Iowa capitol reporter. [volume] (Iowa City, Iowa) 1841-1855, 1847-06-23
LaIgs TraAe- Breadstuds, etc.
The Nov York Journal Of Commerce
publishes the following letter, dated

L1lgo Trade Brea0StuMs, ETC.
The Nov York Journal Of Commerce,
publishes the following letter, dated
BurrALo May %, ls47.
Never has the pressure upon the trans
portalion companies been so great as at
this time. Every thing and every body
il in a whirl OF excitement and drive, and
It has been to. day almost impossible to get
the ear Of . business man long enough to get
a direct reply to : question, and impossi-
hle to sit down and talk upon business
subject long enough to make it available.
The appearance about the docks is very
like the appearance Of yours at the close
Of the last week Of October. There is a
GREAT deal Of flour on the canal, pressing
its way to your market; but then it makes
no inroads upon the quantity here--the
Lake craft constantly arriving, more than
filling warehouses and docks with produce
Ten days since it was the general expecta-
ton that freights would decline, but the
reverse lie the fact; los. Sd. and Is. was
Maid for flour to Albany yesterday. There
& also rise Of price on the Lake. Flour
from Detroit is now &c.; it fell at one
time for few days to Zoe.
Several have consulted on this point and
compared notes, and the conclusion is that
there will be forwarded from the lakes
equal to about 2, 600 600 barrels Of flour.
As an evidence Of the pressure on the
canal. will state one fact, viz: that gen.
tlen.n here offered lis. Sd. for small lot
Of -four to Albany, which was declined.
Brass Knobs' Cut Uader!- Curious
times!-The Steubenville Union says:-
"A large meeting of both political parties
was recently held in Montgomery Co. Ky.
to nominate Gen. Taylor for the Presiden.
cy. Hon. Richard French, (dem. pre-
sided. We learn from the Flag that q
majority Of the meeting were dmocrats
aud that Gen. T., was nominated five t
one. The meeting, in nominating Gen
T. declared that they supported him be
cause Of his having supported Gen. Jeck
sons election and defended the old her,
against The calumnies of the federalists
because he Is opposed to National Bank
because he is the open foe ofo Protective Ia
riff; because he IS in tauor Of the ~a'
against the clamors OF its federal oPposers
&c. We presume Gen. T. is also favor.
able to the Independent Treasury, since
it is known that he has no sympathy fol-
National Bank. To such candidate
(if all this be correctly the democracy can
have no objection; and the nomination Of
Gen. Taylor by few more democratic
meetings will be the signal tor general
hauling down of the Taylor flag from the
columns Of the federal newspapers"
The u. S. Loan-Te Public Lands
The act of Congress under which the late
loan Of $23. 600 900 was negotiated, pledg
ed the proceeds of the public lands to pay
the interest and principal Of the debt
The Government lands are estimated at
one thousand millions Of acres, valued at
the present minimum price, at twelve
hundred and fifty millions Of dollars, a sum
more than fifty times the amount Of the
debt. The receipts from the sales of
lands are estimated by the commissioner
of the land office, for the present year, at
s3,9OO,0OO The rapidly increasing i'm.
migration to tho country, as well as the
high price Of produce, will give new val
ue and more extensive sales to the public
domain. Besides, the bounty in land to
the volunteers will create many new far
mers. The course pursued BY the present
administration, and the aspect of affairs in
Europe, are working out vast benefits for
the West-givine fresh impetus to immi-
grafton towards the new States, and adj
vancing their prosperity and population as
well as those of the whole Union. The
offer to loan nearly 500, 000,0 900 to Gov
eminent, made by eastern capitalist, shows
that there is money enough for great en-
terprises, and that business is in healthy
co,,ditiou.-[St. Louis Union.
Rio De La Plata.-A private letter from
friend at Monte Viedo, to the editor Of
the Philadelphia U. S. Gazette, mentions
that Sir Thomas Herbert, the English Ad-
miral commanding that station, has ex-
pressed himself as opposed to the armed