Probable Repudiation by England of Abolitionism. my estimate is, then there would be the extravagant stock in Europe and America of 191,000 bales on 1st Jan. 1854. To quibble about this matter will be ridiculous, as in any intelligent view it is presented, it is very transparent that the tendency to increased consumption for 1853, must be checked by an insufficient supply. What are our grounds supporting the conclusion, that the consumption of 1853 would be greater than 1552, were it not checked by this insufficiency of the raw material? First, the peace of the world and the total absence of any exciting political questions any where. As, for example, the late decision by Parliament to maintain in Great Britain unrestricted trade, lops off all suspense there. Again, the establishment of the empire of France by unsurpassed unanimity, confirms not only the progress of prosperity and quiet in France, but secures it in all Europe. Further, the nomination by the Southern Rights Party of this country of Gen. Pierce for the office of President, and his unexampled majorities in the South, which, contrary to the apprehensions of some of his friends South, were quite as fully maintained in the North, having been elected with the dissenting voices of only four states, give confidence and encouragement to the people of this country, that the fanatics of the North are stripped of their poison, and that the admonition of Mr. Winthrop in Congress, that the South should prepare for emancipation, was the struggling and flickering twilight of abolition. The establishment and confirmation of repose among the people of the South produced by this election, I regard of momentous influence at the present time on the question of prices for our staple. 289 Can there be a question for a moment of what will be the effect of this accession of the precious metals upon the price of a material of this nature? A material which cannot be supplied at any price, in a ratio commensurate with its consumption-and in the face of those multiplied accessions of gold from year to year, I consider, in the present position of all the great interests which are connected with cotton, that its consumption would not be checked at all, if prices for this crop were to go to 12 cents, and that prices will advance this year and continue good, I have no doubt. Permit me to say, in explanation of my allusion to abolitionism, what I consider to be the position now of the slavery question. Seeing the vigilant and constant inquiry the British Government is making as to the effects of emancipation in the South American and West India Colonies, and of slavery as it exists, and observing the pulsations of the English people respecting it, I am with other reasons conducted to this conclusion. Its enunciation may surprise manynay, all; but I venture the assertion that it will be so: That is, that the English Government will openly and practically repudiate the false position they took and now occupy in reference to it. A glance at the influence which effected emancipation in the English West Indies, and which has been outlived by time and experience, will detain us for a moment. The East India Company', anticipating the value of the productions of the West Indies and the Isthmus, for the preservation of their very distant possessions in the East, resolved on emancipation in the English West Indies. They promul gated arguments, that emancipation, The fine harvests of Great Britain and while it would cause an additional dethe continent-the superabundance of mand for the labor of the white, would money-the universally prosperous and at the same time increase the producprogressive spirit of trade-concur to sup- tions of the country by the application port prices. But we have only one more of this intelligent labor, and that the point we need to add. Besides the trade of the mother country would be quantities of gold received in this country and Europe from California and Australia, produced there previous to 1st August last, it is estimated, by competent authorities, that the gold of California will reach, in the 12 months, from 1st August, $100,000,000; of Australia, for the same time, $200,000,000-making, for the 12 months, from the 1st of August last, $300,000,000. benefited, as the whites would consume more than the blacks; that the productions, being augmented in quantity, would be furnished to the mother country much lower than as it was; and that the treatment of slaves was horrible; and