nf tjj* Hire Crnh. 



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

 second staple of the Southern States. It is the one 

 most dangerous 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 last 14 

 years for review of the price of the article. 



Tierces. Tierces. 



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

 &quot; 1831 to 36, &quot; &quot; * 661,311, &quot; 126,885 

 &quot; 1837 to 42, &quot; &quot; &quot; 648,458, &quot; 108,076 

 &quot; 1843 to 48, &quot; &quot; &amp;lt; : 774,988, &quot; 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 &quot; 



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

 or yearly 8,535 tierces. 



Taking the prices from 1835 inclusive, to 1848 14 



