The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-08-03

The importance Of the markets Of Great Britain FOR
the products of this country; il clearly illustrate by
the above statement EXPORTS and the relative value
Of other markets is also presented. II will b. per-
ceved that the exports France have dvndled down
to the fmallest sum, and that country ranks
the nth in the list when ii usually ranked second
tLird The second in the list the East Indies,
and the third beWest Indies OF more than two millions
of dollars exported during the month, only S375.is5
went to the continent Of Europe. The whole of the
de does not therefore, amount to much;
and has become reduced as much AZ IL can well b.,
without being wholly exnguished. The political dis
turlarccs in that section the world with the excep
ton Of France may be sufficiently settled to per-
nit return of activity in the principal departmen ts
Of industry; and ANY change cannot but be favorable
TO an increase of trade with those countries.
We have, within the past six months, experienced
greater revolution in foreign export trade than
ever before in tie same length of time and it is
astonishing fact that amidst this rapid decline in
shipments coming, rs il did immediately at the close
of Of the most wide spread revusions in
cal credits know nhe failur this side OF the
Atlantic have been comparatively triing. They have
been trifng, without making any comparison with
those the old world and there il doubt but that
have suffered more real losses than any other
nation, in the depreciation in the value of pro-
ducts the first loss the material comes upon
ana nave Deneht OF In view OF TINS,
It is as we have before remarked, matter Of much
establishment, that few bankruptcies have occurred
among our business men. We have doubt many
have been very much embarrassed in their finances,
and many have been drained Of all their substance;
but some how they manage to keep atoat, and
far appearances to all ntents and purposes SOL
vent The position of things in the financial and
commercial world during the past two months, has
tried the credit sovency of the commercial classes
of this country to the utmost and they have stood the
test wonderfully. Money has not, at any time
within the past five years been scarce at periods
since the 1st of June; and thus far have sunk
under the accommodating difficulties When these
things will end do not pretend to prophecy it is
certainly beyond the comprehension of any indi-
vdual and the only way is to contract operations Of
all kinds as much possible enter into no new
gagements but those actually indispensable, and leave
the rest to time that grand regulator of all events
The annual report of the Essex Railroad Company
of Massachusetts, presents rathera favorable account
of its affairs and prospects The capital stock SUBJ
Icribed, amounts to $3o3 100, represented by 3O31
shares at 500 each 1t is estimated that the expen-
dture required to complete the road to Andover, will
be $157 $40. The at present within The control
Of the company to meet this expense are the uncol
ected assessments its capital stock and the balance
of the loan contracted for with the Eastern Railroad
a deficiency to be supplied by loan or in other
way.
The track of this road laid, at the time the
port was made, to point within four miles Of the
junction of the Essex with the Boston and Maine rail-
road. 1t was then expected that, in the of
few weeks, the rails would be laid the whole extent
of the road and that would be ready for traffic its
whole distance from Salem to Lawrence. In this way
the New England States being covered with rail
roads. Nearly every important route has numerous
branches, extending from the main track to the
mcrous large ma nufact turing places along the line
and before the lapse of many years. the railroads of
Massachus (and perhaps other New EpglandiSates)
will it like SPIDERS web We have our fears
that they will overdo the good orkthat they will not
all be profitable investments and that they may inter-
fere much With each other to depreciate the az
gregate value of all Such apprehe nsons, but
it must be admitted that the of railroads SO
far in every section of the world where they have ap-
peared, has been 70 much greater than anticipated,
that it is impossible TO fern Gny opinion to
their progress and prcducvencss There is thing,
however, pretty ccrtan-vhich IT, that the people at
large are benefited by tbem If the stockholders
mr.