The eastern clarion. [volume] (Paulding, Miss.) 1837-1863, 1859-09-21
$ls4SlO0

This marks a high degree of activity
among the manufacturers, and in addi-
ton to this large production the quanti-
ties imported have been considerably in
creased as compared with the last year
The combined supply, however, as well
imported as manufactured, has not, taken
with last year, equalled the average of
the years 1856 and 1857. The continu-
ance of the war caused rapid decrease
in the purchases of the spinners during
May and June, under the impression that
a prolongation of hostilities would inevi-
tably cause decline in the material
The restoration of peace has now given a
new aspect to the matter, with the prom
Use of some years of repose, accompanied
by good harvest and an earnest desire
on the part of European Governments to
promote confidence, and thereby develop
material well-being. The demand for
goods is likely to exceed that of any pre-
vous year. At the same time the prom
Use of the cotton crop up to this moment
is, as far as can be judged at this early
day, in excess of that Just now brought
into market 1t is not impossible that
the exports of the coming year may be
pushed to three and quarter millions,
at a price equal to that of 1857, say aver
age sos per bale, which would give an ex-
port value of two hundred and ten mil
lions of dollars, and impart to the South
ern section of the country a greater de-
gree of prosperity than ever yet fell to its
lot. The character of the Northern bust
ness will probably change. 1t is always
the case that a rise in the value OF the
raw material induces a change from coarse
to fine numbers-that Is TO say to put
more labor and less material into the fab
ric. At the same time the cheapness OF
food, which favors the development Of
city business at the expense of the agrl-
cultural sections, causes a demand for the
finer qualities of cloth rather than the
coarser kinds. The demand for material
is once more active since the settlement
of the peace question, and the industry
| of the manufacturers is daily on the in
/ crease United States Economist.
! WHAT CONSTITUTES A Rich MAN.-Thir-
/ tv years ago, says a New York corrospon-
/ dent of the Charleston Courier, "a man in
/ New York was extremely rich who was
worth 5000, 900, and very few in New York
were worth that. There was old Nat
Prime. OF the firm of Prime, Ward &
/ King. John G. Coster. Robert Lennox
Stephen Whitney, men worth a quarter
of million. Old John Jacob Aston was
worth three or four millions. The rich
est men were connected with commerce.
There were then five or six leading COM
mercial firms such as q. q. 4 5. Rowland,
Goodhue x Co., Grinnell Minturn Co.,
and Spofford Tileston. Now there are
as many hundred of leading firms. and a
man only worth S25O00O is considered a
man in moderate not to say INDECENT
circumstances VIM. B. Astor is worth
about thrty-five millions George Law is
worth ten million so is Stephen Whitney.
Commodore Vanderbilt will not cut up
less than eight millions. Dozens of peo-
pie are worth FIVE millions, and mere mil
konaircs are quite common, and to furnish
the Courier with list of this poor class
would use up several columns Our old
merchants, who became very rich, never
made it in trade. When they had done a
good years business, they drew out s., 900
or 1000 and bought real estate. passed
lot yesterday, that the present owner
Onced paved $1,000 for, and has refused
5000, 900 for it a dozen times. The pro
fits of the merchants small or large, invcs-
, ted from year to year, years ago, have
made them vastly wealthy without Their
, exactly comprehending how it was done. .
! 1t is said that the President has tender
ed the Commissionership of the Genera
Land Office to Ex-CongressmaR Hughes
of Indiana, which he will probably decline
, as he did last March the appointment\9t
! ('nDDDoiSSIOOIap Of pa{antc