Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1847-02-18

The condition Of England as well as of France and Eio
land altogether unprecedented regards Bread Stuhs
For the first time in the history Of this county, these im
pOrant nations dependent 10 considerable extent
the United States The great exports al the present Tune
to Great Britain but the navigation Of the
North Of Europe open large supplies will he wanted for
that portion Of Europe The natural question, that ask
ed by every intelligent man, is what will be the effect Of
this extraordinary state OF things There be but
the enquiry and that il must enrich beyond
all calculation So great is the demand for every descrP
ton Of grain at the present time that our shipments are
only limited TO the capacity Of shipping 10 take the
duee to Europe The crop Of in this country es,i-
mated four hundred millions OF BUSHELS that Of Wheat at
ninety million, and OF Rye twenty millions The price OF
the former double what II usually is and Of the latter
third more, although only small portion Of the quantity
raised will be exported that which sent abroad, Will
be much addition regular exports For series Of
years have sent Rye Wheat to Europe, and corn
is article altogether. Our surplus is not only taken
MARKET but it is sent enormous freight
y three times greater than the usual rate.
Besides the increased value Of breadstus the value oil
crop double 10 what il two years ago II
was worth my millions then, it IS worth one HUNDRED
millions With these enormous exports, and At the
present exorbtant prices the wealth Of this country
mnzingly increased.
The Spring is Just opening upon the great crop Of
corn Of year-grealer than known beioeis
still in the country but II will be pouring in upon
10 extent never before known. We learn that during
the present winter greater number Of canal boats have
been built than during any rmer season and yet we
presume there will be great OF feightng crait on
the lakes rivers and canals The additional transportation
Of produce will give profitable employment TO large
population The whole foreign and domestic commerce
together with all the lake, river and canal craft will
liIe greater profit this coming year than has ever been
known.
In the inflated times Of 1896, there general eIPan
sion Of all the Banks the United States well as all the
rest Money made abundant and every article adsanc
ed in price but il was rise among ourselves Europe
wanted none of productions but on the contrary, we
importing from Europe.
The consequence was that when the contraction camt
and the bank notes called nPrces went down mad
in followed. Now the condition Of things is reversed, =
there expansion Of paper money but the banks al
wall ind nre I'M a nd
produce wanted 90 Of the county for which
we paid in specie. Nor other branches Of trade
crippled the manufacturing and the mechanical pursuits
although they may not be prohtaby employed during
the Tariff Of lSi2 participate nevertheless IN the genera
prosperity.
The effect Of this state Of prosperity the country
large must be most powerfully felt The abundance o
money bring about moderate rate Of interest ant
property Of every kind must feel its eectsN Express