New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-10-11
Indirectly to supply large capital for the use of the United

DO in small land engraved psper differing lit
noie say for sams Of thousand, one hundred hfty
twenty, ten even 1--WE dollars. .
lying to your credit. would in very many Re
RED in. (see how the thing works In England
Let reports be medo annually to Cor OF the amount 30
uncaed Tor after definite time times; end when Il shall
he found that lse ann Is always outstanding congress
might sound aud taLs discretion authorize the Investment
Of half such amount in such evidence Of National Debt as
cond readily be sold again to meet any future possible ensng
The smoun called for in England is twenty millions
II would be some time before bi. species currency would
sup-rsedo bank notes ten unconstitutional aud dangerous
currency be-. gradually and perhsps within ten yesIs
would grew 10 hundred millions Of dollars and save the
Ibisis subjec, well uaiured In my mind pres,ed Z
upon President Jtcsson who might have made the United
States Bank Instrument. for the introduction Of such
national currency en-, Sir with great re'Reei rP4r 2oe
The Dry Goods trade for the week has not been more
satisfactory than the one previously reported There
is a prevailing inactivity which cannot be broken
without revolution in the current ideas Of the trade
Commission merchants and manufacturers do not in
ve trade and the jobbe not disposed to ask for
credit and for cash to make purchases it Is out Of
the question, for il is required to meet their maturing
obligations Hence, in absence of positive demand,
the street presents O dull appearance. In word,
the trade in Domestic Goods cannot be brisk until
new system Of credit is adopted and confidence estab
Fshed, which viii result in the formation of new
firms, with fresh capital. II is idle TO expect the
manufacturers will send their goods to the commits
sion.houses for advances in paper, which they are
obliged TO protect after the goods are sold. The
whole system will be broken up. The manufacturer
should know the party to whom his goods are soid
and should decide himself as 10 the responsibility OF
the house. unless the agent prefers to give his check
..,l tIn,1 faIfl
fdence cannot be preserved If secrecy !"
shrouded about the transaction. The DRY
Goods Commission business is supposed TO be
profitable only when the opposite course is pursued
for IL prevents The manufacturer from knowing that
which is most important TO him, and keeps him de-
pendent upon his agents, to whom he furnishes the
capital for doing large business. Let our comnls'
sion merchants in their weekly or monthly sketches
state the name Of the party to whom the goods are
sold and have sufficient confidence in the manuiae-
turer that lie will not interfere by direct sales
with their business, and an approximation may be
made 10 fair dealing. IL is a notorious fact that
those manufacturers who require business paper
with ndorseuent, in settlement Of accounts, do not
get any paper available in the street but precisely
that class which cannot be used, and when the panic
comes il is worthless; and too often, as we have
seen, the agent succumbs and the manufacturer en-
tails the oss. II is scarcely to DO credited that thls
is the policy Of 90 large and important an interest
yet il Il nevertheless true. We have no hesitation
in saying that all oithe per cent guarantee hoDses
adopt this cuGtom 90 a rule, and conceal from the
msnufacturerthe disposition made Of bis GOODS
The manufacturers should as far as possible sell
their goods direct for cash, and ignore the middle
nen-yet there is 90 little concert Of action among
manufacturers that they are al all times ealing with
out chart or compass as they have no means Of as
pertaining Il quantity Of goods on hand al any given
time, but are governed In their views by the capri
cious movements Of the market, which are rendered
thus unsteady by their own cratic operations. III
their good, are in brink demand their notions of pice
become exorbi,ant and the sales and consumption of
tho article become restricted, while, on the other
hand II the goods are slack Of sale, perfect ,tam-
pede in prices is SEEN although the stocks may in the
aggregate be small aud not equal TO the requirements
] OF the ,eason. The cotton dealers have no diff
Guilty Ia arriving at fair estimate Of the stocks
\ held throughout the world. The sugar opera.
tor. base their speculatons on accurate informa.
ton, and il is not too much TO presume that,
with little effort, all Of our manufacturers could
be well informed relative TO the stocks Of domestic
goods in the market. The sales Of goods at Man
chester arc 80 conducted that every one engaged in
manufacturing lie well posted, and can therefore
act with confidence, which relieves their pursuits
from those fluctuations which embarrass the Ameri.
can manufacturer. The remedy for this evil is in
the hands of the manufacturers. Let them make
their goods on positive orders, and then only when
remuneniye prices are offered. The idea of making
goods, especially at the present time, without posi-
tive sales, is propo.terous.
The great uncertainty Of the future prosperity Of
the manufacturing interests seems TO be appreciated
BY the foreign manufacturers Is noticed in tho for
eipn adyices M follows:
The sales have been very extensive amounting 10 1917
bale. daring this week Or seGv: Of the ese STOCK
nlstoT, and bale. by VIpOre at price, higher the,
have been current the last ydrs ysa'' sirOns i'm
pie,sni evn w,r 10 Am.Iica tales place. AmerIo.a cotton
S advance to A. per pound, which could have bean pur
s.;.s nh S.h Sf 10. o S H. Per
0,s Of the and .aggos1z cur own spinner. were Uni
nchir Of the large and increasing requirements fo export
eonssquert upon the inpIo5,bisJ q sry e.y shipments
from America 20 Russia. Spain. frahce, ard Ger
many or lie tncIe..nE demands from American srinLes
Lbe 1908 bales Of American cotton have hi. week beer
hIpped 10 and Boston There need not. therefore
b. y surpse the alarm that has been created ,nd a. the
s. now sntslsned to supply Of cotton for Che mms
a,is trte inasnueh the stock In Liverpool to day
ony go bale. American and Of all kinds ais roo bales
sssn 7:s $50 ALasrcs aud total Of sSJ2'O bses 81 The
AGsr this period last year aoeOo American and 7oo0C
bale, Of Al. knds were received. and Notwithstanding all th
large supply from exporters demsnd OF osDWS
and OF ell kinds Of $50 reduced the stock Tho
3i.t DECEMBER 1860 10 10000 American ard OF al tind'
$4,000 bales There IL American cotton al sea fol
III, country and only 10000 sus: that adding these 70
present sock and nppoInE spinne 70 lake one
third from 60 the cioss Of tie year. and exporter
hall M
entire exhsuon Of the stocks here the 9lr Of Deeemb-
viii therefore be apparent how essential
! Of Il