The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1854-08-18

OK ea6 ounces bv the Prince Alfred, whose arm,
voi in the Downs from Melbourne was announced
o.day, This refers TO but single week. no
demand for gold," it is further remarked "ior 'I-
m,,ances to the continent continues, ana ahhous"
II Is now likely TO be fully met by the Australian
rivals some amounts are, meanwhile, taken
from the Rank of England" OF course, this was
to he expected, and the bank was fully prepared
for il, But the last weeks return from the BANK
showed that the stock of bullion amounted 10
nearly fourteen millions sterling; and mat me
remitiances alluded to, had not decreased the
stock as much as two hundred thousand pounds
when compared with the return of the previous
week.
Much OF this newly awakened animation and
hope on the other side of the Atlantic was atribu-
table 10 the harvest prospects. There was, no
doubt, combination Of favorable influences at
work; but the expectation Of good crops had proba-
by most to do with it. The latest commercial
reports give the foremost place to it. "The con-
tinuaton OF favorable weather." says one "pre.
venting any undue speculation in corn, the receipt
of favorable news from The East, and, continued
arrivals of gold from Australia, have caused a
more buoyant tone TO prevail in commercial circles
during the week." Now let not any regret be lelt,
although the prospect of good hasvest in Britain
should bring down, as it must, and is DOING our
OWL markets. The better the harvest in Britain
the greater the value OF her cereal products /;
the more wealth she will have to expend in her
general commerce with US, as with all the world.
And the good effects are already beginning to be
seen, even in anticipation. "The cotton market
says the last Liverpool report, "has been firm and
steady throughout the week. The downward
tendency of corn consequent upon the very fine
weather, together with more favorable accounts
from the East, have caused holders to be less
willing sellers, and buyers of the most current
qualities of American have had in some instances
TO pay shade higher prices :" so that what we
may lose in the prices Of breadstuffs, We shall
more than gain in those of cotton,-and this again
will, in due time, act favorably upon everything
else.
The general trade of the country, with orr
transatlantic neighbors, appears now indeed to be
much more satisfactory than former accounts have
represented it. Business" we learn, sin
the manufacturing districts, continues to progress
satisfactorily and all the accounts exhibit healthy
tone pervading the general course Of trade" And
the last trade reports state in detail, that both in
the cotton and wooen districts there was arising
brisk demand for all descriptions Of goods, both
for home consumption and Cor export, with prices
slightly advancing. In another department, and
that, too, staple trade, the Improvement was
much more signal. 1.-The advices from Brimlng.
ham," we read, "report the continuance Of pres
sure OF orders, with an increase in the demand for
iron plates suitable for shipbuiiding and ras."--
And there are indications Of general commercial
progress, which cannot possibly be mistaken.
England is Americas best customer. The state
OF England must ever exert powerful influence
here. Whether it be through her money market,
through her commerce, through manufactures,
every change there operates directly and potently
upon our own varied and vastly extending inter.
ests. We can never be indifferent to the veal or
woe of England. And it must be great relief to
many OF those interests, beginning TO be depressed
as they were undsr the apprehension of the I'm.
happy war by which Europe Is now distracted and
scourged, to find that England can bear up SO
vigorously under it, and that she will be able to
keep up her commercial intercourse with u.s. as
heretofore, to the advantage OF all concerned
Let 1t be borne in mind, too, that all the heavy,
burden of this war is being sustained by England
without adding one fraction of lmpost upon any OF
her imports Her greatly reduced tariff remains
precisely as it was. Neither the United States
nor any other country, will in this respect be al.
fected by the war, SO far as England Is concerned,
In the slightest degree. True she has had to in
crease her taxation materially; but she has placed
the additional burden entirely upon her people
mainly, indeed, upon her arstocracy-or at
any rate, upon the substantial means of the nation,
of which they hold so large proportion. She
has doubled her property and Income Tax !; she
has added somewhat TO the duties on home. made
spirits. But she has left untouched all foreign
products. She has thus set an example we'll
worthy of imitation, and in the practical benefits
OF which there are probably none who will partlc-
so largely the Americans.
Journal of Commerce.