Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1847-05-28
AMERICAN BREADSTIIFFs

AMERICAN BREADSTUFFS.
We were struck whilst reading letter the
other day, written in Paris by Bennett, the
Editor of the New York Herald, and publish
ed in that paper, with the following remark
which he makes &c The people of Europe
are perfectly astonished and bewildered with
the state of affairs which the United States at
present exhibit. Not only are they happy
and prosperous themselves, but they are actu-
ally feeding one hemisphere whilst they are
whipping the other" Such is almost literally
the state of things; and what is more, from
all appearances we will have to continue to
feed the starving people of some portions of
Europe for years to come. What glorious
prospects does this view open up to the Anne
rlcan farmer To find market for the sur
plus products of the soil, is all he can desire
that is, at fair remunerating prices. Already
have thousands, yes, millions. of dollars flown
into the pockets of the farmers of the United
States, the price of their labor, from the cot.
fers of Great Britain and France, and if we
credit the article which we quote below, mil
lions will continue to flow into their pockets
for some time to come. By the way, why is
1t that we don't hear so much as formerly a.
bout the home market of which the FederaIists
used to speak so much The following let
ter will be read by our subscribers with inter-
est We find it in the New York Journal OF
Commerce of a late date -
From the private letter of an American mer-
chant now in England, dated
WATERLOO HOTEL, LIVERPOOL,
April Is, 1847.
| 1t is estimated here that half a million will
perish IN Ireland by starvation, or diseases a.
rising from it, and that as many more will emf
crate.
have taken some pains to ascertain facts
and | give you the following as some of them
1t Is fact that Ireland has but begun hel
consumption, and that it will much increase
from what it now is, even in the face OF the
great tide OF emigration: for up to this time
some OF the better class had more or less stores
on hand, which are now exhausted and they
are forced to come into the market to buy. L
is. also fact that of corn alone, they mus
have, before 1st September next, million anG
a half OF quarters, or from u 10 Is million
bushels. 1t is a fact that the stocks of grair
and all kinds of breadstuffs, of home produc
ton IN England, are also consumed-and the
mlllers Of the interior are coming to the mar
kets to buy foreign wheat and the consump
ton will also increase here. 1t is a fact tina
the United States and Russia are the only
points from which they can get supply; ant
it is not likely that with France, Belgium
Germany and other States, who are entirely
dependent on foreign supply, calling upor
Russia, she can send much, indeed any, to thi!
country. So that to the United States alone
must they look for supply, and they know
it; and IN the face of these admitted facts, al
the merchants here have stopped importing
and have sent out no orders for further sup
plies since the panic. The reason, however
for this step is, that the Bank of England ha
raised the rate of interest to per cent, ant
refused to discount the paper OF several hou
SEES; it is ascertained that these parties hat
bought largely of Bills in New York, and Civ
en- their own paper at 50 or 80 days for it, 70
the purpose OF drawing gold from this coun
try, in order to gain the difference between g.
or 4 per ct. exchange, and per ct. in gold
This has made money scarce, and frightened
the parties who have been engaged in import
ing breadstufs, and they have stopped almos
entirely, and expect there will be large con
signments from your side tell them so Ion!
as you can dispose of your stock on the spot
you will not consign it. Then, they say
Government must take it up and import sup
plies at her own risk. This she may or ma,
not do. 1t remains to be seen. But at al
events the present determination of the mer
chants to hold back, will result in short sup
plies and high prices from a scarcity in Jun
and July, and I should not be surprised to Sc
flour SOS. barrel here at that time, or more
If had hundred thousand dollars woul
put it all into flour, and hold it in warehous
here for that time. Corn there will be sup
ply of, think; but wheat and flour will bot
be higher than they have been-for they wi
5 fall short of the demand would also bu
and ship rye flour, for they will have to tur
to that; and as it has not been much in dc
mand, it can be bought lower in proportio
than wheat Mark me, every thing in tn
shape of breadstuffs will be called for-and a
you can spare before September next If ther
is anything might except, it is corn; and
think all you can spare Of that will be wan
ed. You will see that before that time all tn
middle and lower class in England also wi
, turn to Indian corn for food They are ru
out, and must have food from you. You hav
> got to supply Great Britain, and large po
ton of Europe, Russia excepted, until the ne,
crop; and even after that with the chief E;
mount of their food, in this country at leas
You may depend upon it, that whoever buy
flour and wheat now, even at 81 so or So, an
! 81 70 or ST 80, will make fine business
it; and there is no fear Of corn even, for ii
> amount that will be required for Ireland alor
! it will take 1900 ships to bring out, becaus
no ship is likely to bring more than 1900
bushels of that one @ticle at one time, ar
where are the ships to come from l cou
: write dozen sheets on this subject, but yo
will say, enough.
/ eg-1n our last paper, we mentioned the r.
e turn of Lieuts. ANDREWS and MOVE, from til
4 Army on the Rio Grande. Since then "
b,,,o rooo1,sJ tho fo1IoJrinr ;ntarostinr lat+