NEW-YoRK, FRIDAY MORNING, sEPTEMBEl
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Five reacted upon Great Britain again. and general


ation Of American securities followed both abroad and at
home Thus disaer followed disaster, until the United
S,aes became paraysed and her citizens bankrupt and
Great Britain, a certain extent, psrtcipator with her


By the law 1882 the duties imports will be cash IN
18l. The operation OF this will be 20 make double pay
rnen ors July the January following producing sIH


lar state of things to 1888 and 1889 OF this the mercan
tile community should be aware, they will again be subject
TO serious inconvenience if failures considerable
extent without being Of the in operation to
produce them That duty which originally laid to qu
date countys debt swelled into capital OF many mil


lions. For years preceding l833 it constantly averaged
about twenty the hands OF the merchants at home and
abroad and the auconeers the time furnishing ca
tai for and stimulating bank operations In exact proper
these credits shortened and cash duties reorted
to- have these facilities ceased and 1912 concludes them


The country then in adverse position, to what 1t was
in 1903 when it owed 80 millions, and to what was IN
l8l when it owed 25 millions and it is evident that the
system that fitted the then Of the country, will not an
the present For these changes the merchants IN Pacu
lar should prepare themselves and not be deceived by at
tempting 10 adopt and that which has passed away


system of laws calculated for impoverished people OF
eight millions will suit wealthy people OF seventeen
millions This the present population Of the uHltcd States
and the county full OF property and the precious metals


In l340 the United States exports for the st time IN ten
years exceeded their imports reference TO the table shows
a difference Of about twenty-five millions.