The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-01-13

The dividends the national debt payable quarter
the bank and the amount Of notes on hand huctuaes
with the payments The accumulation OF coin has been
steady and large during the three months,
large importation produce including 0Oo qrs OF
grain considerable portion of this was sent from dis
position in Europe reazs and it has been supposed
that many districts have far oversod themselves as that
they will be obliged repurchase in the spring Two re-
facts are prominent however viz that the prices
ogain been well sustained under the large importation
realize and that Notwithstanding the required
be made in face of small exports, the bullion has IN
creased considerable extent uy III per cent? IN
Ave weeks The continued cheapness of money resulting
from this of things sustain that improved con-
don of tho manufacturing districts that has manifested
itself in the last few weeks causing an advance In cotton
This affords very favorable prospect Tor the sale OF United
States produce and indicates continued low price for
exchange The favorable aspect OF the foreign markets
for produce aided by the collateral influence of the demand
for California has produced higher petensons on the part
of holders of goods generally ior the spring trade Domcuc
cottons wooens particularly higher, and holders viii
not for future delivery rates. and many
manufacturers will deliver all until May, and then or "
future market rates The pressure which the markets en-
the last year from the goods driven out OF Europe by
the political revusons has evidently passed; and the man.
uactuers after earning reasonable dividends in the face oil
that PRESSURE about to reap the advantages oil
healthy Market based upon the prosperity Oh the consn
of goodsa prosperity founded upon the extended Tor
epn markets sale of surplus productions They
already the soundness of the business for the com
ing year. by disposed to have their busi
ness
which would induce the investment OF large capitals In
res and again expose them to more ruinous
and las ny competition than that which the revolutions in
Europe created during the last year. For these reasons
the leading organs of the manufacturers are discouragg
any change--much to the disase OF superficial dema-
pogrcs who cannot afford lose the tariff excitement
The ad valorem principle OF dutis, has, than any
other, been riumphantly vindicaed by its own action
because it more polnedly assaed Ihe late CIR
cular of the department most efectualy removes the
only material abuse which it exposed through
the colu sion Of collectors with owners In the appointment
Of has been repeatedly alleged by theoretical
protect ,nss that 1t is practically impossible TO Tx the
market value of goods the duties; while they
that specific duties could always be in the
accurate asceainment of quantities Experience has
shown this notion TO be purely chimericaL The markets
for goods in Europe are in usual years very steady ana
subject TO material hucuation from month 10 month
Hence when invoices from all ports and from great
rey of manufacturers and exporters into the hands
of an appraiser he finds that the variation OF price in Ger
styles OF goods is scarcely percepbe But II among
say) 20 invoices he finds description OF goods valued
10 per cent less than In all the other invoices, perhaps
from the same pares fraud is apparent In such cases
the owners of goods being dissatisfied with the judy
OF the appraiser, have rgns 70 demand announcer up
praisenent In this case, the appraiser mikes out list
of Eve names Of such persons whom he knows to be vel
acquainted with the goods In question This list IS sub
mitted to the collector. II, now, the collector sought
rather political popularity among dishonest merchants
| than the faithful discharge OF his duty he could
send for tho owner of the goods, show him the list
and ask if the suited him. The owner night then
designate clerk friendsa appraisers Or IN short
apprase them himself-an operation which completely
neuaizes the whole object in having appraiser at all
The late circular puts end to all this requires col
ecors to retain least two names submitted by the ap
praiser and conceal from the owner the names OF all
Thus inpartay OF judgment arrived at and the lega
duties faithfully levied 1t has already occurred, under This
order that the dutabe value of goods has been advanced
Is ps by the appraiser and the onsr has dec'ned
coll an appraissnt All regular merchants and business
men rally strongly the support of the vgan and fathin
officer who fair play to all parties and who does
not connive at the designs of II few
| The produce markets have been generally firm, and
ashes coffee, cotton, -four, oils, provisions liquors
sugars and nutmegs, improved. Wool is well held
and scarcely accepted by holders Coarse
dome site wool is of the market and the finer grades
are not in sufficient stock manufacturing demands
until the ma gaton opens. l-blood is sold ~ 81
Cotton has been very voraby affected by the accounts
from Europe and prices fully better The progress
for several weeks been follows for Mobile and New
Orleans:
Prices of cotton in New York
uond mir IN