The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-01-27

1
apprehended evils The anxiety Of the Times no doubt
conscientously entertained Is entitled great respect
apprehended that the Yankees will never be able to
pay for what they import what we send them, and
| OF course "tarnaion smash" IL to be feared In
| thing, at least, every will agree with the Times
the people cannot 80 on very long and get into debt
without the means of paying their debts But peoples
thing and professions quite another Ma
tons generally sontive 60 be very large borrowers,
be comparatively few individuals Unlike the men,
bes OF other professions the merchant cannot be con-
He dresses, eats, drinks and keeps company, no
doubt, like other people, but in his business fashion
the quantity business done BE can withhold buying,
he can withhold selling, and nobody will be the wiser
he be eminent Of course his actions influence con.
he may dc just what he likes In trade with perfect i'm
puny. There an eternal average IN ali thngsn life,
in deaths births and marriages. in trade speculation and
income. It would, therefore, be foolish the Times
for granted that the merchants do know their
business, and that they do not know wien they
going because they in the presence Of eternal
reminders Like other people In trade they give credit
and not the community The same quantity Of monty
will be in the world whether cheats B. reuscs
pay C and apart from nres the same quantity
doubt the writer In the T might have consulted had
| he chosen, would have relieved his anyieIy for the
| salvation Of the commercial world. The declared
value OF exports 70 America during the first ton
months of the last three years respectively fol-
ows:-ln 1888, Eli 464677 In 1894 Ella 49S, $50; In
1885, sl4 462 $50 We it was tolerabs trade but BY
NO means good one. In 1853 the war was raging and
q
great extent prevailed; butyet exports in tina year
were heavier than those ia 1895 There was nothing
very alarming In thisin point of fact contained an
element of NORTH alton. There was disappointment
IT, for did not realize the reasonable antcpaons Of
the people Of Europe. The Yankees did not take from
on our calculation az much as they ought TO have
taken to ill up acknowledged vacuum Durirg The
two months os 1905 there MAS o. oou9 an IN fease
but not an excessive one The quantities were large
but the value was comparatively small, and neither
in qnantity nor in value did they much exceed what
they were prior to the war. The value OF our ex
that Auliflt
creased. il Is eac lated 4, forty millions Ii follows
third larger han they were in 1859 There now lie
before Messrs John swire sons table,, showing the
States during the latter half of the year. bu, except
in reference TO blankets and wooliens the declared
value is not given Even In wooens the increase dur
ing the six months Is more thanl doubled In 81 k Is
mere baga.ell. The exports OF plain cotton IN 1862 were
ten thousand yards In 1853 eleven thousand two hun
dred yards, IN lo0i eght thousand yarus 1865 forty
two thousand thrC hundred yards Made colored and
plain cottons increased in nearly the sans ratio; bit
then there was falling off In the export Of cotton ysns
and in the export o. lnens the quantity doubled.
The nceas however has to great extent been effected
decsysd Value Of our eYnos during The first ten months
Of each Of these years.
The declared value Of our exports to America during
the eleven months Of 1856 SIS 600 and he
imports from America Els, 100000. We have received
very little OF cereals from the United Suites have
received comparatively little cotton; but il there be,
the Americans assert two million bales Of cotton 10
come, we shall have TO send more money
increa in exports across the Atlantic No doubt
is required all human pursuts, and merchants
sactons are immensely large Thore has been panic
affecting America almost ten years ago. and the mer-
chants Q, Liverpool will no doubt BE- ready to tell the
ton infinitely {, tter crdi. Money no doubt IL dear
but money has been dear before now and got cheap
again. and the chances arein fact the certainty almost
is-thst II will soon be cheap again.
The proceedings previous TO the adjournment Of Con
gress suggest the possibility we fear the probability that
the Liverpool merchants who have exported manufac-
the United States will instead Of being ruined
met" says the Philadelphia Correspondent. Of the
Times, "the country anticipated, ana, as the event
scousts Sessn their 70 procure an ncreae
Of the tar OF duties upon imports Scarcely day of
the session passed without motions being made IN both
Houses looking 70 increased protection and 6naly, the
movement given shape bv tbs introduction into the
REn osdfss Bland Of resolution directing q bill 70 be
brought In increasing the duty on foreign goods and de-
article could compete with tho domestic one.
The resolution was passed. for without the sothern
and after the holidays an elaborate bill will DO
introduced, providing for prohibitory ds,ies upon
almost foreign ;rss . believe sss they SS
have q majority in both houses, and If the Sou1om
mbers sre no: counted this is highly probable They
therefore intend, the republican party Is rapidly
breaking up 70 press their bill through CONGRESS before
the souiheraers admitted and they hope By threats
and attsry 70 procure the fresidents signature Pro-
lection with very little exception has been tho connu
Gus policy Of the United states for the last seventy
In 1894 and got in his grave and his children
and grandchildren, athough continually nuIsed by tie
and bis friends under the present law, have for year
past been selling their goods al from ninety to one hum
s and zen "a, s .us Of
British manufactures in the warehouses OF New York,
Boston and New Orleans pending the passage q the law
things Of order rapidly right thomseves; for &C
cordipg great law which affects life, trade and war,
there special providence virtually in trade between
different countries Human interests suffice.
THE TINES ARGUMENTS REFurED.
10 IHu Enron OF rHs DAILY Nkws;17
The commercial community OF Liverpool have been
somewhat astonshsd by the articles In the London Times
OF yesterday and to-day In reference 70 our trade with
america The T%es nauses 10 ~ aos o.
goods for which, the writer by implication crts
the Americans canno, pay and 70 give p'sae'y 70 ms
the largo shipments Of cotton from the United States to
In Yesterday . Timer 7 find the following Gu
GARD this week has again brought no specie
Yet Is known that the shipments Of goods 70 America
during the past as well as the preceding months we're on
scale srrer than has been witnessed for mary years,
while the receipts Of produce thence have still been sn
shipments Of goods to America the past few months
been very large indeed but II s also equny true
that never any other period were the Americans less
indebted 70 this country sich goods for upon due
inquiry from most Of our principal firms connected with
as they have 5ssn sass been RENTED
for by sterling bills when sending the order From
whs, source Of 1for%siion Therefore does Cr s Tn ms
Americana
The T<s IL equally regards tho shipments Of
produce from the United States 70 this country. II takes
great pains show that, while We have been supplying
them with vast quantities Of goods which the exhausted
stocks In the Soathern States absolstely necesssatcd
their taxing they in return have been sending US but
small supplies OF produce and tina, shipments Of
gold this country have entirely ceased Your conten
parsry entirely ons from IT, calculations the shipments
| OF cotton made during the past three months from
America this country which have been 20 large that
thu present prices current they are estimated NJ fully
thirteen million pounds sssrnsa sufficient sun 70 er
haust the Bank Of England IL had TO DO all paid for In
| gold
| Perhaps the Tfns writer will, after placing thl3
fl3 Coo 600 20 the credit OF the American nation begin
toSthink the whole estimated value or our ship
the United states for the hrst eleven months
of 1855 than about Ge 600 600 the Ameri