for miscellaneous and promiscuous reasons, emancipation ought to take place. The people of England have already experienced that all these arguments were false. And the pressure of the cotton savage race, and place them in a posiquestion will cause them ere long to de- tion to benefit themselves and the great clare the trade in negroes to be as free family of man. There is an apathy on and unrestricted as the trade now is in the subject of slavery elsewhere than anything else. Will they consent, in this amongst a portion of the English and a enlightened age, that the very Eden of portion of the people of the North. HowAmerica shall shed its uncultivated ever, with the opposition to it, in Engfruits in desert wilds? Assuredly, as land removed, the trade will be resuredly, not! They will themselves say, opened-and her citizens will largely that it will be as wise, as humane, to and fully participate in it, in all its ramireclaim from the wilds of Africa its fications. ART. XI.-COMMERCIAL PROGRESS. COMMERCE OF NEW-YORK-IMMIGRATION INTO NEW-YORK, 1849-1852-BRITISH COMMERCEBRITISH AND AMERICAN TRADE COMPARED-LOSSES ON THE LAKES, LAKE TRADE, ETC. portion of the dutiable imports have been made up of articles of luxury, which pay a high rate of duty. The amount of cash duties received at New-York the past year, $31,332,737; in 1851, $31,081,263; in 1850, $28,047, 439. COMMERCE OF NEW-YORK.-The NewYork papers of January the first, contain an immense mass of statistical information in regard to the commerce and trade of that city, from which we make the subjoined abstract, and will hereafter give the full statistics. The total imports for 1852 amounted The total exports for the year were to $129,849,619, showing a decline of $71,523,609, of which $25.096,255 were $1,511,959 on the imports of the previous in specie! The total exports of 1851 year. The amount of specie imported amounted to $87,653,849, of which $43,was $2,408,225, against $2,049,543 in 743,209 were in specie!! From this it 1851, and $16,127,939 in 1850. The great- will be seen that the excess of specie est excess of importations is on dry goods exported last year was $18,640,954, and -it being over three millions of dollars. that the shipments of both years were The total import of dry goods for the greatly to the advantage of foreign mayear, was $61,654,144, against 62,846,- nufacturers. 731 for 1851. The import of woolen goods for 1852 was over sixteen millions of dollars; of cotton goods over eleven millions; of silk goods twenty-two millions; of flax goods seven millions. The Journal of Commerce, from which we glean the above facts, has also the following table showing the values of some of the leading items of imports for the last year: The Journal of Commerce, commenting on these facts, says: It will be seen that the falling off is altogether in specie, and that exclusive of this item, the exports have increased $2,517,714, although they are less than the very large amount reached in 1850. We annex a summary of the exports of specie and merchandise for three years: 5,249,640 1852. 2,711,236 1851. Lead Liquors Molasses. Wines R. R. Iron Steel.. Sugar 3,005,862 1850..... 9,982,948.... 50,136,300.... 60,119,248 1,248,960 1,923,929 The specie exported is as much do 1,645,356 955,880 mestic produce, as wheat or corn, and 3,580,838 if more of it had been shipped, our home 1,083,554 market would be in a more healthy con8,926,690 dition. In this connection, we present 6,398,104 703,387 a comparison of the quantity of some of 3,015,320 the leading articles of produce shipped Watches 2,183,047 from this port for the last two years, the The revenue from cash duties receiv- total value of which is included above ed at that port, show that a larger pro- under the head of merchandise. The Tea Tobacco. Tin Immigration for 1852-Value of British Produce. past: Nations. Germany France.. 1849. 1850. 1851. 291 1852. .112,587..116,542..163,256..117,537 55,705.. 45,407.. 69,883..118,126 28,321.. 28,125.. 28,551.. 31,275 8,840.. 6,771.. 7,302.. 7,640 shipments of flour have increased about giving a comparative view of the immi100,000 bbls., while the exports of wheat gration at this port during the four years have been doubled. The shipments of corn have continued to decline for the last three years. Many other items of Ireland interest will be found in the comparison. There were exported from New-York Wales in 1852, 336,679 bales of cotton against Spain..... 