Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1859-09-06
From the New Orleans Picayune, Sept. LIST.
The Past--The Future Promise.


From the New Orleans Picayune, Sept LIST.
The Past--The Future Promise.@
"A new commercial year opens this morn
ing. full Of promise Of abundant harvests and
Profitable enterprise. The season just
closed. characterized by no commissions of
trade, nor serious ffhcruafioBs in the price of
great staples of the country. leaves our mer-
camille community The most favorable
condition for enlarged operations. and our
agricuturists more ind pendent and prosper
Gus than al any past period for twenty years.
The stability and commercial soivency of the
South are more and more assured. and even
the enemies Of her social institutions caunot
refuse TO acknowledge the singular pros
-perity that marks her history. More in
tirnat,iy with each revolving year, The bust
ness relations Of The twoeextreme sections of
the Union are interwo oven, and the mutual
advantage of the one to the other is made
more apr aren't.
Nor could il well be otherwise. Our great
staple. cotton. the rules world. "A failure OF
the cropoi our Southern fields Would be fol-
lowed by distress and diastef to-fhousands in
Europe. and would threaten the peace of
society in more than one government that
has stood The shocks for a thousand years.
Steadily the breadth of lands in cotton
cultivation has increased, but with the same
or even a greater ratio the power of con-
sumption of cotton fabrics has been enlarged.
England which, in 1853, scarcely consumed
1900 bales, in 1909 worked mp 10000. and
in 1859 wrought into textile fabrics apps
600 bales. Yet that country which long had
the monopoly OF the cotton manufacture.
now receives but little more than Sc per
cent of the total crop of the United States. II
she has nearly reached the limit of her means
of manufacturing. other nations have yet the
means of great expansion.
An unusual activity now prevails in all
the manufacturing marts. Never have the
stocks of cotton goods been so low and so
well engaged. The home trade in England
is in u healthy condition, and most of the for
eign markets are in situation to order large
supplies. 1 -
The restoration of peace to Europe prom
Uses more than ordinary activity, aud it be-
gins TO be believed that over four million
bales of cotton for the present season, from
the United States. will not prove too large a
supply.
4 The influence of product, from which the
industry of the North. and Of all civilized
nations, obtains its sinews of strength. in
giving might and character to the South, and
in binding it in closer intimacy with other
communities, is apparent The year which
has passed is not without evidence of dimi-
mutton of antagOnism, and more catholic
tolerationfor institutions that had been de-
nounced.
The business of our city, presents very
fattering condition. Our receipts and ship
ments of cotton, in round numbers, are l.
10000 bales, against 1,67S775 for last veal
an increase of nearly hundred thousand
bales. OF domestic sugar, we have received
PSI S2l hogsheads, against POP 96S for 1861.
In the receipts of tobacco. decrease of about
1000 hogsheads is witnessed, due to the
influence of new lines of railway, opening to
the country, for the first time. anew market
and to the boarding a portion of the crop on
the farm, but we have shipprd 1854 hogs
heads against ~ ,3S7 the previous season.
The want OF II foreign demand for bread
siuffs has reduced the amount sent forward to
this port, and tie greater portion of corn and
the smaller grain on Southern plantations has
diminished the receipt of these articles. But,
Notwithstanding the falling off in the amount
of these agricultural products, business Ill
New Orleans, in all its departments, has been
active and remunerating. A healthy and
vigorous growth is apparent in the Increase
of commercial firms, i'll the universal solven-
cy of both old and new houses, and In the
costly and extensive improvements in pro-
gress in all parts of the city to meet the
wants of our commerce. Money is abundant
and capital begins to accumulate which Is
seeking profitable home investment.
The year upon which we have entered will
bring us into closer connection with the fer
tile West. By the completion of the MisSls-
aippi Central Railroad, we shall De brought
in direct connection with Tennessee. Ken
lucky aud Ohio on the North. Virginia, Ala
bama and North and South Carolina on the
East and Northeast, and North Louisiana on
the West 1t is impossible to calculate the
result of the opening of this single line of in
ternal Improvement, but it will doubtless
largely add TO our receipts of cotton, tobacco.
-four and other products, and extend IN a
palpable degree our sales of merchandise,
suited to the wants of the West. Prosperous
as the past has been, we cannot but believe
that the present is but ioretaste OF that
which is promised.
For many years New Orleans has imported
direct from Europe a large quantity OF dry
and fancy goods; and this trade, we are as
sured, the past season. exhibits decided inn
provement. Our fancy goods are all import
ed direct, and in this species OF merchandise
New Orleans stands unrivaled for taste aud
elegance.
1t il fortunate that neither the thirst for
gain nor the vcssitudes of affairs in Europe,
has seduced us into wild speculation. The re-
turn ofp"ace pr cludes the immediate prospect
in the face of large European crops, OF any
sudden foreign demand for flour. BESIDE 8.
we now have a stock on hand of $4,000 bar
rels, sufficient for the present home consnmp-
ton OF pork there is also stock on hand
of % 600 barrels.
We have seen in this city the most healthy
growth under the impulse OF Il Legitimate
trade. The period of the widest speculation
was followed by a terrible disaster, ana II
prudence and circumspectiOn shall prevent
the return of such wild extravaganza in bust
ness operations. year by year, in spite Of ad-
verse circumstances. New Orleans will stead-
~ develop until the completion OF the great
PROJECTS OF internal communications now en-
terIained shall make the West, Northwest and
Southwest, from the Pacific to the Mississippi,
its permanent tributaries, concentrating ia
its borders the wealth of regions greater than
gave Tyre aud Venice the commercial sceptre
of the world