The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-12-09

The first TOUR years embrace whole operation the
tariff Of 1872 and the last of tho present tariff The
large export Of dor1csc produce in 1917 ascribed to
the "iamine abroad and ths beneficial operation upon
general trade Of the International low tariff denied With
the of the fiscal year lSiSvz: July, 1871
England good harpest and prices Of breadsufs fell
Immensely. Yet notw itsaDdng her good harvest and
prices, added great fall in cotton, domestic
ports 80 than in previous years that
say, farmers have sold 3OOO,0O0 more products
than 1874 1915. This at least cannot be ascrbed to
famine Again, large portion OF that sent abroad by
lost through the failure and bankruptcy
the "merchant princes of London" and the grow
ing of subsequent European revolutions This loss
fell upon commercial capital, aad merchants
it nobly, sustained by a sound trade home
The exports of foreign good, reach high figure and these
include SPECIE for which the demand in Europe during
cal disturbances has been great and anomalous Near
all the specie exported has, however, been supplied
from the boards of the immigrants and is not among the
least wonderful effects Of Institutions that individuals
whose life of industry has been spent in adding the
hoard of coins accumulated in many instances by their
ancestors and who account would, in Europe, ex-
pend property that be reached by the gath
touch shores than they become endowed
with the liberal enterprise Of people, and long seceted
sures discussed for land and household comforts seek
the bullion brokers' and supply the export demand for the
precious metals
Not the least gratifying triumph of principle is seen in the
figures for dutieshe amount 3l 070 exceed.
ing estimates OF the Secretary by $757070; the
of dutiable goods imported being x32 600 900 more
than year Perhaps part of the Secrearys report
pernaciousy objected to than his esti
othc The Express" of this city particularly
attempted to ridcue them yet principle has triumphcd
quackery At this the prosperity ofhe coun-
try whole supasses that of any other country, of
this in any former year. 1t is that many manufacturers
have discharged hands and oppressed operatives wanon
in manufacture opinion against the existing state
things, and also that low, through the disturbed
OF Europe These however, artificial exceptions;
employment generally good, wages high, produce fairly
remunerave, credit good mercantile confidence unsha-
United States per cent stock al 1861 premium, with
dividend of per cent due LIST proximo exchange
in favor of the country, and money be had at per
cent, and increasing in abundance Rejecting upon this
state of affairs. is amusing recur letters
bot Lawrence ESQ., dated February, 1886 (neary three
ago) describing the utter desolaton bankruptcy,
and ruin, national and individual which he staked his
reputation would in eighteen months result from the low
taf and independent treasury Superadded those Tin
his opinon) run have been the unforeseen Incl
dents of foreign general bankruptcy in England and
political revolution throughout Europe Yet have gone
through all these with mistaken prosperity and unchecked
national progress And Mr. Lawrences friends want him
be made Secretary of the Treasury reward for his
commercial and financial sagacy
The produce markets generally firm, particu
iary for materials; and manufacturers having long
struggled get hold of wool for little nothing, now
compelled to buy advancing rates. particularly
qualities In Philadelphia 100000 lbs have been
sold, mostly fer manufacturers, at 30 cents half
blood 80 three-fourhs blood full 81 cens-6 mos
In this market 10000 lbs, mostly fine grades were
sold, and the advance in lower grades has proved the
supply. The quantity received Underwater is S7I663s
lbs against ii, 1871 lbs There is fair demand for
ton, and prices steady, although they are a 4
lower than the departure of the packet of the 2h
ut The receipts OF cotton at all the ports e37
bales against 33697s last year-an increase of 1870 $3.50
baes-and the exports greater by 100 6Oi bales The
quotations follow;
Inferior Ord to good Mid. 10 good Mid fair Fully fair
,,,.p ordinary mddlng TO ar t0ga.r