Newspapers / Newbern Sentinel (New Bern, … / Dec. 22, 1821, edition 1 / Page 2
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t postponed. After considerable debate, ibe motion was prried 100 votes to 25. V'ednesday, Dec. 12. Several bills weie received from the Senate, which passed their first reading. Mr. Shaw presented the petition of James Clarlc, from Orange county, on the snbiect of licenced grog-shop ; and Mr. Harden, the petition of the heirs of Abram-Fordpraving for a military war rant ; both of which were referred. The following bill were presented: By Mr. M'Dowell, a bill to incorporate the llutneriora gncimurai society; Mr. iiaje, a Dill to amend an act pas sed in 1317, to compel owners of water- mills situate on public roads ; to keep in repair their bridges; Mr. h :sher from the committee to whom was referred the subject reported o bill to increase the salary of the Secre tary of State; j Wnich bills passed their first reading. Mr. Shaw introduced a resolution di Tecting the Treasurer to pay John Cra- ham and John Stockherd, ttit ir cxpeoses for attending as witnesses, at Wake Su perior Court, in a. suit the Governor vs. Col. Jumes Moore. Referred to the com mittee of claim. i )a motion of Mr. Stanly the Judiciary C"inmittee were directed to enquire and report whether it b! not practicable and necessary to obtain an earlier publication of the Reports cf Cases decided in the Stmreme Court. Mr. Sianly from the Judiciary Commit tecwho were instructed to enquire whether any provision ought to be made to enable persons to procure securities to transmit their Cases to the Supreme Court, &c. re ported that it was unnecessary to change the law on this subject. Concurred with. The House resolved itself into a com mittee of the whole on the Revenue Cill, Mr. Iston in the chair. The committee nuJ? sundry amendments therein, hut not having got through the bill, rose, ask ed and obtained leave to sit again. Thursday, Dec. 13. Thf House spent most of the day in discussing the Revenue Bill, and did not get through it. ' For the Carolina CentineL COMMERCIAL AND AGRICUL TURAL RESTRICTIONS. Had a system been devised for the de piesion of agriculture, and to build up the large cities at the expence of the country, none perhaps, would have an- wprpl rh.it numnup more efiVrhiallv tlmrT the one that has been pursued, of high duties on foreign produce, (usually bar tered for West India produce,) and the " injudicious restriction on the lkitish co IommI tra.Je. If the former has had the ctr-.ct to iJiininish the consumption of for eign piiits, it has had a corresponding effect to increase the consumption of do mestic, and so far from encreuxirtg the carriiv trade of the United States, it has thrown into the hands of the Critish, the transportation of our flour, rice, dec. from London, Liverpool, the Bermudas, Halifax and St. Johns, to their own colo nics ; at the former of which places, W. Indi.i produce has umi illy- been as low, with the difference of a small freight, as it has been atthe great export places of New- i ork and Boston These la Iter be in? the' principal large markets in this cou.itrv to which it could be sent, and the charges on shipping them being also de ducted, it is easy to see, as indeed past cxpt-rience assures u, what a small sum inut be If ft to our planters as an equiva lent for theirllaborand expei.ee. 1 think therefore, that these may be considered the prominent causes of the very low price of biead stuffs lor the last two years. It is, as I conceive, an undisputed axiom iii trade, that if you would sell to people, jou must buy of them. If the Indian wants your blankets, guns, and spirits, .you must buy his furs, whether you want them or not. ' If the inhabitants of Spain und I'ortugal, Madeira, the Western and Canary Isles and West Indies, wwnt to buy your rice and co'rn, and ilour, fish, salt provisions and lumber, you must take what they have to give