r04 FARMERS' REGISTER— EDITOR'S ADDRESS— ACKNOWLEDGMENTS, &c. 



11^ cents. Tlie state of foreign markets would in 

 ordinary times, cause these articles to lie from 10 

 to 20 per cent, liigher, exclusive of the liome de- 

 mand, -which has l)een g,reatly diminished by the 

 closing of manufactories. Stocks in our State 

 Banks, which liave i)cen a favorite investment lor 

 many years past, and were a few months ago wortli 

 ^114, were recently sold below par. 



A recent operation will show the state of our 

 commercial relations, and the contrast they exhi- 

 bit to those of England. A loan to the state of 

 Pennsylvania, bearing five per cent, interest, was 

 contracted for within the last eighteen months, by 

 American capitalists, at a premium of 13^ per 

 cent. Instalments, to the amount of some mil- 

 lions Avere punctually paid, but the subversion of 

 the money concerns of the country, deprived the 

 contractors of the usual means of negotiation, and 

 the last instalment remained unpaid. It was ad- 

 vertised for sale, and not sold for some time. At 

 the same moment, money in England was so plen- 

 tiful, that the East India company loaned to a 

 noted capitalist, a sum equal to (en millions of dol- 

 lars, at an interest of 2^ per cent, per annum. He 

 could purchase dollars, and ship them to this coun- 

 try, to cost about ninety-two cents. He became 

 the purchaser of the forfeited portion of the Pennsyl- 

 vania loan, at one-fourth of one per cent, above 

 par — thus receiving ^5 per annum, for the use of 

 S§92 25, while he is paying $2^^ P^i" annum, for the 

 use of )B100. The slate of Pennsylvania or one of 

 her citizens, thus loses, while a foreigner steps in 

 and makes the profit. The curi-ency of the one 

 country is deranged : the currency of the other, 

 is in its regular course. This proves the assertion, 

 that our public credit will be confrolled by foreign 

 capitalists. Indeed, at this time, the profits of our 

 commerce are to a great extent, thrown into the 

 hands of foreigners, whose capital unembarrassed 

 by a sudden change, is employed on terms pre- 

 scribed by themselves, free from the usual corrup- 

 tion of our own merchants, in the purchase either 

 of our produce or our slocks. 



It is supposed by some, that the abstraction^f a 

 few millions of ca])ital, being but a small propor- 

 tion of the wealth of a country, can have but little 

 influence upon its general commercial operations. 

 This idea is incorrect : the whole amount of money 

 in circulation, in any community, bears but a small 

 proportion to its capital. The rapidity of the cir- 

 culation, enables it to re[)rcsent successively, the 

 value of innumerable commodities. One hundred 

 dollars is paid by a miller to a farmer for his 

 wheat — this money does not remain in the farmer's 

 hands, but is used to pay some delit, or for some 

 article of necessity or luxury. The persons to 

 whom it is paid, apply it in like manner, to meet 

 their engagements, so that it is incessantly passing 

 from hand to hand, and may be used in one week, 

 or even in one day, to pay debts amounting in the 

 aggregate, to a tliousand dollars. The miller con- 

 verts his wheat into flour; the money he obtains 

 for it continues in active circulation, as does that 

 which the baker receives for his bread. Let us 

 suppose the miller keeps his .^100 in his pocket : 

 abstract this small sum from active circulation 

 and innumerable transactions, contributing to the 

 comfort and support of many individuals, are sud- 

 denly suspended. 



But as capital will find its way to those places 

 where it can be most profitably employed, it is 



fair to presume that the pressure now existing, will 

 lie gradually relieved by the introduction oi^ capi- 

 tal from abroad, as in the case of Pennsylvania, 

 and as is about to be attempted in the state of New 

 York, where it is proposed to sell six millions of 

 state stock, and to furnish to the banks, the money 

 thus obtained, which will enable them to sustain 

 their own credit, and increase the loans to their 

 customers. X. 



yjpril 10, 1834. 



CHANGE OF EDITOU S ADDRESS. 



The name of the post office heretofore called Garys- 

 ville, has been changed, by order of the Post Master 

 General, to Shellbanks. Correspondents will please 

 to make that alteration in the direction of letters, &c. 

 for the Farmers' Register. 



ACKNOWLEDGMENT OF COMMUNICATIONS. 



