Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-09-25

the opening OF those mnes chiefly OF silver produced
such AZ effect upon prices during the last century what
NAV we not expect during the next from the vast treas
ures IN goG, eontirIlly pouring in om the mines OF
California aud Australia! Minkind seem forget that
gold IS but the and the standard of value,
and that tuc,ua,es quite much in price other
modcs It's value being last regulated by the cost Of
production None need be surprised IL the average price
OF wheat for the next century should exceed two dollars
and fifty cents bushe This operating prices
Is permanent one only to be checked by the failure OF
the gold mines There other causes affecting prices
oil gran' more or less temporary that require notice.
IL.
The price OF grain is not regulated by the quantity
OF aud in the country, by tho quantity in actual
cultivation, but by the labor and capital that DO
poyed IN msnuriug the laud, aud prolncus the CROPS
No greater error can exist than that IL IA possible nsu
rally TO increase crops by increasing the breadth of land
so~n without espondine increase OF labor aud capt
ta The census reveals striking facts this sub
ec which IT Is well to consider. Tic tendency of
population is to the cities aud towns eiEiuy increasing
the number of without contemplating increase
OF producers From among many Others take these
ampcs: The Increase oi population in the State Of Nes
York. from 1910 1850 was Cos AS i this Increase
the city oi New York had 9,2 SGT, aud Brooklyn
Albany, Buffalo, Rochester Troy aud Ctcl had together
lS22So; mixing in the aggregate increase in tdese
seven cities OF S35,0G7-being than one bali the
entire Increase Of the State Ii the eUqrry pur-
sued through all the aud villages ut the State, IL
would probably appear that whilst ia this great State
there fearful increase OF mouths be fed the rural
popusuon-ths only producers-hsve in fact been ii e
mnshed Tue Increase of population during the decade
10 ennsyvsnis was Of this increase the city Of
fhiaueipha alone had 1852. la saSsholiing Mary
land the same state Of things prevails
though happily for the Inhabitants and the welfare OF the
country at large the general tendency of the ssy ehodng
States Is 10 diffusion Of the population the rural
districts. The increase in Maryland llsol6; of
which the city Of Baltimore alone had G7Il IL will
thus be seen that whilst the producers Of food
the States at least remain stationary the consumers have
increased at fearful rate 1t requires no profound
knowledge OF arithmetic political economy 10 perceive
that this state OF things must have its effect prices
III. Tux ErFxcrs WAR ~ EuaoPr
That large fleets aud armies require supplies ia
most obvious, aud however guess they NAV DO of she'd
ding each others blood the eject of tho war upon prices
is not tue ess certain. Besides disturbing the
of industry in the countries that become the
of producers taken from the fields of apr.
culture the camp and become the most was,ciul CON
sumers; thus diminishing the supply and greatly nceas
ing the demand for bread.
". SHORT CROP
Ihave already spoken Of the corn crop think YOU
greatly mistaken in suppong the last crop of wheat
| to have been an average one. In what Safe WAS it
a full crop? Not in Ohio, New York Virginia, Narv.
land, even in Pennsylvania as far us am informed
OF the crops in the far West know nothing but always
receive the paper estimates with many grains Of allow.
,uce. In Virginia the crop is certainly very deficient
both in quantity and quality When the quality Of wheat
is Indifferent the quantity is invariably short The Exc.
eu,ive Committee of the Agricultural Society Of Mary
land after full inquiry the conclusion tina, the
wheat crop OF that State did half an average
The same may also be said OF the crop of Virginia have
passed through the Baltimore corn exchange several
times curing the anu examined samples
wheat, and have never them so poor sent
wheat the last season, Baltimore, that weighed up.
wards OF 90 lbs TO the bushel. have examined the
sales book of OF the largest commission house. hi.
season. and the weight OF the variety of wheat
ranges from SIS to 5S-rarey making SIS pounds. An
intelligent member OF the firm stated to me- that he Sas
satisfied, from the shipments made his house that the
crop OF the Underwater country one-haf short OF
the crops of Europe you will have moro hereafter when
necessity will reveal the truth that policy now seeks to
reveal Long continued rains before harvest fol-
owed by COOL abundant crops. The only samples OF
new wheat offered in the London markets reported ui
being inferior quality This, Of Itself is pregnant fact
which farmers understand If merchants will ignore it,
In conclusion, Mr.. Editor, have but word To say
Should the general effort OF the press lower prices
for the temporary relief Of the necessities of the CT
ties be successful. aud large shipments of corn and
other bcadSunS be made TO foreign countries may yeI
rue our folly, when the pressing OF country
shall demand supplies which neither be had q,
nome abroad
AN yours, very respectfully.
WlLL0UGHBf NEWTON.