viz. wine, coffee, surarj rum and rao!aes, and if you do take such produce in order to be freely purchased by people t large, it inut be sold at a price bearing some rela tion to their means ; but il government demand for duties, the one half, or two thirds of its value, the people cannot af f ird to consume such foreign produce ; the merchant in his turn cannot biing it l. the' United, States, the foreign con sumer cannot i buy produce, much as he niav want it, haviog nothing but his own produce to pay ; and he is then necessi tated either to do without it, or find some .customer wtiOjWiu coniwriu wmi iuc mn dftmental principle of comineYce, viz. the barter of one thing for another. It is not true, nor has it ercr been the case, . f i. that there is no lomgn maiKei iur our , , pioduce. All the produce n.iscu in me j vre dm; counrry cuum uc wiu, wuc w um ' bour B as miicn n 14 is, oi ian jinvt, i-it ; ploy lor print liHC Ji U WC uauw iu avuu vn y uv , t were the duties regulated s thry ougnt to be by the peace value of other articles. les. rrl. - 1 . 1 t 1 -1 1. A t " 1 I C 4ft i ucic i nine uouui. me immeuiaie ci- m....ut k : ' t r ttVl UUIU MS IU 141 VI M3C IUC iliU Ul V" sne- It is produce in the West India markets, espe cially grain, very considerably. not because I consider foreign spirits and wines ana iruits, sugar ana moiasses, im - i (wridm euncr loine nappmess ur wim - fort of our rwnnle. that I am anxious to r people, that I am anxious to country. ; ineamouui .cv. - -the importation of these articles : 1 outfit of one of these vessels, say $1 00)00 facilitate far from millions t VlO?U ill ? nappy ami as comiuriduic tiiijuu Lie. i. .. i ;f a hi,chp! of.whoAt. which otherwiseVouId be of little or no value, be made of value by being exchang ed (or a gallon of foreign wine or spirits, it promotes the happiness and comfort of the farmer who produces it; for if the wheat could be bartered for spirits and wine, so also can it be for clothing or books, or whatever the purchaser pre fers ; whereas, if it has no exchangable value, owing to government's not allow ing the importation of the article for which only it can be exchanged, it is plain it will not be produced ; the production will in the end be regulated by the do mestic consumption, no doubt enough will be produced for home consumption, but hi our habits and circumstances have led us to produce provisions and lumber fur the supply of foreign markets, I should hardly think that, a very wise or just poli cy, which should ciuse this class of citi zens, (the farmer and planter,) tb stand still, that a new class of citizens, encour aged by the prohibitory duties, might come forward with substitutes for such imported articles; or that a. thousand farms should be laid waste, in order that one vineyard or manufactory might flour ish. If some shoulday the articles im ported from the above mentioned places, are luxuries, and cannot be taxed too much, let these objectors trace the man ner in which these Iuxuri.es come into market : Let us take the case of a Legr horn cargo. The merchant ships: his flour, lice, meal, staves, fish, and oil to I f ay ti. lie exchanges them for coffee, proceeds to Leghorn, and there exchanges Ins coffee for fruit, oil, wine, Leghorn hats all acknowledged luxuries : now, if government determining that these shall not be imported, imposes prohibitory duties, the Leghorn cargo cannot be sold, and the merchant has no demand for the dour, &c. with which he originally began hi? operation. I he same may be said of almost every operation in trade, for trade is mostly an exchange of superfluities, not of necessaries. The general prohi bition of luxuries therefore, by which I mean things not necessary for human sub sistence, would amount to a prohibition of industry. The industry which produ ces ihe articles exchanged for luxuries in foreign countrys, is principally to be look ed to and not the pride and wealth which consume