The New York herald., 1879-08-03
AMERICAN INTERESTS ABROAD.

HOW WILL THEY PAY Us?-oUR BRITISH CoU-
SINS CONTINUING TO LAY AN OLD FASHIONED
FLArTrRING JUNCTION TO THEIR SOULS.
From the Pail Mall Gazette. July 22.l
AS the probability increases that all Western Eu-
rope will have to import largely from the United
States during the next twelvemonth there is . spec
uation as to the means of payment that will be
sorted to. When possible We may be sure, gold
will not be sent. and the experience of the past
couple Of years points to the employment of the
Stock Exchange securities. The supply of these.
however. is scarce. at least OF the first class.
But doubtless they will be used as largely pos
siblc, and the opinion seems to be that the
rency bonds OF tho better railways will come into
favor. Already there is more inquiry for these.
But there is another eide OF the ques-
ton, which does not seem to be suf-
hciently attended TO. II the demand for
American produce is great as is now expected.
prices must certainly rse and American agricultur
ists who have now enjoyed two exceedingly good
harvests in succession will be enriched by the pro-
cecds of third disposed of exceptionally favor
able terms. They will consequently have the means
of expenditure on the old scale. and will naturally
increase largely their purchases of English goods
This will directly stimulate English manufactures
and indirectly it will augment the means OF paying
for grain and mcatthat is to say, It will diminish
the margin to be paid for by either securities gold
The Board of Trade returns for showed that the
Americans are already increasing their purchases,
and under the circumstances now supposing
that they will certainly increase them still more.
How great influence this would exercise is appar-
ent the fact that brought out by the report
OF the Commissioners of Customs, the to the
United states between 1874 and 1878 fell of forty
eight per cent.
THE BRITISH MrSIsrER wAsHISoroS ON CHEAP
rnEIGnfs N rnis coUsrHY-ksGI-AsD oonoEp wirn
FOOD BY AMERICA.
Sir Edward Thornton has sent to the Foreign Office
ali important report on tho commerce OF the United
states. In some predatory obser rvations he says.
Tho only remark necessary this
trading position with the United States s the following
:During the ended juno 80 1873 the value IT
both brcadstns exported to the United King
disc tho United Kingdom into the Unitco
This short paragraph sums up tho present commercial
/ bearings of the countries. To England the great
agricultural country to find herself being graduay y
gotged with food from other lands than her
be very dshearcnng to her landowners aud farmers
In the world from this state of things Perhaps may bc
slight consolation 10 them TO Know that there
others small scale in position somewhat identical
their Tho landowners and farmers here. In the
Eastern and States suner from the great
competition against their interests and farming produc
larry in placing their products In foreign markets This
condition OF things arises from the low both by
rail and water from the Western and North estern
Sstes TO the Atlantic ports and from the development Of
the agricultural Interests of those states due TO their
practically limtablc capacity for agricultural produc