The great concussion which the agricultural interests thus sustained at the epoch when the productive powers of the colony exceeded the consumptive, and the continued shocks to which they have been exposed ever since, have not unfortunately affected the agricultural prosperity alone, but have shaken to the foundation the commercial edifice also.  Unluckily both the agricultural and commercial classes seem to have been alike ignorant of the death-blow which had been struck at their welfare.  The settler continued in the same career of thoughtless extravagance which his circumstances when they were even in their most flourishing state had scarcely permitted, and the merchant went on without hesitation, advancing him goods in the hope of extricating his old customer from difficulties which he only imagined to be of temporary pressure; never for a moment suspecting that they were the forerunners of deeper embarrassment and ultimate ruin.  Need I state the consequences.  The extended credits which the first merchants thus gave the settlers on the strength of the progressive increase of their produce, rendered them at last unable to fulfil the engagements which they had contracted with British and East India houses, and they were eventually involved in the destruction which had so suddenly overwhelmed the great mass of their debtors, on whom they were necessarily dependent for support.  All of them who had been distinguished by their equitable dealings, and by their liberality of conduct, received at this moment so rude a shock in their affairs that they have been unable amidst the increasing decadence of the community at large to re-establish their credit, and after disposing of the scattered wrecks of their fortune, have not only been reduced to penury, but are still indebted to their correspondents in the amount perhaps of L100,000.  These gentlemen thus driven from the commercial circle by their liberality, unwillingly inflicted a deadly wound on the credit of the colony.  Foreign merchants would no longer have any account dealings with their successors; and generally ever since the commercial intercourse with England and the East Indies has been maintained without any confidence on the part of the merchants of these two countries; the money has been received in one hand, and the goods delivered in the other.  This cautious system has given birth to another race of merchants, much more prudent than their predecessors, but also much less serviceable to the colony, and much less adapted to its emergencies.  These in their dealings have been forced to observe the same circumspection which had been adopted towards themselves, and have given no credit but to those whose means of payment were unquestionable.  As the majority of the colonists have been always in the back ground, since the epoch which I have just described, and have in consequence been unable to produce ready money, a subordinate class of traders, but still superior in their circumstances and the extent of their transactions