The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-08-07

Newten, or Virginia, and the New York
From the Richmond Wing, Augusta
THE CROPS AND PRICES.
We publish to-day very interesting communica-
ton on this subject from Mr.. Willoughby Newton.
His views are identical with those frequently ex-
pressed in this paper but prepared with more care,
and the whole subject discussed in single article,
we trust they will have more effect than anything
posing Of our supplies at low price, under the
extravagant outcries of SPECTATORS and the conse
quent necessity of being compelled to buy Canadian
is one Of national importance. This whole country
suffered from that operation last year. very large
portion Of our wheat passed from the farmers hands
in August, September and October Of last year,
(those the months of heavy delivery) at prices
ranging from 81 40 to 81 60. Subsequently the
price rose to 80 70 but very few farmers proftted
by that figure: The city consumers had to purchase
their -four at that rate-and the benefit in great
measure enured to Canada-and, strange as it may
sound, to Spain, for wheat was imported from that
country to this. like proceeding this year will in
all probability be attended, with like results:
We mark our sense of the value OF Mr.. NewtOns
communication by giving it prominent insertion:-
THE CROPS, PRICES, FRO.
THE EDITOR OF THE NEW YORK HERALD.
induced, by your article OF the 2st inst, the
crops prices &c. and by other articles Of the sort
going the rounds Of the press and which deem Of the
interests, but to the whole country, to write again
this subject. You may remember that in reply to Your
l
endeavored TO show facts and well established prnc
pies Of political economy that the general estimate of
future prices at that time prevailing was entirely un
founded predicted that prices would rise greatly and
permanently and closed the letter with the following
caution to the prcss"n conclusion, have but word
sayf the efforts Of the press to lower prices
general should prove successful and large quantities of
and other breadstus be exported to foreign coun
tries we may yet folly when the pressing
stiles Of our own countrymen shall demand supplies,
which be had neither at home nor abroad" You
win do me the justice to say that my predictions were
1Iv I'm anAth hat ha
better OIL If my caution had been needed.
beg leave to call your attention again to the princi
pies embraced in that letter. They are not new though
unfortunately they not familiar to the general mind
yet they worthy of the profound consideration of the
You estimate the wheat crop just roaped at one hun
bred andixtyight and ahafmillons Of bushels against
one hundred millions of bushels the crop of as re-
ported the and the average price Of this
at 81 25 bushe Now, is obvious that these esti
mates must be merely conjectural The crop has not
hood and all that is known in regard to it is that the
grain is of good quality and that the yield from the straw
sections less than usual Is certain, and We shall have
great to congratulate ourselves If the crop should
prove an average one That the crops in an agricultural
tural increase would to be almost matter course
though, far the wheat crop is concerned it is be-
ducing in this country is almost limited that
OF cotton and in of the principal wheat producing
and towns where wheat is consumed and diminishing in
the country where is produced incline TO the OPT
therefore that the estimate Cincinnati Price
Current Of one hundred ond fourteen millions Of bushels
is much nearer approximation to the truth than your
estimate although it falls below the ration of the in
of population Examine the census OF your own
state just completed and you will fn] his opinion fully
justified. The city Of New York has population Of
army of hundred and fifty thousand consumers, to
say nothing of the vast number Of nonproducers your
ing the quantity of wheat and -four arriving at tide water
through the New York canals during the last season.
being with the wheat turned into four equal to 954
har n wheat
inhabitaht (the English estimate would be little
than sufficient for twice the population of the city
Of the State of New York and of the great West The
consumption Of wheat in country has increased i'm
three years boyhood when at school in New jersey
do not remember TO have seen wheat bread Rye was
~ r Ssy'
wien in most Southern families wheat bread only
occasional luxury now It is consumed universally by the
Strange az may seem think not improbable that the
surplus Of wheat and -four for expectation will be found
in future to decrease with the increase of population The
effective demand for home consumption rapidly increas
ing with the rise of and the fall of money II is
obvious that aborer getting 81 so day better af
ford 10 cents for his daily bread than he could cents If
his were IS cents Clothing and most Of the other
IN are s ~
steam power that the fall in the value of money is in
regard to most Of the necessaries of life counteraced
leaving the ability Of the aborer to wheat bread
and meat though at higher prices much greater than it
before this rise Of wages and fall Of money The
never prOuuceu, proDdDly never pro-
duce half enough wheat for all its inhabitants and the
demand daily becoming effective, is continually
increasing throughout the world. Even in
own country conccding that the crop hundred and
twenty millions Of bushels over and above seed which
most liberal estimate, we should have less than five
bushels 10 each inhabiant, II not to export
bushe But for indian corn and wheat grown by slave
labor we should be more liable TO famine here than in the
old countries Of Europe In the nslavehoding States
there no class Of agricultural laborers no coager
serfs ddscrph gL0 All striving to elevate their
condition. the laborer Of to-day becomes proprietor to-
morrow and where all think they may live by their wits
Few are wiling 70 labor with their hands Hence the dill
ncuy oil procuring continuous supply OF labor has rem
defed farming in the west an exceedingly irksomc and
precao"s business agriculture IN TINS country only
o. successfully prosecuted on me patriarchal system
eher pS tVe LABOR or by amihes OF whites There can
be no greater dsuon Than to suppose II possible Tor the
exsung agricu,uia popumuon materially TO increase the
hroancuo o. Wheas 10y ex.enons .he surface under cui
uvaon one OF those errors so extensively prevailing
hs, deserves 70 be included In new edition OF Ben