New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-02-03

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The quantity Of pork that came 70 "''
H.. L., year was one third less than II mad
A..o too wears before, and yet the crop OF
.he present year is stated g De cne-ih'rd
hess than even that of the last season.
Tn every ease in which the farmers now
obtain good prices, they are the result Oh
short crops, and that such Is the case Is
proved by the fact, that in all cases IN which
crops have been good, prices are uncommon
~ low. a state Of things that is destructive
10 the producers, and to all dependent upon
&hem. The London Times, however, re-
ioices in the fact, that all kinds OF produce
are low in price. 1t says, that since the be-
ginning of this last year there is scarcely an
article Of large consumption which has not
been involved in decline Of from twenty to
thirty per cent. "Sach decline, ho~eeer''
il assures its readers as quite consistent
,euM prosperity, and in fact, under
natural course Of events, ,cOald be synP-
tom Of it,"
Such, no doubt, it is, with the middle
men of England. The larger the quantity
Of produce poured into the British market
The larger the freights, storages, commIs-
sions and charges Of all kinds, and the lower
the prices-the greater the harvest OF
British traders. Low prices and the ruin
of her customers are the symptoms Of Brit
ish prosperity, and therefore it is that every
country that has free trade with England IS
depressed, even when not absolutely ruined.
Low prices are, however, scarcely consist
ent with large consumption of manufactured
goods, and the prosperity of the merchants,
The ship.owners, and the owners OF real
estate in this City, is dependent upon the
power of our people TO purchase the com
modities they have to sell; and that power
is in q course of steady diminution, as Is
seen by an examination of the course of OPP
erations in reference to each and every
branch of our interior trade. The whole
quantity of iron, foreign and domestic, that
passes from the producers to the consumers
through the hands of the merchants, Is
smaller new than it was four years since,
by no less than twenty per cent. We con-
verted into cloth last year less cotton than
we did three years since, by 10000 bales,
capable OF producing hcO Hundred and .ftty
millions Of yords Of cloth and yet the i'm
port diminished, as is shown in the follow
ing extract from Du Fay d Co.'S Circular,
just received, giving the exports Of cotton
goods to this country in millions of yards
1851. 1850. is49 lsas lsi7. 1916. 1915 1874.
"a ~ IS O. % 81 ~ 81
We have here an enormous diminution of
supply from abroad, aud yet so greatly d.
minished has been the internal demand, that
We have been forced to seek in foreign
countries for a market for almost forty nl-
lions of yards more than IN any previous
year, thus proving that our consumption OF
cotton goods, domestic and foreign, has
fallen of to a greater extent than has the
consumption of cotton in our mills, and
even that has fallen twenty-five per cent.
The condition of our people is thus,
obviously, in a steady course of deteri0-
ration, under the influence of British free
trade, and as the prosperity OF this
City is dependent upon that Of its custom
ers, il must follow that we are destined to
witness here a state of things that viii be
most injurious even to very many Of those
who have most largely aided in bringing il
about.
The people of the South are unwilling t.
send their cotton TO market, and the ecnse-
quences Of this are seen in the ruin that is
now oyertaking some Of the strongest
houses in New Orleans The people o.
he West are unwilling to send their pro-
duce to market, and the consequences are
seen In the fact that large stocks Of goods
in the interior remain unsold, and that our
jobbers find their customers unable to pay
up Should this state of things continue
what must ot lht Et>Ult tau IL oS OtncT-
wise than ruin to our merchants. as it has
already been to so many of those of New
Orleans We beg our readers to reflect
seriously upon this question, and then TO de-
tesmine whatm be she effect upon them.
selves Of such state ofthinSs for whether
hey are lenders Of money, or owners OF
chips OF houses, the interests of all are
solidaire with each other.
What is the remedy We answer, make
a market fer food and cotton Let our pec-
pie reopen their now deserted mills, mines
and furnaces, and let them find inducement
to the building Of new mills and new fur
naces, and the oneninp of new mines.