Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1851-04-10
- : =,
VA RI ETY..


- DOIu001OoY 81 AD6y 09OOons
Tho importations of dry goods at the
port Of New York-are increasing in re-
markable degree. as compared with the i'm
portations Of the corresponding period of
last year. The importations for the month
Of January, 1851, showed an increase of
S2,OSS,992 over those Of January 1850;
the statistics OF imported dry goods for
February exhibited similar increase Of
S1,296, 1926; the month OF March, just pass
cd, as compared with the corresponding
month of last year shows an increase of
Sl,546,S74
Here is an aggregate increase for the list
quarter of the present year over the first
quarter Of last year, in the importaiions OF
dry goods at the port of New York. of ST.
932, 1911.
The greatest increase has been IN silks
For the first quarter Of 1850 the silks i'm
ported at n York amounted in value to
S5,449. 430--a large increase itself over
the importaiions of the first quarter Of 1si9.
Bat the first quarter Of 1851 shows an ag-
gregate Of imported silks to the value Of
SS,463,0l5-an increase over the irnporta-
tons of the first quarter Of 1850 Of 3.0l3,-
SIS.
We may well call this IN extraordinary
exhibit. How does it happen that we are
importing SO largely of fabrics which min
lister to luxuryl Have we such a surplus
Of domestic products that after having sup
piled ourselves with all necessary and use
full articles, a large superfux remains which
we can afford TO exchange for things which
please the taste and crafty the fancyl Are
we able to rise from basis Of competency,
with all debts paid, and to indulge in ele-
giant and costly Injuries such as may be
commanded only by superintendent meansi
If we are paying for these fine and beauii-
full fabrics as we receive them, and if we
are paying for them by fair exchange of
our own products--thcn it is all very well
Industry meets industry-cach upon its
own basis ofindependencc, and both profit
by the intercourse.
But if we are receiving the fine fabrics
of France while we do not return an equiv
alent in the products of our own industry.
there will be balance to be made mp on
this side of the water; and it appears that
such balance has grown up against us,
and that we are paying it off in specie
after having exported stocks and bonds to
the full satisfaction Of the foreign market
where they or, held ready to be thrown
back upon us for redemption at the first
panic. The amouat ofspecie shipped t1om
Men York during The last ueek uas ST.
020,155.
The Journal ofCommercc, which gives
the foregoing statement Of importations of
dry goods at Now York, thinks that cir
cunstances which will affect the Fall trade
are favorable for further heavy receipts
The Great Exhibition will draw thousands
to Europe, including many from the int
Iior, who will each make small purchases
to import on his own account. If the reg
Mar importers should also bring out their
usual quantity, the increase which has
marked the dry good importations Of the
first quarter Of the present year over those
of the corresponding period of 1850, will
be likely to distinguish also the last quar-
ter in a similarmanner Men of business,
of course, will know how to regulate their
dealings under these circunstances-thosc
who are prudent, and especially those who
have had experience offormer commercial
rcvulsions brought on by excessive inlpor-
tations. The rcactivc effect, however,
which the present course of trade must
have upon the currency Of the country, if
persisted in, Is one of those consequences
which, If it should come, would spread the
disas,cr of n revulsion far beyond tie
sphere of those whom mere commercial
Il L