The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-04-03
Prom the Buenoe Ayres Packet, Jan IL


Monthly Retrospect OF the business ANA
Politics OF Buenos Ayres.
From the Buenos Ayres Packet, Jan. III
We feel authorized to announce a slight improve
ment in the general tone and prospects Of our mar
ket. The panic consequent on the late crisis has
greatly subsidized, and capitalists less ehary in
afording the accommodation necessary in COM
mercial community. In articles suited to the in
terror markets, there has atterly been considera
BILE demand although still at low figures, from the
heavy stocks on hand, and the eager competition of
sellers
The importations during the month of December,
are formidable in appearance, though, perhaps,
from the nature of the assorments, not so much so
in intrinsic value. At the same time, the consump-
ton Of this capital and province, especially in ar
tcles Of primary necessity, is greatly increased,
from the rapid increase Of population, from immi-
grafton and natural causes. Besides, a distri-
button has gradually taken place, that tends to
alleviate the more immediate pressure. The spirit
of over speculation and monopoly among the local
traders has received o severe and salutary check,
and greater amount Of the existing stock remains
in the hands Of the importers, with q proportional
reduction of local liabilities This fact is more i'm
portant than may at first sight appear and affords
beautiful illustration OF the ris macdrir nature,
or the self recifying process Of nature. The reck
less competition of spectators and monopolsts,
tended to mislead importers, and the supplies
ordered were regulated more by the apparent de-
mand, than the actual consumption. As matters
stand at present, we have safe guarantee against
the recurrence Of this error principal of the
late arrangement and Of the present languor and
lassitude OF this market.
The active demand for country produce, and the
high prices obtained, especially for wool, has lat
terly put large amount of capital in circulation;
to which we may add the opportune and considerable
hberality of the government, in paying on the war
subsidies, and spirtedly carrying on variety OF
important local improvements that tend directly to
alleviate the immediate pressure, whilst they confer
a lasting benefit on the country. Society naturally
subdvides itself into distinct grades and classes;
but their interests more intimately blended and
mutually dependent, than many are apt to imagine
When the Industrial and productive classes
fully employed and prosperous, genuine trade and
easiest and only efectual way Of protecting and
promoting the latter, is to afford free scope and
enlargement to the former.
In the Co,naco del Plata of Montevideo, we have
latterly observed a captious and unfounded theory
on this point; showing absolute ignorance, or,
what wauld be worse, gross and wilful peryersion
OF the elementary principles Of economical science
In series of articles on the Paper Money of Bucnos
Ayres, intended merely to denigrate the admins
tration Of General Rosas, the editor attempted to
show the practicablity, and consequent obligation,
Of remcdying or alternating the late crisis, by
system of loans to individuals from the Public Trea-
sure In the first place, no government / entitled
to do with public funds, what prud individual
would decline doing with his private fortune; and,
secondly, the expedient, if acted upon, would, to
certain extent have sanctioned and encouraged the
error, and ultimately aggravated instead of allevi-
ating the evil Between ounce specuatons and at
tempted monopolies of imported goods, the COM
merce OF butnos Ayres nau In instances, lost
its legitimate character; and any attempt on the
part of the government to save individuals from
the consequences of their reckless conduct,
would have been positive injury and injustice to
to the public, without accomplishing the end pro-
posed.
With his intuitive sagacity and correct apprecia-
ton Of abstract principles, General Rosas pursued
= very different course. Instead of attempting to
save individuals, he acted on the broad and equta
bic principle of alternating far possible, the
general body During the first shock of the grand
crisis, he ordered the immediate payment OF up
wards of two millions of return duties; and the
tire disbursements on this account throughout the
year, amount to no less than APPS ,sS3 81 reals
Heavy payments were at the same time made to in
di'iduais on account OF long standing arrear Of
war subsidies. Awaiting himself of the favorable
state OF the market, and coneiliating, a in duty
bound, the public service with social convenience,
an abundant supply Of clothing and other neces-
saries, was laid in for the army and navy, and the
warehouses of the State amply furnished for the
ensuing year Add to these the active employment
already alluded to, in important local improve
ments, and il will be seen that General Rosas did
all that could be done with prspriety in the circum
stances alleviatng the pressure OF public misfor-
tune, BY the discharge of public obligations, and
with the tact Of enlightened and provdent states
man, rendering his present outlays subseryient 20
the future security and prosperity Of the republic.
That parties in Nlontcyidco accustomed TO foresta!l
the future, and live from day to day the preca-
rious bounty Of foreign subsidy, should not com
prehend the operation of such system. is little to
be wondered at; but common prudence might at
least teach them 10 avoid the of silly sneers anil
sarcasms that recoil with overwhelming force on
the heads Of their spiteful authors.
A considerable amount Of export business was
done in December; although. with the exception of
wool, country produce comes in very slowly. The
weather in and around the city of Buenos Ayres has
been extremely favorable; but the rains till lately
have only been partial, and in many Of the remote
country districts the cattle continue lean and unfit
for Saladero purposes. As yet little more than a
commencement has been made in this department;
I'D Sail.
4rso D. fore the middle or end OF February. The
entire export Of OK ard COW hides in 1880 was2 i2i
25l; showing decrease Of o31 ,Osl, as compared
with lsi9 ln the article Of tallow the deheit Is
much greater, and for obvious reasons. some peo-
ME arrrehend scanty supply for the present year,
from an actual diminution IN the number OF cattle,
in consequence Of the late drought Wecannot adj
nit this gloomy opinion IN its fuii extent Ilad tne
deaths been so very considerable, II must have told
on the quantity a hides exported last year. be-
sides our rains have been moderate, and not attend.
ed with the colds that usually prove - natal
to cattle in very low condition The mere fact that
some establishments are entirely abandoned, does
not necc ssariy imply that ali the cattle nave per-
ished. The fact i notorious, that they wander to
great distances in quest Of grass and water, ana
never think Of returning, tall, ny mysterious IN
stnct they are certain Of finding supply Of these
necessary articles. Many months must be al
lowed for collecting the wanderers; and many may
be lost their real owners that are not ultimately
lost 90 the export market. In short, we trust the
imagined decrease Il numbers, and the anticipated
de6cency Of future supplies, will be found unwar-
rsnted.
Prices for all kinds Of produce comparatively
high and may be expected 20 continues0, from the
deficient supply and the immense concourse Of
Shipping TO this port. Freights maintain them
selves, but cannot be expected to improve in the
present Cirt instances.
As regards our political situation there !. nothing
very important 10 report. With the single exccp-
ton Of Brazil everything, internally and externally,
wears n racifc aspect Warlike preparations are
said 10 be making in tho empire on o grand scale:
partly. perhaps. yGunting threat against those
countries, and partly. II may be- in view Of the die
The empire tottefs under It's weight; and We
oannot persuade ourselves that II will court pro-
woke foreign war. With the exception Of Ion,
and loud complaints against the pcrhdious and ag-
gress.yc conduct and policy Of the Imperial Csbi.
net, we can perceive no warlike indication in this
quarter.