The dollar weekly bulletin. [volume] (Maysville, Ky.) 1862-1864, 1864-03-10

we are kluuly peIultsoN W
the following letter from Europe, addressed
10 a gentleman of this city. 1t contains
mary items of interest to all, and to our
Tobacco raisers particularly;
ANrwERP, BELGIUM, Feb. 1st, 1864.
Mn Dear Friend:
In compliance with request, and accord
ing to premise, when in Cincinnati last,
now devote part of the afternoon in writing
you letter and hoping with the compli-
ments of the New Year, that it may reach
you enjoying good health. Our Tobacco
market has been very active since the news
from the other side, of the contemplated tax
duty; and rallied very much from the stag
mated state that had existed in the month OF
December. The high rates of Exchange
also, has created speculative demand for
sound leaf, and there is now considerable in
uuiry both for speculative and COL sum ption,
but holders are holding on for the present
to await and see what action Congress will
take in the proposed duty. The Tobacco
merchants throughout Europe are all wait
ing, with much anxiety, what per cent Con-
gress is going to levy on leaf; as Mr.. Chase
in his proposition did not m axe his purpose
quite clear; whether on export, or home
consumption; if on the former, it will be
detriment to our growers as far as Belgium
and Holland are concerned, in as much as
the export of our leaf to the above named
countries would almost entirely cease
Now let me speak for Belgium and Holland.
Reasoning will tell US, if it was possible to
pei the two named Kingdoms to use our
Tobacco, notwithstanding its price would be
so much advanced, the proposed tax might
do, and add greatly to the income of our
treasury. But experience has shown me
since have been on this side, that should
the cost of the staple be increased by the ill.,
tended tax, our export of Tobacco would
dwindls down to a mere nothing. As a
criterion. Suppose Belgium would tax
Petroleum Oil, of which there has been sold
IN this city, In the year Just closed, four
million, five hundred eighty thousand GAL
Ions, because our government levies a duty
On the same. The consequeu CO would be
that they would stop using it, and leave US
to consume it ourselves, while they on &C
count of its high price would turn their at
tehtlon IN growing Tspe-seed as a substitute.
It is perhaps not generally known amongst
us, that Germany grows as much Tobacco
as we do, and now since our disturbance at
home, France grows Tobacco 10 Algiers, to
such an extent, that am informed the yield
of the crop of last year is equal to 10000
hhds. Kentucky, and so with Holland, she
has encouraged it in all Of her provinces and
colonies. l am without an exact data to
give amounts in other places, of last years
crops. but their importance may be known
that Hungary, alone, raised last year crop
equal to large Ohio crop. On my visit to
the Austrian Empire last Summer, | pass ed
a few days in Hungary. and while on my
way from Vienna to Raab, and Raab to
PresbuTg, the valleys. hills aud dales, ex-
posed to view miniature Tobacco plants, and
so in proportion along the Railway from
Bohemia, Saxony around to Baden and
Bavaria, and likewise SO in Manila and
Java. The sales of the latter, Hollands
possession, in Amsterdam alone were &c, 900
bales last year, with advices to the Governor
of Java to urge further planting. Regard
ing the Influence therefore, which a tax on
our Tobacco would have on this side, it can
not be doubted, that the proposed tax and
the increase in the price of the same, would
be equivalent to prohibition. The stock
in Europe, including the Liverpool market,
is at the present period IS, 900 hhds., which
exceeds the stocks held here in 1859, 1860
and 1861, when the large crops of Virginia
were vet accessible. This shows conclu-
siyely that the consumption for our Tobac-
co is slow, and now does not need artificial
measures to kill it off in a galloping con-
sumption. Therefore / say, and believe,
the new duty On one side, will be an evil,
on the other a gain. The growers will be
the loser, and those who have specialized in
the same, and the bolders on this would be
the gainersT and the Raisers throughout Eu-
rope would be glad to be without our COM
petition. Such is my opinion on the pro-
posed tax to be levied on our Leaf Tobacco
You may probably answer me, the high
prices will induce our farm ers to increase
their crops, if the high prices will do so, my
reasoning theE will apply with a double
fold force, when / say the growers on this
side will do the same in raising a substitute.
In political news, affairs throughout Eu-
rope look rather stormy. In France, Ma
poleon has failed in his Peace Congress.
Russia wants to know what be intends to do
before she goes into an arrangement. His
Mexican question is unpopular. The Hol-
stein question ticklish one, and likely to
lead to war;. The German States are on the
brink Of an outbreak with Denmark, and no
one can forsee what complications may
arise from such a struggle. Austria .sees
Hungary upon the point OF great outburst.
Even England has now her threatened war
In India the people have once more risen
and have successfully combatted the Eng
lish troops. In Poland the revolution has
outlive6 the strongest arms of the Russian
government, and yet bids fair to keep the
Gar in hot water a while yet. There can
be no doubt that Napoleon contem plates a
war in the Spring, were it only to save his
almost lost prestige and power, for Ma
poleon must ever be in a conflict, a nd never
at loss to fud a pretext. At the present
writing all Germany is making demonstra-
tious in favor of the annexation of Schleswig
Holstein. Prussia without taking positive
ground, has ordered 10000 men to hold
themselves in readiness. The Teutooic
mind can digest nothing else at the present
time, aad knowing ones in Antwerp are wont
TO say that the Spring will SEQ the begin