them ; it is in this point of view, when I see a lady with an expensive Leg horn bonnet I fancy to myself, she has on her' head ten barrels of flour," or a hogshead of tobacco. " It'is said that Dr. Frauklin once sent the daughter of a country friend, a fashionable new bonnet, and that the observation of his friend on the occasion, alter some months had pas sed, was, that his present had done more harm than good, as all the girls of I thevillage were uneasy till they got simil- ar nonneis. . inuecii' saiu tne Lioctor to his friend, "what then?" " why, so desirous were all the girls to get bonnets, that they employed their winter evenings in knitting stockings and mittens, which they sent to Philadelphia for sale, and now, every girl in the meeting house has one of these fashionable bonnets." The effect of the new bonnet was, that it bro't into action the industiy which only wan ted excitement. Prohibitory and restrictive systems, and high duties, are generally favorable to the enterprizing and rich merchants, as well as to the great capitalist. There were probably more individuals enriched by importation of Rritisii goods in 1812, just after the commencement of the war, than there had during the war between Eng land and France, frjm 1793 to lS01,and the double duties imposed by government in Sr.r,antf which terminated June 50th, 1S16, were more productive to individuals than to the government. In proof of this, it is known to the writer, that a merchant at the north, gained nearly half a million of dollars, on two China cargoes, the one of which arrived before the war du ties were laid, and the other, just after they were taken off. The taxes paid by the consumer, went into his pocket, not to the government. Out theexisting high duties, have not tended to enrich the rich, but have rather contributed to add to the poverty of the poor. These high duties have greatly diminished the consumption of many foreign articles, especially wines and spirits. The capital which would have b.-en employtd in importing and re-exporting, has been unemployed, and mamr thniicaiuU who denended on the production of the articles of home pro- I duce, which were formerly exchanged . . nps . d s have sufTered ase- inution in the profits of their la- ut the capitalist still finds em- his m'onev. tho' at a Jess rate t it : for I believe, with the many if employ in the es imua in the world who never consume ( indeed any trade, ; wuere u.c P. ... ho.dd nuite : cinle of exchange of equivalents acted 1 '. ft A -Tr tat.- Tl loan, tomakeup inai my ident policy , j , , t .,r;t:s.t i or U aiis the case with the capitalists , 3 . ; of the north, their funds are employed in 1 the indirect trade viz. from the Last i : Cuba and Souih America io x.u- a A - .-v II, - rope and back, with oreat-profit indeed to the owners but little to the industry of the A Ilvi iO vv uun uuu .- , , f t, ' country. ; ine anwuui r ' i Ar, ivntiMrPrtainlvset in motion ten or v . . . . r twentv times as much of the industry oi 1 tie country, as the indirect trade ..w wcu. fAo 6y rto means a orajiw ui i' nVmedj is of little consequence com pared with the domestic trade,; and what is next 'of importance, the trade of the West Indies. Madeira, the Canary Isl ands, &d The produce of these islands, ts the only medium they have to give in payment! for our produce, which they consume! and should be considered in the Ii -ht of sDecie. or at least it should pay flie lightest duty possible, bo tar troni Afedeira wine Davine the ninesi au:y 01 any wine, it snouia ue uio iursi, .- Hr in in-snre the consumption of that Isl- , and fand which Is immense) for our corn T flour,staves&otherIumber,t.sh,porUAc I The sum-of what has been said is, that a high duty on imports, is a tax , and of- ten a very great one, on agntu-iuic, ao welas on other branches of industry. 