The republic. [volume] (Washington [D.C.]) 1849-1853, 1850-05-08

their crops--a circumstance little likely to
occur, now that all the ATTITUDES OF Europe
are engaged in growing grain for England.
The nearer the apple approached the
earth the greater was seen to be the force
of gravity; and what is true of the physi-
cal is equally true of the moral and finan-
cial world. The force ofgravity is increas-
ing rapidly. The 'ttransfers of capitaP' to
this country in the closing weeks Of April
were thrice as great as in the first weeks
of January, and with each such transfer
we receive advice of the gradual extern
sion of the paralysis under which the
country is now suffering: On one day we
hear of the closing of tton-mill, and
the cessation of the payment of wages to
one set of the customers OF the farmer and
the planter. On the next, another set is
deprived of employment by the stoppage
of furnace, and on the third coal mine
is abandoned, and the miners are turned
out to 60 and seek to raise for themselves
the food for which they have heretofore
been customers to the neighboring farmer.
Month by month, immigration decreases
Since our former notice of that subject we
have received from New York the returns
for April, showing diminution nearly cor
responding with that observed in Feb
ruary and March, the arrivals having been
only 1888 against 81 1926 last year.
The farmers home market is being ra-
pidly reduced, and vast supplies Of the
potatoes from Ireland and wheat and flour
from the continent are closing up the great
foreign one, with the prospect Of which
he was deluded. The Cambria brought
him advices of sales of wheat in the Eng
lish markets at from BIS. to 34s. per quar-
ter; and the Canada, advices of further
reduction of Is. per quarter. Thirty shil-
lings give seuenty-eight cents for bushel
of sixty pounds. He was told that 'with
reciprocal free trade" our products
"must" be taken, ssby the universal rule
that the purchaser will buy the cheapest
articles without inquiring whether they
were made at home or abroad" Tocom-
pei the people of England to take our
corn, we must make it cheaper than are
potatoes at ''penny stone" of fourteen
pounds, and our wheat cheaper than that
of Russia at eighty cents a bushel. Our
"provisions, too, must be made cheaper,
that the export may ego on augmenting"
The very latest accounts from England
inform us that tsthe English demand is
not nearly equal to that of last year," and
that preparations are now being made for
that "English demand" from
various parts of the continent; the result
OF which must be, that we must either
eat what we make, or sell it abroad at
lower prices. Cheese, too, must be made
cheaper. cit is quite clear" say the adj
vices by the Canada, ethat American will
be beaten out of our markets, unless ex-
porters be content with a considerable
reduction of value" Our exports may
"go on augmenting" in quantity, but
with each such augmentation there must,
be diminution in the actual
amount received in payment therefor,
as is the case NTH cotton, and our farmers
are like to be obliged to initiate the plan
tiers in praying for short crops, whether
of corn or grass, pork or cheese. Led
to believe that they were to sell in the
dearest market and buy in the cheapest
one, they are now like to find that they
have in future to sell in the cheapest and
buy in the dearest one. We shall con-
tinue this subject in our next.