iron, if he could; but this he cannot do, although close to the producer of cotton, and occupying a land abounding in all the raw materials of which machinery is composed; and having, too, abundant labour power that runs to waste. Why he cannot do it is that England follows the advice of Mr. Huskisson, and cheapens labour with a view to prevent other nations from following the advice of Adam Smith. The whole energies of the State are therefore given to the raising of tobacco and corn, both of which must go abroad, and as the latter cannot travel profitably in its rude state, it requires to be manufactured, and the only branch of manufacture permitted to the Virginian is that of negroes, and hence it is that their export is so large, and that cotton is so cheap. Widely different would be the course of things could he be permitted to employ a reasonable portion of his people in the development of the vast resources of the State--opening mines, erecting furnaces, smelting iron, making machinery, and building mills. Fewer persons would then raise corn and more would be employed in consuming it, and the price at home would then rise to a level with that in the distant market, and thus would the land acquire value, while the cost of raising negroes would be increased. Towns would then grow up, and exchanges would be made on the spot, and thus would the planter be enabled to manure his land. Labour would become more productive, and there would be more commodities to be given in exchange for labour; and the more rapid the increase in the amount of production the greater would be the tendency toward enabling the labourer to determine for whom he would work and what should be his reward. Population would then rapidly increase, and land would become divided, and the little black cultivator of cabbages and potatoes would be seen taking the place of the poor white owner of large bodies of exhausted land, and thus would the negro tend toward freedom as his master became enriched. Nothing of this kind is, however, likely to take place so long as the Virginian shall continue of the opinion that the way to wealth lies in the direction of taking every thing from the land and returning nothing to it--nor, perhaps, so long as the people of England shall continue in the determination that there shall be but one workshop in the world, and carry that determination into effect by "keeping labour down," in accordance with the advice of Mr. Huskisson. The tendency to the abandonment of the older States is now probably greater than it has ever been, because their people have ceased to build mills or furnaces, and every thing looks to a yet more perfect exhaustion of the soil. The more they abandon the land the greater is the anxiety to make loans in England for the purpose of building roads; and the more numerous the loans the more rapid is the flight, and the greater the number of negroes brought to market. A North Carolina paper informs its readers that--