New-York daily tribune., 1858-08-20


que,tion is sr1iOu,ly asked by many and hopefully
.Iswered BY most Let us consider It.
/. Undoubtedly, certain elements Of q revival OF
Trade low EXIT. Tie interior has bought goods
| sparinpy from toe seaboard for full year past
Tie puIchsxes Of new fabrics BY consumers have
yeIy generally been light. Nest men and many
women have worn old clothes instead Of the new
that in ordinary times they bought. Economy in
food, in dress, in nearly every department Of ex
tendituIe, has been, and is, more general than for
many years previously. Many who have been
traders. or speculatorr or founder of paper cites,
have per force laid ssde barren schemins and
gene to work We have doubtless hsd more acres
under the pow this year than ever before. god
many debts have been paid up or worked of by
transfers OF property, exchange Of securities
bankruptcy or otherWie. Many portions Of our
country have teen decidedly favored in the clemen-
cy of tho season, ard will realize large crops. But
II. On the other hand there have been more
people unwillingy idle during the att year than for
several previous year'. Our Mines FACTORIES,
Furnaces. FoIges, have either slackened work or
.topped altogether Our Mechanics and Artisans,
especially in the great cities have had not only lie"
work but lower wsges than formerly. In the sg-
gregate, they have not earned half so much in the
last twelve months as they did in the year preced-
ing. Ship-buders, farm laborers, railroad makers,
all have shared in the general depression. Hence,
while there is undoubtedly greater need of goods
row than last year, it by no means follows that
there is proportonste ability to pay for them
TIT a.. Gruaxs .. . ciss. bsva thar full shs "A
in tie general depression. Cotton, Wool, and
few easily transported staples, have fallen about
tw snty. five per cent. Cattle and Horsss, we think,
in the average rather mole. Grain will not net the
producer mole than half its price eighteen months
sso In tho grain-gowing We,t, the fall in price
to the farmers las averaged sixty to seventy per
cent ard there seems little prospect Of an carly
and considerable recovery. And, contrary to the
usual course, We have low prices in the face sf a
short crop. There no longer be doubt that the
Wheat Of the entire Union falls below an sveGSge
Weld. We believe twelve bushels to the soNn
acre high estimate for the average yie!d Of ISIS
Oats Sic stiil poorer-nOt more than half an aver
age crop. Corn will be at least a light average,
though, in all the Northern and Middle states, the
Weld bids ;air to be decidedly good. Grau, Pota-
! toe,, Sc, are abundant, ard Cattle have thryen
well. Yet the entire Agricultural Product of the
couLtry is less in ab'olu.e amount, considerably
ess to .he acre the days work, aud will net the
producers not two thirds IS much money ss the
average Of the last seyen yesrs
". Goods are pouring into the country in ey-
dent anticipation OF fair Fall trade. The imp,rts
at this reit alops average four millions per week.
agsinst eIports to the amount of little more than
one million. We have little to send abroad, in
view Of lhe slack European demand ard low prices
for bres,stuif., until the new cotton crop shall be
ready to 90 forward, which viii not be for some
month. get Meantime, We must stop the chasu
caused by our heavy imports with Credit aud Gold.
The Ten Millions which the Federal Government has
| Just borrowed, making Fifty Millions of New Debt
within he last year, viii 10 good part go abrosd
| 70 psy cr the Cloths and Metals our own lsborers
would eladly produce if they could OILY get tie
chance; so that they will be owed, not TO our ow
people, but 10 Europe. We are as likely h ship
Twenty Millions in specie As less amour: before
this yeais Cotton ard Tobacco csn be Gin TO 20 for.
wsId in quantities adequate to supply the exchange
needed to pay for our weekly Imports. In the face
of this outflow Of specie, our Banks mus. discount
carefully, end vii probably be obliged t. reduce
their loans.
V. While our Canals and Railroads have oper 4. Sd
70 reduce the cost Of transportation per mie, the
COZ slant dispersion OF our Agricultural Popu.tion
oyer wider aid It'll wider surface and their set.
teus nj further and further from tie .eaboard have
fully coun.eyscied this reduction. so far "a the
average coat per bHsid or !uu OF transporting our
surp.us Pro,lce TO iis foreign consumers is con.
cerued 1t costs eur people more per tua th. day
TO e1ch,rge their Whea. Corn AID Mea. for the
Ne.als Wares srd Fabrics OF Europe, than il did
for the ten years prior 70 the Revolution. Our
Grsir.feljs are in the heart of our Col,irent 90
that in counting the cost OF exchanging Wheat for
Ioteisu.msde Cloth (Which cost determines the
oric. received BY cur f.rmers) We must cous,ier.
not tie freight Of Flour from New-York to Liver.
pool but its freight rom Peoiia, Bloomington
Iowa City snd Dubuque, TO Birmingham and Shef.
fed AID this charge Will b, found, At the presrr.
| p,ce.of Grain in Europe, utterly runous to our
producers.
| VI. On asurvey ofthe whole ground, then, We De
ueys tia. the Trade OF the entur Fall must be mod.
e,.,e-,bat the elements Of large and iourishins
in.erctMg &c Of products between City and Country
do rot exi.t. lows has very poor crops this year.
ewirs to aood. sod teupsss; tAe adjacent States