'And what are the taxes imposed for ? Are they for the honest purpose of the revenue,;to which no good citizen could obiect ? Not at all : they are to luster one branch ol industry, or rainer me pei- . -. . .ii .i . sons at the head of such branches of trade at the expence of all the other branches of the industry of the community : for instance what more absurd than the duty imposed; on Cotton goods, every yard square 01 wmcn, - anuu uc iuhci u,,.u, deemed fp have cost 25 cents, and pay duty arc rdingly --that -p c only cents which ,s a whii more reasonable than if eVery head manulac- ;turer shquld be "Jr n consumer of 10 hogsheads of tobacco, A.JJ KJ I ' J A v " 7 ' should be taxed to pay for such articles, as a fund to be applied-to pay those who suffer' from this system. The war cry ;was " Free trade and sailors rights" it should now be changed to " Fanners rights and free trade." It is a fact well .Ifn lijrrolc pnrn 11111 nnrrpls lioiir. ailtl worthy of notice, lhat the general ad yalorem rate on articles not specuieu, was only 10 percent, up to July 1800, and on j articles considered of luxury only 12 to 15 per cent, on rum, brandy, &c. 25 cents per gallon, 1st pi oof- on common wines, 40 per cent, (equal to 12 to 20 cents Der trallon") on Lisbon wine cents : Sherry, 33 : on brown sugar, 2 cents; imolasses 4; nails 2 cents ; ma nufactures of iron, 15 per cent. ; on iron itself, 1Q per cent. and yet the preced ing yeans, from 1793, (when the war between England and' France commen ced) wa$ a period iclien the trade of the United States teas in its most flourishing state when the benefits of a free com imerce were most extensively diffused, tho' no doubt the capitals of individuals was then much less than now. . Hence, I infer, that the prosperity of this country in its incipient state, is to be imputed principally, to the free and unrestricted Itrade, and moderate-duties which then existed, j This prosperity was then uni versal in town and country. The tariffcommencing July 1st, 1801, and ending July, 1804, was also moder ate in its rates of duties; the general rate of non-cnumratcd articles, being only 12 1-2 per cent, and the circumstances of the country were flourishing. A check was given to this prosperity by the embargo, commencing in December 1807, to this succeeded a varietv of com mercial embarrassments, ending in war which commenced in 1812, and ter minated in 1815. During this period, while agriculture was depressed, the great towns generally nourished, or rather I would say, the fortunes of many individ uals were wonderfully augmented. In short, it may be affirmed, that under the high duty, and restrictive system, more large fortunes Were amassed by individ uals, than had been in a period of twenty years preceding. These systems are then, as restrictive ami artificial systems of political economy always are, a tax n the many for the benefit of a few. It is not, I will admit, easy to say who are the individuals in the United States, now ben efitted by the restrictions on our trade to 1 r - i.i ii . r ranee ana tne untisn colonies ; but if there are none so benefitted, they are then a positive injury without equivalent bene- jfit, and ought at once to be removed. I Neither can it be affirmed that the high duties on many articles imported in ex ! change for our produce, are beneficial- to t:ie w) whatever they have been or may be again ; but on other articles, such as are manuiactured in the U. fc. the effect un- doubtedly is to enrich the manufacturer keaninginereDy tne tew Who are pnn- iban formerly. uovcrn.iut ia , pipals,) at the expense of the agricultural, 2.2 to 12 l-2d. of the best possible quali mechanic, mercantile and maritime inter- 5 a"tl Demarara which is a decided Fs as well asat the expense of the other Wterest connected with them. , " Jj A - The shortrtind easy ttny W regard, to our foreign commercial restrictions, is to let'othercountries managetheir own trade In their own wav, and to conduct ours in a wav that will best comport wit!. t.e- in terest, and