The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-06-08

These figures, given by the London Shipping
Gazette. show certainly a very startling fall
ing off in the export trade of one country
and the import trade of the other. But it is
only the beginning of the great commercial
revolution at hand. There will be additional
causes operating to diminish the European ex-
ports to the Northern markets. The North
will have no cotton crop to send forward on
behalf of the South. They will have nothing
10 ship except their grain, and while the wal
lasts their armies will require so much of that,
and their laborers will be SO diminished by
enlistment, that they will have little of bread
and provision stufs to spare for expectation.
The MORRILL, act will very strongly operate
TO check what importations they would other
wise make on the basis of their grain exports.
During the war they are very likely to have a
quarrel with the expoT ting countries of Eu-
rope on their hands; for these countries will
he in bad humor with them about the block
ade of Southern ports, which curtails their re-
ceipts of cotton and checks their export of
goods to the South in payment for it, encour-
,ged, as that expectation will be, by our low
war tariff. Indeed, We see but very small
basis of trade between the North and Europe
lett, after settlement is once made for last
years cotton and grain, so long as the wal
LISTS, and very little when it shall have ended
1t is very apparent from the debates in Par
lament that the British people see this thins
| clearly. The North has but little which Eu
| rope wants; and that could only be paid fol
with specie, in consequence of the uncon
scionable tariff levied upon goods sent baci
in payment. Northern trade is of no con
sequence to Europe; while Northern manufac
lures and shipping are dangerous rivals 0
those great interests in Europe.
On the other hand the South has what Eu
rope very badly needs and must have; she ha
three or four millions of bales of cotton. Sh
has other great staples and many other pro
duets of field and forest. which, if not so es
scntial to Europe, she would gladly buy wit
her manufactures. The South wants thes
manufactures, and is willing to let them in OF
q mere nominal tariff. She would requir
only enough specie to support her bankip
AID financial systems; ard for all the rest G
the purchase price of her staples would tax
goods at cheap European prices and On 10y
tariff. The South will have large surplus Q
provision stuffs to spare, and Europe will b
glad to get them in exchange for goods an
wares admitted at low rate of duty
The South exports in peace, including VIVA
she sent North, four hundred millions of dol
lars worth of products per annum. This en-
sures market for at least two hundred an
fifty or three hundred millions Of dollars wort
Of foreign goods. Europe has this mark,
open to Der; she sees our low rates Of duty
: and she Graves our cotton. Turning from U
to the North, she sees that that section hi
nothing but provisions to SELL and sees i
trade saddled by tariff which prevents
from taking anything but specie in return.
With all the prejudice against SLAYER
and the South that has been instilled into ii
European mind with all the bias which ST
has been taught to feel towards the South
il is impossible for Europe not to see whel
her interest lies. 1t is this plain state of ii
case that produces that evident disposition
J lean to our side Of the quarrel, which is mai
I ifested in the debates of Parliament, at " bic
tho Northern press is SO wrathful.