llrntntt nf i\)i Hire Crnh. 



I WILL enter into a very brief statement of this, the 

 second staple of the Southern States. It is the one 

 langerous to the life of the planters. 



I will take the last 24 years of the returns embracing 

 North and South Carolina and Georgia, and the ln>i 14 

 yi-ars for review of the price of the article. 



Tierces. Tierces. 



From 1825 to '30, six year's produce 676,816, average 112,802 

 " 1831 to '36, ' - 661,311, " 126,885 

 " 1837 to '42, " - - -K458, " 108,076 

 " 1843 to '48, " " < : 774,988, " 129,164 



Which shows a decline, comparing the last 12 years 

 with the former, of 14,681 tierces, or more than one per 



cent. 



Shipments to Europe. 

 Taking the last 24 years. 



From 1825 to '3612 years, . . 668,669 tierces. 

 1837 to '48 " . . 566,246 " 



Decline in the shipping trade, . 102,423 tierces. 



or y-- 



Taking tin- j.riiv- from 183;) inclusive, to 1848 14 



