goods the federal greatly exceed
those period under the tariff OF 1872 according
to u recent official statement
United States cnstoms-rerenues.
1885, 1867. Increase.