289,645 bales the previous year; and Switzerland 26,113 tierces rice against 29,100. The exports of domestic cotton goods amounted to 54,692 packages against 24,006 in 1849, showing a heavy increase. The amount of gold dust entered from California for the year is $37,363,569, which is much less than was reported at the mint. The total number of steamships which arrived during the year was 206. Ships 956, barks 860, brigs 1253, galliots 2, schooners 544, yachts 1. Total 3,822. The number of schooners reported by Capt. Lunt of the Sandy Hook lightship, as having passed in sight of that ship, inward bound, is 1132. Holland. Sweden. Italy. West Indies Sardinia.. 1,782.. 1,520.. 2,189.. 2,531 2,683.. 3,398.. 6,064.. 8,718 214.. 257.. 278.. 450 Total.... South America.. .230,608..212,896..239,601..305,504 In a late number of the Economist, edited by that able commercial writer, Thomas P. Kettell, of New-York, we find an admirable paper upon the growth of British trade. We extract the follow IMMIGRATION FOR THE YEAR 1852.- DECLARED VALUE OF BRITISH PRODUCE EXPORTED TO DIFFERENT PARTS OF THE WORLD. Russia. 1836. 1851. £1,705,954.... 2,672,214.... 1,191,565.... 1,740,433.... 1,885,953.... 1,289,704 2,082,536... 1,461,036... 632,964 839,276 1,099,490.. 984,501 579,811. 390,744.... 602,688.. 1,591,381.... 3,193,939.... 2,028,463 Total, North of Europe £14,693,580....11,680,906.... 7,320,654....11,570,342....16,330,416.. .16,433,174 3,249,356.... 1,668,130.... 1,056,589.... 1,191,676.... 1,012,764.... 1,150,232 3,560,379.. 626,194. 631,130.. 476,446.. 377,168.. 1,065,320 2,328,792.. 2,441,958.... 2,490,376... 2,886,466.. 2,494,197.. 3,921,025 153,903.... 551,792. 888,654.... 1,762,441... 1,489,826.... 2,441,951 ..10,004,399. .15,469,312....14,770,097....22,346,698 7,320,654.11,570,542....16,830,416. .16,433,174 5,066,749... 6,317,029.. 5,373,955. 8,578,528 6,482,553.... 7,738,420....14,772,570....19,937,287....10,404,555....27,091,322 £45,494,219........36,424,652....37,164,372....53,293,979....47,381,023....74,449-712 COMPARATIYE GROWTH OF BRITISH AND AMERICAN TRADE. EXPORTS OF GREAT BRITAIN TO CHIEF COUNTRIES, AND OF THE UNITED STATES TO THE SAME. Losses on the Lakes and Western Rivers-Trade, &c. 293 LOSSES ON THE LAKES AND ON WEST- two columns of details of marine losses ERN RIVERS LAKE TRADE, ETC.-Losses on the Lakes during the year 1852, of on the Lakes in 1852.-The Buffalo Morn- which the following is a recapitulaing Express, of a recent date, contains tion: Of the two hundred and fifty-nine disasters here detailed, seven occurred in the month of April, nineteen in May, twenty-four in June, fifteen in July, sixteen in August, twenty-one in September, twenty-seven in October, eightyfive in November, (55 in one gale of the 11th and 12th,) and fifteen in December. Six steamers, seven propellers, and thirty-five sail vessels, have gone out of existence entirely. In many instances the amount of losses as above stated have been matters of estimate, as many must necessarily be; but much pains and care have been taken to procure, in each case, the opinion of competent men who were most familiar with the circumstances. Regarding the loss of life by the steamer Atlantic, there are various opinions-her agents and proprietors contending it not to exceed one hundred and fifty, while many who were somewhat familiar with the circumstances, set it as high as three hundred, and some even higher. The loss of property is large, being some $260,000 greater than any previous 800 78,020 78,820 24,000 24,000 year. The loss of life is also large. Capt. R. puts it at 296, which is probably considerably under the actual number. Many persons, who were competent to judge, put the number lost on the Atlan tic as high as 300. The statement will be found of great interest to all those engaged in commercial transactions, and will be found more accurate than any previous statement. The foreign commerce of our Lake ports, says the North American, is of much more importance than is generally supposed. Of course it is the result of a growing intercourse with the Canadian provinces; but were the navigation of the St. Lawrence opened to our commerce, it is an ascertained fact that the Lake ports are ready and eager to carry on a direct commerce with Europe. In illustration of the importance already acquired by the foreign trade of these ports, the Sandusky Register compiles from the United States Treasury documents the following statement of the amount of duties received for the years ending July 1st: |