The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1879-09-06
LETTER.
Regular Correspondence

AONOON, IAu6uOO MSs|S1zs
The hope of a revipl bf CON
mercial prosperity wh1f
Gently been raised anst xhae4 ~
found expression il qI1!r.
ters, is. 80 far as the rse1t nd
the immedjate-future = coaDgrrl
I'D. doomed to Disappointment.
AT any rate a revival qf94rade
cannot possibly ensue lnposl 3 gspl
orally deficient Europeaia 1aIsee4e
In Great Britain, the teExe1<A1
now certain to be Que Of t8esotAt
ou record. not only in rsslleet o
corn, but also in the casesAOf hay,
roots, aud other feeding crops,
hops aud potatoes. In France,
The wheat crop is expected to be
only tw0.thirds of al average,
and the hay has been spoilt to a
great extent by wet weather. All
other continental countries will
produce a crop more or less below
average, including RO"mania,
With respect to which reports a
few weeks back. were very san
puine. Only on thr American
continent is IA good crop Of wheat
expected. In the Australian rci-
pniss the harvest has been one OF
the worst ever known, aud frOl1
India | hear no very favorable re
ports. The loss in great corn pro
ducing countries alone will
amount to hundreds Of millions
OF pounds, and it il y dead loss
which nothing can compensate
for, A commercial crisis, which
has resulted from over production
rasl, speculation, and inflated
credit system, or extravaganza OF
living, may be tided over by the
reversal Of the conditions which
produced it, though thousands of
Individuals may be ruined in the
mean time but u general def
Cheney in the natural productions
of the earth is q loss tor ever,
and nothing can even partially
mmpensats for it, unless it be a
consequent alteration in the con.
ditiOns under which agriculture
il carried on, which may in the
future be for the worlds benefit.
1t il impossible to estimate
with any approach to accuracy the
loss which the world will suffer
from a deficient harvest, Even to
take the United Kingdom alone,
nothing better than Il good guess
ut the loss San be given. Accord
ing to Mr.. Card, the average val
ue Of agricultural produce, exc|u
give of hay, straw, wool, poultry
and gigs, is 80, 237, 800 |. Now
~ the crops which arr consumed
by live stock, and 60 to produce
meat anA dairy produce, are quite
~ far short of the usual yield as
the corn c:0ps are, it is probably
u yery favorable estimate TO state
the total agricultural produce at
20 per cent, below average. AL
lowing then. . comparatively
small sum for the commodities
not Included in Mr.. Caird's esti-
mate, aud dividing the amount by
dye We get at . loss of $50, 100000
j think this il much below what
The agricultural loss tor the cur
snt year will be ; bat it is easy
Asee that, it other European
cAntries are losers to anything
liEAa proportionate extent, d gen
eral revival Ut prosperity is at
plesHt put Oi the question.
LIZ Alese days nj gigantic mann
faclurAg aud commercial sys>
trms pNople are apt to forgettliat,
after all the soil il the fountain
head Ut III wealth, aud that if tho
spring islow .hen general impov
eri lament must inevitably result,
The generality Of people Tail TO
uaA.x r~. ~. -.