Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1852-12-17

behold
Do ye still remember US!
Cost Of Living High Prices for Produce.
To the Editor of the Boston Courier:
Nv attention has been called 10 article in your
paper of this morning headed s. Cost OF Living" We
hear daily complaints made about the high prices OF
the necessaries of life AS yet have seen no salts
factory reason assigned The Albany Journal says: |
There is more butter and cheese taken down the
river Just now than before known. Ihe
prevailing question is, how can such large quantities
of those articles arrive in New York and SILL the high
prices be maintained ?"
The New York Express answers:
"The question can be very easily answered. and it
has been answered often in the newspapers of late
The SPECTATORS and middlemen' buy cheap at first
COST and them tc make profits or to pay for
heavy city rents the price 10 the consumer is raised in
proportion"
To my mind this is but slight cause. The answer
is unsatisfactory. think the profits 10 the " middle
men, greater now than they have ever been.
One can easily satisfy himself of this fact by going in
10 the interior, write and enquire the prices OF all
the neces$aries OF life.
He will find that on the average he can buy cheaper
in the larger cities-freigh deducted than be posi-
bly, in the interior; especially is it go at retail
What, then, is the cause of butter. lard, cheese,
pork, beef, -four, &C.. hearing such high prices:
will give my reason and if it shall enable the far
mer TO make mere money and raise corresponding
crops 10 meet the demand or 10 open the eyes of our
people TO the great changes going on with u.s. shall
be grafed
When the large depostes of gold throughout Cali
fornia first made manifest newspapers and mag
aznes filled with specuations about the effect
they would have in the mercantile world. All SORTS
of theories were advanced and commented on. Strong
doubts were held by learned men that any large yield
of gold, such as would effect trade, could continue
Gold has only been found 10 be nexhau$tible in
California, but in the mean me Australia has risen
up competitor, ana bids fair, from all accounts, 10
match California if not surpass her, quantity and
lana itv of fhn mAtn hIS w Snna
tire change has been going on, and will continue 10 so
on in the prices of every species Of merchandise SO
long the circulating medium is gathered in such
bundance and retains its standard value present
The obvious.
Within the short space of four years there has
gradually gone out from amongst US nearly or quite
four hundred thousand working people, and most oil
them producers This large number has become con-
sumers--arge consumers; for will hazard the
ton that one man in California will consume and
waste the average than would supply two or
the Atlantic Admitting this fact-whch | think nc
one will deny who knows the habits of men when sur
rounded by gold-recevng for their daily labor alone
five and six times much they ever before receiy
ed then change this large number of producers nit
consumers and you have fact which is startling a
: first sight. Here you have change from producer
to consumers which is double change. and each o.
these consuming and wasting two TO one, making al
increase of consumers the amount of more than one
! tenth part of the whole population of these Unite
- States
- Again: let look at Australia, and witness wha
she is beg inning to demand from US in the shape
- produce The same fact is going on with her an
:, England. Engand's producers going out iron
her, and she in turn will have 10 supply and be sup
II piled.
1t would be interesting as well as valuable to gath
up statistics of the shipments already made to hes
l. places, and had leisure would do so hut shoul
l. much like 10 them gathered together in form, an
placed side by side III the immense imports of golc
y Then it would be plain 10 why the necessaries
Of life much higher with US than formerly.
OF If these brief and hasty remarks shall induce an
l. to gather full statistics of produce sent forward
al California the past year-bearing in mind that
t. many vessels have gone from Europe fro
W this side Of the Atantic-the account would be full
is interest.
er Our intelligent correspondent speaks well, for
n, understands the subj ect upon which he writes A
prices which belong 20 the of living, or whic
of attached to them, have risen immensely, and Il
We rise in price of these commodities may not be abo,
s what it should be, when the influx of gold s so gre
as that the circulating medium is enlarged beyond form
in precedent. All consumers. however, do not partic
g. pate in the advantages which dealers obtain brous
n the plentIfulness of money. -,
I'M AN INsuRANE QuEsr1oN.-The New Orleans P;
ayune has the following paragraph, which may be i
so eresting to portion of our merchantle readers
ne I'VE received few days since from member oil
commercial house in Mobile note presenting for o
all consideration legal question, and requesting o
on opinion upon it.
He states the question and an example in the fc
lid lowing terms:
gs " Can a marine insurer become legally liable for
Oh greater loss than the amount insured ! Suppose
nr ship clear from New York with goods to New {
lsans. The goods are insured at ST 900. The sh
in gets into extreme danger among the keys and is
s by wreckers and salvage declared 0 per cent. 7
to ship proceeds on her voyage without breaking bu
sit or injury 10 the goods. There abandonment
il the underwriters She is afterwards totally lost. Dc
it, not the party owing the policy of insurance recei
f his 81 900 from the insurer, and the salyor also
-, ceve his II per cent, from the insurer, making
o loss of the latter 81 100? Ii is evident that in all
of salvage ii is possible for goods 10 lose mi
80 than their value should there afterwards occur
mt tai loss. Then, being granted that goods have ga
w. ed loss of over 100 per cent, who sustans the 10
Nv the insurer are insured? %
We reply that there several cases in VIII
SOL the insurer becomes liable for greater than
amount of the policy OF insurance.
;. $" In the supposed by our correspondent we
II clearly Of opinion that the underwater would be liza
bed for the payment of the salvage in addition 10 that
the total loss.
tdli Home aud Woman.
IN Home is mans ark, when trouble springs
ton When gathering tempests shade his morrow;
And arss Inveth he n I'd thakh