The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-03-17
COMMERCIAL.
From our Commercial Correspondent.

NEw YoBK March l5-Wednesday, p. m.
Inc spring business has thus far, proceeded very salts
acoriy The supply Of goods hand early and in
good assorment and the condition of the interior of the
country has been such profitable business
The very large increase which took place in the floating
capital Of the country last year, through the beneic al
working OF the conoin liberal of the govern
ments OF England and the United States, is beginning to
make iSeii lett In many ways-more particularly now
that by means of the treaty. considerable dninuton
tn government expenditure may be looked for IL has
been the custom ascribe the large demands Of Eng
land Tor produce last year entirely TO the supposed short
crop. This as have had occasion heretofore 10 er-
plain. is The avowed policy of the govern
ment oil Sir Robert Peel in undertaking liberal commercial
measures, was 10 place within reach OF the many larger
share oil the comforts well the necessaries OF life and
as he has since acknowledged in his Tamworth letter.
larger consumption of vegetable food than ordinary was the
legitimate result OF those more particularly when
to the facilities afforded by the government for Importation
were added the means to purchase furnished by enormous
railroad expenditure. Both parties in England take this
view Of tue matter the ireetraders claiming II as the ben
ei sought by of government reforms that the
pie have enjoyed food, although ut the expense OF
pfoPerfyhode and capitalists; and the tories denouncng
as national evil the admission OF more food than England
could herself supply under any circumstances This Is the
ground taken in the January number OF Backwood which,
while Fecounng the quantities of food imported,
does not deny that it has been all eaten but denounces
us admission us destructive free trade policy 1t
Is worthy Of remark, that while Backwood and the
worth OF grain was imported in fifteen months ending
with October and ascrbe all the distress and depreciation
Of properly in England estimated E3O0 100000, to the
export Of gold pay for breadsus they should overlook
The material fact that but csOO0 900 of gold left the bank
viz that ITS bullion i, from El600 900 to $4,000 OO0
Hence, II E250Oo 900 worth of grain only had been i'm
ported instead Of f33 00o according their reasoning,
ere would have been export OF god and no distress
That liberal policy OF England, united with the modlfca-
ton OF the American Tariff, actually called into existence,
Tor the service OF both countries, large capital equal IN
the of the Mexican conquest. it is well
known that very large majority of the active people OF
the United States agrcultusts, and that but small
portion Of tho proceeds of their labor is sufficient supply
the wants Of the remainder Of the community. Hence,
although all industrious, and the earth prolific in
all sections, the products, instead of forming annual
Increase 10 the floating circulating capital of the
country, Is vauecss, for of market, if it
had never been raised. OF late years. how many rich
fields of grain have remained unharvescd because there
was market that would pay the EXPENSE The moment
market offered, the whole surplus came into requsiton
The official tables show the exports have been as
iollOwsi