Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1847-11-18
7Bh.e.9g From the National .lntellgencer. Is
Financial & Commercial Prospects.

78tea97 From the National lntelgencer. Is
Financial & Commercial Prospects.
The accounts, financial and commercial by
the last steamer from England are very unfa-
vorable, and the general opinion is that ''lhe
end is no, yel." Monetary matters were very
stringent, and all descriptions of American pro-
ducts were very low; COTTON and breads,ufs
much lower than they are in our own country
OF course there is an end 10 exports of bread
s,uffs, but cotton will be shipped throughout The
season, and a. much lower prices than our plan
Iers supposed few months ago.
The crop Of cotton s generally estimated at
about twenty-five hundred thousand bales, with
tho chances of one hundred thousand more
the season for picking having been unusually
fine. In consequence of the great decline in
Europe jus, as the crop is coming 10 market in
the South the planters will be sorely disappoin-
ted, as 1t is estimated that the proceeds of The
present crop will be from twenty 10 twenty five
millions Of dollars less than had been expected
This, insthe face of the large imports and the
cessasion of exports of breadstuffs, may be
looked upon as national calamity, and il is
hoped the Secretary Of the Treasury will not
lose sight Of these important facts when he
makes his report TO Congress. II we Che pln-
raj uni. Of this paper) had the honor Of occupy
ing his responsible station, we would say as
follows: - a'l4 ',t ess" Jog
"AH things considered, the presen, Tariff has
worked admirably; The imports have been very
large, and, by consequence. large amount Of
duties has been paid into the Treasury. Un-
der The new system the country ha. been pros
porous but frahkness requires me 10 say that
our prosperity mus. be ascribed 10 the great ca
lamity which visited all Europe in ls46-that
is TO say, the unprecedented short crops of eve-
ry description of food. Had The crops Of Eu-
rope been full our exports would have been ff-
~ millions Of dollars less III amount, the bal
ance of trade would have been largely against
US, and consequently our Subtreasury and our
Banks would have been swept of coin.' which
would have caused most disastrous state Of
things. The providen,ial foreign demand for
our breads,uffs was most opporiuDe, for it gave
us large amour, Of coin, which rescued the
country and the Administration from distress
and, last, but not least-nay, best of albany
estimates III my las, report 10 Congress have
been verified. But tempora mutdntur, (excuse
liule Latin Fhere will now be no exports
Of food TO Europe, and the value of the exports
of cotton will be abou, twenty millions of dol.
lars less than we some time ago expected; and,
in the face Of this, the impoAs continue large
Coin is leaving the country already; much lar
ger amounts mus. GO; and | am now perfectly
satisfied that if you do mol pu, on, and without
delay, additional duties, which will prevent
such enormous imports, The country will be in
deplorable condition before the month of No
uember l849." as sl To swa1 ssJ g
If the honorable Secretary Of The Treasury
will SO speak to Congress. he will utter nolhing
bot truth, confer gtea, benefit upon the coun.
| Try and gather laofels for himself. sa7s 3
1 T