happiness o(all c - not to prostrate one or more of the most important classes of the community, to trratifv the prids of visionary politicians, or avaracious monopolizers. PRO BONO PUBLICO. FOREIGN. VERY" LATE FROM ENGLAND. w CHARLESTON', DEC. 10. By the regular trading .ship Mart Sf Susan, Capt. Curtis, arrived on Saturday, in 37 davs from Liverpool, we have re ceived London papers to the 2Sth, and Liverpool to the 30th Oct. both inclusive. The state of the market is still more unfavorable-than at the last advices by the Triton. ! The King of England had been very i Ianover, but had nearly recovered , . . . A-M Accounts had reached Lngland ot ine - - - . . i . t i return ol the iortriern over-iaiu cau.- null, II1IUCI, V. baked rj,heir yef j, , lion, nnder, tuecommanujui uicui.i. where they first disem- discoveries are said to be ery gratnying aim imporuiiii. Creat disturbances continued in several counties of Ireland. 1 he Catholic cler gy was very active in aiding the magistra cy to preserve order. In .some places militarv law had been enforced. The accounts from 1 urkey continue ,ntl.a,ii,,ro. ThP London i lowever, says that there is to be uul; J , "" "f - ;. , avo, n ,.omrnPnced for : "7 - 3 "V" ' lishtiiis St. James' Park with gas. Baron Strgonoff, the late Russian Am- ;r--,:i- l.nH rnmpri ihlirfr (Jh;s rPlllr fr0m ;;e n)peror Alexander , 'ou fc a town n M t and the Am. bassador, retired to.tlJ house of a Bailiff, , , n,,; J 7 j w His Majesty was to leave Hanover on his return to London, the 25th Oct. A London paper of the 28th says, 4 Two distinguished foreigners are in treaty for Vauxhall Gardens, which they intend introducing the Russian ilo tains, and other Parisian amusements. The disturbances which It I occurred in the Isle of Man had nearly subsided. , The daughter of Joseph Bonaparte sail ed from the river Thames on the 27th Oct. for Philadelphia, to reside with her father. j ' , A Dublin paper says : We learn that a party bf i Militia-men are about to set out from that city for Patras, to join the Greeks in the Morea." A public meeting "has been held at London for the pujpose of promoting a subscription to purchase an annuity 'or Sir Robert Wilson. Tha Russian Court wore mourning 8 days for the late Queen of England. Extract of a letter.' c Liverpool, Oct. 27, 1821. Our Cotton Market this week has as sumed a most gloomy appearance. We have not only a continuance of the dulness that has prevailed for the last, three weeks, but our prices have more decidedly given way ; and there-appears a very great anx iety among many holders to sell, without regard to the mode or price. Yesterday there were offered by auction, 313 Sea Islands, 290 Orleans, 574 Tennessee ; and there were sold, 205 Sea-Islands , at 12 l-2d. a 16d ; ' 200 Orleans, 8 1-2 a 10 1-4 ; 330 Tennessees, S 1-4 a 8 3-4. These salesjwere brought forward by four different houses, a"hd the prices were de cidedly a farthing lower than any previ ously sold, and in Sea-Islnnds fully l-2d. The sales of the week are 5810 bags of all sorts, of which 3235 were American Cot ton, say 2510 by private and the remain der1 by auction ; private, sales 1440 Up lands, 730 Orleans, 305 Sea-Islahus, and 35 Tennessee. Sales of Upland 1G0 a 8 l-2d ; 40 a 8 3-4; 485 a 7 ; 130 a J 1-4; 405 a 9 l-2;60a9 5-S; 10a9 3 4; GOalO; 20 a 101-2; 50 a 10 3-4j 20 a 11-1440, aveiage 9 l-4d. The arrivals continue from New-York, and the quality being very inferior de presses the market, and throws a weight of Cotton into the market that was not contemplated so late in the season. This seems to be the cause of the publicsales beginning again, and if they should be persevered in, will bring our market as low or lower than it has been for twelve months. There cannot be a worse thin for our markets than to force them by public sales. The import this year from America will probably be about 30,000 bags short of the import for last year, but it was at one time expected