The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-04-11
.tes to Great Brlai,

The English prob btions provisions removed in
1872 and the duties since modified materially and at the
the United States have been overcoming by the
Of means OF transportation, the natural obsta
Giles International intercourse. Tho progressive amelio
ration those obstacles, legal and physcatte former by
rpxalng antiquated laws and the latter by building pub
lie works by of private enerprise-aods this large
market the products oil industry and gives value to all
the urms of the interior Ii is only however, when pr
vate applied in tho most economical way thai,
this desired END is attained II the government under,a
large expenditures for that purpose, procure the
money from source and to do so BY imposing duties
on foreign is defeat the object for which the
work. are desired. To build railroad great expense.
and then place the depot 10 ngress and
eeress of traffic, be in the last degree absurd
The high degree of prosperity which tho country
enjoys with the continued abundance Of capital and the
activity OF internal trade the result of the operation OF
the public works. stimulated by tbs foreign demand Tor
produce for which there is growing market The money
invested in public works together with the cos, of the
Mexican war and California, falls. In the aggregate, little
short $3.50 000 expended in the last decade and yet
we find capital far plenty, and the rate OF Interest
lower in 1850 in 1870 The capital expended in pub.
lie works Produced itself in The value which ii has
FARMS and the products Of industry IL has made
available The money expended in the acquisition oil Cali
forna has back directly and paraby into the lap OF
the nation and the accommodation prodigious, but
running pdiy into speculation Credit Is becoming sub
,tued for and promises taking the place OF
equivalents In 1896 81 the whole nation quit work. and
upon the strength Of mutual credits, went TO consuming
similar process is commencing but there 10 vastly
more to consume and former experience still hangs like
upon the progress Of speculation Nevertheless
there have upon the stage mutitndes oil young
who know nothing Of the events prior to 1870 but as
traditions for which they have little respect Old firms
Who we'd through those disasters receiving
from this young and adventurous class whose expo
Renee falls short of their ambition, and whose energy pre-
dominates over the precauton oil their seniors linus
tho movement in advance receives new impulse, and
mul,itudcs of new banks in all the States supplying
for general naato The dny OF the govern
mcnt in this Is simply TO follow the noncsuictyc
minis to coin promptly all the gold that
NAV be presented In order that IL may be dused much
as possible in general circulation and at the same time
general reduction OF the import duties because the
restricted the directly and promptly will act
UPON the currency IL the banks initiate the circulation
as TO affect prices, increased imports and diminished e1
ports result In of coin and healthy depletion Of
the currency which restores the natural level without i'm
parting shock High duties the other hand. tend to
sustain infation-like dammng up torrent until the
elements burst over the community in general
devastation. sr.s.o.... t.9f#r rs LIZ.
The markets generally not very nctive for the mo,
mcnt but are much usual just before the opening
OF the canals The importatons have been large; and
which consigned foreign account being
selected suit the markets, selling at loss while
dered invoices sell fairly. The produce markets gem
orally firm Cotton sells well advance altogether OF
cent the arrival Of the Baltic Wool is in good de-
msnd and firm. notwithstanding continued threats OF
"s,oppinR work" The clip will undoubtedly be large,
and command full rates Flour has been beuer-ssies
straight Stale 81 80 a 81 IS; mixed western, 81 90
"a rs southern straight. Alexandria, 81 10 81 81 Rye
-four, So 81 a 81 ~. Com meal, S3. Wheat VI ONO
Corn declined under large rcceipn-sales o. of cen.
for Auanst delivery 6 cents Pork has advanced under
,pccnstiye inauiry.scs new Sl4 30 Sh 7oj sil 10
new prime Beef 20 rs a 81 10 for meas Lard. 81 a
81 cent. Hemp active at sll2 Sl2o undrss'cd Amer
ic,p RIGS 81 81 80 New cloversced 3 cts. Whiskey,
22l . Il cents. Tobacco, Kentucky, . a IL cents.
F,eixhs offer frcely--cotton TO Liverpool, Id.
The s,ock market has been pretty active money Is had
freely although at little better price. and there Is much
|....,,,.,iyo failing The quotations today aret