Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1859-01-28

! older Southern States will be more valuable
thar either those of the United States Govern
ment. the creature Of the States, or than most
Of the free States; because they will have pro-
iuce for export that Europe will be unable to
dispense with.
Cotton bales at the present time form the
basis of commercial exchanges over the world,
and to the business Of imports into New York
cotton aFords the chiefreliance for interpretations
Of the city Banks. through whose agency the
credits of importers and jobberS are managed
while distributing goods over the South for
CONSUMPTION, and for which cotton is made to
pay. And, notwithstanding the Union Bank
bond difficulty in Mississippi, and some recent
trouble in Florida, aud 4 miscarriage in -ArSar,
sas, We YET hazard nothing in saying that Eng,
l!sh and other foreign capitalists have lost mil
lions in the free States where they have lost
thousands in the Southern States. Ii would
be- easy to show this, when We count up Inc
Dry Dock Bank swiniie, the North American
Trust Company fraud. the New York and New
Haven and Harlem Rail Road frauds, the Erie
Rail Road m-ismanagc:ncnt, and the frauds a"d
acknowledgement of L large number of Western
roads AMI other schemes, which have sunk mil
lions for the people on the other side, who were
afraid Of slave States and their securities. So
mach Tor financial lanaticiSm.
The li>;ru,t againS; the slave States has been
kept up in part through selfish purposes 1t
has been encouraged probably at the North of
Mason and DiXon's line, with the view of Sccu-
rim. the largest amount o%iiorcign capital for the
more speedy development Of that par, of the
country. Yet, probably ii has been fortunate
49, c,,hn,, Sto,n. tI,t co,;,> ,,,;t.l;...
have been unwilling lenders TO them; because,
had i, been otherwise. they might have become
excessively involved i'll debt, which wouldhavr
subjected their people 10 oppressive and bur
thcnsome taxation, the payment of which
woald have been entailed upon their descel.-
dantS.
As the year advances. trade opens with more
animation, while 4 spirit OF speculation is be-
ginning to manifcS; itself in many branches of
business. The Europa'S new failed TO dcpress
our cotton market. The sales continue 10 be
large at steady prices. Flour has gone up from
II to 81 cents per barrel this week. with free
sales on speculation. Wheat is also better
Indian corn, however, drags. Provisions are
withou; change Of moment in prices. Tobac'
co Of ii! kinds is firm, with moderate sales
Sterling Exchange rules steady 1T l0Sial99:.
Our imports are largely on the increase, ami
the government revenues ut this port are an.-
mentiug. The shipment Of specie last week,
amounted to $1,000 900. Money is in better
demand. and discount rates rather iirmer.
he duties on foreign impcrtationS received
at the Snh.Trca>ury yesterday. amounted 10
$4,000. 1t has now 4 balance Of about
Si,j0O, 00G.
The private letters from Europe, speak III
confidence of continued peace, for - time at
least. The Commercial advertisers" London
correspondent, thinks peace cannot endure
mich lonser, and hints, that husband France
understand each other, as far As Austria is con-
ccrncd. And that hostilitics in Italy may he
deferred until Russia cln get the $4,000, 900
loan she is seeking in London. The English
Cabinet have given on, in advance, that the
government wishes to BE- counted out in 4
continental war. If i, abstains, it will be the
first time in it, history. Russia owe, Austria
no good will, because she did not help her
against the Allies. in return for her aid in
putting down Hungary. .And England and
France don't like her, because she did not join
them acainS; Russia. Twelve months will pro-
badly make some important move on the
u~o,itjcal check board of the world.
T,r,u