Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1857-10-02
TVF. WILMINGTON JOURNAL.
The Quarters Exports.

corresponding quarter OF 1900 II VIII NC Se0n lilo" III
the important items IF Spirits Tpentme and LUMBER
there is very decided increase, amounting to some
eleven thousand barrels of Spirits, and some two mil
lions and half feet of Lumber. The increase III linn
her although decided is Of less consequence There is
sligbt falling off in Rosn, while Crude Turpentne is
about the same
In the matter of Flour Rice and Breadotu1S gener-
av there is an apparent decline owing to the backward
ness of the season. Indeed in the item of Rice nothing
has been done, although the crops bid fair to show at
least an average yield Cotton also is weeks behind
Making the fair allowance oftwo three weeks or per-
haps more exports of cereals will compare advanta
geousy with any former year. and but for the disturbing
influences Of the monetary crisis induced by speculative
movements at the North there every reason to beheve
that our business would have made full and satisfactory
summing up at the close ofl857 ThegroS5 OF exports
would have been above average and at rates Tor our
staples which, while they could not invite Speculauoh'
nor stimulate over-producton, offered living remunera
ton and a moderate profit to the thrifty produce'-
What influence the present financial excitement may OK
ert in determining she amount modifying the char-
actcr of the business Of our port Tor the remaining ee
months of the present year. remains to be SEEM or rather
If remains to he seen how far its injurious influence WI"
extend We do not think any serious depression lor
any great length of time ought to result 1t IS true
that manufacturing industry at the North Is Su'iin
under a temporary paralysis, and that TINS must Vi
course cura the consumption OF all articles uSeo III 'ne
arts and manufactures, turpmtnc among tle rest o''
VIC believe it to be equally certain that the stock IN the
country vet to come forward IS unusually small hel'ler
do we tbia if is heavy at any of the ports The cool
Summer late in opening has been untavorabe Tor the
trees while fewer hands have been employed IN making
turpentinc than formerly
Great canton and even hestancy, must for some time
characterize all movements in produce here and elsewhere
No bonsr at the South can feel assured OF the perm
ncncv Of anv house at the North, to whom shipments
are to be made since the papers daily chronicle the
names Of leading firms there who have gone down who'll
w. or succumbe( for the time who had stood, and with
reason among the best and safest. Matters Will soon'
however adjust themselves to thcncw order OF things and
b,oinosc oncc more flow in its accustomed channels
The monetary distrust and consequent pressure upon
banks as well as individuals, may to some extent limit
commercial opcraons but less than might be supposed
NV those at distance The circulation OF the different
North Carolina Banks has for considerable time, been
very much contracted and the excellent money changers,
from tbeunsoud and suspended cities ofPhadephia and
Baltimore have made part Of their regular shaving
price Of every North Carolina note that strays abroad
which tbcv instantly present and demand therefor the
old or lis cquiyaent 50 far Virginia and South
Carolina NEIGHBOURS are concerned, they have uniformly
agreed to discrrdt our currency. We can have little
worse to expect from Baltimore brokers than have
already cypcrcpced and we think it will be found some
what difficult for suspended cities any longer sufficiently
to discradit the notes of specepayng banks to OK
Al, A. lC,,,o iS mot III Uh
NOT 10 be the scmbance of excitement We do not sup
pose that at any period in the history of the State it
hanks were in sounder condition, their resource
moro annie. All, we believe have laid by continger
f,nd amounting in the cases of the Cape Fear an
State Banks to over twenty per cent on their capita
stock It is true, a smaller institution away down q
Elizabeth City in PasQuoank County, Is reported
have cone Nv the board but that was in difficulty lon
400 as nearly everybody knows. We refer to IL
Farmers Bank That is very small affair, and i
failure or suspension is really due to causes cXstr
long anterior to the present difficulties
It is true that men and corporations may be compe
ed through the force Of circumstances to adopt inca
urcs which would neither be juSt6abe nor polite und
other circumstances. \ planter living on an aDuvl
river with his lands protected by lcrcc may keep
his own cmbankments and use all proper precautions f
the protection of his property and that OF his neg
bors and vet find all his measures rendered abortve
the weakness Or negligence crminaty OF Others al
thus he compelled TO resort to measures not ohorwl
contemplated or jusfabIe 1t may be that by the ia
ures of others to keep up their financial embanklncn
aud projections, torrent may be let i'll compelling ev
the strongest institutions who had most prudently guar
cd their own ground to resort to the extraordinary mca
ure Of suspension, which may then be excused on t
plea of necessity but can never be justified that
expcliencv. For we can never believe it eXpcdieI
where it can possibly be avoided The charact
of the currency must exert great influence for
AGAINST a markct-a the difference between cure
CIV at par and one at discount Two currencieS OF
unequal value cannot coexst in the same comnunit
The weaker must give place to the stronger This par
and pressure if strongly met by sound institutions mu
from the nature Of things soon pass away. l. yielded
no man can loretei its duration estimate the dis
trous character of its effects Should circumstances
You'd question prove the inevitable necessity of Suspt
sion by the banks of the State the people will recogn
that necessity but they will respond to no mere plea
expediency The necessity must be distinct and &c
trolling. not fictitious.
New MAP OF NORTH CARoLINA.-Mr Sam
Pearcc paid a visit to our sanctum Wednesday with
copy of the map Of the State published by n
VIM D. Cook. of Raleigh. The map is handsome
gotten up-a very crcdablc affair, indeed. 1t shO
all the existing divisions of countes-the railroads eitl
buiIt ar 1roicctctf-thc heights of the principal mOu