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

the unueTSOI0 STARVING cutters oil Slletlltlu,
or the undersold and starving smiths OF Birmlpg-
ham, aud the small retailers OF London--alre ady
half bankrupt through free trade-be able TO pay
higher price than at present tor their frugal sup
ply of grocerlesl Nay, will the cotton manu-
facturers, working short time at reduced wages,
be able to aid In supporting the prices OF colo
NAL produce! These are questions TO be answer
ed by such as tell us that the restoration of pre-
lection Is to end with the colonies. One word,
however, about the cotton manufactures. We
have more than once predicted the extinction of
that branch of industry, rs the inevitable effect
OF free trade. Let us hear what the Ne,c York
Herald says upon the subjects
/" The manufacturing interests of the United States
were never In more prosperous promising condition.
have any idea Of In every section Of this country mills
springing up " by magic The eastern states
this West the consumptionof cotton ID already large
but we have official returns showing its extent The
nUrs II ns s
small section Of the country and II the consumption In
It reaches bales the consumption Of the remain
making aggregate Of 100000 bales As extraordina-
r. ~ this may seem It viii BE- realised in sas We are
much more rapidly than is dreamed OF even in this
country"
We know the usual fate of a long newspaper
article, namely, to 'pass unread and, therefore,
we have an anxiety to abridge this article in
proportion to our sense of the Importance of the
subject of it; but there are two points suggested
by the American journals, upon each of which
we must offer a word of remark.
First, the difficulties of England are referred
to the public debt. Now, If we held this Cpl
as the late Mr.. Goblet himself for we cannot
admit that successive generations are to be sa-
crlficed to the inviolabity of national faith but
we believe nothing of the kind We have seen
England squander in foreign loans, hundreds OF
millions, Notwithstanding ''the debit" and we
know that if we have had interest to pay upon
the debt during the last thirty years. contempo-
rary nations have had to support military and
n hpr estabII shments N IN uhl-
lity In the first instance, tour or hve-fold more
burdensome than ours. France alone has, at
this moment, more numerous army than
served for the empire of the world when Trajan
ruled it, the greatest empire that ever existed.
The debt has nothing to do with our difficulty;
we must look to something else, and shall not
have long to seek in our second point. The
American journals tell US that their exports to
Great Britain and her colonies exceed cores
pondlng imports In the proportion OF eight to
one. Now, as produce represents labor, this
means that we employ and iced eight American
citizens for one British subject employed and
fed by the Republicans. And so it is with the
rest of the world: In fact, whoever purchases
the worth of q dinner from foreigner, instead
of purchasing it from fellow subject, takes his
fellow subjects dinner, and gives it to the TO-
reigner The truth of this is well known in
sally diffused. The four pound loaf may be ex-
hibiIed at sixpence in the bakers window, but
the exhibition is cruel lnockery to the starving
father of a starving family, who has not the six
u, ",
however, forget the fate of long ne wspaper ar
tlces
From the London Standard, Dec. col
The public journals and authentic private adj
vices received from the United States by last
mail, contain much important information re-
garding the condition of those States, of deep
Importance to the general Interests of this coun
try, and different branches of our manufactures
and commerce. The produce from agriculture
is everywhere most abundant The cotton crop
has been concluded under most favorable cir
cumstances and the amount is given at the
most accurate extent to be e., 235 000 or l,105,.
$50, 900 lbs.
The internal consumption will, it is stated, be
$1,000 bales, WIS 6O0, 900 bales in the Northern
Southern and the Western States for the year end
ing June 30, l84S. |" Every where" say these
journals. section mills are sprlnging up as by
the work Of magic, throughout the Union, espe-
cially In the Southern and the South western
States, in the places where the cotton is produ-
ced. The American consumption will therefore |
shortly equal, and soon exceed, that of Great |
Britain.
The sugar crop of Louisiana is alss most |
abundant, and greater than ever before known
The produce of this crop will exceed $500
hhds., about $4,000 tons The yield IS very
great, in some places exceeding two tons per
acre. The produce of Indian corn is immense
900, 900 900 bushels (75,OO0,O0O qrs), worth at
rates quoted % to 70 cents per bushel, $780,,
600 The production OF iron goes on at Il re-
pldly increasing rate. 1t was boldly stated in
Congress in 1913, that in the State Of Pennsyl- |
vanla they had neither capital skill TO produce
and manufacture railroad iron. In 1916 the first
bar of this description of iron was produced at |
Manayunk, Norrlstown, Valley Forge, end sun |
der the efficient protection OF the bill of 1872"
the produce this year IS "abOut 90, 600 tons, al
most ecu Al to the entire wants OF the country
which, the American journals Justly boast, |
has already "saved millions to the country" |
The journals proclaim with exultation that while |
agriculture Is the strength of every country, II |
is especially 80 OF theirs. For the space of 100 |
miles above New Orleans, both banks of the |
Mississippi, to the extent of two miles on each |
side, are covered with the most uxuriant sugar
plantations, while similar plantations extend to |
a distance OF more then fifty miles below that |
city.
Would this country but take a lesson from
American patrlotlsm protection and industry,
how fortunate it would be for her. In the trade
with our British West India colonies, exclusive
of Guiana, Honduras, Bahamas, and Bermuda,
the imports into the United States, including
frelghis, &c, We're only e33,61S dollars, but the
freights and charges. This we call reciprocity,
and of the utmost advantage to our national in
terests
The American journals generally copy and
notice with the utmost care, the various articles
which appeared some time ago in the Times
journal of this city, describing the poverty of |
this country. They dwell on these confessions,
put forward by the ministerial organ, with pro-
phetic exultation of the vast advantages which
the United States must inevitably and directly |
gain from the state of things in England, and
the d difficulties which now surround her We
must do them the justice however, tosay that they
generally do not speak N any spirit OF hostility, |
but rather of regret at the present sad state OF
this country; but they unequiyocally declare and
believe that the policy which this country is pur-
suing will effect, and rapidly, complete revo-
luton inc Great Britain, which Will overthrow
everything that is established ia State or Church,
IN colonies, in commerce, and manufactures,
and which three latter they consider must lne-
vitality fall into their hands, and make them the
greatest nation on the earth. We dare not ac-
acknowledge that Uncle Sans expectations and
antcipations are wholly groundess We shall
take early opportunity oflayIpg some OF these
opinions of the American journalists before our
readers.
Banks OF the Mississippi,