New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-06-14

intercourse which has since proceeded 80 rapidly under
the Golden attractions of California and Australia AZ
the same time the silver coin Of The Empire, its life
blooS began to be drained away 70 the British East
Indies.
Upto 1880. the balance of trade being continually
in favor Of the Chinese there existed an uninterrupted
Importation of silver from India. Britain aud tue
United States into China Since 1888, and especially
since lsO the export Of silver from China to India has
become almost exhausting for the Celestial Empire
Hence the strong DEGREES of the Emperor against the
opium trade responded 70 by still stronger resistance
10 his measures. Besides this immediate economical
consequence, the bribery connected with opium
smuggling has entirely demorazed the Chinese State
officers in the Southern provinces. Just as the Empe-
TOR was wont be considered the father Of all Chns,
go his officers looked upon sustaining the paEer
ral relation 60 their respective districts But this pa
triarcbal authority the only moral link embracing the
vast machinery of the State, has gradually been cor
rOded by the corruption of those officers who have
made great gains by cOnniyng at opium smuggling
This has occurred principally in the same Southern
provinces where the rebellion commenced Il is almost
needless to observe that in the same measure in which
opium has obtained the sovereignty over the Chinese,
the Emperor and bis staff of pedantc mandarins have
become dispossessed their own sovereignty ItwOud
seem as though history had first TO make this whole
people drank before il could rouse them out Of their
hereditary stupidity.
Though scarcely existing in former times the import
of English cottons and 10 small extent of English
voolens has rapidly risen since 1888, the epoch when
the monopoly of trade with China transferred from
the East India Company to private commerce, aud ona
much greater scale since lSi0 the epoch when other na
tons. and especially our own, also obtained share in
the Chinese trade This introduction offoregn manufac
lures has had similar effect the native industry to
that which it formerly had Asia Minor, Persia and
India In China the spnners and weayers have suffered
greatly under this foreign competition and the com
uupty has become unsettled in proportion
The tribute to be paid to England after the unfOrtu
nate war lS40 the great unproductye consumptionof
OPIUM the drain of the precious metals by this trade,
the destructive influence of foreign competition on ma
tive manufactures the demorazed condition of the pub
lie administration producedtwo things the old taxation
became more burdensome and harassng, and new tax
atop was added to the old Thus in decree of the EN-
peror dated Pekn Jan s. 1853, find orders given to
the yceoys and governors of the southern provinces of
Woo Chang and Hun Yang to remit and defer the pay
ept of taxes and especially not any case to exact
decree show will the poor people be able to bear til"
d" And thus, perhaps" continues the Emperor will my
people in period of general hardship and Distress
he exempted from the evils OF being pursued AMI wor-
RED by the xgatherer" Such language as this and
such concessions we remember to have heard from Aus
tris. tie China of Germany, in lc45.
All these dissoving agencies acting together the f.
nsnces the morals the industry, and political structure
If China received their full development under the En-
Iisb cannon in lSi0 which broke down the authority of
ba Fmperor and forced the Celestial Empire into con-
tact with the terrestrial world Complete isolation was
tbe prime condition of the preservation Of Old China
That isolation having come to violent end by the me-
dp nj England dissolution must follow as surely as
that Of any mummy carefully preserved in hermetca.
L esIed coffin whenever it is brought into contact with
the omen air. Now, England having brought about the
revonton of China the question is how that revolution
will in tine react on England and through England on
Eu,ope This question is not difficult of solution
The attention of our readers has often been called to
tie unparaeled growth of British manufactures since
1880 Amid the most surprising prosperity it has not
bsen difficult to point out the clear symptoms of an ap
roscbuo industrial crisis. Notwithstanding California
and Australia Notwithstanding the immense anl unprece
denied emigration there must rgthout any particular
accident due time arrive amoment when the extension
of the markets il unable to keep pace with the extern
sion of British Manufactures, and this disproporton
mist bring about crisis with the same certainty
as il has done in the past But if one of the great
markets suddenly becomes contracted the arrival of
the crisis is necessarily accelerated thereby Now the
Chinese rebellion must, for the time being, have pre-
cisey this effect upon England IhenecesSy for open
ing new narkes,or for extending the old ones was one
of the principle causes of the reduction Of the British
teaduties as with an increased importation of tea an
increased expectation Of manufactures to China was ex
peced to take place. Now, the value of the annual ex
ports from the United Kingdom to China amounted be-
fore the repeal in 1884 of the trading monopoly DOS
scssed by the East India Company, TO only 96OOOOO
in 1896 it reached the Of 32o 3S5; in 1915 it
had risen 10 80 394 S27 in 1852 amounted to about
G3CG0OO0. The quantity of tea imported from China
did not exceed in 1913, l6,l67 33l lbs; but in I5l5 it
amounted to 507l4657 ibs in 1896 to 81 l56l Bs
it is now above G0,G0O000 lbs.
The tea crop Of the last season will prove short
as shown already by the export lists from Shanghai of
100000 ts above the preceding year This excess is
to be accounted for two circumstances On one hand
the state of The market the close Of 1851 was much
depressed aud The large surplus stock left has been
thrown into the export OF 1852. Ga the other hand
the recent accounts Of the altered British legislation
With regard 10 imports of tea, reaching China, have
brought forward all the available teas 70 d ready mar
ket at greatly enhanced prices But with respect to
the coming crop the case stands very differently This
is shoan by The following extracts from the correspond
eDce Of large tea-hrm IN London:
IN Shanghai tire is extreme Gold has advanced
nj 81 a f.nF aff ~ IN If T..