Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1870-01-08
WHOLE NO.as,oso.


=
The New York Financial Chroni-
Gle, In an article on the condition OF
business. after showing that tho msr.
camille failures which have recently
occurred have hssn no larger than
usual At this season Of the year. and
have almost entirely been owing TO
causes outside 81 legitimate business,
closes ~ follows: aitaeasqu
A fair survey Of The condition Of
tne country appears to Va to warrant
the expectation OF . steady, prosper
Qua business In 1870. The abundant
crops OF this year should certainly
lay the basis Of an improvement In
trade. Our grain crops have been
suoh A. to reduce the prices Of -four
TO about the figures Of ls0O. The
wool crop has been no abundant as TO
reduce the value OF that staple to
about ante-war prices The produo-
ton Of coal 10 80 ample that, In spits
OF artificial manipulation of the re-
tail market, the late high prices can
b no longer maintained, while the
decline In gold naturally contributes
to flower scale prices. We thus have
. condition OF affairs calculated 70
lower, by natural process, the GEN.
eral cost Of living; which supplies one
of the chief prerequisites to 4 red,,o.
tion In the scale Of wages, the hIrh
rates Of which are still tho bane 81
our industrial progress. CdlI -
These Tendencies toward . natural
decline In price, may not appear very
hattering toburface observers--indeed.
to the inverted vision Of some thew
a16rd the basis Of propheciea 81
disaster--but they are really the con.
dition precedent to Q sOunder condi.
tiOn Of industry and trade, and are
evidence OF . national gain IN pro.
duction over consumption, and Of
recovery Of stocks Of pro-
ducts In the various markets.
The great value Of the cotton crop
must prove an Important stimulus to
business. In another column we
show that the exports of cotton are
likely to realize $40, 900, 900 In gold;
and u may be further shown, upon
that basis, that the whole crop realize
for the South about $3.50, 06O, 200 in
gold. The immense value OF this one |
crop, far exceeding all precedent. NAV
be reasonably expected "a induce an
active business between
the North ard the South.
The West has been sOmewh at hack.
ward In its settlements with the
East, owing partly to the low prices
realised on Its crops, and partly To the |
holding back Of produce. Therp n.
however, still largo amount ofRrsfn
In the hands Of farmers, fully gusrna-
tying the ability Of that section TO |
meet fts engagements, and tn buy
moderately for the spring trade.
There Is reason to hope that Congress
may adopt some measures calculated |
to Tighten the public burdens upon
commerce. Some judicious modifi- |
cation In the tariff may apparently
be expected, especially In the wsy oil
the duties on the raw ma.
terial OF our manufactures. A par
tial alienation Of the internal revenue
taxes, especially of the onerous in
come tax, seems also to be quite
probable, the effects Of which upon
business would be Immediately adj
vautageous. iN ffhG3f
Upon the whole, then, II we NAV
not look upon 1870 with sanguiue ex-
pectations, neither may we view II |
with apprehension. II the prospect
holds out no great promise, neither l.
1t freighted with ANY special danger;
and, perhaps, the mercantile COM
munity need less to be cautioned than
encouraged. .1usNa 9Ht ~ ~