On Draining (continuation from No. 7) — On Cakure 

 and Preservation of Potatoes — On Hill Side Ditches — 

 On Draining, by a Charlotte Man — On Hessian Fly — 

 On Embanked Marshes and Malaria — Answer to Clue- 

 ries on Tobacco — On Irrigation — Farming in North- 

 ani]iton Coimly, Va. 



COKTBKTS OF FARMERS' REGISTER KO.ll. 



ORIGINAL, COMBIUNICATIONS. 



Concise Directions for the Cultivation and Management of To- 

 bacco, 641 — Q,ueries on Tobacco or Oats, 642 — Devon and Dur- 

 ham Cattle, 643 — Draining and Cultivating Lowgrounds, 643 — 

 On the Manufacture of Potash, 64o — Seetls for Oil, 646 — An- 

 svs'erto Queries in No. 9, 647 — Suggestions for the Diffusion of 

 Agricultural Knowledge, 648 — On The Several Plans used to Pre- 

 vent the Washing of Hilly Lands, 680 — Rye in the Grain, as 

 food for Horses, 683 — On Suckering Corn, 685 — On Pine Leaves 

 and other Woods' Litter for Manure, 689 — On the Necessity, and 

 Means, for Legislative Aid to Agriculture in Virginia, 690---Pri- 

 vate Correspondence, embracing Mineral Waters for Irrigation, 

 Gypseous Deposites, &c. Castor Bean and Oil, Marl on Notto- 

 way River, kc. 700---Provincial or Improper Terms in Agricul- 

 ture, 701--Diarie3 of Weather, 708--Monthly Commercial Re- 

 port, 702. 



SELECTIONS. 



Sparks from Locomotive Engines, 644 — On the Culture of 

 Seeds for, and the Manufacture of Vegetable Oils, 646 — Manu- 

 factory of Venison Hams, 649 — Raising Annual Flower Seeds, 



fioO Salt and Lime as Manure, 6o0 — Undulating Railway, 651 — 



To the Farmers of the West, 653— Large Oats, 053 — Gypsum on 

 Plaster, 654 — Manuring, 655— Steam Thrashing Machines, 655— 

 Carrots, 655 — Review of" The Paradise within the Reach of all 

 Men, &c." 657 — Fences; Yellow Locust, 659 — Improved Short 

 Horn's. 600 — Legislative Aid to Agriculture, 661 — Straw Cutter, 



062 New Method of Applying Steam Power, 662 — A Fat Hog, 



662— Stump Extractors, 603— Gooseberry Caterpillar, 663- Re- 

 markable Plants, 663 — Peculiar Formation of the Negro Sto- 

 mach, 665— Alimentary Tubercle, 665— On Raising Trees, 666 — 

 Experiments on Manures, 667— On Petrifying Wood, as appli- 

 cable to Timber for Railways, &c. 668 and 669— Culture of Hemp, 



G69 Improvement of the Navigation of the Upper Apponiatto.x, 



670— Tobacco, 671— British Farming Capital, 671— British Farm 

 Stock, 672— Undulatins Railway, 672 — Legislative Aid to Agri- 

 culture in New York, 672 — Premium Crop of Potatoes, 673 — Re- 

 sults of Crossing Improved Short Horned and Devon Cattle, 673 



Green Cropping, 674 — Winter Vetches, 670 — Management of 



Bees in Cashmere, 677— The Water Spider, 678- Saxony Wool, 

 678— Dutch Ashes as Manure, 679— Root Culture, 682— Aphis 

 Lanata, 683— Important to Crows, 683- To Kill Rats or Crows, 



684 Keeping of Apples, 684 — Rabbits, 684 — Diseased Horses, 



685— Transporting Coal, 686— Oxalis Crenata, 686— Clover Sow- 

 ed among Corn, 687— Extirpating Rats and Mice, 687— Rise 

 Mill, 687— Destruction of Crows, 687— Emancipation Policy of 

 Great Britain, 6S8 — On the Construction ,ind Fixing of Racks 

 for the Passage of Streams, 692— Beet Root Sugar, 693 and 694— 

 Steam Carriages, 694 — Dry Rot, 695— Insects, 69.5— Eflects of 

 Terrestrial Radiation on Vegetation, 696— Gelatine, 701— Fari- 

 naceous Aliment from Straw, 702— Nature of Earths, &c. 702. 



ERRATA IN NO. II. 



The fn-st article in this No. (by J. F. Edmunds,) should have 

 been dated from Charlotte County, instead of Mecklenburg. 



The title "Tobacco" on page 670, should have been "Im- 

 provement of the Navigation of the Upper Appomatox." 



