New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-10-06
rnA s.Tox i.s summary from ne ledger e.hitas the


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We hear, unoficially, that the September receipts
oftbe Illinois Central win be about slI5,cO Chicago,
Alton and St Louis, 500 oOO Milwaukee and Mssis-
sippi, $4,000.
At Boston Money Is held at advanced quotations
say from u to = cent for prime paper, and nom
10 10 for very fair names. There is no pressure
TIE Independent says; .ho
e,rThe mast week has been of quetness In all the
ro,nds ~ trade Business has been good out not
n,etsioo The scarcity of many descriptions OF mer-
band;,e has had favcra influence on stocks gen
orsiIu Our importers, commission merchants eno
.bhrs are clearing out their goods, being determined
20 reduce the quantity hand as much as possible
by the close of the present season. large foreign
importation is generally anticipated the coming SPRING.
ar il is thought wise TO prepare for it. AS Haaon,
we are so impulsive that ore inclined to rush INTO
ejaculation after season Of prosperity like me pres
eIt VIII not our importers learn wisdom nom tae
pastl Are they not convinced that more money IN
the aggregate 10 Arrays made on mo1eEtle lhporla
top than on large one -"
Exchange ia declining at New Orleans. There be-
ing more tpnnage and freer shipments the supply OF
hills has increased Sterling was quoted at - 81;
Francs 517I sight ia the North Ia! T. cent discount.
The Valley Road Erattleboro to Bellows Fails, Vt,
has been transferred TO the trustees CT the bondhoders
who have elected Mr.. Soat, Of the Directors, SD
perintendent.
AJIusion having been made ia various journals this
Included to a Government article in the WoH'terr,
upon the state of the French harvest we annex
translation of the entire article 1t has attracted mach
attention in this country. The WoHHeur, under date
Of Sept 10, says:
"Tbe Government is at present occupied and very
ustly with the question of food, always go import ant.
This s the third time in three years that the high price
of wheat renders great sacrifices necessary 70 tne
country Under these circumstances, however dltl-
cult they may be- the Government will not fail to do
| lis duty.
"Let (, examine the state Of the question.
"France produces 90, 900 hectOlitres Of wheat
annually Let US suppose that this years crop amounts
TO only 900 600; then there would be deficit of
1000 900 hectoltIes, about 20 900 600 bushes Now
so long as these 100000 hectores shsll not have
| been made up in France from some foreign country
there will be no earthly means of bringing the prlce
down. The great desidtratum, therefore, is to import
this quantity of wheat quickly and as cteaply az
possible. When it is here it must be scattered through
out the empire and not be allowed to go ont OF 1t.
This DONE the price will fall in the natural course OF
thingss; = ,a....,,o.o
1000 900 hectotresl Is it, as is proposed, by reduc
ing the price artifcally Is ii by compelling holders
70 sell in certain way in certain places and at GER
tain price, Is it by offering bounty on imports
We think not If, by artificial means the Govern
men were so imprudent as to attempt to reduce quota
tious by selling wheat at low prices if it should make
use of inquistOra measures with regard to holders
these attempts would lead to results opposite to its
wishes; panic would arise among all those who have
IL
would cOnceal rather than sell 1t, and the fall in price
being purely artificial, could not continue. Foreign
wheat for which we should no longer offer an advant
| ageous market, would not come to France, and we
shond inevitable have famine, since 1t just i'm
possible TO fix price by force on co nmodss in gen.
eral, as to hinder water from fndirg its level. The
fatal law of the maximum striking evidence of the
! evil which can be produced by ignorance in political
economy. Confidence and freedom of trade are the
necessary bases of commercial prosperity and conse
| queI tly the causes of plenty.
Az 10 m 10 n in
France some have supposed that the price would fall
10 the full extent of the bounty. This experiment
made in 1876 without success; and in fact If the
Government were TO declare bounty on imported
wheat foreign producers and merchants would very
soon raise the price to the entire amount of this boun
ty, and the measure would end only in enri hing
foreigners at the expense OF the producers ana con
sumtIs of France.
"What then is to be done We must do just what
was done by the decree of the sth of September last
we must open for another year our frontiers to all
edible products of foreign countries must prohibit
expectation; we must facilitate railway and canal
sportaion by rendering 1t less costly that we may
equalize as much as possible the pnce oil gram
throughout the Empire; we must aid, promote and
encourage foreign PURCHASES; We must give the most
perfect liberty TO trade while enforcing the law in all
its vigor against those culpabe maneuverers whose
object is to produce by combination artificial RISE
we must appeal to public and private charity at the
moment when bread is dearest we must in fine, slim
uate domestic industry by all means in our power;
for if we succeed in securing for our handiwork
greater demand and consequently higher price, the
workman will obtain wages which will enable him TO
pay an advanced price for provisions. For we must
say that owness of price OF these articles not always
an evidence of prosperity. There countries where
wheat for example, is almost nothing, and where the
people are in spite of this in the deepest misery be-
cause for want of commercial and industrial activity
they cannot buy sufhcency of the necesssres of life
even at the low price al which they sold.
Besides II is an ncontestable truth that rise in
the price of wheat can alone supply the deficiency:
for without doubt the producers and merchants of
foreign countries will bring il TO market if they
find reasonable profit and complete security for their
transactions.
This is SO true that the advance in the price of
wheat has already given an impulse 10 commerce. Ii
has been the Of numerous snd important orders
for foreign purchases; and not only will the arrivals
which will result from it result in bringing down the
price, but the mere knowledge of this fact will CO.
operate to the same end as soon il shall become
known TO French producers.
Let the country therefore be treasured; the Gov
eminent Is watching and having ever at heart the WELL
being of the NEST numerous class; il will at take
the most prudt nj and the most ehcacious measures,
and will meet all unlcoked-for exigencies with all the
force which is given by the love of the right and the
sentiment of duty"
A correspondent writes as follows:
ALBANY, Thursday, Oct. 4, 1855.
"SIR In your paper Of this morning you make
allusion to certain figures previously published in The
Herald, showirg net profits of Newly ork Central y
cent; Galena and Chicago, 50 y cent; Michigan
Southern, 20 y cent, &c. have net seen that state
ment and am unable 70 find the copy of The Herald
in which Il appeared. You will greatly oblge several
gentlemen Observation-Disclosures in those roads-by civ.
ing hose figures in THE TRIBUNE.
Yours &c. A. SUBSCRIBER
The figures asked for are as annexed
- Ntw-NoRE CENTRAL RAILEoAD
"ot eanpss year eIons sept 80 1855, ofea and esti
Wse1
oPsnIs expenses, estimssd 8 = ct.... $4,000
Interest on ell 81 eco debt. s . ct...... SO 600
Interest on - eco eco debt, y ct....... 2lO OoD