Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1848-10-26
BUSINESS PROSPECTS.

During the past week there were two arrivals
from Europe, and the commercial news is sum-
med up as follows by the N. Y. Dry Goods Re.
porter-a commercial paper;
Breads,uffs and Provisions have both in the
main declined in their rates. This is much to
be lamened, for the balance Of trade is already
sufficiently agalns, us, increased as j; has been
by Mr. Corcoran's operations, with every pros
pect of large importltiuns both Of iron and man
ufnctured goods; our banks will be afraid to dis
count to the extent the commercial community
will require.
The very low rates of raw material in Eng
land will enable their manufacturers to sell, even
at profit, goods at very reduced prices. We al
ready find that although the nominal value Of
the exports of manufactured goods had fallen
off during the last seven months some five mil
lions of pounds sterling. yet much larger
amount of goods had been manufactured. As
the value Of the goods has SO materially de-
creased, so will The duties of those imported into
this country also. For examine. if bale Of
goods manufactured IN Manchester, paid last
year, when imported hithcr, % dollars Duty the
same sized bale will now pay 10 only the re-
ducton, however, will be found greater on silk
manufactured goods than in either cotton or
wooden, because Of the price Of the raw materl-
al declining more. The mills in Lancashire are
nearly all in active employment, very few work.
ing short time. Yet in consequence Of the state
OF France, and Europe in general, very few ship
ments Of manufactured goods are made thither.
This, therefore, is destined to be the principal
market for their productions.
There are some, however, who believe that
England will require large amount of bread
stutls from this country. This is much to be
doubted, especially if the account received here
Ivy the Britannia should prove true, that the Eng
llsh corn merchants had already purchased at
very low prices forty millions Of bushels ofwheat
to be shipped from Odessa Upon the whole,
from the foreign accounts received by the last
two steamers, we cannot see how an easy money
market can be anticipated.
What is this? Even with famine threaten
ing Ireland during the winter OF 1913, as in
1917, there is no promise OF great market and
high prices for American breadstutfs The for
ty millions Of bushels Of wheat are TO come from
Odessa, not from Amerca-from the east, not
from the West. The Polk Fee Trade Tariff,
then, don't give us u foreign market this year.
Now, turn to the other side: British maEufac-
lures are cheaper than ever-we are buying
them in larger quantities than ever, and the bal
ance Of trade is even now against us. And mark
the reason: British goods are cheaper on account
Of " the very low rates of rat0 material in Eng
iand" Our manufacturers then must entirely stop,
OF else the ratV material IN .4merica must go
down to the British standard. In either event,
the prices of our wool, and beef, and pork, and
butter, and cheese, must go down. The money
market, too, must continue tight Money has
been worth from 10 per cent. month"; tre-
mendous tax, in the end, upon the productions
of the country for the benefit of usurers and note
shayers. Such are the fruits Of locofoco Free
Trade. We put the question 10 men of business
to intelligent thoughtful farmers will you do
nothing 10 prevent these euiis-nOihing 10 protect
election Of Wing President and Wing Con-
gress. Omit the present chance-yote for Cass
or what is the same thing, elect either Cass or
Butter by voting Tor Van Buren-and You will
have four years more of Free Trade--four years
more of suffering. Now is the accepted Time.
A Wing Congress is sure if the Wings do their
duty in November. What the country wants is
Constitutional President, who will not veto the
will of Congress. 1t must not be CAss-he will
be another King Veto. 1t must not be VAN BU-
RrS-he is avowedly for the Free Trade Tariff
now, and ultimately for Direct Taxes and an a.
abandonment of all duties. He, too, would be
another KING VEro. 1t must be ZACHARY TAr-
LoR, and nobody else. Think of it, freemen
think of your own personal interest in the mat
ter Thlnk-judge candidly, and vote as you
please.