The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1851-07-15

me Course % Trade.
We - il noticed in several New York papers,
Asta canal boat laden with cotton has passed |
Rough the Erie canal. its cargo destined for New
Eesk city. This il not new event. For years
-, cotton has gone up the Ohio river from Ten
lessee and through the Pennsylvania and New
Fork canals 10 all the factories in the interior Of
hose States, and often to the cities Of Phiadelpha
md New York. We recollect last September Of
inc shipment Of upwards Of seven hundred bales
shipped from Louisville via the Ohio and New
York canals to New York city. The frsights
were less than by the way Of New Orleans, Wd
he difference in exchange and insurance was near
two per cent. in favor Of the northern route. The
amount Of cotton that passed up the Ohio last year
estimated ~ one familiar with the trade at sixty
thousand bales. This season, nearly all the boats
from the Tennessee and Cumberland rivers, bound
up the Ohio river, are freighted more or less with
cotton. The packets between Memphis and Lou
isville and Cincinnat, Of which there are several
lines, take cotton up the river nearly every trip.
The eastern manufacturers buy their cottons in New
York and Boston markets on four and six months
credit Ii said, il the same facilities Of credit
could be extended to them by the planters or the
factors in the western towns, all Of the manufactu-
rsrs in the interior portions Of the Middle States
would purchase their cottons in the regions of its
growth, for it costs them no more to get the raw
material from Buffalo to Pittsburgh, than it does
10 bring it from New York and Philadelphia to
their mills while the transportation from Tennes-
see to those inland cities is much less than it is by
the way Of New Orleans to the Atlantic markets.
The quantity Of tobacco that takes its course up
the river from the lower Ohio, for the eastern mar
kets, by the northern routes, is rapidly increasing.
That raised in Ohio and in Kentucky above Cincin-
maitland among the latter, the celebrated Mason
county tobacco nearly all goes now by the way Of
the canals to the eastern markets. By state
ment recently published, the difference in the cost
Of transportation from louisville to New York is
from four to 1--WE dollars per nogshead in favor Of
the northern route, while the article escapes the
sweat which il undergoes on shipboard while pass
ing through ourslattudes.
Grain is now carried from the Wabash to New
York by the canals at the cost of freight as is
charged BY the way Of New Orleans; but by the
northern route they incur no waste, nor risk Of
damage by heating, and save the whole cost Of
sacking, for it u carried in the bulk, and the same
number Of measured bushels are delivered in New
York as are received on board the canal boat from
the shipper. The lard, pork and -four from the
same region are taking the same direction. Las
autumn the rich regions of Ohio, Indiana, and Iii
nois were flooded with the local bank notes Of tn,
Eastern States, advanced by New York houses, OIL
produce to be shipped to them, by the way of the
canals in the spring. These moneyed facilite,
enable the packer, miller and Spectator, to hold
their produce till the opening Of navigation il
| the spring, and they are no longer obliged, a
formerly, to hurry off their shipments during tn,
winter by the way Of New Orleans in order Il
realize funds by drafts on their shipments Thu
banking facilities at the East are doing much t,
draw trade from US as the canals and railways which
Eastern capital is constructing.
All the lead from the upper Mississippi nov
goes East by the way Of Milwaukee. Butthe mos
recent and astonishing change in the course of ths
tho northwestern trade is to behold as friend tell
us, the number Of steamers that now descend the
upper Mississippi, loaded to the guards with pro
duce as far as the mouth Of Illinois river, and Their
turn up that stream with their cargoes, to be
shipped to New York via Chicago. The Ilnoi,
canal has not only swept the whole produce along
the line Of the illinois river to the east but is draw
ing the products from the upper Mississippi through
the same channel thus depriving not only New
Orleans, but st. Louis Of rich portion Of thei
former trade. What will be the effect when tn,
various railways across Illinois, from the Lakes t,
| the Mississippi, are completed? Do not thes,
facts admonish New Orleans to look to source
nearer home for her future trade?
Nicaragua and the United Statss-The New
York Tribune learns that Mr.. Marcoleta, the Mica
raguan Minister, and Mr.. Webster, have conclude,
and signed treaty Of peace and friendship be
tween Nicaragua and the United States. 1t als
states that the five Central American States hav
entered into convention, to which both the Unite
States and Great Britain are also parties, by whic
San Juan de Nicaragua is declared a free port an
its neutrality guaranteed.
Timber on the Public Lands Decision
Judge McLean-At Detroit, on the 22d, judy
Mclean rendered decision on the legality Of tn
recent seizure Of vessels in the State Of Michigan
for alleged violations Of law, in carrying lumbs
and timber from the public lands That porto
Of the decision which bears directly upon the rigl
Of seizure Of vessels in the numerous cases befol
the Court is as follows: The question has arise
whether the forfeiture by transporting, etc., an
purposess or if taken from other lands of the I'm
ted States which is not "live oak or red cedar
not 50 reserved etc. forfeiture is incurred if Il
vessel takes on board any timber cut on the Ian,
reserved; but to incur forfeiture under the Sc
ond provision, for taking timber from lands not r
served for naval purposes, it must be live oak
red CEDAR"
Connecticut Legislature of Connectic
adjourned on Wednesday, the I'd instant, sine di
having elected no United States Senator in Il
place of Mr.. Baldwin. A series Of resolutions al
proving of the Compromise measures, including II
Fugitive Slave Law, passed the House by a vo
Of lis to IS, but in the Senate they were indei
nitey postponed. Ten new banks were chartere
during the session, and the capital stock Of thrs
Of the Oldest banks was enlarged.
The Washisgton Union-Mr. We6,ter.-D,
ring the absence Of Major Donelson, on visit
. Tennessee, the Washington Union is in the hant
of General Armstrong. The Generals patriotis
has been refreshed by the listening to the gre
grafton Of Mr.. Webster on the laying Of the corn.
stone Of the extension Of the capitol on the 4th
July. In the Union Of the 9Th he offers this han,
!, some tribute to the Grafton, and to Mr.. Webster
! present powers Of oratory:
I've heard him in the celebrated debate vii
General Hayne, when the subjects Of nullifcati,
and secession were discussed and it seemed to ,
that, although many years have passed since tn
y--.as 4 Al 4 r