Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1869-07-20

From The Tribune.
A Surplus OF Food.


on all hands. The low temperature of th
Spring months was highly favorable 70
wheat, and though corn grew slowly, still
now that the heat'of Summer has come, i
is well prepared fer rapid growth. Tht
breadth, not only Of this, but of the small
grains, is represented as larger in proper
tion than ever was spread beneath the
Aperican skies. In addition, fruit anc
vegetables of all kinds are also in full
supply. The great staple of the South
and Of the world, Cotton, the King, i:
likely to be in excess of last years pro.
ducticn; and we do not hesitate to proph
esy that the yield will not be less than
/ 100000 bales.
1t is true that casualties by storms and
floods, in some sections, and exhauste !
soils in others, and ravagcs Of insects, in
still others, mock the husbandman'S hopes,
but the percentage to be substracted from
the grand total cannot be large, and un-
less some event, not likely now to occur,
but of course impossible to avert, shall
bcfall, the amount Of human food produced
the present year is likely to be greater
per capita, not only through the interior,
but in all densely populated regions, than
it has ever been among any civilized peo.
pie. Abundance is supposed to signify
cheapness, and with the prospect of cheap
ness, and with the prospect Of cheap bread
Immediately before US, there are various
speculations as to what will be the result
with respect to prices Of Labor, Of Gold,
and Of Manufactured Products.
On the one hand, we are told that a
plethora in food portends stagnation in
business aid in all kinds of industry; that
prices and relative values will be unsettled
and general confusion and uncertainty
prevail. Upon agricultural prosperity is
founded The prosperity Of every other in
tarest; hence, when a standard Of values
of this leading pursuit is depressed, cor
responding depression is felt elsewhere !;
but not until agriculture has suffered, and
not until 1t is too late to be compensated
Tor by wel-known laws. Agricultural
distress always retracts upon other inter-
ests, and it is predicted that the final re-
sult,will be financial disorganization and
general ruin Of business, condition de-
fned by the term "crisis," such as was
witnessed Oh the several occasions within
the memory Of all men, when crops were
very abundant and prices low. On the
other hand, we are told that what was
true when our population was only 25,-
600, 600, when our manufactures were
limited, and when our importation of ar
ticles of prime necessity was large cannot
be true now that our population is 81 ,OOO,-
600, that our manufactures are increased
immensely, and springing up on maay be-
side -Enganl streams, now that We
have not only ceased to import many ar
ticics of necessity, but are so skilled AMI
so powerful by means Of machinery that
we have become exporters in this respect,
and can defy competition. With such
new conditions wy are prepared to pay
for larger amou,t of food than formerly,
and that though prices may decline they
cannot sink suddeIly, nor before domestic
exchanges react il favor of the producer;
and, beside, we have reached a point in
enterprise, skill, AID all endeavor. 49,
-Fvn la y
supplies Of fooe, topnlargc our activities
and at once to take up and absorb what
ever surplus increased agricultural skill,
a favorable season, and the smiles OF a
Divine Providence Nay vouchsafe.
A collateral view taken, is that the
yastness of our county, the great variety
and extent of business carried on, as well
Dis the diversity Of climate, make, altogeth-
er, an inGuityof details Which, when met
by the demands of full activity, create a
balance that; for long time, at least,
will prevent the recurrence Of financial
crisis.
Whatever may be the truth contained
in these opposing declarations We need not
attempt to determine, for in few months
the actual demonstration will be presented
and it will be a most interesting and I'M
portant study to watch the gradual un'
folding Of the events Of the passing year
problemsof finance, ofsupply anu demand
Of reconstruction, Of education; OF vast III
proyements, and of individual and natlona
development, are involved to a degree
hitherto unusual in human history, and tn
uue philosopher who embraces IN his con
temptations whatever interests man. VII
watch even the rising shadows OF the CON
ing events with no uncommon solicitude.