The south-western. [volume] (Shreveport, La.) 1852-1870, 1861-03-27
american Crisis on the Commerce Of Europe


American Crisis on the Commerce of Europe
The chamber of commerce of Amens has again ad-
dressed the minister OF public works, demonstrating
against any abridgmen of the period for tue execution
Of the treaty with England:
The Amiens chamber of commerce would tail IN Its
duty if in present circumstances, 1t dd not SuDlnil
some new observations in the delay accorded Tor the
execution fixed in the treaty Of commerce With Lnganu
Among the reasons it alleged in its letter OF the Isl
of December last for the maintenance OF the perlod
the chamber pointed to the commercial and hnancla
crisis which pressed upon the United States and forced
the English manufacturers realise there, al reduced
prices the considerable quantity OF produce exported
to that country.
Since then the state of things is still more difficult
The political crisis which threatens America with OWL
war has aggravated the commercial crisis With pros
poets so formidable the English no longer
venture to export merchandise, winch, 8houId wal
break out would remain unsod, and would occasion
them enormous loss The consequence Is that goods
cucumber their warehouses; and it is easy to see what
the mass win be if the American market Which is the
greatest of their products VIII be lost te
English industry.
The English manufacturers comprehend this state o.
things and seek to avoid least to diminish them
Anumerous meeting Of the manufacturers and cotton
spiuners of Blackburn and the neighbornS districts a
been held and it was resolved that reduction OF hive
per cent. should take place the wages oil WorKmeh
Other manufacturing districts will doubtless follow the
example. But it is particularly to France that Tue
English manufacturers turn thereyes Ihey nope that
as the president of the chamber OF commerce oil Man
cheserlatey expressed it, the treaty carried into eec
before the fixed will furnish them with the means
OF supplying the deficit in their commerce, caused by
the complicated affairs the other side OF the Atlantic
! This declaration of the Manchester chamber OF com
merce has appeared to us very significant lt SHOWS
we think that the representatives OF British interests
continue to make the greatest efforts to obtain thu
abricgmeni Of the period fixed for the treaty taking
effect and it shows, moreover, what mass OF merchan
disc the English manufacturers expect to pour on GU
| home markets.
Its necessary pontout to you NJ. lie mnistre wha
purturbation such an invasion oproduce would occasion
in our factories at the very moment when they hemseye
feel TO certain extent the effect otthe American crisis
and the suiIerings which have been the consequence
England? What ruin and what misery will follow!
There seven months only between this and the Is
of October the term liked for the treaty as respects h
wooIen and cotton warns and tissues In the meantime
the questions which agate America may be paeicall,
resolved and the English may recover III that countr
the ordinary outlet for their product.
On the other hand our manufacturers, who now pro
cure with much difficulty in proportion to the multi
pcity of their demands the machinery they want vii
| have to complete their plans, prepare their workmen
and get ready for the struggle.
Permit us then, to demand most earnestly VI. II
ministre the maintenance of the term ending the LIST
October By its doirg So the government would ds5i
THE MEMBERS OF THE CHAMBER OF COMMERCE.
Tothis letter the mniserhas given the following reply
Gcntlemen-You revert, in your letter OF the lst o
December TO the subject of the maintenance OF the tern
fixed for its execution stipulated in the treaty OF com
merce with England and you expose tie deception 0
the manufacturers Of your district in consequence
the silence of the decree in the Moniteur Of the lst
relative to the dae of executing the tariffs. You per
sist in believing that premature application of tn
tariffs would be injurious to the principal factories
your district which employ fax, hemp wool, cotton &c
You add that the reasons in favor OF the MAINTENANCE
of the delay stipulated acquire additional force from tn
reduced tariff granted to England, and from the fnan
cia and commercial crisis prevailing in the Unite
States. The markets, you say are encountered witt
English fabrics which are sold at loss and yet tn
/ English manufacturers are forced to export to tha
country the superabundant product OF their factories
| which they cannot send elsewhere.
You infer from this situation of things the necess
of keeping to the terms specified for the execution
the treaty. Otherwise, and if the French market b.
permaurely opened to the mass Of merchandise, there
would follow a crisis the intense from the effort
of neghbOrs at any cost tG get rid of their super
abundant stock.
The question of the abridgment or the maintenance
of the period for the execution Of the Anglo-Frenc
treaty is the subject of anxious elaboration to the gov
ernmcnt, Who having before it the different opinion
expressed by the divers interests concerned, will see
for the solution conforrnabe to the general inter
ests OF the country But in what relates to the influx
as presumed by you, Of English products into GU
market have to observe that there exists betwee
| the various commercial countries such community o
interests that when crisis prevails it acts upon all
Now, when there is such crisis speculation stops short
buyers tmid, and consequently sales rare AM
difficult, when the temptation OF exceptional 10,
prices. It's not enough to send goods to country i
order to find market 1t IS necessary to lind buyers an
these are not always forthcoming when merchandise
offered. There is no reason then, to fear anything
from the influx of English products, for they woul
remain unsold in our markets. The gEnglis have to
much experience in commercial affairs not TO be pei
fectly competent 10 judge in such circumstances
Receive gentlemen, the assurance, &C. RoHER,
! Minister CT agriculture, commerce and public works