The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1858-03-18
German Enterprise.

A remarkable feature in the worlds commerce
during the last few years has been the great deve-
lOpment OF commercial enterprise on the part OF
Germany and the Germans. 1t would seem to be
the case, that with the advent of the Xoiverein-
Customs Union 10y which some twenty different
States united thirty years since, in an internal
free trade league, sinliar to that OF the United
States, abolishng all internal restrctions--that
the spirit Of enterprise became awakened, aud
stimulated by the construction OF railroads, and.
iatterly, by banks. Since that time there has been
annually "a greater migration of active, intelligent
young men, with the most thorough business edu-
cation, to every country that Offers field for Gu
terprise. They have impaired new energy in ey-
cry branch of business particularly in this couu-
try, where they have manifested their presence in
every great city, and been followed by very
large amount Of capital for investment in public
works
man communities, whose industry and character
have drawn after them large sums for investnen Is
that would else not have been made. There has
been simultaneously ia Germany great develop
ment OF industry and banking enterprise the
cents and connections OF these latter have found
here large and lucrative field for operations
The consequence has been the rapid development
OF markets for German goods and great degree
Of vigor impaired to American produce markets
The import OF goods from the Iollverein, Switzer
land aud Austria were rs follows:
Zolvereiu. Switzerland Austria Total.
la52 .....S9s55,l0i 5.e37,S95 1896 1850, 81
ls33...... s,As.i0S 5,552gsi 1865 1854. So
I'LL, s55, 300 7,1T5,I3 80 gA $3.50 jit
lo36."... l6,46llE s36s,Ui 4i3.326 2i,S2o2,
The Swiss imports are mostly silks, say $4,s1j-
600, and s2,40l 900 watches. The Zoliyeren most
ly woolens, say $7,0O0Oo0: eottons, $4,000, 900
silks; S2,50000o. The figures for 1857 are not Vel
officially complete. Thus. following the tide OF
German migration, German capital aud German
goods have flowed into the country in increasing
volume. 1t Is also in the pfOduce markets that
the new influence of Europe is felt Heretofore
ENGLAND On ifal FnoIt ba.c ntro
market. When the great interests of England re-
sured it, the edict went iorth from Thread needle
street that cotton must fall.
Acting on knowledge of this, the great opera
tors with English capital reirained from the mar
ket antil the inevitable fall took place. This ope
ration was tried last year, and for the first time
tailed, because when the English buyers RETAINED
from the market, the Germans took hold and
bought, and prices from lie to 1Gc., much
To their profit and to that of the planters, the
expense of the English spinners. The result was
that the English got but Is per cent. of the crop
of 1857, against 81 per cent. of that of 1886.
IL is to be regretted that in the late panic the
movement of German capital toward this country
should have become checked by discredit, in which
many of the railroads have been involved, and
stoppage of remittances through the breaking
down of the credit system embarrassing collcc-
tions for the moment. The restriction of conf
dence and business will doubtless give new ill.,
pulse to connections with Europe.-UIaited States
Economist.
MORE GRACE DARLING HERoIsM-The European
papers year ago, contained an account Of the
successful daring of two young girls named Petrie,
in rescuing SOME shpwiecked sailors. The Edin
burgh Express now records another instance of a
more complicated but similar character, as fol
lows
Recently, a small fishing boat containing aman
and boy Gather and son. was suddenly upset in n
snow squal in crossing the sound which Isepara
ties the island of Yell aud INST, Shetland The
boy succeeded in securing hold of the boat. but
the father, whose vigor is considerably impaired by
a long standing spinal disease, was scarcely able IL
make any effort for his life. The boy succeeded
however, in drawing him close to the boat. and by
Selling the collar OF his jacket in his teeth aud
holding up his chin with one hand whilst he
retained his hold of the boat with the other, con.
trived to support him till relic; fortunately sup
piled. Their cries were heard on shore by young
woman named Helen Petrie, who immediately
procured the assistance of her brother and sister.
in-law, hurried off in boat 10 their assistance
The boy was taken into the boat, but owing To
her littleness, aud the extreme exhaustion of the
father, they had to support him still i'll the water
while they pulled away for the nearest landug
After ef1scting landing, with considerable dan
ger and difficulty, and conveying the rescued peo-
pie To their houses and seeing 10 their comfort they
immediately started to save the poor fsherman's
boat, which was almost the sum of his worldly sub
stance, ana next brought it safely on shore 1ht
generous aud intrepid conduct OF these individuals
is the more worthy Of notice, as the two female s
along with their aged father, were the Means oil
rescuing portion OF boats crew last year in the
same sound, when some OF the stoutest hearted
fishermen were afraid 10 venture owing tc the
state OF the weather.