Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-06-19

In the Prodgious development recently shown by our
commercial exports very large share OF the result was
raceaLe, the reader will probably recOlect 70 the
newly created tale with Australian colonies The
condition Of these settlements utterly unparrael
Cd, that conveys ile dsplrageneni the mercantile
wisdom Of the nation when say tina: considerable er
rors baye been committed in providing for the sltscton
Of such wonderful demands. Aq,rala offered the pros.
pecI OF market almost bouudess and altogether extra
ordinary Ils population increasing with incredible
rapidly, aud every Of this population might in ak
months time become large On the other
side the chief colonial produce exactly that which
every merchant desires obtain in exchange for h4
goods being neither nor less than gold tser and
so widely the Of production distributed that
the means not only Of luxury but Of cIsyaglucc form
cd common possession. The Australian market appolr.
cd to DO market crowded with buyers every one Of
whom in his proper person twice good any buy
elsewhere. With the expectations which such pros.
pect naturally suggested merchants exported enor
quantity OF good, to Sydney and Melborne but in
these transactions they fell into mistakes which for some
time damaged their returns At first although thcy clear
y dscerned tho difference between Australian aud other
markets, they made sufficient allowance 70; the differ.
eucc between Australian aud other cusOmers They for
got that with pocket full Of money would be
likely 70 demand his moneys WORTH and that, though he
might be lavish Of his winnings, lie would require an
des purycycd for his enjoyment When, therefore, the
exports Of Australia made up 10 the ordinary style
OF assormeuls for the Colonial Market" aud rubbish OF
all kinds despatched Sydney, with tbs idea that
would be worth IL weight In gold entire disappointment
was the natural consequence The dggefs ready
enough with their money but they wanted the best that
money could buy and turned with contempt from all
uces but those Of the finest description. This the
frat cause Of miscarriage. The next pointed to over.
sights more eIcusable, aud to circumstances which
porers could hardly FIRST have been expected to UNDER
stand.
Ausuails was country and all the riches Of its
soil we're insufficient 70 provide II With the
yenences Of old country. II had neither roads
bridges ferries wharycs warehouses. The
distance OF the city Of Melbourne from it, port by
is at least nine miles and for the performance Of the sop.
Elementary voyage no proper facilities existed, nor, a.
appears by the mail Of this week. have they been estab
lsbed up 70 the present hour. A promising plan had
been devised for the construction OF ship canal from the
bay TO the city and the formation Of large docks with
their appurteuances but the project through ir
regularity Of procedure, had failed Of success All the
goods, therefore, transmitted from England Australia
were required after tho completion Of the sea voyage 10
be carried nine miles further heavy expense aud TO be
lodged In some manner other at port where thero
was no convenience for storage, aud where the least
eommodaiion was costly 10 the extreme. The couse