The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-10-30

the merchants Of The Atlantic States have % glutted
our market with merchandise u every kind. that .
years consum ption viii hardly afford as seasib 9
relief; and until we use up the overplus the wilt
scarcely be necessity for any more ships and car
goes, Of any bind whatever.
In the department of agriculture, too. everything
has been overdone. Flour IL cheapter than it js In
New York; potatoes are so cents busael, and with
ont foreign demand to relieve M Of tine excess,
the farmers must remain without hope Of profit till
another season. Both farmers and merchants,
therefore from the failure of their calculations
been obligei 10 have recourse to their real estate
instead Of to their profits to raise money and BY
and bye, when their mortgages run out. aud they
no longer meet the onerous three aud foar
and five per cent . month, which Is the price in
this quarter Of temporary relief. they mus. let
their property 60 to the hammer. leave YOU to re-
feet what will be the result OF the forcing large
quantities oreal estate into the Market the titles to
most OF which are not entirely satisfactory 10 state
Of general depression, think that su h climax
win produce what you would call crash.
The picture ID not plsasant, and l know no better
way OF impartiug it's true color TO your miad than
BY saying that the calamity Of q general con-
migration, such 80 struck thscity some two three
years ago, would operate in favor of the local popu
laticn, more as bic ssiDg than The ovsrplus
OF merchandise which now trade would than
be consumed; the loss would fail upon the Eastern
culpPtls, WuOee lInprCuence makes them deserving
of IL, and ships and merchants would 5000 have
new supplies to furnish. But while trade aud On.
merce are thus at stand still, the mider is the only
man who Ia pr0sperous-he digs out az much gold
as ever, often mere, and he gets his mercantile
and food for compaftively notning.
The subject Of greatest public interest since thu
last steamer, has been the question of the annexsr
zion Of the Sand wich Islands. The utn0s. interest
is felt in it; and, AMI mated by the recent rumor,
from headquarters at Washington, some two OF
thrte huu dred Of our floating popuisti9n have al
ready gone down to locate themselves unisr the
new shadow Of the stars and stripes. Is ia nv
opinion, however. that their hopes are premature. A
ba' gain OF that sort is not so easily ide and the
question as TO what political social position sh ali
be allowed the natives 70 are to the mia)r
boIp," will prove to be filed with d III
cu'ties that win require all the skill tae
respective diplomatsts possess Siace tn retuca of
CO... George Wilkes, who went to that quarter a f. Z
weeks sgo in the way OF political investig Att W the
Ielisnce on speedy annexation has considerably
declined.
In the way Of thestricals I have not much 70
chr oniee. You will be pleased to learn, hovsver,
that Barney Williams sod his es imabe wife have
made splendid hit, and have just fni shed shsir
first week OF an engagement which exceeds any
thing tba. has taken place in the State. Neafe il
perfoi ming with success in Sacramento. The
Stockton and Marysv,lle theatres are closed.