IS37J 



FARMERS' REGISTER. 



447 



titled to one copy lor his troublo. The snme shall 

 he iriven to any person who will Ibrward the pii>'- 

 natures ol' 20 subscribers, his own bein<i at the 



At present, the little specie that circulates in our 

 small community is "fradually collected into the 

 post olfices and custom houses, whence it is not re- 



head ot the list, but without ixuarantce. No issued; the payments made by the «jovernment be- 



money will be recinired until the delivery of the 

 book, "but letters addressed to the author by any 

 person or persons wishinir to subscribe, must be 

 post paid, and directed to Loretto, Essex county, 

 Viminia. 



Subscribers are requested particularly to dcsirr- 

 iiate the state and county or town in wdiich they 

 reside, their respective post oirices, and whether 

 they want copies in boards or ready bound. 



N. B. Tlie editors of our agricultural journals, 

 lh!-ou<]jhout the L^nited States, are requesieil^ (li' it 

 be compatible wiih their terms,J to give this pro- 

 spectus one insertion in their respective papers. 



Oct. 7, 1S37. 



[It is not onl}'- in compliance with the request made 

 above, but on account of the vahie and importance of 

 the proposed work to agricultural interests, that we 

 insert the proposal at length in the body of this journal, 

 though it may perhaps be deemed, in some degree, in 

 opposition to our rule to exclude every thing in the 

 nature of an advertisement. Mr. Garnett's long and 

 zoalous efforts to stimulate the improvement of agri- 

 culture, his extensive reading, and general information 

 on the subject, and his talents as an accurate observer; 

 and excellent writer, form very high qualifications for 

 executing well the work he proposes to undertake ; 

 and if he is enabled, by sufficient aid, to prosecute his 

 labors, we hazard nothing in predicting that his full 

 report will make a valuable addition to the agricultural 

 information of Virginia.] 



COMaiERCIAL REPORT. 



ing by checks on their deposite iianks, or in other 

 words, in bank notes. The inconvenience is thus 

 constantly increased, and il" the revenue of the go- 

 vernment were as great now as heretofore, so that 

 a large surplus could accumulate, a specie curren- 

 cy coidd not possibly exist. Government, instead 

 of creating, would destroy it. Fortunately, there, 

 will be no surplus to enable the treasury to hoard 

 up specie. 



Exchange on England, which has been as high- 

 as 22 per cent, premium, has declined to 1(5, and 

 specie in the same pro|)ortion, liom 12, to 5 or 6 

 per cent. Between dilFercnt parts of the country 

 a great difference in exchansre still prevails — even 

 between New York and Philadelphia, 1 to 2 per 

 cent.; and between other places, various rates, from 

 2 to 10 or 15 per cent. All sorts of small bills are 

 in circulation, iirorn five cents up to as many dol- 

 lars, whether legal or illegal. 



Prices of domestic produce of all descriptions 

 have improved. The diminished quantity of to- 

 bacco, compared v/ith last year, as shown by the 

 inspections in Virginia and New Orleans, has 

 caused an advancein that article, though it is be- 

 lieved that a larger quantity than usual remains in 

 the interior, primarily owing to low prices in tlie 

 spring and summer, and subsequently to the inter- 

 ruption of internal navigation. A drought of long 

 duration has dried up the smaller streams, and sus- 

 pended the navigation of our rivers above tide 

 water. Sales of tobacco range from $2% to 8|. 

 The inspections, &c., in Virginia, exhibit the fol- 

 lowing results, for the years ending 1st October. 



Inspections, 1836—4.5.300 hhds 1837—36.000 hhds 

 Exported, 30.700 18.700 



Stock, 14.000 10.000 



The busines.? of the past month has been fo a 

 tolerably fair extent. The reduced terms of credit 

 on sales in New York, and other northern cities, and 

 the ddTicuIty of exchanging southern tor northern 

 funds, have induced many of the country dealers 

 to obtain their supplies in Richmond and Peters- 

 bur<T. 



If adequate importations of goods be hereallcr 

 made into these and other southern ports, there is 

 no doubt that a larije portion ol" the trade of the 

 interior may be retained at home, and our denen- 

 danceon the north be proportionably diminished. 

 Capital and enterprise cannot be more profifably 

 employed, if we may judge by the success of those 

 who have made the experiment. 



Importations fi'om Europe, during the last six 

 months, into New York, &c., have been iticonsider- 

 able in consequence of the almost total destruction low 

 of American credit durino; that period, and of the 

 indisposition 6f those whose credit was unimpaired 

 to risk it, until the consequences of the general de- 

 rangement of commerce should be ascertained. 

 The worst, it is believed have now been seen, and 



Received, 1836 



Exported 



Stock, 



III A'ew Orleans. 



-49.934 hhds. 1837- 

 43.941 



7.277 



-28.196 hhds, 

 32.72.5 

 1.511 



Prices in New Orleans and in Kentucky, were 

 at one time so low, and the scarcity of money so 

 great, that tobacco of interior quality would scarce- 

 ly sell lor enough to pay the charges, and, conse- 

 quently, the planters ceased to send it to market. 

 Prices have recently advanced, hut the tobacco in 

 the interior cannot probably reach market very 

 soon. 



■^V heat has advanced to 170 fo 175 cents per 

 bushel. The crop east of the mountains proves 

 deficient in quantity, and although the price in the 

 western states (on the Ohio,) is comparatively 

 supplies of flour from thence do not usually 

 arrive until the spring. Meanwhile, the western 

 part of New York is relied upon as the most abun- 

 dant source of supply, and the daily receipts from 

 thence have recently been 6.000 to 10.000 barrels; 

 but the demand has kept pace with the supply, 



unless some new experiment be made, the effects j which is considerably less to this period than in 



of previous ones may be gradually removed, 

 Large exports and moderate imports will reduce 

 the rates of foreign exchange, and consequently, 

 tlie exportation of specie, and enable the banks fo 

 resume the payment of it, with safety to them- 

 selves and benefit to the community. 



fcTrmer years, and will require some weeks ot open 

 navigation to make up the deficiency. Flour of 

 country mills in Virginia, commands $8 — but ow- 

 ing fo the drought, the supply is inconsiderable. 



There will be imporlations of grain from Europe 

 again tliis season, wliich is fo be regretted on va- 



