Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1873-10-14
A HOPEFUL VIEW OF THE sITJA-,
TL0N,

"a
) The New York Herald Of the lat con-.
tanned an editorial article on ..the crops, the
financial situation and the prospect" whichis
so full of hope, and atlthe came time SO
reasonable in its conclusions, that We give the
following extract editorial prominence. Saws
the Herald:
THE Department of grculture at Wash.
ington puts forth9a satisfactory Statement of
the products of the country just at the time.
calculated to have a good effect upon our
troubled financial situation. The amount of
products of the soil which ne have to spare
for foreign markets and the probable demand
there viii be forithem, in consequence of the
short crops in Europe, as is now ascertained,
must have influence in preventing excitement
and apprehension like that which prevailed
during the last fortnight In fact, the calm
We see at the present time arises IN q erea.
measure from the contemplation Of our crop
resources, the demand for them and the BAL
snce of trade being much more in our favor
than for long time past.
"The average condition Of the whea. crop
for the entire country is ninety Eve per cent,
one hundred per cent being full crop gen.
orally, and rarely obtained. Such, then. il
the trustworthy and hatteriDg pospect. We
have no means at hand of determinins what
proportion of this crop will be required for
home consumption, but there can be no doubt
that the surplus will amount to hundreds of
millions of bushels. Taking into account the
crops of other cereals and corn we could
probably supply bread food for thirty million.
or more of Europeans. The yield per acre is,
on the whole, about the same as last wear. but
the area under cultivation was much larger.
While We have this superabundance ready for
a foreign market nearly all the great and
populous countries of Europe have short
crops, and will need breadstuffs from abroad
to feed the people. England particularly, it
is reported, will require little short of hum
dred millions of bushels of grain, and France
nearly half as much. Germany. too, it is
said, will be short. Even Russia, which is
great grain producing country, and generally
a rival OF the United States in supplying the
markets of the world. has this year short
crop. But making every allowance for over
sangulne expectations on this side or exage>
rations of tho probable deficiency abroad,
there are facts enough to show that the de-
mand for our grain must be unusually large.
"Supposing, then, an excess of hundred
millions of bushels. or the equivalent in -four,
be exported this year, that would give us
money or credit to the amount of hundred
and thirty millions of dollars OF more If the
present quotations of the New York market
should be sustained. What the increased de-
mand for other cereals would be we cannot
say, but there will be, undoubtedly, CORES.
ponding demand for them The cotton cron.
from the latest and best reports, will be much
larger than last year. There will be. We be-
lieye. six to seven hundred thousand bales
more. At least we NAV reckon unon near
four millions of bales. The crop ought to
realize three hundred millions of dollars
The largest portion Of this goes abroad
Though the cotton crop is in manner dis
counted abroad, and in our commercial and
financial affairs with Europe-that is, by
European exports to this country being pre,
dictated upon it, still an unusually large crop
at good prices, in any year, gives us greater
means to pay our debts, an easier money
market and more favorable balance of trade.
The prospect, then, of great and unusually
remunerative cotton crop must help consid,
erably, in addition to the expected large ex>
port Of breadstuffs, to withhold the exporta-
ton of gold. to make money easy and to turn
the balance of trade moro in our favor than it
has been since the beginning OF our late
civil war"
THE EVANGELICAL ALLIANCE,
On the I'd instant there assembled in the