to have been 50,000. Brazil Cotton is selling very low; Bahia and Maranhara from 11 to 12d. iu ia. ana rernambucco fmm suosutute tor Sea-Islands, sells from IO to 13 l-2d. This interferes with low Sea- juwiiujauu pnme uneans; and altho7 our consumption is very "rrO i .v is no appearance at pre.T 1J uon, ei we see: no prospect of do good on shipments, except ?tvl''4f? "'Ii. in ices Im vo ir si,!.. ...h.i " t - i v " e ; or -h:i,yoIir ters et a renumeralion for fian would appears thA the nr;,,.': ! their cfops annua, and on price tffi have yiet had isColow as to curt nit -u tivation. We have no rh,n,. lUl luaiivci iur anyj tning else.' our DOMESTIC. . FrumHhe X I' Commercial Adt REMIEW OF T i 1 l MARKET GrAin and Flour. Tb. by tlie Triton had a consideralj! 'thej Triton had a considprau s fc on iwi? iiiai isei Un iIond;lv s,. ' New-York flour was outed ai 6:' e whichlthe marketf1ias reniaineu ''" and consideraple sales of flour hrve f made kt other quotations. ! NewfYork superfiue, Philadelphia, Baltimore Boward-sU Do. wharf, Richmond city, ta. country," Alexandria, Fredericksburg, Petersburg, ' Rye; Flour, C'orn Meal, in bbls. Dot in hhds. G nor? 0 6 6 5 12 3 2j l4al a Wheat, N. River, per bush, i 2y Vo. .Virginia, i 12 n Rye : 81 "r JNorthern Corn, j-ellow, -0 im. ao. winte, Do. Southern, 63a7o Oats, 40 Cotton. The demand fx- r . this week, .has been hmitted. Holders evince an eagerness to sell, but unsviin, to come down in price. The impon tion thi week is about 500 bales New-Orleans, 19a20 Upland, - (old crop) I4al6l Do. . (new crop) 118 H Alabama, (old crop) 1416 1-2 Tennessee, 14al4 1-2 Imported in the month of November New Crop. 2VJ0 bales; Old Crop, 20 Q bales. Total, 4229 bales. Tob vcco. In this article there has been little doing during this week.! Richmond, 6a7 1-2 cents. Petersburg, 50ar ' Kentucky, l4 a6 1-2 Naval STOREs.-Sales have beeu made at our quotation : Tar, 13-4air-S Turpentine, 2 l-4a2 1-2 Flaxseed. The business in Flawed has been but trifling. Holders, ojfer clean seed at 9 7-8. We quote prices: . ' Clean,- $9 75aI0 Rough, . ' 9 a923 " Molasses, scarce. They are held it from 35 cents to 38 cents. SiTfiARS Tn PfnerHl this arfirlp hi been verv dull during the week, and hard- - - j . o I ly any alteration from our last quotation. Havana brown, ,10 25al075 New-Orleans, superior 11 50al2 Do. fair, 10 25all 25 Do. , inferior, 9 alO Havana, whites, superior, 16 al6 50 Do. do. seconds, 14 50al5 uurjay iuuscavaaoes, gooa, yyudiu jw Do., seconds, 8 25a 8' 73 c. r : r. . 11 nl" 01. vruiA, Coffee. Is still less in demand, and a reduction in price is 'anticipated. Pf ces are almost nominal. Havana, ; 29a29 1-2 cents. 3t Domingo, 28 , Laguira, 29 Brandy Is stationary at our last quo tations: .1 65a 1 76. VVhiskev, 31a35 cents; Cider Bran dv, 34; New Rum, 40. Oil. Whale, 35a3r; Sperm. sua mer sirained, 80 cents ; do. winter fa 1 10 cents ; Sperm. Candles, 37a4U. Provisions continue without altera tion. (: Prime Beef, . 50 Mess do. 9 ! Prime Pork, 8 75a9 . ; Mes; do. l3 50a!4 5C Freight on Cotton, 5-Sa3-4. Exchange on London twelve pceT1' premium. Salesthis day atourqootan. Actual Sales of Domestic Goods, tk I week at JSew- York : ' , Sfr rM .13 8 13"- i . - . iQ rrs. i ,15 a Ginghams, Chambrays, 16 a 20 14 a l5 11 a 14 16 a 20 14 a 13 18 a 2S 26 a 28': 30 a 31 36 a 33 15 a 25 23 Brown Shirtings, " Do. Sheetings, Bleached Shirtings, Dot Sheetings, Doi do. (fine) 3- 4 Bed ticking, 4- 4 ) do: Drabets, Do. stnped ar h C ttoh Yarn, No. 5, to 10. 34 a SG V1, Candle AVick, JlnO Sattiits, GjalHK15--SattinVtt Warps, 5 The Mock of Brown Shirtings in market is very small, and sales are re Iy effected at fully our quotations. Saif.-ntc ar. Jn rood defliantif r j some of a superior quality have bee at, from $1 18 3-4 to 1 70 P?rvartf'i
Newbern Sentinel (New Bern, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 22, 1821, edition 1
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