The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-01-24


The domestic consumption Of breadstuFs Is 40 large
that very slight foreign demand puts up prices rapidly
ana foreign have to pay high prices for our
products The increased consumption Of cotton with
In our limits places the manufacturers of Europe in
spostion where they will be less able to compete with
us In manufactured goods; and markets win be sup
piled to greater extent witt fabrics 1t operates
with twofold eAsct upon foreign manufacturers, as
1t reduces their supply in times of scarcity, and
cuts of markets for their goods The manufacturing
interests of the United States never in NOR
prosperous, promising condition. and the increase
In the number 10 more rapid than many have an idea or
In every section of the country mills spruging
ifby magic The eastern States longer monopolizs
this buness in the South and ut the West the consump
ton OF cotton Is arg but We have no official re-
turns showing it's extent The consumption officially
reported is Of the section Of country north and east OF
Virginia Now thatlis very small section OF the ooun-
try and II the consumption In 1t reaches 100000 bales,
the consumption Of the remainder of the country cannot
bs less than 100000 bsles, making aggregate of
100000 bales As extraordinary this may it will
be realized in ls4s We are approaching Great Britain
in cotton manufacturing much more rapidly than Is
dreamed of, even in this country"
One Is really almost out OF breath at the gor-
geous ANNEXATION. Revenue rapidly increasing,
commerce ditto, immigration, public lands,
most healthy prosperity IN , every department,
unbroken, current of gold, "mills springing up
by magicv' Is this the practical conclusion of
the very sound homily to which we had been lis
tenipg? We listened as pupils, and pupils in
disgrace All at once the relation is changed
1t is now our turn to speak, and we will speak in
an Old England proverb. ''Do not count your
chickens before they are hatched," Brother Jo-
nathan.
From the Liverpool Journal Dec IS
Christmas may be happy, and alter Christmas
things may take turn but at present, matters
do not exactly mend. We have gold, we have
corn, we have cotton, and we have sugar; but
We have no relief from pressure" The screw
is on in the bank, although the bank is pletho-
rio with specie; and this fact has puzzled sundry
people, who, to their own entire satisfaction,
traced all our late ADVERTISEMENTS to the cur
rency. The talk with them is, that the bank was
wrong; that the Chancellor of the Exchequer
was wrong; but that there must be something
else still wrong that the alleged causes of dis
asters are not sufficient to account for their ex-
tent and CONTINUANCE, and that therefore, the
root OF the evil Is still to be searched for that 1t
our enterprise, our industry, our wealth, do not
afford us the security we expect from poverty
aud panic; and that as government has always
kept the merchant IN leading strings, 1t is posi-
bic the fault appertalns to mistaken legislation
shat 1t Is positive fact that we are not what we
ought to be ; that about one third of the habita-
Bile globe Is ours, or might be ours that the sun
never sets upon the British flag; that our SUBJ
Jects till all soils, our ships navigate all seas
that We speculative, resolute, and ente rpris-
ing but that, nevertheless, our trade languishes
our merchants lock more dull than cheerful !;
that millions OF our laboring classes are paupers
and that thousands of the best instructed me-
chanics IN the world pine in poverty for want of
employment that the obvious conclusion is,
that there is something essentially wrong that
the State is to blame; that We do not avail our
selves fully oil our resources and that if Eng
land Declines the fault will be traceabe to feeble
and foolish craftsmanship.
The further talk Is, that we are becoming wo-
manish in our fears; that we have narrowed our
national views, and sought to govern the nation
with shopkeeping ideas; that we have ceased to
look beyond the ignorant present, and subdued
noble aspirations to the common place perez D.
tons OF the cowardly and the selfish; that when
great people eschew national grandeur they
perish; and that, as the destiny of man is eter-
nally onward, he cannot pause in his career
without commencing to degenerate; that there
is abroad now an alarming disposition to politi-
cal and commercial quletude; that traders are no
longer endowed with big minds; and that the
Stale, sympathising with them, is all for letting
things alone; that this state of things is full Of
danger; that never before, in the history OF Eng
land, were we In greater need OF comprehensive
and bold policy; that we stand In the presence of
multitudes of manufacturing and commercial
dangers; that, like Napoleon and prior general,
we have taught our opponents the art by which
they are, unless we take heed, to conquer US;
that we have no longer a monopoly of skill or
markets; that m chancs approach pertection,a and
that neighboring States Will necessarily supply
themselves with homely productions shat beyond
these nations there is one whose high destiny we
can only hope TO enter on generous rivalry; that
the United States possess all the elements of
greatness ia greater abundance than any other
people WAC ever existed that 1t would be dis
honest to question the fact, aad foolish not to
admit 1t at once that the Yankees have even
greater variety of climates than China, and
better soil that they are geographically better
placed; that all the world is accessible to them;
that they can, If necessary, grow TODD for all thu
inhabitants of Europe, three times told That
they have In them the true blood OF England;
that they do every thing as well as England,
and, as if In obedience to some mysterious I'M
pulse, they have Observation-Disclosures which no
thing can restrain; that their ststesmenare full OF
forethought; that they are now within weeks
sail of the West, and will, by-andby, be within
ten days steaming of the East; that they en-
counter us In China, In Africa, Ia Chill; thet
they are taking the whole trade from us thai
they are sending us not only domestic Articles
clocks, chairs-but boots and shoes, and nearly
the whole material OF our principal msnafAc-
ture.; that they are endeavorlng after home and
foreign supply of cotton cloth that their mills
multiply exceedingly, and that, as their mine
ra!s and coal fields are on scale OF immensely,
they want nothing TO defy competition but an
increase of population.
Although Jonathan is OF our own flesh and blood,
we indulge IN small prejudice against him, and
the talk Is, that, with a strange lntatutton, we
are sending him daily our best bone and snew-
our laborers; that, in Il foolish Kindness, we are
supplying HIM gratis with the only thing ne
wants--population; taking no heed OF the fact,
that our own colonies ure scant OF inhabitants
that we err egregously in forgetting that these
colonies only add to the amplitude OF Great
Britain that they are much our soil as II they
were added TO our shore on the Atlantic, and that
We have only to people them to increase our
strength, our wealth, our independence, and our
security thar, like America, we, too, have
ooundless pastures, all kinds of climates, and
that we, too, have a propensity to go ahead
that we must husband our resources, and pro-
vide speedily for the future that America IS al
ready commercial and manufacturing power
that she threatens us, even at this moment, WIN
disastrous competition, and that, unless we
keep pace with her growth, we cannot hope to
resist her overwhelming influence within the
next fifty years; that, not dlscarding economy,
we must enlarge our policy, and sustain our en-
terprse that MIR. Golden cannot curtal our ar
my and navy without endangering our enterprise;
and that what we must look to for safety, IS an
increase of trade in the East, and perfect idea
tlty OF the mother country and her colonies.
From the Manchester (Epg) Examiner, Dec y
The NeW York Herald, received by the last ar
rival from the United States, in OF ITS boast
ing articles on the rapid progress which America