Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1848-01-12

CINCINNATI, SATURDAY EVENING.

SiN14NNAE4. tnAa fNENfNs. Y
January :, leii.
mike your neighbor OF the Je.fersonian the
'Enquirer' of this city comes on, yesterday COM
planning that the price of produce in this country
entirely too high. I,says.our prices are pure
ly speculative and are ..susiainci BY the ex-
tended facilities aiordei by the increase Of banks
aud bank paper" What Your nrirhbor NAV
think Of this c;anot soy; bu, between these Two
champions of democracy the hanks catch j; right
and left. According II the lire banks make
the price OF Proaacr 50 h5ys II III not bear ship
ping. and ,huS rum the country BY causing specie
instead Of produce 10 be exported 10 meet the
balance Of trade. caused by the by, by their own
free ira e policy: aud according to the other the
banks make tbs price Of pro-: lo,o the poor
farmer viii stirve 10 Death raising IL. most
sorrouful condition of things truly, ana all direct
iy attributable 10 the banks.
The Enquirer goes on TO sly that "a practical
revulsson in the currency of that n .hiy blessed
section of our Union New York wouI make
holders let 90, bring prices 10 exporting staa-
dard. and have i Tendency to check impor,a-
tons. Here we have Il at once---a paving the
way for an excuse For The recent failures, and
peradventure the total wreck cf their own ia
voured bantiing-the free banking system OF the
state of New York. We'll here Is virtue that
banks possess not before revealed
Whether they prosper or break II is all for the
gooi eli the country; bat mos, especially 50 when
they break, Tor them the rcyu>ion brings prices
10 exporting standard" and .'checks inporta-
tiou.
They are certainly welcome 10 all the glory
they can gam from Tie broken banks Of N.
y or -, I
-3on have like cause for eAulta,ioa over nc
5anhs Of OHIO.
Notwithstanding the high prices Of breadstulis
we heavy sales being nale for export,
auu there seems 10 be universal feeling perva
ding the whole country. that although by The las,
adsces from Europe. the prices there wall not
warrant clippers paying present prices on this
side. yet that they will require all the Surplus We
have TO spare ana Viii lac 10 pay for il at our
own price when their own crop Is exhausted
While ,lis feeling supported II Is by the
ability OF the farmers and milirrs generally 10
held on exists. there = not much probability OF
prices declining until II ~ nscrriained that the
English market be supplied from the Cont
ne at al lower rates.
There is not much room for an advance in the
price OF breadstnis IN ths country. Not 50,
however. IN rrgard to pork. 1t seems TO me
There every Itttiu''tflt Ht ioi l"
his hogs. II cannot get much "orS" II
there is foreign demand ,and !! there should be,
it must undoubtedly advance.
There has been brisk demand for lard this
week ana large quantities have been sold al
prices VARYING from ; 10 > c's. There is
change IN hogs. anu ltrg" numbers ar" stll arm
wing daily. good heavy bring $50. Flour 80
10 Si,95. Mola,s~> has further dec line and can
now br bon lat At - d:.3 cts by the quantity. +.
sugar has also declined Il ~haic in CONSCIENCE OF
ate aiyices from New Orleans which quote
noia>~es at l1a u J, aud sugar at ~ for fair.
cri~ilt~ have declined To near ihc low rates
r. u before III" flood Two three fins. boats
cave tins port Galiy, loaded down 10 the guards,
or New Orleans.
Rcspec tluilv. H.